The Federal Reserve is working to curb inflation by raising interest rates. In a meeting with reporters after his talk, James Bullard said he wants interest rates to hit 3.5% by the end of the year.
In March, the Federal Reserve raised rates by 0.25%. The Fed has indicated that it will likely raise rates again at each of its six remaining meetings scheduled for 2022 and most likely well into 2023.
A federal court reinstated the Trump-era Department of Labor’s independent contractor law, but the question remains if the Biden administration is working on a replacement that it could impose in accordance with the procedures act.
Shurwest owes dozens of creditors many millions of dollars as the independent marketing organization tries to dig out from its ties to a pension scam. An Arizona bankruptcy court is trying to sort out how much the company will pay.
Although company executives have stopped fretting so much about the COVID-19 pandemic, they are really concerned about geopolitical stability, even in their own country, according to the latest McKinsey survey.
Zamora Quezada, who owned the Center for Arthritis& Osteoporosis in Texas, was convicted on one count of conspiracy to commit healthcare fraud, seven counts of healthcare fraud and one count of conspiracy to obstruct justice.
Almost all interviewed investors – whether ultra-high net worth, millennials or baby boomers – indicated that digital would be their preferred communication channel in the future.
Citizens Property Insurance Corp., the Florida-run “insurer of last resort,” is proposing an across-the-board rate hike of nearly 11%, the highest increase allowed by law.
Two separate lawsuits alleging violent misconduct by West Virginia police officers have been settled by a liability insurer for a total of $1.1 million.
Nearly two-thirds (63%) of nonretirees said they fear running out of money more than they fear death, versus less than half (46%) of retired respondents, an Allianz Life study revealed.
Insurance companies have been flocking to private assets for several years, but inflation and recessionary concerns may accelerated that trend, says a Goldman Sachs survey.
Two weeks ago, Jerome Powell, chair of the Federal Reserve, announced a quarter point increase in the fed funds rate. Now, we have inflation in the 7% range and additional pressures from the war in Ukraine and other sources.
Artificial intelligence will play an even more meaningful role in the insurance field in the years to come.
While the massive growth in private equity investment in insurtechs continues unabated, private equity is generating new levels of scrutiny from regulators and insurance commissioners concerned about the impact the trend will have on the insurance industry as a whole.
In a recent research report, Americans report their top five biggest financial-advice gaps. The results reveal a need for more active financial planning.
According to a new survey from Lincoln Financial Group, 59% of consumers said they plan to make permanent changes to the way they spend and save money as a result of the COVID-19 pandemic.
Elevated death benefits aside, most of the costs of COVID are medical and will be picked up by health insurers, Moody’s Investors Service said in a new report.
A recent study by global management consultant Oliver Wyman concluded that if insurers sold life insurance to women at the same proportion of their income as men, $500 billion in new written premiums could be created.
Lighthouse Property Insurance Corp. reported having 13,200 policies in Florida at the end of 2021. Lighthouse also wrote policies in Louisiana, North Carolina, South Carolina and Texas.