AM Best has released newly updated tables of net capital charges associated with a representative sample of transactions from Fannie Mae and Freddie Mac’ s credit risk transfer programs— Freddie Mac’ s Agency Credit Insurance Structure and Fannie Mae’ s Credit Insurance Risk Transfer. Future publications of the net capital charges will be dependent on the…
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Morgan Griffith for the 9th Congressional District seat in the 2026 election. Griffith has represented the 9th District in the U.S. House of Representatives since he was first elected in 2010. The 9th District covers most of Southwest Virginia, including Carroll County, Grayson County and the City of Galax.
NASHVILLE— Tennessee Governor Bill Lee has proclaimed September as Life Insurance Awareness Month in Tennessee. "Life insurance is a critical insurance product, and our entire team fully supports Governor Lee's proclamation, which should remind all Tennesseans to assess their families' financial needs," said TDCI Commissioner Carter Lawrence.
TIFFIN— The Seneca County Board of Commissioners met Thursday for a brief regular meeting, approving several supplemental appropriations and noting an increase in county employee health insurance costs to $606,000. County Administrator Barb Patterson reported requests for maintenance at the Crossway Facility, including $63,143 for male and female…
BOSTON— More than 350,000 Massachusetts health care consumers will be getting "rebates" from several major private health insurers under a state law requiring them to spend a majority of premiums on medical services. Those companies are Blue Cross and Blue Shield of Massachusetts HMO Blue, Inc., Fallon Community Health Plan, Inc., Harvard Pilgrim Health Care,…
A prolonged and painful hangover from the great financial crisis, a pandemic that paralyzed the entire world, a war in Ukraine that has had energy consequences on a global scale and now… Donald Trump is back in the White House. "Several market anomalies this year reinforce our conviction that this is not just another economic cycle, but an economic transformation…
–With Florida now entering the peak of hurricane season, insurance companies are denying home damage claims more aggressively, and their policyholders are fighting back by suing at a higher rate. In 2024, following two hurricanes that made landfall, insurers operating in Florida denied damage payments to almost 47% of homeowners. Nearly 13% of homeowners…
Founded in 1965, RLI Corp. has become a standout insurer across the U.S. for its culture and company values, with a 60-year presence in Peoria.
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 optimal amount of fraud in a system is not zero. I've been thinking about that as the drama surrounding Federal Reserve governor Lisa Cook has unfolded. Before you get mad, let me explain that I'm not talking about the ideal amount of fraud, which is definitely zero.
Nearly two years ago, my son Aidan's life— and, as a result, our family's life— changed forever. A devastating car crash left Aidan with multiple severe brain injuries. He is now 20, unable to speak or walk and dependent on a feeding tube.
–The Justice Department is investigating embattled Federal Reserve governor Lisa Cook after a top administration official accused the Biden appointee of mortgage fraud. The Justice Department issued subpoenas as part of an investigation into whether Cook submitted fraudulent information on mortgage applications. The investigation follows two…
BIRMINGHAM, Ala.– Alabama's educator health insurance plan is facing a $380 million shortfall in 2027 that could compete with teacher pay raises in the state budget. The pressure highlights a growing challenge for Alabama's education budget: Health care costs for educators are climbing much faster than expected, and the price tag is beginning to collide with…
Jacksonville- based Brightway Insurance announced Sept. 3 it acquired GlobalGreen Insurance Agency, increasing the total size of its business to more than $1.7 billion in annual written premiums. Dowling Hales was financial adviser and UB Greensfelder LLP served as legal adviser to GlobalGreen, the release said. Piper Sandler acted as financial adviser and…
"Skyrocketing health insurance premiums are the last thing Americans need right now," said Jessica Altman, executive director of Covered California, the Affordable Care Act marketplace in California that has nearly 2 million enrollees. "There is still time for Congress to act and protect the health care of millions of Americans who rely on marketplace…
But a swift policy change from Massachusetts has now cleared the way; pharmacies may administer COVID booster shots to all Massachusetts residents age 5 and older, and the cost will be covered by health insurance providers. "It's just a sense of relief and maybe a little bit of joy for living in a place like Massachusetts really values the health of its citizens,"…
NEW YORK- Americans with employer-based health insurance are likely to see monthly premiums rise 6% to 7% in 2026, due to higher prices for specialty drugs and increasing use of medical services, according to a survey by consulting firm Mercer. The cost of health plans for employers will increase 6.5% next year, even once benefit design changes are implemented.
The following information was released by the Michigan House of Representatives, the Republicans:. Ron Robinson is leading the charge on a bipartisan package to deter insurance fraud, strengthen reporting, and equip law enforcement with better tools to prosecute offenders. Robinson played a key role in advancing House Bills 47134719 out of the House…
The following information was released by the Catholic Health Association of the United States:. Together, these programs provide health coverage to nearly half of all children in the United States. In July 2025, Congress approved legislation with $990 billion in cuts to Medicaid and CHIP over the next decade.
