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The Latest Breaking News from Insurance

Hurricanes are intensifying more rapidly – and the most vulnerable communities are hit hardest

Hurricanes are more frequently escalating quickly, and the places they destroy may be those disadvantaged by racist housing policy

The Guardian - US

Income tax likely to go up if national insurance scrapped, Hunt suggests

Labour says chancellor’s ambition to eventually abolish NI would cost £46bn a year, and party questions how move would be paid for

The Guardian - UK

UK politics: Sunak refuses to say how abolition of national insurance would be funded – as it happened

PM says ‘people trust me on these things’ and refuses to be drawn on whether government would forgo entire £46bn raised from measure

The Guardian - UK

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Hunt’s £20 billion Budget shortfall leaves scrapping national insurance for the birds, warns the IFS

Top economist Paul Johnson says both Tories and Labour need to be more transparent about painful choices ahead

Evening Standard

Lexington’s fire department recognized with international accreditation

It is one of only seven departments to earn both international accredited agency status while holding a class one ranking from the insurance services organization.

WEKU

Budget 2024: UK taxes head for highest level since 1948 despite Hunt’s NI cut

Borrowing and stealth taxes fund £14bn giveaway, but public spending squeeze looms after election

The Guardian - UK

Chancellor to raise UK government borrowing to fund budget measures – OBR

Office for Budget Responsibility says national insurance and tax cuts will be paid for by average £8bn-a-year borrowing to 2028-29

The Guardian - UK

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‘It won’t shift the polls’: Tory MPs rue budget that lacked pre-election pizzazz

Headline cut to national insurance rate echoes measure taken in autumn statement, which made little impact on voters

The Guardian - UK

Dexter-inspired New York man convicted of killing and dismembering woman

Cory Martin watched show about serial killer to help plan killing of woman on whom he took out a life insurance policy

The Guardian - US

‘It’s not enough’: voters in Hartlepool unimpressed by budget – and Tories

People in ‘red wall’ town that elected a Conservative MP in 2021 do not expect to feel benefit of budget measures amid cost of living worries

The Guardian - UK

Budget 2024: what it means for people on a range of incomes

How Hunt’s measures on tax, NI and benefits affect single people, couples and those receiving pensions in England, Wales and Northern Ireland

The Guardian - UK

Australia Regulator Urges Insurers To Enhance Claim Practices

Australia's regulator calls for insurers to improve claim practices for better consumer trust and protection.

Top News

How cyber insurance is shaping ransomware risk mitigation

Recent findings forecast the cost of cybercrime worldwide will amount to $13.8 trillion by 2028.

TechRadar

Insurance giant Fidelity hit by data breach — thousands of customers may have had data stolen

Fidelity data was taken after an attack on Infosys that happened late in 2023.

TechRadar

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Evening Standard

Budget key points: What did Jeremy Hunt announce?

A National Insurance Cut and ‘British ISA’ were among the headline measures

The Guardian - UK

National insurance: how much better off will the 2p cut leave workers?

Jeremy Hunt said his budget measure will benefit 27 million people – here’s how it will work

The Guardian - UK

Budget 2024: Hunt gambles with highest tax burden since second world war

Chancellor’s £10bn national insurance cut funded by scrapping ‘non-dom’ tax breaks is final major economic intervention before election

Evening Standard

Budget 2024 LIVE: Chancellor has ‘national credit card maxed out’ amid 70-year high tax burden, Labour says

Sir Keir Starmer has rubbished Jeremy Hunt’s spring Budget as the “last desperate act” of the “failed” Conservatives as he says the UK is shouldering the highest tax burden in 70 years.

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Kiplinger

How Autoworkers Can Navigate the Transition to Retirement

Autoworkers retiring today may rely more on 401(k) savings than the traditional pensions of the past. Careful planning is critical.

The Guardian - UK

Budget 2024 live: Jeremy Hunt cuts national insurance, abolishes non-dom status and raises child benefit threshold – as it happened

NI cut of 2p announced, along with new tax on vapes, end of tax relief for holiday lettings and more cash for NHS IT system

The Guardian - UK

UK housebuilding slump eases; Treasury to regulate ESG ratings – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Wednesday briefing: What’s in Hunt’s spring budget – and how will he pay for it?

In today’s newsletter: As the chancellor presents a plan aimed at satisfying the Tory faithful, we look at what he will do and what it will mean for you

The Guardian - UK

What to expect from Jeremy Hunt’s spring budget

The chancellor’s biggest giveaway is likely to be a further cut to national insurance contributions

AAP

More deposit bailout cash after home builder collapse

Victorian taxpayers will again come to the rescue of customers who lost their home deposit after the builder went belly up.

The Guardian - UK

Jeremy Hunt defies public services alarm with pre-election budget tax cuts

Chancellor set to cut 2p off national insurance but some Tories say more is needed to bolster election chances

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