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The Latest Breaking News from Insurance

As banks topple, regulators face reckoning on week of mayhem

On Monday, the head of the Federal Deposit Insurance Corp. warned a gathering of bankers in Washington about a $620 billion risk lurking in the U.S. financial system.

Tribune News Service

Collateral damage from Silicon Valley Bank's explosion

The tech ecosystem has been tossed into turmoil as , one of the nation’s largest banks for startups, collapsed Friday following a run on deposits. Now, with the bank’s assets frozen and under the control of the Federal Deposit Insurance Corporation, SVB’s customers, employees, and investors are grappling with a…

Fortune

Martin Lewis advice helped man boost state pension by £28,000

The man is very thankful for the financial guru's advice

Nottingham Post

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Illinois lifeline program for suicidal kids struggles amid a youth mental health crisis, staffing shortages

Despite quick assessments, the state is failing to ensure that thousands of children get any follow-up help, let alone the type of intensive behavioral health support many need.

Chicago Sun-Times

UK state pensions: later deadline for NI top-ups that can mean £55,000 extra

By plugging gaps in their national insurance record, some people can increase their entitlement

The Guardian - UK

10 ways you could instantly save money right now and slash £100s off your bills

Mirror Money editor Levi Winchester delves into ten bills to talk through ways of reducing your outgoings, as the cost of living continues to stretch families across the UK

Daily Mirror

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

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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

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

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

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Manchester Evening News

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

He was bailed after being questioned by detectives

Daily Mirror

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

Chronicle Live

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

Kiplinger

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.

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WEKU

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.

Chicago Sun-Times

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.

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”

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.

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