Newswires

The following information was released by the Michigan State Senate, Democratic Caucus:. Legislation will alleviate financial stress caused byskyrocketing medical costs, unchecked pharma CEOs, andharmful federal policies. LANSING, Mich. Driven by the belief that everyMichigander deservesto see a doctorandfill their prescriptionswithout breaking the…

Tracy Barber moved to Pawleys Island six years ago for its community appeal and coastal charm. He now pays $2,650 a year in private flood insurance, although he hasn’ t had any flooding issues or claims. He switched agencies this year to avoid a jump to a $3,350 premium, but he’ s still shoveling out more than last year.

WASHINGTON, DC Today, U.S. Representatives Pat Ryan and Angie Craig introduced their new bill to hold health insurance companies accountable for above-average denial rates and refund patients for medical payments that should have been covered by insurance. ThePatient Refunds for Bad Denials Actwould create financial penalties for health insurers that…

Congressmen Mike Ezell, Salud Carbajal, Gabe Evans, and Troy A. Carter Sr. introduced the bipartisanCommission on Natural Disaster Risk Management and Insurance Act, a bill to create a nonpartisan commission to study natural disaster insurance affordability and report policy recommendations to Congress within two years. "As communities like those along the…

LEWISBURG— Union County received a refund of $225,773 in claim surplus funds for its 2025 plan year. The Union County commissioners at Tuesday’ s public meeting approved the Pennsylvania County Health Insurance Purchasing Cooperative to keep the claim surplus funds in the county’ s cooperative reserve account. Finance Director Jeffrey McClintock said the…

Sasha Renée Pérez, D- Alhambra, said of the bill before it died in the Senate Insurance Committee. Seren Taylor, a lobbyist for the Personal Insurance Federation of California, an industry trade group, called the measure a“ direct threat to insurance solvency” because it would force companies to take on much more risk without requiring that their rates be high…

The Savings Bank Mutual Life Insurance Company of Massachusetts today announced pricing improvements and significant enhancements to its OmniTrak Term product, reinforcing its commitment to help financial professionals stay competitive, streamline the sales process, and deliver better client outcomes. For more information, visit OmniTrak 2026– SBLI…

When congressional Republicans allowed pandemic-era enhanced health insurance subsidies to expire at the end of last year, Georgia Democrats and at least one notable Republican warned that a spike in premiums for Affordable Care Act plans would cause many Georgians to lose their coverage. Georgia Democrats blasted their colleagues across the aisle anew…

HARRISBURG— Attorney General Dave Sunday announced that a Lehigh County man with no medical training or licenses has been sentenced to state prison for posing as a medical professional in Carbon County to administer care to patients— for which Medicare, Medicaid and private insurance companies paid out claims. The investigation revealed that Herman…

The average long-term U.S. mortgage rate dropped for the third week in a row, easing borrowing costs for prospective homebuyers as the spring homebuying season rolls on. Rates have been declining of late, echoing some easing in the yield on U.S. 10- year Treasury bonds, which lenders use as a guide to pricing home loans. The 10- year Treasury yield was at 4.30% in…

Hundreds of thousands of properties in Hawaii do not currently qualify for flood insurance, the report noted, and many remain uninsured or underinsured despite these growing environmental risks. Hawaii farmers, for instance, do not qualify for federal crop insurance since it is only available to large-scale, single-crop farms more commonly found on the U.S….

An elementary school teacher chose a low-price health insurance plan but soon realized she wasn't clear about what it would mean for her family's finances. When enhanced federal subsidies expired at the end of 2025, a lot of people buying their own health insurance on the state and federal exchanges saw their expected monthly rates jump.

The rating upgrades for Louisiana reflect its 100% reinsurance quota share agreement with Southern Farm Bureau Casualty Insurance Company, the lead member of Southern, which was executed successfully, effective April 1, 2026. On that same date, Louisiana demutualized and converted to a stock company, and Southern Casualty purchased all the stock of this…

Americans growing worry about running out of money has increased significantly over the last five years, according to the 2026 Annual Retirement Study* from the Allianz Center for the Future of Retirement, part of Allianz Life Insurance Company of North America. “Americans are well aware that preparing to fund a decades long retirement is a big undertaking,”…

Molina Healthcare, Inc. (NYSE: MOH) is one of today’s top gainers. The company’s shares have moved 14.53% on the day to $175.24. Molina Healthcare, Inc. provides managed health care services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments, Medicaid, Medicare, Marketplace, […]

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of The Tokio Marine and Nichido Fire Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings also consider support from its parent, Tokio Marine& Nichido Fire Insurance Co., Ltd., which is the main insurance operating entity of Tokio…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Shinkong Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect Shinkong Insurance’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile…

A Nigerian national based in the United States, Opeyemi Olujobi, and his wife, Jennie Davidson, are facing a potential combined sentence of up to 50 years in prison after being arrested over an alleged large-scale credit card fraud operation in New York. According to a statement on Wednesday from the United States Attorney for the Southern District of New York,…

AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of“ bbb-” to Ocean Marine Indemnity Company. OMI is a Louisiana- domiciled ocean marine insurer that writes hull& machinery and protection& indemnity coverage for commercial maritime operators, primarily in Louisiana and the Gulf Coast. The company derives substantially…