When Kevin Warsh takes over as Federal Reserve chair, he will face vocal internal opposition to any attempts to cut rates prematurely. His predecessor will also still be roaming the halls. Why it matters: Taken together, Wednesday’s news out of the William McChesney Martin Jr. Building means that Warsh will face serious constraints if he wants to rapidly steer the Fed in ways that…
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Federal Reserve chair Jerome Powell said on Wednesday that he will remain a central bank governor "for a period of time to be determined," citing attempted political interference. Why it matters: It extends Powell’s influence over monetary policy beyond the conclusion of his term as Fed chair on May 15. His term as one of seven Fed governors extends through January 2028. It denies…
The Federal Reserve left interest rates steady Wednesday in what was almost certainly Jerome Powell’s final meeting as its leader, but there were the most internal dissents at a Fed meeting in 34 years. The big picture: The surprising dissents show that Kevin Warsh, whose confirmation to lead the Fed is pending in the Senate, will face significant internal resistance to delivering…
Vinci Compass Investments NASDAQ: VINP reported record fee-related earnings for the first quarter of 2026, with management highlighting growth in assets under management, contributions from the Verde consolidation and continued expansion across Latin America.
Property and casualty insurance companies process millions of claims annually, according to the Insurance Information Institute. This includes those related to contractor and construction damage. There are several disputes regarding contractors’ insurance claims in the US involving challenging the findings, payout amount, or denial decision made by an insurance company after…
TOPEKA — Kansas state employees can choose between two health insurance companies after the Health Care Commission voted Monday to move forward with Aetna and Blue Cross Blue Shield of Kansas. Commission members debated whether to choose Aetna, dropping Blue Cross, for the state’s health insurance beginning Jan. 1, 2027, to save an estimated $240…
Many Michigan drivers expected auto insurance costs to keep falling after the state’s major no-fault reform changes. Instead, some residents are opening renewal notices this month and discovering that premiums are rising again, particularly in policies tied to Personal Injury Protection coverage. The latest increases are connected to ongoing adjustments involving PIP selections,…
Welcome back to Diagnosis, a vertical focused on the intersection of healthcare policy and politics. ___ New budget bills released before the Special Session show that the House is sticking to one of its main priorities from the Regular Session.
MetLife NYSE: MET reported a strong start to 2026, with executives telling analysts that first-quarter results reflected broad-based growth across its operating businesses, favorable underwriting trends and disciplined capital management under its New Frontier strategy.
The tanker ship Viktor Titov is illustrative of a systemic issue posed by Russia’s circumvention of sanctions that Western policymakers have so far been unable to meaningfully address. As part of Western countries’ sanctions regime against Russia since the outbreak of the Ukraine war, Washington unrolled its largest action package in January 2025, targeting 183 vessels that…
High insurance costs and limited usability are preventing access to mental health care, increasing untreated needs and impacting overall community health and stability.
The Trump administration is indefinitely delaying a Medicare pilot program to cover weight-loss drugs after health insurance companies voiced concerns about participating, federal officials said Tuesday. Why it matters: It’s a blow to the administration after President Trump last year touted deals with Eli Lilly and Novo Nordisk to cut prices on GLP-1 drugs in exchange for access…
Five years ago, inflation was taking off, and Federal Reserve leaders wrongly believed that it would be transitory. Now, leaders of the central bank are focused on how to avoid repeating that mistake. The big picture: The U.S. is facing an eerily familiar backdrop of price shocks, and the Fed is trying to avoid a repeat of its biggest forecasting error of recent years. Fed chair…
Heritage Insurance (NYSE:HRTG – Get Free Report) had its price target reduced by research analysts at Truist Financial from $39.00 to $36.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the insurance provider’s stock. Truist Financial’s price objective would indicate a potential upside of 62.90% from…
West Virginia hospitals charge commercial insurance prices that are among the highest in the United States, according to a report released Thursday. According to the report, West Virginia hospitals charged on average prices that are 337% of the rate that Medicare charges for the same services. Only two states — Florida and South Carolina — […]
Last month, the Indiana Family and Social Services Administration (FSSA) announced it is seeking to recoup nearly $200 million in alleged improper payments from five “high-risk” attendant care agencies. The audit results were not just disappointing; they were deeply concerning. In a sample of claims, auditors found errors in nearly all claims reviewed, with some […]
Next Friday, May 15, marks the end of Jerome Powell’s term as chairman of the U.S. Federal Reserve, a key player in the U.S. economy, who in recent months has had clashes with President Donald Trump, who criticized him for not lowering interest rates. The president nominated Kevin Warsh to take over as chair of the central bank, but he does not meet the legal requirements…
For most of this year, Wall Street has been trading on a fairly simple idea: inflation was cooling, the Federal Reserve would eventually cut rates, and markets could keep pushing higher without much standing in the way. Goldman Sachs has pushed back its forecast for when the Federal Reserve could begin cutting interest rates, pointing to growing inflation…
Florida is poised to feel the greatest impact if national flood insurance is privatized as recommended.
