Gold prices moved slightly higher at the start of the week as the U.S. dollar weakened, making the precious metal more attractive to overseas buyers. However, gains remained limited due to rising Treasury yields and surging oil prices, both of which intensified concerns over inflation and the possibility of tighter monetary policy. With investors closely watching central bank policy […]
Marco Scamarone, 34, of Tamarac; Jose Mendez, 34, of Coral Springs; and Renee Vazquez, 33, of Tamarac, entered agreements in December and pled guilty to conspiracy to commit money laundering. The men conspired to defraud Medicare by submitting millions of dollars worth of fraudulent claims for orthotic braces that were medically unnecessary and received…
The following information was released by the Federal Reserve Bank of Richmond:. President, Federal Reserve Bank of Richmond. Over the last several years, the U.S. economy has faced wave after wave of supply shocks.
WASHINGTON— Federal Reserve officials' concerns about inflation being stoked by the Iran war intensified last month, with a growing number open to the possibility that they may need to raise interest rates, in a sign that incoming Chair Kevin Warsh will inherit an increasingly hawkish crew of central bankers. A majority of Fed policymakers at their April 28-29…
Symetra Life Insurance Company and Copacino Fujikado, its longtime creative agency of record, took home top honors at the 2026 Shorty Awards for the“ Plan Well, Play Well” social content series featuring sports icon and Symetra brand ambassador Sue Bird, winning in the Insurance category. Winners and honorees were announced on May 19 at an awards ceremony at…
Church Mutual Insurance Company, S.I. 1 today shared 2025 financial results for the Church Mutual family of companies at its annual policyholder meeting, reflecting continued financial strength and disciplined performance. Policyholder surplus of $805.5 million, an increase of $91.1 million from year-end 2024 Combined ratio of 99% Gross written premium…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Nacional de Seguros S.A. Compañía de Seguros Generales. Nacional de Seguros began operations in 2014 after acquiring Ecoseguros S.A., a company in voluntary liquidation, with fulfillment and liability insurance licenses granted by the…
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly nine months, driving up borrowing costs for homebuyers during what’ s traditionally the housing market’ s busiest time of the year. The benchmark 30- year fixed rate mortgage rate rose to 6.51% from 6.36% last week, mortgage buyer Freddie Mac said Thursday.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Dubai Insurance Company. The outlook of these Credit Ratings is stable. The assessment also considers the material share of equity holdings in DIN’ s investment portfolio, and its exposure to fair value fluctuations, with risks heightened by the ongoing…
