Newswires

Average annual rate increases for U.S. private passenger auto and homeowners’ policies shifted back to pre-pandemic levels in 2025, following years of large increases amid elevated losses in each line of business, according to a new AM Best report. “The improvement experienced by U.S. homeowners’ insurers has been driven by both aggressive rate increases and…

General Indemnity Group, an insurance holding company specializing in commercial and contract surety solutions in all 50 states, today announced the signing of a definitive agreement for its acquisition by CopperPoint Insurance Company, a leading specialty provider of workers’ compensation and commercial insurance solutions. The transaction includes…

Credit Credit card companies record nearly every customer-service call, and those recordings can become powerful evidence during disputes, fraud investigations, payment negotiations, or account reviews. One careless sentence can trigger account restrictions, weaken a fraud claim, or even make a late-payment situation worse. Banks train representatives to document conversations…

A New York man accused of leading a multi-state check fraud scheme has pleaded guilty to charges in a Detroit federal court, officials said. Nazaly Mason Smith, 33, entered a guilty plea to conspiracy to commit bank fraud on Thursday, U.S. Attorney for the Eastern District of Michigan Jerome Gorgon said in a statement. Officers with the U.S. Department of Homeland…

A Georgia man faces charges for his alleged role in a“ sophisticated and organized fraud operation” that led to more than $60,000 being stolen from the estate of a Connecticut resident. Kevin Young, 37, of Atlanta, Georgia was arrested on May 1 on charges of second-degree money laundering, first-degree larceny and conspiracy to commit first-degree larceny,…

Susan Renee Barrett, a Worland woman accused of electronic banking fraud with multiple victims, entered guilty pleas to 27 felonies at a change of plea hearing in Washakie County District Court on May 6. According to an article covering a previous hearing in Barrett's case, between 2023 and 2024 in Washakie County, evidence collected from local banks shows that…

City of Waco employees would pay 7% more in health insurance premiums and lose coverage for GLP-1s and other drugs prescribed solely for weight loss under a proposal presented to the Waco Budget and Audit Committee on Tuesday. Alongside the 7% employee premium increase, a $270,000 gain for the health plan, Pustejovsky's proposal includes a 12% increase in the…

PHOENIX- In Arizona, there were just under 1.8 million recipients of AHCCCS- the Arizona Health Care Cost Containment System, or the state's Medicaid program, as of April 2026. Daniel Derksen, an expert on the Arizona healthcare system. President Donald Trump's One Big Beautiful Bill introduced Medicaid restrictions that look to redefine work and income level…

InsureMatch.ai, a new consumer-first insurtech platform, has launched with the ambitious goal of helping American households save a collective $1 billion on auto and home insurance premiums. Aimed at tackling rising insurance rates, the platform eliminates the tedious nature of shopping around and features a live' Savings Tracker' to monitor community…

Becerra is right that there is an insurance crisis in California, but price controls aren’ t the answer. In 1988, California voters passed Proposition 103, a landmark law that sought to protect consumers from arbitrary rate hikes by requiring insurers to get the approval from the state insurance commissioner before raising rates.. The California Supreme…

Boston Omaha Corporation today announced that it has entered into a definitive Securities Purchase Agreement to sell its surety insurance business, operated by General Indemnity Group, LLC, to CopperPoint Insurance Company. GIG operates its surety insurance business through its two wholly owned subsidiaries: United Casualty& Surety Insurance Company…

Behind the verbal sparring last week between federal and state officials over policing Medicaid fraud, data shows Hawaii's recent record on the subject is in some respects worst in the nation. In each of the last four years, Hawaii's Medicaid Fraud Control Unit has produced no indictments and no convictions for fraud- something no other state has done.

WASHINGTON— U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, most since December 2022, as the 10- week Iran war pushed up energy prices and put pressure on companies to pass along higher costs to consumers. All the numbers were much higher than economists had expected and it alters the dynamic at the U.S. Federal Reserve…

Health insurance plans will only be open to people who are Idaho Farm Bureau members who are“ actively engaged in agricultural production in Idaho, employ at least two full-time employees, and sign a participation agreement, according to the U.S. Department of Labor. The Idaho Farm Bureau is currently offering the plans. That’ s common among members of the Idaho…

General Mills, Golden Valley, announced that Dana McNabb has been promoted to chief operating officer, effective June 1. MONO, a Minneapolis- based ad agency, announced the return of Jeffrey Gorder as CEO. Pope Design Group, St. Paul, announced the addition of Sara Rapp as northern Minnesota market lead, based in Duluth.

The following information was released by the Federal Reserve Bank of Atlanta:. While the Top 100 comprise a small fraction of the nearly 10,000 DIs in the United States as of 2021, they account for most of the transaction deposit account balances, 64 percent by number in 2021 and 68 percent by value. Balances of business accounts at these largest institutions…

The following information was released by the Minnesota House of Representatives:. The House approved the conference committee report on a 121-13 vote Saturday night. The committee adopted a provision from the Senate's omnibus bill that would increase the maximum value of a meat raffle prize to $200 and a maximum ticket cost to $5.

Heavy recent rainfall raises the question whether Chicago homeowners are covered by their existing insurance policy in the event their basement floods.The answer is probably not.“ Most people do not know what is and is not covered,” says Douglas Heller, director of insurance at Consumer Federation of America. The streets and local sewers across Chicago and the…

The following information was released by the Institute of International Finance:. The Institute of International Finance congratulates Kevin Warsh on his confirmation to the Board of Governors of the Federal Reserve System. About the Institute of International Finance.