The Iowa Senate voted 37-11 to approve a legislative package that will allow small business and associations in the state to band together to buy insurance through so-called association health plans
New York-based health insurance startup Oscar Health raised $165 million in a new round of funding
Car insurance company Root Insurance Co. closed a $51 million series C funding round led by Redpoint Ventures. Scale Venture Partners and existing partners Ribbit Capital and Silicon Valley Bank Capital Partners also participated in the funding round.
San Diego Superior Court Judge Katherine Bacal ruled that California Insurance Commissioner Dave Jones erred in ordering State Farm General Insurance Co. to lower homeowners and renters' insurance rates
Property Claim Services estimates insured losses
Syncora Holdings Ltd. reported non-GAAP operating income
Deal news/updates
Radian Group Inc. has acquired Entitle Direct Group Inc., a title insurance and settlement services company.
Bermuda-based Sompo International has closed the acquisition of Italian agriculture insurance specialty company A&A Srl.
Assurant Inc. closed its public offering
A new 100% quota-share agreement
Featured news
Japan's Takeda eyes bid for Shire; Roche's Hemlibra linked to 5 deaths: Japan's Takeda is considering a bid for Shire; and Roche informed two patient groups about the deaths of five patients using its hemophilia A drug Hemlibra.
Financial news in other parts of the world
Asia-Pacific: South Korea's ING Life draws interest; 2 Chinese firms post higher FY'17 results
Europe: More banks reveal UK gender pay gap; Deutsche Bank to sell certain Portugal ops
Middle East & Africa: Orange Bank eyes African expansion; South Africa a long way from S&P upgrade
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, the Hang Seng was down 2.34% to 30,070.29, and the Nikkei 225 was down 1.34% to 21,031.31.
In Europe, as of midday, the FTSE 100 was down 0.17% to 6,987.95, and the Euronext 100 had fallen 0.68% to 995.15.
On the macro front
The Bank Reserve Settlement report, the MBA mortgage applications report, the GDP report, the international trade in goods report, the pending home sales index, the EIA petroleum status report and the Farm prices report are due out today.
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