Newswires

As a result, Aflac— also known as American Family Life Assurance Co.— is cutting premium rates on 16 different policies by as much as 35%, its filings with the bureau show. In addition, Aflac agreed to pay a $64,000 fine to settle the matter. In the review, bureau staff checked six specific Aflac policies that offered supplement coverage when policyholders suffer…

—A top Federal Reserve official said Monday that an interest rate hike could be appropriate if inflation remains persistently above the central bank's 2% target, the latest sign that some policymakers are moving away from a bias toward reducing borrowing costs. Beth Hammack, president of the Federal Reserve Bank of Cleveland, said in an interview with The…

—JPMorgan Chase CEO Jamie Dimon warned in his annual shareholder letter that a“ resilient” U.S. economy could face renewed inflation pressures if the war in Iran disrupts global energy markets. He also warned that sustained inflation could force the Federal Reserve to keep interest rates higher for longer, posing risks to the broader economy and financial…

The state Senate’ s Committee on Commerce and Consumer Protection has voted unanimously to heavily amend a bill originally meant to help pay for property insurance for Puna and Kau residents living in high-risk lava zones. The committee moved to alter House Bill 20 by replacing its“ substantive language” with a directive to the state’ s Legislative Reference…

Leaders from across the credit union movement and broader policy community are welcoming incoming America's Credit Unions Chief Advocacy Officer Kathleen Coulombe, sharing excitement for her leadership and advocacy experience as she joins the organization at a critical time for the industry. Several league system members and Brad Miller, president of…

Nassau and Suffolk counties continue to rank highest in New York state in traffic-related injuries and fatalities. New York's no-fault insurance system is designed so that anyone involved in an accident gets medical care and compensation for lost wages, up to a maximum of $50,000. To seek damages beyond the $50,000 in no-fault coverage, a victim must meet the…

Securian Financial today announced the elections of Stephanie Lundquist and D. Bryan Jordan to its board of directors, further strengthening the company’ s governance with two accomplished leaders who bring deep expertise in human capital strategy, financial services and corporate leadership. Stephanie Lundquist, Securian Financial board member and…

“No-fault insurance fraud schemes raise costs for everyone and reduce benefits to consumers, an unnecessary burden we all unfortunately share,” U.S. Attorney Jay Clayton said Wednesday when announcing charges against Zhan Petrosyants, an associate of former NYC mayor Eric Adams. New York drivers pay for no-fault insurance, which lets them and others to obtain…

Georgia- based Flournoy Development Group has taken another step toward transforming 52 acres at 2200 One Electrolux Way and 10200 Claude Freeman Drive into housing. Last year, Charlotte’ s City Council approved a residential rezoning request for the property. Flournoy bought the site from Centene Corp., a St. Louis health insurance giant who had very…

Jeffery Evans of Harbor Group Consulting, an Alliant Insurance Services company, was selected as a recipient of the Business Insurance 2026 Break Out Awards. Evans serves as Vice President, Director, of Harbor Group Consulting, where he leverages his expertise in commercial real estate insurance and risk management to effectively navigate lenders and…

Virginia's state-run health insurance marketplace for Affordable Care Act coverage ended its enrollment period with fewer people signed up— 371,000 versus 389,000 last year— and so far this year has seen roughly 33,000 more drop existing coverage, Kevin Patchett, director of the State Corporation Commission Health Benefit Exchange, told a commission…

A Kansas man pleaded guilty to defrauding the U.S. Department of Agriculture by falsely claiming severe weather destroyed crops that he had actually sold instead. According to court documents, David L. Mongeau, 54, of Holcomb pleaded guilty to one count of false statements related to crop insurance and one count of bank fraud/attempted bank fraud.

"This was a required notice of change," said Select Board Chair Diane Gale after the meeting about the town's decision to drop the Hampshire County Group Insurance Trust, which has covered the town's employees for well over a decade. Last September, the Fire Department's Fire Prevention Officer Brian Schneider, presented a petition to the Select Board that was…

Insurance Department on Jan. 16. Ensure that Kaiser Permanente uses its $82 billion in net worth to freeze health insurance costs for Pennsylvanians who are struggling to afford care. Obtain details on how Geisinger-Risant will use the $100 million it would gain access to through the modification.

Paul Gordon's excellent opinion piece published April 3 is the best analysis of our country's health crisis that I have read. Paul Gordon for his excellent op-ed piece citing a major new study documenting how physicians are being driven out of medical practice by health insurance companies denying care to patients, in order to increase the profits of the…

Wednesday marked a major shift in the provision of health care in northern Arizona as El Rio Health, a Tucson- based community health provider, officially acquired most of the assets of the bankrupt North Country HealthCare, hired most of North Country's remaining employees and assumed responsibility for delivering patient care at North Country's 12…

Few statewide elections stand to matter more this year than the race for insurance commissioner— the primary official tasked with stemming a wildfire-stoked home insurance crisis that has sent rates soaring across California. "We are now in an era where it really matters who the insurance commissioner is," said Amy Bach, executive director of United…