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Cost of health insurance got you down? Maybe run for school board

February 4, 2026

That "s a not-inconsequential $24,000 a year, vaulting Orange Unified" s members into the upper echelons of school board compensation in Orange County. Where else can you find a part-time gig that pays just a few thousand dollars for the work, but provides health benefits in excess of $20,000, $30,000, $40,000, even $50,000 a year? Consider: Two board members for the…

AM Best Affirms Credit Ratings of Mohandes Insurance Company

February 4, 2026

Despite Mohandes’ conservative investment allocation by asset class, given the concentration of its assets in Egypt, in line with regulatory restrictions, the company’ s balance sheet is exposed to potential volatility, reflecting the country’ s high economic, political and financial system risks. AM Best notes that ROE should be viewed in light of the high…

AM Best Assigns Credit Ratings to Berkshire Hathaway International Insurance Limited

February 4, 2026

BHIIL is a wholly owned subsidiary of National Indemnity Company, the lead operating company of the National Indemnity Group. The ratings of BHIIL reflect its key role within the National Indemnity group, which is further supported by common ownership and material reinsurance support from its parent company. BHIIL is one of the group’ s main platforms for…

St. Clare relocation part of La Crosse free health clinic's $3.2M expansion plan

February 4, 2026

St. Clare Health Mission officials announced Tuesday that the clinic will move to a new building in downtown La Crosse. St. Clare has seen a 190% increase in patient visits in the past five years— and more growth is expected as health insurance premiums rise nationally. As insurance costs rose in 2026, St. Clare officials expect more people to rely on the…

Insurance Collaboration to Save Lives and Voluntary Advantage Announce Partnership to Build Healthier, More Resilient Workplaces

February 4, 2026

Insurance Collaboration to Save Lives and Voluntary Advantage today announced the launch of the Workforce Advisor Coalition, a strategic partnership designed to empower voluntary benefits advisors with prevention-focused solutions at a time of sustained post-pandemic health decline across the workforce. “At Voluntary Advantage, we are excited about…

Somerset Re Appoints New Chief Financial Officer and Chief Legal Officer as Firm Builds on Record-Setting Year

February 4, 2026

Somerset Reinsurance Ltd., a leading provider of asset-intensive reinsurance solutions to the life and annuity market, today announced the appointments of Steve Belcher as Chief Financial Officer and Joelina Redden as Chief Legal Officer. Mr. Belcher is responsible for the firm’ s financial and capital management, as well as its accounting, tax and financial…

United Heritage Life Insurance Company goes live on Equisoft’s cloud-based policy administration system

February 4, 2026

-Equisoft, a leading global digital solutions provider to the financial services industry, is pleased to announce that United Heritage Life Insurance Company has successfully gone live with their annuity products on Equisoft/ manage, a modern SaaS policy administration system for life insurance and annuities. United Heritage selected Equisoft’s…

CBL Holds Policy Rate At 16.25 Percent, Citing Falling Inflation, Economic Resilience

February 4, 2026

The Central Bank of Liberia has maintained its Monetary Policy Rate at 16.25 percent, expressing confidence in the continued moderation of inflation and the resilience of the domestic economy, following its Monetary Policy Committee meeting held on January 28, 2026. In a communiqué issued after the meeting, the MPC said the decision reflects sustained…

Lawmakers wonder if State Farm is writing Oklahoma insurance law

February 4, 2026

A curious bill from Oklahoma's last legislative session has some politicians wondering how much Oklahoma insurance law is being written by insurance companies. Mark Tedford, R- Tulsa, presented Senate Bill 726 to the Oklahoma House of Representatives. Emily Gise, R- Oklahoma City, took the floor to pose a question to Tedford.

February Mortgage Outlook: At Least Mortgage Rates Are Calm

February 4, 2026

At their Jan. 27-28 meeting the Federal Reserve opted to maintain the federal funds rate's current level. The Fed had a three-meeting streak of rate cuts going at the end of 2025, brought on by concerns about the labor market. The Fed felt good enough about the job market to pause its rate cuts last month.

