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The Latest Breaking News from Insurance

Karnataka HC awards Rs 28 L enhanced compensation to girl who lost her left leg at age of 7 in accident

BENGALURU: Coming to the rescue of an accident victim who had suffered serious injuries in an accident about a decade ago when she was just a 7-year-old girl and her left leg got amputated below the knee, the Karnataka high court has awarded a modified, higher compensation of Rs 27,97,496.

The Times of India

In 2022, Australia smashed rain records while floods caused record insurance payouts

Records fell up and down Australia’s east coast as rains, floods and insurance payouts all hit new peaks. As we welcome back the sun to our lives in 2023, what should we do to prepare for the next big wet?

ABC News

Unmarried couples risking missing out on life insurance payouts – research

Just 52% of people in an unmarried couple know if their partner has a life insurance policy, according to Scottish Widows.

The Independent UK

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Wealthy Connecticut Residents Received Millions in Federal Dollars After Hurricane Sandy

It shouldn't be the federal government's responsibility to protect wealthy homeowners from the inevitable.

Reason

Good news for consumers, bad news for AbbVie as its blockbuster drug Humira faces competition

CHICAGO — One of the most popular prescription medications in the world is about to face fierce competition in the U.S. — something that could mean lower prices for the drug but a difficult coming year for the Illinois company that makes it.

Chicago Tribune

Households are forking out £1,316 more a year on bills - how to cut costs

The analysis from comparison site Comparethemarket looks at the cost of energy, home, and motor insurance - and found household bills have surged by £1,316 in the past 12 months

Daily Mirror

After tuition, books, and room and board, colleges’ rising health fees hit a nerve

You’ve compared tuition. Reviewed on-campus housing costs. Even digested student meal plan prices.

Tribune News Service

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8 venture investors predict the top trends in fintech for 2023

Top VCs think that while valuations might have gotten overblown in 2022, there’s still plenty of opportunity to invest going forward. Here are the trends and companies they’re most excited about.

Fortune

Household bills have surged in a year, comparison website says

Comparethemarket compared prices for energy and insurance in November 2022 with those a year earlier, in November 2021.

The Independent UK

Russian soldiers going to Ukraine will have the right to freeze their sperms for free

Families can use stored biomaterial if their compulsory medical insurance allows them to do so

The Independent UK

More than half of rural California now ranks ‘very high’ for wildfire hazard

LOS ANGELES — For the first time, more than half of California’s rural and unincorporated communities could soon be classified as “very high” fire hazard severity zones, according to a proposed map from the California Department of Forestry and Fire Protection.

Los Angeles Times

Business owners left broke, demoralised after Belconnen explosion

It has been a year since the explosion, and the precinct remains closed.

The Canberra Times

Heirs can help elders protect themselves against becoming victims of growing property fraud trend

Robert Felder, 91, says he didn’t learn that the house he has owned since 1963 wasn’t in his name anymore until he tried to renew his homeowner insurance last summer.

Tribune News Service

Insurance upheaval

A huge number of Covid-19 insurance lump-sum claims, spurred by the peak of the pandemic in 2021 and early this year, caused the closure of four insurance companies -- Asia Insurance, The One Insurance, Southeast Insurance and Thai Insurance -- as they did not have sufficient capital reserves to pay…

Bangkok Post

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Fortune

5 reasons you may want to shop around for new auto insurance

If you moved or your policy no longer fits your needs or premiums are too high, consider shopping around.

Daily Mirror

Best firms to haggle your bills with next year, according to Money Saving Expert

It is perfectly acceptable to haggle on bills such as broadband, mobile, insurance and breakdown cover and if you decide to give it a go, you could possibly save yourself a small fortune

The Times of India

Abroad, Ashwin is Team India's hero and saviour again

The Mirpur Test looked lost. On a tricky pitch, where the ball was often staying low and behaving mean, India had lost seven wickets for 74. The big boys were back in the hut. The target, 145, looked depressingly distant; improbable, if not impossible. That's when Ravichandran Ashwin joined Shreyas…

Salon

The $1.7T omnibus and Beltway disconnect

The bill is an immoral document executed by leaders increasingly out of touch with reality of life

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Reuters

Japan firms to stop insuring ships in all Russian waters -Nikkei

Three Japanese insurance companies will stop insuring ships for damage in all Russian waters due to the war in Ukraine, potentially affecting Japan's energy imports such as liquefied natural gas (LNG), the Nikkei newspaper said on Saturday.

Los Angeles Times

'An earthquake can drop in': More than 1 million California homes need retrofittings

Jacqui and Shane McIntosh were looking to sell their two-bedroom, single-family home in Rio Dell, Calif., so they could move closer to work. When a potential buyer scheduled a visit to their property this week, the couple hoped it might result in an offer.

Daily Record

Banned Scots motorist 'missed cop by inches' after mounting pavement and driving at her

Calvin McLintock, of Bonnybridge, pled guilty at Stirling Sheriff Court to dangerous driving while disqualified and without insurance.

ABC News

Victorian caravan park owners struggle to secure affordable insurance

Caravan park owners are struggling to find affordable insurance cover as prices continue to rise, with the Insurance Council of Australia saying some insurers have pulled out of the market.

ABC News

Residents along Maribyrnong River still out of homes after flooding in Melbourne's west

More than two months on from the flooding in Melbourne's west, some residents are still dealing with the fallout and living in temporary accommodation as they wait for their homes to be repaired.

ABC News

Insurance policies cancelled and premiums increase in Riverland ahead of flood peak

A woman in South Australia's flood zone had her home insurance cancelled just weeks before the peak was due to hit, only to have it reinstated after the ABC contacted her insurance company.

Tribune News Service

Embezzled by casino employees, laundered by spouses: Florida tribe sues to recover stolen $5.3 million

The true-crime saga began, according to a newly filed federal lawsuit, in May 2015 with an anonymous tip to the Miccosukee Tribe.

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