JACKSON, Miss.– Mississippi State Treasurer David McRae has urged the Federal Reserve to end debanking. The effort came in response to a proposed Federal Reserve rule change to prohibit "reputation risk." "The previous reputation risk allowance was an ill-defined, weaponized concept that has picked winners and losers, punished lawful businesses, and…
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Federal Reserve Chair Jerome Powell plans to stay on as a central bank governor for an undetermined period of time when his leadership term ends next month, amid hopes that ongoing political attacks on the institution will settle down. "After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined," Powell told a news…
On Thursday, Oklahoma Attorney General Gentner Drummond requested an audit of the Oklahoma Healthcare Authority. The AG's office says the letter to Inspector Cindy Byrd is based on provider complaints and OHCA's repeated failure to respond adequately to the AG's formal inquiries about the state's contracted managed care organizations, MCOs Humana, Aetna,…
But two of the three contractors who manage Medicaid for Georgia sent letters to therapists recently to alert them to pending 20% reductions. The cuts would reduce rates to what therapists were being paid a decade ago, said Ben Braxley, president of the Georgia chapter of the American Physical Therapy Association. CareSource, one of the managed care companies,…
2026 APR 30– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ SWISS RE” by James R Menker Holley& Menker, PA, representing Swiss Re Ltd. This application was made available to the public on April 21, 2026. The international…
2026 APR 30– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on Managed Care have been published. According to news reporting originating in Seattle, Washington, by NewsRx journalists, research stated,“ To evaluate pairwise associations between 4 self-reported and 1 biological stress measure and assess the associations…
2026 APR 30– By a News Reporter-Staff News Editor at Insurance Daily News– Data detailed on health insurance have been presented. According to news originating from Mexico City, Mexico, by NewsRx correspondents, research stated,“ This note seeks to provide crucial insights into disparities in private and public health insurance coverage as determined by…
2026 APR 30– By a News Reporter-Staff News Editor at Economics Daily Report– Current study results on Investment have been published. According to news originating from Washington, District of Columbia, by NewsRx correspondents, research stated,“ Activity and inflation responded slowly to the Federal Reserve’ s rate hikes in 2022. Our news journalists obtained…
NEW YORK— More jumps for oil prices sent tremors through the U.S. bond market on Wednesday, along with hints that some Federal Reserve officials don’ t want to cut interest rates any time soon. But fat profit reports from Starbucks and other big companies helped the U.S. stock market remain resilient despite that. Oil prices have jumped this week as President Donald…
New book by Managing Partner Warren Barhorst introduces the Total Family Balance Sheet by Higginbotham™, a coordinated approach to risk management across every asset a family owns. "Shirtsleeves to shirtsleeves in three generations." Higginbotham, the 16th largest independent insurance brokerage in the U.S. in 2026 according to The Hales Report, is…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Tokio Marine GRV Re, Inc.. The outlook of these Credit Ratings is stable. The company serves as an internal reinsurer for the affiliated entities under the Tokio Marine& Nichido Fire Insurance Co., Ltd. umbrella, and benefits from the group’ s strong global…
The City of Franklin has reduced its property and casualty insurance costs by 12 percent following an audit that shows significant improvements compared to previous performance. Conducted by the Kentucky League of Cities in March, the Loss Control Services audit is the final assessment before the city's Fiscal Year 2026-2027 budget begins.
—President Trump's pick to lead the Federal Reserve, Kevin Warsh, has said he wants to bring“ regime change "to the central bank, but if confirmed by the Senate he will find a Fed already transformed by the White House's attacks. Outgoing chair Jerome Powell— who announced he will remain on the board of governors for a“ period of time, to be determined”— has also shown a new…
The team at Citrus Title Company in Inverness has distinguished itself, for the fifth year, as the Top Florida Agent for First American Title Insurance Company. Citrus Title is owned by local veteran Jen Duca. The award presentation was made recently by Bobbi Jo Alonso and David Roberts of First American Title Insurance, who said achieving top title agency…
Woods Aitken LLP, along with the Lincoln Human Resource Management Association and the Lincoln Journal Star, have announced the finalists for the 2026 Best Places to Work in Lincoln awards. Small companies: Americom Communications, Custom Blinds& Design and Wellbeing Initiative, Inc.. Extra-Large Companies: Ameritas Life Insurance Corp., Assurity Life…
Investors Heritage Life Insurance Company is pleased to announce that Anna Reynolds was promoted to Senior Vice President and General Counsel effective 2025.. Ms. Reynolds joined Investors Heritage in 2017 and has previously served as Associate General Counsel and Assistant Vice President. Ms. Reynolds earned her Juris Doctor from Northeastern…
The following information was released by the America's Health Insurance Plans:. During a hearing of the House Ways and Means Committee this week, lawmakers on both sides of the aisle underscored the central role of hospital systems in driving the health care affordability crisis through anti-competitive consolidation, opaque billing practices and price…
ACTING SUPERINTENDENT KAITLIN ASROW SECURES $2.25 MILLION CYBERSECURITY SETTLEMENT WITH DELTA DENTAL
The following information was released by the New York State Department of Financial Services:. New York State Department of Financial Services Acting Superintendent Kaitlin Asrow today announced that Delta Dental Insurance Company and Delta Dental of New York, Inc. will pay a $2.25 million penalty for violations of the Department's cybersecurity…
The average long-term U.S. mortgage rate rose this week, pushing up borrowing costs for prospective homebuyers in the midst of the spring homebuying season. This week’ s uptick in the average rate on a 30- year home loan follows a rise in the yield on U.S. 10- year Treasury bonds, which lenders use as a guide to pricing home loans. The 10- year Treasury yield was at 4.39%…
