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The Latest Breaking News from Insurance

First Thing: Debt ceiling deal clears first hurdle and advances for debate

The committee voted 7-6 to allow debate by the full chamber with expected vote on passage today. Plus, the downfall of Elizabeth Holmes

The Guardian - UK

What Is Indexed Universal Life Insurance and How Does It Work?

This permanent life insurance provides a death benefit to your beneficiaries but also offers a cash-value component that can grow over time.

Kiplinger

For some US residents, it is now impossible to get home insurance - and all because of the climate crisis

The rising incidence of wildfires means many Californians can no longer insure their property. It’s a sign of what’s ahead for the whole housing market, writes Arwa Mahdawi

The Guardian - UK

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Study uncovers lack of knowledge of state pensions

The most common misconception among workers was about National Insurance contributions.

The Independent UK

Extreme weather cost insurers almost $1bn in 2022, now small businesses face premium hikes

The Insurance Council of Australia says extreme weather events are helping to push up premiums. They are also pushing many small business owners in Queensland to the brink.

ABC News

Proposed legislation would eliminate ESG in TSP pensions

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Universal cover: On the IRDA’s all-in-one insurance policy

The Insurance Regulatory and Development Authority of India’s simple, all-in-one insurance policy seems to be its UPI-like moment

The Hindu

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A Look Into Clover Health (CLOV) and Humana (HUM): Are They Worth Investing In?

The medical industry thrives due to rising demand for healthcare products and services, fueling significant growth. Therefore, quality medical stock Humana (HUM) could be worth buying. However, considering its weak fundamentals, I think it will be best to wait for a better entry point in Clover Health Investments (CLOV). Read…

StockNews.com

Rangers legend Ally McCoist says son lied to wife about being insured for car which hit pedestrian

Ally,60, told advocate Nick Ellis KC on Tuesday that he had repeatedly told 22-year-old Argyll throughout 2016 that he wasn’t legally entitled to drive an Audi A1 car.

Daily Record

Sustainability of State’s health insurance schemes in question

The two major health insurance schemes in the State – Ayushman Bharat-Karunya Arogya Suraksha Padhati (KASP) and MEDISEP (the medical insurance scheme for State government employees and pensioners) – are headed for a fiscal disaster. With huge cost overruns, the sustainability of these schemes in the long run is in…

The Hindu

U.S. weekly unemployment insurance claims rise to 229,000

New applications for U.S. unemployment insurance benefits rose 4,000 for the week ending May 20 to a seasonally adjusted 229,000. The previous week’s figure was revised down by 17,000 to 225,000. The four-week moving average as of May 20 was unchanged from the previous week’s unrevised number at 231,750.

Ballotpedia

Expert reveals how drivers could make up to £4,600 a year using their car

These five tips could earn drivers an estimated £4,611 in just one year

Wales Online

Legal disputes rocket as more firms take insurers to court to pay claims

The number of legal disputes between companies and their insurers ending up in the High Court has almost trebled since before the pandemic, according to new research.

Evening Standard

Kiplinger Reader's Choice Awards: Auto Insurance Companies

The results of the Kiplinger Readers’ Choice Awards' best auto insurance company category. Our awards celebrate the very best products and services in personal finance.

Kiplinger

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The Guardian - UK

How can Saga nearly double my car insurance premium?

It was raised from £1,155 to £2,044 after a year when nothing changed and I’ve never had an accident

ABC News

Three flood-affected schools in the Northern Rivers confirm they will permanently relocate

The commission's report says community wellbeing and being unable to get insurance spurred its decision to relocate three Catholic schools.

Salon

States throw thousands off Medicaid

Many have lost coverage because they failed to navigate bureaucratic mazes — not because they were ineligible

Daily Mirror

Gran's fury as Ryanair refuses to pay flight refund despite having heart attack

When Thelma Francis suffered a heart attack and was rushed to hospital, doctors issued her and husband Craig with a medical note stating she couldn't fly but the couple were in dispute with Ryanair

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Axios

Insurer cites "growing catastrophe exposure" as it stops new sales in California

7,490 wildfires razed 362,455 acres and killed nine people last year, per Cal Fire.

Chronicle Live

Rogue North East drivers who have been caught drinking, racing away or even causing serious injury

Not every driver follows the rules. These six drivers have risked everyone else's safety when they've jumped behind the wheel

The Independent UK

Struggles continue for thousands in Florida 8 months after Hurricane Ian as new storm season looms

Eight months ago, chef Michael Cellura had a restaurant job and had just moved into a fancy new camper home on Fort Myers Beach

The Independent UK

Car insurance customers ‘hit by £300 penalty on average for paying monthly’

Which? looked at data from comparison website GoCompare to make the findings.

Wales Online

Car insurance monthly payments could be extra £300 compared to annual

More severe price increases could be falling on the drivers least able to afford them

WEKU

State Farm has stopped accepting homeowner insurance applications in California

The announcement is the latest development in what has been a years-long issue in California: insurance companies dropping homeowners because of the growing risk of wildfires.

Daily Mirror

Holiday rip-offs to avoid this summer - and the worst fees to look out for

Consumer rights expert and money-saving pro Martyn James looks into everything that could wrong when you are holidaying this year and explains how you can avoid them

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