—The Senate confirmed President Donald Trump’ s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy. The Fed has faced threats to its independence from Trump, who has repeatedly attacked Powell for not cutting interest rates. Trump also sought to fire Fed…
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Pet ownership rose to 95 million U.S. households in 2025, the American Pet Products Association reported, with Americans projected to spend $165 billion on pet care in 2026. “Pets are deeply integrated into American households, but with that companionship comes financial responsibility and risk,” said Triple-I CEO Sean Kevelighan.“ Our latest Issues Brief…
OneShield, a provider of modern core systems for commercial property& specialty insurers and MGAs, today announced that the Medical Assurance Company of Mississippi has selected OneShield Market Solutions as its full-suite core platform. Founded in 1976 in response to a medical malpractice crisis in Mississippi, MACM was created by physicians for…
Insurity, a leading provider of cloud-based software for property and casualty insurers, brokers, and MGAs, today announced new investments in Insurity Marine Suite across customer experience, ecosystem connectivity, vessel intelligence, and compliance support, reinforcing its continued leadership in the marine cargo insurance market and its…
Washington Court of Appeals this month revived a legal fight against health insurers' blanket refusals to cover weight loss medications like Ozempic and Wegovy. The drugs are approved by the Food and Drug Administration for the treatment of obesity among other conditions. The recent ruling stems from a lawsuit filed by Ellensburg resident Jeannette…
–AAA says the average price for a gallon of regular unleaded gasoline is now $5.03 in Illinois, up from $4.97 on Tuesday. Illinois imposes a fuel tax of 48.3 cents per gallon. The Illinois House Insurance Committee has unanimously passed legislation to expand health insurance coverage that includes rehabilitative and habilitative services for children…
Humana’ s Medicaid managed care plan, Healthy Horizons in Louisiana, has committed more than $1 million in strategic investments to expand access to care, address chronic disease, and strengthen behavioral and maternal health supports across Louisiana. “Louisiana families deserve opportunities for better health— no matter where they live,” said Michelle…
Producer prices rose 6% from a year earlier, the highest point in more than three years, as the Iran war pushes up energy prices and intensifies pressure on companies to pass along their rising costs to consumers. All of the numbers released Wednesday caught economists off guard and altered the dynamic at the U.S. Federal Reserve and its fight against inflation.
May 12— Brad Heppner, the founder of Beneficient, a Dallas- based financial services company, was convicted by a jury late last week on numerous fraud charges related to a multiyear, $150 million loan scheme. "Heppner used shell companies to hide his scheme," U.S. Attorney Jay Clayton said in a statement. Benjamin O'Neil, a Washington, D.C.- based lawyer who served as…
The following information was released by the Consumer Bankers Association:. Consumer Bankers Association President and CEO Lindsey Johnson issued the following statement in response to the U.S. Senate voting to confirm Kevin Warsh as a Board member for the Federal Reserve, appointed to a 14- year term:. "CBA congratulates Kevin Warsh on his confirmation to…
The following information was released by the Insurance Information Institute:. As pet ownership rises across the United States, so do the financial, liability and insurance considerations that come with it, according to the Insurance Information Institute's latest members-only Issues Brief, Pet Insurance: State of the Risk. "Pets are deeply integrated into…
Empathy, the technology company transforming how the world plans for and navigates life’ s hardest moments, and LIMRA, today announced new research examining how the life insurance claims experience shapes long-term customer relationships. U.S. life insurers pay out almost $100 billion in death benefits each year, yet fewer than one in ten beneficiaries go on…
Today's U.S. CPI backs the new chair of the Federal Reserve into a corner on interest rate cuts, warns the CEO of one of the world's largest independent financial advisory organisations. The warning from Nigel Green of deVere Group comes as fresh inflation data and a geopolitical energy shock collide with a politically charged transition at the Federal…
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. The report, from healthcare consumer advocacy organization…
HARTFORD, CT— State officials marked Mental Health Awareness Month Monday by restating Connecticut's commitment to ensuring that health insurers provide their customers with equitable access to mental health treatment Tuesday during a news conference at the state Capitol. Ned Lamont, Attorney General William Tong, Comptroller Sean Scanlon, and state Rep.
More than 40,000 pregnant people in Texas waited more than a month for the state to process their Medicaid applications— which an advocacy group said could delay vital prenatal care. Medicaid covers almost half of all births in Texas— representing more than 185,000 births in 2023. Texas is one of 10 states that hasn't expanded Medicaid to include low-income…
The Bowdon City Council on Monday approved Munich Re's quote of $125,819 to provide liability insurance for all city equipment and buildings. The issue has significant statewide impact on all Georgia cities and how municipal liability is applied, and many cities across the state have formally lent their support to Milton, including cities in west Georgia.
According to the JD Power 2026 U.S. “As insurance prices have started to come down nationwide, a massive volume of active customers and new prospects are comparison shopping and hunting for information on insurer websites and mobile apps,” said Eric McCready, director of digital solutions at JD Power.“ Likewise on the customer service side, the digital channel is…
Kevin Warsh is now likely to secure Senate approval as the next Federal Reserve chair– and become arguably the most powerful central banker in the world. The Senate confirmed him for a new 14- year term on the Fed's Board of Governors on Tuesday. The 51-45 vote to confirm President Donald Trump's nominee fell along partisan lines, with Republicans supporting and…
