Virginia's innovative reinsurance program for health coverage is reducing the monthly bill for each person covered by an Obamacare policy by nearly $100 a month, according to the State Corporation Commission. By doing this, the SCC projects average monthly bills this year will be $519 for each covered individual, compared with $617 if the program were not in…
Newswires
BAKER CITY— Baker City’ s budget approval process was relatively smooth this month, but City Manager Barry Murphy said the road ahead could be bumpier. Combined, they accounted for about 67% of the general fund— $3.14 million for the police department, with 19 employees, and $1.9 million for the fire department, which has 11 employees. The city’ s PERS bill for the…
The debate over health insurance in the United States has returned to the forefront as the Affordable Care Act faces political pressure, insurance premiums continue to climb and physicians experience increasing restrictions from insurance companies. Today, the United States spends a relatively high amount per person on health care, but Americans die…
OPINION— As temperatures rise and storm season approaches, it's a good idea to review your homeowners insurance policy. Tornadoes, hurricanes, wildfires, flooding and other natural disasters can strike with little warning. If your coverage is outdated, you could find yourself without adequate protection when you need it most.
When Republican members of Congress grouse about the president's excesses, it's usually just talk. Thom Tillis, R- North Carolina, used his power over confirmations to force the Trump Justice Department to drop its frivolous criminal probe into Federal Reserve Chair Jerome H. Powell. The " Anti-Weaponization Fund" announced last week is part of the "settlement" of…
PacificSource plans to lay off 97 employees in Oregon this summer as the Springfield- based health insurer scales back its operations amid mounting financial pressures. The layoffs follow the insurer’ s recent decision to leave the Affordable Care Act marketplace in Oregon, Idaho and Montana after 2026 and exit Montana’ s insurance market entirely.
Kevin Warsh was sworn in May 22 for a four-year term as chair of the Federal Reserve, a role that will grant him outsized influence over interest rates and the direction of the U.S. economy. The 56- year-old former finance executive and adviser to President George W. Bush previously served on the Fed's board of governors from 2006 to 2011— when the central bank had to…
Crypto-related innovations could reshape key elements of the U.S. financial system and impact its overall stability. Those questions and others were explored at the Third Conference on Stablecoins and Tokenization, organized by the Federal Reserve Banks of Boston and New York on May 22. Boston Fed Vice President Kenechukwu Anadu organized the conference…
The following information was released by the office of the Governor of New York:. The Governor secured investments that will lower costs, put New York on a path to realizing universal childcare, reduce utility costs statewide, and bring down the cost of insurance rates for drivers. Manhattan Borough President Brad Hoylman-Sigal said, "I applaud Governor Hochul…
Ashley Hinson in downtown Cedar Rapids, interrupting the congresswoman as she spoke about her efforts to ban members of Congress and staff from using insider information to trade stocks and bet on prediction markets. The disruptions occurred inside the Veterans Memorial Building as Hinson addressed supporters alongside Republican Iowa Secretary of…
2026 MAY 29– By a News Reporter-Staff News Editor at Economics Daily Report– Current study results on Investment have been published. The news correspondents obtained a quote from the research from the Queen Mary University of London,“ These shocks represent the additional linguistic information in the Minutes beyond the Statements for the same FOMC…
The arrival of new Federal Reserve Chairman Kevin Warsh could have major implications for interest rates in 2026 and, by extension, the Pennsylvania economy. Warsh officially became chairman of the Federal Reserve in May 2026 after being confirmed by the U.S. Senate to replace Jerome Powell. Reuters reported in May that several Federal Reserve policymakers…
The Pennsylvania Insurance Department today released a study on pharmacy benefits managers' activities across Pennsylvania's commercial, fully-insured insurance markets. In July 2024, Governor Josh Shapiro signed into law the Pharmacy Benefit Reform Act, a state law that expanded PID's authority over PBMs to increase fairness and transparency of…
Ashley Hinson in downtown Cedar Rapids, interrupting the congresswoman as she spoke about her efforts to ban members of Congress and congressional staff from using insider information to trade stocks and bet on prediction markets. The disruptions occurred inside the Veterans Memorial Building as Hinson addressed supporters alongside Republican Iowa…
Ashley Hinson in downtown Cedar Rapids, interrupting the congresswoman as she spoke about her efforts to ban members of Congress and staff from using insider information to trade stocks and bet on prediction markets. The disruptions occurred inside the Veterans Memorial Building as Hinson addressed supporters alongside Republican Iowa Secretary of…
State Farm is reimbursing nearly three-quarters of holders of personal auto insurance policies for 2022 model vehicles because a filing updating coverage for them included information it hadn't used before in Virginia. State Farm has about 16% of the market, insuring 8 million-plus cars and trucks in Virginia, and collects about $1.4 billion in premiums…
After absorbing tens of millions of dollars in recent claims, Yolo County’ s municipal insurance risk pool is overhauling how it charges members, shifting more costs onto agencies with a history of losses. But members of the Yolo County Public Agency Risk Management Insurance Authority that have paid out claims from the risk pool will see their costs increase…
The National Association for Veterans Rights today responded to the recent district court ruling in Ford v. Veterans Guardian, warning that the decision could significantly disrupt access to lawful assistance for Veterans navigating the VA disability claims process. The Court’ s decision also appears to contradict findings in a different case that has…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC. An offsetting balance sheet strength factor is the material exposure to the high financial system risk in Kazakhstan. In 2024, the company reported a return on equity of 57%,…
