ALBANY— The state Department of Financial Services has authorized the next round of health insurance premium rates for 2027, allowing companies to hike premiums by between 6% and 8%. Under state law, the agency has the power to approve, deny or modify the rate structures that health insurers in New York plan to set for their customers, with the exception of some…
Newswires
2026 SEP 07– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on Heart Disorders and Diseases- Heart Failure have been published. According to news reporting from Springfield, Massachusetts, by NewsRx journalists, research stated,“ To understand factors that distinguish higher-performing accountable care organizations…
BOSTON& SYDNEY, Australia—- Berkshire Hathaway Specialty Insurance today announced that it has introduced its Professional First Venture Capital Liability Insurance Policy in Australia, offering tailored coverage for venture capital managers and funds. “Australia’ s venture capital sector continues to mature, and the risks facing fund managers are…
Bitcoin was trading near $79,800 on Saturday, September 6, according to Investing.com, after pulling back from a three-month high above $82,000 reached Thursday. The retreat followed stronger-than-expected U.S. jobs data that raised fresh expectations for a Federal Reserve interest rate increase at its September 15-16 meeting. The U.S. Labor Department…
Two smoke-damage bills awaiting the governor's signature address a longstanding issue brought to the fore by the Los Angeles County fires: When is it safe for wildfire survivors to move back into their homes? After the deadly January 2025 fires, which destroyed more than 16,000 structures, the state Insurance Department estimates that more than 13,000 out of…
Bill Lee has proclaimed September as Life Insurance Awareness Month, according to a press release from the Tennessee Department of Commerce& Insurance. "Life insurance is a critical insurance product, and our entire team fully supports Governor Lee's proclamation, which should remind all Tennesseans to assess their families' financial needs," said TDCI…
SPRINGFIELD— Illinois hospitals stand to lose upwards of $4 billion in revenue over the next several years due to impending changes in Medicaid rules that limit states' ability to direct higher reimbursement payments to facilities that serve the most vulnerable populations. And unless Congress acts to reverse those policies before they take full effect,…
A $30 million settlement has been reached related to sexual abuse claims filed against the Diocese of Winona. Jeff Anderson& Associates PA in St. Paul announced Thursday the settlement with U.S. Fire Insurance Co., the diocese’ s largest insurer. That settlement included parishes and schools and insurers LMI and Interstate, but not United States Fire.
While day traders will certainly look at the USD/MXN with interest this morning, they also need to remember that the U.S Labor Day holiday is in effect today. Not only are U.S banking systems mostly closed, but so are Canadian banks. The U.S will release key inflation numbers this coming Friday with the Consumer Price Index results, then on the 16th of September the…
Should I put my newly licensed teen driver on my auto insurance policy, or should he have his own? Does it pay to shop around or should I stick with my agent? Are there meaningful discounts for teen drivers?
President Trump warned that the Federal Reserve must lower interest rates or else he will cut off trade with countries that sell a ton of goods to the U.S. but don’ t buy as much from American producers. Mr. Trump tied trade deficits with other countries, a longtime fixation of his, with interest rates as the central bank gets skittish about stubborn inflation and…
The Iowa Insurance Division is warning Iowans about a multistate identity theft and insurance fraud scheme that regulators say targets job seekers and prospective insurance agents. According to the division, scammers are contacting people and encouraging them to obtain an Iowa resident insurance producer license, promising to handle sales leads and…
The Securities and Exchange Commission today charged Daniel Chu, Jerome Kollar, and Ameryn Seibold, the former CEO, CFO, and Senior Director of Finance, respectively, at Texas- based Tricolor Holdings, LLC, for their roles in an alleged multi-year scheme to defraud investors by double pledging hundreds of millions of dollars of subprime auto loans to multiple…
The Securities and Exchange Commission today announced charges against purported investment advisor Ichcoin Tech Corp. for allegedly making false statements in its filings with the SEC regarding its eligibility to be an exempt reporting adviser as well as its purported office location and other relevant identifying information.
The following information was released by the Federal Reserve Bank of Atlanta:. The Southeast economy continued to gradually expand in late summer, even as contrasts persisted between the spending habits of cost-conscious consumers of modest means and those of more affluent households, according to the new Beige Book report from the Federal Reserve Bank of…
ATTORNEY GENERAL TONG JOINS COALITION URGING FEDERAL GOVERNMENT TO DENY OPPORTUNITY FINANCIAL MERGER
-Attorney General William Tong joined a coalition of 17 attorneys general today in sending letters to the Office of the Comptroller of the Currency and the Federal Reserve Board, urging the agencies to deny Opportunity Financials' application to acquire and merge with BNC National Bank, which would grant OppFi a national bank charter and enable the company to…
The following information was released by the office of the Connecticut Attorney General:. In the lawsuit, the coalition argues that since the creation of the Medicaid and Children's Health Insurance Program programs in the 1960 s, Congress has always granted states the authority to determine which services would be covered under their Medicaid and CHIP…
The following information was released by the office of the Connecticut Attorney General:. Attorney General William Tong today joined a coalition of 21 attorneys general and the Governor of Pennsylvania in filing a lawsuit in the U.S. District Court for the Northern District of California to challenge a federal rule that once again illegally undermines the…
The following information was released by the office of the Connecticut Attorney General:. In a letter today to Connecticut Insurance Commissioner Josh Hershman, Attorney General William Tong urged the rejection of double-digit rate hikes sought by Anthem, ConnectiCare and UnitedHealthcare for individual and small group plans covering approximately…