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The Latest Breaking News from Insurance

Insured Disaster Losses To Again Top $100 Bn: Swiss Re

Insured losses from natural catastrophes will pass the $100-billion threshold for the fourth year running in 2023, reinsurance giant Swiss Re said Thursday.

International Business Times

“The first child is the one that pays the most”: How one family carved out Medicaid coverage for a rare treatment

Gabe Nolasco was born without a vital immune system gland. His family spent years in quarantines and advocating to state insurance so they could keep him alive.

The Texas Tribune

Politics with Michelle Grattan: Bill Shorten on making the NDIS fit for purpose

Bill Shorten, Minister for the National Disability Insurance Scheme and Government Services, has released the review of the NDIS, which recommends sweeping changes to the scheme. The reforms to come will see the states take up much of the responsibility for providing services for people with more minor issues, especially…

The Conversation

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read the most diverse news in one place.

Cyclone Michaung | Here is all you need to know about vehicle insurance claims

Flood-damaged vehicles are covered under motor insurance policies. Claims can be made for own damage, third-party liability, and total loss. Add-ons like zero depreciation and engine protection are recommended. Home insurance claims require photos, receipts, and repair estimates. Read policy docs carefully to know inclusions, exclusions, deductibles, and claim procedures.

The Hindu

Australia Post service lost in the mail

Letters and Short Takes: Australia Post service lost in the mail

Newcastle Herald

Recommendations to reboot the NDIS have finally been released. 5 experts react

Findings from an extensive review of the National Disability Insurance Scheme (NDIS) have been released with ideas on how to transform it. Led by co-chairs Bruce Bonyhady and Lisa Paul, the review heard from around 10,000 people before making 26 recommendations with 139 supporting actions. Presenting their findings, co-chairs wrote:

The Conversation

Advocates call for council to drive disability reforms

Following the release of a review of the National Disability Insurance Scheme, peak bodies say people living with a disability must be at the reform table.

AAP

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Brandon Moreno set as UFC 296 backup fighter for Alexandre Pantoja vs. Brandon Royval

The UFC will use Brandon Moreno as its insurance for the UFC 296 flyweight title co-headliner.

USA Today Sports Media Group

Private hospital admissions soar to record high as hundreds of thousands rely on insurance

Private hospitals on track for record level of admissions this year as patients pay for diagnostics

The Independent UK

Industries slowly resume operations, MSMEs continue to stay away from work

MSMEs in Chennai and surrounding regions remain closed due to flooding. Many factories operated with 50% workforce as workers in flood-affected areas could not commute. TN Small & Tiny Industries Association requested assistance from CM as losses run into crores. Automobile firms resumed ops, offering 50% discount on insurance claims.…

The Hindu

'Unbalanced' disability system needs rapid change

Once considered world-leading, the effectiveness of the National Disability Insurance Scheme has been questioned as its cost continues to surge.

AAP

Ellen Barkin says she was ‘thrown off’ SAG-AFTRA health insurance because she’s a senior

The 69-year-old actor’s latest role was in the 2023 action-comedy ‘The Out-Laws’

The Independent UK

Seven Financial Planning Stops to Put on Your Map to Financial Security

Creating a comprehensive plan is just the start, though. Checking in regularly to make sure you’re still on track is imperative.

Kiplinger

States agree to do more heavy lifting on disability, in exchange for extra health and GST funding

The Albanese government has promised extra funding for health and to extend its top-up of the GST, in exchange for the states undertaking more of the heavy lifting on disability to help curb the National Disability Insurance Scheme’s cost blowout.

The Conversation

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InsideEVs

The Tesla Cybertruck Could Be An Insurance And Repair Nightmare

DeLorean enthusiasts, body shop technicians, and insurance agents all weigh in on Tesla's stainless steel truck.

The Conversation

What is the hospital funding agreement politicians are talking about today?

National Cabinet meets today to discuss three big issues in Commonwealth-state financial relations: GST allocation, National Disability Insurance Scheme (NDIS) funding, and a Commonwealth government proposal to kick-start negotiations on a new National Health Reform Agreement, to take effect in July 2025.

InsideEVs

Tesla Insurance Facing Prospective Class Action Suit Over ‘Inflated’ Premiums

The case claims Tesla's insurance business uses false forward collision warning alerts to determine premiums.

The Hindu

Cyclone Michaung | Kerala will extend all support to cyclone-hit Tamil Nadu, says Chief Minister Pinarayi Vijayan

Kerala chief minister Pinarayi Vijayan said the State will extend help to flood-hit Tamil Nadu. He also welcomed T.N. Prathapan MP’s notice for adjournment motion in Parliament against Centre’s “hostility”. He said the LDF will have a candidate in Wayanad and BJP won’t make any impact in Thrissur. To improve…

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The Conversation

If you want to avoid ‘giving away your first born’ make sure you read the terms and conditions before signing contracts

In 2019, a travel insurance company held a secret contest in which they included a line in the fine print of their policy promising $10,000 to the first person who spotted it.

Bored Panda

“Am I Overthinking This?”: Woman Pieces Together Evidence Of BF’s Suspicious Activities

A woman started noticing startling details in her boyfriend's behavior, which all suggested he might have a sinister plan.

The Hindu

Journalist bodies place before parliamentarians charter of demands

Journ. bodies demand law to protect journalists from arbitrary arrests, repeal of Labour Codes, risk insurance cover, pension scheme, curb on Internet shutdowns, review of sedition & defamation laws.

Reason

Chief Justice Roberts' Chance to Redeem Himself!

In 2012, Chief Justice Roberts disappointed conservative and libertarian Supreme Court watchers by upholding the Affordable Care Act's mandate that everyone buy health insurance as a direct tax. The Chief Justice wrote an excellent opinion -- one of his best -- on why the Commerce and Necessary and Proper Clauses…

Reason

No Sealing in Case Seeking to Enforce $17M Arbitration Award Related to Medicare Prescription Drug Benefits

From Judge Naomi Reice Buchwald's opinion Thursday in Caremark, L.L.C. v. N.Y. Cancer & Blood Specialists, Inc.: Petitioners Caremark, L.L.C., … SilverScript Insurance Company, and Aetna, Inc. seek to file their petition to vacate an arbitration award under seal; or, in the alternative, partially under seal; or, in the second…

The Guardian - UK

UK insurance: ‘My parents paid thousands to protect obsolete products’

One family paid for 20 years to insure a Sky TV box that was phased out in 2016 because of auto-renew

Kiplinger

Where to Start Financially After a Life-Changing Diagnosis

Dealing with an illness, yours or your child’s or that of another loved one, is hard enough without adding financial duress. Here are some considerations and suggestions for covering expenses.

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