Newswires

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…

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

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Hyundai Marine& Fire Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect HMF’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and…

During Kevin Warsh's swearing-in as chair of the Federal Reserve, President Donald Trump told the new chair to be "independent" and "don't look at me, don't look at anybody, just do your own thing and do a great job." "For the Fed to cut rates, they would likely need to see some new negative shock to the job market, whether that be worsening of the Mideast conflict or some of…

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B and the Long-Term ICR of“ bb+” of Veterinary Professional Insurance Society Incorporated. The outlook of the FSR is stable. The Credit Ratings reflect VPIS’ balance sheet strength, which AM Best assesses as adequate, as…