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Warner pitches health care expansion as he preps for swan song
Democratic Sen. Mark Warner of Virginia is leaning into a major expansion of U.S. health insurance coverage as he prepares for what’s likely to be his final term in office, in contrast to his earlier years on Capitol Hill marked by a more centrist approach to health care. With health coverage for airport workers being […]
Small businesses face tough choices as health insurance costs rise
Some businesses are exploring choice arrangements, which allow employers to set a defined benefit amount rather than selecting one carrier and set of plans for all employees.
Small businesses face tough choices as health insurance costs rise
Some businesses are exploring choice arrangements, which allow employers to set a defined benefit amount rather than selecting one carrier and set of plans for all employees.
Health insurance costs continue to climb in Nevada, with 17% increase for 2027
Health insurance rates across all carriers in Nevada’s state exchange are set to increase by an average of 17% for the 2027 plan year starting November 1.
Task force ditches Wyoming-run health insurance plan idea, mulls unorthodox service models
Legislature-assigned panel studying healthcare affordability in Wyoming examines several alternative pricing structures. The task force hopes to continue work next year.
Opinion | Shaul: Missouri Employers Need More Choices to Control Health Care Costs
For Missouri grocers, the rising cost of health care isn't an abstract policy debate. It's a cost they deal with every month as they work to provide health insurance for their employees and their families.
Marylanders can compare 2027 health insurance plans online as open enrollment nears
Marylanders can compare 2027 health plans and prices online starting Wednesday.
Covering the Cost: The cost of health insurance plans and Medicare
Annalisa Burgos talks with health insurance and Medicare expert Martha Khlopin, about what you need to know when enrolling in a health plan and shifting from employer-paid insurance to Medicare.
Builders Insurance Group commits $500K to modernize App State Brantley Risk and Insurance Center
Builders Insurance Group, under the leadership of Todd Campbell ’87, has made a $500,000 commitment to App State’s Walker College of Business, supporting the relocation and modernization of the Brantley Risk and Insurance Center. The relocation will help facilitate student connections with peers and industry partners, positioning them for career success.
She got Trump's $500 check for health insurance. To her, it's a 'political stunt'
As checks from President Trump for health costs hit millions of mailboxes, a poll shows Americans don't trust Republicans on healthcare. Experts doubt it will move the needle and say it is likely illegal.
She got Trump's $500 check for health insurance. To her, it's a 'political stunt'
As checks from President Trump for health costs hit millions of mailboxes, a poll shows Americans don't trust Republicans on healthcare. Experts doubt it will move the needle and say it is likely illegal.
She got Trump's $500 check for health insurance. To her, it's a 'political stunt'
As checks from President Trump for health costs hit millions of mailboxes, a poll shows Americans don't trust Republicans on healthcare. Experts doubt it will move the needle and say it is likely illegal.
Dual North America names head of earthquake
Howden-owned Dual North America on Wednesday named Stephanie Calmeyn executive vice president, head of earthquake, succeeding Ian Fitt, who plans to retire at the end of the year.
Former Vernon business owner pleads guilty in $1.3M healthcare fraud case
Former Vernon business owner Jacqueline Pelphrey pleaded guilty to healthcare fraud, admitting nearly $1.3 million in losses from false insurance claims.
Aviva launches US specialty business
Aviva on Wednesday launched Aviva Specialty, its U.S. specialty insurance platform, based in New York.
Growing military cargo volumes raise commercial supply chain risks
Rising volumes of military cargo moving through freight forwarders, road haulers, port operators and shipping lines are creating complex safety, security, regulatory and political risks across…
B.P. Marsh takes 30% of marine underwriting startup
British private equity firm B.P. Marsh and Partners plc has acquired a 30% stake in newly formed London Market underwriting agency Dauntless U/W Ltd., Reinsurance News reported.
Multinationals eye higher risk spending to combat multiple threats
More than two-thirds of multinational companies worldwide expect to increase risk management spending over the next 12 months, yet many doubt their ability to manage increasingly interconnected risks…
Reliance Partners signs on as Gold-Level Partner of John "Art" Phillips Sales Institute - Gary W. Rollins College of Business
Reliance Partners, a national transportation insurance brokerage founded in Chattanooga, has joined UTC's John "Art" Phillips Sales Institute as a gold level corporate partner.
