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The Latest Breaking News from Insurance

Silicon Valley Bank biggest US lender to fail since 2008 financial crisis – a finance expert explains the impact

Silicon Valley Bank, which catered to the tech industry for three decades, collapsed on March 10, 2023, after the Santa Clara, California-based lender suffered from an old-fashioned bank run. State regulators seized the bank and made the Federal Deposit Insurance Corporation its receiver.

The Conversation

Here's what it looked like outside Silicon Valley Bank after it shutdown

The failure of one of the largest commercial banks in the U.S. left people frantically figuring out next steps Friday morning.

Fortune

Securing its future with diversification

After 85 years of building its business in Thailand, the Hong Kong-based life insurance firm AIA is pursuing portfolio diversification here to capture future potential and achieve sustainable growth.

Bangkok Post

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US regulator closes failed bank and seizes its assets

A US regulator has shut Silicon Valley Bank and appointed the Federal Deposit Insurance Corporation as the receiver.

The New Daily

If You Get an STD from Sex in Your Lover's Car, Is That Covered by the Auto Insurance Policy?

No, says Judge Fernando Gaitan's opinion today in Geico Gen. Ins. Co. v. Brauner (W.D. Mo.). The policy covered "bodily injury" "arising out of the ownership, maintenance or use" of an automobile, but the court held that this language didn't cover such a situation: Kansas courts have held that "For…

Reason

Silicon Valley Bank seized by FDIC as depositors pull cash

The Federal Deposit Insurance Corporation is seizing the assets of Silicon Valley Bank, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis

The Independent UK

Universal Credit claimants could wait until April 2024 for DWP to fix pension record fault

Government admit operative system could take another year to put right

The Independent UK

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How Does Peer-To-Peer Bike Rental Insurance Work?

Peer-to-peer bike rental is an intriguing proposition, whether you have an extra bike to lease out or you want to ride a bike. Here's some insurance info.

RideApart

Man arrested by police investigating 'multiple fraudulent travel insurance claims'

He was bailed after being questioned by detectives

Manchester Evening News

DWP admits state pension error affecting Universal Credit claimants 'STILL not fixed'

Lost National Insurance credits can mean people could get less state pension when they retire or they could waste money buying top-ups they don't need

Daily Mirror

Martin Lewis fan's £28,000 state pension boost by following simple advice

The financial expert's tip on National Insurance contribution top ups helped a man with his state pension and gave him a major cash boost

Chronicle Live

How to Deal With Property Insurance Claims After Wildfires

There are right ways to deal with your insurance company, and there are ways that will slow down the process. Here's how to do it the right way.

Kiplinger

High inflation and housing costs force Americans to delay needed health care

Close to 40% of surveyed Americans, a record high, put off medical care last year because of finances. Americans are delaying or skipping doctor's visits, dental and vision care, and medications.

WEKU

How car insurance can work for pedestrians and cyclists

If the 2,709 pedestrians and 1,723 bicyclists hit by cars in 2022 have auto insurance, they should call their insurance representatives to see if they qualify for help with their medical bills.

Chicago Sun-Times

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Orlando Sentinel

Central Florida homes on state-run Citizens Insurance shoot up by 159%

Jeremy Seghers didn’t have much of a choice about moving his home insurance to the state-run insurer of last resort, Citizens Property Insurance. His broker explained it was the only policy he could get after his previous company, Southern Fidelity Insurance, was liquidated by the state last year.

The Canberra Times

The 'insurance policy' that turned out to be unsuitable

A review into the Garran Surge Centre showed it was not suitable.

Caixin Global

Covid Vaccinations Cost China $21.5 Billion Over Two Years

National Healthcare Security Administration reports on condition of the national health insurance fund, which still has $618 billion

Salon

The Christian health care cash grab

A conservative lobbyist created an exception for faith-based health coverage, opening the door for “bad actors”

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Fortune

A major insurance CEO complains about workers shunning the office: 'We need to get Monday back'

Lloyd's of London's John Neal sees more traffic in the middle of the week than on Mondays, reducing the face-time employees get in the office.

Newsroom.co.nz

After the storms, what is the future of insurance?

A summer of devastating storms has put the spotlight on the role of insurance - and insurance companies - in society.

Chronicle Live

The common mistake that could invalidate your driving insurance in snowy weather

There are some winter hacks that could land drivers in trouble with the law, according to insurance experts

Belfast Live

North West 200 organisers reviewing new insurance quote as deadline looms

Clubs are currently reviewing a reduced insurance quote for road racing and short circuit events this year

Miami Herald

$35 for insulin? What to know about Eli Lilly’s price slash for the diabetic medicine

Eli Lilly plans to slash the cost of some of its most popular insulin drugs later this year for people with and without insurance, in a move that could make the lifesaving medication more affordable for some patients living with diabetes.

The Independent UK

Aviva hiking price of insurance cover further as cost of claims surges

The group increased insurance new business premiums on average by 20% for motor cover and 13% for home policies in 2022.

Evening Standard

FTSE 100 Live: Aviva, Entain and Domino’s results, WANdisco raises fraud alarm

Ladbrokes owner Entain, insurance giant Aviva and Domino’s Pizza UK are among a large number of companies reporting today.

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