The following information was released by the U.S. Postal Service:. PHOENIX Today USPS presented its 2026 Partnership for Excellence Awards to several recipients on the final day of the National Postal Forum, the mailing and shipping industry's largest annual conference. Selected by the Postmaster General and the USPS executive leadership team, the winners…
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Globe Life Inc. (NYSE: GL) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved -0.9% on the day to $151.08. Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the […]
May 10— A blanket refusal to cover weight-loss medication like GLP-1s is no longer allowed under Washington state law, an appeals court ruled last week. Many health insurances do not provide coverage to weight-loss medication. In years past, weight-loss drugs have been ineffective and expensive with many side effects.
AM Best has commented that the Credit Ratings of Ohio Bar Liability Insurance Company remain unchanged following the announcement that The Ohio State Bar Association and ALPS Property& Casualty Insurance Company have entered into a definitive agreement under which ALPS will acquire OBLIC, a leading provider of professional liability insurance for…
Federal Reserve Chair Jerome Powell's eight-year term comes to an end this week, a term that saw a global pandemic that spiked unemployment, the highest inflation rate in 40 years and President Trump's attempts to undermine the Fed's independence. Patrick Harker was president of the Federal Reserve Bank of Philadelphia from 2015 to 2025.
Federal Reserve Chair Jerome Powell said recently he intends to remain on the central bank’ s board after his term as chairman ends on May 15— unless the Justice Department ends "with finality and transparency" its criminal investigation into the Fed’ s renovations of its headquarters. Powell’ s successor as chair is more or less decided, following the Senate…
For about 1 in 7 payments, consumers still pay with cash despite the growing proliferation of digital payment options, according to the 2026 Diary of Consumer Payment Choice, the annual survey from Federal Reserve Financial Services measuring the evolving role of cash in the U.S. economy. Now in its 10th year, the national survey revealed that U.S. consumer…
Last year started with an early challenge for P/C insurers as the California wildfires caused extensive damage in January. The median return on capital employed for P/C insurers continued its upward three-year trend, reaching a new high of 12.41% in 2025.. “Significant rate increases, especially in the homeowners and personal auto lines, have boosted the…
BOZEMAN, Mont., May 11, 2026/ PRNewswire-PRWeb/– Aspida Life Insurance Company, a life insurance and annuity company, and WealthVest, a financial services distribution firm, today announced the launch of the WealthLock ® Income Builder. It has the potential to turn an initial premium of $250,000 at age 57 into a single lifetime payout of $35,445 annually starting…
With California "s home insurance market in turmoil, Republicans may have reason to believe they can compete in the race for state insurance commissioner, a position long held by Democrats. The candidate, Stacy Korsgaden, an insurance agent from San Luis Obispo County, confirmed her attendance but said she neither participated in nor condoned the violence that…
SPRINGFIELD— With less than three weeks before the Illinois General Assembly "s scheduled adjournment, lawmakers are in a race to finish a multibillion-dollar budget while navigating threats from Washington, a simmering fight over soaring insurance rates, a stadium deal that could decide whether the Bears stay in Illinois and a cascading set of debates over…
The Company has rebranded as Pelagos Insurance Capital, effective May 11, 2026 The Company’ s common shares are expected to begin trading under the new name and ticker symbol“ PLGO,” effective May 12, 2026 Pelagos Insurance Capital will report its first quarter 2026 financial results after market close on May 13, 2026 and hold its earnings call on May 14, 2026.
Jerome Powell is finished as Federal Reserve Board chairman, but he has time left in his term, so he is sticking around. In 2008, prior to the advent of "quantitative easing," the M2 supply was $7 trillion… today it is $22.7 trillion. If you have a $100 bill in your wallet, $69 of those dollars were printed in the last 18 years, the other $31 were printed in the century before.
Best’s Market Segment Report: AM Best Maintains Stable Outlook on Italy’s Non-Life Insurance Segment
AM Best has maintained its stable outlook on Italy’s non-life insurance segment and expects gross written premium in the segment to continue on a steady growth trend during 2026 across all lines of business, although at a slower pace than in recent years. Andrea Porta, senior financial analyst and one of the authors of the outlook, said, "Motor continues to…
In Arizona, there were just under 1.8 million recipients of AHCCCS– the Arizona Health Care Cost Containment System, or the state's Medicaid program, as of April 2026. Daniel Derksen, an expert on the Arizona healthcare system. President Donald Trump's One Big Beautiful Bill introduced Medicaid restrictions that look to redefine work and income level…
A growing and highly deceptive scam is impacting families across Minnesota, with criminals impersonating bail bond agents, law enforcement, and court officials in an effort to steal money from unsuspecting victims. AAA Bail Bonds, alongside industry advocate, licensed bail bond agent, and retired private detective Derek Nelson, is urging the public to be…
It's understandable that North Carolina Gov. Josh Stein decided to host a signing ceremony last week that featured a smattering of legislative Republicans when he approved new "compromise" legislation to extend funding for the state's Medicaid health insurance program. After having enjoyed precious few policy wins and endured 16 months of relentless and…
There is a campaign video circulating in our state right now. A candidate for one of the highest offices in the land takes a piece of paper with a corporation's name on it, throws it in the air, and shoots it with a firearm. In December of 2024, the chief executive of a health insurance company was shot dead on a sidewalk in New York City.
The following information was released by the European Central Bank:. Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Fifth Annual Charles Goodhart Lecture. That was the key message conveyed by Jerome Powell at his final press conference, explicitly referring to the "legal attacks" on the Federal Reserve.