Insurance leaders in Rochester highlight common business coverage gaps
Rochester insurance leaders discuss common business coverage gaps and emerging risks like cyber threats and AI to help companies protect evolving operations.
Ohio’s largest school district faces health cost hike
Teachers and administrators will pay 8% more for health insurance next year, while classified staff will pay 10% more.
‘Medicare for All’ Message Attracts Voters Buckling Under Medical Bills
The idea of scrapping the U.S. health insurance system for a massive expansion of government-funded healthcare isn’t new. But voters hit by ballooning private health insurance costs are rallying behind midterm candidates calling for universal coverage.
Big premium hikes possible for retirees in Nevada worker health insurance program
Active employees will also likely experience premium hikes if their plan includes a spouse or their family. Active workers who are the only members of their plan will likely see modest premium decreases.
Columbus teachers warn health insurance costs could actually shrink their paychecks
Columbus City Schools teachers packed Tuesday night’s Board of Education meeting, demanding answers about rising health insurance costs and accusing district le
Nevada's health insurance rates projected to rise 17%
(The Center Square) - Health insurance rates through Nevada’s public Health Link program are set to rise 17% in 2027. The increase comes after a state Division of Insurance's reluctant approval of a r...
Former Connecticut woman pleads guilty after defrauding health insurance programs of nearly $1.3M
HARTFORD, Conn. (WTNH) — A former Connecticut business owner waived her right to be indicted and pleaded guilty to health care fraud, the U.S. Attorney for the District of Connecticut said. A…
Pingree holds double-digit lead as voters back public option for health insurance
Democratic gubernatorial candidate Hannah Pingree holds a double-digit lead over Republican Bobby Charles, while one of her signature health care proposals is even more popular with likely Maine voters, according to a new poll released Tuesday. The survey, conducted by the Maine People’s Resource Center and released by the Maine People’s Alliance (of which Beacon
AmTrust launches treaty property reinsurance unit
AmTrust Financial Services on Tuesday launched East Reinsurance Services, a treaty property reinsurance operation focused on U.S. property and specialty business.
What a way to reject a lawsuit
The company managing Dolly Parton’s estate alleges the late singer’s nephew, Bryan Seaver, used barbed wire and yellow caution tape to help keep a process server at bay, according to Rolling Stone.
Research suggests women living in states with abortion bans bear higher health insurance costs
New preliminary research from the University of Michigan shows women living in states with post-Dobbs abortion bans may be more likely to shoulder costs for employer-sponsored health insurance premiums, with federal data reflecting a 5.4% increase in annual premium expenditures for those women after 2022, when most abortion bans went into effect.
Most Americans support switch to Medicare for all health insurance
NEW YORK >> Most Americans now favor government-paid health insurance for all, according to a new poll, as voters across party lines see major healthcare reforms as a priority less than a month before midterm elections to decide control of Congress.
Nevada Health Link trains insurance brokers ahead of open enrollment
Event comes ahead of Nov. 1 start of 2027 Open Enrollment Period
Idaho finalizes 2027 premium rates for individual and small-group health plans
The Idaho Department of Insurance finalized 2027 premium rates for individual and small group health insurance plans.According to a recent news release, premium
Starbucks sued over ‘sugar-free’ claims for protein beverages
Starbucks has been sued by consumers who said the coffee chain falsely advertised eight protein beverages as “sugar-free” because they contain lactose, a naturally occurring sugar in milk.
