AM Best has upgraded the Long-Term Issuer Credit Rating to“ aa” from“ aa-” and affirmed the Financial Strength Rating of A+ of MS Amlin AG. The company is a subsidiary of Mitsui Sumitomo Insurance Company, Limited. The company, with its operating hubs in Zurich, Bermuda and the United States, is a key platform for MS&AD’ s strategy to increase its exposure to international…
Newswires
The average long-term U.S. mortgage rate edged lower after rising the previous two weeks. The benchmark 30- year fixed rate mortgage rate fell to 6.36% from 6.37% last week, mortgage buyer Freddie Mac said Thursday. Mortgage rates have been mostly trending higher since the war with Iran began.
Federal officials declared a nationwide Medicaid fraud crackdown Wednesday, citing Hawaii as a state having little concern for prosecuting program theft. He claimed that fraudsters in Hawaii effectively have had“ free rein” from the state government to commit as much Medicaid fraud as they want. Vance cited Hawaii, where about 387,000 residents are enrolled…
WASHINGTON, May 14– The Federal Reserve issued the following white paper abstract on May 13, 2026. The white paper, by Celso Brunetti, Jeffery H. Harris and Ioannis Spyridopoulos, was entitled "Does Banking Consolidation Harm Households?" Disclaimer: The economic research that is linked from this page represents the views of the authors and does not indicate…
Today, the Federal Reserve Bank of New York published new data showing that the share of Americans behind on a range of household consumer debts reached all-time highs in the first quarter of 2026. As the nation hurdles toward an historical record of $19 trillion in total household debt, Americans saw the highest rates of auto loan delinquency that FRBNY has…
Banner| Aetna, an Arizona- based health plan jointly owned by Banner Health, one of the few fully integrated health systems in the nation, and Aetna, a CVS Health company, today announced its sponsorship of the Arizona Interscholastic Association— the governing body for Arizona high school athletics programs— making the insurer the AIA’ s exclusive health…
At 24, I was diagnosed with Crohn’ s disease. After a battery of tests and tens of thousands in medical costs, I had a diagnosis. Thanks to the Affordable Care Act, or Obamacare, I was still on my mom‘ s health insurance while I waited through a job’ s probationary period.
–Provident Bank, a leading New Jersey- based community financial institution, announced today the results of its 2026 Consumer Survey, which examined how American households are navigating persistent inflation, elevated interest rates, and shifting expectations from their financial institutions. The findings reinforce that consumers are under pressure…
The Baldwin Group, a leading independent insurance brokerage and advisory firm, in collaboration with Nasdaq, today released its fifth annual 2026 Directors& Officers Benchmarking Report, revealing a stabilization in the D&O insurance market following record-high premiums in 2022.. "The D&O market has clearly moved into a more balanced environment," said…
Shares of The Hanover Insurance Group, Inc. (NYSE: THG) traded at a new 52-week high today and are currently trading at $189.14. So far today, approximately 261.05k shares have been exchanged, as compared to an average 30-day volume of 276.19k shares. The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance […]
In 2026, New York- based Novella- which has a research and development facility in Tel Aviv, Israel- has opened offices in Miami, Florida, and Houston, Texas, and it plans further US openings, including in southern California in Q2. “We believe pairing world-class producers with world-class AI is the recipe for success,” said Mr. Kane.“ AI will make the best producers far…
Kim Reynolds, according to the Iowa Medical Society. Reynolds signed the bill at Monroe County Hospital and Clinics in Albia, according to the Iowa Medical Society, which is a statewide organization that advocates on behalf of Iowa doctors. "This law addresses a high priority for physicians across Iowa— fewer barriers to care and decisions grounded in clinical…
–ALIRT’s latest white paper details how higher interest rates, record annuity sales, increased reinsurance activity, and the growing influence of private investment firms and global insurers have accelerated structural changes across the U.S. life insurance industry. Individual annuity sales experienced historic growth from 2022 through 2025, with the…
My Annuity Store Launches Andy AnthropAnnuity: AI Research Assistant Delivers Real-Time Rates and Sourced Answers, No Sales Pressure. "–Jason Caudill HAMLET, IN, UNITED STATES, May 14, 2026/ EINPresswire.com/– My Annuity Store, Inc. is a direct-to-consumer annuity marketplace that offers annuities from 90 top annuity companies. The assistant is trained on 146…
BROOKFIELD, NEWS, May 14, 2026– Brookfield Wealth Solutions today announced financial results for the three months ended March 31, 2026. Sachin Shah, CEO of Brookfield Wealth Solutions, stated,“ We have built a scaled and well capitalized insurance platform with a resilient portfolio of $180 billion insurance assets today. Significantly expanded our…
—The U.S. Senate, in a 54-45 vote, confirmed Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve on Wednesday. The Senate voted closely along partisan lines, with Sen. "The president never asked me to predetermine, commit, fix, decide on any interest rate decision in any of our discussions," Warsh said during a Senate confirmation hearing in April.
WASHINGTON— The Senate confirmed President Donald Trump's nominee to lead the Federal Reserve Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy. Thom Tillis of North Carolina said he would block the nomination while the Justice Department investigated Fed Chair Jerome Powell.
John Montague has joined Alliant Insurance Services as Vice President within its Employee Benefits Group. Montague earned a bachelor’ s degree in applied economics and political science from the University of Minnesota. He has served on the Board of Regents for Saint Mary’ s University of Minnesota and on the Board of Directors for the Multiple Sclerosis…
Kevin Warsh is headed for confirmation by the U.S. Senate as the head of the Federal Reserve now that the Senate Banking Committee approved his nomination. More importantly, trust in the U.S. financial system depends on an independent Fed able to make decisions free from political interference. When the U.S. Department of Justice opened an investigation into…
