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AM Best will deliver its latest perspectives, examining trends in the global insurance industry, together with an outline of Italy’ s insurance market segment outlooks, in a market briefing scheduled for 17 June 2026, in Milan, Italy. The market briefing this year is scheduled to take place from 9:30 a.m. to 2:00 p.m. at The Westin Palace Milan, and will feature…

As natural catastrophes and severe weather events continue to expose more homeowners to property damage and recovery challenges, the Insurance Information Institute and the National Insurance Crime Bureau are urging consumers to remain vigilant against contractor fraud during Contractor Fraud Awareness Week, May 18-22, 2026.. “After a disaster,…

Pacific Life Insurance Company announced that it has launched Pacific Admiral VUL 2 1, a new flagship variable universal life insurance product. “Pacific Admiral VUL 2 represents the next generation of our VUL offerings, building on the strengths of our prior products,” said Sim Zady, vice president of life product development, Consumer Markets, Pacific Life.“…

Average annual rate increases for U.S. private passenger auto and homeowners’ policies shifted back to pre-pandemic levels in 2025, following years of large increases amid elevated losses in each line of business, according to a new AM Best report. “The improvement experienced by U.S. homeowners’ insurers has been driven by both aggressive rate increases and…

A New York man accused of leading a multi-state check fraud scheme has pleaded guilty to charges in a Detroit federal court, officials said. Nazaly Mason Smith, 33, entered a guilty plea to conspiracy to commit bank fraud on Thursday, U.S. Attorney for the Eastern District of Michigan Jerome Gorgon said in a statement. Officers with the U.S. Department of Homeland…

A Georgia man faces charges for his alleged role in a“ sophisticated and organized fraud operation” that led to more than $60,000 being stolen from the estate of a Connecticut resident. Kevin Young, 37, of Atlanta, Georgia was arrested on May 1 on charges of second-degree money laundering, first-degree larceny and conspiracy to commit first-degree larceny,…

Susan Renee Barrett, a Worland woman accused of electronic banking fraud with multiple victims, entered guilty pleas to 27 felonies at a change of plea hearing in Washakie County District Court on May 6. According to an article covering a previous hearing in Barrett's case, between 2023 and 2024 in Washakie County, evidence collected from local banks shows that…

City of Waco employees would pay 7% more in health insurance premiums and lose coverage for GLP-1s and other drugs prescribed solely for weight loss under a proposal presented to the Waco Budget and Audit Committee on Tuesday. Alongside the 7% employee premium increase, a $270,000 gain for the health plan, Pustejovsky's proposal includes a 12% increase in the…

PHOENIX- In Arizona, there were just under 1.8 million recipients of AHCCCS- the Arizona Health Care Cost Containment System, or the state's Medicaid program, as of April 2026. Daniel Derksen, an expert on the Arizona healthcare system. President Donald Trump's One Big Beautiful Bill introduced Medicaid restrictions that look to redefine work and income level…

Becerra is right that there is an insurance crisis in California, but price controls aren’ t the answer. In 1988, California voters passed Proposition 103, a landmark law that sought to protect consumers from arbitrary rate hikes by requiring insurers to get the approval from the state insurance commissioner before raising rates.. The California Supreme…

Boston Omaha Corporation today announced that it has entered into a definitive Securities Purchase Agreement to sell its surety insurance business, operated by General Indemnity Group, LLC, to CopperPoint Insurance Company. GIG operates its surety insurance business through its two wholly owned subsidiaries: United Casualty& Surety Insurance Company…

Behind the verbal sparring last week between federal and state officials over policing Medicaid fraud, data shows Hawaii's recent record on the subject is in some respects worst in the nation. In each of the last four years, Hawaii's Medicaid Fraud Control Unit has produced no indictments and no convictions for fraud- something no other state has done.

WASHINGTON— U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, most since December 2022, as the 10- week Iran war pushed up energy prices and put pressure on companies to pass along higher costs to consumers. All the numbers were much higher than economists had expected and it alters the dynamic at the U.S. Federal Reserve…

Health insurance plans will only be open to people who are Idaho Farm Bureau members who are“ actively engaged in agricultural production in Idaho, employ at least two full-time employees, and sign a participation agreement, according to the U.S. Department of Labor. The Idaho Farm Bureau is currently offering the plans. That’ s common among members of the Idaho…

General Mills, Golden Valley, announced that Dana McNabb has been promoted to chief operating officer, effective June 1. MONO, a Minneapolis- based ad agency, announced the return of Jeffrey Gorder as CEO. Pope Design Group, St. Paul, announced the addition of Sara Rapp as northern Minnesota market lead, based in Duluth.

The following information was released by the Federal Reserve Bank of Atlanta:. While the Top 100 comprise a small fraction of the nearly 10,000 DIs in the United States as of 2021, they account for most of the transaction deposit account balances, 64 percent by number in 2021 and 68 percent by value. Balances of business accounts at these largest institutions…

The following information was released by the Minnesota House of Representatives:. The House approved the conference committee report on a 121-13 vote Saturday night. The committee adopted a provision from the Senate's omnibus bill that would increase the maximum value of a meat raffle prize to $200 and a maximum ticket cost to $5.