Health Alert – U.S. Embassy Moscow, Russia (October 6, 2026)
Health Alert – U.S. Embassy Moscow, Russia (October 5, 2026) Location: Irkutsk, Russia Event: The U.S. Embassy is aware of press reports from the Irkutsk region of suspected pneumonic plague resulting in the death of an individual and of associated quarantine measures in, and closures of, hospitals in Irkutsk. We continue to track the situation closely. The U.S. government has limited ability to help U.S. citizens in Russia, especially outside of Moscow. U.S. government personnel may face additional restrictions for personal and official travel to specific regions due to health and security concerns. The State Department’s Level 4 Travel Advisory (Do Not Travel) for Russia remains in place and states U.S. citizens currently in Russia should depart immediately. U.S. citizens planning travel to Russia are again strongly advised not to travel to Russia due to risk of wrongful detention and security concerns. Actions to Take: S. citizens in the area should follow the guidance of local health authorities, avoid affected facilities, and seek medical care promptly if they develop fever or respiratory symptoms. Visit the CDC Page on Plague for additional information about the disease. Visit the CDC Travelers’ Health Page for Russia for country-specific health updates. Monitor your health for 14 days following travel if you traveled to an area experiencing the outbreak. Review the S. Embassy country page for general health information. Refer to the Embassy’s list of medical providers. Check with your travel insurance provider about medical evacuation options should you fall ill while overseas. Have a plan to depart in an emergency that does not depend on U.S. government help. Monitor local media for updates. Be prepared to adjust your plans. Enroll in the Smart Traveler Enrollment Program(STEP) to receive health and security updates. Assistance: U.S. Embassy Moscow, Russia +7 495 728-5577 MoscowACS@state.gov U.S. Embassy Moscow web page State Department – Consular Affairs (+001) 888-407-4747 or (+001) 202-501-4444 Russia Country Information Follow us on Facebook and Twitter State Department – Consular Affairs 1-888-407-4747 or 1-202-501-4444
Broker facilities expand as technology, alternative capital reshape placements
Broker facilities that automatically or rapidly provide following capacity are expanding as brokers seek to speed placements, use data to package portfolios of risks and tap additional sources of…
Moody’s changes Nationwide’s P&C business outlook to “positive”
Moody’s Ratings announced today that it has changed its outlook for Nationwide’s P&C business to “positive” from “stable.” The global ratings agency also affirmed its A1 rating for Nationwide’s financial services (NFS) business, and A2 rating for Nationwide Mutual Insurance Company and Nationwide’s P&C affiliates. “Moody’s p...
Most Americans support switch to Medicare for all health insurance
Medicare is the US government program that provides health coverage to about 70 million people aged 65 and older or with disabilities.
Beazley and Zurich Global Specialty Names New CEO
Kristof Terryn has been appointed as chief executive of Beazley and Zurich Global Specialty following Switzerland-based Zurich Insurance Group AG’s acquisition of British firm Beazley plc…
Federal Employees Face 10.9% Increase in Health Premiums as Open Season Dates Announced
Federal employees will pay higher prices for health insurance in 2027. On average, federal employees enrolled in the Federal Employees Health Benefits Program (FEHB) will pay 10.9 percent more toward their premiums in 2027, marking the third straight year of double-digit increases in the employe
Bluevine and Coverdash Partner to Embed Business Insurance for Small Businesses - ProgramBusiness
Bluevine and Coverdash have partnered to bring commercial insurance directly into Bluevine’s small business banking platform.
Amwins launches MGA for complex liability risks
Amwins on Tuesday launched illumin Specialty, a managing general agency offering primary general liability and excess liability coverage for complex risks.
Bluevine adds Coverdash business insurance to banking platform
Jersey City-based Bluevine has added Coverdash-powered commercial insurance options to its digital banking platform for small businesses.
Patient Dies By Suicide After 'Insurance Issue' Delayed Medicine For Lung Disease Flare-Ups
By Lauren Sausser and KFF Health News HealthDay ReportersTUESDAY, Oct. 6, 2026 (HealthDay News) — Kenney Blewett was diagnosed with lung disease more than a decade ago but started experiencing flare-ups this year that made him feel like he couldn’t breathe. Blewett, of Kyle, Texas, described those ...
Most Americans support switch to Medicare for all health insurance
Most Americans now favor government-paid health insurance for all, according to a new poll, as voters across party lines see major healthcare reforms as a priority less than a month before midterm elections to decide control of the US Congress.
Climate Science Under Political Attack Reaches US Supreme Court
In 2018, local officials in Colorado sued oil companies in state court, charging that pollution from fossil fuels contributed to global warming and harmed
Las Vegas business owner pleaded guilty to orchestrating fake robbery at repair shop
A Las Vegas cell phone repair shop owner pleaded guilty to mail fraud after staging a fake armed robbery to collect over $88,000 from insurance.
Idaho health care providers struggling to afford health insurance
Idaho health care providers struggle with rising health insurance premiums, forcing some to forgo coverage and pay out-of-pocket expenses.
Doctors, insurers sue Newsom over health insurance premium increases
Doctors and health insurers have filed suit alleging Gov. Gavin Newsom and the California Legislature violated the law when they approved a healthcare tax that could substantially increase insurance premiums.
