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Warsh confirmed as Federal Reserve chief to follow Powell

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The U.S. Senate voted to confirm Kevin Warsh on Wednesday as the new chairman of the Federal Reserve. The president also supported a Justice Department investigation into Powell, allegedly over costs for the central bank headquarters renovation. The Justice Department dropped the investigation in late April.

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The Senate confirmed President Donald Trump’ s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy.Warsh, 56, a former top Fed official, was confirmed Wednesday in a largely party-line 54-45 vote and will replace as chair at an unusually difficult time for…

Funders for this research include Guangdong Basic And Applied Basic Research Foundation of China; Guangdong Medical University Doctoral Research Foundation. The news editors obtained a quote from the research from Saitama University:“ This study develops a flexible framework to analyze volatility transmission in U.S. commodity markets under multiple…

2026 MAY 13– By a News Reporter-Staff News Editor at Insurance Daily News– Research findings on Managed Care are discussed in a new report. According to news originating from Boston, Massachusetts, by NewsRx correspondents, research stated,“ Office-based care coordination programs are increasingly utilizing social work-trained care coordinators to manage…

The news correspondents obtained a quote from the research from Institute of Economics and Finance:“ This study examines how two U.S.- centred events, treated as different shock types, influence time-varying conditional correlations between the U.S. stock market and other G7 markets. Using daily log returns for the S&P 500 and leading indices for Canada, France,…

2026 MAY 13– By a News Reporter-Staff News Editor at Insurance Daily News– Research findings on risk management are discussed in a new report. Funders for this research include Cadenza Medical Clinic. Using regulatory balance sheet data for four major U.S. banks across six quarters of the 2007-2008 financial crisis, we simulate millions of unit-consistent…

2026 MAY 13– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on Drugs and Therapies- Managed Care and Specialty Pharmacy have been published. The news reporters obtained a quote from the research from the Johns Hopkins University Bloomberg School of Public Health,“ Using different data sources, we provide a preliminary…

Hurricane coverage adds an average of over $4,500 per year to homeowners insurance premiums in Florida and Louisiana. In Florida, the average premium jumps from $2,557 without hurricane coverage to $7,136 with a 2% hurricane deductible— a difference of $4,579 annually. Louisiana homeowners pay an extra $4,528 per year for the same protection.

—The U.S. Senate on Wednesday confirmed Kevin Warsh to lead the Federal Reserve. Warsh takes over a divided central bank wrestling with the economic fallout from the war started by the U.S. and Israel with Iran on Feb. 28. Thom Tillis, a North Carolina Republican, said he would oppose Warsh until the Justice Department dropped the investigation, which it finally did…

Accelerant Holdings, a data-driven company modernizing the specialty insurance marketplace through the Accelerant Risk Exchange, today announced financial results for the first quarter ended March 31, 2026. We delivered strong performance against all six of our KPIs, reflecting the ongoing momentum across our business,” said Jeff Radke, Chairman and CEO.“…

The U.S. Senate, in a 54-45 vote, confirmed Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve on Wednesday. The Senate voted closely along partisan lines, with Sen. “The president never asked me to predetermine, commit, fix, decide on any interest rate decision in any of our discussions,” Warsh said during a Senate confirmation hearing in April.

–A bill to regulate homeowners insurance rates will be up for consideration in the Illinois House after it cleared the state Senate on Wednesday. Chicago Mayor Brandon Johnson says he is going to meet Pope Leo XIV in Rome later this month. NBC 5 Chicago reported that the mayor’ s first visit with the Chicago- born pope is set for May 28.

May 13– Desperate to get a handle on rising property insurance costs driven by natural disasters, some state lawmakers are opening up a new line of attack in the effort to force oil companies to bear the cost of climate change effects. In three states, Democratic lawmakers introduced bills this session that would allow insurance companies or state attorneys…

The Illinois Secretary of State’ s office expressed support for the bill at a Senate Insurance Committee hearing on Tuesday. “Drivers in Illinois are facing hardships due to increasing automobile insurance rates, and they want oversight to ensure that their rates are not excessive or unfairly discriminatory,” Williams said. Jennifer Hammer spoke on behalf of…

"When shopping for coverage, it is important to use the Health Insurance Marketplace or an insurance agent or company that you have verified is licensed. Only licensed insurance companies and agents are authorized to sell insurance in Michigan, so it is important to verify a company's legitimacy before making a purchase. Michiganders can purchase…

Florida ranks among the most expensive states in the nation for home insurance, prompting some South Florida homeowners to forgo coverage altogether— even as hurricane season approaches. According to Bankrate, only Nebraska and Louisiana outpace Florida in average home-insurance costs. In Fort Lauderdale‘ s Edgewood neighborhood, historic rainfall three…