2026 MAY 13– By a News Reporter-Staff News Editor at Insurance Daily News– Research findings on risk management are discussed in a new report. Funders for this research include Cadenza Medical Clinic. Using regulatory balance sheet data for four major U.S. banks across six quarters of the 2007-2008 financial crisis, we simulate millions of unit-consistent…
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2026 MAY 13– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on Drugs and Therapies- Managed Care and Specialty Pharmacy have been published. The news reporters obtained a quote from the research from the Johns Hopkins University Bloomberg School of Public Health,“ Using different data sources, we provide a preliminary…
Editor's note: Gabriel Bosslet is professor of clinical medicine in the Department of Pulmonary, Critical Care, Sleep and Occupational Medicine at Indiana University. He also is president of the Good Trouble Coalition. His column first appeared on The Indiana Capital Chronicle website.
Hurricane coverage adds an average of over $4,500 per year to homeowners insurance premiums in Florida and Louisiana. In Florida, the average premium jumps from $2,557 without hurricane coverage to $7,136 with a 2% hurricane deductible— a difference of $4,579 annually. Louisiana homeowners pay an extra $4,528 per year for the same protection.
U-Haul Holding Company, the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, plans to report its fourth quarter fiscal 2026 financial results after the close of market trading on Wednesday, May 27, 2026. U-Haul Holding Company is the parent company of U-Haul International,…
—The U.S. Senate on Wednesday confirmed Kevin Warsh to lead the Federal Reserve. Warsh takes over a divided central bank wrestling with the economic fallout from the war started by the U.S. and Israel with Iran on Feb. 28. Thom Tillis, a North Carolina Republican, said he would oppose Warsh until the Justice Department dropped the investigation, which it finally did…
GEICO recently participated in the Small Business Expo in New York City, engaging directly with small business owners and showcasing its evolving commercial insurance portfolio. The company will continue its presence at upcoming expos in Boston on May 27, Los Angeles on Sept. 30, Dallas on Nov. 4 and Atlanta on Dec. 16 as part of its multi-city strategy.
Accelerant Holdings, a data-driven company modernizing the specialty insurance marketplace through the Accelerant Risk Exchange, today announced financial results for the first quarter ended March 31, 2026. We delivered strong performance against all six of our KPIs, reflecting the ongoing momentum across our business,” said Jeff Radke, Chairman and CEO.“…
The U.S. Senate, in a 54-45 vote, confirmed Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve on Wednesday. The Senate voted closely along partisan lines, with Sen. “The president never asked me to predetermine, commit, fix, decide on any interest rate decision in any of our discussions,” Warsh said during a Senate confirmation hearing in April.
–A bill to regulate homeowners insurance rates will be up for consideration in the Illinois House after it cleared the state Senate on Wednesday. Chicago Mayor Brandon Johnson says he is going to meet Pope Leo XIV in Rome later this month. NBC 5 Chicago reported that the mayor’ s first visit with the Chicago- born pope is set for May 28.
May 13– Desperate to get a handle on rising property insurance costs driven by natural disasters, some state lawmakers are opening up a new line of attack in the effort to force oil companies to bear the cost of climate change effects. In three states, Democratic lawmakers introduced bills this session that would allow insurance companies or state attorneys…
The Illinois Secretary of State’ s office expressed support for the bill at a Senate Insurance Committee hearing on Tuesday. “Drivers in Illinois are facing hardships due to increasing automobile insurance rates, and they want oversight to ensure that their rates are not excessive or unfairly discriminatory,” Williams said. Jennifer Hammer spoke on behalf of…
"When shopping for coverage, it is important to use the Health Insurance Marketplace or an insurance agent or company that you have verified is licensed. Only licensed insurance companies and agents are authorized to sell insurance in Michigan, so it is important to verify a company's legitimacy before making a purchase. Michiganders can purchase…
Florida ranks among the most expensive states in the nation for home insurance, prompting some South Florida homeowners to forgo coverage altogether— even as hurricane season approaches. According to Bankrate, only Nebraska and Louisiana outpace Florida in average home-insurance costs. In Fort Lauderdale‘ s Edgewood neighborhood, historic rainfall three…
—Senate confirms Trump pick Kevin Warsh as Federal Reserve chair, bringing new leadership to the powerful central bank.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to“ bbb+” from“ a-” of Arrow Mutual Liability Insurance Company. The outlook of these Credit Ratings has been revised to stable from negative. The ratings reflect Arrow’ s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating…
The following information was released by Brown University:. A study led by Brown University researchers suggests that expanded health insurance coverage may significantly improve survival and care quality in this high-risk population. Among young adults with kidney failure, the expansion of Medicaid following the Affordable Care Act signed into law in…
A proposal to reduce credit card swipe fees has whipped up a frothy, multi-million-dollar lobbying fight at the State Capitol this year, pitting the banking industry against retailers, restaurants and other businesses. "When a merchant takes a credit card from a consumer and processes that card, they should not have to pay fees on the local or state taxes that…
—The Senate confirmed President Donald Trump’ s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy. The Fed has faced threats to its independence from Trump, who has repeatedly attacked Powell for not cutting interest rates. Trump also sought to fire Fed…