Doctors, insurers sue Newsom over health insurance premium increases
Doctors and health insurers have filed suit alleging Gov. Gavin Newsom and the California Legislature violated the law when they approved a healthcare tax that could substantially increase insurance premiums.
Doctors, insurers sue Newsom over health insurance premium increases
Doctors and health insurers have filed suit alleging Gov. Gavin Newsom and the California Legislature violated the law when they approved a healthcare tax that could substantially increase insurance premiums
Broker consolidation shifts from dealmaking to integration
Years of rapid consolidation in the insurance brokerage sector are giving way to a greater focus on integrating acquired firms and on finding sources of organic growth in a softening market…
Doctors, Insurers Sue Newsom over Health Insurance Premium Increases
In June, lawmakers passed a healthcare tax that could increase premiums in order to combat federal Medicaid cuts.
State leaders detail plans to support HUSKY Health D recipients ahead of new rules
State leaders shared plans today to support people who get their health insurance through HUSKY Health before new rules start next year.
Intact hires former Allianz Commercial risk consulting exec
Rahul Khanna, formerly with Allianz Commercial, has been named global head of risk consulting at Intact Insurance.
Beazley and Zurich Global Specialty Names New CEO
Kristof Terryn has been appointed as chief executive of Beazley and Zurich Global Specialty following Switzerland-based Zurich Insurance Group AG’s acquisition of British firm Beazley plc…
Bluevine and Coverdash Partner to Bring Embedded Business Insurance to Small Businesses
/PRNewswire/ -- Bluevine, the largest small business banking platform in the US* and Coverdash, a leading embedded business insurance provider powering...
Why your health insurance problem might not be over when you turn 65
Couples with an age gap have an extra consideration: How to continue coverage for the younger spouse who’s not yet eligible for Medicare.
October 2026: Open Enrollment Starts Today
The 2027 insurance open enrollment is October 5-30, 2026. Changes made during this period will take effect January 1, 2027.
25 Years of Business Income Insurance Coverage Claims Since the Attacks of Sept. 11, 2001
The 9/11 attacks reshaped business income insurance, spurring decades of litigation over loss calculations, restoration periods, expert evidence, and terrorism coverage. These disputes continue to influence claims and policyholder protections after major catastrophes.
Minnesota health insurance premiums set to soar 17% next year
Minnesota health insurance rates will rise 17% in 2027 as hospital consolidation drives up medical costs.
CT offers $1,200 health insurance subsidy to child care workers
About 18% of the 31,000 working early childhood educators in Connecticut are uninsured, according to a 2026 study.
CT offers $1,200 health insurance subsidy to child care workers
About 18% of the 31,000 working early childhood educators in Connecticut are uninsured, according to a 2026 study.
Hospital and pharmaceutical prices are smothering America’s businesses
Workers and employers are drowning in their health insurance premiums. The reason for that deluge: the health care industry’s high and inscrutable prices.
Amid Soaring Costs, Health Benefits Brokers Seek New Strategies
Affordability challenges are transforming the health benefits market, requiring brokers, carriers, and employers to make difficult decisions. In 2000,
Doctors, Insurers Sue Newsom Over Health Insurance Premium Increases
The California Medical Association and California Association of Health Plans say in a new lawsuit that a healthcare tax violates Proposition 35, passed by voters in 2024.
Doctors, insurers sue Newsom over health insurance premium increases
The California Medical Association and California Association of Health Plans say the tax violates Proposition 35, passed by voters in 2024.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
I’m 55 and serious health issues run in my family. Should I get long-term care insurance, or is it just a scam?
It sometimes gets a bad reputation, but experts believe long-term care insurance can be worth buying.
Insurance Reform Is the Bipartisan Opportunity Washington Should Seize
Both parties in Congress are advancing legislation that would improve health-care transparency.
In Austin and beyond, nonprofit groups help musicians pay for health insurance
AUSTIN, Texas — Musician Zack Morgan jokes that when he lost his corporate job in 2015, it was like being pushed off a cliff. For years, he said, he’d been
Broward Health Offers Low-Cost and Free Mammograms Throughout October for Breast Cancer Awareness Month
MammoThon 2026 and “Beating Cancer Together” initiatives aim to remove cost as a barrier to early breast cancer detection for Broward County women Broward Health is marking Breast Cancer Awareness Month throughout October by hosting two community initiatives designed to make life-saving breast cancer screenings accessible to women regardless of insurance status or income. From October 1-31, the health system […]
Doctors, insurers sue Newsom over health insurance premium increases
In June, lawmakers passed a healthcare tax that could increase premiums in order to combat federal Medicaid cuts. A new lawsuit says that tax violates Proposition 35, passed by voters in 2024.
