Hong Kong’s beleaguered Urban Renewal Authority (URA) has raised HK$8 billion (US$1.02 billion) by selling bonds to finance capital expenditure and new projects. The cash-strapped authority on Wednesday said it sold two tranches of bonds, one worth HK$5 billion with a five-year term and the other for HK$3 billion with a 10-year term. The coupon…
Shares of healthcare insurance company Molina Healthcare (NYSE:MOH) fell 7% in the afternoon session after President Donald Trump proposed a significant change to the Affordable Care Act (ACA), suggesting federal funds should go directly to people instead of health insurance companies. In social media posts, Trump called insurance companies “money sucking” and argued that people…
Hong Kong insurance companies and brokers from Wednesday are barred from paying excessive referral fees to unlicensed individuals, as the city’s insurance regulator bolsters efforts to curb misconduct and enhance customer protection. The city’s Insurance Authority has put a 50 per cent cap on commissions for referral fees in life insurance policies, a move that…
Hong Kong’s private telehealth services are lacking transparency and guidance, the city’s consumer watchdog has found, calling on authorities to offer detailed guidelines and for the industry to specify qualified service providers. The Consumer Council released findings on Tuesday of a study that reviewed problems with the city’s telemedicine services, which have gained traction since…
Joe Rogan didn’t hold back in a recent episode of his podcast when comedian Joe DeRosa joined him for a wide-ranging conversation that included the American healthcare system, specifically how insurance companies operate. Rogan told the story of former UFC and Bellator fighter Ben Askren, who at just 40 years old, needed a double lung…
By Arasu Kannagi Basil (Reuters) -Billionaire sports financier Todd Boehly-backed Accelerant was valued at $6.4 billion as its shares jumped 36% in their New York debut on Thursday, underscoring a strong investor appetite for insurance listings. The shares of the specialty insurance marketplace opened at $28.50 apiece, above the $21 offer price. In 2023, the…