Newswires

As part of William Hickman's 27- month sentence for his part in a health insurance fraud scheme, he has been ordered to pay $51.7 million in restitution. $45.1 million- New Jersey Division of Pension& Benefits $1.9 million- New Jersey Employer Group Waiver Plan $1.1 million- MSD LLC $598,813- County of Bergen $494,051- AmeriHealth $477,485- Armstrong Group of…

For more information on this research see: Financial Stability Implications of Cbdc. International Journal of Central Banking, 2026; 22: 337-386. International Journal of Central Banking can be contacted at: Assoc International Journal Central Banking, Postfach 16 03 19, Frankfurt, 60066, Germany. Our news journalists report that additional information…

The department's Consumer Assistance Division helped Kansas consumers recover nearly $29 million in 2025, a 147% increase from the amount recovered in 2024.. The Department of Insurance uses complaints to help identify insurance companies or agents that may need to be investigated for possible violations of Kansas insurance laws or regulations.

Premiums for Affordable Care Act coverage are on track for sharp increases next year, according to the current rate increase requests health insurers are seeking from the State Corporation Commission's Bureau of Insurance. HealthKeepers, the largest Obamacare insurer in the state, covering 115,000 Virginians, is seeking an average increase of 12.6%, for an…

The following information was released by the Federal Reserve Bank of Boston:. Steve Osemwenkhae/Federal Reserve Bank of Boston. Before heading to the Federal Reserves annual symposium at Jackson Hole, Wyoming, I have been meeting with stakeholders in the economy from across New England, the Boston Feds region hearing their experiences and sharing my take on…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of the members of Crum& Forster Insurance Group. Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICR of“ a+” of Monitor Life Insurance Company of New York. The ratings also reflect the financial support and strategic importance to its parent, United…

Mortgage rates ticked higher this week, nudging the average long-term U.S. home loan rate closer to its recent high for the year. The benchmark 30- year fixed rate mortgage rate edged up to 6.66% from 6.65% last week, mortgage buyer Freddie Mac said Thursday. As rates rise, that can lead prospective home shoppers to delay buying a home, one reason U.S. home sales…

Nathan Betz, a probation officer for the adult treatment court in Helena, was blindsided Tuesday afternoon when he learned through an email that an additional $100 every month would soon be docked from his paycheck to cover the costs of his family’ s health insurance. Betz is one of the 13,000 active state government employees who receives health insurance…

Dave Benbow, 54, of Bridgeport faces one count of noncompliance with insurance requirements, according to the state Division of Criminal Justice. Benbow turned himself in on Aug. 21 at the Rocky Hill Police Department where he was charged by inspectors from the Workers’ Compensation Fraud Control Unit in the Office of the Chief State’ s Attorney.

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of INPEX Insurance, Ltd.. The outlook of these Credit Ratings is stable. The company also secures stable reinsurance capacity from Everen Limited, an energy sector-dedicated mutual insurance company.

Wolters Kluwer Health has incorporated new enhancements to its Health Language Data Quality Workbench that help U.S. health insurers meet challenging 2026 federal deadlines while reducing high appeal overturn rates. The Centers for Medicare& Medicaid Services Interoperability and Prior Authorization Final Rule requires payers to meet new prior…

Gold Certification— Cobb& Douglas Public Health, Cobb County-Marietta Water Authority, Focus People Inc. and UCB. Silver Certification— A 2nd Chance Bail Bonds and Monitoring, A.G. Rhodes, Chattahoochee Technical College, City of Mableton and Moore Ingram Johnson& Steele. Bronze Certification— 1885 Grill, Allison-Smith Company, Coolray Heating& Cooling LLC,…

OKLAHOMA CITY— State Insurance Commissioner Glen Mulready announced Wednesday he placed Mending Health Insurance in Oklahoma Inc., under the supervision of the Oklahoma Insurance Department. Formerly known as Taro Health, Mending was founded in 2021 and began offering plans on the Affordable Care Act Marketplace in 2023. It offered individual…

InvoiceCloud, a leading provider of online billing and digital payment solutions, today announced the findings of its second annual Consumer Claims Experiences Survey, revealing a top industry pain point for policyholders: the slow disbursement process. Of those surveyed, only 15% of consumers report receiving a payout within a week of their claim, followed…

State economists this past month again projected that the trust fund used to cover the costs of health insurance will run a deficit over the next several years, growing from $62.2 million by June 30 of next year to $2 billion four years later. The deficit is projected despite the decision by the Legislature to infuse $375 million into the trust fund during budget…

Gavin Newsom's controversial proposals for reducing how much for-profit utility companies must pay after causing a wildfire. Assembly and Senate lawmakers oppose the governor's proposals to limit survivors' compensation for pain and suffering, curb reimbursements to insurance companies for massive payouts to homeowners when power lines spark a fire…

Nearly one-third of auto and home insurance customers are using artificial intelligence tools to research products and coverage, service their accounts, understand coverage before submitting a claim or shop for a quote or new policy, according to a new JD Power study. The inaugural JD Power U.S. “Just as we’ ve seen with the internet and mobile apps, AI is rapidly…

Today’ s Jackson Hole Symposium which is being conducted by the U.S Federal Reserve in Wyoming will not have announced direct participation of India, but the outcome of the meetings being held today and tomorrow and the speech that Fed Chair Keven Warsh will deliver tomorrow will impact Forex and the USD/INR. Global circumstance due to the ongoing Iran and U.S…

Wisconsin's decline comes after seeing increases in ACA marketplace participation every year, reaching a high point in January 2025 of 306,000 enrollees. Democrats had refused to help Republicans end the longest federal government shutdown in history as they pressured Republicans to extend the subsidies. Republicans argued the expanded subsidies had…