Thunderstorms, hail and tornadoes are part of summertime in Indiana. Insurance premiums rose about 16% for a typical Indiana homeowner between 2021 and 2024, according to an analysis of commercial data from the Consumer Federation of America. In an informal FPI News survey about affordability in Indiana, several respondents said rising insurance bills…
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As Washington state reels from a devastating wildfire that destroyed hundreds of homes in Spokane last weekend, experts say the disaster has cast newfound uncertainty over a property insurance market that had just begun to stabilize. In some places, such as California, those trends have triggered a full-blown crisis, with private companies abandoning…
South Carolina bar owners won't get a reprieve from needing to carry at least $1 million in liability insurance. The final version of the state budget is expected to be voted on by both chambers when lawmakers are scheduled to return to Columbia on Aug. 11. South Carolina state government has been operating under a continuing resolution since July 1 because a new…
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…
Ashley Hinson is rolling out new healthcare legislation aimed at increasing transparency in the health insurance industry while facing sustained criticism over her record on healthcare affordability and access. The proposal comes as healthcare has emerged as a central issue in Iowa's open 2026 U.S. Senate race, with Democratic groups and Hinson's…
Fibre Federal Credit Union has released its 2025 reports on community giving and economic impact. The credit union, which serves 11 counties in Washington and Oregon, collected over $27,000 for nonprofits, including United Way and American Red Cross, through its payroll deduction option. Read the entire report at Fibre Federal Credit Union 2025 Community&…
Indiana lawmakers will likely consider requiring more disclosures from insurance companies about their exposure to private credit funds due to the role that the state plays as a backstop for some insurance policies. Two independent investment analysts pushed for more oversight of the financial asset class at the state Interim Study Committee on…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Scotia Insurance Limited. The company reported approximately CAD 270.8 million of equity at fiscal year-end 2025, a decrease from approximately CAD 294.5 million for fiscal year-end 2024. SIC reported profit of approximately CAD 361.2 million, compared…
A supporter waits outside a federal courthouse in New York ahead of a January 2026 hearing for Luigi Mangione. After Luigi Mangione was arrested in December 2024 in connection with the killing of UnitedHealthcare CEO Brian Thompson, the internet did what it often does: It turned something serious into a joke. Although Mangione has pleaded not guilty to…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Scotia Reinsurance Limited. The company reported approximately USD 108.4 million of equity at fiscal year-end 2025, an increase from approximately USD 73.0 million for fiscal year-end 2024. In 2025, Scotia Re resumed dividends to its parent company, BNS…
Ashley Hinson is rolling out new healthcare legislation aimed at increasing transparency in the health insurance industry while facing sustained criticism over her record on healthcare affordability and access. The proposal comes as healthcare has emerged as a central issue in Iowa's open 2026 U.S. Senate race, with Democratic groups and Hinson's…
Attorney General Charity Clark joined a coalition of 17 attorneys general today in sending letters to the Office of the Comptroller of the Currency and the Federal Reserve Board, urging the agencies to deny Opportunity Financials' application to acquire and merge with BNC National Bank, which would grant OppFi a national bank charter and enable the company…
In towns across Idaho, community banks aren’ t just financial institutions; they are the backbone of local economies. But today, an unintended policy loophole in Washington threatens to undermine that entire system. According to analysis from the Federal Reserve Bank of Kansas City, for every $1 that shifts from a bank deposit into a stablecoin, bank lending…
Banco Santander announced Tuesday that its $12.2 billion acquisition of Stamford-based Webster Bank had been approved by the Federal Reserve, putting it on the verge of completing the deal. The authorization of the transaction by the Federal Reserve System's Board of Governors follows approvals by the Connecticut Department of Banking and federal…
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 by an average of 27.2% statewide. In addition, State Farm recently noted that auto insurance…
California Attorney General Rob Bonta today joined a coalition of 17 attorneys general in sending letters to the Office of the Comptroller of the Currency and the Federal Reserve Board, urging the agencies to deny Opportunity Financial's application to acquire and merge with BNC National Bank, which would grant OppFi a national bank charter and aid its…
Now, a series of Trump Administration actions will worsen these harms if not reconsidered and rolled back. Taken together, recent policies from the Centers for Medicare and Medicaid Services on the Medicaid work requirement and approaches that states use to finance their Medicaid programs, pay their providers, and innovate in their programs will diminish…
The following information was released by the Center on Budget& Policy Priorities:. The $900 billion in Medicaid cuts in the harmful 2025 Republican reconciliation law will take away health coverage and raise costs for millions of families. Roughly 7.5 million people could lose Medicaid and become uninsured by 2034 due to the law, according to the…
The Dallas and New York Federal Reserve banks plan to launch a pilot survey into the estimated $1.3 trillion private credit market after the end of the third quarter, the New York Fed said. The survey would segment the market into three sections based on borrower size: an upper middle market with more than $100 million in earnings before interest, taxes,…
