AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Egypt National Scale Rating of aaa.EG of Misr Insurance Company. MIC is the largest non-life insurance subsidiary of Misr Insurance Holding Company. The company’ s capital requirements are driven mainly by asset risk, given its concentration of assets in…
CNW CurrenSees Exploring the policies, markets and global events influencing currencies and the movement of money worldwide June 26, 2026 – via CurrencyNewsWire — According to the Federal Reserve’s annual bank stress test, the nation’s largest banks remain well capitalized and capable of continuing to support the economy during a severe downturn. Despite projected loan losses exceeding $708 billion under […]
New research published by the Employee Benefit Research Institute finds that younger workers continue to change jobs at high rates but were more likely than workers from an earlier generation to be eligible for an employer-sponsored retirement plan after changing jobs.
Windward Risk Managers today announced approved statewide rate decreases for certain policies issued by Edison Insurance Company and Florida Peninsula Insurance Company. The changes, approved by the Florida Office of Insurance Regulation, are effective July 1, 2026, for new business and July 15, 2026, for renewals. Edison Insurance Company: 10% for HO-3…
Business and government leaders gathered at the Bank of America Corporate Center for a community roundtable discussion Thursday. The tax is expected to generate $19.4 billion over the next 30 years, according to the Charlotte Area Transit System. Robert McCutcheon, CEO of Charlotte Regional Business Alliance, said the investment could lead to a 1.7%…
New World screwworm hasn't plagued American domestic animals in nearly 60 years. But since June 3, federal authorities have confirmed at least 20 cases in Texas and New Mexico. "Standard accident and illness pet insurance policies usually cover treatment for parasitic infestations," said Julia Taliesin, a licensed insurance agent and economic analyst for…
After years of relentless increases, auto insurance policyholders have been enjoying a relative break in the recent cycle. Average full-coverage premiums fell roughly 6% in 2025, according to Insurify analyses, marking the first meaningful decline after rates surged an average of 46% nationwide between 2022 and 2024.. "While auto insurance rates have not…
WASHINGTON— U.S. inflation increased further in May, breaking above 4% for the first time in three years as the Middle East conflict boosted energy prices, and potentially drawing the Federal Reserve closer to raising interest rates this year. The personal consumption expenditures price index surged 4.1% in the 12 months through May, the largest increase and…
Most adult Americans take at least one prescription drug, and for too many, getting that prescription filled means battling the very system that's supposed to help them. Insurance denials have become alarmingly routine. And even when patients manage to access treatment, affordability remains a major challenge: nearly 60% of U.S. adults worry about being able…
There’ s a new Fed Sheriff in town, and analysts say home buyers’ hopes and dreams for lower mortgage rates in 2026 likely will remain in interest-rate jail. In his first Federal Open Market Committee meeting on June 17, President Donald Trump’ s newly appointed Federal Reserve chairman Kevin Warsh made it clear there is a new game being played at the central bank.
The following information was released by the Financial Services Forum:. Financial Services Forum President and CEO Amanda Eversole issued the following statement today in response to the Federal Reserve Board's 2026 stress test results:. The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and…
The following information was released by the Alliance for Retired Americans:. Bill Curry, 65, raises cattle on the same land in rural Oklahoma once owned by his father and generations before him. In January, Oklahoma became one of six states to begin a pilot program testing the use of preapprovals in traditional Medicare, the federal health insurance program…
