Majesco, the insurance industry’ s foremost innovator in cloud-native, AI-driven software, announced today that it has been positioned by Gartner as a Leader in the September 2025 Gartner ® Magic Quadrant™ for SaaS P&C Insurance Core Platforms for its offering, Majesco P&C Intelligent Core Suite. This recognition marks the sixth time Majesco has been named a…
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The U.S. Federal Reserve is under siege. President Donald Trump threatens to fire Chair Jerome Powell. The Supreme Court has confirmed that the chair can't be dismissed except "for cause"— a threshold that the renovation-cost overruns the president has cited don't meet.
In 1913, Congress gave the Federal Reserve a clear and narrow mission: Safeguard the value of our money and support stable employment. The Fed, like the U.S. Department of Education, U.S. Agency for International Development and others that have come under attack by President Donald Trump's administration, has strayed far from its original purpose.
WASHINGTON— Federal Reserve Chair Jerome Powell signaled a cautious approach Tuesday to future interest rate cuts, in sharp contrast with other Fed officials this week who called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed's goals of seeking maximum employment and stable prices.
HARRISBURG— Private health insurers will continue coverage for all vaccines approved in 2024 by the Centers for Disease Control and Prevention vaccine panel, moving away from the panel's current construct that's acting to change the recommended schedules, the Shapiro administration announced. Citing a "confusing and chaotic" meeting last week of the…
AM Best- rated U.S. property/casualty mutual insurance companies posted net income of $26.0 billion in 2024, as compared with a $10.8 billion net loss in 2023, according to a new report. The new Best’ s Market Segment Report,“ Profitable Results for US Property/Casualty Mutuals Owed to Improved Rate Adequacy,” states that the improved 2024 results were aided by…
The Blackstone Valley area real estate market shows no signs of slowing down, and the first Federal Reserve rate cut this year has the potential to make homeownership more affordable for many on the cusp of being able to buy. Even with sales slowing in some communities, limited inventory continues to support pricing, "said Jennifer Lemme, president of the…
When it comes to assessing a home's wildfire risk in California, a lot of calculating happens behind the scenes. "My bill establishes a public wildfire catastrophe model to simulate property damage from major wildfires," said California Sen. The Wildfire Safety and Risk Mitigation Program comes less than a year after the California Department of Insurance…
Last February, the North Carolina Rate Bureau requested a 22.6% increase in auto insurance rates for Tarheel drivers. The rate bureau, which represents insurers across the state, presented its case for the increase to Mike Causey, North Carolina's Insurance Commissioner, at a hearing. David Pooser, an associate professor of risk management and insurance at…
During the administration of former President Joe Biden, Democrats increased the federal subsidies provided to help people pay for the ACA exchange policies. If the federal financial assistance for the cost of the marketplace policies expires, Mississippi will be hit particularly hard. Unless Congress acts before the end of the year, the price of the…
Ashley Hinson blasted Democrats over demands to extend Affordable Care Act subsidies and repeal spending cuts as Congress barrels toward a Sept. 30 shutdown deadline. Democrats want the issue resolved in this month's funding bill, warning that delays could mean skyrocketing premiums as insurers set 2026 rates ahead of the Nov. 1 enrollment period.
The Federal Reserve's Senior Loan Officer Opinion Survey from Q1 in 2025 suggests that it has become more challenging for small businesses in the United States to secure commercial and industrial loans. Using current data from the Federal Reserve, Gateway Commercial Finance, an invoice factoring company, offers insights into the commercial lending…
The following information was released by the Equipment Leasing and Finance Association:. The CapEx Finance Index showed that demand for equipment continued to improve in August, with new business volumes rising for a second straight month despite both turbulent trade policy and changes at the Federal Reserve. Total NBV among surveyed Equipment Leasing…
The Department of Business, Economic Development and Tourism is encouraging Hawaii small businesses to take part in the Federal Reserve's 2025 Small Business Credit Survey, now open through November 14. Last year, feedback from Hawaii participants contributed to national reports on lending trends and the financial health of small businesses following…
The following information was released by the Louisiana Department of Insurance:. "Jefferson Parish President Cynthia Lee Sheng, Livingston Parish President Randy Delatte, their staffs, and the Jefferson and Livingston Parish Councils deserve recognition for their diligent work to bring down flood insurance costs for their residents," said Commissioner…
The following information was released by the Federal Reserve Bank of San Francisco:. I am honored to be speaking with a wide array of audiencesthe participants of the 35th Annual Spencer Fox Eccles Convocation, members of the Utah Chapter of the National Association of Corporate Directors, and members of the broader Salt Lake community.
NEW YORK- U.S. stock indexes drifted lower Wednesday. It's a slowdown following the U.S. stock market's blistering run since hitting a low in April, fueled by hopes that President Donald Trump's tariffs won't derail global trade and that the Federal Reserve will cut interest rates several times to boost the U.S. economy. Demonstrating the weight of high…
The law gives the Department of Insurance the authority to disapprove or modify proposed adjustments for upcoming "unreasonable rate increases or inadequate rates." The Department of Insurance enlisted the consulting agency Risk& Regulatory Consulting, at the cost of $500,000, to review the rates, though the filings state "the ultimate decision regarding…
A high-risk driver in California is likely to file claims, have a driver's history of getting into accidents, or have other factors. These situations are called high risk and are normally accompanied by higher insurance rates, fewer policy choices, and state requirements for SR-22 filing. Driving in California is about more than just getting behind the wheel…
