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The following information was released by the Federal Reserve Board:. At the Council on Foreign Relations, New York, New York. Since the Federal Open Market Committee's last meeting on September 16 and 17, economic data have tended to support my view of a labor market that is softening and inflationabsent temporary tariff effectsthat is running fairly close to…

Constitution is wholly owned by Steven Menzies, chief executive officer, and participates in a quota share reinsurance transaction of workers’ compensation business from a commonly owned insurer, Continental Indemnity Company, consolidated within the North American Casualty Group. This reinsurance agreement was not renewed in 2025, as Constitution is…

Augusta, Maine As Susan Collins refuses to do anything to extend the ACA's enhanced premium tax credits as the ACA marketplace's Nov 1 open enrollment quickly approaches, Mainers are sounding the alarm about the hardship they'll face due to the expected skyrocketing insurance rates. Despite months of warnings from Mainers about the impact of rising costs…

Florida could be the hardest-hit state when the tax credits expire at the end of the year, in part because the state has long refused to expand Medicaid. Nearly 4.5 million people in Florida get cheaper health insurance on their Affordable Care Act plans through enhanced premium tax credits, which are set to expire at the end of the year. And nearly half of…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Luen Fung Hang Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect LFH’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and…

Mortgage rates fell for the third week in a row on signs that businesses are reluctant to hire. The average rate on a 30- year fixed-rate mortgage fell 14 basis points to 6.11% APR in the week ending Oct. 16, according to rates provided to NerdWallet by Zillow. "The labor market is weak," said Christopher Waller, a Federal Reserve governor, in an Oct. 10 interview on CNBC's "…

The Trump administration moved around money (dubiously) to pay military servicemembers during the shutdown this week, but roughly 1.4 million other federal employees on furlough or working for no pay are going without, missing the first of what they expect will be many missed paychecks during weeks of political stalemate. With no end in sight,…

Pharmaceutical company EMD Serono will offer the popular in vitro fertilization drug Gonal-F at an 84% discount, Libby Horne, the company's senior vice president of U.S. fertility& endocrinology, said in the Oval Office. The drug will be available on TrumpRX.com, a new website the White House has created to spotlight Trump's work to reduce drug prices, Trump said.

With the threat of mudslides and debris flow following today's atmospheric river, Insurance Commissioner Ricardo Lara today reminded consumers to check their home or rental insurance policies. Insurance companies have a legal duty to cover damage from any mudslide, debris flow, or similar disaster that is caused by the recent statewide wildfires that may…

BLOOMINGTON— The Illinois Attorney General's Office has filed suit against State Farm alleging the insurance giant has refused to comply with regulatory examination into its homeowners insurance policy. As part of its examination, IDOI seeks nationwide data about State Farm's homeowner policies, including the total premiums collected by State Farm, the…

PFSL Fund Management Ltd. announced today that it has filed revised Interim Management Reports of Fund Performance for the period ended June 30, 2025 for the following funds:. PFSL Fund Management Ltd. is an investment manager and wholly owned indirect subsidiary of Primerica Financial Services Ltd. The Primerica Canada family of companies includes PFSL’…

HARTFORD, CT— A screening of a local film tackling the health insurance industry and panel discussion highlighted the persistent shortcomings of a system that often denies coverage with potentially deadly consequences. The film, "Midas," by Hartford filmmaker TJ Noel-Sullivan, was screened at the Legislative Office Building. It follows a charismatic college…

Mary Kuhn went to the emergency room at John Muir Medical Center because it felt like she was having a heart attack. On the hunt for a specialist, Kuhn ran into a problem that plagues many California patients: Doctors listed in her health insurer's directory didn't actually accept her insurance. Ghost networks are a longstanding problem in California that…

The following information was released by the Federal Reserve Board:. Thank you for the opportunity to speak to you today. Congress has recently passed legislation that provides some clarity to issuers of stablecoins about how they can fit into the regulatory and supervisory framework.

The following information was released by the National Association of Mutual Insurance Companies:. After more than two weeks of a government shutdown, the National Association of Mutual Insurance Companies again urged Congress today to keep its promise to Americans and reauthorize the National Flood Insurance Program. As were seeing from Alaska and…

The following information was released by the Ohio State Medical Association:. On September 30, OSMA VP of Advocacy Monica Hueckel testified in support of Senate Bill 160 in a hearing of the Ohio Senate Financial Institutions, Insurance, and Technology Committee. Stephanie Ott was also on-hand to testify on behalf of the Ohio Association of Rheumatology.