And the city’ s annual insurance premiums have nearly quadrupled over that time, from $9.8 million to $35.4 million. Premiums would have risen even higher if city officials hadn’ t agreed to twice increase the city’ s deductible, from $3 million to $5 million in 2022 and then up to $7.5 million last year. Whatever the cause, the sharp rise in costs for payouts and…

A survey released this month by the insurance firm Northwestern Mutual says that many Americans, including some in their 50 s and 60 s, rely on their parents for financial help. The Federal Reserve also conducts an annual survey on financial well-being, and it also reported an increase in the reliance on parents to pay the bills. In many ways this is not surprising;…

Federal Reserve Chair Alan Greenspan died Monday from complications of Parkinson’ s disease, said his wife of 29 years, NBC News correspondent Andrea Mitchell. “To me he was my husband, who shaped my life from our very first date in 1984, "Mitchell said." He presided over a breathtaking surge in stock prices and a 10- year economic boom that began in March 1991.

—Former Federal Reserve chairman Alan Greenspan has died at 100, the Fed says.

Vasilis Katsipis, general manager, MENA, South and Central Asia, AM Best, will join a panel discussion, titled,“ Absorbing the Shock: Reinsurance, Nat Cat Risk and Market Resilience,” during which he will offer AM Best’ s views on the role of credit ratings in measuring insurer resilience. Katsipis has been with AM Best for more than 20 years and led establishment of the…

SACRAMENTO, CA., 6/ 21/ 26— Legislators this week approved a health tax bill meant to continue critical federal funding for the state's Medicaid program, also known as Medi-Cal. California has been charging Medi-Cal insurance plans at a higher rate than private plans. The state's newly-designed solution, Senate Bill 125, will lower the tax on Medi-Cal plans and…

Serious credit card delinquencies— balances 90 days or more past due— are the highest they’ ve been in 15 years, according to recent data from the Federal Reserve Bank of New York. You can perform a similar audit by listing your current credit card balances, interest rates and minimum payments, says Codi Morris, an Ohio- based certified credit counselor.From there,…