The following information was released by the office of the Governor of New York:. Governor Hochul: "It's time to slam the brakes on fraud. I'll empower our State Police and local Department of Financial Services to clamp down on the car insurance con artists.
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The following information was released by the office of the Governor of Colorado:. DENVER- Today, Governor Polis and the Colorado Division of Insurance, part of the Department of Regulatory Agencies, released new data from homeowner insurance carriers showing that in many counties hail is the largest cost driver of homeowners insurance spikes.
Porch Group, Inc., a new kind of homeowners insurance company, today reported fourth quarter and full-year results through December 31, 2025, that exceeded our expectations. Net loss attributable to Porch was$ million, and Adjusted EBITDA was $23.5 million. In January 2025, the Porch Reciprocal Exchange was formed as an insurance entity owned by its…
More Americans than expected enrolled in Affordable Care Act health insurance plans for this year, after premium subsidies were dramatically cut— but it remains to be seen whether they’ ll keep the coverage as their costs mount. “If you raise the price of something a whole lot, economics tell us that a lot of people will buy less of it or not buy at all,” said Katherine…
The Insurance Information Institute recently launched two comprehensive awareness campaigns in Los Angeles, California, and Cook County, Illinois, raising awareness about the devastating impacts of legal system abuse on the respective states’ economies. “As we continue to be inundated across the U.S. by the likes of billboard attorneys preying on…
The following information was released by the Federal Reserve Bank of New York:. The Federal Reserve Bank of New York today released a report by its Community Development team finding that assets held by Community Development Financial Institutions shrank 3% between Q4 2023 and Q2 2025. "The modest decline in both the number of certified CDFIs and their assets…
New York Life today announced the launch of Golden Futures, a new platform designed to support families at critical moments when passions take shape, learning accelerates and futures begin to feel possible. Encompassing the Golden Futures Awards for children ages 5-16 and the Golden Futures Scholarship Program for current high school juniors and seniors,…
The following information was released by the America's Health Insurance Plans:. As Congress examines how high and rising prescription drug costs are fueling the affordability crisis, drugmakers' relentless lobbying and advertising campaigns serve as a reminder that they simply want a blank check to continue overcharging Americans.
MCCRACKEN COUNTY— Farmers faced many challenges last year, including low commodity prices, high input costs and being stuck in the crossfire of a trade war. KFF Health News reports that more than 25% of farmers purchase health insurance through the individual marketplace. Daniel Edwards, a McCracken County row crop farmer, is part of that population and…
AM Best is revising its market segment outlook for the U.S. directors and officers liability insurance segment to stable from negative, citing rate stabilization and improving loss ratios, among other factors. The Best’ s Market Segment Report,“ US Directors and Officers Liability Insurance,” states that after years of premium decreases, declining security…
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb” of Momentum Life Limited. In addition, the ratings factor in the neutral impact from the company’ s 100% owners, DCG Invest Limited, a New Zealand domiciled investment holding company.
About $2,026 every month— that's what a typical family of four, with two adult homeowners, two children ages 0-14, and a pet, spends on insurance based on national averages, including term life insurance for both adults. With the average monthly principal and interest payment on a 30- year fixed home loan in the U.S. ranging from $2,715 to $2,866 in 2024-25,…
State officials had predicted 80,000 people would forgo coverage if Congress didn't extend the enhanced premium tax credits for those purchasing the policies. During open enrollment, which ran from Nov. 1 to Jan. 15, more than 290,000 residents signed up for insurance through the Washington Health Benefit Exchange. Exchange CEO Ingrid Ulrey said the drop in…
The office of the U.S. Attorney for the Southern District of Georgia posted the following news release:. Dechanta Benning, 35, was sentenced to 70 months in prison, along with substantial financial penalties and five years of supervised release upon completion of any prison term, said Margaret E. Heap, U.S. Attorney for the Southern District of Georgia.
PHOENIX– A new lawsuit blames the state's Medicaid program for about 1,000 children with autism spectrum disorder for losing the therapy they need. What makes the state's Medicaid program liable, according to attorney Tim Nelson, is that AHCCCS approved the action by Mercy Care and Arizona Complete Health. All that stems from a dispute between the insurers and…
The new survey analyzed the latest consumer finance data from the New York Federal Reserve and the U.S. Bureau of Labor Statistics. This comes at the same time as total household debt exceeded $18.59 trillion in quarter three of 2025, $900 billion behind the all-time high experienced during the 2008 financial crisis. U.S. Treasury Secretary Scott Bessent said…
–Insurance companies could be compelled to pay homeowners in Southern California who lost their homes in the January 2025 wildfires, if elected leaders have their way. During a news conference Monday evening at the Capitol, local leaders and homeowners from the Los Angeles area joined Assemblymember Tina McKinnor, D- Inglewood, to announce legislation is…
A bill seeking to make subacute mental health care more accessible in Iowa moved forward Tuesday while some health coverage providers said the bill could limit necessary reviews of patients receiving this care. The bill would eliminate the requirement for subacute mental health care to be limited to a period of 10 days unless a longer period is approved by…
First, the estimated $90 billion to $100 billion increase in refunds, a result of several provisions of the budget law enacted last year, amounts to only about 0.3% of annual gross domestic product. But IRS figures show that it's difficult for any tax cut not to land mostly in the bank accounts of the affluent. In the 2022 tax year, the most recent for which such…
