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The Latest Breaking News from Insurance

Insurance scheme launched to protect chilli farmers in A.P. from price fluctuations

Pilot project unveiled at Guntur market yard

The Hindu

American Council Of Cannabis Medicine Forms Next Frontier Task Force

The American Council of Cannabis Medicine (ACCM) formed the Next Frontier Task Force. The task force is created to bring together stakeholders from medical cannabis, insurance and third party payers to facilitate expanded participation.

Benzinga

Rite Aid Shares Jump After Upbeat Annual Guidance

Rite Aid Corp (NYSE:RAD) has reported Q1 FY23 sales of 6.01 billion, down 2.4% Y/Y, beating the consensus of $5.75 billion. The company reported an EPS loss of $(0.60) compared to an income of $0.38 a year ago, driven by non-cash impairment charges and cycling prior-year COVID vaccination benefit. Retail Pharmacy Segment…

Benzinga

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Proposed insulin price cap poses test for Dems

A Senate deal to cap the cost of insulin at $35 a month for individuals with private insurance and Medicare poses a new test of whether Democrats can make good on campaign pledges to rein in drug costs, Axios' Adriel Bettelheim writes.

Axios

Exhausted US airport workers see hope in minimum wage bill as summer of travel chaos looms

Bill would raise the minimum wage for US airport workers at a time when the travel industry in the US is in a deep crisis

The Guardian - US

Couples opting for surrogacy to buy three-year health insurance for surrogate mothers: Govt

The Surrogacy (Regulation) Act, 2021 came into force on January 25 this year

The Hindu

Woman, 66, told she ‘doesn’t qualify’ for state pension due to National Insurance loophole

Mother missed out on National Insurance payments while raising five children

The Independent UK

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Northumberland family desperate to raise funds to bring scuba instructor home - 'nightmare' stroke and swimming pool accident left him stranded in US hospital

Gareth Crouth is in hospital in the States after suffering horrific injuries while visiting friends in Kentucky. Without insurance, it'll cost thousands to bring him home.

Chronicle Live

Prolonged Russia-Ukraine war shakes up global energy stability

The prolonged Russia-Ukraine war started in February and dragging on into the second quarter of 2022, has caused a hike in global crude oil prices to high levels. The average price of ICE Brent crude oil increased from 13.86 USD per barrel in the first quarter of 2022 to 111.63…

Bangkok Post

Nearly 60% Of Americans Approaching Retirement Plan To Work Longer: Survey

A new survey by Allianz Life Insurance Company of North America suggests a majority of Americans approaching retirement age are expecting to work beyond their traditional retirement age.

Benzinga

Earthquake insurance claims generate most complaints after COVID, floods emergency: AFCA

Victoria's September 22 earthquake is the third most complained about insurance event in the last year after COVID-19 and east coast flooding, according to the Australian Financial Complaints Authority.

ABC News

ZhongAn Moves Further Out of Parental Shadow as Tencent Cuts Stake

Key takeaways: • Tencent reduced its stake in ZhongAn to about 8% from 10%, less than six months after Alibaba-affiliated Ant Group also cut its stake in the online insurer • ZhongAn’s net profit more than doubled last year, as reliance on its parents for business has decreased

Benzinga

3 Stocks That Are Thriving With Higher Rates

Rising rates are a headwind for most stocks. However, for a handful, they are leading to an earnings boom,. Here are 3 stocks benefitting from higher rates: Humana (HUM), Everest RE (RE), and Silvercrest Asset Management (SAMG).

StockNews.com

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

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Tribune News Service

Mark Cuban’s pharmacy could have saved Medicare $3.6 billion, researchers find

Medicare could have saved $3.6 billion in a single year if it had bought generic drugs from Mark Cuban’s online pharmacy, according to a Harvard University report.

Tribune News Service

Senators release bill targeting insulin prices

WASHINGTON — Two key senators on Wednesday released a widely anticipated bill aimed at lowering insulin prices and capping monthly copays under commercial and Medicare insurance plans.

Nottingham Post

National Insurance tax cut calculator shows workers could save hundreds of pounds from July

The changes come into effect from Wednesday, July 6

Wales Online

National insurance: Why some people will have more money in their pay packets next month

It has been estimated that 30 million workers will benefit from the move

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Nottingham Post

Vehicle with no insurance seized as driver tells police 'I've only had my licence for five months'

A police team from Beeston seized the vehicle

WEKU

2 insurance companies end relationship with Maine agency after racist Juneteenth sign

An image of the racist sign was shared online Monday, gaining the attention of thousands across social media.

The Independent UK

Woman, 66, told she ‘doesn’t qualify’ for state pension due to National Insurance loophole

Mother missed out on National Insurance payments while raising five children

Chronicle Live

See how much extra money you'll get after National Insurance tax cut from July 6

The threshold at which people start paying National Insurance will increase, which means less of your income will be subject to National Insurance

Bristol Post

National Insurance tax cut from July 6 - use government tool to work out how much extra pay you'll get

Lower paid workers could save £330 over the course of a year

Irish Mirror

Thousands of Laya Healthcare customers to receive significant refund

The move comes after VHI and Irish Life also gave refunds earlier this year after fewer people claimed for procedures in public hospitals due to Covid-related overcrowding

Daily Mirror

Husband who pushed pregnant wife off cliff to cash in life insurance appeals sentence

Hakan Aysal, who lured his pregnant wife to a clifftop beauty spot for a selfie and then pushed her off, is now trying to appeal his 30-year prison sentence

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