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The Latest Breaking News from Insurance

Black and Asian people still paying higher car insurance as watchdog accused of being ‘nowhere to be seen’

Citizens Advice reiterates concerns about 'worrying' link between ethnicity and insurance prices

The Independent UK

Martin Lewis gives warning on Good Morning Britain to everyone aged between 45 and 70

The Money Saving Expert says people must fill out gaps in their National Insurance contributions or face losing thousands of pounds

Chronicle Live

Worrying link between ethnicity and insurance costs persists – Citizens Advice

The Association of British Insurers said insurers never use ethnicity as a factor when setting prices and its members comply with the Equality Act.

The Independent UK

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Bipartisan group of senators offer clawback bill for bank failures

WASHINGTON — A bipartisan group of senators released draft legislation Wednesday that would claw back executive pay in the five years leading up to a bank’s failure, following President Joe Biden’s call on Congress to take action.

Tribune News Service

Bipartisan group of senators offer clawback bill for bank failures - Roll Call

Four senators from both parties released a draft bill to claw back executive compensation in the five years leading up to a bank failure.

Roll Call

How to protect your home–and your wallet–against natural disasters

Earthquakes, tornados, floods, and fires: Often, the less obvious risks cause the most damage to our homes.

Fortune

Karl W. Smith: Insurance for all bank deposits is a manageable cost

A group of conservative Republicans representatives known as the House Freedom Caucus came out last week against any proposal that would lift the cap on deposit insurance, currently set at $250,000. Members of U.S. Congress on both sides of the aisle are understandably cautious about taking such a dramatic step…

Tribune News Service

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DWP: The exact code to look out for when £301 cost of living payment comes in April

The first Cost of Living payment will land in those who are eligible's bank accounts from April 25 and the money should arrive by May 17

Daily Mirror

How to Protect Your Cash and Investments in a Banking Crisis

A focus on FDIC insurance and Treasury-only money market or bond fund options can help safeguard investments when a banking crisis threatens.

Kiplinger

Fed official says banking rules are under review in the wake of SVB failure

Michael Barr, the nation’s top banking regulator, said Silicon Valley Bank was warned in the fall of 2021 that its interest rate model was not ‘aligned with reality.’

Chicago Sun-Times

Colorado’s effort to mandate abortion coverage by insurance companies advances

DENVER — A Colorado bill that would require commercial insurance providers to cover abortions for patients without copays advanced through a House committee on Tuesday.

The Denver Post

U.S. weekly unemployment insurance claims fall to 191,000

New applications for U.S. unemployment insurance benefits fell 1,000 for the week ending March 18 to a seasonally adjusted 191,000. The previous week’s figure was unrevised at 192,000. The four-week moving average as of March 18 fell to 196,250 from an unrevised 196,500 as of the week ending March 11.

Ballotpedia

Study Reveals the Most Trusted Banks

A recent study reveals the top 15 most trusted banks, with one bank ranking as the most trusted for five consecutive years.

Kiplinger

As more Republican states expand Medicaid to all, Florida lawmakers focus on kids

Florida is unlikely to expand Medicaid this year, as North Carolina and other Republican states have done recently, but lawmakers are pushing measures they say will expand health care for more children from low-income families.

Tribune News Service

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The Guardian - UK

Gary Lineker wins battle with HMRC over £4.9m tax bill

Tribunal rules TV host has not failed to pay any tax or national insurance as IR35 rules do not apply to him

Irish Mirror

Irish drivers paying €300 a month to keep car on the road - and there's more fuel pain on the way

Fuel costs are the top concern when it comes to running a car

Axios

The quiet privatization of government health insurance programs

Medicare and Medicaid have become increasingly dominated by private plans.

WEKU

Pay up, kid? An ER's error sends a 4-year-old to collections

A Florida woman tried to dispute an emergency room bill, but the hospital and collection agency refused to talk to her — because it was her child's name on the bill, not hers.

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WEKU

After Hurricane Ian, Fort Myers Beach struggles to become 'a functional paradise'

Nearly every building on the barrier island in Southwest Florida was damaged or destroyed by Hurricane Ian's 15-foot storm surge. It's left the town with almost a clean slate for redevelopment.

Salon

Cigna docs reject claims without reading

“We literally click and submit,” one former company doctor said

Bangkok Post

BKI allocates B1bn to buy local shares

SET-listed Bangkok Insurance (BKI) has set aside 1 billion baht for its investment in Thai shares this year, with a focus on banking stocks that are projected to yield higher returns than last year as interest rates rise, says chairman Chai Sophonpanich.

Tribune News Service

FDIC grants First Citizens rare credit line for SVB

First Citizens BancShares Inc.’s acquisition of Silicon Valley Bank came with an unusual provision: a $70 billion line of credit, courtesy of the Federal Deposit Insurance Corp.

ABC News

Full Stop family violence counselling support hotline facing funding crisis, calls for federal government to intervene

The Full Stop hotline for victims of sexual, domestic and family violence is warning that without urgent federal funding, it will have to shut down.

Tribune News Service

Lawmakers open to Biden’s call to claw back SVB executive pay

WASHINGTON — President Joe Biden’s call for legislation that would allow regulators to claw back executive bonuses and stock sale proceeds in the lead up to the Silicon Valley Bank collapse has found a receptive audience on Capitol Hill.

InsideEVs

Tesla's Safety Score 2.0 Updates Make System More Fair For Insurance

Tesla's "Safety Score" helped determine which beta testers would get access to Full Self-Driving first, but it's also used for Tesla's insurance premiums.

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