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Inflation gauge tops 4% for first time since 2023

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WASHINGTON— U.S. inflation increased further in May, breaking above 4% for the first time in three years as the Middle East conflict boosted energy prices, and potentially drawing the Federal Reserve closer to raising interest rates this year. The personal consumption expenditures price index surged 4.1% in the 12 months through May, the largest increase and…

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Most adult Americans take at least one prescription drug, and for too many, getting that prescription filled means battling the very system that's supposed to help them. Insurance denials have become alarmingly routine. And even when patients manage to access treatment, affordability remains a major challenge: nearly 60% of U.S. adults worry about being able…

There’ s a new Fed Sheriff in town, and analysts say home buyers’ hopes and dreams for lower mortgage rates in 2026 likely will remain in interest-rate jail. In his first Federal Open Market Committee meeting on June 17, President Donald Trump’ s newly appointed Federal Reserve chairman Kevin Warsh made it clear there is a new game being played at the central bank.

The following information was released by the Financial Services Forum:. Financial Services Forum President and CEO Amanda Eversole issued the following statement today in response to the Federal Reserve Board's 2026 stress test results:. The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and…

The following information was released by the Alliance for Retired Americans:. Bill Curry, 65, raises cattle on the same land in rural Oklahoma once owned by his father and generations before him. In January, Oklahoma became one of six states to begin a pilot program testing the use of preapprovals in traditional Medicare, the federal health insurance program…

EDWARDSVILLE– A Collinsville man and a St. Louis woman were charged out of Madison County last week with health insurance fraud. The suspects, a 59- year-old Collinsville man and a 60- year-old St. Louis woman, were each charged June 16 with managed health care fraud and two counts of theft, all Class 1 felonies; conspiracy to commit theft, both Class 2 felonies; and…

Medicare is a federal health insurance program primarily for people aged sixty-five and older, as well as certain younger individuals with disabilities or specific medical conditions. The two components, Medicare Part A and Part B, provide coverage for hospital stays, doctor visits, outpatient care and preventive services. You are eligible for Medicare if…

Higginbotham, a broad-based, employee-owned insurance and financial services company headquartered in Texas, announced that it has joined forces with Turbeville Insurance Agency, a Columbia, South Carolina- based independent brokerage with four offices across the state. "A South Carolina presence has been our goal for a long time, and we didn't want to tiptoe…

As many residents worry about the price of gas, groceries, housing, and other necessities, Connecticut insurers are proposing double-digit rate increases for state-regulated health plans next year. Carriers are seeking a 16.2% average rate increase for individual policies and 17.8% for small group plans. The Connecticut Insurance Department annually…

BISM is a member of W. R. Berkley Insurance Group, which on a consolidated basis, has a balance sheet strength that AM Best assesses at the strongest level, as well as strong operating performance, a favorable business profile and appropriate enterprise risk management. BISM was formed in November 2016 and is one of W. R. Berkley’ s two Mexico subsidiaries.

AM Best has upgraded the Long-Term Issuer Ratings to“ a” from“ a-”, all associated Long-Term Issue Ratings and indicative Long-Term IRs for securities issued by W. R. Berkley Corporation. At the same time, AM Best has upgraded the Long-Term ICR to“ aa” from“ aa-” and affirmed the Financial Strength Rating of A+ of Berkley Insurance Company and its reinsured subsidiaries and…

2026 JUN 25– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ BLUE MEANS GO” by Stacey J. Watson Markery Law LLC, representing Blue Cross and Blue Shield Association. The registrar information for this application is: Stacey J….

According to news originating from Wuhan, People’ s Republic of China, by NewsRx correspondents, research stated,“ This paper investigates how the implementation of public supplementary health insurance affects economic well-being in China. Funders for this research include National Natural Science Foundation of China, National Office of Philosophy and…

2026 JUN 25– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on Climate Change have been published. Financial supporters for this research include Fundacao de Amparo a Pesquisa do Estado de Sao Paulo, National Science Foundation, Engineering& Physical Sciences Research Council. The news correspondents obtained a quote…

2026 JUN 25– By a News Reporter-Staff News Editor at Insurance Daily News– Researchers detail new data in Cancer. According to news reporting originating in Nashville, Tennessee, by NewsRx journalists, research stated,“ More than half of Medicare beneficiaries are now enrolled in Medicare Advantage plans. The news reporters obtained a quote from the research…

A Texas doctor accused of rubber-stamping cardiovascular screening tests performed by a South Florida diagnostic company for college athletes is among 455 healthcare-fraud defendants recently arrested on charges of billing $6.5 billion in false medical claims to public and private insurers, U.S. authorities said Tuesday. According to an indictment,…