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The Latest Breaking News from Insurance

MSMEs complain about repeated flooding, Minister says he will hold meeting with them

MSMEs in Chennai and its surrounding districts suffer from flooding in industrial estates, with little done to address the issue. Losses of ₹30-160 crore have been reported, and the government is holding meetings with insurance firms and bankers to help. Solutions are needed to prevent further losses.

The Hindu

Home Insurance concept yet to pick up despite repeated floods in Chennai

Chennai has seen two major floods in 8 yrs, yet home insurance uptake low due to lack of awareness. IRDAI launched Bharat Griha Raksha policy from Apr 2021, offering 20% cover for contents. Premiums vary from ₹25-40/lakh/yr, making it affordable. Insurance covers water marks, painting charges.

The Hindu

CM Revanth Reddy issues ‘no charge tickets’, launches scheme for free travel to women in TSRTC

Amidst jubilation, Telangana CM Reddy launches Mahalakshmi scheme offering free travel to women, transgender persons. Scheme coincides with UPA chairperson Sonia Gandhi's birthday. CM handed over ₹2 crore cheque to two-time world champion Nikat Zareen. Rajiv Arogyasri scheme also launched, providing ₹10 lakh medical insurance to beneficiaries. Assembly premises festive…

The Hindu

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Tips for Documenting Non-Fault Accidents at the Scene

Non-fault accidents can be stressful, but effective documentation at the scene can significantly impact the outcome of your claim.

inkl

Rising Cyberattacks Prompt Bond Markets' Innovative Response To Combat Risk

Many organizations and municipalities are coping by purchasing cyber liability insurance, which offers coverage for things like data recovery and legal fees.

International Business Times

CM announces interim aid of ₹2,500 for each family hit by Cyclone Michaung in A.P.

CM Jagan Mohan Reddy announced ₹2,500 interim financial aid to families affected by Cyclone Michaung in coastal areas. He sanctioned ₹30cr for bridge, ₹32cr for power restoration & repairs to roads, tanks & water bodies. He promised input subsidy & insurance claims before Sankranti.

The Hindu

Cyclone Michaung: Insurers have received motor insurance claims for 2,320 vehicles

Insurers receive 2,320 motor insurance claims due to Cyclone Michaung; Finance Minister urges speedy settlement. State govt to provide vacant spaces for vehicle repair, towing vehicles from other districts. Insurers assure speedy settlement of claims.

The Hindu

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California expands insurance access for teens seeking therapy on their own

A new California law will allow low-income teens on Medicaid to get therapy without parental approval. That's already allowed for teens on private insurance. But the change aroused opposition.

WEKU

Taken together, the NDIS review and the royal commission recommendations could transform disability housing

A home – in the physical and emotional sense – is foundational to living an ordinary life with a feeling of inclusion. National Disability Insurance Scheme (NDIS) participants with the highest support needs require housing and living services. Disability can make living in mainstream housing impossible for some people, or…

The Conversation

What's the difference between 'reasonable and necessary' and 'foundational' supports? Here's what the NDIS review says

The long-awaited NDIS review has looked far beyond the National Disability Insurance Scheme, taking a bird’s eye view of disability services in Australia. Critical to the future of the NDIS are services for people with disability outside of the scheme.

The Conversation

Medicare open enrollment ends today. Ignoring the deadline could cost you

As the period for changing health plans ends, many seniors are tuning out. They could wind up with a surprise next year: higher costs and reduced access to health care providers.

WEKU

Insured Disaster Losses To Again Top $100 Bn: Swiss Re

Insured losses from natural catastrophes will pass the $100-billion threshold for the fourth year running in 2023, reinsurance giant Swiss Re said Thursday.

International Business Times

“The first child is the one that pays the most”: How one family carved out Medicaid coverage for a rare treatment

Gabe Nolasco was born without a vital immune system gland. His family spent years in quarantines and advocating to state insurance so they could keep him alive.

The Texas Tribune

Politics with Michelle Grattan: Bill Shorten on making the NDIS fit for purpose

Bill Shorten, Minister for the National Disability Insurance Scheme and Government Services, has released the review of the NDIS, which recommends sweeping changes to the scheme. The reforms to come will see the states take up much of the responsibility for providing services for people with more minor issues, especially…

The Conversation

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The Hindu

Cyclone Michaung | Here is all you need to know about vehicle insurance claims

Flood-damaged vehicles are covered under motor insurance policies. Claims can be made for own damage, third-party liability, and total loss. Add-ons like zero depreciation and engine protection are recommended. Home insurance claims require photos, receipts, and repair estimates. Read policy docs carefully to know inclusions, exclusions, deductibles, and claim procedures.

Newcastle Herald

Australia Post service lost in the mail

Letters and Short Takes: Australia Post service lost in the mail

The Conversation

Recommendations to reboot the NDIS have finally been released. 5 experts react

Findings from an extensive review of the National Disability Insurance Scheme (NDIS) have been released with ideas on how to transform it. Led by co-chairs Bruce Bonyhady and Lisa Paul, the review heard from around 10,000 people before making 26 recommendations with 139 supporting actions. Presenting their findings, co-chairs wrote:

AAP

Advocates call for council to drive disability reforms

Following the release of a review of the National Disability Insurance Scheme, peak bodies say people living with a disability must be at the reform table.

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USA Today Sports Media Group

Brandon Moreno set as UFC 296 backup fighter for Alexandre Pantoja vs. Brandon Royval

The UFC will use Brandon Moreno as its insurance for the UFC 296 flyweight title co-headliner.

The Independent UK

Private hospital admissions soar to record high as hundreds of thousands rely on insurance

Private hospitals on track for record level of admissions this year as patients pay for diagnostics

The Hindu

Industries slowly resume operations, MSMEs continue to stay away from work

MSMEs in Chennai and surrounding regions remain closed due to flooding. Many factories operated with 50% workforce as workers in flood-affected areas could not commute. TN Small & Tiny Industries Association requested assistance from CM as losses run into crores. Automobile firms resumed ops, offering 50% discount on insurance claims.…

AAP

'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.

The Independent UK

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’

Kiplinger

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.

The Conversation

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.

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