—The Senate Banking Committee voted on party lines Wednesday to approve Kevin Warsh as the next chair of the Federal Reserve to replace Jerome Powell, a longtime target of President Donald Trump’ s insults for not cutting borrowing costs as far as the president wanted. The vote was 13-11, with all Republican senators voting in favor and Democrats opposed.
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A new Issues Brief from the Insurance Information Institute found that legislation moving through the Illinois General Assembly would likely make property/casualty insurance less affordable and less available for consumers by constraining insurers’ ability to price risk accurately, without addressing the underlying causes of rising premiums.
—Kevin Warsh, Trump's nominee for Fed Chair, heads to full Senate vote after he is approved by Senate Banking Committee.
Denver- based Rachel McCarter has joined Alliant Insurance Services as Vice President within its Employee Benefits Group. McCarter earned a bachelor’ s degree in finance and economics from the University of Alabama and holds Group Benefit Disability Specialist and Voluntary Benefit Specialist certifications. Alliant Insurance Services stands among…
Miami judge orders insurer to cover cancer patient’s $48K drug. Here’s what to know
A Miami-Dade judge ordered Oscar Health Insurance to authorize and pay for a Stage 4 pancreatic cancer patient’ s recurring $48,500 oral medication. •The ruling: Miami-Dade Circuit Judge Migna Sanchez-Llorens ordered Oscar Health to cover Pablo Langesfeld’ s prescribed cancer drug. Oscar Health has up to 30 days to appeal.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of New Zealand Medical Indemnity Insurance Limited. The outlook of these Credit Ratings is stable. NZMII’ s balance sheet strength is underpinned by its risk-adjusted capitalisation, which was at the strongest level as of 31 March 2025, as measured by Best’ s…
—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 Trump…
First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, today introduced AgentNet ® Assist: Title Intelligence, a new capability that helps title professionals move from document navigation to decision-making more quickly using…
AM Best Managing Director Greg Williams will join a panel discussion during The Insurer’ s upcoming Program Manager Conference and Awards on May 21, 2026, at Convene Brookfield Place in New York City, NY. Williams oversees a team of senior analysts who are responsible for monitoring and evaluating insurance companies that operate in the personal lines,…
SDNY COURTHOUSE, April 27– JPMorgan Chase bought a start-up called Frank, which claimed to have 4 million students signed up to file their FAFSA forms, for $175 million. On January 24, 2025 Inner City Press published the first book on the case, Fintech Fraudster? On September 29 Inner City Press live tweeted; Judge Hellerstein after breaking from 1 pm to 2:40 pm…
Alliant Insurance Services has added Matthew Friedson within its Employee Benefits Group as First Vice President. He has been recognized by Washingtonian Magazine as a Top Wealth Adviser and was named to the publication’ s Top Wealth Adviser Hall of Fame in 2023.. Alliant Insurance Services stands among the nation’ s top insurance brokers and consultants,…
SHAMOKIN— Myers& Lynch Insurance Inc. is in a new location but still offers a wide range of personal and commercial insurance coverages. The agency moved two months ago to its new location at 125 W. Commerce St. in Shamokin. Myers& Lynch employees— President Anthony Rosini; Michael Shaffer, senior account executive; Cynthia Hannis, senior personal lines manager;…
A federal agency says Illinois can't limit credit card swipe fees for federally chartered banks, even though a federal judge earlier this year ruled that it could. Two interim filings posted last week by the Office of the Comptroller of the Currency, an independent subsection of the U.S. Treasury Department, represent the latest twist in a two-year legislative…
I'd like to thank Representative Bobby Kauffmann for his service to the State of Iowa and for his leadership in passing Senate File 2421, which brings commonsense insurance reform to our state. This legislation delivers much-needed, meaningful improvements to Iowa's health insurance system. Iowa has long valued practical, common-sense solutions to…
I'd like to thank Representative Bobby Kauffmann for his service to the State of Iowa and for his leadership in passing Senate File 2421, which brings commonsense insurance reform to our state. This legislation delivers much-needed, meaningful improvements to Iowa's health insurance system. Iowa has long valued practical, common-sense solutions to…
Two major central bank policy meetings today, at the US Federal Reserve and the Bank of Canada, will be closely watched for detailed forecasts and hints. The most important, the Federal Reserve, will be meeting later, while the Bank of Canada will be meeting first. The Fed is expected to hold rates until December 2027, a more conservative approach driven by the energy…
Humana Inc. today reported consolidated pretax results and diluted earnings per share for the quarter ended March 31, 2026 versus the quarter ended March 31, 2025 as noted in the tables below. The company today confirmed that George Renaudin, Insurance Segment President, will retire effective June 29, 2026, consistent with the timeline previously…
The following information was released by the Insurance Information Institute:. A new Issues Brief from the Insurance Information Institute found that legislation moving through the Illinois General Assembly would likely make property/casualty insurance less affordable and less available for consumers by constraining insurers' ability to price…
The plea was announced by John P. Heekin, United States Attorney for the Northern District of Florida. We have zero-tolerance for such criminality in the Northern District of Florida and will seek maximum punishments to keep our public officials safe. " Court documents show that the Defendant made multiple online threats of violence directed at President…
