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California Drivers Face Continued Premium Increases in 2024 as Premiums Rise Nationwide

August 20, 2024

California drivers face significant increases in car insurance premiums, as rates have surged 15% in the first half of 2024 alone. This rise is part of a broader trend across the state and the nation, with California expected to see a total increase of 22% by the end of the year, according to data from Insurify. "During COVID-19 shutdowns, states like California put a…

Inflation stress: Higher car and homeowners insurance premiums add to Americans' economic angst

August 20, 2024

That compares to overall U.S. prices being up 23% since the pandemic, according to BLS. In 2019, the average homeowners insurance premium in the U.S. was $1,272— now it is $2,511, according to consulting firm CAPCO.com and Marketwatch.com. The average homeowners insurance premium with $300,000 in dwelling coverages averages $5,531 annually in Florida– 144%…

Car insurance rates could jump 50% in these 3 states this year: study

August 20, 2024

Thanks in part to severe storms and wildfire damage that resulted in massive payouts, three states are set to experience increases over 50%, the study found: California, Missouri and Minnesota. Missouri and Minnesota have both seen extreme hail storms this year, triggering a flood of insurance claims, and California's devastating wildfires continue to burn…

Pa. opens public feedback on rate increases to 2025 health insurance plans

August 20, 2024

From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? Health insurance companies in Pennsylvania are looking to increase the prices of their coverage plans in 2025, which could raise monthly premium costs for people who buy plans through Affordable Care Act marketplaces. The state Insurance Department wants the…

Insurers object to order preventing lawsuits following Maui fires

August 20, 2024

Attorneys for more than 160 insurance companies claim that a Maui judge's decision barring them from suing any party thought to be responsible for last year's Maui wildfires has no precedent around the country. The ability of property insurance companies to sue those found to be responsible for the Maui wildfires aligns with a standard industry practice…

Kemp touts ‘state-based’ approach to health insurance

August 20, 2024

The federal government has given Georgia the go-ahead to launch a state-based health insurance exchange proponents say will give Georgians better health coverage and offer health-care providers higher reimbursements. Kemp made creating a " Georgia- centric" alternative to the federal version of health coverage provided through the Affordable Care Act a…

Financial Regulation

August 20, 2024

Vermont Department of Financial Regulation Notice of public comment period pursuant to 8 V.S.A.§ 3683 regarding the proposed acquisition of control of Union Mutual Fire Insurance Company and its wholly-owned subsidiary, New England Guaranty Insurance Company, Inc. by Dorchester Mutual Insurance Company, Fitchburg Mutual Insurance Company, and Norfolk&…

INSURANCE HEALTH INSURANCE 101TIPS FOR YOUNG ADULTS

August 20, 2024

Becoming an adult can be intimidating. There's paying bills, living on your own, and setting up your own health care for the first time. After years of going to a doctor chosen by your parents, it can be confusing to know what to do when it is time to take charge of your own health.

Inflation rate drops to a three-year low point

August 20, 2024

WASHINGTON— Yearover-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. The Labor Department report Wednesday showed consumer prices rose just 0.2% from June to July after dropping slightly the…

Vance backs Trump on Fed

August 20, 2024

WASHINGTON— JD Vance has endorsed former President Donald Trump's call for the White House to have "a say" over the Federal Reserve's interest rate policies— a view that runs counter to decades of economic research suggesting that politically independent central banks are essential to controlling inflation and maintaining confidence in the global…

American Financial Group, Inc. Increases Annual Common Stock Dividend by 12.7%; Nineteenth Consecutive Year of Dividend Increases

August 20, 2024

American Financial Group, Inc. announced that its Board of Directors approved an increase in the Company’ s regular annual dividend to $3.20 from $2.84 per share of common stock. About American Financial Group, Inc.. American Financial Group is an insurance holding company, based in Cincinnati, Ohio.

Hinojosa wins praise for his efforts to stop Medicaid procurement changes

August 20, 2024

EDINBURG, Texas– Driscoll Children's Hospital CEO Eric Hamon has praised state Sen. If implemented by the Health& Human Services Commission, the proposed changes would result in Driscoll Health Plan being eliminated from the process As a result, Driscoll would, for the first time in over 20 years, not be able to provide healthcare services via its Medicaid…

Markel Group Second Quarter 2024 Earnings Call Transcript

August 20, 2024

Markel Group; Chief Executive Officer. Markel Group; Chief Financial Officer. Markel Group; President of Insurance Operations.

Car insurance rates could jump 50% in these 3 states this year: study

August 20, 2024

Thanks in part to severe storms and wildfire damage that resulted in massive payouts, three states are set to experience increases over 50%, the study found: California, Missouri and Minnesota. Missouri and Minnesota have both seen extreme hail storms this year, triggering a flood of insurance claims, and California's devastating wildfires continue to burn…

Health insurance remains toughest issue for small businesses

August 20, 2024

—For nearly four decades, small business owners across the country and in Ohio have said the cost of health insurance is the top chronic issue they face. The national survey samples 40,000 NFIB members, while the Ohio data comes from a sample of 1,500 members to develop state data. "This data makes it clear for lawmakers: Ohio small business owners are overwhelmed…

SEC Charges Icahn

August 20, 2024

The Securities and Exchange Commission announced charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P., for failing to disclose information relating to Icahn's pledges of IEP securities as collateral to secure personal margin loans worth billions of dollars under agreements with various lenders. IEP and Icahn agreed to pay…

AM Best Withdraws Credit Ratings of LifeMap Assurance Company

August 20, 2024

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of LifeMap Assurance Company. The ownership of LifeMap was transferred to LSV by Cambia Health Solutions, Inc. Jan. 3, 2022, through the finalization of a partnership agreement. LifeMap’ s ratings takes into consideration the implicit support by LSV and its…

FHLBank Pittsburgh Announces Two New Board Members

August 20, 2024

The Federal Home Loan Bank of Pittsburgh today announced the election of Thomas A. Hendry, Senior Vice President and Treasurer of New York Life Insurance and Annuity Corporation. and Nathaniel S. Bonnell, Chairman, President and CEO of Citizens Bank of West Virginia to the FHLBank Board of Directors. Mr. Hendry serves as Senior Vice President and Treasurer in the…

A man with a cough went to a Florida doctor. He wound up in a coma for 42 days

August 20, 2024

Antonio Ocana starts the process that can end with discipline from the state Board of Medicine. The malpractice suit against Ocana that followed this 2019 episode was settled in 2022 with Ocana’ s malpractice insurance paying, state records say, $237,500 of the settlement to Pasco County resident Rafael Cardona. Ocana didn’ t return a message from the Miami…

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