Latest Insurance industry regulation News

Senate Democrats pass budget package, a victory for Biden

Aug. 07, 2022 18:48 PM EDT

WASHINGTON (AP) — Democrats pushed their election-year economic package to Senate passage Sunday, a hard-fought compromise less ambitious than President Joe Biden’s original domestic vision but one that still meets deep-rooted party goals of slowing global warming, moderating pharmaceutical...

Dems' climate, energy, tax bill clears initial Senate hurdle

Aug. 07, 2022 01:27 AM EDT

WASHINGTON (AP) — Democrats pushed their election-year economic bill toward Senate approval early Sunday, starting the sprawling collection of President Joe Biden’s priorities on climate, energy, health and taxes on a pathway that the party hopes will end in final congressional passage by the...

EXPLAINER: Why is insulin so expensive and difficult to cap?

Aug. 05, 2022 06:28 AM EDT

Washington (AP) — Reining in the soaring prices of insulin has thus far been elusive in Congress, although Democrats say they'll try again — as part of their economic package that focuses on health and climate. The price of the 100-year-old drug has more than tripled in the last...

Firm downgrades 3 insurers in Florida, adding to concerns

Aug. 03, 2022 12:46 PM EDT

TALLAHASSEE, Fla. (AP) — A ratings agency has withdrawn ratings for two insurance companies and downgraded a third firm in Florida, raising concerns for homeowners who could end up paying more for insurance and further muddying a troubled market. Demotech, which rates 40...

Florida plans to backup insurance companies facing downgrade

Jul. 28, 2022 14:55 PM EDT

TALLAHASSEE, Fla. (AP) — Florida has taken action to back up property insurance companies facing a downgraded rating in an effort to help thousands of homeowners comply with mortgage requirements rather than being forced to seek new policies. The state-created Citizens Property...

Editorial Roundup: Michigan

Jul. 25, 2022 07:17 AM EDT

Detroit News. July 20, 2022. Editorial: Give Line 5 tunnel project the green light After a regulatory commission punted on a decision to approve the Line 5 tunnel under the Straits of Mackinac earlier this month, a scheduling conference Thursday could shed some light...

FEMA report: Flood insurance hikes will drive 1M from market

Jul. 22, 2022 08:57 AM EDT

ST. LOUIS (AP) — When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation's flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it. But in a FEMA report obtained by The...

Editorial Roundup: United States

Jul. 20, 2022 14:14 PM EDT

Excerpts from recent editorials in the United States and abroad: July 15 The Washington Post on access to birth control after the SCOTUS ruling on abortion: The French company that has asked for permission to sell birth control pills over the counter in...

US health insurers raise rates to match increase in usage

Jul. 19, 2022 18:24 PM EDT

SACRAMENTO, California (AP) — After putting off routine health care for much of the pandemic, Americans are now returning to doctors' offices in big numbers — a trend that's starting to show up in higher insurance rates across the country. Health insurers in individual...

Schumer: Dems will push ahead on pared down economic measure

Jul. 19, 2022 18:16 PM EDT

WASHINGTON (AP) — Democrats will push ahead on restraining pharmaceutical prices and extending health insurance subsidies for millions of Americans, Senate Majority Leader Chuck Schumer affirmed Tuesday, backing President Joe Biden’s call for his party to settle for a pared-down economic...