The Federal Reserve raised interest rates on Sept. 16 for the first time since 2023. On a $300,000 loan, increasing the mortgage rate from 6.75% to 7.75% raises the rent needed to maintain the same debt coverage by 8.3%. The Fed's outlook may matter more than the hike.
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Insurance companies are starting to write new policies in California again after years of holding back as wildfire risks climbed higher. The state Insurance Department says that means departing Commissioner Ricardo Lara's new regulations, intended to boost insurance availability, are working. Ben Armstrong, Consumer Watchdog's actuary, is tracking…
Insurance protects household finances against worst-case scenarios. Yet people shopping for quotes focus only on price. This approach has a major flaw.
Florida homeowners aren’ t buying it. Most homeowners– Democrats and Republicans alike– say the state’ s vaunted 2022-23 property insurance overhaul has primarily benefited the insurance industry, not the consumers who were promised relief. Those are the key findings of a landmark survey of 1,511 Florida property insurance policyholders by the South Florida…
Ten days ago, the Florida Senate demanded that the Orlando Sentinel and South Florida Sun Sentinel destroy a long-hidden state report detailing property insurers’ payments of millions to sibling companies whose profits remained secret. The existence of the 2022“ Affiliated Fee Analysis” of insurer profits and losses, performed for the state Office of…
The following information was released by the California Department of Financial Protection and Innovation:. According to a 2024 McKinsey and Company report, 92 percent of consumers in the United States report having made some form of digital payment over the past year. According to the Federal Deposit Insurance Corporation, credit and debit cards both…
Montana Attorney General Austin Knudsen led a 22- state coalition of attorneys general in urging the U.S. Securities and Exchange Commission to strictly scrutinize Moody's Corporation, a credit rating agency, after the agency published a report that relies on false environmental, social, and governance predictions. In the letter to K. Scott Davey, acting…
Today, Representatives Alexandria Ocasio-Cortez, Ayanna Pressley, Ami Bera, andU.S.Senators Patty Murray, Mazie Hirono andCatherine Cortez Masto reintroduced their bicameralAffordability is Access Act. Throughout the press conference, speakers discussed the administration's moves to cancel teen pregnancy prevention grants, their attempts to…
Representative Veronica Escobar led the Democratic Texas Delegation in a letter to the Social Security Administration Office of the Inspector General requesting an investigation into the wait times for processing Social Security Disability Insurance applications, which have seen a substantial increase over the past 21 months. Over the last 21 months,…
Senator Patty Murray, Vice Chair of the Senate Appropriations Committee and former chair of the Senate Health, Education, Labor, and Pensions Committee, held a press conference with Senators Mazie Hirono and Catherine Cortez Masto on the reintroduction of their bicameral Affordability is Access Act. Senator Murray was also joined by Dr.
The following information was released by Virginia Senator Mark Warner:. Mark R. Warner today introduced the Health for the Commonwealth through Affordability, Reform, and Expansion Act of 2026, or the Health CARE Act, sweeping legislation to lower costs, expand coverage, and make it easier to access the care they need. "Our current health care system makes it hard…
Senator Catherine Cortez Masto joined Senators Patty Murray and Mazie Hirono to reintroduce their bicameral Affordability is Access Act. This legislation would require insurers to fully cover over-the-counter birth control without any fees or out-of-pocket costs, once it's FDA- approved. "Congress must pass theAffordability is Access Actto expand…
NEW YORK/ LONDON- US Treasury yields rose and the 30- year bond yield touched its highest level since 2004 on Thursday, with the recent rout in bond prices deepening as more Federal Reserve officials said additional interest rate hikes may be needed to curb high inflation. The comments from the Fed policymakers, including Philadelphia Fed President Anna…
Amid a surge in the national debate about the dangers of artificial intelligence, Comptroller Sean Scanlon on Wednesday, September 16 announced regulations governing the use of AI technology by health insurance companies that administer benefits for the state employee health plan— rules he wants lawmakers to extend more broadly in 2027..
New Mexico Superintendent of Insurance Alice Kane on Wednesday defended her decision to approve a significant health insurance rate increase before members of the powerful Legislative Finance Committee. “I’ m not looking forward to paying 24% more, either, but the rates that we approve are actuarially justified based on the data that is submitted and matches…
The Federal Reserve raised interest rates on Sept. 16 for the first time since 2023. On a $300,000 loan, increasing the mortgage rate from 6.75% to 7.75% raises the rent needed to maintain the same debt coverage by 8.3%. The Fed's outlook may matter more than the hike.
2026 SEP 24– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators discuss new findings in Agriculture- Crop Insurance. For more information on this research see: Reducing Costs of the Federal Crop Insurance Program: Stated Versus Realized Premium Subsidy Rates. Journal of Agricultural and Resource Economics, 2026; 51: 470-483. Journal of…
2026 SEP 24– By a News Reporter-Staff News Editor at Health Policy and Law Daily– In the 46 years since Dolly Parton wrote the workers’ anthem“ 9 to 5”, American jobs, and access to employment-based health insurance, have changed a lot. The study is published in JAMA Network Open by a team from Mount Sinai Hospital and the University of Michigan, who note that volatile or…
Under the Clarifying Law Around Insurance of Marijuana Act, insurance companies would no longer face federal criminal prosecution for providing insurance to qualifying cannabis businesses. The bipartisan House bill was introduced by Reps. Nydia M. Velázquez and Warren Davidson.
