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The Latest Breaking News from Insurance

How Silicon Valley Bank could precipitate a banking crisis

Corporate America just got a stark reminder that none of their deposits are insured above $250,000 by the Federal Deposit Insurance Corporation (FDIC).

Axios

This Essential Medical Treatment Could Finally Become Affordable For Everyone

Pharmaceutical giant Eli Lilly is slashing the list prices for some of its most popular insulin products by 70 percent.

Inverse

Couple say Morrisons van caused £25,000 damage and they've been offered £746

They claim the damage will cost £25,000 to put right - more than 30 times the amount the supermarket has apparently offered in compensation

Wales Online

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read the most diverse news in one place.

6 pension changes you need to know about - including when retirement age will rise

From another expected rise in the state pension age, to a crucial deadline that could boost your income in later life, we explain everything you need to know about all the retirement changes in the pipeline

Daily Mirror

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

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

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Reason

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…

The Street

Silicon Valley Bank Fails; FDIC Takes Over, Creates New Bank

Silicon Valley Bank was closed by the Federal Deposit Insurance Corp., which launched the Deposit Insurance National Bank of Santa Clara.

The Independent UK

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

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RideApart

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.

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

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.

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