The absence of U.S banks from trading yesterday led to a cautious Monday while a long holiday weekend within North America likely allowed for nervous sentiment to simmer as traders brace for the global markets to gyrate, this as the long summer slumber has now officially ended. The USD/ZAR is trading within a tentative marketplace early today as it awaits the…
Newswires
The U.S. property/casualty industry recorded $31.2 billion in net underwriting income in the first half of 2026, nearly three times the $10.9 billion posted in the same prior-year period, according to a new AM Best report. Also driving the net underwriting gain was a 3% increase in net earned premiums and a 5% decline in incurred losses and loss-adjustment…
San Francisco: On Sept. 4, President Trump issued a directive to the Federal Reserve and Chair Kevin Warsh that interest rates had better be lowered or he "ll stop trading with countries the U.S. has a trading deficit with. It "s also important to recognize that the Federal Reserve" s independence, which the president "s language clearly aims to undermine, is essential…
Illinois hospitals stand to lose upwards of $4 billion in revenue over the next several years due to impending changes in Medicaid rules that limit states' ability to direct higher reimbursement payments to facilities that serve the most vulnerable populations. And unless Congress acts to reverse those policies before they take full effect, IHA officials…
"Guzman Fralick also said she still opposes the Affordable Care Act… In a recent interview on Nevada Newsmakers, Guzman Fralick referred to an example from her time as a lawyer in Gov. Guzman Fralick wanted the state to file a lawsuit against a provision in the Affordable Care Act requiring people to sign up for health insurance.
ALBANY— The state Department of Financial Services has authorized the next round of health insurance premium rates for 2027, allowing companies to hike premiums by between 6% and 8%. Under state law, the agency has the power to approve, deny or modify the rate structures that health insurers in New York plan to set for their customers, with the exception of some…
2026 SEP 07– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on Heart Disorders and Diseases- Heart Failure have been published. According to news reporting from Springfield, Massachusetts, by NewsRx journalists, research stated,“ To understand factors that distinguish higher-performing accountable care organizations…
BOSTON& SYDNEY, Australia—- Berkshire Hathaway Specialty Insurance today announced that it has introduced its Professional First Venture Capital Liability Insurance Policy in Australia, offering tailored coverage for venture capital managers and funds. “Australia’ s venture capital sector continues to mature, and the risks facing fund managers are…
Bitcoin was trading near $79,800 on Saturday, September 6, according to Investing.com, after pulling back from a three-month high above $82,000 reached Thursday. The retreat followed stronger-than-expected U.S. jobs data that raised fresh expectations for a Federal Reserve interest rate increase at its September 15-16 meeting. The U.S. Labor Department…
Two smoke-damage bills awaiting the governor's signature address a longstanding issue brought to the fore by the Los Angeles County fires: When is it safe for wildfire survivors to move back into their homes? After the deadly January 2025 fires, which destroyed more than 16,000 structures, the state Insurance Department estimates that more than 13,000 out of…
Bill Lee has proclaimed September as Life Insurance Awareness Month, according to a press release from the Tennessee Department of Commerce& Insurance. "Life insurance is a critical insurance product, and our entire team fully supports Governor Lee's proclamation, which should remind all Tennesseans to assess their families' financial needs," said TDCI…
SPRINGFIELD— Illinois hospitals stand to lose upwards of $4 billion in revenue over the next several years due to impending changes in Medicaid rules that limit states' ability to direct higher reimbursement payments to facilities that serve the most vulnerable populations. And unless Congress acts to reverse those policies before they take full effect,…
A $30 million settlement has been reached related to sexual abuse claims filed against the Diocese of Winona. Jeff Anderson& Associates PA in St. Paul announced Thursday the settlement with U.S. Fire Insurance Co., the diocese’ s largest insurer. That settlement included parishes and schools and insurers LMI and Interstate, but not United States Fire.
While day traders will certainly look at the USD/MXN with interest this morning, they also need to remember that the U.S Labor Day holiday is in effect today. Not only are U.S banking systems mostly closed, but so are Canadian banks. The U.S will release key inflation numbers this coming Friday with the Consumer Price Index results, then on the 16th of September the…
Should I put my newly licensed teen driver on my auto insurance policy, or should he have his own? Does it pay to shop around or should I stick with my agent? Are there meaningful discounts for teen drivers?
President Trump warned that the Federal Reserve must lower interest rates or else he will cut off trade with countries that sell a ton of goods to the U.S. but don’ t buy as much from American producers. Mr. Trump tied trade deficits with other countries, a longtime fixation of his, with interest rates as the central bank gets skittish about stubborn inflation and…
The Iowa Insurance Division is warning Iowans about a multistate identity theft and insurance fraud scheme that regulators say targets job seekers and prospective insurance agents. According to the division, scammers are contacting people and encouraging them to obtain an Iowa resident insurance producer license, promising to handle sales leads and…
The Securities and Exchange Commission today charged Daniel Chu, Jerome Kollar, and Ameryn Seibold, the former CEO, CFO, and Senior Director of Finance, respectively, at Texas- based Tricolor Holdings, LLC, for their roles in an alleged multi-year scheme to defraud investors by double pledging hundreds of millions of dollars of subprime auto loans to multiple…
The Securities and Exchange Commission today announced charges against purported investment advisor Ichcoin Tech Corp. for allegedly making false statements in its filings with the SEC regarding its eligibility to be an exempt reporting adviser as well as its purported office location and other relevant identifying information.
