Newport Specialty Partners, a newly formed specialty insurance platform backed by Lovell Minnick Partners, today announced that it has made a majority investment in Complex Coverage, Inc., a leading managing general agency focused on homeowners and personal lines coverage in New York. The company has built a strong reputation for underwriting expertise,…
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Standard Insurance Company and Ignite Partners today announced the launch of Thrive Plus Fixed Indexed Annuity. The launch represents a strategic collaboration between The Standard— a financially strong and highly rated carrier with more than a century of stability— and Ignite Partners— a leading industry innovator known for developing and distributing…
The North Carolina State Health Plan, which serves hundreds of thousands of retired and active state employees, is currently in the second year of a contract with Aetna and projects it will spend more than $1 billion over what was originally planned for its three-year contract. People are using services in more expensive places,” he said in an interview with The…
The Central Bank of Nigeria, CBN, has been proactive and methodical in formulating policy measures to stabilise and boost the economy towards achieving sustainable growth. The recent 2026 banks recapitalisation has been widely applauded by industry watchers, experts and prominent institutions, including the International Monetary Fund, IMF, as it is…
This integration enables medical information collected through Opifiny to flow directly into FINEOS claims and absence processes, reducing manual handling and delays associated with traditional medical information requests, including attending physician statements and patient charts. “Partnering with Opifiny strengthens our ability to deliver…
Major health insurance carriers in Connecticut continue to violate the state's mental health parity law nearly seven years after its initial passage, adding to ongoing access gaps, according to a new report from the Department of Insurance. "I think it's shocking and frankly disgusting that all five of the companies in Connecticut violated this law," said…
For over a century, the Federal Reserve has served as an independent central bank that can set interest rates without interference from Congress or the White House. But now, President Trump is sending clear signals that he wants his Fed nominees to advance his chaotic agenda from inside the Federal Reserve. Leading up to today's hearing, President Trump has…
Republican Senator Thom Tillis on Sunday said he would allow Senate confirmation of Federal Reserve chair nominee Kevin Warsh to go forward after the Department of Justice on Friday dropped an investigation into Fed Chair Jerome Powell that Tillis viewed as a threat to the central bank's political independence. The decision ends months of limbo for Warsh…
The Justice Department is dropping its criminal investigation of Federal Reserve Chairman Jerome Powell, a move that opens the way for President Trump's nominee, Kevin Warsh, to head the central bank. Prosecutors were exploring whether Mr. Powell lied to Congress in his testimony last summer about the cost of renovating the Fed's Washington headquarters.
"Colleagues, Kevin Warsh has lived the American Dream. WASHINGTON U.S. Senator Dave McCormick today introduced his friend, Kevin Warsh, at his nomination hearing before the Senate Banking Committee to chair the Federal Reserve. "It is my great honor to introduce my friend, Kevin Warsh, and to welcome him and his wife Jane here today.
This week begins with housing, but the real macro story comes later: the Federal Reserve chair’ s press conference and the Personal Consumption Expenditures inflation report. The Case-Shiller home price index will likely confirm what Zillow’ s data already showed: home-price growth has cooled. Milwaukee, Hartford, Buffalo, Cleveland, Chicago and New York have…
After the governor’ s race, the insurance commissioner race is arguably the most important one on the statewide ballot this year. A functioning insurance market is crucial for a healthy real-estate industry, business climate and economy. Commissioners play a critical role because of their power to set rates.
—The Republican senator who had effectively blocked confirmation of President Donald Trump’ s pick to lead the Federal Reserve said Sunday he was dropping his opposition after the Department of Justice ended its investigation of the current central bank chair. Thom Tillis of North Carolina removes a big hurdle to Trump's effort to install Kevin Warsh, a…
The U.S Federal Reserve will release its FOMC Statement this coming weekend and is not expected to change the Federal Funds Rate. Now that this bit of information is out of the way, day traders should continue to focus on sentiment shifts developing because of the lack of clarity regarding the situation in the Middle East and its effects on the costs of energy, and…
In an effort to put a dent in the state's housing shortage, California is considering something unprecedented: getting into the construction insurance business. Recently, Assemblymember Buffy Wicks, an Oakland Democrat, and a bipartisan coalition of lawmakers raised the curtain on a long-awaited package of bills meant to push developers toward…
OKLAHOMA CITY— Business activity in the Tenth District manufacturing sector, which includes Oklahoma, continued to grow and expectations for future activity rose slightly from last month, the April manufacturing survey conducted by the Federal Reserve Bank of Kansas City revealed. "Regional manufacturing activity continued to expand, but raw materials…
Candy Christiansen and her husband bought a vacation home about two years ago on Hilton Head Island. Our heart is on Ocean Lane,” she said. Hilton Head residents are often facing similar decisions: Go without flood insurance and risk their home or pay thousands in bills in insurance premiums.
The following information was released by the Tennessee Department of Commerce and Insurance:. The Tennessee Department of Commerce and Insurance announces new guidelines for insurance carriers when using aerial imagery, including drone photography, when inspecting consumers' properties. "Our team is aware of incidents in other states where homeowners'…
Hundreds of thousands of properties in Hawaii do not currently qualify for flood insurance, the report noted, and many remain uninsured or underinsured despite these growing environmental risks. Hawaii farmers, for instance, do not qualify for federal crop insurance since it is only available to large-scale, single-crop farms more commonly found on the U.S….
