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The Latest Breaking News from Insurance

Why sports stars get less support than other injured workers – and how we can fix it

Inadequate, inequitable, and in some cases possibly in breach of workers’ compensation laws. That’s how bad the current insurance arrangements are for Australia’s professional sports people, who get less support for long-term injuries than other workers, and less support than if they’d been playing in New Zealand.

The Conversation

New York Community Bank to buy failed Signature Bank

New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday

The Independent UK

Midsize US banks ask FDIC to insure deposits for 2 years

A coalition of midsize U.S. banks asked federal regulators to extend FDIC insurance to all deposits for the next two years, arguing the guarantee is needed to avoid a wider run on the banks.

Tribune News Service

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Warren says she favors increasing FDIC’s deposit insurance cap

WASHINGTON — Sen. Elizabeth Warren is calling for more U.S. deposits to be covered by federal insurance and demanding government probes into whether lax regulation fueled this month’s collapse of Silicon Valley Bank and Signature Bank.

Tribune News Service

How to shop for new insurance if you lose Medicaid coverage

Medicaid will end for millions of Americans in the coming months, and that pushes many into unfamiliar territory: the health insurance marketplace

The Independent UK

Midsize banks want unlimited FDIC insurance for 2 years

A coalition of midsize U.S. banks is reportedly calling on the government to insure all deposits for the next two years.

Axios

Delivery riders call for equal labour rights

Delivery riders, often considered informal workers, are calling on the next government to ensure they receive the same benefits as regular employees, such as health insurance, according to an activist.

Bangkok Post

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Midsize US banks ask FDIC to insure deposits for two years

A coalition of midsize U.S. banks asked federal regulators to extend FDIC insurance to all deposits for the next two years, arguing the guarantee is needed to avoid a wider run on the banks.

Tribune News Service

Seniors looking for unbiased answers to their big Medicare questions should be taking advantage of this government program

Looking for information on how to choose the best Medicare plan for yours needs? Your local SHIP is here to help.

Fortune

What does the Julian Love signing mean for Jamal Adams?

The Love signing does not necessarily herald the end of the Adams era, but Seattle is giving themselves insurance for the future.

USA Today Sports Media Group

2 Parkland parents speak out against Florida lawmakers’ tort reform bill

TALLAHASSEE, Fla. — The Florida Legislature’s sweeping efforts to protect insurance companies and businesses from lawsuits have drawn a variety of opponents: motorcycle riders, accident victims, doctors and even former President Donald J. Trump.

Tribune News Service

Chile inks $630 million earthquake insurance deal with World Bank

Chile has agreed to an earthquake insurance program with the World Bank protecting it from $630 million worth of damage from strong earthquakes, in an effort to shore up risks to public debt from possible natural disasters.

Reuters

MTL sees chance for growth

Muang Thai Life Assurance (MTL) is confident its business will continue to expand this year as it predicts the insurance industry will resume growth, up from a slight contraction in 2022.

Bangkok Post

Biden seeks FDIC authority to claw back bankers’ compensation

WASHINGTON — President Joe Biden on Friday urged Congress to pass legislation that would give the Federal Deposit Insurance Corporation authority to “claw back” executive pay at failed banks and to bar the executives from jobs in the banking industry.

Tribune News Service

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Tribune News Service

Will the collapse of two US banks be followed by more? These banking veterans say no, for now

The sudden collapse of two U.S. banks last week left many people wondering about the safety of their own deposits, the health of the banking system and consequences down the road.

StockNews.com

4 Millionaire-Maker Stocks You Won't Regret Buying

Investor sentiment has been significantly affected due to the recent bank failures and concerns over the Fed’s forthcoming rate hike. With the end to the current market volatility not in sight, investors may consider buying fundamentally strong stocks, The Coca-Cola Company (KO), Oracle (ORCL), Humana (HUM), and Gartner (IT), to…

Autosport

Northern Irish road racing being saved is “massive”, says TT podium finisher Todd

In February the Motorcycle Union of Ireland UC announced that all road racing, short circuit racing and trials competition in Northern Ireland would be cancelled for 2023 due to insurance costs tripling.

The Independent UK

Will Americans end up footing the bill for bank failures?

The government’s response to the failure of two large banks has already involved hundreds of billions of dollars

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Dublin Live

TikTok car hacks could cost drivers hundreds and void car insurance

Many motorists use these hacks as an affordable way to improve their cars but some can in fact be dangerous or void your car insurance

Kiplinger

Long-Term Care Insurance Quandary: Keep Paying or Let It Go?

As long-term care insurance premiums go up, many policyholders are struggling with what to do. Accept higher premiums, reduce benefits, let the policy lapse or take a payout?

Tribune News Service

News briefs

Trump blasts DeSantis for insurance company ‘bailout’ legislation

Tribune News Service

Trump blasts DeSantis for insurance company ‘bailout’ legislation

TALLAHASSEE, Fla. — Former President Donald Trump blasted Gov. Ron DeSantis for wanting to give insurance companies widespread protections from lawsuits, calling it “the worst Insurance Scam in the entire Country!”

The Independent UK

Experts, banks look for ideas to stop next bank failure

The warning signs were all there

Chicago Sun-Times

Anti-obesity drug demand expected to skyrocket, but will insurance cover the cost?

New weight loss drugs can cost more than $1,000 a month, but most health plans don’t cover them.

Orlando Sentinel

Florida homeowners are in the dark about flood insurance, expert says

After the back-to-back named storms last year left billions of dollars in flood losses across Florida, one organization is warning that major reforms are needed to government regulations and flood insurance, especially inland as climate change makes storms wetter and more powerful.

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