Farmers Insurance Group, the second-largest home insurer in California, is set to raise overall policy rates for homeowners by 1.5% this fall. Farmers covers approximately 11% of all insured homes in California, second only to State Farm General. In 2023, Farmers began capping the number of new policies it wrote in California each month.
The U.S. Senate on Tuesday confirmed Kevin Warsh to a 14- year term as Federal Reserve governor, marking an important step toward his succeeding Jerome Powell as the U.S. central bank's next leader. The vote passed 51-45, with a single Democrat, John Fetterman of Pennsylvania, casting his vote with the Republican majority. Trump's unprecedented efforts to exert…
State regulators say legislative reforms passed in recent years have lowered homeowners insurance rates in the Florida in 2026 but many residents are still seeing red over increases to their annual premiums. "Are Florida homeowners with homes located away from the coast paying rates to cover homes located on barrier islands and the coast?
May 11— A blanket refusal to cover weight-loss medication like GLP-1s is no longer allowed under Washington state law, an appeals court ruled last week. Many health insurances do not provide coverage to weight-loss medication. In years past, weight-loss drugs have been ineffective and expensive with many side effects.
SPRINGFIELD— Despite precarious finances and declining business and questions about its long-term viability, Mercy Medical Center still discharges more than 7,800 patients and logs 44,000 emergency room visits a year. Scott Lichtenberger, chief operating officer of Baystate Health.“ So if Mercy Medical Center didn’ t exist, Baystate could not absorb, not…
Early retirement sounds like a dream, but if you don’t handle your finances perfectly, that dream could be stripped from you. Millions of older workers find that certain banking and retirement account rules make early retirement far more difficult than expected. Some of these rules involve taxes, withdrawal penalties, income limits, and account restrictions that quietly…
Cristina Bodea, Michigan State University and Andrew Kerner, Michigan State University. Kevin Warsh is now likely to secure Senate approval on May 13, 2026, as the next Federal Reserve chair– and become arguably the most powerful central banker in the world. asked Republican Senator John Kennedy of Louisiana.
BadDrivingRecord.com has expanded its high-risk auto insurance support across six states, helping drivers compare coverage options after tickets, accidents, DUIs, lapses in coverage, and SR-22 or FR-44 filing requirements. The company combines online comparison tools with licensed agent support and educational resources.
TOPEKA— Kansas state employees can choose between two health insurance companies after the Health Care Commission voted Monday to move forward with Aetna and Blue Cross Blue Shield of Kansas. Commission members debated whether to choose Aetna, dropping Blue Cross, for the state's health insurance beginning Jan. 1, 2027, to save an estimated $240 million over…
Starting in June, Washingtonians on Premera Blue Cross insurance may no longer pay in-network rates at MultiCare hospitals and clinics, if the insurer and healthcare organization can't agree on reimbursements. This includes Yakima Memorial Hospital, Tacoma General Hospital and Capital Medical Center in Olympia. While Overlake Medical Center in Bellevue…
The Senate voted Tuesday to confirm Kevin Warsh to the Federal Reserve's board of governors and also voted to advance his nomination to serve as chairman of the central bank, where he will have significant influence over future interest rates. The Senate voted 51 to 45 to confirm Warsh to the Fed's board of governors and then voted 51-45 to advance his…
Electric bicycle enthusiasts in Massachusetts may be hitting the brakes on a new summertime hobby as Beacon Hill is considering new regulations and costs for e-bike users. Maura Healey is proposing legislation that would require an annual registration, liability insurance, and an official Massachusetts license plate for all electric bicycles in…
Iowa state auditor and Democratic gubernatorial candidate Rob Sand on Thursday unveiled a new water quality and public health proposal aimed at addressing the state's rising cancer rates, improving water quality, expanding access to health care and lowering costs for Iowans. Sand's proposal includes creating a statewide "dirty water" notification system,…
The nomination of Kevin Warsh as Federal Reserve chair is reviving a debate about Fed independence. Kevin Warsh is now likely to secure Senate approval as the next Federal Reserve chair– and become arguably the most powerful central banker in the world. On one level, the question reflects President Donald Trump's intense pressure on the central bank to cut…
Rising liability insurance costs in Kansas and across the nation are prompting doctors to call on states to impose limits on the damages patients can collect in malpractice cases. Why it matters: Groups led by the American Medical Association (AMA) say that without payout limits, physicians will relocate from high-cost states, leaving patients with fewer care options. State of…
Rising liability insurance costs are prompting doctors to call on states to impose more limits on the damages patients can collect in malpractice cases. Why it matters: More than half of the states have enacted malpractice payout limits, in an effort to make insurance premiums more predictable. But groups led by the American Medical Association say that without more relief,…
Five years ago, inflation was taking off, and Federal Reserve leaders wrongly believed that it would be transitory. Now, leaders of the central bank are focused on how to avoid repeating that mistake. The big picture: The U.S. is facing an eerily familiar backdrop of price shocks, and the Fed is trying to avoid a repeat of its biggest forecasting error of recent years. Fed chair…
Data: Bureau of Labor Statistics; Chart: Courtenay Brown/Axios The U.S. economy added 115,000 jobs in April, while the unemployment rate held at 4.3%, the Labor Department said on Friday. Why it matters: Employers kept hiring through the Iran war’s energy shock, a sign of labor market resilience that complicates the case for the Federal Reserve to cut interest rates. By the…
The Iran war is trapping the world’s central banks with an energy shock that simultaneously undermines growth and stokes inflation, with no good policy response to either. Each of the world’s most important central banks faces that dilemma in policy meetings this week. Why it matters: From Tokyo to Washington, central banks that were on track to normalize policy are now paralyzed,…
