Judge Lydia Griggsby sentenced Philip James Dupree, 42, of Pikesville, to 70 months in prison, followed by two years of supervised release, for conspiracy to commit wire fraud, wire fraud, arson, conspiracy to commit bank fraud, and bank fraud in connection with schemes to defraud an insurance company and three different financial institutions.
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May 13– Desperate to get a handle on rising property insurance costs driven by natural disasters, some state lawmakers are opening up a new line of attack in the effort to force oil companies to bear the cost of climate change effects. In three states, Democratic lawmakers introduced bills this session that would allow insurance companies or state attorneys…
Today, Colorado U.S. Senator Michael Bennet released the following statement after he voted against Kevin Warsh's nomination to serve as the Chairman of the Board of Governors of the Federal Reserve System:. "Today, I voted against confirming Kevin Warsh to serve as Chair of the Federal Reserve. An independent Federal Reserve is an essential feature of our…
President Donald Trump announced a proposal this week that would expand insurance coverage for fertility treatments like IVF, as he said his Trump Rx program has already saved Americans millions in dollars for IVF drugs. Trump also boasted that his Trump Rx program has resulted in millions in savings for IVF drugs. Katie Britt knows that better than anybody, "…
Starting in June, Washingtonians on Premera Blue Cross insurance may no longer pay in-network rates at MultiCare hospitals and clinics, if the insurer and healthcare organization can't agree on reimbursements. This includes Yakima Memorial Hospital, Tacoma General Hospital and Capital Medical Center in Olympia. While Overlake Medical Center in Bellevue…
Where you live, how much you earn and whether you can afford health insurance can shape far more than your medical bills in Texas. Texas performed better for Native Americans, ranking second out of 21 states measured, and ranked 17th out of 33 states measured for Asian Americans, Native Hawaiians and Pacific Islanders. "Texas has the highest uninsured rate for…
Kim Reynolds, according to the Iowa Medical Society. Reynolds signed the bill at Monroe County Hospital and Clinics in Albia, according to the Iowa Medical Society, a statewide organization that advocates on behalf of Iowa doctors. "This law addresses a high priority for physicians across Iowa— fewer barriers to care and decisions grounded in clinical…
Legislation requiring insurance companies to submit proposed rate increases to the Oklahoma Insurance Department for review prior to taking, rather than raising rates first and notifying the state afterward, has been signed into law. Aaron Reinhardt, R- Jenks, changes how property and casualty insurance rate filings are handled in Oklahoma by moving the…
It's understandable that North Carolina Gov. Josh Stein decided to host a signing ceremony last week that featured a smattering of legislative Republicans when he approved new "compromise" legislation to extend funding for the state's Medicaid health insurance program. After having enjoyed precious few policy wins and endured 16 months of relentless and…
AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” of Builders Alliance Insurance Company. At the same time, AM Best has downgraded the Long-Term ICRs to“ a” from“ a+” and affirmed the FSR of A of Builders Mutual Insurance Company and Builders Premier Insurance Company. These companies are collectively referred to as…
AM Best has upgraded the Long-Term Issuer Credit Rating to“ aa” from“ aa-” and affirmed the Financial Strength Rating of A+ of MS Amlin AG. The company is a subsidiary of Mitsui Sumitomo Insurance Company, Limited. The company, with its operating hubs in Zurich, Bermuda and the United States, is a key platform for MS&AD’ s strategy to increase its exposure to international…
The average long-term U.S. mortgage rate edged lower after rising the previous two weeks. The benchmark 30- year fixed rate mortgage rate fell to 6.36% from 6.37% last week, mortgage buyer Freddie Mac said Thursday. Mortgage rates have been mostly trending higher since the war with Iran began.
Federal officials declared a nationwide Medicaid fraud crackdown Wednesday, citing Hawaii as a state having little concern for prosecuting program theft. He claimed that fraudsters in Hawaii effectively have had“ free rein” from the state government to commit as much Medicaid fraud as they want. Vance cited Hawaii, where about 387,000 residents are enrolled…
WASHINGTON, May 14– The Federal Reserve issued the following white paper abstract on May 13, 2026. The white paper, by Celso Brunetti, Jeffery H. Harris and Ioannis Spyridopoulos, was entitled "Does Banking Consolidation Harm Households?" Disclaimer: The economic research that is linked from this page represents the views of the authors and does not indicate…
Today, the Federal Reserve Bank of New York published new data showing that the share of Americans behind on a range of household consumer debts reached all-time highs in the first quarter of 2026. As the nation hurdles toward an historical record of $19 trillion in total household debt, Americans saw the highest rates of auto loan delinquency that FRBNY has…
Banner| Aetna, an Arizona- based health plan jointly owned by Banner Health, one of the few fully integrated health systems in the nation, and Aetna, a CVS Health company, today announced its sponsorship of the Arizona Interscholastic Association— the governing body for Arizona high school athletics programs— making the insurer the AIA’ s exclusive health…
At 24, I was diagnosed with Crohn’ s disease. After a battery of tests and tens of thousands in medical costs, I had a diagnosis. Thanks to the Affordable Care Act, or Obamacare, I was still on my mom‘ s health insurance while I waited through a job’ s probationary period.
–Provident Bank, a leading New Jersey- based community financial institution, announced today the results of its 2026 Consumer Survey, which examined how American households are navigating persistent inflation, elevated interest rates, and shifting expectations from their financial institutions. The findings reinforce that consumers are under pressure…
The Baldwin Group, a leading independent insurance brokerage and advisory firm, in collaboration with Nasdaq, today released its fifth annual 2026 Directors& Officers Benchmarking Report, revealing a stabilization in the D&O insurance market following record-high premiums in 2022.. "The D&O market has clearly moved into a more balanced environment," said…
