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The Latest Breaking News from Insurance

Rise in insurance fraud fuelled by cost of living crisis, says UK insurer

Zurich UK says fraudulent property claims from 1 January to 31 May 25% higher than in same period in 2021

The Guardian - UK

Cost-of-living crisis contributing to rise in fraudulent claims, say insurers

The average value of a fraudulent home insurance claim is £8,800, according to Zurich UK.

The Independent UK

Illinois consumers need relief from car insurers raking in pandemic profits

Given the rising costs of gas, food and utility bills, state legislators are looking for ways to help their constituents. One way to do that would be to give the Department of Insurance tools to protect car insurance customers.

Chicago Sun-Times

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Prime Minister’s crop insurance scheme sees poor coverage of Scheduled Caste farmers in Tamil Nadu

CHENNAI

The Hindu

Health insurance gets pricier as more return to the doctor’s office after pandemic slowdown

Health insurers in individual marketplaces across 13 states and Washington, D.C., will raise rates, on average, 10% next year — a big increase after premiums remained virtually flat for several years.

Chicago Sun-Times

Insurance Stocks Moving In Wednesday's Intraday Session

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

Benzinga

Protect Assets And Stand Out In Cannabis Investment: Don't Miss Michael Hennessey At Benzinga's Cannabis Capital Conference In Chicago

The Benzinga Cannabis Capital Conference (CCC) is coming to the great city of Chicago on September 13-14, 2022.

Benzinga

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The 10 items going up in price the fastest as inflation hits 40-year high

The cost of living crisis is hitting a peak as almost all prices measured by the ONS are going up - here are the goods that are costing you the most, from petrol to insurance

Daily Mirror

Insurer chasing woman who narrowly survived Swansea Bridge crash for cash withdraws claim

An insurance company that chased a woman who crashed through the rail on Swansea Bridge five years ago and narrowly escaped with her life has withdrawn its $11,758.45 claim for repairs.

Newcastle Herald

Youpla funeral insurance founder’s multimillion-dollar yacht arrives in Vanuatu

The company founded by Ron Pattenden collapsed owing millions in unpaid policies to thousands of low-income Aboriginal families

The Guardian - AU

Ombudsman receiving complaints about falling insurance premiums as well as rises

Customers are continuing to report that changes to their premiums may be unfair, despite a fall in insurance pricing complaints overall.

The Independent UK

Ombudsman receives complaints over insurance premium rises – and falls

The financial ombudsman has been receiving complaints from people after the cost of their insurance has gone down.

The Independent UK

US health insurers raise rates to match increase in usage

Individual health insurance rates are going up across the country

The Independent UK

Odisha doctor nabbed while taking bribe to certify life insurance claim form

An 8-year-old girl would have received the insured money

The Hindu

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ABC News

Thousands of people with side businesses could have the wrong home insurance, experts say

Experts say thousands of Australians with side hustles and hobby businesses may have unknowingly signed up for home insurance that doesn't cover them properly.

WEKU

Millions of kids qualify for Medicaid. Biden funds outreach to boost enrollment

More than half of uninsured kids qualify for free coverage but don't know it. The government has released $49 million to get the word out, especially as the end of the COVID health emergency looms.

Benzinga

Insurance Stocks Moving In Tuesday's Intraday Session

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

Ballotpedia

Rhode Island auditor general reports $550 million in unemployment insurance fraud during pandemic

Rhode Island Auditor General Dennis Hoyle released a report on July 12, 2022, estimating the state paid $550 million of fraudulent unemployment insurance benefits from July 1, 2020, through June 30, 2021. The figure was up over the previous fiscal year in which the state estimated $171 million of fraudulent…

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The New Daily

Melbourne earthquake and recent flooding drive surge in insurance complaints

Thousands of Australians have lodged official complaints over delayed insurance payouts after recent flooding triggered a surge in claims.

The Guardian - US

What do we really know about the Russian roots of America’s biggest cannabis company?

Curaleaf could be worth $75bn by 2030. But its US-born chair, Boris Jordan, faces questions over his two decades in Russia

Bangkok Post

Insurer warning over long Covid costs

SET-listed Bangkok Insurance (BKI) said long Covid may have an ongoing cost impact on the Thai insurance industry as it could increase the value of claims.

ABC News

Long COVID cases set to grow as more people fall through the cracks of support

Up to 100,000 people could be suffering severe long COVID within the next three months. Another 300,000 people could have some limitations on their daily activities.

Tribune News Service

How to get rid of medical debt — or avoid it in the first place

Lori Mangum was 32 when apple-size tumors sprouted on her head. Now — six years and 10 surgeries later — the skin cancer is gone. But her pain lives on, in the form of medical debt.

Newsroom.co.nz

We need to get serious about fuel supply resilience – and fast

The extension of excise cuts on high pump prices highlights the NZ's vulnerability. It would cost hundreds of millions of dollars a day if we were to run out of fuel, says Simon Terry.

Benzinga

Insurance Stocks Moving In Monday's Intraday Session

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

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