Brad Finstad and United States Department of Agriculture Risk Management Agency Administrator Pat Swanson to talk about crop insurance, recent changes to the program and offer suggestions for the program at the Faribault Area Chamber of Commerce& Tourism Friday afternoon. Attendees were especially grateful to the congressman for the bill he introduced,…
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Following a recent meeting conducted by the U.S. Federal Open Market Committee, gold prices came under renewed selling pressure after interest rates rose by 25 basis points. The decision lifted the Federal Funds Target Range to 3.75%–4% and provided fresh support to the dollar, which weighed on the precious metal. For firms like Collective Mining Ltd. (NYSE American: […]
The U.S. Centers for Medicare& Medicaid Services announced Tuesday that it has canceled about 315,000 enrollments in the Federal Health Insurance Marketplace, affecting about 760,000 people, because of alleged fraud and abuse. The CMS said the actions were part of efforts by the White House Task Force to Eliminate Fraud. "We are shutting down unauthorized…
In my role as the Deputy Secretary of the Treasury, I am the Chief Operating Officer for the Department, and I have a broad portfolio of policy and operational responsibilities. With this being the Treasury Market Conference, I will focus my remarks today on the Treasury market and the actions that the Trump Administration has taken to facilitate its smooth…
The following information was released by the office of the Illinois Attorney General:. The rule was proposed by the Centers for Medicare and Medicaid Services, a federal agency within the U.S. Department of Health and Human Services responsible for overseeing and administering Medicaid, the joint federal-state program that provides health coverage to…
The city of Santa Fe and its liability insurer have agreed to a $1.25 million settlement to resolve a man’ s claim of excessive force by a police officer who struck him in the back with a stun gun after he shot a dog that had critically wounded his pet goat in 2024. A judge ruled police had no probable cause to arrest Jeffrey Hurtado, a city employee, on a charge of…
The city of Santa Fe has agreed to another high-dollar payout in a civil complaint accusing police of excessive use of force— this time with a tragic result. Lili Gordon filed her lawsuit last year, accusing Santa Fe officers of negligence, sex or gender identity discrimination and discrimination against a person with a disability, as well as excessive use of…
William Blair announced today the expansion of the firm’ s financial services team with the addition of William Nay as managing director. Since 2023, William Blair has completed more than 25 advisory and financing deals in the insurance and financial services sectors, unlocking more than $30 billion in value for clients. Nay continues William Blair…
With markets at record highs, Americans think the upward trajectory is unsustainable, according to the Q3 2026 Quarterly Market Perceptions Study* from the Allianz Center for the Future of Retirement, part of Allianz Life Insurance Company of North America. About three in four Americans are concerned that recent market highs are unsustainable and the…
As pharmacy cost trends continue to rise and clinical evidence evolves, health insurers face a fundamental question on whether improvements in long-term morbidity and the potential for improved mortality outcomes ultimately justify significant investments in GLP-1 therapies, according to a new AM Best commentary. The Best’ s Commentary,“ GLP-1 Therapies:…
AM Best has downgraded the Financial Strength Rating to C+ from B and the Long-Term Issuer Credit Rating to“ b-” from“ bb+” of Atlantic Coast Life Insurance Company and Sentinel Security Life Insurance Company. Both companies are collectively referred to as A-CAP Group. Concurrently, AM Best has maintained the under review with negative implications status for…
The 2026 legislative interim is going by just as quickly, and the two working groups I currently chair have been busy working toward solutions that will affect public safety, local governments and taxpayers across Minnesota. Minnesota has seen a steady increase in disability claims from police officers and firefighters, especially those dealing with…
MGT, the leading AI-native neo-insurer modernizing P&C commercial insurance for small businesses and their agents, today announced its expansion to California, bringing its property and casualty insurance products to one of the country’ s largest and most underserved small-business markets. Given that California represents 14% of the domestic market, it…
RICHMOND, VA., Sept. 22, 2026/ PRNewswire-PRWeb/– Soteris, a YC-backed machine learning company for the P&C insurance industry, today announced the launch of a new product that helps carriers and MGAs make more money, often millions more, from their current distribution network, without any change to rates, forms, filings, or headcount. Soteris's first product, which…
Protective Life Corporation, a U.S. subsidiary of Daiichi Life Group, Inc., today announced new research from its principal subsidiary, Protective Life Insurance Company, examining how financial professionals can retain client relationships as wealth passes between generations. Conducted in partnership with Greenwald Research, the study focuses on the…
AM Best will speak at the American Council of Life Insurers Annual Conference, which will take place Oct. 14-16, 2026, in Orlando, FL.. Kenneth Frino, managing director, and Erik Miller, senior director, both of AM Best, will deliver a presentation, titled,“ Life and Annuity Segment in Transition,” during which they will focus on operating results across the life/annuity…
HARRISBURG— Health insurance rates through Pennie, Pennsylvania's Affordable Care Act marketplace, are on the rise again. The Pennsylvania Insurance Department announced that rates will grow by an average of 15.97% for individual customers and 10.28% for small businesses with 50 or fewer employees. The department prevented nearly an additional $95…
Among the powers of the Federal Reserve is the ability to impact interest rates. The Fed doesn't directly control all interest rates in the economy, but it can directly change an interest rate called the federal funds rate, which is the interest rate charged when one bank borrows from another bank. Still, when the Fed makes changes to its federal funds rate, other…
Niembro led a scheme to fraudulently obtain at least $24.9 million from Nodus Bank and conspired to evade U.S. sanctions against Venezuela. "The defendant abused his position with Nodus Bank to commit fraud for his own enrichment and to willfully evade sanctions on a designated individual," said Assistant Attorney General A. Tysen Duva of the Justice…
