Higher interest rates tend to make many people antsy. Tracked were 30- year mortgage rates from Freddie Mac, job counts from the Bureau of Labor Statistics, and home prices measured by the Federal Housing Finance Agency. The goal was to see how bosses and house hunters in California and nationwide react when mortgage rates are above 7%.
The following information was released by the America's Health Insurance Plans:. U.S. healthcare spending is expected to surpass $6 trillion this year, a 6 percent increase from last year, as hospital consolidation and robust demand for specialty drugs, particularly expensive GLP-1 weight loss medications, drive up expenditures. A new tool from Yale's Health…
Summit, a leading superregional provider of workers’ compensation insurance services, is pleased to announce the expansion of its coverage into Maryland and Washington, D.C.. Summit-managed carriers, Bridgefield Casualty Insurance Company ®, Bridgefield Employers Insurance Company ®, and Bridgefield Indemnity Insurance Company ®, received…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Allianz Ayudhya General Insurance Public Company Limited. The outlook of these Credit Ratings is stable. Concurrently, AM Best has assigned a Thailand National Scale Rating of aaa.TH to AAGI.
AM Best has assigned a Financial Strength Rating of A-, a Long-Term Issuer Credit Rating of“ a-” and an India National Scale Rating of aaa.IN to Niva Bupa Health Insurance Company Limited. The outlook assigned to these Credit Ratings is stable. The ratings also incorporate rating enhancement from Niva Bupa’ s parent company, British United Provident Association…
A federal judge sentenced a 49- year-old Omaha woman to five months in prison last Thursday after the woman pleaded guilty in June to fraudulently billing Medicaid and other insurers for medical products meant for patients who never received them. Cassi Wigington also must pay $445,255.37 in restitution, U.S. District Court Judge Robert Rossiter ruled.
–The Federal Reserve raised interest rates a quarter point Wednesday, its first increase in three years, a unanimous move that came despite President Donald Trump's demands for cuts, with officials signaling more increases could follow this year. The increase keeps short-term borrowing costs elevated heading into fall for credit cards and auto loans, and can…
INDIANAPOLIS– Indiana Farm Bureau Insurance is preparing for its summer internship program. Candidates best suited for the program are undergraduates with ties to Indiana, including those attending school in-state as well as Indiana natives enrolled at out-of-state colleges and universities. The roles are hybrid, with interns spending part of their week…
Mirabella has been with AM Best since 2003 and oversees a team of analysts who are responsible for monitoring and evaluating a myriad of insurance companies that operate in the personal lines, commercial lines and life/annuity segments in the United States and Canada. The Insurance Summit is hosted by the National Association of Insurance Commissioners…
—U.S. stocks are rising Thursday and recovering most of their losses for the week. Falling oil prices and easing pressure from the bond market helped Wall Street reverse many of its moves from the prior day, when the Federal Reserve hiked its main interest rate for the first time in years and suggested more may be ahead as it tries to get the nation’ s high inflation…
Winged Keel Group is excited to announce the addition of Scott Henderson as a Senior Director and Client Relationship Manager. Based in Ohio, Henderson will support Winged Keel’ s continued growth by expanding the firm’ s relationships with financial institutions and advisors across Ohio, Michigan, and Indiana, further strengthening the firm’ s presence in the…
