The state Senate's Committee on Commerce and Consumer Protection voted unanimously Tuesday to heavily amend a bill originally meant to help pay for property insurance for Puna and Ka‘ u residents living in high-risk lava zones. The committee moved to alter House Bill 20 by replacing its "substantive language" with a directive to the state's Legislative…
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When you open a retirement account or buy a life insurance policy, you’ re asked to name a beneficia1y. It might seem like just another form to fill out, but this simple step can affect your family’ s future. Many people don’ t give beneficiary designations much thought after signing the initial paperwork.
For nearly a year, Supervisor Terra Lawson-Remer has argued the county needs to make a landmark investment in consumer protection, citing a long list of bad actors the county could start suing, including payday lenders, health insurers that wrongly deny claims, scammers who rip off seniors and Tijuana River Valley polluters. Lawson-Remer has said the Trump…
Proposed changes in how the Hong Kong Insurance Authority evaluates non-life insurers’ required capital levels around natural catastrophes and man-made risks, as well as offshore reinsurance business, could bolster this geographic market’ s position as a global reinsurance and risk management hub, according to a new AM Best report. The proposed…
2026 MAR 24– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators publish new report on Managed Care. According to news reporting from Columbus, Ohio, by NewsRx journalists, research stated,“ To compare dental services delivered to Medicaid-covered children by age, health status, and rural and nonrural settings based on the treating…
—The Justice Department's investigation of a $2.5 billion renovation project at the Federal Reserve didn't find any evidence of a crime, a federal prosecutor privately conceded under questioning by a skeptical judge earlier this month, according to a transcript of the sealed hearing. That admission by Assistant U.S. Attorney Andrew Massucco came during a…
*A bill giving the Illinois Department of Insurance authority to review and regulate premiums for both auto and homeowners insurance passed the House March 19 and now awaits Senate action. The combined bill now awaits Senate approval before being sent to Gov. Pritzker initially called for rate review authority over homeowners insurance last summer after…
Over the next few weeks, lawmakers will decide some weighty taxation issues: whether and how to revise the structure of Hawaii's income tax, increase the conveyance tax to fund the Department of Hawaiian Home Lands, end tax exemptions for real estate investment trusts, and about giving cruise ships a break on the transient accommodations tax.
AM Best has commented that the Credit Ratings of The Wawanesa Mutual Insurance Company remain unchanged following its announcement to acquire Everest Insurance Company of Canada, the Canadian retail insurance operations of Everest Group, Ltd.. Everest Group will not retain the primary insurance business of Everest Canada following closing; however,…
The Cayman Islands sits at the heart of a network of British financial jurisdictions. The Cayman Islands has emerged as an unlikely place to fill the gap. But a 2025 Federal Reserve analysis revealed that the total figure was actually closer to $1.4 trillion by the end of 2024— with some estimates reaching as high as $1.85 trillion— after nearly 40 percent of new…
Mark Farrah Associates, a leading data aggregator and publisher of health plan market data and analytics, aggregates industry metrics from statutory financial statements filed with state insurance regulators in its Health Coverage Portal™. Annual/quarterly enrollment and market share for Individual, Small Group, Large Group, ASO and Government programs…
The legislation, dubbed the Kansas Consumer Prescription Protection and Accountability Act, passed the House 104-17 with strong bipartisan support over the opposition of Speaker Dan Hawkins, a Wichita Republican who is running for state insurance commissioner. According to federal regulators, the three largest PBMs in the U.S.— CVS Caremark, Express…
—The jump in gas prices stemming from the war in Iran has had another impact that may also affect many Americans' finances: Higher interest rates. Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in an interview with The Associated Press Monday that if inflation were to rise while the unemployment rate remained stable, and Americans showed…
For years, Florida journalists have done the job that the state’ s so-called insurance“ regulators” have not— trying to reveal what "s really going on with Florida" s insurance industry. 1) Many homeowners involuntarily became customers of start-up companies without proven track records, thanks to the state "s decision to offload customers of the state-run…
Traditional homeowners’ and renters’ insurance policies that are not accompanied by separate flood insurance would not cover claims for damage or destruction caused by floodwaters that came“ from the ground up,” said Sam Thomsen, investigations branch chief for the state Department of Commerce and Consumer Affairs. Homeowners could be compensated for…
As Tax Day approaches, Americans are increasingly worried about the effect of taxes on their long-term finances in retirement, according to the Q1 2026 Quarterly Market Perceptions Study* from the Allianz Center for the Future of Retirement, part of Allianz Life Insurance Company of North America. The increase is largely driven by Generation X. More than three…
MONONGAH— Last year, headlines announcing proposed cuts to programs such as Head Start made Allysen Rinker nervous. Rinker, whose child is on the Autism Spectrum, receives Supplemental Nutrition Assistance Program and got her health insurance through the Affordable Care Act when she had a seizure. So, it was in a combative mood Rinker found herself at the…
TALLAHASSEE, Fla.— A Florida man was arrested after a $1 million workers' compensation fraud scheme, CFO Blaise Ingoglia announced. Jacques G. Denomme, from Martin County, was arrested by the Department of Financial Services Criminal Investigations Division after he allegedly tried to avoid paying higher workers' compensation premiums by hiding payroll…
When someone is sick in this country, they don't ask for a politician. They ask for a doctor, a nurse, or a therapist— a front line health care worker. And millions of Americans are seeing their health insurance premiums spike because Congress failed to extend the enhanced Affordable Care Act tax credits.
