Mark R. Warner, a senior member of the Senate BankingCommittee, released the following statement ahead of a scheduled committee vote on the nomination of Stephen Miran to the Federal Reserve Board of Governors:. "The Federal Reserve was designed to make decisions free from political interference, guided by data and the long-term stability of our economy, not the…
Newswires
—President Donald Trump's administration on Wednesday appealed a ruling blocking him from firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board. The White House has insisted Trump, a Republican, has the right to fire Cook over over allegations raised by one of his appointees that she committed mortgage fraud…
When Sally Nix found out that her health insurance company wouldn't pay for an expensive, doctor-recommended treatment to ease her neurological pain, she prepared for battle. This isn't a final no,' "said Nix, 55, of Statesville, North Carolina. Denials can be appealed, but nearly half of insured adults who received a prior authorization denial in the past two years…
The U.S. Census Bureau today announced that real median household income was $83,730 in 2024, not statistically different from the 2023 estimate of $82,690. These findings come from three Census Bureau reports: "Income in the United States: 2024," "Poverty in the United States: 2024," and "Health Insurance Coverage in the United States: 2024." While the official…
Gradient AI, a leading enterprise software provider of artificial intelligence solutions in the insurance industry, today announced the release of its enhanced group health AI-powered Risk Management Life Cycle solution. Community Health Options, a Maine- based nonprofit health insurer, has adopted the platform to improve underwriting and renewal…
In the wake of federal changes, Insurance Commissioner Trinidad Navarro and the Delaware Department of Insurance wish to inform residents about carrier' s intentions regarding insurance coverage for immunizations. Vaccines save lives, said Insurance Commissioner Trinidad Navarro. I am proud to share that several of our commercial carriers have…
Calls in Illinois for legislative intervention in homeowners’ insurance underwriting and price setting, though well-intentioned, would likely reduce both affordability and availability of coverage, according to a new Issues Brief published today by the Insurance Information Institute. “While calls for rate regulation may appear politically appealing,…
The event is scheduled for Thursday, Oct. 23, 2025, from 3:00– 6:00p.m. at The Renaissance São Paulo in Brazil. Following the outlook presentation, Carlos De la Torre, managing director of operations of AM Best’s Mexico- based subsidiary, and Alfonso Novelo, senior director, analytics, will cover how Best’ s National Scale Ratings are assigned to insurance…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Tokio Marine& Nichido Fire Insurance Co., Ltd. and its subsidiaries. The outlook of these Credit Ratings is stable. TMNF has a track record of consistent premium growth, with net premiums written rising to JPY 5.1 trillion in fiscal-year 2024, from JPY 3.4…
The Credit Ratings were first placed under review on 23 August 2024, following the announcement that Solidarity Group Holding B.S.C. (c) agreed to purchase the operations of BNI and Bahrain National Life Assurance Company B.S.C. (c) for a total purchase price of BHD 75 million. The completion of the acquisition of 100% of the shares in BNI by SGH and BNL by SGH’ s…
—A Senate committee on Wednesday approved the nomination of White House economic adviser Stephen Miran to the Fed's board of governors, setting up a likely approval by the full Senate, which would make Miran the third Trump appointee to the seven-member board. The White House has pushed for an expedited Senate approval of Miran, who was nominated by President…
Geosight℠ provides insurers with a forward-looking, dynamic dataset derived from the driving activity of 15% of the U.S. driving population. This anonymized and aggregated data is refreshed regularly, and distributed monthly, reflecting real-world driving patterns across 96% of populated U.S. ZIP codes. When an underwriter, analyst or actuary wants to…
Lincoln International, a leading global investment banking advisory firm specializing in private capital markets, is pleased to announce its entry into a definitive agreement to acquire MarshBerry, a premier advisory firm that has been serving the insurance brokerage, insurance distribution, and wealth management sectors for over 40 years.
AmTrust Financial Services, Inc., a global specialty property casualty insurer, today announced the appointments of Curt Fletcher as Senior Vice President and Matt Thomas as Vice President of AmTrust’ s newly established E&S Premier group within the Company’ s Excess and Surplus division. Curt Fletcher brings more than 30 years of experience building and…
AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of B++ and the Long-Term ICRs of“ bbb+” of New London County Mutual Insurance Company, Hingham Mutual Fire Insurance Company, Thames Insurance Company, Inc. and Danbury Insurance Company, which operate under an intercompany…
Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump’ s efforts to fire her. The ruling Tuesday by a federal judge, which almost certainly will be appealed, is a blow to the Trump administration’ s efforts to assert more control over the U.S. central bank, which is traditionally independent from day-to-day politics…
BOWLING GREEN– A Taylor County, Kentucky, man was sentenced on August 26, 2025, to 12 months and 1 day in federal prison for crop insurance fraud. U.S. Attorney Kyle G. Bumgarner of the Western District of Kentucky and Special Agent in Charge Miles Davis of the U.S. Department of Agriculture, Office of the Inspector General made the announcement.
Sara Stein has joined Alliant Insurance Services as Senior Vice President, where she will oversee the company’ s growth and expansion within the association and affinity market. Stein earned her bachelor’ s degree in business administration from the University of South Carolina in international business and marketing and serves as Distributor Forum…
The Taylor County man convicted of crop insurance fraud has been sentenced to 12 months plus one day in federal prison plus a fine of $250,000. The federal court sentence also requires Robert "Robbie" Thomas Hunt, 61, of Campbellsville, to make restitution by repaying $1,686,002 to the federal government. Between 2014 and 2021, Hunt Farms reportedly sold crops…
