Pricey mortgages have been weighing on the housing market more broadly, which has not escaped President Donald Trump. He has waged an aggressive campaign to pressure the Federal Reserve, which sets the short-term benchmark rate, to make deeper cuts to the cost of borrowing. The Fed directly influences the federal funds rate, a short-term interest rate that…
The following information was released by the New Jersey Department of Banking and Insurance:. As hurricane season begins, the New Jersey Department of Banking and Insurance is reminding residents of steps they can take to prepare for extreme weather events that can threaten their home and property.',. ', "As New Jersey continues to see more extreme weather events,…
The Plan's Board of Trustees voted Friday to approve the increases. Out-of-pocket maximums will go up, too, rising $500 to $4,500 for retirees on the base plan, and increasing by $400 to $3,700 for those on the enhanced plan. Jackson Cozort, associate director of the Retired Government Employees Association, said retirees will struggle to pay more.
The following information was released by the Federal Reserve Board:. Thank you for the opportunity to speak to you.1 The U.S. economy relies on a strong and stable banking system that extends credit to households and businesses. Today I want to share with you a few thoughts on the Federal Reserve's role in overseeing the banking system and supporting financial…
The Insurance Information Institute and Munich Re US today announced the release of RiskScan 2026, a comprehensive cross-market research study that examines evolving risk perceptions and interconnected exposures in the United States and United Kingdom insurance markets. Featuring detailed research findings and key insights from Triple-I and…
What appeared to be a curious case of damage caused by a bear turned out to be an unusual scam. In California, three people were convicted of fraud after faking attacks by an animal… that was actually a human in disguise. With that footage, they attempted to collect nearly $142,000 from insurance companies.
Andy Beshear announced cuts are coming to departments and programs within the Cabinet for Health and Family Services, including Medicaid, foster care, the Temporary Assistance for Needy Families program and more. The final version of the state budget falls $691 million short of the agency’ s request and puts $290 million into the Budget Reserve Trust Fund for…
KBRA releases research on the National Association of Insurance Commissioners private letter ratings review process. In August 2024, the NAIC passed an amendment that granted the Securities Valuation Office the ability to review and challenge credit ratings that it does not believe are a reasonable measure of risk for regulatory purposes.
