Similar lawsuits, including one filed by a Broken Arrow couple, have been filed against State Farm Fire and Casualty. "This lawsuit is about protecting Oklahoma homeowners and holding insurance companies accountable when they fail to honor the promises they make to policyholders," Drummond said in a media statement. The AG filed a similar lawsuit against State…
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Gavin Newsom "s plan to fund Medi-Cal, the state version of Medicaid, by raising a tax on insurance companies such as Kaiser Permanente and Anthem Blue Cross. It would replace a portion of federal dollars lost to California as the Trump administration blocks states from using a budget maneuver to tap more federal dollars for Medicaid. “The administration cannot…
—Middle-income Americans straining to pay for Affordable Care Act health insurance are unlikely to get relief next year, according to a new analysis that shows insurers in the marketplace are proposing a second straight year of double-digit premium hikes. That group includes households with incomes at or above 400% of the poverty level— about $63,000 per…
Floods are the costliest and most common natural disaster in the U.S., causing more than $8 billion in damage in 2024, according to the Federal Emergency Management Agency. In Louisiana, where flood risk is rising the fastest, according to Fathom projections, fewer than 23% of homeowners carry flood insurance; in second-ranked Florida, it's fewer than 15%.
Prosecutors Say Altered Title Policies Propped Up a Nearly $100M Real Estate Loan in Bank Fraud Case
An Orange County real estate investor pleaded not guilty in a federal bank fraud case involving a nearly $100 million real estate lending relationship and title insurance policies prosecutors say were falsified. Mahender Makhijani, 44, of Corona del Mar, was arraigned Monday in federal court in Santa Ana on charges tied to a loan made by Phoenix- based Western…
Floods are the costliest and most common natural disaster in the U.S., causing more than $8 billion in damage in 2024, according to the Federal Emergency Management Agency. In Louisiana, where flood risk is rising the fastest, according to Fathom projections, fewer than 23% of homeowners carry flood insurance; in second-ranked Florida, it's fewer than 15%.
The Texas Stock Exchange became fully operational Monday, as trading officially launched on its platform about nine months after the nascent Dallas- based exchange received approval from the U.S. Securities and Exchange Commission. Dallas- based stock broker CAPIS announced it had joined TXSE as a member in March. Meanwhile, on March 31, Texas' homegrown…
But there is at least one bright spot in downtown Hartford: One Financial Plaza, the " Gold Building. The recent announcement that high-profile law firm Shipman& Goodwin will relocate to the Gold Building— owned by partners Hartford- based LAZ Investments and Shelbourne Global Solutions LLC of Brooklyn, N.Y. since 2019— and will lease 70,000 square feet spread…
The following information was released by the National Association of Real Estate Investment Trusts:. After a notable absence, significant rates of inflation returned to the U.S. in 2021 and 2022. The rate of inflation is measured by the calendar year percentage change in the Consumer Price Index for All Urban Consumers: All Items in U.S.
North CarolinaInsurance Commissioner Mike Causey today announced the arrest of Edward Elijah Skinner, 52, of 3910 Charleston Park Drive, Raleigh. Special agents with the Department of Insurance's Criminal Investigations Division accuse Skinner of making a material misrepresentation during an automobile insurance claim by saying his vehicle had no…
For example, at that time stock exchange floors were loud places crowded with people and paper, Paul Volcker was the Federal Reserve chairman, having helped steer the country out of a period of high inflation, and a single European currency remained just an idea. Since then, staff at the New York Fed and the Bundesbank Representative Office, situated together in…
Senate candidate helped write flood insurance reform recommendations that could move flood policies into private markets ". New reporting from the Asheville Citizen-Times reveals DC insider and "recovery czar" Michael Whatley helped write recommendations for the FEMA Review Council's final report that would "push flood insurance business toward…
"The FOMC generally prohibits external communications around FOMC meetings to' reinforce the public's confidence in the transparency and integrity of the monetary policy process.'". Senators Chris Van Hollen, Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Jack Reed sent a letter to Michael Horowitz, the…
OKLAHOMA CITY— Oklahoma Attorney General Gentner Drummond filed a lawsuit Tuesday against Allstate, alleging the insurance company knowingly and systematically ripped off Oklahoma customers. The lawsuit marks the second major insurance company Drummond has sued over allegations it systematically underpaid Oklahoma homeowners for storm damage.
Imagine no more annoying robocalls. Released by The Heritage Foundation, it laid out a conservative policy blueprint for a second Trump administration. Democrats attacked the project nonstop as extreme, and Trump distanced himself from it on the campaign trail.
After its June meeting, the Federal Open Market Committee is signaling a possible interest rate hike to address the inflation instigated by the Iran war and a stronger-than-expected economy. Since September 2024, the Fed has cut the overnight bank borrowing rate by 1.75%, but inflationary pressures from the tariffs, bulging federal deficits and other…
The statewide honors were secured by the county’ s Community Development and Infrastructure Department and the Office of Response, Recovery and Resilience, which helps coordinate countywide wildfire resilience work alongside Cal Fire, local fire districts, the Resource Conservation District of Santa Cruz County, numerous community fire safe councils…
2026 JUL 07– 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“ CONNECTING MARKETS EAST& WEST” by N. Alexander Nolte NOLTE LACKENBACH SIEGEL, representing Nomura Holdings, Inc. This application was made available to the…
2026 JUL 07– By a News Reporter-Staff News Editor at Insurance Daily News– New research on Heart Disorders and Diseases- Barth Syndrome is the subject of a report. According to news reporting originating from Baltimore, Maryland, by NewsRx correspondents, research stated,“ Barth syndrome is an ultrarare, complex, multisystem, X-linked metabolic and…
