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The Latest Breaking News from Insurance

LOCALIZE IT: 10 States sue to halt jump in premiums under flood insurance revamp

EDITORS/NEWS DIRECTORS:

The Independent UK

Aviva paves way for pension providers to join Dormant Assets Scheme

The scheme was first established for banks and building societies in 2011.

The Independent UK

Travel insurance: how UK holidaymakers can get the best deal

It is vital to weigh up reducing the upfront cost of a policy against what is covered and any excess

The Guardian - UK

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Prudential posts record results as premiums gain

Prudential Life Assurance (Thailand) posted record-high financial results in the first quarter of 2023, with the highest weighted first-year premiums in its history as the firm joined the country's top six insurance providers.

Bangkok Post

Viral 'Break-in' TikTok trend sparks conversation on how to protect your home

The viral TikTok trend which has sparked outrage, shows groups of people walking into other people's homes uninvited

Irish Mirror

LIC eases claim process norms for Odisha train accident victims

National insurer Life Insurance Corporation (LIC) on Saturday announced many relaxations for the claim settlement process for the victims of the Balasore train tragedy.

The Hindu

Nationals Ace Shut Down During Rehab With ‘Severe Nerve Damage’

The latest news around the Nationals star is not promising.

Sports Illustrated

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Airport 'chaos' warning to anyone going abroad this summer

People travelling overseas are being urged to protect themselves

Liverpool Echo

Average cost of a stag or hen do in the UK or abroad revealed

Aviva warned that not having adequate insurance may leave guests exposed to cancellation costs, outlays for lost items, or even medical bills abroad.

The Independent UK

Car thieves are using increasingly sophisticated methods, and most new vehicles are vulnerable

Car theft is on the rise, according to AA Insurance Services. Worryingly, thieves are increasingly using high-tech tools to target weaknesses in the same sensors and computerised systems that were designed to help make our journeys safer and more comfortable.

The Conversation

Dorset software firm Morning Data bought by global analytics group Verisk

The Dorchester-based business has supported clients in the insurance sector for more than 30 years

Birmingham Post

More than 20,000 people support new proposals to pay mortgage through their wages before any deductions

The payments would come off before any tax or National Insurance was deducted, similar to workplace pensions.

Daily Record

Insuring Your Plan for Retirement Income

‘Longevity insurance’ ensures you don’t run out of money in retirement. How to figure out how much you need, the types of annuities to use and when the income should kick in are tricky questions, though.

Kiplinger

Kirkcudbright's John Blaikie shares his tale in Galloway People

John is chairman of Kirkcudbright Summer Festivities and a huge lover of the great outdoors

Daily Record

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ABC News

Federal government to crack down on 'profiteering' under the NDIS and make overcharging for the same product illegal

The federal government is working on a new law to explicitly make it illegal to charge more for products and services because a client is on the National Disability Insurance Scheme.

Laptop

Is Google Wallet surpassing Apple Wallet? 3 cool new features coming to the app

Apple Wallet has gotten a running head start with its feature offerings, but it looks like Google Wallet is beginning to catch up.

WEKU

10 states and scores of local governments sue FEMA over higher flood insurance rates

The states — from the Gulf Coast, the West and Midwest — along with dozens of municipalities are trying to block rate hikes under the National Flood Insurance Program.

Reason

California Regulations Prevent Insurers From Accurately Pricing Wildfire Risk, so Now They're Fleeing the State

California homeowners are finding out that government-imposed market distortions cannot be maintained forever.

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The Independent UK

Louisiana, 9 other states sue US government over steep flood insurance rate increases

Louisiana and nine other states have filed a lawsuit against the federal government over sharp increases in national flood insurance rates slated to be phased in over the coming years

The Independent UK

Money stored in Venmo, other payment apps could be vulnerable, financial watchdog warns.

Customers of Venmo, PayPal and CashApp should not store their money for the long term with these apps since their funds may not be covered by deposit insurance, the Consumer Financial Protection Bureau warned on Thursday

Android Central

Google Wallet gains new features like adding state IDs and digitizing physical passes

Google Wallet can now import tickets and passes from Google Messages. Users can add state IDs and any card with a barcode and QR code.

StockNews.com

3 Stocks to Add to Your Portfolio for Stability

Macroeconomic headwinds, like persistent inflation and rate hike fears, have dampened investor sentiments. Against this backdrop, Industria de Diseño Textil (IDEXY), International General Insurance Holdings (IGIC), and Information Services Group (III), with noteworthy fundamentals, could be added to your portfolio for stability. Read on….

Wales Online

Cardiff Council paid out hundreds of thousands in compensation over the state of its roads and pavements

The biggest single amount the council had been forced to pay out in the last year was £20,000

WEKU

Insurance Information Institute: flood insurance rates will not quadruple for eastern Kentucky resid

An article in the New York Times published earlier this week predicted flood insurance rates in flood-prone areas will soon quadruple. Mark Friedlander, the Director of Corporate Communications at the Insurance Information Institute, said that will not happen ...

Wales Online

44% of people don't have pet insurance in cost of living crisis

The average cost of illness or accident can be almost £900

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