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…
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"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…
—Senate confirms Trump pick Kevin Warsh as Federal Reserve chair, bringing new leadership to the powerful central bank.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to“ bbb+” from“ a-” of Arrow Mutual Liability Insurance Company. The outlook of these Credit Ratings has been revised to stable from negative. The ratings reflect Arrow’ s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating…
The following information was released by Brown University:. A study led by Brown University researchers suggests that expanded health insurance coverage may significantly improve survival and care quality in this high-risk population. Among young adults with kidney failure, the expansion of Medicaid following the Affordable Care Act signed into law in…
A proposal to reduce credit card swipe fees has whipped up a frothy, multi-million-dollar lobbying fight at the State Capitol this year, pitting the banking industry against retailers, restaurants and other businesses. "When a merchant takes a credit card from a consumer and processes that card, they should not have to pay fees on the local or state taxes that…
—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. The Fed has faced threats to its independence from Trump, who has repeatedly attacked Powell for not cutting interest rates. Trump also sought to fire Fed…
Pet ownership rose to 95 million U.S. households in 2025, the American Pet Products Association reported, with Americans projected to spend $165 billion on pet care in 2026. “Pets are deeply integrated into American households, but with that companionship comes financial responsibility and risk,” said Triple-I CEO Sean Kevelighan.“ Our latest Issues Brief…
OneShield, a provider of modern core systems for commercial property& specialty insurers and MGAs, today announced that the Medical Assurance Company of Mississippi has selected OneShield Market Solutions as its full-suite core platform. Founded in 1976 in response to a medical malpractice crisis in Mississippi, MACM was created by physicians for…
Insurity, a leading provider of cloud-based software for property and casualty insurers, brokers, and MGAs, today announced new investments in Insurity Marine Suite across customer experience, ecosystem connectivity, vessel intelligence, and compliance support, reinforcing its continued leadership in the marine cargo insurance market and its…
Washington Court of Appeals this month revived a legal fight against health insurers' blanket refusals to cover weight loss medications like Ozempic and Wegovy. The drugs are approved by the Food and Drug Administration for the treatment of obesity among other conditions. The recent ruling stems from a lawsuit filed by Ellensburg resident Jeannette…
–AAA says the average price for a gallon of regular unleaded gasoline is now $5.03 in Illinois, up from $4.97 on Tuesday. Illinois imposes a fuel tax of 48.3 cents per gallon. The Illinois House Insurance Committee has unanimously passed legislation to expand health insurance coverage that includes rehabilitative and habilitative services for children…
Humana’ s Medicaid managed care plan, Healthy Horizons in Louisiana, has committed more than $1 million in strategic investments to expand access to care, address chronic disease, and strengthen behavioral and maternal health supports across Louisiana. “Louisiana families deserve opportunities for better health— no matter where they live,” said Michelle…
Producer prices rose 6% from a year earlier, the highest point in more than three years, as the Iran war pushes up energy prices and intensifies pressure on companies to pass along their rising costs to consumers. All of the numbers released Wednesday caught economists off guard and altered the dynamic at the U.S. Federal Reserve and its fight against inflation.
May 12— Brad Heppner, the founder of Beneficient, a Dallas- based financial services company, was convicted by a jury late last week on numerous fraud charges related to a multiyear, $150 million loan scheme. "Heppner used shell companies to hide his scheme," U.S. Attorney Jay Clayton said in a statement. Benjamin O'Neil, a Washington, D.C.- based lawyer who served as…
The following information was released by the Consumer Bankers Association:. Consumer Bankers Association President and CEO Lindsey Johnson issued the following statement in response to the U.S. Senate voting to confirm Kevin Warsh as a Board member for the Federal Reserve, appointed to a 14- year term:. "CBA congratulates Kevin Warsh on his confirmation to…
The following information was released by the Insurance Information Institute:. As pet ownership rises across the United States, so do the financial, liability and insurance considerations that come with it, according to the Insurance Information Institute's latest members-only Issues Brief, Pet Insurance: State of the Risk. "Pets are deeply integrated into…
Empathy, the technology company transforming how the world plans for and navigates life’ s hardest moments, and LIMRA, today announced new research examining how the life insurance claims experience shapes long-term customer relationships. U.S. life insurers pay out almost $100 billion in death benefits each year, yet fewer than one in ten beneficiaries go on…
