Systemic financial risk arising from residential flood losses - Thomson H, Zeff HB, Kleiman R, Sebastian A, Characklis GW.
Direct damage from flooding at residential properties has typically been categorized as insured, with liabilities accruing to insurers, or uninsured, with costs accruing to property owners. However, residential flooding can also expose lenders and local go... (Source: SafetyLit)
Source: SafetyLit - May 10, 2023 Category: International Medicine & Public Health Tags: Disaster Preparedness Source Type: news
When it comes to de novos, the Fed's rhetoric doesn't match its actions
The member of the Federal Reserve Board representing community banks, Gov. Michelle W. Bowman, recently gave a urging the Fed to encourage the formation of de novo banks by "right-sizing regulatory requirements, improving transparency, and supporting regulatory approaches that support new banks."…#federalreserveboard #michellewbowman #custodiabank #custodia #denovocommunitybank #camels #katiecox #wyoming #uninsured #connecticut (Source: Reuters: Health)
Source: Reuters: Health - May 9, 2023 Category: Consumer Health News Source Type: news
Why Rural Hospitals Are Closing
It is true, as Hayden Dublois writes, that “Medicaid Expansion Won’t Stop Rural Hospital Closures” (Cross Country, April 29), but that is because losses on uninsured patients aren’t the primary reason that rural hospitals are closing. Small rural hospitals are closing their doors—in both states…#haydendublois #crosscountry #medicaid #medicareadvantage (Source: Reuters: Health)
Source: Reuters: Health - May 6, 2023 Category: Consumer Health News Source Type: news
What Will Happen When the U.S. Stops Tracking COVID-19 Data Like it Used To
COVID-19 has caused a public health crisis unlike any other in recent memory, but three years into the pandemic, there are signs that governments and public health authorities are ready to start putting the urgency of the threat in the past. On May 5, the World Health Organization (WHO) declared that COVID-19 is no longer a “public health emergency of international concern,” and is now “an established and ongoing health issue.” The WHO based its decision on decreasing deaths and hospitalizations from COVID-19 globally, as well as growing immunity against SARS-CoV-2 from both vaccines and infections....
Source: TIME: Health - May 5, 2023 Category: Consumer Health News Authors: Alice Park Tags: Uncategorized COVID-19 healthscienceclimate Source Type: news
A Community Is Enabled Through the Reuse of Walkers, Wheelchairs and More
Describes a project at the University of Kentucky Center of Excellence in Rural Health to address accessibility needs of the disabled Kentuckians. The program uses service-learning with physical therapy students and high school students to refurbish medical equipment and toys for the uninsured, underinsured, and other underserved populations. Success from the program led to additional funding streams and the ability to expand the program to include training, education, demonstrations, and more. (Source: News stories via the Rural Assistance Center)
Source: News stories via the Rural Assistance Center - May 3, 2023 Category: Rural Health Source Type: news
Half of America ’s banks are potentially insolvent
The US Treasury and the Federal Deposit Insurance Corporation (FDIC) thought they had stemmed the crisis by bailing out uninsured depositors of Silicon Valley Bank and Signature Bank with a “systemic risk exemption” after these lenders collapsed in March. The White House baulked at a blanket…#ustreasury #fdic #firstrepublicbank #firstrepublic #krishnaguha #pacwest #treasury #bearstearns (Source: Reuters: Health)
Source: Reuters: Health - May 2, 2023 Category: Consumer Health News Source Type: news
How First Republic ended up as the second-largest bank takeover in history after Washington Mutual
A quick rise in interest rates, a large amount of uninsured deposits and a first-quarter update that revealed further weaknesses in its business all contributed to the demise of First Republic Bank, now the second-largest bank blowup since Washington Mutual. As of Dec. 31, First Republic FRC was…#firstrepublicbank #washingtonmutual #firstrepublicfrc #federalreserve (Source: Reuters: Health)
Source: Reuters: Health - May 1, 2023 Category: Consumer Health News Source Type: news
Should uninsured deposits get a warning label?
