Fed board of governors member Lisa Cook and Federal Reserve Bank of Cleveland's president Beth Hammack dissented in favor of a quarter-point increase. Inflation has risen this year amid the Iran war, creating a difficult set of circumstances for President Trump and the GOP this midterm cycle. Energy shocks from the U.S.- Iran and Russia- Ukraine wars continue to…
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Palmetto Heritage Holdings, LLC, Atlantic Coast Life Insurance Company, and Southern Atlantic Re, Inc. are pleased to announce ongoing discussions regarding a potential acquisition of Atlantic Coast Life and Southern Atlantic by a South Carolina- based investor group organized by Palmetto Heritage. Palmetto Heritage looks forward to working…
Porch Group, Inc., a new kind of homeowners insurance company, today reported third quarter results through September 30, 2026, that exceeded our expectations. “With that organic foundation firmly in place, we are excited to further accelerate our growth through the pending acquisition of Allied Trust. Allied Trust is expected to strengthen an already…
The Federal Reserve increased the Fed Funds rate by a quarter point the week before last. Markets had fully anticipated the increase, and the Fed delivered. Markets surged a day after the increase, showing approval of the Fed' s commitment to fighting inflation.
Oct. 22— The percentage of working-age adults without health insurance has increased in the past two years, largely because many people can no longer afford Obamacare coverage after Congress allowed federal subsidies to expire at the end of last year. The uninsured rate for adults ages 19-64 rose to 11.2% this year, up from 8.9% in 2024, according to a new…
A Douglas County jury has awarded $11.3 million in damages to an Omaha mother of 10, finding Farmers Insurance had acted in bad faith in refusing to make good on her husband's $350,000 life insurance policy. The case— brought by Vaneza Ramos after her husband, Jose Gaytan, died of COVD-19 in 2020— followed years of litigation and two jury trials.
The following information was released by the Henry J. Kaiser Family Foundation:. Authors: Jeannie Fuglesten Biniek, Meredith Freed, Nancy Ochieng, and Juliette Cubanski. Using plan data from the Centers for Medicare and Medicaid Services, we find that 4.3 million Medicare beneficiaries, including 3.1 million Medicare Advantage drug plan enrollees and 1.2…
The following information was released by the Cato Institute:. On October 26, the 8th Circuit Court of Appeals ruled that the Federal Reserve exceeded its authority by including costs such as a share of expected fraud losses as part of interchange fees, thus setting the cap too high. In 2025, a district court in Kentucky had upheld the Fed' s rule: if the Sixth Circuit…
The following information was released by the Peterson Institute for International Economics:. This will not be the place for my broader thoughts on issues ranging from the California wealth tax to the latest proposals from President Trumpyou can find me opining on those elsewhere. Four times a year the Federal Reserve's Federal Open Market Committee…
The following information was released by the California Department of Insurance:. First-in-the-nation regulation requires California- based insurance companies to prepare for climate risks, artificial intelligence, cyber threats, and other emerging challenges before they threaten consumers and markets. SACRAMENTO, Calif. Insurance Commissioner…
If you're going with a lower-cost health insurance plan, make sure to read the fine print. Pla2na/iStock via Getty Images Plus. With premiums expected to rise further and Medicaid work requirements set to begin in January 2027, many Americans are left scrambling for affordable options.
Healthcare costs are a major concern for Americans, and health insurance premiums are a primary fuel for that anxiety. Shrinking federal subsidies for Affordable Care Act plans led to large premium increases for millions of Americans in 2025, causing many people to drop coverage. With premiums expected to rise further and Medicaid work requirements set to…
At the end of today's meeting, the Task Force voted to send its recommendations to Governor Kim Reynolds. Ahead of a final report, the Task Force released an executive summary of their recommendations. The Task Force recommends standing up a Medicaid Fraud War Room, based on the federal Centers for Medicare and Medicaid model, so when there is a credible…
The Mississippi Department of Human Services, Division of Aging and Adult Services, announces the State Health Insurance Program will provide assistance for eligible Mississippians during the Medicare Open Enrollment period that runs from Oct. 15 through Dec. 7. For many older adults in Mississippi, navigating healthcare can be overwhelming.
Although the company’ s investment portfolio is of good liquidity, asset risk is high as assets are concentrated in Egypt, thereby exposing the balance sheet to the country’ s high economic and political risk and very high financial system risk. GIG Egypt has a record of generating strong earnings despite the challenging operating conditions and high…
Symetra Life Insurance Company today announced that Fortune ® magazine and Great Place to Work ®, the global authority on workplace culture, have recognized Symetra on the 2026 Fortune Best Workplaces for Women™ list. This is Symetra’ s fifth consecutive appearance on the list, coming in at No. 39 among the top 100 organizations in the large workplace category.
As expected, the Federal Open Market Committee kept interest rates unchanged Wednesday in its last meeting before the U.S. midterm elections. The consumer price index, the Federal Reserve's preferred measure of inflation, increased in September to an annual rate of 3.7%, a four-month high and well above its 2% target. Two committee members– Governor Lisa Cook…
AM Best will join a panel discussion to discuss shifting market forces in the U.S. life/annuity insurance segment at The Capitol Forum’ s“ Life& Annuity Industry at a Crossroads” event, on Thursday, Nov. 12, 2026, at the National Press Club in Washington, D.C.. The Capitol Forum covers public policy-related topics. Headquartered in the United States, the company does…
USAA Life Insurance Company today announced it ranked No. 1 in the JD Power 2026 U.S. USAA received an overall customer satisfaction score of 740 compared with an industry average of 653 and ranked #1 across each of the eight study dimensions. “Earning this recognition for the third consecutive year reflects our commitment to earning members’ trust with the…
