RALEIGH— Automobile insurance rates in will increase after North Carolina Insurance Commissioner Mike Causey announced a settlement with the North Carolina Rate Bureau. 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 requested initially…
Newswires
–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…
Nationwide discontinued its Whole Pet insurance plan last year, despite advertising it as offering lifelong coverage for pets. A group of Massachusetts pet owners is now suing the insurer, alleging its move left them with expensive vet bills for sick or older pets and potentially disqualified them from getting pet insurance elsewhere.
–Federal Reserve Chairman Jerome Powell will appear before Congress on Tuesday as President Donald Trump continues to push the independent central bank to lower interest rates. Powell will present the Fed's Semiannual Monetary Policy Report to the U.S. House Financial Services Committee at 10 a.m. Tuesday in Washington. Last week, the president even…
Instnt announces a strategic partnership with Munich Re to expand reinsurance capacity for its innovative Fraud Loss Insurance product. This combination of AI and fraud insurance can provide protection for companies against a wide range of fraud events,” said Michael von Gablenz, Head of Insure AI at Munich Re and HSB.“ My team utilizes experience and…
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 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.
Opinion editor’ s note: Strib Voices publishes a mix of commentary online and in print each day. Minnesota has done its part to keep health insurance affordable for entrepreneurs, early retirees, farm families and others. Congress then extended the expanded eligibility through 2025..
Coalition, the world’s first Active Insurance provider designed to help prevent digital risk before it strikes, today introduced Coalition Re’ s Helios platform, a new tool that enables cedants of Coalition Re to view real-time cyber risk exposures in their portfolios and manage them more effectively with actionable insights. Existing Coalition Re cedants…
The annual Got Shots special immunization clinics will be held through Aug. 30 for all children up to 18 years old, according to a news release. The New Mexico Department of Health, the New Mexico Immunization Coalition, the New Mexico Primary Care Association, along with managed care partners Blue Cross and Blue Shield of New Mexico, Molina Healthcare,…
The country is waiting to see the final version of Donald Trump's "big, beautiful bill," which was being worked on by the U.S. Senate in the reconciliation process as of this writing. All variations of the package include major federal funding cuts that could eliminate health insurance for millions of Americans, including more than 650,000 current Medi-Cal…
Colorado's average homeowners can expect to pay $1,640 for insurance premiums, or 35% higher than the national average of $1,213. Colorado's ranking fits squarely in Montezuma County, where the affordability of housing remains an ongoing issue. According to the new study, Colorado's homeowner insurance premium resides at $1,640, sitting 35% higher than the…
Cone Health said Monday that two representatives from parent company Risant Health— doctors Benjamin Chu and Nkem Chukwumerije— have been appointed to Cone's board of trustees. Risant, a startup nonprofit charitable group based in Washington, D.C., took over Cone on Dec. 3. Cone trustee Mae Douglas began serving on the board in February.
The Oregon Senate on Monday voted to pass a bill aimed at making non-opioid pain treatments more accessible and affordable for patients. According to the Centers for Disease Control and Prevention, nearly 8.6 million Americans age 12 and older reported misusing prescription opioids in 2023, and more than five million had a prescription use disorder.
2025 JUN 23– By a News Reporter-Staff News Editor at Insurance Daily News– California’ s Central Valley- one of the nation’ s most critical agricultural regions and home to over 1.3 million people- is prone to flooding. The research, published June 4 in the Journal of Flood Risk Management, examined 20 years of satellite imagery to identify the extent and location of…
The Trump administration has announced plans to discontinue minting new pennies, citing the cost of producing the 1- cent coins in relation to their value and importance in the U.S. currency system. President Trump, Elon Musk and others argue that pennies cost 3.69 cents to produce, over triple their face value. The Federal Reserve reports that penny production…
Mr. Levine is the latest addition to Everest’ s expanding Board, following the Company’ s recent appointments of Darryl Page and John Howard. Mr. Levine currently serves on the Board of the American Council of Life Insurers, the Advisory Board for the Tamer Center for Social Enterprise at Columbia Business School and the Board of the Nantucket Boys& Girls Club.
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…
—Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House. Bowman said that President Donald Trump's tariffs have so far not caused the jump in inflation that…
