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Oklahoma Attorney General Gentner Drummond filed a lawsuit against Allstate Insurance Company Tuesday, July 7, alleging the insurer engaged in a coordinated scheme to wrongfully deny or underpay legitimate wind and hail damage claims submitted by Oklahoma homeowners. Filed in Cleveland County District Court, the lawsuit alleges Allstate implemented an…

Todd Anderson has had a retirement plan in the back of his mind the past couple of years and earlier this year he took the first step in making that happen. He has announced that the Todd Anderson Insurance Agency has joined Highstreet Insurance& Financial Services. "The staff will remain the same with Stuart Scholz as VP client development and Conor Wiese as the…

Greg Abbott outlined his plans to address home and car insurance costs during a Wednesday campaign stop in Houston. An outline of the plan shared by Abbott’ s campaign proposes a $400 million program in which homeowners can receive up to $10,000 for roofs that can withstand wind and hail damage. In Texas, most insurers cannot consider traffic violations when…

KBRA assigns an A- insurance financial strength rating to TruSpire Retirement Insurance Company. Additional credit strengths include capital support from TruSpire’ s indirect parent, Malibu Life Holdings Limited, and TruSpire’ s strategic role as MLHL’ s U.S. retail annuity platform. TruSpire also benefits from an experienced annuity management team and…

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. Today, Senate Banking Committee Chairman Tim Scott held Federal Reserve Chairman Kevin Warsh's first semiannual monetary policy Senate hearing since taking office, emphasizing that the Fed's decisions affect everyday life for families in South…

The Federal Reserve Open Committee's decision to maintain current interest rates may be a temporary respite for farmers with loans before an anticipated rise later this year, said Ryan Loy, extension economist for the University of Arkansas Division of Agriculture. The committee has four more meetings this year: July 28-29, Sept. 15-16, Oct. 27-28, and Dec. 8-9.

PHOENIX– State lawmakers have decided that firefighters in Arizona should not have to go through the hassles that Matthew O'Reilly had with his insurance company. O'Reilly, a firefighter in Sun City, got diagnosed with a type of cancer after a routine screening. Kevin Payne, there should have been a comma after adenocarcinoma which would have made it clear that…

—Federal Reserve Chair Kevin Warsh on Wednesday sought to evade a range of questions from senators on issues such as the impact of AI on inflation, what contacts he has had with President Donald Trump, and how the central bank will determine the persistence of inflation. Whether that’ s inflationary or not, that’ s up to the Federal Reserve, and we’ re going to have…

The State Health Plan Board of Trustees voted Friday on which hospital systems would be considered preferred providers under its new network structure. Those designated as preferred providers were UNC Health and Novant Health. State Health Plan spokesperson Loretta Boniti told The News& Observer that UNC Health has a 10- year contract while Novant Health’ s…

The following information was released by the Federal Reserve Bank of New York:. Remarks at the Partnership for New York City, New York, New York As prepared for delivery. The New York Fed and the Partnership for New York City both have missions that are focused on promoting economic prosperity and stability.

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” for Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company and Safety Northeast Insurance Company. Collectively, these companies are referred to as…

AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to Harel Insurance Company Ltd., the main operating subsidiary of Harel Insurance Investments& Financial Services Ltd. The outlook assigned to these Credit Ratings is stable. The ratings reflect Harel’ s balance sheet strength, which AM Best assesses as very strong, as…

Swarmalytics has deployed a live, autonomous AI agent that runs complete predictive analysis pipelines end to end, with no human in the loop once it is running. The SwarmAI platform ingests data, trains its own models, simulates forward outcomes, and delivers analyst-quality narratives on a schedule. Its first application forecasts the insurance Producer Price Index 30 days out; the same platform generalizes to any data-rich industry.

A comprehensive legal system abuse awareness campaign, conducted by the Insurance Information Institute in Georgia in 2025, has been recognized with a Silver Award in the Best Local/Hyperlocal Campaign category of the Bulldog PR Awards. Triple-I recognized the legal system abuse challenges plaguing Georgia and launched a comprehensive campaign in…

In CVS Health Corp’s 10- K filing with the SEC, the company outlines a wide range of business and financial risks. The central takeaway is that CVS Health is a large, diversified healthcare company whose earnings depend on navigating regulation, reimbursement, medical cost trends, pharmacy economics, and complex operational execution. CVS Health Risk Factors…

New York Life announced the launch of an indemnity benefit payment option for Asset Flex, its hybrid long-term care insurance solution combining long-term care and universal life insurance. “We know that 70% of Americans turning 65 will need some form of LTC 1, but LIMRA research finds only 3% over age 50 own any long-term care insurance 2,” said Ruby Grace Reyes,…