Auto insurance fraud, like staged vehicle accidents, costs consumers an estimated $300 a year in increased premiums. Today, Congresswoman Laura Gillen alongside U.S Representatives Troy Nehls, Josh Gottheimer and Vince Fong introduced the bipartisan Stop Auto Fraud Act of 2026 to make motor vehicle collision fraud a federal crime, improve safety for…
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Today, Congresswoman Janelle Bynum and Congressman Maxwell Alejandro Frost introduced the Launching with Healthcare Act to allow young adults to remain on a parent's health insurance plan through age 30. Just last year, Republicans cut roughly $1 billion in federal healthcare spending in their One Big Ugly Bill, which Rep. Bynum voted against.
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of“ bbb+” of Frank Winston Crum Insurance Company. The outlook of the FSR is stable. Recent adverse reserve development has been driven primarily by legacy general liability exposures, including…
–Louisiana is ending its Medicaid managed care partnership with Healthy Blue, a change that will force more than 290,000 people to move to another health plan by the beginning of next year. The Louisiana Department of Health announced Tuesday its contract with Healthy Blue will end Dec. 31. The plan has served Louisiana Medicaid members since 2012 and has…
The state Legislature in 2023 passed a law requiring the Oregon Health Authority to create its own online exchange by November 2026, and Explore Health earlier this month received federal approval. Health Authority officials framed the transition in a recent news release as a move that gives the agency "greater flexibility to respond to the needs of Oregon…
AM Best has assigned the Financial Strength Rating of B- and the Long-Term Issuer Credit Rating of“ bb-” to Mainstream Reinsurance Limited Company. The outlook assigned to these Credit Ratings is stable. In addition, Mainstream Re is exposed to high levels of economic, political and financial system risks in Ghana, where the company is domiciled and all its…
LAS VEGAS, Sept. 3, 2026/ PRNewswire-PRWeb/– SBOA Tenant Insurance, named Best Tenant Insurance provider in the Inside Self-Storage Best of Business Awards for 14 consecutive years, today reported that insured facilities equipped with StorageDefender Smart Units recorded materially lower theft losses than comparable facilities without it.
Individual health insurance plans— sold on and off the state health insurance marketplace— will see an average rate increase of 24.4% in 2027, following approval Monday from New Mexico Office of the Superintendent of Insurance. “Rising health care costs and inflation are continuing to affect consumers nationwide and New Mexico is no different, "…
On this year's list of "worthwhile things to do in 2026," I have "Do something positive to help keep Claxton-Hepburn Medical Center open for business." And, since I enjoy writing "letters to the editors" of our local newspapers, including The Advance-News, I am surely able to do that. I recently received an "Explanation of Benefits" letter from my health insurance…
A local jury on Monday convicted a man of arson and automobile insurance fraud, the Kern County District Attorney's Office reported. It said Daniel Montes, who had two prior strike convictions, was on probation when he drove a Jeep Gladiator from the Hard Rock Casino Tejon to a rural area outside of McFarland where he removed the rims and set the vehicle alight.
Photo provided by Lohr Family Dentistry. Dental insurance often complicates care instead of simplifying it. Networks limit which dentist Sioux City families can actually see.
Shares of Genworth Financial, Inc. (NYSE: GNW) traded at a new 52-week high today and are currently trading at $10.62. So far today, approximately 388.6k shares have been exchanged, as compared to an average 30-day volume of 2.64M shares. Genworth Financial, Inc., together with its subsidiaries, provides mortgage and long-term care insurance products in the […]
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Peak Reinsurance Company Limited and its subsidiaries, Peak Reinsurance AG and Peak Reinsurance North America Ltd.. The company’ s reported capital and surplus grew by 17% to USD 1,678 million, supported by retention of underwriting and investment profits,…
—Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. Fed Chair Kevin Warsh said last week at the Fed’ s annual economic symposium in Jackson Hole, Wyoming, that inflation had not shown sufficient improvement and that the central…
The North Carolina Department of Insurance issued the following news release on Sept. 2, 2026:. North Carolina Insurance Commissioner Mike Causey today announced the arrest of Daffney Davis, 48, of 6126 Fernwood Drive, Concord. Special agents from the Department of Insurance Criminal Investigations Division accuse Davis, while employed as an adjuster by…
The Federal Reserve Bank of Dallas issued the following news release:. DALLAS- Following on the recent announcement to survey the private credit market, the Federal Reserve Banks of Dallas and New York have released a set of Frequently Asked Questions to address inquiries about the survey scope and content. Federal Reserve Bank of Dallas.
Security Benefit Life Insurance Company announced it has extended its sponsorship of professional golfer and Topeka native Gary Woodland for an additional four years, continuing the partnership through 2030.. “We are incredibly proud to continue our partnership with Gary through 2030 and congratulate him on a tremendous season,” said Doug Wolff, CEO of…
A new AM Best report delves into the growing capacity materializing in the combined property and casualty sidecars segment within the insurance-linked securities market, placing a broad estimate for the niche segment at USD 17 billion to USD 19 billion. The Best’s Market Segment Report,“ Steering Profitability Remains Crucial for Lloyd’ s in a Softening…
In the case of Billy and Lacy Hursh versus State Farm Fire and Casualty Co., Oklahoma County District Judge Amy Palumbo denied a request made by State Farm to allow company CEO Jon Farney to skip appearing for a deposition. According to attorneys for the Hurshes and other plaintiffs, State Farm also was dealt a setback after at least 31 internal documents it…
