Oklahoma Attorney General Gentner Drummond filed a new lawsuit Wednesday, June 24, against State Farm Fire and Casualty Company, alleging the insurer engaged in a coordinated scheme to wrongfully deny or underpay legitimate hail and wind damage claims submitted by Oklahoma homeowners. Filed in Cleveland County District Court, the lawsuit alleges State…
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Guardant Health, Inc., a leading precision oncology company, today announced its Shield™ blood test for colorectal cancer screening is now covered for eligible UnitedHealth Group members 1, making it the first major commercial insurer to provide coverage for adults 45 or older amid rising CRC rates for adults under 65 2 and mortality for younger adults as the…
As a result, the state Department of Health Services said it is hoping to see a decrease in maternal and infant mortality, and an uptick in new mothers accessing mental health and substance abuse services, the leading causes of death for new moms in their babies' first year of life. "Continuous coverage during the first year after pregnancy is critical to help moms…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Motors Insurance Company Limited. The outlook of these Credit Ratings is stable. MICL is a wholly owned subsidiary of AmTrust International Insurance, Ltd., which is a member of the AmTrust Group.
Erica Champ has a serious toothache. One tooth has erupted through her gum. Another throbs below the surface.
Insurance rates have skyrocketed since the pandemic, and jaw-dropping renewal notices have left many consumers stretched thin when it comes to protecting their assets. Nearly half of Americans with auto insurance and homeowners insurance say they're stressed about their premiums, according to a recent NerdWallet survey. Even as affordability…
We say it a lot: The Federal Reserve doesn't set mortgage rates. But keeping the U.S. economy stable is the Fed's job, and so yes, the central bankers' plans and actions certainly influence mortgage interest rates. We get rate cuts when the Federal Reserve needs to shore up employment.
—New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought. The Fed typically combats inflation by raising borrowing costs. Such comments suggest that Warsh has shifted his views since replacing Jerome Powell as…
NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.Imagine an all-in-one financial product that lets you save for retirement tax-free while protecting your loved ones. Influencers promise a "recession-proof retirement," a message that…
Winged Keel Group today announced it has acquired SBSI, Inc., a Chicago- based independent insurance advisory firm serving ultra high net worth and family office clients nationwide. SBSI, Inc., which has an established Private Placement Life Insurance practice, is led by Howard Sharfman and Warren McGuire, two highly respected industry leaders.
The following information was released by the American Public Power Association:. The House on June 29 approved H.R. 7128, the Terrorism Risk Insurance Act Program Reauthorization Act of 2026, by a vote of 373-15. APPA supports the bill. S. 4395 has been introduced as an amendment to the Fiscal Year 2027 National Defense Authorization Act by Senators Dave…
First Bank's independence from presidential authority was cited as precedent on the first page of Tuesday's 5-4 Supreme Court decision that backed the independence of the Federal Reserve. "The United States has a long tradition of independent central banking," Roberts wrote, noting that Philadelphia- based central banking enjoyed "independence from the…
AGOURA HILLS, Calif.& FRANKFURT, Germany—- Regnology, a leading provider at the intersection of regulatory, risk, and supervisory technology, today announced it has entered into a definitive agreement to acquire Fed Reporter, the market-leading U.S. provider of regulatory reporting solutions for financial institutions of all sizes, including banks, credit…
Additionally, Empathy Connect™, a Product that brings together legacy planning, bereavement support, and enterprise solutions into one connected experience for insurance and financial professionals, is now available to tens of thousands of Transamerica appointed agents across the U.S. Empathy covers millions of policyholders across North America and…
MassMutual today announced that it rose to No. 100 on the 2026 Fortune 500 ® 1 list, placing the company among the top 100 largest U.S. companies by revenue, continuing its streak of more than 30 consecutive years on the list, and reflecting its strong 2025 performance as the company marks its 175 th year in business. The Fortune 500, now in its 72nd year, ranks the…
How a hurricane-ravaged town partnered with FEMA to reduce risk, cut costs, and build back smarter. Eventually, FEMA determined that the town was no longer fully complying with the National Flood Insurance Program. As a result, Fort Myers Beach was placed on probationa designation that added a $50 surcharge to every federal flood insurance policy in the…
Arthur J. Corvese and Sen. Stefano Famiglietti to protect patients from having their health insurance claim denied because of their insurer or healthcare provider's belief that another party may be liable. Daniel J. McKee signed last week following its passage by lawmakers on June 10, prohibits insurers and healthcare providers from denying the payment of a…
Indiana hospitals are reporting a double-digit increase in the percentage of emergency department visits since the start of 2025– a rate that is expected to climb as more Hoosiers go without health insurance or opt for high-deductible plans to offset surging premiums. Another 400,000 Hoosiers are no longer covered by Medicaid since the Indiana Family and…
Ms. Bewlay will report to Eric Andersen, President& Chief Executive Officer of AIG, and join the Company’ s Executive Leadership Team. In this role, Ms. Bewlay will have responsibility for AIG’ s underwriting strategy, including advancing underwriting management best practices and overseeing the Company’ s global underwriting organization and its focus on…