NAIC ANNOUNCES 2026 CONSUMER LIAISON REPRESENTATIVES

February 4, 2026

The following information was released by the National Association of Insurance Commissioners:. The National Association of Insurance Commissioners recently named 43 consumer liaison representatives for 2026. "The involvement of many unique and informed voices in our state-based system of insurance regulation remains a core strength that helps set…

The Fed didn’t cut interest rates. Here are 5 things to watch next

February 4, 2026

The Federal Reserve left interest rates alone at its first meeting of the year, keeping borrowing costs at a multiyear high for Americans as policymakers grow more cautious. Before restarting rate cuts, policymakers will likely want to see convincing evidence that either inflation is retreating back to 2% or that the labor market is starting to lose more…

Close to Home: U.S. health care — it's déjà vu all over again

February 4, 2026

John Shearer, published a Close to Home column in The Press Democrat advocating a single-payer national health care system in the United States— "Medicare for All." Having been a family practice physician in Petaluma for decades, he cared deeply about his patients and took it personally when private insurers' refusals to cover treatments led to instances of…

DIFS DIRECTOR ANITA FOX SELECTED TO SERVE IN LEADERSHIP ROLES FOR THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS AND THE INTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORS

February 4, 2026

Michigan Department of Insurance and Financial Services Director Anita Fox has once again been selected to serve in several key roles at the National Association of Insurance Commissioners and at the International Association of Insurance Supervisors in 2026. These roles will ensure that Michigan has a strong voice in insurance regulation and public…

U.S. ECONOMY: THE ROAD AHEAD

February 4, 2026

The following information was released by the Federal Reserve Bank of Richmond:. President, Federal Reserve Bank of Richmond. These are my thoughts only and not those of anyone else on the Federal Open Market Committee or in the Federal Reserve System.

BROOKLYN BANKER PLEADS GUILTY TO LAUNDERING PROCEEDS OF MEDICARE FRAUD FOR TRANSNATIONAL CRIMINAL ORGANIZATION

February 4, 2026

A New York man pleaded guilty today to participating in a scheme to launder more than $8 million in health care fraud proceeds through a U.S. bank on behalf of a transnational criminal organization. According to court documents, Renat Abramov, 36, of Brooklyn, a former relationship manager at a U.S. bank branch in Sheepshead Bay, used his position to aid a…

REP. CHU AND SEN. SCHIFF LEAD CALIFORNIA DELEGATION MEMBERS IN CALLING ON MAJOR INSURANCE COMPANIES TO ENSURE LOS ANGELES FIRE VICTIMS RECEIVE FAIR COMPENSATION

February 4, 2026

Today, Representative Judy Chu and Senator Adam Schiff led 14 members of the California congressional delegation in demanding answers from nine of the state's largest insurance companies about the barriers delaying Los Angeles fire survivors from receiving fair compensation and benefits. These reports raise serious concerns about potential…

ALL BANKING COMMITTEE DEMOCRATS DEMAND CHAIRMAN SCOTT DELAY WARSH NOMINATION HEARING UNTIL SHAM INVESTIGATIONS AGAINST FED BOARD MEMBERS ARE CLOSED

February 4, 2026

Washington, D.C. All eleven Democratic Members of the Senate Committee on Banking, Housing, and Urban Affairs sent a letter to Chairman Tim Scott calling on him to delay the nomination hearing of President Trump's Fed Nominee, Kevin Warsh, until all pretextual investigations against current Federal Reserve Board members are closed. Signers of the letter to…

WHITEHOUSE REINTRODUCES BILL TO REFORM PRIOR AUTHORIZATION AND DELIVER CARE TO PATIENTS FASTER

February 4, 2026

The following information was released by Rhode Island Sen. Washington, DC U.S. Senator Sheldon Whitehouse todayreintroduced the Prior Authorization Relief Act, legislation to cut the administrative burdens associated with prior authorizations a tool that requires health care providers to secure approval from health insurance plans before…

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