The average long-term U.S. mortgage rate rose for the fourth consecutive week to its highest level in a year, another setback for prospective homebuyers hoping for a break from elevated home loan borrowing costs. As rates rise, that can lead prospective home shoppers to delay buying a home, one reason U.S. home sales have been sluggish this year.
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Edison Insurance Company, one of the largest homeowner’ s insurers in Florida, today announced they have filed for a statewide rate decrease, providing meaningful savings for the majority of their Florida home and condominium unit owners with a statewide average rate reduction of -9.8%. These decreases began impacting customers with policies renewing on…
Growth was moderate before the pandemic but accelerated significantly in the years that followed. General damages are amplifying medical costs into even larger settlements. BI claimants received $2.00 in total settlement, excluding any legal fees, for every dollar of medical bills paid with this leverage ratio rising from $1.80 in mid-2017 to more than…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of QBE Europe SA/ NV, QBE UK Limited, QBE Capital Ltd., QBE Capital Ltd. and the pooled members of QBE North America Insurance Group. These companies are key operating subsidiaries of QBE Insurance Group Limited, the non-operating holding company of the QBE group of…
—The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth, yet consumers continued to spend. Growth in U.S. gross domestic product— the nation’ s output of goods and services— decelerated from 2.1% in the first three months of 2026, the Commerce Department reported Thursday, coming in below economists'…
Mercer Advisors, Inc., a national wealth management and financial planning firm, today unveils the second generation of Aspen, its proprietary, artificial intelligence- enabled ecosystem that powers its full-spectrum family office offering. Mercer Advisors built Aspen as a family office platform, to support its advisory teams in local markets in delivering…
—The Federal Reserve’ s favored measure of inflation rose 3.7% last month, above its 2% target.
Arch RoamRight ®, a leading provider of travel insurance solutions, today announced a new partnership with TravelJoy, the all-in-one CRM and booking platform for travel advisors. Through this integration, advisors can seamlessly quote and purchase Arch RoamRight travel insurance directly within TravelJoy, streamlining operations and creating a more…
On average, insurers are asking for a 17.1% increase for individuals and 11.5% for small businesses, according to the Pennsylvania Insurance Department. More than 600 Pennsylvanians signed a petition calling for a "healthcare cost freeze," organized by the Affordable Healthcare Coalition, which is scheduled to be delivered on Wednesday to the agency's…
Net interest on the debt has already topped $827 billion this fiscal year, according to the Treasury Department. He pointed to a sharp rise in Treasury yields since the last meeting and said markets, not the central bank, should lead. The three who dissented– Beth Hammack, Neel Kashkari and Lorie Logan– favored a quarter-point increase, according to the statement.
Mortgage rates could drop a little over the next few days, as central bankers at the Federal Reserve ultimately decided to hold overnight borrowing rates steady at their meeting ending July 29. Mortgage rates jumped in the days leading up to the meeting, as speculation grew among futures traders that central bankers could vote to raise the federal funds rate.
Lincoln Financial today announced that it has entered into an agreement with Talcott Financial Group under which Lincoln will cede approximately $5.8 billion of in-force GUL statutory reserves, representing approximately 37% of Lincoln’ s remaining in-force guaranteed universal life block to a Talcott subsidiary. In connection with the transaction,…
In mid-July, new Federal Reserve Chair Kevin Warsh testified before two congressional committees and pledged to restore annual inflation to the central bank's stated target of 2%. Inflation flickered below 2% for much of the 2010 s, but it spiked dramatically in 2021 and 2022 as America emerged from the COVID-19 pandemic and both Donald Trump and Joe Biden…
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Beth M. Hammack of the Federal Reserve Bank of Cleveland, Neel Kashkari of the Minneapolis Fed and Lorie K. Logan of the Dallas Fed dissented, voting instead for a quarter-point increase. Oil prices have whipped around in recent days with the Iran war in a delicate limbo. He said the United States would mount another round of attacks against Iran.
The following information was released by the Henry J. Kaiser Family Foundation:. Authors: Abby Sachar, Amaya Diana, Alice Burns, and Jennifer Tolbert. SSI is a means-tested federal program administered by the Social Security Administration that pays monthly cash assistance to people with limited resources who are unable to work because of a disability and…
The following information was released by the Environmental Defense Fund:. This retreat exposes a market failure compounding on itself: without strong federal safeguards like the Toxic Substances Control Act, the primary U.S. chemical safety law current under threat in Congress, to curb PFAS at the source, production will continue unchecked, contamination…
After admitting to taking orders from his "commanding officer" Donald Trump, it's no surprise that Joe Lombardo has embraced MAGA extremist candidate David Flippo, who said the GOP's budget bill "really helped America" and is "an asset to all Americans." Health insurance premiums for Nevada families rising to an average of $800 per month a 34% increase.
The following information was released by the office of the California Attorney General:. California Attorney General Rob Bonta today issued a consumer alert reminding Californians about sham health insurance plans offered by some health care sharing ministries. Due to congressional Republicans' decision to allow the Affordable Care Act's enhanced…
