Other states impacted by similar disasters are reforming their insurance laws. Legislators here are teeing up bills to follow suit. Hawaiʻi consumers would have additional protections folded into their insurance coverage after a disaster declaration if a bundle of new Senate bills introduced this session are codified into law.
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WASHINGTON— Opposing a nominee to lead the Federal Reserve is familiar territory for Massachusetts Senator Elizabeth Warren. And as the top Democrat on the Senate Banking Committee, which must approve Warsh’ s nomination, Warren is leading the attempt to derail it— a difficult task because Republicans hold the majority. “Through the years, many presidents, both…
TLDR Bitcoin dropped below $70,000 on Thursday, hitting lows of $69,101 on Bitstamp exchange during Asian trading hours The cryptocurrency has fallen nearly 20% year-to-date, with over $800 million liquidated from the crypto market in the last 24 hours Kevin Warsh’s nomination as Federal Reserve Chair triggered selling due to expectations he could shrink the […] The post…
W R Berkley Corp (NYSE: WRB), a global provider of property‑casualty insurance and reinsurance products, has drawn a mix of institutional buying and cautious analyst commentary over the past week. The company’s share price, trading at $69.19 on 2 February 2026, sits comfortably above its 52‑week low of $59.55 and still below the peak of…
Originally scheduled to be phased out on Mar. 31, 2026, the Managed Care Organization tax will be extended through the end of the year.
2025's California wildfires were the costliest natural disaster in U.S. history and the results have a Florida insurer researching an expansion there.
QE normalized huge bank reserves, so rapid QT risks liquidity stress, and the author argues policy should steer rates, not the balance sheet.
Don’t expect Kevin Warsh, or anyone else, to have any material effect on nature of the Federal Reserve or its mission.
In Japan and South Korea, a culture war playbook inspired by MAGA is fueling a new political wave on the right. Its supporters rail against supposedly rigged elections and the communist “menace” from China and North Korea, demand zero immigration and oppose civil rights for the LGBTQ+ community. The post How MAGA-Inspired Politics Are Reshaping Japan and South Korea appeared…
The Trump administration may have unintentionally thrown a bone to the real estate investment trust (REIT) industry. President Trump’s nomination of Kevin Warsh to be the next chair of the Federal Reserve provides more clarity, and more importantly, predictability to the course of rate cuts in 2026.
The Federal Reserve Bank of Cleveland recently named 33 new members to its advisory councils including 10 from Pennsylvania. The Cleveland Fed is part of the Federal Reserve, the central bank of the United States, and has two offices in Ohio and one in Pittsburgh. It serves Ohio, western Pennsylvania, eastern Kentucky and the northern […] The post Federal Reserve Bank of…
Maybe you read my last opinion on trial lawyers targeting insurance affiliates. The Trial Bar claims there’s a secret machine causing your home insurance premiums to rocket. They’ve labeled it the “affiliate siphon.” They stood on the courthouse steps, calling affiliated entities performing service work for insurers part of a “dark ritual” to hide profits, while…
MAPFRE Insurance has been denied a preliminary injunction to keep AAA Northeast from selling auto insurance policies in Massachusetts in what the insurer says is a violation of an exclusive marketing agreement it has with the auto club in the state. Superior Court Judge Kenneth W. Salinger found that the insurer failed to provide evidence to support its…
President Donald Trump last Friday announced his intent to nominate former Federal Reserve Board Governor Kevin Warsh to chair the central bank, tapping a Republican economist with industry and government street cred, but whose public displays of political obsequiousness could contribute to distrust in Fed independence.
President Donald Trump’s nomination of Kevin Warsh to lead the Federal Reserve has stalled in the Senate as lawmakers from both parties demand a delay until the Justice Department closes investigations into current Fed Chair Jerome Powell and Governor Lisa Cook.
For decades, U.S. securities regulation has treated foreign firms listed on U.S. exchanges differently from domestic issuers. Through the “foreign private issuer” (FPI) framework, the Securities and Exchange Commission (SEC) has offered foreign companies substantial accommodations such as exemptions from …
The positive is reducing exposure from a heavily regulated state versus CPT’s broader Sunbelt investment focus – Alexander Goldfarb, Piper Sandler Camden Property Trust (CPT) – an $11 billion Apartment REIT – is the latest REIT to decide to exit the California real estate market. CPT will sells its 11 properties valued at approximately $1.5…
President Donald Trump’s new pick to lead the Federal Reserve could take the central bank in a direction sharply different from the eight years under outgoing Fed Chair Jerome Powell, according to analysts.
According to the Opinion, this matter arose out of a claim presented by the Minooka Bakery to Erie Insurance for water damage sustained the interior of the property during a windstorm. After Erie denied the claim, the Minooka Bakery was seeking to commence a multi-count lawsuit against Erie, including causes of action for bad faith,…
