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Jan 1, 2025 | 
science.org | Jingjun Lu |Yu Fukuda |John Lynch |Aditya Sheth |Gautam Pareek |Hailey Ross | +10 more
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Aug 15, 2024 | 
spglobal.com | Hailey Ross
US life insurers' second-quarter earnings season was relatively uneventful compared to past quarters, but the period was generally marked by higher year-over-year results and fresh news regarding strategic moves for certain companies. Many of the top publicly traded US life insurers saw an improvement in year-over-year earnings, a result in line with analyst expectations of a strong second quarter for the sector. Among the group, MetLife, Inc. saw considerable growth.
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Jul 11, 2024 | 
spglobal.com | Hailey Ross
Two US House committees passed measures July 10 that would inhibit the implementation of the Labor Department's controversial retirement security rule. The House Appropriations Committee passed the Fiscal Year 2025 Labor, Health and Human Services, Education, and Related Agencies Appropriations Act, which would bar the department from using funding made available by the act to "administer, implement or enforce" the fiduciary rule. The proposed legislation passed 31-25.
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Jul 8, 2024 | 
spglobal.com | Hailey Ross
latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/wash-regulator-calls-out-naic-decision-making-insurers-use-of-credit-scores-82242705 content esgSubNav Wash. regulator calls out NAIC decision-making, insurers' use of credit scores Washington Insurance Commissioner Mike Kreidler speaks before the National Association of Insurance Commissioners during one of its national meetings.
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Jun 26, 2024 | 
spglobal.com | Hailey Ross
Trupanion's incoming CEO welcomes competition as Nationwide drops pet policies A hairless cat named Forty stands atop a desk at US pet insurer Trupanion. The National Association of Insurance Commissioners recently separated reporting of the rapidly growing business line. Source: Trupanion ➤ The pet insurance space is extremely competitive, but Trupanion's incoming CEO insists this will boost consumer education around the business line.
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Jun 5, 2024 | 
spglobal.com | Hailey Ross
Senators brainstormed potential solutions to fix the exacerbating issues with affordability and availability of homeowners insurance with witnesses during a June 5 meeting of the Senate Budget Committee.
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May 3, 2024 | 
spglobal.com | Hailey Ross
Root shares rise, then fall after Q1 2024 earnings; Heritage's stock plummets Root Inc.'s stock initially rallied after the insurtech reported first-quarter earnings, but those gains evaporated as the week went on and the stock ending up being one of the worst performers. For the first time in its history as a public company, Root posted positive operating income. It also booked operating income of $5.4 million, up from an operating loss of $29.8 million in the year-ago period.
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May 1, 2024 | 
spglobal.com | Hailey Ross
US Labor Department head defends fiduciary rule at House hearing Acting Labor Secretary Julie Su testifies before the House Committee on Education & the Workforce in Washington, DC, on May 1, 2024. Source: Hailey Ross Acting Labor Secretary Julie Su defended her department's work in finalizing a fiduciary rule as she spoke before members of the House Committee on Education & the Workforce during a May 1 hearing.
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Apr 12, 2024 | 
spglobal.com | Hailey Ross
Globe Life Inc. shares had one of their biggest drops on record on Thursday after a report published by a short seller alleged that the life insurer and its subsidiary American Income Life Insurance Company extensively engaged in fraudulent practices. The Texas-based life insurer's stock plummeted over 50% in light of the claims by Fuzzy Panda Research.
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Mar 29, 2024 | 
spglobal.com | Hailey Ross
Investors unfazed by Chubb's Baltimore bridge link Chubb Ltd. shares have seen little movement this week despite areport that it is likely the lead provider of insurance on a major bridge that unexpectedly collapsed in the early morning hours of March 26. The 1.6-mile-long Francis Scott Key Bridge fell into the water after being struck by a container ship heading out of the Port of Baltimore that had lost control of its vessel.
