It is an honor just to be mentioned alongside past recipients, including my predecessors Janet Yellen and Ben Bernanke. Monetary policy is more effective when the public understands what the Federal Reserve does and why. With that in mind, I hope to enhance understanding of one of the more arcane and technical aspects of monetary policy: the Federal Reserve's…
Newswires
AM Best will lead a session, sponsor and exhibit at the inaugural Thailand Reinsurance Conference, which is taking place 30 October to 1 November 2025 in Bangkok. AM Best is a corporate partner of the first-ever Thailand Reinsurance Conference, which will be held at the Athenee Hotel in Bangkok. The Thailand Reinsurance Conference was initiated by the Thai…
FoxPath Capital Partners, an independent alternative investment firm focused on credit secondaries, today announced a long-term partnership with Reinsurance Group of America, Incorporated, a leading global life and health reinsurer. Founded in 2023 by Tony Colarusso, Brian Laureano and Alexander Truss, FoxPath focuses on providing private market…
California Insurance Commissioner Ricardo Lara announced a new first-ever Economic Impact Report from the California Department of Insurance showing that insurance companies contracting with small and diverse-owned businesses contributed a total economic output of $6.7 billion to California's economy, supporting more than 29,000 jobs and…
The Pennsylvania Insurance Department released the final Affordable Care Act rates for 2026 with price increases in line for next year, including some exceeding 20%. The enhanced credits will expire Dec. 31 without an extension authorized by Congress, one of the key components of the ongoing federal government shutdown. "Congress still has the ability to act…
Digital Envoy, the leader in IP intelligence and high-quality, consent-based location data, today announces the release of IP Forensics, the industry’ s first comprehensive historic IP intelligence lookback service. According to global estimates, fraudsters will siphon $80 billion from insurance companies and drive losses for finance firms of nearly $60…
Mark Tedford, R- Tulsa, and an insurance professional, who said private insurers will take up the slack. Mark Chapman, R- Broken Arrow— and that was just in the first half-hour. Former Chief Executive Officer Ellen Buettner recently left after two years on the job to run the Regional University System of Oklahoma, and state Medicaid Director Christina Foss is on her…
More than 135,000 California renters with insurance through CSAA Insurance Exchange will see their rates climb 10%, after the California Department of Insurance approved the rate hike requested by the insurer. The increase, retroactive to July 1, will boost average premiums by $179 to $209 per year, according to CSAA's filing with the CDOI.
"You are going to need to pay close attention to your annual notice of change," said Jenny Chumbley Hogue, a health insurance expert and contributor for medicareresources.org. In Florida, like many other markets, Medicare Advantage plans are shrinking, shifting and exiting pockets of the state. In Broward County, SHINE liaison Gloria Ayan said many enrollees in…
Citizens Financial Group, Inc. today reported third quarter financial results. In addition, these materials will be furnished to the Securities and Exchange Commission on a Form 8- K and will be available on the SEC website at www.sec.gov. “We are pleased to report very strong results for the third quarter, paced by excellent NII and fee growth, 3% sequential…
Uninsured drivers are on the rise: Are you protected? The National Highway Traffic Safety Administration has reported that the United States experiences millions of motor vehicle accidents every year. According to the Insurance Research Council, 15.4% of U.S. drivers in 2023 were completely uninsured, up 3% from 2017.
Our health care "system" in Vermont is teetering, while the actions- or lack of- from the current President might just push it over. And Vermont's largest health insurance company Blue Cross- Blue Shield had to borrow $30 million from Blue Cross Michigan to pay claims this spring. A crisis point might be coming sooner than later as pointed out by the head of the Green…
Jacob Rosecrants, D- Norman, conducted an interim study on Mental Health and Managed Care that explored what the legislature can do to make Oklahoma a better place for healthcare for those in need. It featured presentations from Audra Deckard, MHr, Med, LPC, Myriad Counseling Solutions, LLC; Robert VanZant, LCSW-P; Dr. Randy Randleman, Eufaula Lake Family Development…
The following information was released by the California Department of Insurance:. LOS ANGELES California Insurance Commissioner Ricardo Lara announced a new first-ever Economic Impact Report from the California Department of Insurance showing that insurance companies contracting with small and diverse-owned businesses contributed a total…
A growing number of Bartholomew County residents have been receiving the federal health insurance subsidies that are at the center of the government shutdown that has dragged on for more than two weeks. This year, 3,516 Bartholomew County residents received the subsidies under the Affordable Care Act— about 4% of the county's population— according to the U.S….
The following information was released by the Retail Industry Leaders Association:. The U.S. Mint ended production of the penny this summer. The Federal Reserve, responsible for distributing coins, is already reporting shortages across dozens of locations with the expectation for this issue to grow as the U.S. heads into the holiday season.
Attorney General Kwame Raoul filed a lawsuit against State Farm Fire and Casualty Insurance Company, State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company, and Oglesby Reinsurance Company alleging State Farm has refused to comply with a regulatory examination into its nationwide homeowners insurance business.
The following information was released by Georgia Senator Jon Ossoff:. U.S. Senator Jon Ossoff released the following statement. "As President Trumpsaidhimself in 2011,' if there is a shutdown, I think it would be a tremendously negative mark on the President of the United States.
Today, U.S. Senator Cory Booker joined Senators Chris Van Hollen and Angela Alsobrooks, along with several of their colleagues, to introduce the Shutdown Guidance for Financial Institutions Act.This legislation requires federal financial industry regulators to issue guidance encouraging financial institutions to work with federal employees and…
