The Federal Reserve lowered interest rates again at its final meeting of the year, signaling that Chair Jerome Powell was able to guide his deeply divided committee toward a consensus over how to manage an economy suffering from both higher inflation and unemployment. For households, lower interest rates from the Federal Reserve are often something you can…
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Insurance Business America has named Jason Bertoldi, Nicoletta Di Sacco and Miranda Fischer from Alliant Insurance Services as 2026 Hot 100 Award winners. Jason Bertoldi, Global Team Leader, Alliant Litigation& Contingent Risk Insurance, specializes in structuring innovative contingent risk insurance solutions that transfer risk and unlock value…
Munich Re Specialty, the global specialty insurance business of Munich Re Group, has announced the upcoming retirements of Greg Barats, CEO and President of HSB, and Andreas Kleiner, CEO and President of American Modern Insurance Group, following long and distinguished careers. “Greg and Andreas have each made lasting contributions to Munich Re’ s success and to…
OKLAHOMA CITY— A comprehensive package of legislative policy proposals designed to provide Oklahomans with stronger consumer protections, enhanced transparency, and relief from rising homeowners insurance premiums, was announced recently by the state Insurance Department. Insurance Commissioner Glen Mulready said the proposals reflect ongoing…
Automobile insurance fraud, which increases premiums for all drivers, was once almost entirely limited to staged accidents, forged documents, and identity theft. Many schemes involved large rings, even organized crime families, but the techniques were usually unsophisticated. Excluding AI fraud data, the Coalition Against Insurance Fraud estimates total…
The study, published Tuesday in the Journal of Catastrophe Risk and Resilience, suggests that in the last few years, hundreds of thousands of Americans have dropped their flood insurance policies or declined to sign up for a new one after the federal government hiked rates nationwide. “We’ re finding that in households where the income is on the lower side, the drop…
GOP leaders say the package is designed to lower premiums by an estimated $750 to $900 per year by expanding insurance options for small businesses and the self-employed, clarifying the use of stop-loss insurance and increasing transparency around prescription drug pricing. "I think the Democrats have taken a system that was ill and put it into the intensive…
The following information was released by the Federal Reserve Bank of Atlanta:. The board of directors of the Federal Reserve Bank of Atlanta announces the initiation of its search for the Bank's next president and chief executive officer. The president and CEO of the Atlanta Fed is responsible for overseeing all of the Bank's activities, including economic…
The following information was released by the New Jersey State Senate, Democrats:. Acting to address a long-neglected healthcare issue faced by women, a Senate committee advanced legislation sponsored by Senator John Burzichelli and Senator Angela McKnight that would ensure that insurance covers care for menopause and perimenopause in New Jersey.
The average rate on a 30- year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year. Mortgage rates are influenced by several factors, from the Federal Reserve's interest rate policy decisions to bond market investors' expectations for the economy and inflation. They generally follow the trajectory of the 10-…
The following information was released by Public Citizen:. In the letter, Public Citizen, Consumer Federation of America, Center for Insurance Research, Affordable Homeownership Foundation, Catalyst Miami, Manufactured Housing Action, a project of the Tides Center, Miami Homes for All, and South Florida Freedom Road Socialist Organization, cite reporting…
MariaElviraSalazar and Kathy Castor reintroduced the Continuous Coverage for Flood Insurance Act, legislation thatwouldhelplower costs by ensuringthe Federal Emergency Management Agency allowshomeownerstomaintain flood insurancecoverageoutsidethe National Flood Insurance Program. "Families, homeowners and small businesses across Florida…
U.S. Senate Democratic Whip Dick Durbin today held a press conference at Southern Illinois Healthcare Foundation's Cahokia Heights Health Center following Senate Republicans' vote yesterday to raise health insurance premiums for tens of millions of Americans. Families in St. Clair and Madison Counties, which Cahokia Heights Health Center serves, will see…
The following information was released by Tennessee Senator Marsha Blackburn:. Senator Marsha Blackburn sent a letter CVS Health CEO David Joyner, pressing him onthe company's lengthy record of fraud and regulatory violations at taxpayers' expense andthe role the company has played in driving up health care costs. CVS Health, the fifth largest company in the…
The decision before Congress is simple: protect families and communities by extending the healthcare tax credits that keep millions insured. This week, Congress will vote on whether to continue these ACA tax credits or let them die, putting years of hard-won progress at risk of unraveling overnight. Every Oregon member of Congress must vote to extend these…
—The U.S. job market is sluggish and confusing this fall. Federal Reserve policymakers are divided over whether the labor market needs more help from lower interest rates. Labor Department revisions in September showed that the economy created 911,000 fewer jobs than originally reported in the year that ended in March.
The Best’ s Market Segment Report,“ Market Segment Outlook: Malaysia Non-Life Insurance,” states that the non-life sector remains well-positioned for continued growth, even as the country’ s real GDP growth is forecast to moderate in the near term amid global economic headwinds. Bank Negara Malaysia, the country’ s central bank and lead regulator, continues to…
2025 DEC 15– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Data detailed on Managed Care have been presented. Our news journalists obtained a quote from the research from Columbia University,“ This study used data from the Pregnancy Risk Assessment Monitoring System from the period 2015-20 and a difference-in-differences design to…
2025 DEC 15– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– New research on Economics is the subject of a report. According to news reporting originating in Shanghai, People’ s Republic of China, by NewsRx journalists, research stated,“ Exploiting the pilot of electronic Chinese yuan as a quasi-exogenous shock, we show that a central bank…
