Five residents of Broward and Palm Beach County are among seven people accused in a nearly $100 million scheme that defrauded workers’ compensation insurers through shell companies, state officials announced Wednesday. The investigation, conducted by the Broward Sheriff "s Office and Palm Beach County Sheriff" s Office, began in December 2024 after a BSO…
WASHINGTON- U.S. consumer prices barely increased in July as the cost of gasoline declined for a second straight month, while underlying inflation was benign, further reducing the odds of an interest rate hike from the Federal Reserve next month. Still, economists said a rate increase this year remained on the table as inflation runs well above the U.S. central…
The S&P 500 and the Nasdaq ended higher Wednesday, lifted by upbeat quarterly results from CoreWeave and other artificial intelligence infrastructure firms, while mild inflation data reinforced bets that the U.S. Federal Reserve will hold interest rates steady in September. U.S. consumer prices barely increased in July as the cost of gasoline declined for a…
The Boston Foundation and a committee of strategic partners, including the Barr Foundation, Eastern Bank Foundation, and the Greater Boston Chamber of Commerce, say the new study of family wealth in Massachusetts, released today by the Federal Reserve Bank of Boston, provides unprecedented insights into wealth gaps in the state. The rigorous, impartial…
The New York State Department of Financial Services today announced that it joined state financial agencies in 46 states in securing a $15.5 million settlement with one of the nation's largest mortgage servicers for imposing "force-placed" insurance costs on borrowers who already had active homeowners insurance policies. NewRez LLC has returned…
New Jersey and 46 state financial agencies in 46 states have reached a $15.5 million settlement with one of the nation's largest mortgage servicers for improperly imposing "force-placed" insurance costs on borrowers who already had active homeowners insurance policies. Under the terms of the settlement, Fort Washington, Penn., based NewRez LLC, will pay a…
LITTLE ROCK, Ark. Arkansas and 48 state financial agencies have reached a $15.5 million settlement with one of the nation's largest mortgage servicers for improperly imposing "force-placed" insurance costs on borrowers who already had active homeowners' insurance policies. Under the terms of the settlement, Fort Washington, Penn., based NewRez LLC, will pay a…
The following information was released by the Environmental Defense Fund:. California's homeowner's insurance market has come under significant strain as growing wildfire risk drives more frequent and costly insurance claims. The impacts of rising wildfire risk have led insurers to raise premiums, limit coverage, and withdraw from high-risk areas,…
The following information was released by the Illinois Senate Democrats:. A new law led by State Senator Julie Morrison will provide insured drivers a way to resolve disputes with their insurers about repair costs or total loss valuations without involving the court system. The new law requires all automobile insurance policies in Illinois that include…
The Trump administration is finalizing a rule restricting Medicaid and the Children's Health Insurance Program from covering gender-affirming care for trans youth, according to a document set to be published by the Department of Health and Human Services. The White House first proposed the rule last December under HHS Secretary Robert F. Kennedy, Jr, who…
If you ask New Jersey state Sen. Jon Bramnick which industry exerts the most influence in Trenton, the answer is a no-brainer: health insurers. With the new law, New Jersey joined roughly half the country in restricting use of accumulators, an issue that doesn’ t dominate headlines but is a major fault line in the battle between drugmakers, which say insurers are…
