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The Latest Breaking News from Insurance

'Unbalanced' disability system needs rapid change

Once considered world-leading, the effectiveness of the National Disability Insurance Scheme has been questioned as its cost continues to surge.

AAP

Ellen Barkin says she was ‘thrown off’ SAG-AFTRA health insurance because she’s a senior

The 69-year-old actor’s latest role was in the 2023 action-comedy ‘The Out-Laws’

The Independent UK

Seven Financial Planning Stops to Put on Your Map to Financial Security

Creating a comprehensive plan is just the start, though. Checking in regularly to make sure you’re still on track is imperative.

Kiplinger

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States agree to do more heavy lifting on disability, in exchange for extra health and GST funding

The Albanese government has promised extra funding for health and to extend its top-up of the GST, in exchange for the states undertaking more of the heavy lifting on disability to help curb the National Disability Insurance Scheme’s cost blowout.

The Conversation

The Tesla Cybertruck Could Be An Insurance And Repair Nightmare

DeLorean enthusiasts, body shop technicians, and insurance agents all weigh in on Tesla's stainless steel truck.

InsideEVs

What is the hospital funding agreement politicians are talking about today?

National Cabinet meets today to discuss three big issues in Commonwealth-state financial relations: GST allocation, National Disability Insurance Scheme (NDIS) funding, and a Commonwealth government proposal to kick-start negotiations on a new National Health Reform Agreement, to take effect in July 2025.

The Conversation

Tesla Insurance Facing Prospective Class Action Suit Over ‘Inflated’ Premiums

The case claims Tesla's insurance business uses false forward collision warning alerts to determine premiums.

InsideEVs

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Cyclone Michaung | Kerala will extend all support to cyclone-hit Tamil Nadu, says Chief Minister Pinarayi Vijayan

Kerala chief minister Pinarayi Vijayan said the State will extend help to flood-hit Tamil Nadu. He also welcomed T.N. Prathapan MP’s notice for adjournment motion in Parliament against Centre’s “hostility”. He said the LDF will have a candidate in Wayanad and BJP won’t make any impact in Thrissur. To improve…

The Hindu

If you want to avoid ‘giving away your first born’ make sure you read the terms and conditions before signing contracts

In 2019, a travel insurance company held a secret contest in which they included a line in the fine print of their policy promising $10,000 to the first person who spotted it.

The Conversation

“Am I Overthinking This?”: Woman Pieces Together Evidence Of BF’s Suspicious Activities

A woman started noticing startling details in her boyfriend's behavior, which all suggested he might have a sinister plan.

Bored Panda

Journalist bodies place before parliamentarians charter of demands

Journ. bodies demand law to protect journalists from arbitrary arrests, repeal of Labour Codes, risk insurance cover, pension scheme, curb on Internet shutdowns, review of sedition & defamation laws.

The Hindu

Chief Justice Roberts' Chance to Redeem Himself!

In 2012, Chief Justice Roberts disappointed conservative and libertarian Supreme Court watchers by upholding the Affordable Care Act's mandate that everyone buy health insurance as a direct tax. The Chief Justice wrote an excellent opinion -- one of his best -- on why the Commerce and Necessary and Proper Clauses…

Reason

No Sealing in Case Seeking to Enforce $17M Arbitration Award Related to Medicare Prescription Drug Benefits

From Judge Naomi Reice Buchwald's opinion Thursday in Caremark, L.L.C. v. N.Y. Cancer & Blood Specialists, Inc.: Petitioners Caremark, L.L.C., … SilverScript Insurance Company, and Aetna, Inc. seek to file their petition to vacate an arbitration award under seal; or, in the alternative, partially under seal; or, in the second…

Reason

UK insurance: ‘My parents paid thousands to protect obsolete products’

One family paid for 20 years to insure a Sky TV box that was phased out in 2016 because of auto-renew

The Guardian - UK

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Kiplinger

Where to Start Financially After a Life-Changing Diagnosis

Dealing with an illness, yours or your child’s or that of another loved one, is hard enough without adding financial duress. Here are some considerations and suggestions for covering expenses.

Ballotpedia

U.S. weekly unemployment insurance claims rise to 218,000

New applications for U.S. unemployment insurance benefits rose 7,000 for the week ending Nov. 25 to a seasonally adjusted 218,000. The previous week’s figure was revised up by 2,000 to 211,000. The four-week moving average as of Nov. 11 fell 500 from the previous week’s revised average to 220,000.

Chicago Sun-Times

Lawyer hails ‘big win’ as state Supreme Court rules insurers must provide coverage to pedestrians, cyclists hit by uninsured drivers

A Chicago man sued when his insurance firm refused to pay for injuries his son suffered when he was hit on a bike by a motorist.

Bored Panda

People Don’t Usually Save Up For These 27 Things And Face Financial Shock When They Occur

People don’t plan their budget for these 27 various things and experience huge financial shock because of them.

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WEKU

Uncle Sam wants you to help stop insurers' bogus Medicare Advantage sales tactics

The Biden administration is cracking down on deceptive or misleading Medicare Advantage and drug plan sales tactics. And it's counting on beneficiaries to help catch offenders.

Newslaundry

Burden of promises: Everything you need to know on welfare schemes in poll-bound states

Free laptops, scooty, gas cylinders and education, and loan waivers – the assembly elections in Madhya Pradesh, Telangana, Chhattisgarh, Rajasthan and Mizoram ushered in a barrage of ‘freebies’, with the most on offer in Chhattisgarh, MP and Telangana.

RideApart

Should All Motorcycles Come Standard With ABS?

Recent petitions from the Insurance Institute for Highway Safety (IIHS) and Highway Loss Data Institute (HLDI) look to mandate ABS on all new motorcycles in the US.

The Texas Tribune

Climate change, costly disasters sent Texas homeowner insurance rates skyrocketing this year

Texas rates have increased 22% on average so far in 2023, twice the national rate. More billion-dollar disasters have occurred in Texas this year than any other year on record.

Kiplinger

Six Ways to Prepare for Widowhood and Protect the Surviving Spouse

No none wants to have to plan for losing their spouse, but having plans in place and knowing what to do when the time comes can alleviate at least some of the stress.

Kiplinger

Do You Need Disability Insurance?

If you work for a living, the answer is yes, so don’t overlook protecting your biggest asset. Open enrollment season is the perfect time to assess your options.

The Hindu

Cuddalore consumer forum orders insurance company to pay ₹1.65 crore to cargo vessel owner over marine insurance policy

Cuddalore District Consumer Disputes Redressal Commission orders United India Insurance Co. to pay ₹1.65 crore to customer for wrongly repudiating marine insurance policy claim. Rajamani's cargo vessel ran aground due to heavy ingress of sea water. Insurance Co. repudiated claim citing breach of Duty of Assured Clause. Commission found no…

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