Commentary: Universal public health insurance is the answer
Employer-sponsored health insurance is rapidly deteriorating. In 2027, premiums are expected to see their largest single-year increase in two decades, jumping 11% and closing in on a nearly five-fold increase
Missoula Public Health offers free mammograms Oct. 14
Women in Missoula have an opportunity to get a free mammogram this month, regardless of whether they have health insurance.Missoula Public Health says women age
WINK News to host Medicare Help Center as 50,000 Lee Health patients face insurance changes
WINK Investigates is hosting a special event to help answer pressing questions from the community.
Doctors, insurers sue Newsom over health insurance premium increases
Doctors and health insurers filed a lawsuit Friday alleging Gov. Gavin Newsom and the Legislature violated the law when they approved a healthcare tax that could substantially increase insurance premiums for Californians.
Las Vegas business owner pleads guilty to faking armed robbery for insurance
A Las Vegas business owner has agreed to plead guilty to a mail fraud charge after faking an armed robbery in order to collect the insurance money.
UCA trustees approve 12% health insurance premium hike for employees
CONWAY -- University of Central Arkansas employees are set to see their health insurance premiums jump 12% after the university's Board of Trustees unanimously approved the increase Friday morning.
Doctors, insurers sue Newsom over health insurance premium increases
California lawmakers passed a healthcare tax in June that could increase premiums by $100 annually, but groups representing doctors and insurers say it violates the law.
US states challenge Corteva spinoff as bid to evade PFAS liabilities
Fifteen US states sued agrichemicals company Corteva on Thursday, alleging that the spinoff of its seed and genetics business into Vylor was designed to shield the company’s best assets from tens of…
Rising costs, health insurance, abortion: The issues driving Michigan’s Senate election
A look at policy proposals from Democratic nominee Abdul El-Sayed and Republican nominee Mike Rogers.
Summit County Health Department to host free drive-thru vaccine clinics
The clinics will offer flu and COVID-19 vaccines to anyone, regardless of insurance status. No appointment is necessary, and residents can stay in their vehicles while they receive their vaccines.
Your health insurance premiums may take a big jump in 2027
Many consumers are likely on the hook for an increase of about 10% or more in 2027, experts said.
Analysis-Vance's fraud crackdown may raise costs for US health insurers, enrollees
NEW YORK, Oct 2 (Reuters) - A crackdown on Obamacare health insurance could raise prices for US consumers and insurers by removing healthy, low-cost enrollees, adding pressure to a shrinking marketplace.
Vance's fraud crackdown may raise costs for US health insurers, enrollees
A crackdown on Obamacare health insurance could raise prices for US consumers and insurers by removing healthy, low-cost enrollees, adding pressure to a shrinking marketplace.
Hormuz as a Multiplayer Game: From Chokepoint Control to the Politics of Access
Transit fees, Hormuz Safe insurance, and a new strait authority: how the Iran war turned Hormuz from a chokepoint into a contest over access.
Everest sells its Canadian retail operation
Bermudian firm Everest Group Ltd. has completed the sale of its Canadian retail insurance business to Winnipeg-based The Wawanesa Mutual Insurance Company, The Royal Gazette reported.
Double-digit health insurance increases will hit individual and small group plans in 2027, again
Hundreds of thousands of Minnesotans are facing significantly more expensive health insurance next year.
Double-digit health insurance increases will hit individual and small group plans in 2027, again
Hundreds of thousands of Minnesotans are facing significantly more expensive health insurance next year.
