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The Latest Breaking News from Insurance

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

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

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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

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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

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.

Kiplinger

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.

Ballotpedia

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.

Chicago Sun-Times

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.

Bored Panda

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.

WEKU

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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.

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news in one place.

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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…

AAP

Hefty fine for RACQ after misleading discounts

Insurer RACQ has been hit with a $10 million penalty in the Federal Court after potentially misleading customers about price discounts.

The Independent UK

Hundreds of thousands in North Carolina will be added to Medicaid rolls this week

Full Medicaid coverage starts this week for hundreds of thousands of uninsured adults in North Carolina

Newcastle Herald

Storm brews over huge rise in home and contents insurance

LETTERS TO THE EDITOR - Storm brews over huge insurance increases

The Hindu

On all fours in ‘rat holes’, the heroes of Silkyara scrape by on the margins

Rat-hole miners from U.P.’s Dalit and Muslim communities rescue 41 workers trapped in collapsed Silkyara tunnel. Team of 12 manually bored through last 18m of debris, using chisels, shovels and gas cutters. Requests: pucca house, village roads, life insurance, fair wages, assurance such collapse won't happen again.

The Hindu

Drought relief is our right, says Minister

Agriculture Minister Cheluvarayaswamy expresses discontent over Union govt's reluctance to release drought relief to Karnataka farmers. He states that Karnataka contributes ₹4 lakh crore to Union govt's tax revenues, yet only gets back ₹30,000 crore. He urges Union govt to understand & release relief. He also directs officials to increase…

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