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The Latest Breaking News from Insurance

Money stored in Venmo, other payment apps could be vulnerable, financial watchdog warns.

Customers of Venmo, PayPal and CashApp should not store their money for the long term with these apps since their funds may not be covered by deposit insurance, the Consumer Financial Protection Bureau warned on Thursday

The Independent UK

Google Wallet gains new features like adding state IDs and digitizing physical passes

Google Wallet can now import tickets and passes from Google Messages. Users can add state IDs and any card with a barcode and QR code.

Android Central

3 Stocks to Add to Your Portfolio for Stability

Macroeconomic headwinds, like persistent inflation and rate hike fears, have dampened investor sentiments. Against this backdrop, Industria de Diseño Textil (IDEXY), International General Insurance Holdings (IGIC), and Information Services Group (III), with noteworthy fundamentals, could be added to your portfolio for stability. Read on….

StockNews.com

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Cardiff Council paid out hundreds of thousands in compensation over the state of its roads and pavements

The biggest single amount the council had been forced to pay out in the last year was £20,000

Wales Online

Insurance Information Institute: flood insurance rates will not quadruple for eastern Kentucky resid

An article in the New York Times published earlier this week predicted flood insurance rates in flood-prone areas will soon quadruple. Mark Friedlander, the Director of Corporate Communications at the Insurance Information Institute, said that will not happen ...

WEKU

44% of people don't have pet insurance in cost of living crisis

The average cost of illness or accident can be almost £900

Wales Online

New car insurance warning as some people paying monthly fork out an extra £300 a year

Monthly payers faced paying just under £757.60 typically compared to £455.49 for annual payers.

Daily Record

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Travel expert issues warning to holidaymakers after Manchester Airport delays

Many travellers won't be aware that airlines can't compensate them for security delays

Manchester Evening News

Retirement Planning with Life Insurance

An indexed universal life insurance policy can help you with tax mitigation and extra retirement income in addition to death benefits for your beneficiaries.

Kiplinger

New National Insurance, Tax Credits and fake HMRC refund scams to watch out for this month

HMRC has issued warnings over a number of new scams being reported.

Daily Record

China Moves Forward With Plan for Shanghai International Reinsurance Market

Financial regulatory agency issues detailed implementation rules for reinsurance exchange to be built in Lingang New Area

Caixin Global

Letters to The Editor — June 1, 2023

Readers’ mail to The Hindu’s Letters to the Editor

The Hindu

Combating fraud in the cost of living crisis with voice-based risk assessment technology

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

The Independent UK

What It Really Costs to Be Middle-Class

Is being middle-class worth it? You be the judge, but here’s what the numbers say.

Kiplinger

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The New Daily

Australians urged to review health insurance amid premium hikes

Millions of Australians are facing a hike in their health insurance premiums this week as the big players pass through price increases.

The Guardian - UK

First Thing: Debt ceiling deal clears first hurdle and advances for debate

The committee voted 7-6 to allow debate by the full chamber with expected vote on passage today. Plus, the downfall of Elizabeth Holmes

Kiplinger

What Is Indexed Universal Life Insurance and How Does It Work?

This permanent life insurance provides a death benefit to your beneficiaries but also offers a cash-value component that can grow over time.

The Guardian - UK

For some US residents, it is now impossible to get home insurance - and all because of the climate crisis

The rising incidence of wildfires means many Californians can no longer insure their property. It’s a sign of what’s ahead for the whole housing market, writes Arwa Mahdawi

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The Independent UK

Study uncovers lack of knowledge of state pensions

The most common misconception among workers was about National Insurance contributions.

ABC News

Extreme weather cost insurers almost $1bn in 2022, now small businesses face premium hikes

The Insurance Council of Australia says extreme weather events are helping to push up premiums. They are also pushing many small business owners in Queensland to the brink.

Ballotpedia

Proposed legislation would eliminate ESG in TSP pensions

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

The Hindu

Universal cover: On the IRDA’s all-in-one insurance policy

The Insurance Regulatory and Development Authority of India’s simple, all-in-one insurance policy seems to be its UPI-like moment

StockNews.com

A Look Into Clover Health (CLOV) and Humana (HUM): Are They Worth Investing In?

The medical industry thrives due to rising demand for healthcare products and services, fueling significant growth. Therefore, quality medical stock Humana (HUM) could be worth buying. However, considering its weak fundamentals, I think it will be best to wait for a better entry point in Clover Health Investments (CLOV). Read…

Daily Record

Rangers legend Ally McCoist says son lied to wife about being insured for car which hit pedestrian

Ally,60, told advocate Nick Ellis KC on Tuesday that he had repeatedly told 22-year-old Argyll throughout 2016 that he wasn’t legally entitled to drive an Audi A1 car.

The Hindu

Sustainability of State’s health insurance schemes in question

The two major health insurance schemes in the State – Ayushman Bharat-Karunya Arogya Suraksha Padhati (KASP) and MEDISEP (the medical insurance scheme for State government employees and pensioners) – are headed for a fiscal disaster. With huge cost overruns, the sustainability of these schemes in the long run is in…

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