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RALEIGH— North Carolina Insurance Commissioner Mike Causey recently announced a settlement with the North Carolina Rate Bureau that will limit the increase in automobile insurance rates. Under the settlement, North Carolina drivers will see an average statewide increase of 5% in automobile insurance premiums, significantly lower than the 22.6% hike…

BENTONVILLE, Ark.— Walmart has agreed to pay $10 million to settle Federal Trade Commission allegations that it allowed scammers to use its in-store money transfer services to defraud consumers out of hundreds of millions of dollars across the United States. The settlement follows a years-long investigation by the FTC, which claimed that Walmart failed to…

New York Life, America’ s largest 1 mutual life insurer, is proud to announce the launch of the New York Life Financial Empowerment Scholarship, reflecting the company’ s ongoing commitment to supporting students throughout major life events and expanding access to financial literacy. Those from the high school classes of 2025 and 2026 can apply now through 4…

COLUMBUS— Ohio Attorney General Dave Yost is taking legal action to block an entity from engaging in the business of insurance in Ohio after it failed to obtain a required license and stopped covering medical bills for retired first responders, putting them on the hook for hundreds of thousands of dollars. In a motion filed in Franklin County Common Pleas Court,…

The new rates begin July 1, and coverage will remain through the Alabama Municipal Insurance Corporation. "The culprit is with reinsurers," said Ron Helms, agent for Helms Insurance of Pell City. Helms addressed members of the City Council about the insurance rate during Monday's regular session.

Two Nebraska members of Congress cast doubt Saturday over the future of North Platte state Sen. Pete Ricketts of Omaha separately spoke with The Telegraph while in North Platte for the annual Nebraskaland Days parade. "States like California and New York are abusing the system, keeping the money and not passing it on using it to fill holes in their general…

The debate in Washington over reducing spending on Medicaid should not be framed solely as a fight over cuts. America needs to rein in the cost of Medicaid and the Children's Health Insurance Program without compromising the safety net for those who are in need. From 2019 to 2024, federal spending on these programs surged 53%, from $409 billion to $626 billion.

WASHINGTON— The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance directly at odds with President Donald Trump's calls for immediate cuts. "For the time being, we are well positioned to wait to learn more about the likely course of the economy…

METHUEN— City Council voted 5-4 against funding the city’ s $17 million group health insurance Monday night, before reversing course minutes later after Mayor D.J. Beauregard warned of a potential government shutdown and promised to explore options. Councilors sought to promote a discussion of other health insurance options, including the state’ s Group…

Health and Human Services Secretary Robert F. Kennedy, Jr. and Centers for Medicare& Medicaid Services Administrator Dr. Mehmet Oz today met with industry leaders to discuss their pledge, to streamline and improve the prior authorization processes for Medicare Advantage, Medicaid Managed Care, Health Insurance Marketplace ® and commercial plans covering…

Currently, around 90 residential and commercial properties in the downtown area pay an average of $10,000 to $15,000 a year through the National Flood Insurance Program from the Federal Emergency Management Agency. John Fetterman and Dave McCormick, along with the U.S. Army Corps of Engineers. Longo, Mayor Mark Elisco and Administrator Chris Frye will meet…

After five years, officials returned to Blue Cross Blue Shield of Texas, offering an $8.1 million premium, while dropping United Healthcare, whose current plan carries a total cost of $8.8 million. Under the plan, the company's offering a $350,000 "one-time transition credit," Scott Gibbs, the city's consultant with Dallas- based McGriff Insurance Services, said.

LANSING— As National Homeownership Month continues, the Michigan Department of Insurance and Financial Services is reminding residents to take practical steps to protect their homes, belongings and finances so they are financially prepared in the event of an emergency. Flooding, sewer and water back-up are generally not included in standard policies, so…

The Oregon House unanimously passed a bill Tuesday that would require health insurers provide treatment for people experiencing perimenopause, menopause and postmenopause. Shelly Boshart Davis, R- Albany, said the bill is inspired by her own struggle to understand her body's changes after she was denied menopause care from her doctor and medication…

—European shares slipped and Asian benchmarks advanced on Wednesday as a fragile truce between Israel and Iran appeared to be holding. U.S. benchmark crude gained 1.3% to $65.20 per barrel, while Brent crude, the international standard, climbed 1.1% to $66.92. Lower oil prices could give the Federal Reserve leeway to cut interest rates to help the U.S. economy.

President Trump told Congress to give Federal Reserve Chairman Jerome Powell a tough grilling when he appears Tuesday before a House panel to testify on the central bank’ s monetary policy report. We will be paying for his incompetence for many years to come,” the president posted on Truth Social before Mr. Powell testified to the House Financial Services…