Coastal forces shape building sciences practice
When Built Environments relocated to Wilmington, the firm’s partners weren’t looking for the lazy tranquility one hopes for when on vacation. Instead, they sought sultry heat. They wanted to understand whipping coastal winds and punishing precipitation – the kind that tropical storms produce. That’s because how materials degrade can reveal a lot about how they can be improved. “We specifically chose the Wilmington market because it does fall within Climate Zone 3A, which is a coastal warm-humid climate,” said Jarrett Davis, who joined Built Environments in 2023 to lead the company’s building science practice. “There’s not a lot of product research in that climate zone, but there are a lot of structures here that get weatherized pretty severely.” Built Environments has provided building science, material testing and code compliance consulting for 25 years, ever since principal materials scientist Steve Doggett founded the company in Minnesota. “There are very few manufacturers that understand fully how their own materials and products work, whereas we know their shortfalls and their benefits out in the real world on jobsites,” Doggett said. “That’s why the original Built Environments was formed, to make buildings better.” He said the 15-employee company is just as comfortable on a jobsite, retrofitting a high-end beachside property, for example, as it is recreating some of the coast’s most intense weather conditions in the great indoors. The company operates an A2LA-accredited ISO/IEC 17025 mechanical testing laboratory on Wright Street. The year-old facility has expanded Built Environments’ in-house capabilities, Doggett said. “We’re able to simulate that hurricane wind (and) rain and perform structural and impact testing on wall assemblies, roof assemblies and glazing assemblies,” he said. “There are certain requirements that those windows and doors need to meet as far as wind ratings and pressure ratings and things of that nature.” Standard Glass Co.-Glass Depots, of Wilmington, is currently testing a new glazing system using Built Environments’ stress testing, the partners said. One method involves what’s called a “large missile cannon.” “We take 8-foot two-by-fours, and we shoot them at assemblies, so they have to withstand that impact,” Davis said. “It’s pretty cool to see, I’m not going to lie.” In many cases, the lab can run a full, wall-scale test of a product in a matter of weeks or months, whereas “it might take midrange manufacturers years,” Doggett said. “We’re nimble. We can cut that time in half.” The lab also develops intellectual property. Doggett, for example, shares a patent with Sustant LLC, of Minnesota, on a fastener patch to increase the air and water tightness within building envelopes. “We have too many ideas and not enough time,” he said. But the partners noted that they or their fellow principals – of which the company has four total, including a principal engineer and a principal codes and standards expert – could be anywhere on a given day, including in the courtroom providing expert testimony in contentious insurance cases. “Let’s say there is a fire on a structure,” Davis said. “We can analyze all the specific materials within that assembly – an exterior wall or something like that – because there are loads that require certain heat release. And so, we can measure each one of those materials, if need be, to say if this was likely or not a code-approved assembly.” Despite what can be inferred in a lab, the partners said nothing beats learning from how materials change over time under real-world strain. Take, for instance, the curious case of the creaking condo. “We recently had a customer that came to us trying to assess a sound issue of a roof. It was making noises that no one could explain or account for. How do you tackle something like that?” Doggett asked rhetorically. “There’s really no generally agreed-upon methodologies.” The problem turned out to be a faulty installation of a commercial roof system. “The building in this particular case was not local,” he said. “In the initial installation, the commercial roofing contractor installed the wrong fasteners in the wrong locations into the deck, and essentially the solar radiation was causing the building to move quite substantially early in the morning when the sun initially hit that assembly after a quite cool evening, causing the threads on the fasteners to kind of jump within the material, within the metal.” Built Environments designed an effective repair methodology that was within budget, the partners said. “We get the bizarre,” Doggett said. “I will say that’s something that has stayed the same over 25 years.” The partners said they are hiring, and that Cape Fear Community College is one of their main recruiting grounds. Davis and Doggett look for talented people who can understand traditional methodologies yet are open to on-the-job training and new understandings, they said. After all, it’s not just weather that can ruin a building. “My favorite saying is,” Davis said, “‘What are the eight most expensive words in construction? That’s how my daddy used to do it.’”
