The Latest Breaking News from Insurance

Floods, wildfires, heat waves and hurricanes cause billions of dollars of property damage each year. Can federal climate scientists help the insurance industry keep up?

After emergency surgery, an American expatriate now carries the baggage of a five-figure bill. Costs for medical care in the U.S. can be two to three times the rates in other developed countries.

Criminals are also using ‘advanced practices’ to overcome enhanced vehicle security systems, experts warn

The United States District Court for the Northern District of Texas on March 30, 2023, issued a ruling in Braidwood Management v. Becerra striking down a provision of the Affordable Care Act (ACA) that requires private health insurance plans to cover preventative healthcare services without patient cost-sharing. 

Families with young children and hospitals to benefit, while big businesses and property investors hit with new taxes

New applications for U.S. unemployment insurance benefits fell 22,000 for the week ending May 13 to a seasonally adjusted 242,000. The previous week’s figure was unrevised at 264,000. The four-week moving average as of May 13 fell to 244,250 from an unrevised 245,250 as of the week ending May 6.

Some 130,389 incidents of vehicles being stolen were recorded in 2022, according to AA Insurance Services analysis.

Drivers could have car insurance claims invalidated if they run common errands or park in the wrong place

Despite facing the brunt of the Fed’s aggressive interest rate hikes, the long-term prospects of the software industry look bright, thanks to rapid digitalization and growing dependency on tech-based solutions. Hence, investors could consider buying software stocks GoDaddy (GDDY), CSG Systems International (CSGS), and Sapiens International Corp. (SPNS). Read more….

Events of the past year have convinced more Florida homeowners of the need to carry flood insurance.

Ditching the stringent pandemic restrictions, resulting in a quick recovery of economic activities, China is well-positioned to remain buoyed in the foreseeable future. Given this backdrop, quality China stocks FinVolution Group (FINV), Waterdrop Inc. (WDH), and Viomi Technology (VIOT), trading under $5, could be solid buys now. Read on….