In a unanimous 12-0 decision, the Federal Reserve raised its benchmark lending rate by a quarter of a percentage point, to a target range of 3.75%-4%. In explaining the first interest rate hike in three years, Fed Chair Kevin Warsh said that, "Inflation is the problem. Economist Guy Berger notes that looking back at what the Fed had expected at the end of last year, "the…
A contract dispute between Jefferson Health and Independence Blue Cross could leave patients in the Lehigh Valley paying more out of pocket if no deal is reached by the end of the year. According to a statement from Jefferson, the health system will remain in-network with IBX through Dec. 31. An Independence Blue Cross spokesperson said it offered Jefferson a…
David Jolly, the Democratic nominee for Florida governor, announced plans Monday to crack down on property insurance companies that use complex corporate structures to ship money to related firms whose profits are kept secret. Jolly’ s proposal came in response to articles in the Orlando Sentinel and South Florida Sun Sentinel on a secret state-funded…
Liberate, a provider of insurance-native AI agents for property and casualty insurers, today launched AI Intercept, a capability that screens every inbound call to a carrier or agency, identifies when the caller is a consumer’s AI agent rather than a person, and routes it to Liberate’s AI for end-to-end handling, allowing human teams to stay focused on the…
Advantage Capital Holdings, LLC today announced that Atlantic Coast Life Insurance Company and Southern Atlantic Re, Inc. have reached an agreement with the South Carolina Department of Insurance to proceed to mediation as the parties work toward resolving their disputes and addressing outstanding regulatory matters. As a result of the SC DOI’ s agreement…
The district and its insurers already have settled six other abuse lawsuits for more than $2 million– five involving former Amherst High School assistant principal Jack Koch and one involving former elementary school teacher Trent Hariaczyi. The district is paying about $1.5 million out of pocket, though some settlements obtained by The Buffalo News…
TORRANCE, Calif., Sept. 28, 2026/ PRNewswire-PRWeb/– MOTER Technologies, Inc., an AI-powered Insurtech company that delivers a connected vehicle data platform serving the insurance and automotive industries, today announced an additional strategic investment from ITOCHU Corporation, one of Japan's leading general trading companies. -Kenji Fujii, Founder and…
As Florida debates property tax amendment, poll shows majority more worried about property insurance
The U.S. homeowners insurance segment posted a sizable underwriting gain of $16.5 billion in 2025, as it reversed course and avoided an annual loss for the first time in six years, according to a new AM Best report. P/C industry’ s direct incurred loss ratio of 48.4 in the first half of 2026 marks its lowest point in five years. “Insurers have consistently pushed for…
-After a car crash, dealing with injuries, medical appointments and vehicle repairs can be overwhelming enough. Then comes another challenge: dealing with insurance companies. In Texas, a participant in a telephone conversation generally may record that conversation without obtaining the other participant’ s permission.
