North Carolina Insurance Commissioner Mike Causey announced the arrest of 43- year-old Ashley Barnhardt, an insurance agent who was charged with 22 felony counts of financial identity theft, 25 felony counts of common law forgery and 25 felony counts of obtaining property by false pretense. Barnhardt was taken before judicial officials in Stanly County…
Newswires
2025 JUN 24– By a News Reporter-Staff News Editor at Insurance Daily News– Fresh data on Managed Care are presented in a new report. As the clinical utility of MCD testing is further determined, it is important to examine patients’ willingness to have an MCD test.MethodsWe conducted an online survey in September 2024 with a national sample of adults aged 45-80…
The news correspondents obtained a quote from the research from American University,“ We characterize the Fed’ s interpretation of its mandate using state-of-the-art methods from natural language processing, including a collection of large language models that we modify for enhanced performance on central bank texts. For more information on this…
WASHINGTON- Major health insurance companies, representing about 75% of covered Americans, are pledging to speed up the "prior authorization" process, Dr. "It frustrates doctors, it sometimes results in care that is significantly delayed, it erodes public trust in the health care system," Dr. Oz said. Roger Marshall shared a story of a patient who took time off work for…
U.S. stocks climbed near their all-time high after oil prices eased further on hopes that Israel’ s war with Iran will not damage the global flow of crude. Oil prices fell roughly 6% and are below where they were before the Israel- Iran conflict began. That could give the Federal Reserve leeway to cut interest rates to help the economy, and its chair said it’ s waiting…
Excerpts from recent editorials in the United States and abroad:. The Washington Post on the Big Beautiful Bill and Obamacare. Republicans in Congress have dropped the mantra to“ repeal and replace” Obamacare that they repeated so often during President Donald Trump’ s first term.
Battle lines are being drawn in Washington over whether to reduce spending on Medicaid and the Children's Health Insurance Program. From Fiscal Year 2019 to Fiscal Year 2024, federal spending on these programs surged from $409 billion to $626 billion, representing a 53 percent increase. In addition, improper payments under Medicaid and CHIP were estimated…
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 before…
The panel session is scheduled for Wednesday, Aug. 20, at 10:45am CDT. Kohlberg has been with AM Best since 2010, and as a team leader, maintains a diverse portfolio of life and annuity insurers located in the United States, Canada and Caribbean and regularly presents at the AM Best Review Preview conference as well as being involved in other AM Best industry…
AM Best has commented that the Credit Ratings of Philadelphia Indemnity Insurance Company and its affiliate, Tokio Marine Specialty Insurance Company, which operate under a pooling agreement, collectively referred to as Philadelphia Insurance Companies; along with Tokio Marine America Group and First Insurance Company of Hawaii, Ltd.’ s subsidiaries…
More Americans say that they are too nervous to invest right now and are worried about their retirement savings more than they have in the last six years as extreme market volatility ripples through the economy, according to the 2025 Q2 Quarterly Market Perceptions Study* from Allianz Life Insurance Company of North America. Nearly half of all Americans say…
Cherokee Insurance Company, which provides a spectrum of casualty insurance coverages to transportation companies across the U.S. and Canada, today announced a major upgrade to its core processes with the selection of Origami Risk’ s cloud-native Software-as-a-Service platform for policy administration, billing and claims. “Origami’ s versatile,…
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.
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…
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…
W. R. Berkley Corporation will release its second quarter 2025 earnings after the market closes on Monday, July 21, 2025. Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance…
Sales of existing-homes in the U.S. rose 0.8% in May from the prior month, the National Association of Realtors said Monday. William Pulte, director of the U.S. Federal Housing Finance Agency, blamed Federal Reserve Chairman Jerome Powell for high interest rates, similar to criticism Powell has faced from U.S. President Donald Trump, who has been pushing Powell…
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…
Liability insurance costs have increased by around $30,000 a year for several Wyoming school districts due to the Legislature's repeal of gun-free zones, which goes into effect July 1, according to recent public testimony. Wyoming lawmakers met in Casper last week to review the state's current funding model for K-12 public education. Laramie County School…
