The California Department of Financial Protection and Innovation, the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency, collectively the agencies, recognize the serious impact of the California wildfires and straight-line winds on the customers and operations of many…
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The House Insurance and Banking Subcommittee is tackling homeowners insurance, with a panel discussion featuring cost drivers in the market, though it won’t lead to any immediate legislative action or consideration.
Investing Bitcoin (CRYPTO:BTC) prices briefly dipped below $90,000 early on Monday, its lowest level in two months, as the likelihood of further cuts in interest rates by the Federal Reserve in 2025 roiled assets everywhere. But the cryptocurrency quickly reversed course and now sits just under $96,000.
PERSON OF THE WEEK: Today’s mortgage brokers face a plethora of challenges that hinder growth, from volatile interest rates and persistent inventory shortages to rising homeowners’ insurance premiums. However, there are significant opportunities to adapt and thrive—particularly in the residential real estate investor market, where demand for DSCR rental loans and fix-and-flip…
Michael S. Barr, the Federal Reserve Board Vice Chair for Supervision, will step down from his role effective February 28, 2025 while continuing as a governor
This commentary is republished from The Conversation under a Creative Commons license. Read the original article. My book “Delay, Deny, Defend: Why Insurance Companies Don’t Pay Claims and What You Can Do About It” was thrust into the spotlight recently, after UnitedHealthcare CEO Brian Thompson was shot and killed in what authorities say was a…
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Linda A. Cartisano, President Judge of Delaware County Court of Common Pleas | Official website New Jersey Manufacturers Insurance Company has filed a lawsuit against an individual for damages resulting from a motor vehicle accident. The complaint was filed by New Jersey Manufacturers Insurance Co. (NJM) in the Delaware County Court of Common Pleas on…
Judge John J. Whelan | mainlinetoday.com In a significant legal move, a shareholder has taken action against the leadership of a major insurance company, alleging serious breaches of fiduciary duty and unjust enrichment. On January 3, 2025, Harry Rosenthal filed a Verified Stockholder Derivative Complaint in the Court of Common Pleas of Delaware County, Pennsylvania,…
Judge John J. Whelan | mainlinetoday.com Anthony Morgan has filed a derivative lawsuit against several current and former officers and directors of Lincoln National Corporation, alleging breaches of fiduciary duty and unjust enrichment. The complaint was filed on December 30, 2024, in the Court of Common Pleas of Delaware County, Pennsylvania. The defendants include Ellen…
Wednesday is the final deadline this year for people who want to sign up for health insurance through the Affordable Care Act. Wisconsin has already set a new record for enrollment, according to preliminary information from the federal Centers for Medicare & Medicaid Services (CMS), part of the Department of Health and Human Services.
A Senate panel heard positive commentary about Florida’s insurance industry from two of the sector’s most prominent names. Michael Yaworsky, the Commissioner of Florida’s Office of Insurance Regulation, and Tim Cerio, the head of state-run Citizens Property Insurance Corp., told the Senate Banking and Insurance Committee that they see the industry as increasingly stable after…
Emmanuel Hostin, are fighting accusations that he committed federal insurance fraud, Page Six has exclusively learned. “The View” co-host and the orthopedic surgeon have hired Mark Geragos and Daniel Thwaites after Emmanuel was named in one of the largest federal RICO cases filed in New York. But Geragos’ letter served as a“ formal notice that Dr. Hostin, Mrs. Hostin…
For years, patients in the U.S. health care system have grown frustrated with a bureaucracy they don't understand. This week's fatal shooting of UnitedHealthcare CEO Brian Thompson has unleashed a wave of public feeling exasperation, anger, resentment, helplessness from Americans sharing personal stories of interactions with insurance companies, often…
UnitedHealthcare CEO Brian Thompson was gunned down in December in a shocking crime that appears to have been motivated by anger about health insurers profiting from curbing medical care. In October, a Senate committee released a report slamming Medicare Advantage insurers, including UnitedHealthcare, for using algorithms to sharply increase the rate of…
On Friday, a federal Judge in Texas ruled that American Airlines violated federal law by including nonpecuniary measures into its employee retirement plan. The suit, initially filed in June 2023, alleged that American Airlines violated its fiduciary duties under the Employee Retirement Income Security Act (ERISA) due to hiring asset managers that offered environmental, social,…
High insurance premiums and medical costs don’t discriminate or differentiate based on your political affiliation. Therefore, healthcare should be one of your top priorities for the new administration. As a country we have been passengers passively watching the medical costs increase while the services deteriorate, only reacting when the problem lands on our doorstep. This……
The Board of Governors of the Federal Reserve has a 4-3 Democratic majority. But in reality, it has a 4-3 Wall Street majority, and that’s on a good day. As a result, financial regulation keeps being gutted, while banks keep coming under new stresses and taking on new risks, compounded by products like crypto. All…
Amelia Home Care has announced that their in-home pediatric medication management program will be covered by Medicare in 2025.
