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IRANIAN NATIONAL PLEADS GUILTY TO CONSPIRACY TO COMMIT HEALTHCARE FRAUD

August 6, 2026

Iranian National residing in Coos Bay pleaded guilty today to conspiracy to commit healthcare fraud. CDTG operates out of Coos Bay, Brookings, Reedsport, Florence, and Roseburg, Oregon. He and his employees overcharged the United States Department of Health and Human Services, the Veteran's Health Administration, and numerous private insurance companies for…

Bail bonds scheme defrauds Pinellas County family, leaves loved one in custody

August 6, 2026

PINELLAS COUNTY, Fla.— The Pinellas County Sheriff's Office is warning of a rise in a type of a phone scam aimed at targeting the loved ones of those in custody. Families urge Florida gubernatorial candidates to repeal' Free Kill' law. The man pretending to be a deputy asked them to bring the bail money, approximately $2,000, to a Bitcoin ATM nearby.

Louisiana eases military auto insurance discount process

August 6, 2026

Louisiana military members eligible for a 25% discount on the liability portion of their auto insurance premiums will no longer have to reapply every year under a regulatory change announced this week by the Louisiana Department of Insurance. The change applies to active-duty military personnel stationed in Louisiana, military reservists based in the…

GALLEGO, COLLEAGUES PROBE INSURANCE COMPANIES ON USAGE OF CREDIT-BASED INSURANCE SCORES AS COSTS RISE

August 5, 2026

The following information was released by the office of Arizona Senator Ruben Gallego:. WASHINGTON Today, Senator and Member of the Senate Committee on Banking, Housing, and Urban Affairs Ruben Gallego, and 19 other members of Congress sent letters to USAA, State Farm, Progressive, Liberty Mutual, Farmers, and Allstate requesting information on the usage of…

NAIC RELEASES FIRST-OF-ITS-KIND NATIONAL ANALYSIS OF HOMEOWNERS INSURANCE MARKET TRENDS

August 5, 2026

The following information was released by the National Association of Insurance Commissioners:. The National Association of Insurance Commissioners has released a first-of-its-kind analysis of homeowners insurance market trends based on seven years of Market Conduct Annual Statement data collected by state insurance departments.

FEDERAL RESERVE BANKS OF DALLAS AND NEW YORK TO LAUNCH PILOT SURVEY OF THE PRIVATE CREDIT MARKET

August 5, 2026

The following information was released by the Federal Reserve Bank of New York:. The Federal Reserve Bank of Dallas and the Federal Reserve Bank of New York today announced the forthcoming launch of a pilot survey exploring lending trends in the U.S. private credit direct lending market. After rapid growth in recent years, the U.S. direct lending market is…

OCI PRESS RELEASE, AUGUST 5, 2026, BE AWARE OF ALTERNATIVE HEALTH INSURANCE PLANS

August 5, 2026

The following information was released by the Wisconsin Office of the Commissioner of Insurance:. Be Aware of Alternative Health Insurance Plans. Madison, Wis. The Wisconsin Offic e of the Commissioner of Insurance advises Wisconsinites to use caution when considering the purchase of alternatives to comprehensive health insurance plans.

HINSON INTRODUCES BILL TO HOLD BIG HEALTH INSURANCE ACCOUNTABLE

August 5, 2026

Congresswoman Ashley Hinson introduced the Health Insurance Transparency for Patients Act, legislation to expose how often health insurance companies deny or delay basic care and give patients the information they need to choose a health plan that actually works for their families. Iowa hospitals publicly report a significant amount of information…

Best’s Commentary: Losses in Washington Wildfires Expected to be Sizable

August 5, 2026

AM Best expects insured losses from the ongoing wildfires in and around Spokane, WA, to be considerable, with more-concentrated individual insurers likely to be more negatively impacted. “In the longer term, depending on the magnitude of the insured losses, primary insurers with a concentration of their homeowners’ or commercial property portfolio in areas…

