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Newswires

Property and Casualty News RSS Get our newsletter

Worried about insurance rates? Your loyalty might be costing you

1 hour ago Property and Casualty News No comments.

Insurance rates have skyrocketed since the pandemic, and jaw-dropping renewal notices have left many consumers stretched thin when it comes to protecting their assets. Nearly half of Americans with auto insurance and homeowners insurance say they're stressed about their premiums, according to a recent NerdWallet survey. Even as affordability…

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July Mortgage Outlook: Rates Are Stuck, and We’ll Explain Why

1 hour ago

We say it a lot: The Federal Reserve doesn't set mortgage rates. But keeping the U.S. economy stable is the Fed's job, and so yes, the central bankers' plans and actions certainly influence mortgage interest rates. We get rate cuts when the Federal Reserve needs to shore up employment.

Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation

2 hours ago

—New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought. The Fed typically combats inflation by raising borrowing costs. Such comments suggest that Warsh has shifted his views since replacing Jerome Powell as…

‘Recession-Proof’ Insurance Is Trending. Safety Net or Scam?

2 hours ago

NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.Imagine an all-in-one financial product that lets you save for retirement tax-free while protecting your loved ones. Influencers promise a "recession-proof retirement," a message that…

Winged Keel Group Expands National Presence and PPLI Leadership, Welcomes SBSI, Inc. (dba NFP Insurance Solutions)

2 hours ago

Winged Keel Group today announced it has acquired SBSI, Inc., a Chicago- based independent insurance advisory firm serving ultra high net worth and family office clients nationwide. SBSI, Inc., which has an established Private Placement Life Insurance practice, is led by Howard Sharfman and Warren McGuire, two highly respected industry leaders.

HOUSE APPROVES TERRORISM RISK INSURANCE ACT PROGRAM REAUTHORIZATION

2 hours ago

The following information was released by the American Public Power Association:. The House on June 29 approved H.R. 7128, the Terrorism Risk Insurance Act Program Reauthorization Act of 2026, by a vote of 373-15. APPA supports the bill. S. 4395 has been introduced as an amendment to the Fiscal Year 2027 National Defense Authorization Act by Senators Dave…

Philadelphia's First Bank cited in Supreme Court ruling limiting Trump's power

3 hours ago

First Bank's independence from presidential authority was cited as precedent on the first page of Tuesday's 5-4 Supreme Court decision that backed the independence of the Federal Reserve. "The United States has a long tradition of independent central banking," Roberts wrote, noting that Philadelphia- based central banking enjoyed "independence from the…

Regnology to Acquire Fed Reporter, Accelerating U.S. Leadership and Advancing Regulatory Modernization

3 hours ago

AGOURA HILLS, Calif.& FRANKFURT, Germany—- Regnology, a leading provider at the intersection of regulatory, risk, and supervisory technology, today announced it has entered into a definitive agreement to acquire Fed Reporter, the market-leading U.S. provider of regulatory reporting solutions for financial institutions of all sizes, including banks, credit…

Empathy Brings Family Support Services to New Transamerica Policies

3 hours ago

Additionally, Empathy Connect™, a Product that brings together legacy planning, bereavement support, and enterprise solutions into one connected experience for insurance and financial professionals, is now available to tens of thousands of Transamerica appointed agents across the U.S. Empathy covers millions of policyholders across North America and…

MassMutual Ranks No. 100 on the 2026 Fortune 500® List

3 hours ago

MassMutual today announced that it rose to No. 100 on the 2026 Fortune 500 ® 1 list, placing the company among the top 100 largest U.S. companies by revenue, continuing its streak of more than 30 consecutive years on the list, and reflecting its strong 2025 performance as the company marks its 175 th year in business. The Fortune 500, now in its 72nd year, ranks the…

FROM DISASTER RECOVERY TO FLOOD INSURANCE SAVINGS

3 hours ago

How a hurricane-ravaged town partnered with FEMA to reduce risk, cut costs, and build back smarter. Eventually, FEMA determined that the town was no longer fully complying with the National Flood Insurance Program. As a result, Fort Myers Beach was placed on probationa designation that added a $50 surcharge to every federal flood insurance policy in the…

Corvese, Famiglietti bill to protect patients’ insurance rights signed into law

3 hours ago

Arthur J. Corvese and Sen. Stefano Famiglietti to protect patients from having their health insurance claim denied because of their insurer or healthcare provider's belief that another party may be liable. Daniel J. McKee signed last week following its passage by lawmakers on June 10, prohibits insurers and healthcare providers from denying the payment of a…

More Hoosiers go uninsured, resulting in higher emergency department usage

3 hours ago

Indiana hospitals are reporting a double-digit increase in the percentage of emergency department visits since the start of 2025– a rate that is expected to climb as more Hoosiers go without health insurance or opt for high-deductible plans to offset surging premiums. Another 400,000 Hoosiers are no longer covered by Medicaid since the Indiana Family and…

AIG Appoints Nancy Bewlay as Global Chief Underwriting Officer

4 hours ago

Ms. Bewlay will report to Eric Andersen, President& Chief Executive Officer of AIG, and join the Company’ s Executive Leadership Team. In this role, Ms. Bewlay will have responsibility for AIG’ s underwriting strategy, including advancing underwriting management best practices and overseeing the Company’ s global underwriting organization and its focus on…

WA CARES FUND BENEFITS OPEN, LAUNCHING NATION'S FIRST PUBLIC LONG-TERM CARE INSURANCE PROGRAM

4 hours ago

The following information was released by the office of the Governor of Washington:. "This is a historic moment for Washington as the first and only state to offer workers access to affordable long-term care," saidGovernor Bob Ferguson. "Most of us will need long-term care at some point in our lives.I' mproud Washington is the first state in the country tooffer a…

16,000 new moms to benefit from expanded Medicaid coverage starting Wednesday

5 hours ago

As a result, the state Department of Health Services said it is hoping to see a decrease in maternal and infant mortality, and an uptick in new mothers accessing mental health and substance abuse services, the leading causes of death for new moms in their babies’ first year of life. “Continuous coverage during the first year after pregnancy is critical to help moms…

180-year Old New York Life Adds to Tokenized Funds

8 hours ago

The asset management business, New York Life Investment Management, has launched the NYLIM Anemoy U.S. Thomas Sy, head of multi-asset solutions at New York Life Investment Management, told Markets Media that the asset management business has been looking at tokenization for the better part of a year and exploring how it could learn about this new…

Readers sound off on disability insurance, Haitian TPS and Europe’s heat wave

8 hours ago

Manhattan: A lot has changed since 1989, but one thing that hasn "t is New York’ s temporary disability insurance program. Only New York has a paid medical leave program that offers workers much less for paid family leave— here, one-tenth the benefit level. Small Business Majority network member and Brooklyn- based business owner Dave Bolotsky saw firsthand how…

Cook County Tried to Rid People of Medical Debt, but, for Many, Help Comes Too Late

8 hours ago

COOK COUNTY— The day before Christmas eve in 2023, Andrew Ciaccio was up all night trying to soothe his stomach pains. When he woke, he could barely sit up. Panicked, his partner looked up the nearest hospital: Advocate Masonic Hospital.

Expiration of ACA tax credits strains pocketbooks

9 hours ago

"With all the narrative behind the subsidies not being renewed, that was… a lot of months of just being stressed out about what could happen," says Johnson, co-owner of Richmond soul food restaurant Mama J's. Johnson's family receives their health insurance through Virginia's Insurance Marketplace, the state-based health benefit exchange for ACA plans.

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