Coastal forces shape building sciences practice
When Built Environments relocated to Wilmington, the firm’s partners weren’t looking for the lazy tranquility one hopes for when on vacation. Instead, they sought sultry heat. They wanted to understand whipping coastal winds and punishing precipitation – the kind that tropical storms produce. That’s because how materials degrade can reveal a lot about how they can be improved. “We specifically chose the Wilmington market because it does fall within Climate Zone 3A, which is a coastal warm-humid climate,” said Jarrett Davis, who joined Built Environments in 2023 to lead the company’s building science practice. “There’s not a lot of product research in that climate zone, but there are a lot of structures here that get weatherized pretty severely.” Built Environments has provided building science, material testing and code compliance consulting for 25 years, ever since principal materials scientist Steve Doggett founded the company in Minnesota. “There are very few manufacturers that understand fully how their own materials and products work, whereas we know their shortfalls and their benefits out in the real world on jobsites,” Doggett said. “That’s why the original Built Environments was formed, to make buildings better.” He said the 15-employee company is just as comfortable on a jobsite, retrofitting a high-end beachside property, for example, as it is recreating some of the coast’s most intense weather conditions in the great indoors. The company operates an A2LA-accredited ISO/IEC 17025 mechanical testing laboratory on Wright Street. The year-old facility has expanded Built Environments’ in-house capabilities, Doggett said. “We’re able to simulate that hurricane wind (and) rain and perform structural and impact testing on wall assemblies, roof assemblies and glazing assemblies,” he said. “There are certain requirements that those windows and doors need to meet as far as wind ratings and pressure ratings and things of that nature.” Standard Glass Co.-Glass Depots, of Wilmington, is currently testing a new glazing system using Built Environments’ stress testing, the partners said. One method involves what’s called a “large missile cannon.” “We take 8-foot two-by-fours, and we shoot them at assemblies, so they have to withstand that impact,” Davis said. “It’s pretty cool to see, I’m not going to lie.” In many cases, the lab can run a full, wall-scale test of a product in a matter of weeks or months, whereas “it might take midrange manufacturers years,” Doggett said. “We’re nimble. We can cut that time in half.” The lab also develops intellectual property. Doggett, for example, shares a patent with Sustant LLC, of Minnesota, on a fastener patch to increase the air and water tightness within building envelopes. “We have too many ideas and not enough time,” he said. But the partners noted that they or their fellow principals – of which the company has four total, including a principal engineer and a principal codes and standards expert – could be anywhere on a given day, including in the courtroom providing expert testimony in contentious insurance cases. “Let’s say there is a fire on a structure,” Davis said. “We can analyze all the specific materials within that assembly – an exterior wall or something like that – because there are loads that require certain heat release. And so, we can measure each one of those materials, if need be, to say if this was likely or not a code-approved assembly.” Despite what can be inferred in a lab, the partners said nothing beats learning from how materials change over time under real-world strain. Take, for instance, the curious case of the creaking condo. “We recently had a customer that came to us trying to assess a sound issue of a roof. It was making noises that no one could explain or account for. How do you tackle something like that?” Doggett asked rhetorically. “There’s really no generally agreed-upon methodologies.” The problem turned out to be a faulty installation of a commercial roof system. “The building in this particular case was not local,” he said. “In the initial installation, the commercial roofing contractor installed the wrong fasteners in the wrong locations into the deck, and essentially the solar radiation was causing the building to move quite substantially early in the morning when the sun initially hit that assembly after a quite cool evening, causing the threads on the fasteners to kind of jump within the material, within the metal.” Built Environments designed an effective repair methodology that was within budget, the partners said. “We get the bizarre,” Doggett said. “I will say that’s something that has stayed the same over 25 years.” The partners said they are hiring, and that Cape Fear Community College is one of their main recruiting grounds. Davis and Doggett look for talented people who can understand traditional methodologies yet are open to on-the-job training and new understandings, they said. After all, it’s not just weather that can ruin a building. “My favorite saying is,” Davis said, “‘What are the eight most expensive words in construction? That’s how my daddy used to do it.’”
The Business Cost of Failing to Anticipate Climate Risk
Rising climate risks in Mexico mean businesses should use data analytics and preventive insurance for continuity, writes Joaquin Barreiro.
Wisconsin governor candidates offer opposing plans to address rising healthcare costs
Health insurance was the third highest ranking issue among voters, and outranked data centers, abortion, schools or crime.
Patient Dies by Suicide After ‘Insurance Issue’ Delayed Medicine for Lung Disease Flare-Ups
Hours after experiencing a flare-up related to chronic obstructive pulmonary disease, Kenney Blewett of Kyle, Texas, died by suicide in June. A medication his doctor prescribed days earlier to ease his breathing problems hadn’t been filled due to an “insurance issue,” his pharmacy explained via email.
Grand Old Populists: GOP lawmakers target big business
It’s a major risk for big financial services firms, health insurance companies and tech titans, which are the subjects of the hottest rhetoric.