The shocking rise in policy cancellations: Is your home insurance next? U.S. Department of the Treasury Weighs In. In January 2025, the U.S. Department of the Treasury's Federal Insurance Office released a comprehensive report that provided significant national-level analysis on the escalating challenges within the homeowners insurance market.
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Republicans in Congress have dropped the mantra to "repeal and replace" Obamacare that they repeated so often during President Donald Trump's first term. The Congressional Budget Office projects that eliminating this for the ACA would result in 700,000 people becoming uninsured by 2034.. This is in addition to the 4 million who are expected to lose coverage…
Battle lines are being drawn in Washington over whether to reduce spending on Medicaid and the Children's Health Insurance Program. From Fiscal Year 2019 to Fiscal Year 2024, federal spending on these programs surged from $409 billion to $626 billion, representing a 53% increase. In addition, improper payments under Medicaid and CHIP were estimated at $32…
Venerable Holdings, Inc., the leader in providing innovative risk transfer solutions to variable annuity issuers, today announced a landmark transaction with Corebridge Financial, Inc. that will increase Venerable’ s total assets under risk management, on a pro forma basis as of March 31, 2025, by approximately 77% from $67 billion to $118 billion.
Corebridge Financial, Inc. today announced that it has entered into an agreement with CS Life Re, a subsidiary of Venerable Holdings, Inc. to reinsure all the variable annuities of its Individual Retirement business, with account value totaling $51 billion as of March 31, 2025. The transaction is valued at $2.8 billion, consisting of both ceding commission and…
WASHINGTON- Major health insurance companies, representing about 75% of covered Americans, are pledging to speed up the "prior authorization" process, Dr. "It frustrates doctors, it sometimes results in care that is significantly delayed, it erodes public trust in the health care system," Dr. Oz said. Roger Marshall shared a story of a patient who took time off work for…
President Trump said Wednesday he has a handful of people in mind to replace Federal Reserve Chairman Jerome Powell, who has resisted Mr. Trump's calls to lower interest rates. "I know within three or four people who I'll pick," Mr. Trump told reporters during a press conference at NATO's summit in The Hague. "We have no inflation," Mr. Trump said, listing reasons for the…
2025 JUN 25– By a News Reporter-Staff News Editor at Health Policy and Law Daily– Current study results on Managed Care have been published. According to news originating from Boston, Massachusetts, by NewsRx correspondents, research stated,“ Poor nutrition in the US causes more than 600,000 deaths and an estimated $1.1 trillion in health care spending and lost…
On June 23, 2025, First Financial Bancorp, the parent company of First Financial Bank, announced a definitive agreement to acquire Westfield Bancorp, the holding company of Westfield Bank, FSB, from the ultimate parent, Ohio Farmers Insurance Company, a property and casualty insurance group. The acquisition accelerates FFBC’ s expansion plans in Northeast Ohio,…
U.S. Health and Human Services Secretary Robert F. Kennedy Jr. said this week that several of the nation's largest health insurers have agreed to change how they handle prior authorization, a system that often causes delays in care. Now, major insurers— including Blue Cross Blue Shield Association, Cigna, Elevance Health, GuideWell, Humana, Kaiser Permanente and…
"Many of us are being killed with no reason," 24- year-old security guard Don Cliff Ochieng told The New York Times Wednesday, saying he was in Nairobi due to police brutality and lack of economic opportunity as banks, business and schools are closed due to fear of violence and major roads closed leading into Kenya's capital city. Unconfirmed reports by multiple…
The settlement agreement allows Vascular and Interventional Specialists, Vascular and Spine Institute, Dr. But the two companies— which state corporate records say are run by Sosa, Gary Tie-Shue and Peter Clayton out of 9175 SW 87th Ave.— and the two doctors are paying $810,301 to bring this case to a conclusion. State insurance records say DeAngelo’ s malpractice…
LOS ANGELES, June 25, 2025/ PRNewswire-PRWeb/– While it's important to know what events are covered in your homeowners insurance policy, it's equally important to know what events are not covered. However, certain situations may not be included in your policy, "said Adam Bakonis, Sr. Product Manager State for Mercury Insurance. "
WASHINGTON COURT HOUSE, Ohio— Fayette County Commissioners met Monday with county department heads to discuss 2025-26 health insurance renewals. A representative from the West Central Ohio Port Authority addressed the commissioners about their intent to issue Development Revenue Bonds Series 2025, not to exceed $35 million, for the STEM Academy Project.
Boston Children's Hospital today sued 33 Blue Cross Blue Shield entities across the US, charging the geographically limited insurers have conspired to create a payment system that violates anti-trust laws and forces the hospital and doctors to accept lower payments than from other insurers. At the same time that they have been reimbursing Boston…
“We’ re so proud that Pacific Protector Plus VUL was chosen to be a part of the State Farm portfolio. State Farm is committed to meeting customers’ needs with products and services to help customers manage the risks of everyday life and realize their dream. The design of Pacific Protector Plus VUL offers the opportunity for authorized State Farm agents to help…
Merriwether& Williams Insurance Services has been helping small contractors for 30 years. Ingrid Merriwether is the president& CEO of Merriwether& Williams Insurance Services. They work in risk management consulting and have programs they administer on behalf of public agencies such as the city of Los Angeles, L.A. Metro, L.A.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Motors Insurance Company Limited. MICL is a wholly owned subsidiary of AmTrust International Insurance, Ltd., which is a member of the AmTrust Group. Over the medium term, AM Best expects the buffers in risk-adjusted capitalisation, in excess of the strongest…
Ms. Sinclair will report to Jim Williamson, Everest President and CEO, and will serve on the Company’ s Executive Leadership Team. Ms. Sinclair succeeds Gail Van Beveren, Everest’ s Chief Human Resources Officer, who will retire after serving at Everest since 1986. Ms. Sinclair brings three decades of experience leading transformational human capital strategies…
