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Federal Reserve Board Researcher Reports on Findings in COVID-19 (Financial Systemic Risk and the COVID-19 Pandemic): Coronavirus – COVID-19

October 14, 2025

2025 OCT 14– By a News Reporter-Staff News Editor at NewsRx COVID-19 Daily– Researchers detail new data in COVID-19. According to news reporting out of Washington, District of Columbia, by NewsRx editors, research stated,“ The COVID-19 pandemic has caused market turmoil and economic distress.”. Our news journalists obtained a quote from the research from Federal…

Oklahoma's AG calls homeowner's insurance rates unacceptable

October 14, 2025

OKLAHOMA CITY— Oklahoma Attorney General Gentner Drummond is challenging Oklahoma's homeowners' insurance rates. He is inviting Oklahoma Insurance Commissioner Glen Mulready to make changes, calling Oklahoma's weather a red herring, and the state's open free market anything but that. Mulready told that to lawmakers on why Oklahoma's insurance rates are…

OSMA TESTIFIES IN SUPPORT OF NETWORK ADEQUACY LEGISLATION

October 14, 2025

The following information was released by the Ohio State Medical Association:. OSMA VP of Advocacy, Monica Hueckel, recently testified in support of HB 219 in a hearing before the Ohio House Insurance Committee. Ohio is actually one of only a handful of states in the country that does not have network adequacy requirements for commercial health insurance plans.

AM Best Affirms Credit Ratings of European Mutual Association for Nuclear Insurance

October 14, 2025

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of the European Mutual Association for Nuclear Insurance. The outlook of these Credit Ratings is stable. The ratings reflect Emani’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business…

Study looks at high cost of homeowners insurance in Oklahoma

October 14, 2025

Senate Democratic Leader Julia Kirt recently led an interim study at the State Capitol looking at the increasing cost of homeowners insurance in Oklahoma. "I was surprised by reports last year that said as a share of home prices, insurance rates in parts of Enid are higher than in some neighborhoods in New Orleans, or even fire-prone parts of California.

AM Best Affirms Credit Ratings of European Liability Insurance for the Nuclear Industry

October 14, 2025

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of European Liability Insurance for the Nuclear Industry. The outlook of these Credit Ratings is stable. The ratings reflect ELINI’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business…

Gov candidate: Fed healthcare action presents ‘one hell of a challenge’ for state

October 14, 2025

Governors can and should stand up for their states when federal policies are driving up healthcare costs and constitute due process violations, gubernatorial candidate Phil Weiser said, during a rainy-day campaign swing through the Western Slope. In Montrose, he fielded questions from residents who told of soaring health insurance premiums and of…

ATTORNEY GENERAL JAMES SECURES $14.2 MILLION FROM CAR INSURANCE COMPANIES OVER DATA BREACHES

October 14, 2025

The following information was released by the office of the New York Attorney General:. New York Attorney General Letitia James today secured $14.2 million from eight car insurance companies for failing to protect the private information of more than 825,000 New Yorkers. An investigation by the Office of the Attorney General and the New York State…

Fourteen health insurers approved to sell plans in Washington's 2026 individual health insurance market

October 14, 2025

Oct. 13— Fourteen health insurers have been approved to sell health plans in Washington's 2026 individual health insurance market, a news release from the Washington State Insurance Commissioner stated. Wellpoint Washington is new to the individual health insurance market and will sell Exchange plans in Grays Harbor and King counties.

