Rising homeowners' insurance rates prompted a group of lawmakers to introduce a bill Wednesday aimed at reducing damage from hail and wildfire. Marc Snyder, D- Colorado Springs and Senate Minority Leader Lisa Frizell, R- Castle Rock. It's been assigned to the Senate Finance Committee.
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—The Federal Reserve is on track to keep interest rates steady Wednesday and defy the Trump administration's controversial efforts to reshape the independent central bank. "After cutting interest rates at each of the last three meetings, we expect the to take an extended pause," Michael Pearce, chief U.S. economist at Oxford Economics, wrote in a Thursday…
2026 JAN 29– By a News Reporter-Staff News Editor at South Korea Daily Report– Investigators discuss new findings in Herpesvirus Diseases and Conditions- Cytomegalovirus. According to news originating from Gyeonggi Do, South Korea, by NewsRx correspondents, research stated,“ Cytomegalovirus remains latent and causes disease in immunocompromised patients.
Most people don't realize that the clock starts ticking the moment a car accident happens in New York. New York's no-fault insurance system promises quick access to medical coverage and lost wage benefits, but that promise comes with strings attached. Why New York's 30- Day No-Fault Deadline Changes Everything.
Selective Insurance Group, Inc. reported financial results for the fourth quarter ended December 31, 2025, with net income per diluted common share of $2.52 and non-GAAP operating income 1 per diluted common share of $2.57. Net investment income increased 17% from a year ago, to $114 million after-tax, generating 13.6 points of annualized ROE in the quarter.
A federal jury in Boston, Massachusetts, convicted a medical doctor Tuesday for health care fraud, money laundering, conspiracy to defraud the IRS, and tax evasion. "Over ten years, the defendant hid millions in income from the IRS and defrauded insurers through his medical practice," said Assistant Attorney General A. Tysen Duva of the Justice Department's…
“The Hartford delivered an outstanding year, with core earnings of $3.8 billion and a core earnings ROE of 19.4 percent,” said The Hartford’ s Chairman and CEO Christopher Swift.“ Results were driven by excellent performance in Business Insurance, which once again generated robust top-line growth at highly profitable margins, a pivotal year in Personal…
When Kansas Senate Bill 244 came to the floor in February 2025, it was a noncontroversial bill about bail bonds. Kansas Republicans in the House and Senate passed the substitute bill on Wednesday through a series of maneuvers that cut their constituents out of the legislative process. In Topeka speak, the maneuver is known as a“ gut and go”— stripping a bill of its…
An independent U.S. monetary authority is imperative for economic growth, prosperity, stability, and- indeed- sustainability. About 50 years ago, my dissertation developed an early model of the monetary system and measured the effects of Federal Reserve policy. After the Panic of 1907, Congress created the Federal Reserve in 1913, formally added the Federal…
Home insurers in Nevada no longer have to include wildfire coverage in homeowners policies under a new state law that took effect Jan. 1. They also say it's a necessary change for areas like the Lake Tahoe region, where expensive homes face increasing wildfire risk and fewer insurers are willing to provide coverage. "If you're a homeowner who doesn't know much…
Today, Senator Tammy Baldwin took to the Senate floor to rail against Republicans' repeated attacks on the Affordable Care Act, including the Trump Administration's effort to terminate health insurance for 1.8 million Americans and raise costs on millions more. Today, Senator Baldwin voted to reverse the Trump Administration's rule that forces Americans…
Amid falling prices for commodity crops such as corn and soybeans, rising input costs for supplies like fertilizer and seeds, as well as the Trump tariffs and the dismantling of USAID, many farms weren't profitable. James Davis, 55, who grows cotton, soybeans and corn in northern Louisiana, said he didn't know how he and his wife would afford coverage.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Well Link Life Insurance Company Limited. The Credit Ratings reflect Well Link Life’ s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business…
The following information was released by the Centers for Medicare& Medicaid Services:. Several health technology companies have pledged to the Centers for Medicare and Medicaid Services that they intend to help states successfully prepare for and implement Medicaid community engagement requirements enacted under Public Law 119-21, which CMS refers…
–Gun rights advocates in Illinois are raising alarms over House Bill 43, legislation that would create a state task force to study mandatory civil liability insurance for firearm owners. Aaron Dorr, executive director of the Illinois Firearms Association, described the measure as“ another major attack on our gun rights.”. HB0043 would create a Task Force on…
Shannon Marie Doty, 53, of Council Bluffs, was arrested on Jan. 15, and charged with one count of insurance fraud, presenting false informatio, a Class D felony. Doty's arrest following an investigation into a fraudulent insurance claim by the Iowa Insurance Division's Fraud Bureau, according to a news release from the Iowa Insurance Division.
"Our investigators work every day to hold insurance fraudsters and bad actors accountable, protecting consumers and ensuring integrity across California's insurance marketplace," said Insurance Commissioner Ricardo Lara. "Whether during disasters or in everyday insurance transactions, the Department of Insurance helps policyholders access their…
Many people in Florida need help paying for basic things like food, clothing, and housing. SSI is run by the Social Security Administration. Unlike Social Security Disability Insurance, SSI does not depend on your work history.
WASHINGTON- The Federal Reserve held interest rates steady on Wednesday amid what U.S. central bank chief Jerome Powell described as a solid economy and diminished risks to both inflation and employment, an outlook that could signal a lengthy wait before any further reductions in borrowing costs. "We expect the Federal Reserve to remain on an extended pause.
