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The Latest Breaking News from Insurance

Outrage as State Farm General To Raise Insurance Rates in California Up To 38% Starting Next Month

State Farm will raise California insurance rates by up to 38% from 1 June, prompting backlash over affordability and lack of transparency. A review is due in October.

International Business Times UK

5 Smart Ways to Use Your Life Insurance While You're Still Alive

Life insurance can do more than just provide for your heirs — here's how to maximize your policy while you’re still here.

Kiplinger

5 Water Damage Risks Homeowners Forget About — and Why Insurance Won't Always Cover Them

Water damage is one of the most common — and costly — home repairs. Here's what your policy may not protect against, and how you can avoid major headaches.

Kiplinger

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UnitedHealth Group shares plunge after report of Medicare fraud inquiry

Justice department investigation into health insurance giant reported as company’s CEO says he will retire

The Guardian - US

Line draws up to sixth in Ryan Motorsport Insurance Autosport National Rankings

Monoposto ace George Line is the highest-placed improver in the Ryan Motorsport Insurance Autosport National Rankings this week after scoring a hat-trick of wins at Anglesey.

Autosport

The rich flocked to Florida. Then property taxes and condo assessments caught them by surprise

Moving to Florida is "just not tax free."

Fortune

The Four D's That Could Force You to Sell Your Business

Business owners (or their heirs) can be rushed into a sale of their company if they haven't planned for a major change in circumstances — or the four D's.

Kiplinger

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California approves State Farm’s request for 17% premium increase for homeowners

Insurance provider says rate hikes are necessary to help the company avoid a ‘dire’ financial crisis

The Guardian - US

4 Recent Earnings Winners Riding Fresh Momentum in May

Four companies experienced significant short-term rallies following better-than-expected earnings; can they maintain momentum going forward?

MarketBeat

UK watchdog launches investigation into Aviva’s £3.7bn takeover of Direct Line

CMA has up to 40 working days to evaluate agreement’s possible impact on competition in insurance sector

The Guardian - UK

Do You Need Disability Insurance? Three Things to Know

Disability insurance can help replace some of your income during unexpected life events. Here are the basics, courtesy of a financial professional.

Kiplinger

California approves State Farm's request for 17% premium increase for homeowners

State Farm can soon start raising premiums by 17% for its California home insurance customers

The Independent UK

FCA unveils plans to remove ‘outdated or duplicated’ insurance rules

The regulator said it will reduce regulatory costs and increase the competitiveness of the UK insurance sector.

Evening Standard

10 Ways to Crush Medical Debt Without Destroying Your Life

Medical debt can be crushing. In fact, 58.5% of respondents to a 2019 study published in the American Journal of Public Health said medical expenses contributed to their bankruptcy. Don’t let medical debt destroy your life. Here are 10 ways to reduce your debt and work on repayment without losing…

Beating Broke

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The Independent UK

Drivers losing thousands to ghost broker scams – the red flags to watch out for

Anti-fraud bodies have warned the impact on victims buying fake motor insurance policies can be ‘devastating’.

Euronews

UK wage growth cools ahead of national insurance hike for businesses

UK wages lagged as businesses dealt with increasing cost pressures and growing economic and geopolitical uncertainty.

The Conversation

Why do cuts to Medicaid matter for Americans over 65? 2 experts on aging explain why lives are at stake

Republicans in Congress intend to cut about US$880 billion in federal health care spending.

Barchart

What Are Wall Street Analysts' Target Price for Erie Indemnity Stock?

While Erie Indemnity has lagged behind the broader market over the past year, analysts acknowledge the company’s stable, fee-based business model and consistent cash flow generation and maintain a reasonably upbeat outlook on its future potential.

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Euronews

Munich Re reports wildfire losses but sticks with profit outlook

Germany’s reinsurance giant took a serious hit from the US wildfires, dragging down the company’s property and casualty reinsurance segments and almost halving Munich Re’s net earnings.

Kiplinger

Why Now is a Good Time to Get Whole Life Insurance

Now is a good time to diversify your retirement portfolio with a whole life insurance policy.

Kiplinger

What Does Travel Insurance Cover? 6 Types of Coverage for Your Next Trip

Find out what travel insurance covers and whether or not you need it on your next vacation.

inkl

What Most People Get Wrong About Personal Injury Claims

It’s a moment most people never see coming—a slip on a wet floor, a rear-end collision, a misstep on a broken stair. At first, you might shake it off. “It’s not that bad,” you think. A few bruises, a sore back, maybe a trip to urgent care if things don’t…

The Guardian - UK

UK unemployment rises to highest in nearly four years

ONS figures also reveal slide in job vacancies amid rise in employer national insurance contributions

The Conversation

As insurance gets harder to buy, NZ has 3 choices for disaster recovery – and we keep choosing the worst one

The number of climate change-related extreme weather events is on the rise, making it harder for many people to buy affordable home insurance.

Roll Call

GOP race to take on Sen. Jon Ossoff heats up in Georgia - Roll Call

The race to take on Sen. Jon Ossoff in Georgia grew Monday after state Insurance Commissioner John King entered the Republican primary.

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