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The Latest Breaking News from Insurance

Victoria unveils $15m rescue package for Porter Davis customers after builder’s collapse

Daniel Andrews says about 560 families lost deposits due to the company’s failure to take out insurance on their behalf

The Guardian - AU

Victorian government to bail out 560 Porter Davis customers

The Victorian government will stump up $15 million to pay back 560 Porter Davis customers who paid a deposit but never had insurance filed by the company.

The New Daily

Porter Davis clients left without homes or insurance to have deposit repaid by Victorian government

The Victorian government says it will reimburse deposits paid to home builder Porter Davis by about 560 families who were left without a home or insurance when the company collapsed.

ABC News

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Victorian govt to bail out 560 Porter Davis customers

The Victorian government will stump up $15 million to pay back 560 Porter Davis customers who paid a deposit, but never had insurance filed by the company.

AAP

House committee hears testimony on DC health data breach

A top administrator with Washington’s health insurance exchange apologized to House members on Wednesday for the data breach that resulted in the disclosure of personal information for thousands of users, including members of Congress

The Independent UK

National Disability Insurance Agency suspends automated payments to business of advocate Kelvin Steinhardt

The National Disability Insurance Agency says it is suspending automated payments to a business associated with an advocate alleged by former clients and service providers to have submitted invoices for services that were never delivered.

ABC News

New West Side primary care clinic promises to expand access to uninsured residents

The Thresholds Health clinic in Austin recently opened to the public and will accept even uninsured patients. It’s a step toward reaching a largely uninsured, though advocates say there’s still more to be done.

Chicago Sun-Times

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10 Things You Should Know About Life Insurance

From choosing the right policy to understanding qualification criteria, here are 10 key things you need to know about life insurance.

Kiplinger

Father pursuing legal action against child safety department after mother left daughters Chloe and Darcey Conley to die in hot car

Peter Jackson is pursuing legal action, seeking damages for personal injuries he says stem from the deaths of his daughters.

ABC News

Medicare has been under pressure for years. So is it broken and can it be fixed?

These experts say Medicare is at breaking point and it's time for major reform.

ABC News

More companies are being hit by cyberattacks than ever before

Two-thirds of firms suffered an incident in the last 12 months, many of which resulted in lost customers and their competitive edge.

TechRadar

Trupanion (TRUP) Not Corralling Upside Sentiment is a Huge Problem

Although pet health insurance specialist Trupanion operates in a relevant field, TRUP stock is completely unable to capitalize, posing serious concerns for investors.

Barchart

Model develops bleeding on her brain after falling down Bali stairs in freak accident

Courtney Mills did not have international health insurance, but her bills have already spiralled above £2,400 with fans being asked if they can donate toward her recovery

Daily Mirror

3 Insurance Stocks to Consider for a Strong April

While the profitability of most sectors gets affected by interest rate increases, the insurance industry tends to benefit from it. Moreover, the insurance business performs steadily regardless of the economic cycle. Hence, investors could consider investing in quality insurance stocks Unipol (UFGSY), Universal Insurance (UVE), and Heritage Insurance (HRTG) this…

StockNews.com

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Daily Mirror

Katie Price appears to drive uninsured and untaxed car as she returns to roads after ban

Former model Katie Price drives herself home from community service at a charity shop in Crawley - but it appears the car doesn't have valid insurance or tax

The Conversation

The NDIS is set for a reboot but we also need to reform disability services outside the scheme

NDIS Minister Bill Shorten yesterday announced a “reboot” of Australia’s National Disability Insurance Scheme and six major areas of reform. Getting the NDIS back on track, Shorten said, will require reform across all disability services.

The Independent UK

Insurance losses from Mississippi tornado nearing $100M

The Mississippi Insurance Department says insurance losses from the March tornado that carved a path of destruction through parts of Mississippi are approaching $100 million, and uninsured losses will likely exceed that number

Los Angeles Times

Former 1-800 GET-THIN doctor gets 7-year sentence for multimillion-dollar fraud scheme

LOS ANGELES — A former doctor convicted of fraudulently submitting nearly $120 million in claims related to the 1-800-GET-THIN Lap-Band surgery business has been sentenced to seven years in federal prison.

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ABC News

Consumer advocates warn of funeral insurance 'rort' that leaves customers paying more than it costs to bury them

David is dying of cancer, but he has already paid more than the cost of his funeral in insurance. Consumer advocates say he is far from alone and they want the "rip-off" to stop.

AAP

Indigenous face double NDIS disadvantage, network says

Reform of the National Disability Insurance Scheme must include a focus on helping Indigenous Australians, an advocacy group says.

The Independent UK

Coronation bank holiday weekend: How to throw a street party to celebrate King Charles III

The long weekend to mark the crowning of King Charles and Queen Consort Camilla is just weeks away

Ballotpedia

Wisconsin introduces unemployment insurance indexing bill

Wisconsin lawmakers on April 7 introduced several bills related to unemployment insurance, including one that would index the length of unemployment insurance benefits to the state’s unemployment rate. Assembly Bill 153 would reduce the maximum number of benefit weeks to 14 during times when the unemployment rate is at or…

Birmingham Post

Moneysupermarket.com posts strong trading results as travel market recovers

The price comparison website has posted its company results for the first quarter ending 31 March 2023

StockNews.com

3 Stocks Trading Above their 50-Day Moving Averages

As the annual inflation declined for the ninth straight month in March, investors remain fearless about the Fed’s next course of action. However, as the market is expected to remain volatile on concerns over a potential recession, investing in fundamentally strong stocks Centrica (CPYYY), Graham Corporation (GHM), and Heritage Insurance…

The Conversation

5 policies that could make future bank failures less likely or severe

The abrupt failures of Silicon Valley Bank and Signature Bank and subsequent concerns about the stability of other banks have reignited a fierce debate among lawmakers, the financial industry, the Biden administration and former government officials about an array of banking reforms and regulatory changes.

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