President Donald Trump has discussed a bipartisan healthcare bill with Sen. Lamar Alexander, R-Tenn., that includes the cost-sharing reduction payments made under the Affordable Care Act
In Arkansas,
And in Pennsylvania,
The Center for Medicare and Medicaid Services reversed an earlier decision and notified the Montana
In a letter dated Oct. 13, the CMS granted a 12-month temporary extension for Kansas
Minnesota
Deals and potential transactions
Apollo Global Management LLC has agreed to acquire a majority stake in Catalina Holdings (Bermuda) Ltd. Affiliates of Apollo made an initial investment in Catalina in December 2013. Additionally, Catalina told The Insurance Insider that its existing backers, Caisse de dépôt et placement du Québec and Ontario Teachers' Pension Plan, would exit as part of Apollo's additional investment.
Catastrophe loss estimates
Aspen Insurance Holdings Ltd. expects about $310 million in pretax losses, net of reinsurance and reinstatement premiums, related to hurricanes Harvey, Irma and Maria.
Insurance claims resulting from Hurricane Irma
Some of the largest health insurers are likely to see their earnings
UnitedHealth Group Inc. posted third-quarter earnings from operations of $4.09 billion, up from $3.58 billion in the year-ago quarter. The company also raised its outlook for 2017 GAAP net earnings to reach $9.45 per share from the earlier forecast of $9.20 per share to $9.35 per share.
Brown & Brown Inc. reported third-quarter organic revenue growth of 3.4%, up from the previous quarter's rate of 1.6%.
Independence Holding Co. board voted to increase the cash dividend
Rockhill Insurance Co. will not write new or renewal excess and surplus lines property accounts after Nov. 1, The Insurance Insider reported. The decision follows State Auto Insurance Group's announcement that it is considering various options for its excess and surplus lines business. Rockhill is an affiliate of State Auto.
Kansas Insurance Commissioner Ken Selzer approved National Council on Compensation Insurance Inc.'s workers' compensation
Featured news
Johnson and Johnson Q3 earnings rise; Trump wants short-term healthcare fix: Johnson & Johnson booked third-quarter adjusted net earnings of $5.21 billion, or $1.90 per share, up 11.2% from $4.68 billion, or $1.68 per share, a year earlier. The company also increased its adjusted earnings guidance for 2017 to a range of $7.25 to $7.30 per share.
Financial news in other parts of the world
Asia-Pacific: China cracks down on financial fraud; IOOF to buy ANZ's wealth biz
Europe: Credit Suisse breakup bid; May dines with Juncker; Spanish banks suffer anew
Middle East & Africa: Mashreqbank, UBA 9-month profits rise YOY; Fitch acts on Kuwaiti lenders
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, the Hang Seng climbed 0.02% to 28,697.49, while the Nikkei 225 rose 0.38% to 21,336.12.
In Europe, around midday, the FTSE 100 rose 0.18% to 7,540.74 and the Euronext 100 gained 0.06% to 1,050.03.
On the macro front
The import and export prices report, the Redbook, the industrial production report, the housing market index, the Treasury budget and the Treasury International Capital report are due out today.