National News

When 2025 Arrives, So Will the End of the Amateur Athlete in College Sports

When the page turns on 2024, it will be time to say goodbye, once and for all, to the amateur athlete in college sports. In theory, the concept held on stubbornly via the quaint and now all-but-dead notion that student-athletes …

Though US Jobless Claims Slip, Numbers Point to Worker Scarcity

The number of Americans filing new applications for jobless benefits dipped to the lowest in a month last week, consistent with a cooling but still-healthy U.S. labor market that is likely to keep Federal Reserve officials from cutting interest rates …

Crum & Forster Sells Credit Insurance Division to Amynta

Insurer Crum & Forster, a subsidiary of Fairfax Financial Holdings Limited, has sold its C&F Credit Division to Amynta Group. The C&F Credit Division underwrites and manages credit insurance products, including mortgage credit and alternative credit risk solutions, primarily for …

FDA Proposes Standardized Testing of Talc Cosmetics to Identify Asbestos

The U.S. Food and Drug Administration (FDA) has unveiled a proposed rule to require standardized testing to detect asbestos in talc-containing cosmetic products. The FDA says the proposed rule, if finalized, would help protect consumers who use talc-containing cosmetic products …

A Look at the $100B Disaster Relief in the Government Spending Bill

Congress is allocating more than $100 billion in emergency aid designed to address extensive damage caused by disasters after this week’s scramble to find consensus on a government spending bill. The money comes after back-to-back hurricanes — Helene and Milton …

The War on Wildfires Is Going High-Tech

Last December, a farmer was burning dry grapevines in his vineyard in Deir Mar Moussa, a hill town a dozen miles east of Beirut known for its 18th century monastery and stands of pine forest. Usually this would be dangerous, …

National Flood Insurance Program Authorized to Continue Through Mid-March

The National Flood Insurance Program has been renewed for another three months. On Dec. 21, 2024, the day after it was set to expire, the president signed legislation passed by Congress that funds the federal government and extends the NFIP’s …

3rd-Party Litigation Funding, Federal Regs Among Insurance Trades’ Priorities for 2025

This story has been corrected to include the correct year in the headline. Insurance trade organizations are always working for the industry so Insurance Journal asked them: What are the top priorities and/or challenges heading into 2025? Here are the …

Consumer Bureau Accuses Rocket Homes of Illegal Kickbacks in Mortgage Scheme

The top U.S. watchdog agency for consumer finance on Monday accused Rocket Homes, a unit of Rocket Companies, and The Jason Mitchell Group of real estate brokerages of an illegal kickback scheme to steer mortgage applications back to Rocket. According …

Lawsuit Targets Universities for Allegedly Favoring Wealthy in Admissions

Children of the wealthy and connected get special admissions consideration at some elite U.S. universities, according to new filings in a class-action lawsuit originally brought against 17 schools. Georgetown’s then-president, for example, listed a prospective student on his “president’s list” …

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