The Latest Breaking News from Insurance

Your Roof Needs $15,000 of Work — Repair It or Start Thinking About Moving?

A $15,000 roofing estimate can make even a homeowner who loves their house wonder whether it is time to leave. Before calling a real estate agent, however, remember that moving carries costs of its own, and a damaged roof does not disappear financially just because you list the property.

Everybody Loves Your Money · Oct 3

Should a Teen Pay Rent After Turning 18 if They Still Live at Home?

Turning 18 makes a teenager a legal adult, but it does not automatically make them financially independent. With housing, education, groceries, transportation, and insurance taking sizable bites out of young workers’ paychecks, many families are reconsidering what adulthood at home should look like. Recent research from Pew Research Center found…

Kids Ain't Cheap · Oct 3

Donald Trump says US to send one-time $90 payment to 20 million seniors enrolled in Medicare

President Donald Trump announced a one-time $90 payment for over 20 million Americans enrolled in Medicare. The payments are intended to assist with monthly medical insurance premiums as the midterm elections approach. Most eligible seniors will receive the payment through direct deposit or checks in early October. Additionally, separate payments…

The Economic Times · Oct 3

8 Reasons It’s Almost Impossible to Get Substantial Life Insurance After 70

Life insurance after 70 can turn into an expensive exercise in frustration, especially for someone seeking enough coverage to protect a spouse or leave money to the family. Some insurers offer policies to applicants in their seventies and beyond, but substantial coverage often comes with tougher underwriting, higher premiums, or…

The Free Financial Advisor · Oct 2

Illinois farmer hosted 10 wind turbines across 800 acres; payments began at $10,000 per turbine

Grain farmers across rural America are increasingly finding financial relief through payments from wind turbines placed on their land. These earnings serve as a buffer against the ups and downs of crop pricing, while also bolstering local government funding. Yet, the introduction of wind turbines is not without its challenges,…

The Times of India · Oct 2

From Bhubaneswar classrooms to ICICI Life’s corner office: Who is Sidharatha Mishra

Who is Sidharatha Mishra, the veteran who will take over as the COO and CEO of ICICI Life Insurance soon? He has spent nearly three decades at ICICI Bank, progressing through various roles including branch manager and digital operations head. His appointment follows Anup Bagchi's departure after significant contributions over…

The Economic Times · Oct 2

ICICI Life Insurance appoints Sidharatha Mishra as MD & CEO as Anup Bagchi joins HDFC Bank

ICICI Life Insurance Company on Friday appointed Sidharatha Mishra as managing director and CEO, effective October 14. The appointment comes after current CEO Anup Bagchi resigned from the company, with his resignation taking effect on October 13. Mishra will succeed Bagchi as head of the life insurance company.

The Economic Times · Oct 2

New coalition of groups needed to help crack down on fraud, says Aviva

Aviva said it wants to see more intelligence sharing and cooperation between social media platforms and insurers.

The Independent UK · Oct 2

Melbourne homeowner faces $176,297 insurance battle over hidden water damage after purchase

A dwelling completed in Caulfield South on 18 November 2014 later became the subject of a $176,297.76 County Court award. Mr Fall-Armytage became the registered proprietor in May 2018 and, between June and November 2018, noticed water damage, staining, mould and leaking after heavy rainfall. According to Cogent Legal, his…

The Times of India · Oct 2

19-year-old Abi’s electric MINI costs just £3 a charge and has lower insurance

The young chef’s EV is her first car and costs just £3 to charge at home – and the electric version was cheaper to insure, too

The Independent UK · Oct 2