AM Best to Discuss Canada Insurance Market Analysis, Record Catastrophe Year and Life/Annuity Premium Growth at Toronto Briefing

October 14, 2025

AM Best will host an insurance market briefing on the state of Canada’ s insurance industry at the Sheraton Centre Toronto Hotel on Thursday, Oct. 30, 2025. To register for AM Best’ s Canada Insurance Market Briefing- Toronto, please go to AM Best’ s Canada Insurance Market Briefing- Toronto. Panelists will include Gord Dowhan, chief financial officer, Wawanesa…

SCHUMER REVEALS: REAL WORLD EXAMPLES, FROM EVERY UPSTATE REGION, OF MASSIVE NEW HEALTH INSURANCE PREMIUM SPIKES FACING NEW YORKERS BECAUSE REPUBLICANS REFUSE TO EXTEND VITAL ACA TAX CREDIT

October 14, 2025

With New York's "window shopping" period for health insurance opening, U.S. Senator Chuck Schumer today revealed real-world examples of the shocking new premium spikes New Yorkers are facing because Republicans refuse to even negotiate to extend the expiring Affordable Care Act premium tax credits. Schumer said these tax credits are essential for nearly 24…

BUILDING CLIMATE RESILIENCE THROUGH INSURANCE INCENTIVES

October 14, 2025

The following information was released by Columbia University:. When wildfires sweep through neighborhoods, insurance is often the last line of defense. In February 2017, as pastoralists across Kenya's arid north braced for another brutal dry season, the Kenya Livestock Insurance Program stepped in, sending payouts of nearly Ksh 215 million to thousands of…

East Buffalo Township faces nearly $1 million budget deficit

October 14, 2025

LEWISBURG— Early projections for the 2026 budget for East Buffalo Township show a nearly $1 million deficit. “Expenses are going to be higher than revenue,” Supervisor Chair James Knight said.“ We’ re going to have to make a decision whether we continue to spend down our reserve or if we do an increase.”. The supervisors approved the township’ s health insurance for…

Susan Panuccio to join Howden as Group Chief Financial Officer

October 14, 2025

Howden, the global insurance intermediary group, today announces the appointment of Susan Panuccio as Group Chief Financial Officer, effective 6 January 2026. She previously held senior board and leadership positions at News Corp in the UK and Australia. Prior to that, Susan worked for AngloGold Ashanti and Ansett Australia, having started her career as an…

FACING UNCERTAINTY: IN RI VISIT, BOSTON FED PRESIDENT HEARS FROM THOSE CONFRONTING IT, REDUCING IT

October 14, 2025

The following information was released by the Federal Reserve Bank of Boston:. Uncertainty is high in the current economic environment, and during a trip to Rhode Island on Tuesday, Federal Reserve Bank of Boston President Susan M. Collins met with a range of people facing it and trying to reduce it. The uncertainty surrounding artificial intelligence was a key…

EUR/USD Analysis and Signals: Selling Pressure Continues Ahead of Jerome Powell's Remarks – 14 October 2025

October 14, 2025

Amid heightened interest from forex traders in the future of US Federal Reserve policies and the ongoing dispute between Trump and bank officials over pressure to continue cutting interest rates, the main focus during today's trading session will be on the reaction to remarks from US Federal Reserve Chair Jerome Powell at 19:30 Egypt time.

Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says

October 14, 2025

—A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more this year. Powell spoke before a meeting of the National Association of Business Economics. “While there was little doubt the was angled to cut rates at its next meeting, today’ s…

JAB Insurance Appoints Life Insurance Veteran as the Next CEO of Prosperity Life Group

October 14, 2025

MIAMI& NEW YORK—- JAB Insurance today announced that it has named Michael Ferik as Chief Executive Officer of Prosperity Life Group, effective October 15, 2025. He will succeed Nicholas von Moltke who served as CEO over the past six years and will shift into a role as Senior Advisor to Anant Bhalla, Executive Chairman of JAB Insurance, to support a smooth transition.

SUPERINTENDENT HARRIS SECURES MORE THAN $19 MILLION FROM AUTO INSURANCE COMPANIES OVER DATA BREACHES

October 14, 2025

The following information was released by the New York State Department of Financial Services:. New York State Department of Financial Services Superintendent Adrienne A. Harris today secured more than $19 million in penalties to New York State from eight auto insurance companies for violations of DFS's cybersecurity regulation. As a result of today's…

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