The Insurance Information Institute and Munich Re US today announced the release of RiskScan 2026, a comprehensive cross-market research study that examines evolving risk perceptions and interconnected exposures in the United States and United Kingdom insurance markets. Featuring detailed research findings and key insights from Triple-I and…
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What appeared to be a curious case of damage caused by a bear turned out to be an unusual scam. In California, three people were convicted of fraud after faking attacks by an animal… that was actually a human in disguise. With that footage, they attempted to collect nearly $142,000 from insurance companies.
KBRA releases research on the National Association of Insurance Commissioners private letter ratings review process. In August 2024, the NAIC passed an amendment that granted the Securities Valuation Office the ability to review and challenge credit ratings that it does not believe are a reasonable measure of risk for regulatory purposes.
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today launched Jackson Market Link Pro ® 4 and Jackson Market Link Pro Advisory ® 4, further strengthening Jackson’ s suite of registered index-linked annuities. JMLP4 and JMLPA4 provide clients the potential to grow assets before and during retirement…
In this role, Dr. Strunk will advance Hannover Re’ s underwriting innovation and digital transformation initiatives, lead efforts to modernize medical assessment practices to better reflect evolving medical knowledge, and strengthen the company’ s medical oversight and governance capabilities. Previously, Dr. Strunk spent over a decade in academic…
NASHVILLE— The Tennessee Department of Commerce& Insurance proudly announces that over $107 million in insurance policies and benefits was located in 2025 for Tennesseans through the Life Insurance Policy Locator Service. Developed by the National Association of Insurance Commissioners, the Life Insurance Policy Locator Service is a free service that…
Senior Market Sales ®, a premier national insurance marketing organization, has acquired Nocatee, Florida- based Stratton& Company, bringing a more thoughtful, innovative approach to the retirement income market to the national stage. “Our proprietary, best-in-class planning process is designed to empower both those transitioning into retirement and…
NEW YORK— Health insurer Cigna will stop covering GLP-1 weight-loss drugs, including Novo Nordisk's Wegovy and Eli Lilly' s Zepbound, in its employee health plan effective July 1, according to materials viewed by Reuters. Details of the change in the Cigna Group Medical Plan were announced in an email to employees on Monday. The price of weight-loss drugs has been…
As more people continue relocating to Florida, roofing and restoration professionals say many new residents may underestimate how quickly hurricane damage can turn into costly repairs, hidden structural problems and insurance disputes long after storms pass. Experts across Southwest Florida say one of the biggest misconceptions homeowners have is…
The U.S. added 172,000 jobs in May, the government said in a report that far exceeded expectations and continued a robust run of hiring after a sluggish 2025.. The Bureau of Labor Statistics said Friday the unemployment rate remained steady at 4.3%. Wall Street had been expecting employers to add about 80,000 jobs and for the unemployment rate to hold steady.
When you go to the pharmacy, you might be offered a coupon on your prescription drugs. Even as prescription drug costs rise, patients with commercial insurance slowed their use of manufacturer-sponsored drug coupons in recent years, according to a study the Journal of the American Medical Association published April 6. These are not the same as discount card…
U.S. homebuyers can't get a break. Pricey mortgages have been weighing on the housing market more broadly, which has not escaped President Donald Trump. He has waged an aggressive campaign to pressure the Federal Reserve, which sets the short-term benchmark rate, to make deeper cuts to the cost of borrowing.
Federal Reserve Chairman Kevin Warsh inherits an economy bolstered by an AI investment boom but pinched by rising prices from the Iran war, a new Fed survey showed, setting up a fight over an interest rate hike at his debut policy meeting in two weeks. Most U.S. regions experienced higher inflation from late April to late May due to energy-related costs tied to the…
Today, Senator Tim Scott, Chairman of the Senate Banking Committee, released the following statement after Kevin Warsh was sworn in as Chair of the Federal Reserve Board of Governors:. "Today marks a new chapter for the Federal Reserve and for the families, workers, and small businesses counting on a stronger economy. President Trump chose a serious, experienced…
The bill requires mandatory transfers to the CFPB of at least 12% of the total operating expenses of the Federal Reserve, up to the amount under the Dodd-Frank Act "reasonably necessary to carry out the authorities of the Bureau under Federal consumer financial law." Democrats are united in fully funding the CFPB when we take back Congress. "
Today Senator Tim Scott, Chairman of the Senate Banking, Housing, and Urban Affairs Committee, joined Fox Business' Mornings with Maria to discuss the path forward for confirming Kevin Warsh as the next Federal Reserve Chair, restoring the Fed's independence, and advancing policies to expand access to credit for working families and small businesses.
Senate Banking Committee Chairman Tim Scott issued the following statement after U.S. Attorney Jeanine Pirro announced that the Department of Justice is closing its investigation into cost overruns related to the Federal Reserve's headquarters renovation project and deferring to a review by the Federal Reserve's Office of Inspector General:.
Today, Senate Banking Committee Chairman Tim Scott joined Fox Business' Mornings with Maria to highlight the importance of confirming Kevin Warsh as Chair of the Federal Reserve and ongoing efforts to advance digital asset market structure legislation. Chairman Scott emphasized that Warsh's leadership will help restore the Federal Reserve's…
Senate Banking Committee Chairman Tim Scott today convened a hearing to consider the nomination of Kevin Warsh, President Trump's pick to serve as a Governor and Chair of the Federal Reserve, as the central bank begins its transition to a new era of leadership. In his opening statement, Chairman Scott stressed the direct impact Federal Reserve decisions have…
