Newswires

DUBLIN- A former Bay Area bishop has been released from jail after securing release through a bail bonds company, while he faces charges of molesting four boys at least 18 times. Michael Delar Morris, 76, was charged with 18 felonies for alleged child molestation dating back decades. The charging records accuse Morris of molesting four boys, but police say five…

The following information was released by the American Financial Services Association:. A recent post on the Federal Reserve Bank of New York's Liberty Street Economics blog offers a sobering look at how interest rate caps reshape the consumer lending market, often in ways their proponents may not intend. The analysis, drawn from a New York Fed Staff Report,…

Federal Reserve Chairman Kevin Warsh vowed to restore price stability following his first policy meeting since taking the helm of the U.S. central bank, after officials left interest rates unchanged and signaled growing support for rate hikes this year. U.S. stocks ended lower on Wednesday, as the Dow dropped about 1%, the S&P 500 shed 1.2% and the Nasdaq slid…

Timothy Dean Martindale pleaded no contest Feb. 9 to a Class C misdemeanor assault charge in connection with a Dec. 22 visit in his office at 7104 New Sanger Ave., according to court officials and an incident report filed by Waco Police. Martindale, 68, reached a plea agreement with Assistant City Attorney Joshua Stephens requiring him to complete a 90- day…

The following information was released by the National Credit Union Administration:. The Financial Crimes Enforcement Network, jointly together with the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the National Credit Union Administration invite public…

The bills, which could raise more than $3 billion in the coming fiscal year, are part of a budget package Democratic leaders say shores up the state’ s social safety networks in the face of slashing cuts from President Donald Trump and the Republican-controlled U.S. Congress. That’ s a requirement for the California Department of Finance to collect data and craft…

I'm in insurance, and sometimes I write about it. In 2004 my first of over 60 articles published in Airpark News explained why health insurance premiums were increasing prohibitively. A sentence in the first paragraph started with "The good news is that you're alive" and ended with "the bad news is you can't afford it."

A survey released this month by the insurance firm Northwestern Mutual says that many Americans, including some in their 50 s and 60 s, rely on their parents for financial help. The Federal Reserve also conducts an annual survey on financial well-being, and it also reported an increase in the reliance on parents to pay the bills. In many ways this is not surprising;…

Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, is pleased to announce the acquisition of Webtec Insurance Services, Inc., a specialized insurance agency primarily focused on auto and homeowners insurance. Founded over 40 years ago, Webtec Insurance Services built a strong reputation…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Everlake Life Insurance Company and Everlake Assurance Company, collectively known as Everlake Life Group. Everlake Life is ultimately owned by Everlake Holdings, LP, and Blackstone Inc. is the ultimate parent company of the general partner of the vehicle…

—The average long-term U.S. mortgage rate fell this week, tracking Treasury yields that have retreated since a deal to end the war with Iran was announced. With inflation still well above the Federal Reserve’ s 2% target, officials at the U.S. central bank left the benchmark interest rate where it was on Wednesday. It was the first meeting with new Fed Chair Kevin…

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Nuclear Electric Insurance Limited and its subsidiaries, Cedar Hamilton Limited and NEIL Overseas Designated Activity Company. The ratings also acknowledge NEIL’ s management culture and its exclusive…

“This recognition is especially meaningful because it reflects the trust travel advisors place in our team every day,” said Linda Fallon, Division President, Consumer Business at Arch Insurance.“ We are proud to support advisors and their clients with solutions that help travelers prepare for the unexpected. Arch RoamRight ® is an industry-leading travel…

U.S. insurers paid an estimated $1.65 billion in lightning-related homeowners insurance claims in 2025, a 59% increase from the $1.04 billion paid in 2024, according to the latest figures from the Insurance Information Institute. Florida, California and Texas led the nation in the number of lightning-related homeowners insurance claims.

Benton Sawrey, a Clayton Republican who chairs healthcare committees, said during a committee hearing Wednesday that House Bill 59 includes provisions suggested by the state Department of Health and Human Services and law enforcement partners“ in order to strengthen our Medicaid program integrity and compliance issues.”. Should the Senate pass it, the House…

InsuranceAUM.com, affiliated with The Institutes, welcomed executives from more than 60 insurance companies to the 5th Annual Insurance Investment Executives’ Meeting, held June 9– 11, 2026, at the University of Chicago Booth School of Business’ Gleacher Center in Chicago, Illinois. 2026 LP of the Year: Lale Topcuoglu, Head of Investment Strategy& Public Fixed…

Alliant Insurance Services has expanded its Employee Benefits Group with the addition of Derek Ackerman as Vice President. Based in Phoenix, Arizona, Ackerman will work with employers nationwide to design and implement strategic benefits programs focused on improving plan performance, controlling healthcare costs, and increasing organizational…

The series is enabled through Matrix Trust Company, which provides the CIT structure and serves as the discretionary trustee, and is a subsidiary of global technology leader, Broadridge Financial Solutions. “As demand for retirement income solutions continues to grow within defined contribution plans, we are seeing plan sponsors and advisors look for more…

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Juniata Mutual Insurance Company. The Credit Ratings reflect JMIC’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and…