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In January, a security camera captured unnerving footage: what appeared to be a bear had forced its way into a Rolls Royce parked outside a home in the Southern California resort community of Lake Arrowhead, gouged the seats and thrashed the interior. The agency claims that Ruben Tamrazian, 26, Ararat Chirkinian, 39, Vahe Muradkhanyan, 32 and Alfiya Zuckerman, 39,…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of AES Global Insurance Company. As a single-parent captive for The AES Corporation, AGIC remains an integral extension of its parent’ s overall risk management framework. AM Best remains the leading rating agency of alternative risk transfer entities, with more…

With more than half of U.S. adults holding life insurance, Luma’ s platform empowers advisors to keep their clients’ financial goals aligned throughout the entire investment lifecycle. “We are excited to extend our proven technology to the life insurance market, providing financial professionals with the first truly comprehensive solution in the industry,”…

The Labor Department reported Thursday that jobless claim applications fell by 4,000 to 217,000 for the week of Nov. 9. Weekly applications for jobless benefits are considered representative of U.S. layoffs in a given week. In response to weakening employment data and receding consumer prices, the Federal Reserve slashed its benchmark interest rate in…

If you've been hoping for lower mortgage rates to buy a home, you might be scratching your head lately. Since late September, rates have been climbing, even though the Federal Reserve has been lowering interest rates. The Federal Reserve's moves directly impact short-term borrowing.

Arkansas legislators have been hearing from constituents about the rising costs of homeowners insurance premiums, so during the 2025 session they will explore numerous options for holding down rate increases. In Arkansas, wind and hail are the major weather events that damage homes. According to Insurance Department officials, Arkansas property…

According to the Centers for Medicare& Medicaid Services, 66 million Americans older than 65 are enrolled in the federal insurance program and more than half are enrolled in Medicaid Advantage plans— commercial insurance that is an alternative to traditional Medicare. Free counseling sessions with Statewide Health Insurance Benefits Advisors and…

By Whitney Downard, Indiana Capital Chronicle. New data from an Indiana University analysis suggests that aggregate health care spending in the state is on par with that of peers in other states, but that Hoosiers are more likely to be in a high-deductible plan or covered under a self-insured plan. Such arrangements could be one of the factors that make…

—A Federal Reserve official gave a lengthy defense of the central bank's political independence Thursday, just days after former President Donald Trump, an outspoken Fed critic, won re-election. “It has been widely recognized— and is a finding of economic research— that central bank independence is fundamental to achieving good policy and good economic…

LOS ANGELES- Donald Trump's election win is clouding the outlook for mortgage rates even before he gets back to the White House. Mortgage rates are influenced by several factors, including moves in the yield for U.S. 10- year Treasury bonds, which lenders use as a guide to price home loans. Treasury yields rose in recent weeks even after the Federal Reserve cut its…

The U.S. Bureau of Labor Statistics on Wednesday released its Consumer Price Index, a key marker of inflation, measured by the change in prices paid by consumers for goods and services. "The index for all items less food and energy rose 3.3% over the past 12 months," the Bureau of Labor report said. Earlier this week, the U.S. Federal Reserve confirmed a quarter-point…

Arkansas legislators have been hearing from constituents about the rising costs of homeowners' insurance premiums, so during the 2025 session they will explore numerous options for holding down rate increases. In Arkansas, wind and hail are the major weather events that damage homes. According to Insurance Department officials, Arkansas property…

Dealing with an insurance adjuster after an accident can be stressful and confusing, especially when focusing on recovery. Insurance companies aim to minimize payouts, so knowing how to handle these conversations is key to ensure a fair settlement. Here are some tips to help you navigate the process confidently.

As open enrollment for health insurance plans under the Affordable Care Act begins, New York Attorney General Letitia James is warning residents to stay vigilant against scams. New Yorkers have until Dec. 15, 2024, to enroll for coverage starting Jan. 1, 2025, through the NY State of Health marketplace, with open enrollment continuing until Jan. 31, 2025.

MENDOCINO CO., 11/13/24– Open enrollment for health insurance via Covered California is open now through Jan. 31, 2025. Under the Affordable Care Act, California residents are eligible to renew or shop around for health insurance coverage for 2025, said Covered California, the entity that operates the state's health insurance marketplace.

Jefferson's operating loss for its legacy business in the quarter rose to $77.6 million from $48 million a year ago. The financial report came just a few days after Jefferson announced that it would postpone annual raises for 42,000 Philadelphia- area employees from January to July. Lehigh Valley's revenue was up 12%, while Jefferson's climbed 9%, according…