A coalition of 10 Democratic-led states, including Oregon, sued the Trump administration Tuesday over a new rule that could cost homeowners hundreds or even thousands of dollars by preempting state laws that require mortgage lenders to pay interest on the money borrowers deposit into escrow accounts to cover taxes and insurance. The Oregon Department of…
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WASHINGTON, Aug. 13, 2026/ PRNewswire/— U.S. News& World Report, the global authority in rankings and consumer advice, today recognizes the winners of the 2026-2027 Pet Insurance Awards. "Choosing the right insurance coverage provides peace of mind to pet owners that they won't have to choose between their pet and their wallet when an unexpected accident or illness…
—The average long-term U.S. mortgage rate fell slightly for the first time in six weeks on Thursday, marking a glimpse of relief for prospective homebuyers— although borrowing costs remain steeper than they were a year ago. The benchmark 30- year fixed rate mortgage rate tumbled to 6.67%, mortgage buyer Freddie Mac said Thursday, down from 6.69% reported last…
eMaxx today announced the launch of its new Commercial Property Program, powered by the eMaxx Reciprocal Insurance Exchange. The program is designed for commercial property owners who invest in their properties, maintain strong risk management practices, and meet defined standards for protection against hurricanes, wildfires, and other catastrophic…
Under that plan, the estimated $1 trillion the Federal Reserve will spend over the next decade on bank reserve interest payments would instead be redirected toward implementing the legislation. Eric Burlison, R- Missouri, stated. " By reforming the Federal Reserve's authority to pay interest on reserve balances, we can use the savings to help offset the cost of…
In the final few weeks of his last legislative session as California governor, Gavin Newsom is asking lawmakers to help reduce how much profit-making utility companies must pay out after wildfires. His administration has for weeks floated to lawmakers a wide-ranging but still-vague package of bills to address the spiraling costs of wildfires that has made…
Perpetuals.com (NASDAQ: PDC) announced that Perpetual Markets MTF, which operates on Perpetuals technology, received approval from the Cyprus Securities and Exchange Commission (“CySEC”) to offer crypto-asset services under the European Union’s Markets in Crypto-Assets Regulation (“MiCA”). The authorization enables the operation of a crypto-asset trading platform offering custody and administration, order execution, order reception and transmission and crypto-asset transfer services. […]
AM Best has upgraded the Financial Strength Rating to B+ from B and the Long-Term Issuer Credit Ratings to“ bbb-” from“ bb+” of The California Casualty Indemnity Exchange and its wholly owned subsidiaries: California Casualty General Insurance Company of Oregon, California Casualty& Fire Insurance Company and California Casualty Insurance Company.
"Vermonters are already facing significant barriers to afford and access the health care they need, and the Trump Administration's proposed rule will only make these challenges worse," said Attorney General Clark. Congress enacted the ACA to expand access to affordable health insurance, and more than 23 million Americans currently receive coverage through…
The Manhattan Life Insurance Company announced that it completed the acquisition of Union Security Life Insurance Company of New York from Assurant, Inc. in March 2026. Founded in 1971, Union Security Life Insurance Company of New York offers life insurance, annuities, and accident and health products in the State of New York. The Company offers a diversity of…
Five residents of Broward and Palm Beach County are among seven people accused in a nearly $100 million scheme that defrauded workers’ compensation insurers through shell companies, state officials announced Wednesday. The investigation, conducted by the Broward Sheriff "s Office and Palm Beach County Sheriff" s Office, began in December 2024 after a BSO…
WASHINGTON- U.S. consumer prices barely increased in July as the cost of gasoline declined for a second straight month, while underlying inflation was benign, further reducing the odds of an interest rate hike from the Federal Reserve next month. Still, economists said a rate increase this year remained on the table as inflation runs well above the U.S. central…
The S&P 500 and the Nasdaq ended higher Wednesday, lifted by upbeat quarterly results from CoreWeave and other artificial intelligence infrastructure firms, while mild inflation data reinforced bets that the U.S. Federal Reserve will hold interest rates steady in September. U.S. consumer prices barely increased in July as the cost of gasoline declined for a…
The Boston Foundation and a committee of strategic partners, including the Barr Foundation, Eastern Bank Foundation, and the Greater Boston Chamber of Commerce, say the new study of family wealth in Massachusetts, released today by the Federal Reserve Bank of Boston, provides unprecedented insights into wealth gaps in the state. The rigorous, impartial…
The New York State Department of Financial Services today announced that it joined state financial agencies in 46 states in securing a $15.5 million settlement with one of the nation's largest mortgage servicers for imposing "force-placed" insurance costs on borrowers who already had active homeowners insurance policies. NewRez LLC has returned…
New Jersey and 46 state financial agencies in 46 states have reached a $15.5 million settlement with one of the nation's largest mortgage servicers for improperly imposing "force-placed" insurance costs on borrowers who already had active homeowners insurance policies. Under the terms of the settlement, Fort Washington, Penn., based NewRez LLC, will pay a…
LITTLE ROCK, Ark. Arkansas and 48 state financial agencies have reached a $15.5 million settlement with one of the nation's largest mortgage servicers for improperly imposing "force-placed" insurance costs on borrowers who already had active homeowners' insurance policies. Under the terms of the settlement, Fort Washington, Penn., based NewRez LLC, will pay a…
The following information was released by the Environmental Defense Fund:. California's homeowner's insurance market has come under significant strain as growing wildfire risk drives more frequent and costly insurance claims. The impacts of rising wildfire risk have led insurers to raise premiums, limit coverage, and withdraw from high-risk areas,…
The following information was released by the Illinois Senate Democrats:. A new law led by State Senator Julie Morrison will provide insured drivers a way to resolve disputes with their insurers about repair costs or total loss valuations without involving the court system. The new law requires all automobile insurance policies in Illinois that include…