Newswires

What's being proposed: a temporary tax increase on health insurers and additional withdrawals from a state reserve fund to offset impacts on the state's budget from federal tax cuts contained in the Republicans' "One Big Beautiful Bill" Act. House Democrats requested Wednesday's public hearing to give the public more time to weigh in on the proposal after it…

—President Donald Trump has for months wanted to remove Jerome Powell as chair of the Federal Reserve. Yet Warsh's confirmation has been delayed by a Justice Department investigation into brief comments Powell made before the Senate Banking Committee last June about the Fed's building renovation. Thom Tillis, a North Carolina Republican, has said he won't…

—Lately, Priscilla Brown has had to choose between properly managing her Type 2 diabetes and affording other necessities, like gas in her car. Democrats in Congress last year had fought to keep the COVID-era subsidies but faced pushback from Republican leadership. The new poll, which was conducted in February and March and followed up with respondents from a…

If passed into law, the new rule would impact a significant number of boat owners in Illinois. Senate Bill 2972 mandates liability insurance for owners of certain watercraft in Illinois. Mike McElroy, president of the Chicago Harbor Safety Committee, spoke as a proponent of the bill to the committee, citing a number of boating accidents resulting in death in…

The final premium, co-pay, ambulatory, inpatient, outpatient and surgical deductible amounts associated with the tiers will be voted on at the June 5 board meeting. Since state Treasurer Brad Briner took office in January 2025, he had focused primarily on reducing expenses as part of an effort to provide more financial stability to SHP. The SHP presentation…

When Democrat Joe Biden was president, the U.S. Department of Health and Human Services' civil rights office said the provision didn't pertain to employers or other health care sponsors. The HHS civil rights office launched the investigations“ to address certain states’ alleged disregard of, or confusion about, compliance with the Weldon Amendment,” office…

ANV Group Holdings Ltd., a global insurance intermediary platform, today announced that it has entered into a definitive agreement to acquire Iris Insurance Brokers Ltd., subject to regulatory approval. The acquisition strengthens ANV’ s UK distribution capabilities, while providing a platform to launch UK MGAs, scale teams, and enhance access to the Lloyd’ s…

The average long-term U.S. mortgage rate climbed this week to its highest level in more than three months, a setback for prospective home shoppers this spring homebuying season. Only three weeks ago, the average rate had dropped to just under 6% for the first time since late 2022, but it has risen every week since the war with Iran started, rattling financial…

Stephen A. Donato, lead attorney for the diocese, warned in court papers that not allowing claimants to“ opt out” of providing their consent for liability releases“ will require months, if not years, of additional efforts” in Chapter 11 proceedings, with no guarantee that insurers and parishes will keep their current commitments to the settlement.

Chubb Limited (NYSE: CB) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved -0.7% on the day to $325.67. Chubb Limited provides insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers commercial property, casualty, workers’ compensation, package policies, risk management, […]

With interest rates around the world remaining low and members of the Federal Reserve Board divided after its Jan. 27-28 meeting on whether to keep rates where they are now, or push them even lower, investors should be aware of how they are positioned if seeking income from their equity and bond investments. "Investors are always looking for income; however,…

AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of“ a-” and the Vietnam National Scale Rating of aaa.VN of PVI Insurance Corporation. The outlook of these Credit Ratings is stable. PVI Insurance benefits from good financial flexibility, given its majority ownership by HDI V.a.G.

As rising costs continue to outpace wages, many Americans are cutting costs by prioritizing lower premium insurance benefits offered by their employers during open enrollment— often at the expense of long-term financial protection. According to Securian Financial’ s fourth annual workplace benefits study,“ The Affordability Trap: Why cheaper choices cost…

—The European Central Bank left its key interest rates unchanged Thursday and warned that the Iran war would boost inflation in the short term through higher energy prices- but that the long-term impact on consumer prices and the economy was uncertain. The ECB move follows a decision earlier on Thursday by the Bank of England to hold its main interest rate at…

An expansive new report from the nonpartisan Common Sense Institute— "The Inflation Hangover: How the Post-Pandemic Price Surge Reshaped Affordability in America"— digs deep into the causes and where Colorado now falls into the mix. Meanwhile, the Federal Reserve pushed interest rates to zero and expanded its balance sheet by $3 trillion through "quantitative…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of China Taiping Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect CTIM’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and…

Washington youth in extended foster care will no longer have to reimburse the state using their own disability or survivor benefits under a new bill signed into law Wednesday. Emily Alvarado, D- West Seattle, and Sen. Judy Warnick, R- Moses Lake, stops the state, starting next year, from intercepting funds from foster youth ages 18 to 21 who receive federal benefits…

This year, most Americans plan to use their tax refund toward financial goals, including car insurance. Last year, the IRS issued 102,122,000 tax refunds to Americans, averaging $3,052 per refund.1 The national average annual cost of full-coverage car insurance was $2,144 in 2025, a slight drop from the significant rate increases recorded between 2022 and…

"In early 2025, the Palisades and Eaton fires upended the California home insurance market," said Matt Brannon, senior economic analyst at Insurify and author of the 2026 Insuring the American Homeowner Report. Insurify data scientists also note that California insurers will likely begin using more advanced risk modeling to set rates in the state.