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The Latest Breaking News from Insurance

The £40bn question: How will Rachel Reeves balance the books?

Chancellor boosted by a surprise drop in inflation after the cabinet is warned she may need to find £40bn in taxes and borrowing in her Budget, dwarfing previous estimates of the fiscal ‘black hole’

The Independent UK

Sunak has checked out, leaving Starmer looking even more startled than usual

Forget the Taylor Swift debacle or broken promises over national insurance, Rish! just wanted to ask about China

The Guardian - UK

Three Tax Reasons to Retire in Panama in 2025

With low property taxes and tax-free foreign income, this tropical paradise could make you rethink retirement as a U.S. expat.

Kiplinger

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Another study points to correlation between helmet use on motorcycles and odds of survival

A new study compiling decades of fatal motorcycle crashes is being released by the Insurance Institute for Highway Safety, which is pushing for stricter state road safety laws

The Independent UK

Study to probe whether people who borrow to pay for insurance receive fair deals

The Financial Conduct Authority has launched a competition market study into premium finance for home and motor insurance.

The Independent UK

TRADE: Vikings acquire running back Cam Akers from the Houston Texans

The Minnesota Vikings saw what their running game turned into with Aaron Jones being hurt, and they got some insurance.

USA Today Sports Media Group

Texas rejects insurance rate increase for coastal homeowners, businesses

Texas Windstorm Insurance Association officials argued they needed a 10% rate increase to help insure a growing number of policyholders.

The Texas Tribune

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How will the employer National Insurance rise affect you?

One expert has called the Labour measure a “straightforward breach” of its manifesto

The Independent UK

After hurricanes, the business of rebuilding lives means navigating the insurance claims process

Now that the threat of Hurricanes Helene and Milton has receded, millions of homeowners and business-owners across Florida and the Southeastern U.S. are faced with traversing the often long and laborious process of using insurance to rebuild their lives

The Independent UK

Disgraced Attorney Ordered To Pay 0,000 Settlement To Family

Disgraced attorney Alex Murdaugh ordered to pay 0,000 settlement to Mallory Beach's family through insurance. Manipulation attempts revealed.

Top News

Budget 2024: Rachel Reeves reveals £40bn in tax hikes and boost to NHS spending in historic speech

Chancellor promised to ‘invest, invest, invest’ after months of bleak warnings over economy

The Independent UK

Chubb's Quarterly Earnings Preview: What You Need to Know

Chubb is set to release its third-quarter results later this month, with analysts forecasting a modest increase in earnings.

Barchart

UK employer national insurance hike threatens jobs and pay rises, firms warn

Business body covering pubs, hotels and restaurants says budget tax change would increase costs

The Guardian - UK

UnitedHealth Stock Leads Dow Lower After Earnings: What to Know

UnitedHealth Group stock is sinking Tuesday after the insurance giant revised its full-year profit outlook.

Kiplinger

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The Guardian - UK

What are employer national insurance contributions and what would raising them do?

Rachel Reeves has hinted she plans to put up the tax in the budget but some businesses have voiced concerns

Evening Standard

OPINION - The Standard View: Voters may have missed the (very) small print on Labour's national insurance promise

Did Labour rule out a rise to National Insurance Contributions in its election manifesto? The document states that the party would “not increase taxes on working people”, including NICs. Yet every day, the signal grows clearer that employer National Insurance is set to rise.

Evening Standard

Jobs in London pubs, restaurants and hotels at risk from National Insurance hike, warn hospitality chiefs

Chancellor Rachel Reeves is also believed to be considering raising capital gains tax to fix Britain’s dire public finances

Fortune

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.

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The Independent UK

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

Evening Standard

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

Kiplinger

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.

Fortune

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.

The Guardian - UK

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

Evening Standard

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

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