The law is essentially another layer of reinsurance — it’s a $2 billion fund (plus additional money from the general budget if the governor so desires) that insurance companies can tap into, free of charge.
In most years, discussions of the latest Federal Reserve policy decisions are left to the realm of economists and Wall Street traders and analysts. As part of its mandate, the Federal Reserve drives our nation's monetary policy.
A defiant Washington State Insurance Commissioner Mike Kreidler said Friday that he will not resign despite losing Gov. Jay Inslee’s support after multiple scandals.
While chaos is rarely good, one market that should benefit is the annuity marketplace, experts say. Specifically, indexed annuities, which thrive on offering stability when the financial landscape is most unstable.
This year’s Retirement Confidence Survey (RCS) found that LGBTQ Americans are less confident than non-LGBTQ Americans in believing that they have sufficient financial assets to live comfortably in retirement.
Many popular indexes supporting annuities and life insurance today might not work as well in a recessionary, high-inflation, rising interest rate environment, a recent industry panel agreed.
The S.C. Supreme Court is ending its investigation of Alex Murdaugh and moving to yank his law license, the latest setback for the once prominent attorney accused of stealing from clients and perpetrating insurance fraud.
The volatile factors of government health care expansion, the fallout from COVID-19, the looming midterm elections, along with proposed legislative changes all could change the way health agents do business and potentially create market confusion for consumers.
Indexed universal life new annualized premium jumped 39% in the first quarter, mostly gains made by the top 10 carriers, LIMRA reported.
The U.S. Department of Labor found that there were initially $26 billion worth of improper unemployment payments made as a result of CARES Act funding.
Financial analysts, bankers, economists and others disagreed on whether the 0.75-percentage-point rate hike announced by the Fed on Wednesday will be effective and if it signals an overriding concern that the economy would slip into recession.
State insurance commissioners, consumer advocates and even a Senate committee are all probing the complex deal-making marrying insurers to Wall Street private equity firms.
Amid persistent concerns about rising costs in the United States, the Federal Reserve on Wednesday will conclude a policy meeting and is expected to do something it hasn’t done in almost 30 years to get control of inflation.
Property and casualty insurers are bracing for another year of record losses from catastrophic hurricanes, tornadoes, wildfires, flooding, and other natural disasters already unfolding.
Fifty-seven Democrats signed onto a letter authored by the moderate New Democrat Coalition asking party leadership to find a legislative way to extend ACA subsidies set to expire after this year.
As major insurance carriers sit on a treasure trove of big data, with endless possibilities to sharpen actuarial risk projections and more accurately target financial products, regulators are trying to protect privacy and ward off hidden discrimination.
U.S. stocks tumbled Monday as investors reeled from a lousy inflation report and worried that Federal Reserve actions would lead to a recession, creating new headaches for President Biden as the country sinks deeper into economic doldrums.
The Federal Reserve board is reportedly considering a 100 basis-point increase to its funds rate on Wednesday, while a New York Fed report shows that nearly half of Americans say they are worse off than they were a year ago.
In 2018, managed health care company Centene Corp. discreetly bought the Ritz-Carlton near St. Louis for $98 million. It has since kept its ownership out of securities filings and hidden from public view.