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—U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’ s high inflation under control. The U.S. stock market initially held onto its modest, early gains after the Fed announced its decision. But stock prices weakened later in the day as Fed…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of National Grid Insurance Company Limited, a captive insurer of National Grid plc. The outlook of these Credit Ratings is stable. The ratings reflect NGICL’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating…

New York Life today added an optional Extended No Lapse Guarantee Rider to SVUL Accumulator II, its survivorship variable universal life insurance solution. The product is available in most states through New York Life financial professionals. They are asking how to protect it, how to transfer it efficiently, and how to make sure their plans hold up over time,”…

Los Angeles County is investigating Farmers Insurance over its handling of claims from the 2025 Eaton and Palisades fires, focusing on potential violations of California's Unfair Competition Law. Los Angeles County Supervisors Kathryn Barger and Lindsey P. Horvath have claimed that after faithfully paying their premiums, wildfire survivors are being…

Jeff Black has joined Alliant Insurance Services as Senior Vice President within its Employee Benefits Group. The Chicago- based consultant will advise a diverse portfolio of clients on human capital and benefits strategies designed to support growth, organizational transformation, and critical business initiatives. He earned a bachelor’ s degree in…

A judge in Comanche County, Oklahoma, recently de-designated 31 State Farm documents that had been concealed under a protective order, allegedly revealing proof the insurance company was employing a scheme that produced a profit of $1.4 billion by underpaying and denying wind and hail claims, according to KFOR. "They did a pilot in Dallas County, and it worked,"…

Kevin Kolenda, 69, entered the plea during a hearing in Bridgeport federal court, according to a news release shared by U.S. Sullivan said Kolenda owned and operated the prize insurance business Hole-In-Won LLC., which has provided prize insurance to clients who offered promotions at events such as golf tournaments. Want more New Haven Register?

Chris Smith and House Speaker Mike Johnson. The recent report, compiled by the Government Accountability Office, was requested by House and Senate majority leadership, Co-Chairs of the House and Senate Congressional Pro-Life Caucus and Values Action Teams, and Chairmen of the House and Senate Committees of jurisdiction. Chris Smith, Co-Chair of the…

The following information was released by Public Citizen:. WASHINGTON Most state insurance commissioners refuse to take a stand on disclosing data on homeowners insurance as the crisis in that market worsens and disasters triggered by El Nio and climate change loom larger, according to a new report released today by Public Citizen. "Whether you can see what's…

—Inflation in the United Kingdom rose to a five-month high as the aftershocks of the Iran war continued to ratchet up fuel prices, official figures showed Wednesday, an increase that will pressure the Bank of England to hike interest rates again over coming months. Interest rates in the U.K. had been trending downward from a 15- year high of 5.25% until the U.S. and…

Coupled with an estimated 3.8 million Americans losing Medicaid and Children's Health Insurance Program coverage over the same period, an astounding 8 million Americans now have lost health care coverage thanks to Donald Trump and his Republican allies in Congress. That budget bill, OK'd by every one of Wisconsin's GOP members of Congress, represented the…

The recent report, compiled by the Government Accountability Office, was requested by House and Senate majority leadership, Co-Chairs of the House and Senate Congressional Pro-Life Caucus and Values Action Teams, and Chairmen of the House and Senate Committees of jurisdiction. Chris Smith, Co-Chair of the Congressional Pro-Life Caucus, and Rep.

“I think the rates that were finalized speak to the underlying failure of the system that we have in place right now,” said State Comptroller Sean Scanlon.“ And that failure to fix it has led to unsustainable cost increases for the people of Connecticut.”. Last week, the Connecticut Insurance Department announced its approval of the rate hikes covering individual…

Costly loans drive consumers to longer loan terms, riskier borrowing strategies. Economic analysis from the US Bureau of Labor Statistics, for instance, describes a fairly resilient labor market, with unemployment hovering around 4.2%, down from a four-year high of 4.5% in November 2025. Yet inflation remains a nagging issue: According to the Federal Reserve…

AM Best will participate in multiple sessions during The Insurer’ s upcoming European MGA Summit 2026, taking place 29-30 September 2026, in Paris. William Mills, senior director, market development EMEA, and Roisin Gallagher, associate director, market development, EMEA both of AM Best will also be in attendance as delegates and available for meetings.

It adds another potentially dicey economic variable for Republicans and President Donald Trump, who blasted the decision Wednesday and accused the governors of trying to hurt him politically. Chair Kevin Warsh, who was nominated by Trump, emphasized after the announcement that the economy has shown signs of gathering speed since the central bank decided to…