The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers. The benchmark 30- year fixed rate mortgage rate rose to 6.49% from 6.43% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.72%.
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Illinois has seen the 7th- greatest cumulative increase in average home insurance rates from 2020 to 2025, according to a recent analysis. “There has been a rise in claims in Illinois over the past few years, primarily driven by climate patterns and weather,” Frank Manzo IV, an economist with the Illinois Economic Policy Institute, told the News-Democrat in a…
Globe Life Inc. (NYSE: GL) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 1.24% on the day to $179.27. Globe Life Inc. delivers diverse life insurance and supplementary health coverage, alongside annuity products, targeting households in the lower-middle to middle-income brackets throughout the United […]
Arch Insurance North America today announced the expansion of its Transactional Risk Insurance Product capabilities through the launch of a new U.S.- based transactional liability team that complements Arch’s existing worldwide transactional risk business. "Arch has been an active participant in the transactional risk market for more than 15 years…
"Pools are no longer considered amenities by insurers; they're treating them as liabilities when underwriting, period," said Kate Wilhelms, director of marketing and operations at Gateway Realty Group in St. Louis. Drowning is the leading cause of death for children ages 1 to 4 and the second leading cause of unintentional injury death for children ages 5 to 14,…
Other members of Iowa's Medicaid fraud panel will include:. •„Department of Health and Human Services principal Deputy Director Larry Johnson. •„Department of Inspections, Appeals,& Licensing Director Aaron Baack.
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to China Ping An Insurance Company Limited. The ratings also reflect the support of its affiliated company, Ping An Property& Casualty Insurance Company of China, Ltd.. CPAHK acts as a vital link for Ping An P&C’ s GBA initiatives in Hong Kong/ mainland China cross-border…
The important decisions of the Supreme Court of the United States this summer include two regarding the limits of presidential power. At the same time, the Court also has ruled that the Federal Reserve does not fall under this general executive rule. In the late 1950 s, economist William Phillips at the London School of Economics discovered a strong inverse…
They need the help, according to the Virginia Health Benefit Exchange, an arm of the State Corporation Commission, which estimates 100,000 Virginians lost their health insurance coverage this year after Congress failed to extend the enhanced federal premium tax credits. The state budget money will help those Virginians recover their insurance, as well as…
Arch Reinsurance Group today announced the promotions of William Soares to CEO of Arch Reinsurance Ltd. in Bermuda and Jon Schriber to CEO of Arch Reinsurance Company in the U.S., effective immediately. Soares joined Arch in 2006 and has held various roles of increasing responsibility within Arch Re in Bermuda. He has served as President of Arch Reinsurance…
Reliance Matrix announced today an enhancement to its Employee Navigator integration with the introduction of a new Evidence of Insurability API, designed to simplify benefits administration and create a more seamless enrollment experience for employers, brokers, and employees. The new capability allows employees to complete Evidence of Insurability…
OKLAHOMA CITY— For the second time in less than a month, Oklahoma's attorney general has sued an insurance company for allegedly denying or minimizing payments for valid hail and wind damage claims. Attorney General Gentner Drummond on Tuesday, July 7, 2026, sued Allstate Insurance Co. in Cleveland County District Court after filing a similar suit there June…
For years, we’ ve argued over whether California spends too much on Medi-Cal. This week, by signing Senate Bill 177, Newsom directed the California Department of Finance to develop options for requiring the state’ s largest corporations to help cover Medi-Cal costs generated when their workers earn too little to afford premiums for private health insurance.
“Small businesses are the backbone of Indiana’ s economy, but many continue to struggle with managing employee health benefits costs,” said Jessica Lopez-Liggett, President of Anthem Blue Cross and Blue Shield in Indiana.“ Together with One Southern Indiana and local chambers across the state, we’ re helping eligible small employers create greater cost…
NEW YORK- Companies offering Obamacare health insurance plans next year are requesting payment rates representing a 14% median increase to premiums over 2026 rates, according to data from health policy research group KFF. Insurers must submit proposals to regulators by July 15, detailing expected costs and planned price changes ahead of the new year.
Abigail Spanberger approved $150 million dollars for it in the state budget late last month. The move comes after federal funding shifts triggered by Congress' failure to renew expiring ACA subsidies. "Most Virginians losing Marketplace coverage this year do not have any other options for health insurance coverage," exchange director Keven Patchett said.
In 2023, there were an estimated 6.1 million police-reported traffic crashes in the United States, resulting in more than 2.4 million people injured and 40,901 killed, according to the National Highway Traffic Safety Administration. To better understand how claims technology is changing the experience after a crash, Law Offices of Pius Joseph, a personal…
Yesterday, Politico reported that Trump's Department of Justice went to court seeking to revive a rule that would allow employers to deny birth control coverage. Trump's administration first implemented this rule in 2018, and a Pennsylvania court struck it down last year. The Justice Department on Tuesday asked the Third U.S. Circuit Court of Appeals to…
California Attorney General Rob Bonta today announced joining a bipartisan coalition of 46 attorneys general in securing a $45 million multistate settlement with Block, Inc., the company behind the peer-to-peer payments app Cash App. The settlement resolves allegations that Block violated California's Unfair Competition Law and False Advertising Law…
