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The Latest Breaking News from Insurance

Cyclone Alfred brought Brisbane’s fourth major flood in 50 years – can the city be flood-proofed?

The Queensland government vowed to make the city more ‘resilient’, not flood-proof, after 2022. But new developments are still being built in flood zones

The Guardian - AU

Distraught mother forced to fundraise for toddler’s £119K medical flight after travel insurance ‘nightmare’

Mother-of-three, Natasha Sargent, is warning others to “triple check” their medical records before getting cover for their holiday after her daughter’s insurance was rendered invalid.

The Independent UK

California regulator mulls State Farm's request for 22% premium hike for homeowners after LA fires

California's top insurance regulator says he will approve an emergency request from State Farm to raise home insurance rates for roughly a million customers if the company can justify the hike at a public hearing

The Independent UK

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Tinder Date Gone Wrong: State Farm Exec Fired After Saying Premium Hikes Following California Fires Were 'Kind Of' Orchestrated

State Farm General had filed for an 22% rate hike for its homeowner policies, citing the wildfires and a £3.86 billion drop in its surplus account in the past decade.

International Business Times UK

Understanding California's New Auto Insurance Requirements Effective 2025

California's new auto insurance requirements, effective January 1, 2025, will see a significant increase in minimum liability limits to provide better financial protection.

inkl

Dr. Mehmet Oz heads to the Senate with pitch to oversee America's health insurance programs

Dr. Mehmet Oz, President Donald Trump’s pick to lead the Centers for Medicare and Medicaid Services, will testify before the Senate Finance Committee on Friday morning

The Independent UK

The Rise of Staged Car Accidents: How to Protect Yourself from Insurance Fraud in California

As the number of staged car accidents rises, drivers in California face an increasing threat from insurance fraud.

inkl

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Dr. Oz ‘significantly underpaid’ his taxes, Democrats say as they prepare to grill him in confirmation hearing

The TV doctor has been nominated by Trump to lead the Centers for Medicare and Medicaid Services

The Independent UK

Only Two of America's 10 Best-Selling Vehicles Earn IIHS Safety Award

Tougher test standards mean fewer cars are earning the Insurance Institute for Highway Safety's Top Safety Pick Awards this year. The IIHS updated its moderate overlap front crash test by adding a dummy in the rear seat behind the driver, which represents a small woman or child, to collect injury…

Motor1

Oz's ties to insurers may loom over his CMS confirmation hearing - Roll Call

Mehmet Oz will likely face questions during his confirmation hearing about his past support of expanding the Medicare Advantage program.

Roll Call

State Farm Exec Fired Over Insensitive Remarks About LA Wildfire Victims In Bombshell Video

The State Farm executive was fired after suggesting the LA wildfire victims ended up suffering because “ego” pushed them to build houses in fire-prone areas. The post State Farm Exec Fired Over Insensitive Remarks About LA Wildfire Victims In Bombshell Video first appeared on Bored Panda.

Bored Panda

Driving innovation and reshaping the insurance landscape with AI

AI is revolutionizing insurance with automation, personalized policies, fraud detection and enhanced cybersecurity measures.

TechRadar

Childcare blow for hard-up parents as survey shows most nurseries plan to cut funded places

Nurseries face ‘perfect storm of challenges’ due to national insurance and minimum wage rises and ‘many will not be able to survive’, charity warns

Evening Standard

Why childcare providers will be forced to limit funded places and increase prices

The Early Years Alliance has warned childcare providers face a ‘perfect storm of challenges’

The Independent UK

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AAP

Three-year payout row: flood victim's insurance warning

A flood victim who waited three years for her insurance payout warns the thousands of people making claims over ex-tropical cyclone Alfred to brace for a fight.

The Guardian - UK

Kenneth Stern obituary

Other lives: Lloyds insurance broker who fostered links between his birthplace of Hamburg and his adopted home of London

Evening Standard

Three women charged after protesters sprayed paint on insurance giant’s offices

Members of protest group Palestine Action targeted Allianz Insurance offices in the City of London on Monday.

Barchart

Aflac Incorporated Stock: Is AFL Outperforming the Financial Sector?

Despite Aflac’s outperformance compared to the financial sector over the past year, Wall Street analysts maintain a cautious outlook on the stock’s prospects.

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Evening Standard

Huge rise in stolen Rottweilers revealed by police - which other dog breeds are thieves targeting?

Rottweilers saw the highest rise in thefts – a 180% year-on-year increase, followed by Border collies and Chihuahuas

The Independent UK

The UK’s most stolen dog breeds named as scale of thefts revealed

The most likely breed to be taken has been revealed in new analysis

Evening Standard

Direct Line boss gets £7.8m pay packet despite surging insurance costs

Adam Winslow was handed the deal as the company prepares for a £3.7 billion takeover by rival insurer Aviva.

MarketBeat

3 Stocks Institutions Are Quietly Dumping

Institutions have been selling out of discretionary consumer names lately, signaling a loss of confidence in the underlying economy and spending.

Reason

Pennsylvania School District Must Disclose DEI Training Materials, Though It Claimed They Were a "Trade Secret"

In Trethewey v. Downingtown Area School Dist., a Feb. 26 Pennsylvania appellate court decision by Judge Mary Hannah Leavitt (joined… The post Pennsylvania School District Must Disclose DEI Training Materials, Though It Claimed They Were a "Trade Secret" appeared first on Reason.com.

Barchart

How Is Travelers Companies' Stock Performance Compared to Other Insurance Stocks?

Travelers Companies has notably outperformed other property and casualty insurers over the past year and analysts remain moderately bullish on the stock’s prospects.

The Conversation

In the wake of Alfred, how do we think about and measure the cost of catastrophes?

Ex-Tropical Cyclone Alfred is the latest in a succession of extreme rainfall events to wreak havoc on coastal communities in New South Wales and Queensland.

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