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MAY 01, 2026 ARTIFICIAL INTELLIGENCE IN THE FINANCIAL SYSTEM

May 5, 2026

The following information was released by the Federal Reserve Board:. Anthropic's Mythosan AI model that identifies cyber vulnerabilitieshighlights the dynamic nature of this technology and the rapid pace that its capability can evolve. Whether used in targeted modeling or enterprise-wide tools, AI will become a force multiplier for the financial…

THERE IS NO TRY

May 5, 2026

The following information was released by the Federal Reserve Bank of New York:. Remarks at the Cynosure Group Spring Symposium, New York City As prepared for delivery. Today, I will talk about how the Federal Reserve is working to achieve its dual mandate of maximum employment and price stability at a time of great uncertainty.

California moves to penalize State Farm for delaying, underpaying wildfire claims

May 4, 2026

The California Department of Insurance is hoping to level penalties against State Farm after it found the insurance company excessively denied, delayed and underpaid claims filed by survivors of the 2025 Los Angeles wildfires. In a legal document filed against State Farm, the department seeks millions of dollars in financial penalties, as well as a…

California seeks up to $4 million from State Farm over alleged mishandling of wildfire claims

May 4, 2026

The state Department of Insurance is seeking as much as $4 million in penalties from insurance giant State Farm due to its alleged mishandling of claims filed by survivors of the January 2025 wildfires that swept through the Los Angeles area. The regulators, who launched their investigation into State Farm last summer, also are considering a temporary…

House bill seeks to protect insured homeowners after disasters

May 4, 2026

The House Insurance Committee held a public hearing Monday, April 13, for a bill that aims to help homeowners handle insurance claims during disasters. David Casteel, R- High Ridge, would instate the "Missouri Disaster Mediation Act" and the "Missouri Stronger Homes Act," along with other changes to home insurance. "The bill is a comprehensive consumer-focused…

Reports Summarize Engineering Study Results from Federal Reserve Bank (Improving Data for Managing Cyber Risk and Building Resilience): Engineering

May 4, 2026

2026 MAY 04– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Investigators discuss new findings in Engineering. For more information on this research see: Improving Data for Managing Cyber Risk and Building Resilience. Journal of Operational Risk, 2026; 21. Journal of Operational Risk can be contacted at: Incisive Media, Haymarket House, 28-29…

Findings from Georgetown University Broaden Understanding of Economics (The Constitutional Money Problem): Economics

May 4, 2026

2026 MAY 04– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Investigators discuss new findings in Economics. According to news reporting from Washington, District of Columbia, by NewsRx journalists, research stated,“ We consider three aspects of the constitutional status of the U.S. Federal Reserve in this Article.”. The news correspondents…

Illinois bill would mandate infant allergy coverage, with unclear cost impact

May 4, 2026

Darby Hills is backing Illinois Senate Bill 4182, which would require most insurance plans to cover a six-month supply of egg and peanut allergen supplements for infants when prescribed by a health care provider. The overall fiscal impact of the proposal remains unclear, but insurers would likely pay the market price for the supplements, estimated at…

Florida state employee health insurance premiums frozen for 2026-27

May 4, 2026

Tens of thousands of state workers as well as those working for state colleges can expect their health insurance premiums to remain the same for another year, according to the Florida Senate budget chair. Ed Hooper, R- Clearwater, made the comment this week while answering questions from reporters about the coming special session on the budget scheduled to…

WHIP EMMER TOUTS MORE THAN 500 KEY STAKEHOLDERS SUPPORTING THE HOUSE-PASSED FARM BILL

May 4, 2026

H.R. 7567, or the Farm Bill, was led by House Agriculture Committee Chairman Glenn "GT" Thompson. We sincerely appreciate the bipartisan members of the House Agriculture Committee who voted to advance the Farm, Food, and National Security Act of 2026 and continue to stand up for U.S. agriculture. " Crop Insurance and Reinsurance Bureau:.

Equitable Holdings Reports First Quarter 2026 Results

May 4, 2026

Equitable Holdings, Inc. today announced financial results for the first quarter ended March 31, 2026. Within our businesses, we continued to see healthy organic growth momentum, highlighted by $1.3 billion of net inflows in Retirement and $2.0 billion of advisory net inflows in Wealth Management. As of March 31, 2026, total AUM/A was $1.1 trillion, a…

The Baldwin Group Announces First Quarter 2026 Results

May 4, 2026

The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc., an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial clients, today announced its results for the first quarter ended March 31, 2026. Total revenue increased 29% year-over-year to $532.2 million Organic revenue…

California insurance regulator says State Farm violated state law repeatedly in handling claims from 2025 LA wildfires

May 4, 2026

—California insurance regulator says State Farm violated state law repeatedly in handling claims from 2025 LA wildfires.

California seeks millions of dollars from State Farm for handling of claims after 2025 LA wildfires

May 4, 2026

—California’ s top insurance regulator says the state is seeking millions of dollars in penalties from State Farm after an investigation found the insurance company violated state law while handling claims from the 2025 Los Angeles-area wildfires. Insurance Commissioner Ricardo Lara said Monday that State Farm violated the law hundreds of times.

NEWS: BLUNT ROCHESTER JOINS GALLEGO, ALSOBROOKS, AND COLLEAGUES IN PRESSING FED NOMINEE KEVIN WARSH ON CONTRADICTORY TESTIMONY

May 4, 2026

Senators Lisa Blunt Rochester, Ruben Gallego, Angela Alsobrooks, Elizabeth Warren, Chris Van Hollen, Tina Smith, Raphael Warnock, and Andy Kim called on Federal Reserve Chair nominee Kevin Warsh to clarify discrepancies between his testimony before the Senate Committee on Banking, Housing, and Urban Affairs and public statements from President Trump…

Health insurer settles $5M ‘deceptive marketing’ lawsuit with Mass. AG

May 4, 2026

A Texas health insurance company has settled a lawsuit alleging that it“ used deceptive and unfair business practices” to sell Massachusetts residents coverage plans that did not meet state and federal requirements, state prosecutors announced. Adroit Health Group reached a settlement with the state Attorney General’ s Office in which it will pay $5 million…

U.S. SENATORS KATIE BRITT, DAVE MCCORMICK, COLLEAGUES INTRODUCE LEGISLATION TO EXTEND THE TERRORISM RISK INSURANCE PROGRAM FOR SEVEN YEARS

May 4, 2026

"For more than two decades, Congress has recognized the need for the Terrorism Risk Insurance Program. While making sure American businesses have access to this protection is an unfortunate necessity in today's world, it's critical that Congress extend the program, "said Senator Britt. In 2002, Congress first passed the Terrorism Risk Insurance Act to make…

Why are rates going up?

May 4, 2026

Question from Anna: I just got notice that my Supplement is going up almost 25% in 2026 after a 15% rate increase last year. Answer: It is not just your company Anna, although the 24.5% increase on the AARP branded Supplement you have is the highest announced so far in 2026. HealthSpring had a 19% increase that went into effect in February after a 12% increase in 2025….

CORTEZ MASTO, MCCORMICK, SMITH INTRODUCE LEGISLATION TO PROTECT THE TOURISM INDUSTRY FROM THREATS OF TERRORISM

May 4, 2026

U.S. Senators Catherine Cortez Masto, Dave McCormick, and Tina Smith introduced legislation to extend the Terrorism Risk Insurance Program for another seven years. "From the Super Bowl to the World Series of Poker to F1 races, the Silver State regularly hosts large gatherings," said Senator Cortez Masto. Extending the Terrorism Risk Insurance program would help…

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