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The Latest Breaking News from Insurance

She has Medicare and Medicaid. So why should it take 18 months to get a wheelchair?

About 12 million Americans are known as "dual eligibles" because they need both Medicare and Medicaid. A bipartisan bill offers hope to cut through the tangle of red tape that often ensnares them.

WEKU

Five companies fined £590,000 for making almost 2 million marketing calls targeting vulnerable people

The fines are part of a wider crackdown to tackle rogue companies using pressure tactics to sell insurance for white goods

The Independent UK

Canberrans most worried about fires and least prepared, insurer says

'We're encouraging people to prepare now.'

The Canberra Times

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Record spike in insurance firms ripping off drivers over value of their car

Exclusive: Drivers of BMW, Mercedes and Land Rover cars are worst affected with underpayments of £1,000, according to research

The Independent UK

City regulator warns insurance firms to make sure they are offering fair value

The FCA has identified evidence that some guaranteed asset protection products, an add-on to motor cover, may be failing to provide fair value.

The Independent UK

Streamlining the insurance industry: addressing inefficiency head-on

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

The Independent UK

Homeowners face rising insurance rates as climate change makes wildfires, storms more common

A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report says

The Independent UK

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New Mexico official orders insurance companies to expand timely access to behavioral health services

New Mexico's top insurance regulator is ordering health insurance companies to expand timely access to behavioral health services

The Independent UK

Cheerful Ozempic TikTok belies a hidden economy of commissions and drug discounts

Telehealth companies designed to prescribe weight loss drugs are tapping TikTokers to lead their marketing efforts, and legal experts are concerned.

Fortune

Finance Ministry’s decision to benefit over 13 lakh LIC agents, 1 lakh employees, says BJP MP GVL Rao

Finance Ministry approves welfare measures for LIC agents/employees incl. increased gratuity limit, eligibility for renewal commission, term insurance cover and uniform rate of family pension. 13 lakh agents & 1 lakh employees to benefit, said BJP MP G.V.L. Narasimha Rao.

The Hindu

Home insurers record a jump in subsidence payouts as volume of claims rises

The total value of subsidence payouts, at £54 million, jumped by 21% compared with the second quarter of 2022, the ABI said.

The Independent UK

Cost of car insurance for young drivers soars by almost £600 in one year

Insurance now represents 63 per cent of the total costs young people pay to run a car

The Independent UK

The NDIS has a parent problem. Changes could involve parents more in disability support and reduce stress

The National Disability Insurance Scheme (NDIS) has seen increasing numbers of children with developmental delay or disability receive support within clinical settings. It’s also seen reduced support in other settings, including home and school.

The Conversation

Liz Weston: Why retirees may want to buy an immediate annuity now

When you purchase an immediate annuity, you’re paying a lump sum now in exchange for a stream of payments over a fixed period or for your lifetime

The Independent UK

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AAP

Insurance 'under pressure' from extreme weather events

Australia's top insurers are heading to Europe for talks to tackle a widening "protection gap" as more frequent severe weather brings a heavy toll worldwide.

The Conversation

Who really benefits from private health insurance rebates? Not people who need cover the most

The Australian government spends A$6.7 billion a year on private health insurance rebates. These rebates are the government’s contribution towards the costs of individuals’ premiums.

The Independent UK

Free prescription discount cards from GoodRx — What’s the catch?

GoodRx’s prescription savings program offers significant discounts on prescription drugs, but not without some catches

Dynamite News

Uttar Pradesh Shocker: 3 brothers fight over insurance money received after mother's death; Youngest dead

The youngest of three brothers, identified as Ram Asrey (45), died in the fight. Read further on Dynamite News:

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Caixin Global

Weekly Must-Read: The Slow-Burning Insurance Crisis Unfolding in the Shadows

Despite government efforts to clean up the industry and improve oversight, the economic slowdown and a new risk-focused regulatory regime are adding to the problems

WEKU

UK economics professor has a few theories about skyrocketing auto insurance rates

The latest figures from the U.S. Bureau of Labor Statistics are almost enough to force folks off the road – a 19 percent increase in auto insurance rates. Dr. Aaron Yelowitz is an economics professor at the University of Kentucky’s Gatton College of Economics. He has a few theories about…

The Independent UK

Louisiana, 9 other states ask federal judge to block changes in National Flood Insurance Program

Attorneys for 10 states and some Louisiana local governments hope a federal judge will block a new system for calculating rates for federal flood insurance

Caixin Global

China Greenlights First Insurer’s Sales of Perpetual Bonds to Replenish Capital

The approval for Taikang Life could pave the way for other insurance firms to use the instrument to strengthen their balance sheets

Barchart

Investor's Toolkit: Leveraging Put Options for Portfolio Security

With the stock market looking fragile here, it might be time to look at buying some protection on stocks that we don't necessarily want to sell.

The Texas Tribune

The percentage of uninsured Texans in 2022 dropped to the lowest in a decade

Texas is still the state with the highest percentage of uninsured residents, at nearly 17 percent, according to the most recent U.S. Census Bureau survey released Thursday.

The Guardian - AU

Single parents face higher health insurance premium increases than other families, analysis shows

Consumer advocacy group Choice finds single parents face cost hikes of up to 70% when adding dependants while most two-parent families face no increase

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