Senate Majority Leader Mitch McConnell, R-Ky., Saturday said he is willing to consider a bipartisan approach to continue cost-sharing reduction payments under the Affordable Care Act and prevent the destabilization of individual markets, according to The Associated Press.
Health insurers could cut their costs for providing nonemergency transportation for patients by using ride-sharing
Insurance companies are automating the auto or home insurance
Security National Financial Corp. declared financial statements for the years ended Dec. 31, 2014, 2015 and 2016 unreliable due to errors identified by the company's management.
GEICO Corp.'s growth rate in premiums written continued to rise during the second quarter as the company benefited from a sharp increase in new business.
To read a summary of earnings reported Aug. 4 by select insurance companies covered by S&P Global Market Intelligence, click here.
On earnings calls
In the insurance-linked securities market
In accounting developments
McConnell on insurer payments; Gilead, GSK considering United Therapeutics buy: Gilead Sciences Inc. and GlaxoSmithKline plc are among suitors weighing bids for biotechnology company United Therapeutics Corp., the Evening Standard reported, citing anonymous sources. According to the sources, United could be worth as much as $200 per share in a sale, making the purchase price around $8.7 billion.
Financial news in other parts of the world
Asia-Pacific: Mirae Asset Life merger gets nod; ex-China Development Bank exec imprisoned
Europe: UBI Banca swings to profit; Banco BPM sells unit; Goldman to sell Rothesay stake
Middle East & Africa: QNB weighing funding options; S&P changes Israel outlook, cuts DR Congo
The day ahead
Argo Group International Holdings Ltd., Atlas Financial Holdings Inc., Federated National Holding Co., National General Holdings Corp. and ProAssurance Corp. are also expected to report quarterly results today.
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng was up 0.46% to 27690.36. The Nikkei 225 rose 0.52% to 20,055.89.
In Europe as of midday, the FTSE 100 was up 0.14% to 7,522.26, and the Euronext 100 slid 0.04% to 1,011.71.
On the macro front
Gallup US consumer spending measure, the labor market conditions Index, the TD Ameritrade IMX and the consumer credit report are due out today.