Perpetuals.com (NASDAQ: PDC) announced that Perpetual Markets MTF, which operates on Perpetuals technology, received approval from the Cyprus Securities and Exchange Commission (“CySEC”) to offer crypto-asset services under the European Union’s Markets in Crypto-Assets Regulation (“MiCA”). The authorization enables the operation of a crypto-asset trading platform offering custody and administration, order execution, order reception and transmission and crypto-asset transfer services. […]
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AM Best has upgraded the Financial Strength Rating to B+ from B and the Long-Term Issuer Credit Ratings to“ bbb-” from“ bb+” of The California Casualty Indemnity Exchange and its wholly owned subsidiaries: California Casualty General Insurance Company of Oregon, California Casualty& Fire Insurance Company and California Casualty Insurance Company.
"Vermonters are already facing significant barriers to afford and access the health care they need, and the Trump Administration's proposed rule will only make these challenges worse," said Attorney General Clark. Congress enacted the ACA to expand access to affordable health insurance, and more than 23 million Americans currently receive coverage through…
The Manhattan Life Insurance Company announced that it completed the acquisition of Union Security Life Insurance Company of New York from Assurant, Inc. in March 2026. Founded in 1971, Union Security Life Insurance Company of New York offers life insurance, annuities, and accident and health products in the State of New York. The Company offers a diversity of…
Five residents of Broward and Palm Beach County are among seven people accused in a nearly $100 million scheme that defrauded workers’ compensation insurers through shell companies, state officials announced Wednesday. The investigation, conducted by the Broward Sheriff "s Office and Palm Beach County Sheriff" s Office, began in December 2024 after a BSO…
WASHINGTON- U.S. consumer prices barely increased in July as the cost of gasoline declined for a second straight month, while underlying inflation was benign, further reducing the odds of an interest rate hike from the Federal Reserve next month. Still, economists said a rate increase this year remained on the table as inflation runs well above the U.S. central…
The S&P 500 and the Nasdaq ended higher Wednesday, lifted by upbeat quarterly results from CoreWeave and other artificial intelligence infrastructure firms, while mild inflation data reinforced bets that the U.S. Federal Reserve will hold interest rates steady in September. U.S. consumer prices barely increased in July as the cost of gasoline declined for a…
The Boston Foundation and a committee of strategic partners, including the Barr Foundation, Eastern Bank Foundation, and the Greater Boston Chamber of Commerce, say the new study of family wealth in Massachusetts, released today by the Federal Reserve Bank of Boston, provides unprecedented insights into wealth gaps in the state. The rigorous, impartial…
The New York State Department of Financial Services today announced that it joined state financial agencies in 46 states in securing a $15.5 million settlement with one of the nation's largest mortgage servicers for imposing "force-placed" insurance costs on borrowers who already had active homeowners insurance policies. NewRez LLC has returned…
New Jersey and 46 state financial agencies in 46 states have reached a $15.5 million settlement with one of the nation's largest mortgage servicers for improperly imposing "force-placed" insurance costs on borrowers who already had active homeowners insurance policies. Under the terms of the settlement, Fort Washington, Penn., based NewRez LLC, will pay a…
LITTLE ROCK, Ark. Arkansas and 48 state financial agencies have reached a $15.5 million settlement with one of the nation's largest mortgage servicers for improperly imposing "force-placed" insurance costs on borrowers who already had active homeowners' insurance policies. Under the terms of the settlement, Fort Washington, Penn., based NewRez LLC, will pay a…
The following information was released by the Environmental Defense Fund:. California's homeowner's insurance market has come under significant strain as growing wildfire risk drives more frequent and costly insurance claims. The impacts of rising wildfire risk have led insurers to raise premiums, limit coverage, and withdraw from high-risk areas,…
The following information was released by the Illinois Senate Democrats:. A new law led by State Senator Julie Morrison will provide insured drivers a way to resolve disputes with their insurers about repair costs or total loss valuations without involving the court system. The new law requires all automobile insurance policies in Illinois that include…
The Trump administration is finalizing a rule restricting Medicaid and the Children's Health Insurance Program from covering gender-affirming care for trans youth, according to a document set to be published by the Department of Health and Human Services. The White House first proposed the rule last December under HHS Secretary Robert F. Kennedy, Jr, who…
If you ask New Jersey state Sen. Jon Bramnick which industry exerts the most influence in Trenton, the answer is a no-brainer: health insurers. With the new law, New Jersey joined roughly half the country in restricting use of accumulators, an issue that doesn’ t dominate headlines but is a major fault line in the battle between drugmakers, which say insurers are…
The Bureau of Labor Statistics said prices rose 0.1% for the month, with an annual rate of 3.4%. “The July CPI report is further proof that President Trump’ s long-term agenda is delivering: prescription drug and auto insurance costs continue to fall, real wages are rising, and beef prices have cooled while other household essentials like eggs, poultry, and dairy…
2026 AUG 12– By a News Reporter-Staff News Editor at Insurance Daily News– Data detailed on risk management have been presented. According to news originating from Athens, Greece, by NewsRx correspondents, research stated,“ In this article, we investigate whether the crash of the German DAX index following the U.S. tariff announcement in April 2025 is consistent…
The new chairman of the Federal Reserve, Kevin Warsh, is facing his own version of the same problem that the president who appointed him encountered— an entrenched and highly partisan bureaucracy that fiercely resists change while taking itself very seriously. The most brazen example of this came in an August 11 column by Bloomberg Opinion columnist Bill…
BOISE— A group of legislators on Tuesday assembled at the Idaho Capitol for the first meeting of the Idaho Health Insurers Working Group, created this year to examine a range of issues including rates of claim denial, medical provider reimbursement rates and treatment delays stemming from prior authorization. Though the task force’ s emphasis is…
