The following information was released by the U.S. House of Representatives Committee on Financial Services:. Today, the House Financial Services Committee, led by Chairman French Hill, is holding a markup of various bills that reflect the Committee's long-standing efforts to promote economic growth, protect the integrity of our markets, strengthen…
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Insurity, one of the largest software providers to the property and casualty insurance industry, today announced the appointment of Jatin Atre as Chief Executive Officer. Atre succeeds Jeff Clarke, who will continue with Insurity as Executive Chairman. Jatin Atre has been appointed Chief Executive Officer of Insurity.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of JSC Insurance Company Aldagi Group. The outlook of these Credit Ratings is stable. Offsetting factors include the company’ s onerous dividend policy, which limits its internal capital generation, as well as Aldagi’ s exposure to the moderate political risk…
The House of Representatives has passed a bipartisan bill to provide protection for insurers against acts of terrorism. “This legislation would reauthorize TRIA, the program established by Congress in the aftermath of the September 11, 2001, terrorist attacks, through 2034,” Flood said.“ We are so fortunate that we have never seen a TRIA claim in the program's…
A major risk area every business owner should know about. As a small business owner, did you know that you could be held liable for bodily injury or property damage resulting from your operations or products, even if the injury or damage occurs after the work is long done and your policy has expired? And if the damage happens after you have cancelled your insurance,…
Acrisure, a global fintech leader, today launches Asero Insurance Services, a specialty managing general agency that unifies several Acrisure- owned program administrators under a common brand in the United States. This press release features multimedia. Acrisure owns 13 US-based MGAs that collectively underwrite over $1 billion of premium, of which six…
The Federal Reserve, under pressure from President Donald Trump to cut interest rates and bend to his will, just got an important assist from the U.S. Supreme Court. Cook, the justices took up the case involving Trump's decision to terminate Lisa Cook, a member of the powerful policymaking Board of Governors of the Federal Reserve. But other recent Supreme Court…
–A 14- state coalition of attorneys general has sent Chubb Insurance a letter alleging the company may be violating Iowa consumer protection law by letting climate advocacy influence its agricultural underwriting decisions. The letter, led by Iowa Attorney General Brenna Bird, alleges that Chubb develops underwriting policy in partnership with the…
That may be fine when the tickets sold are for harmless attractions, but what mostly seems for sale in 21st- century Washington is this country's very soul. Even as the Affordable Care Act was being signed into law by President Barack Obama in 2010, it was clear it would need future adjustments. Unfortunately, that necessity has been ignored by President Donald…
NEW YORK— A Manhattan federal judge delayed Luigi Mangione's trial Monday over the killing of a health insurance executive to January, citing potential overlap with Mangione's upcoming trial on state murder charges. Mangione, 28, is accused of killing United Healthcare CEO Brian Thompson outside a hotel in Midtown in 2024.. District Judge Margaret Garnett…
EPIC Insurance Brokers& Consultants, a national insurance brokerage and consulting firm providing specialized services across select industries and client sectors, today announced the appointment of Monica Donatelli as National Surety Practice Development Leader. In this role, Donatelli will develop practice strategy, client service delivery and the…
Nearly 450,000 New Yorkers are expected to lose their health insurance through the state's Essential Plan when terms for the program change as eligibility and funding changes take effect on July 1. According to data from the state health insurance marketplace New York State of Health, nearly 14,500 residents of the 24th Congressional District, which…
Nearly 450,000 New Yorkers are expected to lose their health insurance through the state's Essential Plan when terms for the program change as eligibility and funding changes take effect on July 1. According to data from the state health insurance marketplace New York State of Health, nearly 15,000 residents of the 19th Congressional District, which…
Total direct premiums written sourced from DUAEs reached $108.7 billion in 2025, up from $92.3 billion in 2024, according to data from the National Association of Insurance Commissioners. While DUAEs have played a critical role in generating premium growth and developing coverage solutions, particularly for specialty products that cover evolving and…
Days after delivering her second son, Silke Knebel got an infection from her C-section scar that kept her in bed. This happens all the time across our country,” Knebel said, describing the realities of raising two sons as a single parent in Durham, one with severe ADHD and autism, and a serious conduct-disorder diagnosis.“ And just having a child with a disability as a…
The following information was released by the America's Health Insurance Plans:. Highlights from the Times' investigation include:. "In March, for example, a surgical assistant in Dallas earned $50,456 through arbitration for a prostate removal operation.
Former Federal Reserve Chairman Alan Greenspan passed away last week at the age of 100. As a result, the cult of the Federal Reserve chairman reached new heights under Greenspan. New Republic reporter Stephen Glass wrote about Wall Street professionals maintaining a shrine to Greenspan.
WASHINGTON- The U.S. Supreme Court refused on Monday to let Donald Trump fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank's cherished independence against an unprecedented challenge by the Republican president. In that ruling, involving Trump's dismissal of a Federal Trade Commission member, the court expanded…
Attorney General Phil Weiser today issued the following statement after the U.S. Supreme Court ruled in Trump v. Cook that Congress may protect the independence of the Federal Reserve, while ruling in Trump v. I welcome the Supreme Court' s decision preserving the Federal Reserve's independence, which helps promote economic stability, support job growth, and…
