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The Latest Breaking News from Insurance

Hurricanes in the Atlantic inflict $110 billion in losses this year

Hurricanes and tropical storms across the Atlantic caused about $110 billion in damages and losses this year, making it the most destructive season in five years, according to Munich Re, a German multinational insurance company.

Tribune News Service

Average insurance premium paid by motorists increases

Insurers have been finding it increasingly challenging to absorb rising costs, the Association of British Insurers said.

The Independent UK

State Intervention Is Needed to Protect Californians From Runaway Medical Bills

Rising premiums and co-pays next year could destabilize many already struggling with inflation.

Capital & Main

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Colorado wildfires are making it harder to insure homes. Could a publicly funded plan stave off an insurance crisis?

The increasing risk of wildfires in Colorado is driving insurance carriers to raise premiums on homeowners’ policies — if they decide to insure them at all — and now the state’s insurance chief is suggesting a publicly funded pool of money be established to provide property insurance for those who…

The Denver Post

Hurricane Ian soaked Floridians. Many don’t have the right insurance to cover damage

Florida’s homeowners shell out thousands, even tens of thousands, for property insurance to protect themselves from fierce storms like Hurricane Ian.

Miami Herald

Real estate Q&A: Can our lender add insurance policy cost to our monthly mortgage bill?

Q: Our mortgage was set up so that we directly pay the property taxes and insurance. Our insurance renewal bill went way up, and we did not have the funds to pay it, so it lapsed. Our lender must have found out because they bought an even more expensive policy…

Tribune News Service

Medical bills remain inaccessible for many visually impaired Americans

When health bills aren't legible — via large-print, Braille or other adaptive technology — blind patients can't know what they owe, and are too often sent to debt collections, an investigation finds.

WEKU

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Editorial: What is Florida’s plan for the next hurricane season?

Hurricane season officially ends this week. Thank goodness. Tampa Bay got lucky again — barely — but Hurricane Ian and then Nicole landed one-two punches on Florida and exposed different vulnerabilities.

Tribune News Service

Demand so high for Canberra's pill-testing service that 27 people were turned away ahead of Spilt Milk music festival

Billie* wasn't sure about the contents or purity of the MDMA she purchased, so she decided to see exactly what was in it. Hers was one of 106 samples tested at Australia's first fixed-site drug-testing service last week.

ABC News

Melbourne nabs title as the world’s ‘friendliest city’

An insurance company has named Melbourne the world's "friendliest city" after analysing data from 23 top visited locations.

The New Daily

Motor insurance policy fraud cases jump as households squeezed by living costs

Aviva is warning drivers to think twice if they are tempted to lie in an attempt to save money on their policy.

The Independent UK

The rise and fall of Sean Quinn - From leaving school at 15 to Ireland's richest man and prison

The business tycoon was flying high during the boom with many ventures but was bankrupt by 2011

Irish Mirror

Hazard-prone Brits take 21 unnecessary risks around the home each week

The top needless risks taken around the home include walking on a wet floor, leaving windows unlocked when going out, and leaving the mains water on while on holiday

Daily Mirror

Pritzker announces bipartisan deal with business and labor to pay off unemployment fund debt: ‘We can find common ground’

Pritzker announced the state had reached a deal via the agreed bill process to contribute $1.8 billion and add $450 million as an interest-free loan to the Unemployment Insurance Trust Fund. Lawmakers are in Springfield for the fall veto session — and changes to the massive criminal justice package…

Chicago Sun-Times

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AAP

Teen's body found, flood cost hits $12b

A 19-year-old man's body has been found in a NSW Riverina town, four days after he vanished while swimming in floodwaters.

Belfast Live

PSNI seize 44 uninsured vehicles in just week after campaign

It was part of a UK-wide operation

The Independent UK

Vet made records of fake pets to scam insurers out of thousands

Donal Johnston admitted all the charges against him and will be sanctioned at a later hearing

Ballotpedia

New York audit indicates over $11 billion in unemployment insurance was stolen during the coronavirus pandemic

The New York Division of State Government Accountability (DSGA) released the results of an audit of the state’s unemployment insurance system on November 15 that indicated over $11 billion were lost to fraud between April 2020 and March 2021.

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Ballotpedia

U.S. weekly unemployment insurance claims fall to 222,000

New applications for U.S. unemployment insurance benefits fell 4,000 for the week ending November 12 to a seasonally adjusted 222,000. The previous week’s figure was revised up from 225,000 to 226,000. The four-week moving average as of November 12 rose to 221,000 from a revised 219,000 as of the week…

Birmingham Post

Cornish Mutual invests in regenerative farming start-up

The investment is a first for the insurance firm which has said it is planning to increase its support for British farmers

Daily Mirror

Serial killer Peter Tobin hatched plan to take out life insurance then kill himself

Serial killer Peter Tobin, who died in jail last month after a battle with terminal cancer, phoned a financial consultant over life insurance in the 1980s and threatened to take his own life

Edinburgh Live

Peter Tobin hatched 'bizarre' plan to take out life insurance then kill himself

A financial consultant has told how he received a "hysterical" call from evil Tobin demanding to be given a policy, saying: "I've done something terrible - now I'm going to kill myself"

Bristol Post

Bristol leaseholders say 'potentially dangerous' cladding delay has left them 'stuck'

"All the time this goes on we're stuck, paying huge insurance premiums, and we can't move"

Daily Record

Peter Tobin hatched bizarre plan to take out life insurance then kill himself

Evil Tobin was serving a whole life sentence in Saughton prison for murdering Vicky Hamilton, 15, Dinah McNicol, 18, and 23-year-old Angelika Kluk when he died last month.

The Guardian - AU

Is it worth taking out personal cyber insurance in case you are caught up in a data hack?

Experts say investing in identity theft protection may provide peace of mind, but won’t help recover lost information

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