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The Latest Breaking News from Insurance

Cost of car insurance for young drivers soars by almost £600 in one year

Insurance now represents 63 per cent of the total costs young people pay to run a car

The Independent UK

The NDIS has a parent problem. Changes could involve parents more in disability support and reduce stress

The National Disability Insurance Scheme (NDIS) has seen increasing numbers of children with developmental delay or disability receive support within clinical settings. It’s also seen reduced support in other settings, including home and school.

The Conversation

Liz Weston: Why retirees may want to buy an immediate annuity now

When you purchase an immediate annuity, you’re paying a lump sum now in exchange for a stream of payments over a fixed period or for your lifetime

The Independent UK

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Insurance 'under pressure' from extreme weather events

Australia's top insurers are heading to Europe for talks to tackle a widening "protection gap" as more frequent severe weather brings a heavy toll worldwide.

AAP

Who really benefits from private health insurance rebates? Not people who need cover the most

The Australian government spends A$6.7 billion a year on private health insurance rebates. These rebates are the government’s contribution towards the costs of individuals’ premiums.

The Conversation

Free prescription discount cards from GoodRx — What’s the catch?

GoodRx’s prescription savings program offers significant discounts on prescription drugs, but not without some catches

The Independent UK

Uttar Pradesh Shocker: 3 brothers fight over insurance money received after mother's death; Youngest dead

The youngest of three brothers, identified as Ram Asrey (45), died in the fight. Read further on Dynamite News:

Dynamite News

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Weekly Must-Read: The Slow-Burning Insurance Crisis Unfolding in the Shadows

Despite government efforts to clean up the industry and improve oversight, the economic slowdown and a new risk-focused regulatory regime are adding to the problems

Caixin Global

UK economics professor has a few theories about skyrocketing auto insurance rates

The latest figures from the U.S. Bureau of Labor Statistics are almost enough to force folks off the road – a 19 percent increase in auto insurance rates. Dr. Aaron Yelowitz is an economics professor at the University of Kentucky’s Gatton College of Economics. He has a few theories about…

WEKU

Louisiana, 9 other states ask federal judge to block changes in National Flood Insurance Program

Attorneys for 10 states and some Louisiana local governments hope a federal judge will block a new system for calculating rates for federal flood insurance

The Independent UK

China Greenlights First Insurer’s Sales of Perpetual Bonds to Replenish Capital

The approval for Taikang Life could pave the way for other insurance firms to use the instrument to strengthen their balance sheets

Caixin Global

Investor's Toolkit: Leveraging Put Options for Portfolio Security

With the stock market looking fragile here, it might be time to look at buying some protection on stocks that we don't necessarily want to sell.

Barchart

The percentage of uninsured Texans in 2022 dropped to the lowest in a decade

Texas is still the state with the highest percentage of uninsured residents, at nearly 17 percent, according to the most recent U.S. Census Bureau survey released Thursday.

The Texas Tribune

Single parents face higher health insurance premium increases than other families, analysis shows

Consumer advocacy group Choice finds single parents face cost hikes of up to 70% when adding dependants while most two-parent families face no increase

The Guardian - AU

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The Independent UK

Motor and buildings insurance complaints to ombudsman hit five-year high

From April to June, the Financial Ombudsman Service received 3,869 complaints about car and motorcycle insurance and 1,776 buildings cover cases.

The Independent UK

What to know about renters insurance and what it does and doesn't cover

When natural or manmade disasters happen, renters insurance can mean the difference between catastrophe and stability

StockNews.com

A Closer Look at Berkshire Hathaway’s (BRK.B) Investment Appeal

As Warren Buffett's Berkshire Hathaway (BRK.B) continues its robust performance, surpassing the broader market, its market capitalization reaches an unprecedented high. Given this backdrop, let’s take a closer look at the conglomerate’s investment appeal at the current price level….

The Independent UK

Income too high for Medicaid? ‘Spend down’ to qualify

Making more than the maximum income level for Medicaid isn’t necessarily a deal breaker

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WEKU

4 reasons why your car insurance premium is soaring

The cost of car insurance has jumped more than 19% in the last year, far outpacing overall inflation. There are several reasons why that's happening.

The Hindu

No limit to loot; 47% people forced to give up insurance in 5 years: Kharge slams Centre

Congress targets Modi govt. over inflation as retail inflation eases to 6.83%. 47% of life insurance policy holders returned policies in 5 yrs. Inflation has made essentials like medicines & education expensive; only wealthy friends of PM Modi benefit. Poor suffer most.

The Guardian - AU

Cyclone Tracy caused $200m of damage. A repeat now would cost $7.4bn, Australian insurers say

The estimate exceeds $6bn paid out by insurers for Australia’s costliest disaster, the 2022 NSW and Queensland floods

The Conversation

With a pharmacare bill on the horizon, Big Pharma’s attack on single-payer drug coverage for Canadians needs a fact check

Health Minister Mark Holland announced in August that the federal government intends to introduce pharmacare legislation in the fall. Now the battle lines are being drawn.

Ballotpedia

U.S. weekly unemployment insurance claims fall to 216,000

New applications for U.S. unemployment insurance benefits fell 13,000 for the week ending September 2 to a seasonally adjusted 216,000. The previous week’s figure was revised up by 1,000 to 229,000. The four-week moving average as of September 2 fell 8,500 from the previous week’s revised average to 229,250.

The Hindu

Govt. doctors call for inspections to improve quality of care

Govt doctors' assoc urges State to form committee to study rationality of UG/PG progs to address specialist shortage. Demands health minister conduct inspections to improve care quality, not seek media coverage. Calls for addressing manpower shortage, displaying public stats, not expanding w/o recruiting, reviewing GO 354 & representation in insurance…

The Independent UK

Durham promoted to Division One of the LV= Insurance County Championship

Leicestershire failed to secure any batting bonus points in their game against Sussex and can no longer reach Durham’s points total.

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