Newswires

WellSpan Health announced today it has named Keith Smith as chief legal officer for the system. Prior to that, he was executive vice president and general counsel at Atrium Health, where he was accountable for audit services, privacy and insurance programs, among others. Based in Charlotte, North Carolina, Atrium Health is part of Advocate Health, the…

U.S. stocks drifted a bit below their record heights. Stocks have run to records on expectations that the Federal Reserve will announce on Wednesday its first cut to interest rates of the year. Treasury yields eased a bit after a report showing stronger sales at U.S. retailers did little to change expectations for the Fed to cut interest rates several times…

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Forestry Mutual Insurance Company. The Credit Ratings reflect FMIC’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and…

The following information was released by Rhode Island Senator Jack Reed:. With Rhode Island health insurance premiums slated to increase by over 20 percent in many cases in the coming year and approximately 175,000 Rhode Islanders who are covered by commercial insurance plans slated to see their premiums rise by double digits in 2026, U.S. Senator Jack Reed…

Senate Banking Committee Chairman Tim Scott issued the following statement after the Senate voted 48-47 to confirm Dr. Stephen Miran to the Board of Governors of the Federal Reserve System. "Dr. Miran's confirmation is a win for the American people, and I am proud to have worked with my colleagues on the Senate Banking Committee to make this possible.

Today on the Senate floor, U.S. Senator Jack Reed, a leading member of the Senate Banking, Housing, and Urban Affairs Committee, urged his Senate colleagues to vote against Dr. That's because they have freedom to make tough decisions that may not be favored by the White House but that are necessary to achieve its dual mandate. It is unfortunate that Dr. Miran…

As expectations that the Central Bank will lower rates of interest continue to grow, the price of gold continues to surge, boosted by inflows into ETFs backed by gold. Data shows that collectively, about 17 metric tons of gold have been added to bullion-backed ETF holdings in the last week, underscoring resilient investor demand.  Platinum has also […]

FEDERAL RESERVE: An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor for now, rebuffing President Donald Trump's efforts to remove her just ahead of a key vote on interest rates. Meanwhile, the Senate approved Stephen Miran, one of President Donald Trump's top economic advisers, for a seat on the Fed's governing board.

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. Washington, D.C. U.S. Senators Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Reverend Raphael Warnock led a letter to Federal Reserve Board Chair Jerome Powell, Comptroller of the Currency Jonathan Gould,…

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. U.S. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement on the D.C. Circuit Court's decision rejecting President Trump's illegal attempt to fire Fed Governor Lisa Cook:.

—In a story published Sep. 15, 2025, about the Federal Reserve’ s upcoming policy meeting, The Associated Press erroneously reported how Cleveland Fed president Beth Hammack might vote.

BELLEVUE— Top U.S. House Democrat Hakeem Jeffries traveled here Friday to decry rising health insurance costs he says are driven by recent actions from congressional Republicans and the Trump administration. Jeffries said he's willing to risk a government shutdown if Republicans don't reverse what he sees as an assault on health care.

"I'm proud to be an original cosponsor of this legislation that extend these credits for a limited time in order to give lawmakers the opportunity to construct responsible reforms that don'tleave Arizonans' in the lurch with thousands of dollars more a year in health insurance premium increases," Congressman Ciscomani said. "We as Congress must come together…

The following information was released by the U.S. House of Representatives Committee on Financial Services:. House Financial Services Committee Chairman French Hill delivered the following statement at today's markup of various bills which foster economic growth, strengthen our capital markets, and more. Read Chairman Hill's remarks as prepared for…

Two years ago, with insurance rates skyrocketing, Florida legislators called a special session, vowing to provide relief. So to distract you, GOP lawmakers have spent the past two years screaming about everything except insurance. Well, while the politicians were busy trying to gin up outrage, a handful of Florida journalists kept their eyes on the insurance…

A New York court of appeals ruled in August that Donald Trump's penalty for multiple counts of fraud violated the Eighth Amendment's prohibition against "excessive fines." In early August, Trump's Department of Labor reported the economy had added 73,000 jobs in July, fewer than the 115,000 predicted, and that additions during the two previous months had been…

Interest rates are a tricky balancing act, as Fed Chair Jerome Powell knows well. The Federal Reserve is in a nearly impossible spot right now. The Fed has been under pressure to cut rates for some time– including from President Donald Trump.

A-CAP Group, a New York- based insurance and financial services company with over $12 billion in assets, is pleased to share a comprehensive business update, including financial results as of June 30, 2025, notable asset transactions, product enhancements, and strategic operational developments. As of June 30, 2025, Atlantic Coast Life and Sentinel report…