Newswires

A federal agency says Illinois can't limit credit card swipe fees for federally chartered banks, even though a federal judge earlier this year ruled that it could. Two interim filings posted last week by the Office of the Comptroller of the Currency, an independent subsection of the U.S. Treasury Department, represent the latest twist in a two-year legislative…

U.S. Vice President JD Vance listens as Mehmet Oz, the administrator for the Centers for Medicare& Medicaid Services, speaks about healthcare fraud. Mehmet Oz, the Centers for Medicare& Medicaid Services administrator, is ordering all states to step up their efforts to crack down on Medicaid fraud. His April 21, 2026, announcement expanded on the Trump…

—Federal Reserve keeps key rate unchanged even as four officials dissent, most in almost 34 years.

WASHINGTON, DC Fannie Mae today reported its first quarter 2026 financial results and filed its First Quarter 2026 Form 10- Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended March 31, 2026. Fannie Mae's Form 10- Q for the quarter ended March 31, 2026.

AM Best will host an analytical briefing on the state of the U.S. medical professional liability insurance sector on Thursday, May 7, 2026, at 2 p.m.. Eric R. Anderson, president and CEO, MPL Association Robert E. White Jr., president, TDC Group Connor Brach, associate director, AM Best Vicky Riggs, associate director, AM Best. Headquartered in the United States, the company…

Thom Tillis didn’ t blink and now a Department of Justice investigation has ended and President Donald Trump’ s nominee for Federal Reserve is about to be confirmed. “He is an outstanding nominee, and it is time for the Federal Reserve to move beyond this distraction and return its full attention to its mission,” Tillis said Wednesday in committee.

The top Democrat on the U.S. Senate Banking Committee sharply criticized President Donald Trump’ s pick to run the Federal Reserve on Wednesday, calling it part of an improper attempt to control the central bank. A vote by the full Senate to confirm Kevin Warsh to run the Fed would bring Republican Trump“ one step closer to completing his illegal attempt to seize…

Concurrently, AM Best has affirmed the FSR of A+ and the Long-Term ICRs of“ aa-” of Old Republic National Title Insurance Company and American Guaranty Title Insurance Company. The ratings of Old Republic, which is considered the lead rating unit in the ORI enterprise, reflect its balance sheet strength, which AM Best assesses as strongest, as well as its strong…

Mehmet Oz, the Centers for Medicare& Medicaid Services administrator, is ordering all states to step up their efforts to crack down on Medicaid fraud. His April 21, 2026, announcement expanded on the Trump administration’ s related enforcement actions, such as withholding Medicaid funds from Minnesota and threatening to do that for New York, California and…

Symetra today announced the promotion of Nicholas Mocciolo to chief investment officer, Symetra Financial Corporation. Mr. Mocciolo, interim co-president and senior managing director of Symetra Investment Management, has responsibility for the day-to-day management of the general account portfolios of Symetra Life Insurance Company and its…

—The Senate Banking Committee voted on party lines Wednesday to approve Kevin Warsh as the next chair of the Federal Reserve to replace Jerome Powell, a longtime target of President Donald Trump’ s insults for not cutting borrowing costs as far as the president wanted. The vote was 13-11, with all Republican senators voting in favor and Democrats opposed.

A new Issues Brief from the Insurance Information Institute found that legislation moving through the Illinois General Assembly would likely make property/casualty insurance less affordable and less available for consumers by constraining insurers’ ability to price risk accurately, without addressing the underlying causes of rising premiums.

—Kevin Warsh, Trump's nominee for Fed Chair, heads to full Senate vote after he is approved by Senate Banking Committee.

Denver- based Rachel McCarter has joined Alliant Insurance Services as Vice President within its Employee Benefits Group. McCarter earned a bachelor’ s degree in finance and economics from the University of Alabama and holds Group Benefit Disability Specialist and Voluntary Benefit Specialist certifications. Alliant Insurance Services stands among…

AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of New Zealand Medical Indemnity Insurance Limited. The outlook of these Credit Ratings is stable. NZMII’ s balance sheet strength is underpinned by its risk-adjusted capitalisation, which was at the strongest level as of 31 March 2025, as measured by Best’ s…

—More jumps for oil prices sent tremors through the U.S. bond market on Wednesday, along with hints that some Federal Reserve officials don’ t want to cut interest rates any time soon. But fat profit reports from Starbucks and other big companies helped the U.S. stock market remain resilient despite that. Oil prices have jumped this week as President Donald Trump…

First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, today introduced AgentNet ® Assist: Title Intelligence, a new capability that helps title professionals move from document navigation to decision-making more quickly using…

AM Best Managing Director Greg Williams will join a panel discussion during The Insurer’ s upcoming Program Manager Conference and Awards on May 21, 2026, at Convene Brookfield Place in New York City, NY. Williams oversees a team of senior analysts who are responsible for monitoring and evaluating insurance companies that operate in the personal lines,…