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The Latest Breaking News from Insurance

Singapore hits brakes on $1.7 billion Allianz deal for onetime insurance cooperative after it sparks public outcry

On Monday, Singapore’s government decided to block the deal until Allianz addressed some of its concerns, including whether Income Insurance will be able to continue its social mission.

Fortune

Ex-Bank of England chief Mervyn King urges Rachel Reeves to raise national insurance in Budget

Exclusive: In a dramatic intervention, the former governor of the Bank of England tells the chancellor she must be ruthlessly honest with the public

The Independent UK

Tax row: Will Rachel Reeves break Labour manifesto by raising National Insurance on employers in the Budget?

The jury seems to be out on this key question on Labour’s economic policy

Evening Standard

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How to Spot a Contractor Who's Not Playing by the Rules

Being a general contractor is not a game, yet some misrepresent what they're licensed to do. Here's a cautionary tale, plus some signs to watch for that something's off.

Kiplinger

Here’s why the gap between Americans’ perception of U.S. economic performance and reality has doubled since 2019, according to economists

A vast majority of Americans report satisfaction with their economic situation. And yet, most Americans believe the economy is faring poorly.

Fortune

Keir Starmer twice refuses to rule out rise in employers’ national insurance

PM says it was ‘very clear’ in Labour manifesto that government would not raise taxes on working people

The Guardian - UK

Cooling labour market adds to Reeves’s tax-raising dilemma

Hints at plans to increase employers’ national insurance contributions comes as demand for labour slows

The Guardian - UK

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Capital gains tax will not hit 39%, says Treasury minister - but he won’t rule out rise in October Budget

National Insurance for employers also appears set to increase in the Budget on October 30

Evening Standard

No 10 rejects claims PM received Taylor Swift tickets as ‘thank you’ for security measures – as it happened

Downing St says decisions over protection for the singer were up to Scotland Yard and not the government

The Guardian - UK

HMRC pension warning as deadline to boost your State Pension approaches

More than 10,000 people have boosted their state pensions by a combined £12.5 million in the last six months

The National (Scotland)

Cleaver calls for 'bold' congressional response to hurricanes - Roll Call

Rep. Emanuel Cleaver II says the policy response to hurricanes Helene and Milton should be wide-ranging and impactful.

Roll Call

Calculating the Cost to Ship Your Car: A Comprehensive Guide

When it comes to shipping a vehicle over distances or internationally, the size and weight of the car play a role in determining the cost.

International Business Times

Reeves hints at rise in employer national insurance, as critics claim it breaches manifesto

Chancellor says businesses will understand balancing the books is necessary for fiscal stability

The Guardian - UK

Insurers warn of bill shock from hospital pay demand

NSW officials are demanding private health insurers pay full freight for public hospital stays, suggesting taxpayers are being asked to provide a huge subsidy.

AAP

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The Independent UK

Reeves warned national insurance hike would be ‘straightforward breach’ of manifesto

Speculation is mounting that the chancellor is considering raising employer contributions

Evening Standard

Where is the UK investment summit? Sir Keir Starmer to welcome CEOs to London with King to give reception

Investment in the UK will be on the agenda, with speakers from the NHS, Google and numerous insurance companies

The Independent UK

Labour accused of ‘absurd’ plan to break manifesto pledge over national insurance hike

The shadow work and pensions secretary also said the Government’s claim his party left a £22 billion black hole in public finances is ‘fictitious’

The Canberra Times

Man jailed after deliberately crashing BMW in failed plot for $132k

The car was insured for more than four times its market value.

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The Guardian - UK

Budget could include rise in employers’ national insurance, minister suggests

Jonathan Reynolds says Labour pledge not to increase NICs applies to employees and does not rule out other changes

The Guardian - UK

Renting art: how to bring great pictures into your home at a fraction of their cost

With the right insurance and a monthly fee, you can now rent works for as little as £7.50 a week

The Guardian - UK

Labour MPs urge Reeves to spend tens of billions more on ailing public services

About 70 colleagues have written to chancellor ahead of budget pleading for her to commit to rewriting fiscal rules

The Guardian - US

Insurance is failing hurricane survivors: ‘People thought they were covered’

Flooding is separate from typical US home insurance and many homeowners are not adequately covered

Salon

Helene, Milton add to insurance woes

Experts say financial damages related to natural disasters have sharply increased

The Independent UK

If you let your flood insurance lapse and then got hit by Helene, you may be able to renew it

Residents in states hit by Hurricane Helene who had coverage through the federal flood insurance program but let it lapse before the storm hit may be able to renew it and still be covered from the impact

The Guardian - US

Hurricanes refocus attention to scarcity of flood insurance in high-risk Florida

Only about one-third of homes in Florida’s flood zones are covered by insurance. Residents say the state ‘should provide every incentive’ to obtain it

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