If you take the long view, America’ s economic outlook is pretty bleak. The stock market is banking on it, as is Kevin Warsh, the chair of the Federal Reserve, who is hoping AI-driven growth could justify a cut in interest rates. It’ s a tall order, as net interest outlays are expected to take up 5.4% of U.S.
ScienceSoft will join the Insurance Tech and Innovation Conference 2026 in Chicago, where insurance leaders will discuss practical applications of technology in claims, underwriting, risk management, and compliance. The event will take place on June 10– 11, 2026, at the Hilton Suites Chicago, Magnificent Mile.. Vital Soupel, Senior Insurance IT and AI…
Blue Cross Blue Shield of North Carolina, the state's largest private health insurer reported it lost $497 million last year. The 4.3 million BCBS customers in North Carolina, about one-third of the state's population, know what this means: their health insurance premiums will increase. Tunde Sotunde, CEO of BCBS, addressed the loss and spoke to the current state…
Iowa has a caregiver crisis that is escalating even faster than its population is graying: Cases of dependent adult abuse, increasing for decades, have skyrocketed in the last five years, with a growing number of people found by the state to be abusive and charged criminally. The findings, documented in statistics Watchdog obtained under Iowa's open records law,…
The U.S. stock market had its worst day since October Friday as a sell-off in big technology companies weighed down the broader market and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. Tech stocks dragged the broader market lower as companies that had powered the S&P 500 to a…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Aseguradora General, S.A.. AGen was established in 1967 and is the sixth-largest insurer operating in Guatemala. As of year-end 2025, the company reported USD 105 million in direct premium, with a market share…
AM Best has placed under review with negative implications the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of GUNA Re. This Credit Rating action reflects erosion in GUNA Re’ s capital position, which is a material deviation from the business plan provided by the company, and the uncertainty regarding the company’ s capital support.
The following information was released by the American Cancer Society Cancer Action Network:. The New York State Senate began its wrap up of the 2026 legislative session by advancing bipartisan legislation that would improve New Yorkers' access to paid medical leave through the state's Temporary Disability Insurance Program. Advocates with the American…
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…
This legislative session was a wake-up call for Vermont lawmakers amid one of the largest healthcare affordability crises facing both the state and the nation. Vermont's healthcare system now totals roughly $2.5 billion and accounts for nearly 30% of the state budget. Since 2018, health insurance premiums have increased by 10 to 15% annually, and Vermont…
The following information was released by the office of the Governor of Colorado:. Today, Governor Polis signed bills into law to lower the price of homeowners insurance in Colorado, invest in early childhood education careers and care, and expand pathways for natural medicine. Governor Polis signed SB26-155- Increase Access Homeowner's Insurance…
The following information was released by the Colorado Senate Democrats:. SB26-155, sponsored by Senators Kyle Mullica, D- Thornton, and Janice Marchman, D- Loveland, Speaker Julie McCluskie, D- Dillon, and Representative Kyle Brown, D- Louisville, will help stabilize Colorado's homeowners insurance market and make property insurance more affordable through the…
