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The Latest Breaking News from Insurance

LIC keen to re-enter mediclaim segment, awaiting regulatory clarity: Chairman

Recently, the new IRDAI Chairman Debasish Panda had said it was time life insurers re-entered the health vertical

The Hindu

The Next Farm Bill Will Probably Stink Worse and Cost More

Asking America's agriculture industry to stand on its own two feet remains a third rail in American politics.

Reason

Navi Mumbai: Senior citizen duped of Rs 33 lakh online in insurance fraud

NAVI MUMBAI: Nerul police on Thursday booked three cyber fraudsters for duping a 60-year-old man of Rs 33.25 lakh by posing as insurance company representatives. Accused Ankit Sharma, Jayesh Sharma and Divya have been booked under section 66(c) and 66(d) of IT Act.

The Times of India

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Insurance rates climb from fires, COVID, inflation, worker shortage

Inflation, a labor shortage, effects from the lingering COVID pandemic and increasingly devastating fires are boosting the cost of insurance for homes, cars and businesses.

Tribune News Service

IAG returns to profit despite perils blow

Insurance giant IAG made a $347 million full-year profit in the 12 months to June 30, beating expectations despite blowing out its natural perils allowance.

AAP

Judge revokes bond for Alex Murdaugh associate Smith

A judge has revoked house arrest for the man who authorities say agreed to kill disgraced South Carolina attorney Alex Murdaugh so he could get a life insurance settlement for Murdaugh’s son but only grazed his head

The Independent UK

Health insurance broker GoHealth laying off 800

The cuts include 100 jobs in Chicago and represent about 20% of the company workforce.

Chicago Sun-Times

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US jobless claims rise again, near highest since November

Applications for U.S. unemployment insurance rose for a second week and held near the highest level since November, indicating continued moderation in the labor market.

Tribune News Service

People claiming Carer’s Allowance may be able to earn more than £132 weekly threshold and still keep benefit

The weekly limit is designed to allow carers to combine their caring responsibilities with some paid work.

Daily Record

British student paraylsed in bison attack could be stranded in US ‘over insurance’

Family given ‘gutting’ ultimatum as they fight to save daughter’s leg

The Independent UK

Mia Dean: British teen attacked by bison in US faces travel insurance conundrum

Mia Dean must decide whether to fly home in an air ambulance this weekend, or carry on without insurance funding

Evening Standard

Gujarat woman paints dead cow to claim insurance

1/10 - The owner had painted the cow's head black to pass it off as insured animal 2/10 - But white spots of skin showed through the pigment, giving the game away 3/10 - The claim was made by Ratanben Bhutadia of Memadpura village in Banaskantha 4/10 - National Insurance…

The Times of India

Scottish driver jumped into backseat during police chase as car veered off road

Colin Gillies admitted that on July 10, 2022, on the M90 near Rosyth he drove a car as a holder of a provisional licence without being accompanied by a qualified driver or displaying 'L' plates and that he drove without insurance.

Edinburgh Live

Don't mess with federal crop insurance, farmers say. Others aren't so sure

From field hearings in Morton buildings to sweet corn feeds at county fairs, farmers have been practicing a refrain this summer: Hands off the federal crop insurance program.

Tribune News Service

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The Times of India

Mumbai: Insurance companies to pay Rs 3 crore in 2016 road accident case

MUMBAI: In one of the highest payouts in an accident claims case, a Motor Accident Claims Tribunal ordered two insurance companies to pay a compensation of around Rs 3 crore to the Bhandup-based 65-year-old woman, mother of a Kotak Mahindra Bank Ltd executive who died after a car rammed into…

Tribune News Service

Beto O’Rourke says Republican Gov. Greg Abbott unable to lead Texas

CLEBURNE, Texas — Beto O’Rourke on Wednesday said incumbent Republican Gov. Greg Abbott is incapable of solving Texas’ lingering problems, including curbing gun violence, fixing the power grid and providing affordable health insurance for all Texans.

Daily Mirror

Brit teen paralysed after being gored by bison 'stranded in USA' over health insurance

Amelia Dean, 19, has been left paralysed after a 300kg bison pierced her leg during a horror attack, while her worried family have been left with two choices as her health insurance plans to withdraw support

The Hindu

Insurance employees oppose move to privatise Postal Department

Expressing their solidarity, they stage protest at Buckinghampet Post Office

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Ballotpedia

Massachusetts voters will decide on two ballot initiatives this fall related to retail alcohol licensing and dental insurance

The Massachusetts Secretary of State completed the signature verification process for the second round of signatures submitted by campaigns for two ballot initiatives.

The Independent UK

What Medicare Part A’s belly-up date means for you

At its current pace, Medicare’s Hospital Insurance trust fund will run out of money in 2028, according to the latest Medicare trustees report

Wales Online

Where across the UK EVs are most popular

Retirees are the most likely to be looking at a swap

The Independent UK

Fire and subsidence claims will rise due to extreme temperatures, says insurer

August could see a spike in subsidence claims, LV= General Insurance said.

The Independent UK

Security firm finds flaws in Indian online insurance broker

A cybersecurity firm informed a major Indian online insurance brokerage last month that critical vulnerabilities in its network could expose sensitive personal and financial data from at least 11 million customers

Birmingham Post

Admiral records solid interim profits and customer growth despite inflationary environment

Its 6.94m UK insurance customers were up 12% on the first half of 2021

Evening Standard

FTSE 100 insurers eye simpler, more affordable policies as inflation sets in

Aviva and Admiral both expect ‘essential’ insurance ranges to grow in popularity during cost-of-living crisis

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