The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. United States Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee released the following statement:. "Donald Trump is driving up costs so much that even his sock puppet at the Fed might raise interest rates.
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Federal Reserve hikes key interest rate for 1st time in 3 years, defying Trump's demand for cut
—Federal Reserve hikes key interest rate for 1st time in 3 years, defying Trump's demand for cut.
Many gold investors are anxiously waiting to hear what rate decision will come out of the September meeting of the Federal Reserve. While the decision made may have an effect on the gold market, the impact is unlikely to be as durable as the effects of the current actions that the U.S. Treasury is already […]
Connecticut Attorney General William Tong issued the following news release:. -Attorney General William Tong today released the following statement regarding double-digit average rate hikes approved by the Connecticut Insurance Department for Anthem, ConnectiCare and UnitedHealthcare for individual and small group plans covering approximately…
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Eurasia Insurance Company JSC. While Eurasia’ s financial flexibility is considered limited from its parent, Eurasian Financial Company JSC, which has a weaker credit profile, primarily due to its ownership of JSC Eurasian Bank, regulatory…
WASHINGTON COURT HOUSE, Ohio— The Fayette County commissioners met Monday to address county IT outages, review health insurance options, and approve two land annexations into the Village of Jeffersonville. IT Specialist Mike Meadows reported responding to the Fayette County Board of Elections office Sunday afternoon after a backup generator failed…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Ardellis Insurance Ltd.. The outlook of these Credit Ratings is stable. As of Dec. 31, 2025, approximately 62% of Ardellis’ premium represented unaffiliated business.
HoneyQuote, an AI-enabled insurance brokerage building the infrastructure for coastal insurance distribution, has partnered with private equity firm, Growth Catalyst Partners, to accelerate its expansion across Florida and other vulnerable coastal markets. The transaction includes a significant equity commitment from GCP to support acquisitions…
The elimination of a fiscal credit on value added tax paid to third parties such as hospitals and on other claims-related expenses in Mexico is likely to create greater earnings volatility and pressurize the capitalization of smaller or monoline insurers, according to a new AM Best report. “While the reinsurance market remains in a soft cycle, the potential…
War in Iran has created a global fuel shortage that is driving up oil prices, which has a trickle down effect on consumers, and the latest economic measures show inflation remains sticky, threatening to grow more. "The responsibility for 65 months of sustained, elevated inflation sits squarely with the central bank," Kevin Warsh, Federal Reserve chairman, said in an…
Origami Risk, the industry-leading risk, safety and insurance Software as a Service technology firm, today announced it has been recognized by Gartner in the 2026 Magic Quadrant for SaaS P&C Core Platforms, North America. This marks the third consecutive year Origami Risk has been mentioned in the report. In addition, Origami Risk was named in the Gartner ® Hype…
—U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’ s high inflation under control. The U.S. stock market initially held onto its modest, early gains after the Fed announced its decision. But stock prices weakened later in the day as Fed…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of National Grid Insurance Company Limited, a captive insurer of National Grid plc. The outlook of these Credit Ratings is stable. The ratings reflect NGICL’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating…
New York Life today added an optional Extended No Lapse Guarantee Rider to SVUL Accumulator II, its survivorship variable universal life insurance solution. The product is available in most states through New York Life financial professionals. They are asking how to protect it, how to transfer it efficiently, and how to make sure their plans hold up over time,”…
SS&C Technologies Holdings, Inc., in partnership with DPL Financial Partners, today expanded insurance solutions within SS&C Black Diamond ® Wealth Solutions’ Annuities& Insurance Marketplace. Additionally, Jackson National Life Insurance Company and Protective Life Insurance Company have joined AIM, increasing the platform’s integrated carrier…
Los Angeles County is investigating Farmers Insurance over its handling of claims from the 2025 Eaton and Palisades fires, focusing on potential violations of California's Unfair Competition Law. Los Angeles County Supervisors Kathryn Barger and Lindsey P. Horvath have claimed that after faithfully paying their premiums, wildfire survivors are being…
Home insurance affordability and cost transparency have become top issues in many states, especially as the U.S. approaches the midterm elections. The national average cost of home insurance is $3,012 per year, according to Insurify data, but localized risk has made averages less helpful for understanding the true cost of protection for many homeowners.
Jeff Black has joined Alliant Insurance Services as Senior Vice President within its Employee Benefits Group. The Chicago- based consultant will advise a diverse portfolio of clients on human capital and benefits strategies designed to support growth, organizational transformation, and critical business initiatives. He earned a bachelor’ s degree in…
A judge in Comanche County, Oklahoma, recently de-designated 31 State Farm documents that had been concealed under a protective order, allegedly revealing proof the insurance company was employing a scheme that produced a profit of $1.4 billion by underpaying and denying wind and hail claims, according to KFOR. "They did a pilot in Dallas County, and it worked,"…
