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The Latest Breaking News from Insurance

US jobless claims fall slightly, remain near five-month high

Applications for U.S. unemployment insurance fell, though remained near January levels, suggesting that labor market conditions are moderating.

Tribune News Service

Liz Weston: 3 lessons I wish I’d learned sooner about travel

Experience may be the best teacher, but I wish I’d learned the following strategies before I became an unwitting student

The Independent UK

Ten money changes happening in July including £650 payment and National Insurance update

We explain everything you need to know about all the financial changes coming up in July - including updates to the National Insurance threshold and the start of cost of living payments worth £650

Daily Mirror

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Cyclone Reinsurance Pool won't deliver savings it promised, government warns

A Morrison government promise to halve the soaring cost of home and strata insurance in northern Australia won't be met, according to modelling publicly released by the new federal government.

ABC News

TLI initial public offering marks full subscription

Thai Life Insurance's (TLI) initial share allotment from Financial Syrus Securities (FSS) was fully subscribed on its first day yesterday in the region's largest initial public offering (IPO) by an insurance firm since 2000.

Bangkok Post

RBC Capital Cuts Verisk Analytics Price Target By ~8%

RBC Capital analyst Ashish Sabadra lowered the price target for Verisk Analytics, Inc. (NASDAQ:VRSK) to $210 from $227 while maintaining the Outperform rating on the shares. The analyst expects 2Q22 revenues modestly below consensus as the tailwinds from strong insurance premium growth, international travel, and a potential uptick in auto insurance are more than offset…

Benzinga

Determining of embedded value likely to be completed by July 15: LIC

NEW DELHI: Insurance behemoth Life Insurance Corporation on Wednesday said the exercise of determining its embedded value as of March 2022 is on' and is likely to be completed by July 15.

The Times of India

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Swiss Re GBS, IIRM to collaborate

HYDERABAD

The Hindu

UK maritime insurers to play key role in slowing Putin’s oil money

Lack of shipping insurance would hamper Russian oil deliveries to non-Western countries

The Independent UK

Insurance Stocks Moving In Wednesday's Intraday Session

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

Benzinga

Paychex Tops Q4 Aided By Segmental Growth; Issues Upbeat Outlook

Paychex, Inc (NASDAQ:PAYX) reported fourth-quarter FY22 revenue growth of 11% year-on-year to $1.14 billion, beating the consensus of $1.11 billion. Total service revenue grew 11% Y/Y to $1.13 billion. Segments: Management Solutions revenue grew 12% Y/Y to $845.3 million. PEO and Insurance Solutions' revenue rose 10% Y/Y to $284.3 million. The operating margin remained…

Benzinga

Boris Johnson tax cut: When does the national insurance threshold increase and who will it be benefit?

The increase in the threshold will benefit around 30 million people, according to the HM Treasury

Evening Standard

US insurance giant Gallagher swoops for Teesside's Erimus Group

The New York Stock Exchange listed group is building its North East presence with the Stockton acquisition

Birmingham Post

Drivers warned of common mistakes that could be increasing their car insurance prices

The cost of living is rising and with the likes of energy and shopping bills rising as well as the cost of petrol, motorists will want to save as much money as they can.

Edinburgh Live

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StockNews.com

Should Lemonade Be in Your Portfolio This Summer?

Although insurance companies benefit from rising interest rates, Lemonade (LMND) failed to surpass the consensus EPS estimate in the last reported quarter. Analysts expect its EPS to remain negative in fiscal 2022 and 2023. So, will LMND be able to turn around in this rising interest rate environment? Read on…

Bangkok Post

Govt to end special insurance coverage for Covid-19 patients

Medical services for Covid-19 patients must be paid for by their own or by pre-existing health insurance schemes after Thailand enters a post-pandemic stage on July 1, the government said.

The Independent UK

Thailand to relax onerous travel restrictions

‘Thailand pass’ and mandatory health insurance to be scrapped

Nottingham Post

Most workers will see increase in pay from next month - how to estimate how much extra you'll get

Welcome news as the cost of living crisis continues to bite

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ABC News

Cottesloe residents must pay for permits for swings and slides on front verges

A council in Perth's wealthy western suburbs has voted to charge residents for permits to place play equipment on their verges in a move slammed by the local government minister as "absolute madness".

Bangkok Post

Krungthai-AXA Life pledges commitment to green future

For a life insurance business, climate change is a medium-to-long-term risk with a complex quantification of impacts on various human activities. A strategy adopted by Krungthai-AXA Life Insurance (KTAXA), under the multinational insurance group AXA, is not only to adapt, but also to take advantage of its resource and expertise…

Birmingham Post

Insurance broker Dallas Scott Davey moves Lincoln office to Barclays Eagle Labs office hub

'In a short space of time we’ve quickly established a strong client base across a wide area'

The Times of India

Everything you wanted to know about wedding insurance

Indians are all about extravagance. It has always been represented in our culture, mythology, ethos, style, and dressing sense. We are loud and proud about it. It is also reflected in the way we celebrate our weddings and probably the reason why ‘The Big Fat Indian Wedding’ is everyone’s favorite.…

The Times of India

Special drive in Uttar Pradesh to boost crop insurance for farmers

LUCKNOW: In a bid to provide insurance coverage to farmers against the potential crop damages, the state government has decided to carry out a special drive for the purpose during the first week of July.

Ballotpedia

U.S. weekly unemployment insurance claims fall to 229,000

New applications for U.S. unemployment insurance benefits fell 2,000 for the week ending June 18 to a seasonally adjusted 229,000. The previous week’s figure was revised up from 229,000 to 231,000. The four-week moving average as of June 18 rose to 223,500 from a revised 219,000 as of the week…

The Guardian - UK

Global energy price cap: market manipulation whose time has come?

Analysis: It may sound like Marxism, but the proposal aimed at taming prices and cutting Putin’s funds came from the G7

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