In the wake of bank collapses, some have called for the F.D.I.C. to guarantee all deposits. But there may be a more strategic solution. How do we avoid the next run on a bank? If there has been a lesson in the recent spate of bank failures, it is that deposit flight can now happen quickly. It no…#fdic #federalreserve #siliconvalleybank #firstrepublicbank #jpmorganchase #pnc #firstrepublic #alphasense #334 #nonerogerspenske (Source: Reuters: Health)
Source: Reuters: Health - April 29, 2023 Category: Consumer Health News Source Type: news
Fed Slams Its Own Oversight of Silicon Valley Bank in Post-Mortem
The Federal Reserve faulted its oversight of Silicon Valley Bank, saying it failed to take forceful enough action to prevent its collapse. The Federal Reserve released hundreds of pages documenting how bank supervision and regulation failed to prevent the lender’s collapse. The F.D.I.C. released a…#federalreserve #siliconvalleybank #fdic #signaturebank #michaelsbarr #svb #federalreserves #siliconvalleybanks #uninsured #randalkquarles (Source: Reuters: Health)
Source: Reuters: Health - April 29, 2023 Category: Consumer Health News Source Type: news
UK Weighs More Protections for Uninsured Bank Depositors
British officials could reportedly allow uninsured depositors instant access to funds during banking failures. The U.K. Treasury and Bank of England are discussing whether some money could be released upfront to allow for business continuity for the bank’s customers, Bloomberg News reported…#uktreasury #bankofengland #siliconvalley #andrewbailey #siliconvalleybank #pymnts #fdic #emeanewsletter (Source: Reuters: Health)
Source: Reuters: Health - April 27, 2023 Category: Consumer Health News Source Type: news
Nonprofit hospitals fall short on community benefit, studies show
Nonprofit hospitals are supposed to help provide access to crucial treatment and services in our most vulnerable communities. But recent research adds to the mountain of evidence showing nonprofit hospitals continue to fall short in their community benefit. For example, many nonprofit hospitals participate in the federal 340B Drug Pricing Program, where eligible large nonprofit hospitals can buy deeply discounted 340B medicines and then turn around and charge both uninsured patients and insurance companies higher prices, pocketing the difference with little to no evidence they use that money to help patients. This is an al...
Source: The Catalyst - April 24, 2023 Category: Pharmaceuticals Authors: Gabby Migliara Tags: 340B Hospitals Source Type: news
Don ’t worry too much about losing your bank cash. Bank-failure data don’t support panic over uninsured deposits
As Silicon Valley Bank was wobbling last month, large account holders with balances exceeding the federal deposit insurance limits panicked, sparked a bank run that ultimately prompted the federal government to step in with a rescue plan, and triggered widespread debate about potential reforms to…#siliconvalleybank #fdic #toddphillips #rooseveltinstitute #twitter #phillips #patriciamccoy #congressional #johnpopeo #gallatingroup (Source: Reuters: Health)
Source: Reuters: Health - April 21, 2023 Category: Consumer Health News Source Type: news
Fractional shares downsides, uninsured?
(Source: Reuters: Health)
Source: Reuters: Health - April 19, 2023 Category: Consumer Health News Source Type: news
Coronavirus vaccine shots will remain free to uninsured under Biden plan
Vaccine makers are expected to charge as much as $130 per dose after the government winds down its pandemic response. (Source: Washington Post: To Your Health)
Source: Washington Post: To Your Health - April 19, 2023 Category: Consumer Health News Authors: Dan Diamond Source Type: news
Insurance losses from Mississippi tornado nearing $100 million
Insurance losses from the March tornado that carved a path of destruction through parts of Mississippi are approaching $100 million, and uninsured losses will likely exceed that number, the state insurance department announced Tuesday. The damage is particularly severe in the Mississippi Delta,…#mississippi #mississippidelta #delta #silvercity #rollingfork #amory #mississippiinsurance #mikechaney #chaney #sharkeycounty (Source: Reuters: Health)
Source: Reuters: Health - April 18, 2023 Category: Consumer Health News Source Type: news