Another 102 jobs cut as UCare liquidation continues

August 5, 2026

Minneapolis- based nonprofit UCare announced in November it would be closing after mispricing coverage for Medicare Advantage beneficiaries and suffering big losses in running Medicaid health plans under contract with the state of Minnesota. Some UCare employees kept working this year to help enrollees shift insurance to Medica, a rival health insurer…

Pritzker signs bills allowing state to review insurance rate hikes

August 5, 2026

Prior to the bill signings, Illinois was one of only two states, with Wyoming, that did not exercise regulatory control over insurance rates. The new laws come a little more than a year after Illinois- based State Farm announced it was raising homeowners insurance rates an average 27.2% statewide. In addition, State Farm recently noted that auto insurance rates…

California nearly achieved universal healthcare. Now, millions are losing coverage

August 5, 2026

Two years ago, California hit a milestone decades in the making: Nearly every person in the state qualified for health insurance, regardless of immigration status and income, pushing the state's insured rate to a record 95%. Analysis at the UC Berkeley Labor Center and UCLA Center for Health Policy Research project California's uninsured rate could nearly…

Q&A: What should Florida drivers do before the insurance call?

August 5, 2026

A fender-bender at a busy Citrus County intersection can scramble your memory in seconds. Knowing exactly what to do after a car accident in Florida protects you before that first insurance call ever comes in. Should you call 911 or law enforcement after a crash in Florida?

KBRA Affirms Assured Guaranty’s AA+ Insurance Financial Strength Ratings with Stable Outlook

August 5, 2026

Assured Guaranty Ltd. announced that Kroll Bond Rating Agency, LLC has affirmed the AA+ insurance financial strength ratings of Assured Guaranty Inc. and its insurance subsidiaries, Assured Guaranty UK Limited and Assured Guaranty SA. “substantial claims-paying resources”“ formal risk management framework”“ disciplined underwriting and surveillance”“…

August 5, 2026

Pritzker signs bills allowing state to review insurance rate hikes

Prior to the bill signings, Illinois was one of only two states, with Wyoming, that did not exercise regulatory control over insurance rates. The new laws come a little more than a year after Illinois- based State Farm announced it was raising homeowners insurance rates an average 27.2% statewide. In addition, State Farm recently noted that auto insurance rates…

Insurance Canopy Partners With FirstService Residential to Simplify Event Insurance for Residential Communities

August 5, 2026

PLEASANT GROVE, UTAH- August 5, 2026- Insurance Canopy, a national leader in small business and vendor insurance solutions, is pleased to announce expanded access to its event insurance offerings within FirstService Residential managed communities. "This program gives residents and associates at FirstService Residential communities access to a single…

TDCI Shares Insurance Tips for Back-to-School Season

August 5, 2026

NASHVILLE— Going back to school is an exciting time for students, educators, and parents. As the school year gets underway across the state, the Tennessee Department of Commerce and Insurance remindsconsumers that education doesn't stop in the classroom. TDCI's Insurance Division offers insurance tips and reminders to help make your back-to-school season…

Judge blasts State Farm for conduct in Broken Arrow case

August 5, 2026

In the case, Billy and Lacy Hursh allege that State Farm wrongfully denied them payment on a legitimate claim for roof damage after a hailstorm. Oklahoma Attorney General Gentner Drummond has similar cases pending separately against both State Farm and Allstate Insurance Co.. The Hursh case, originally filed in April 2025, has been slow to progress as opposing…

New York state made $21.6M in improper Medicaid payments

August 5, 2026

The audit by Comptroller Thomas DiNapoli examined 275 laboratory procedures with lifetime limits set by the state's Department of Health, including many pertaining to genetic tests that "typically shouldn't be needed more than once." Auditors uncovered 91,718 claims totaling $19.6 million in Medicaid payments filed between June 2019 and December 2025…

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