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The Latest Breaking News from Insurance

State mismanagement let unemployment insurance fraud run rampant

The recent report by the state’s auditor general makes it clear that the Illinois Department of Employment Security was negligent and incompetent in performing its duties.

Chicago Sun-Times

How Specially Designed Life Insurance Can Provide Flexibility for High-Income Earners

A high cash value life insurance policy can facilitate tax-advantaged growth that standard retirement accounts may not be able to match. Here’s how it works.

Kiplinger

More evidence that car insurance pricing in Illinois is biased against the poor

A new study backs up a Sun-Times Watchdogs report and comes as rates across the state continue to skyrocket. The study found that bad credit means you pay more for car insurance.

Chicago Sun-Times

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Why Business Owners Should Review Their Buy-Sell Agreements

A recent tax case now before the U.S. Supreme Court hasn’t gone well for a small business, highlighting the need for businesses using a similar (and typical) succession planning arrangement to take a look at theirs.

Kiplinger

What's next for Lori Vallow Daybell? More murder charges, in Arizona

Lori Vallow Daybell's previous husband was killed in Arizona months before her two youngest children were murdered in Idaho. Now, prosecutors are looking to extradite Vallow Daybell to Arizona.

WEKU

Berkshire Hathaway Inc. (BRK.B) vs. Fairfax Financial Holdings (FRFHF): Which Stock Should You Add to Your Watchlist This Month?

Despite macroeconomic uncertainties, the P&C insurance industry remained resilient and is poised for continued growth, driven by stable demand and rapid adoption of emerging technologies. Moreover, the sector benefits significantly from higher interest rates. So, let’s compare prominent insurance stocks Berkshire Hathaway (BRK.B) and Fairfax Financial (FRFH) to determine a…

StockNews.com

A wasted chance to fight addiction? Opioid settlement cash fills a local budget gap

State attorneys general vowed the funds would go toward tackling the addiction crisis. But as with the tobacco payouts of the 1990s, local officials have started using them to fill budget shortfalls.

WEKU

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East London fraudsters avoid jail after £300,000 car insurance scam

A pair of con artists who made more than £300,000 by selling fraudulent car insurance to over 900 unsuspecting motorists have avoided jail.

Evening Standard

With interest rates at historic highs, retirees might want to invest in a CD IRA to protect and grow their nest eggs

IRA CDs can help retirees protect their savings in multiple ways.

Fortune

CompScience Insurance Services Raises $10M In Series A Funding

Valor Equity Partners leads funding round for safety analytics firm merging AI with insurance incentives

Zenger

Jeweller who staged fake robbery to claim insurance arrested in Bengaluru

The Cottonpet police have arrested a 22-year-old jeweller who cooked up a story of 3.7 kg of gold jewellery being stolen to claim insurance of ₹2 crore, even as he had already sold the gold and earned the same amount.

The Hindu

IAU Ageas Federation Life Insurance 50km World Championship on November 5 in Hyderabad

marathon

The Hindu

How to Find Insurance Coverage in Disaster-Prone Areas

It can be difficult to find insurance in disaster-prone places, but these steps can help.

Kiplinger

Is Your Insurance Coverage Up to Date?

Costs are rising to repair or replace your most valuable assets. Make sure your home and vehicles are adequately insured.

Kiplinger

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The Independent UK

Holidaymakers to be offered travel insurance against extreme heat

Policies are already available for disruptive rainfall

The Independent UK

One in four GPs has private medical insurance amid worries about state of NHS – poll

Many of those GPs surveyed said that NHS wait lists were ‘too long’ and they were unable to take sick days.

Zenger

Hong Kong Insurance Broker Exposed For False Claims On Wealth And Assets

Calvin Lo's audacious lies about his fortune and possessions unravel after Forbes investigation.

Cycling News

Lotta Henttala: I did not hold on to the car

AG Insurance-Soudal-QuickStep says the race jury has damaged their reputation at the Tour de France Femmes

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Kiplinger

Moving to Florida? Arizona? Join the Crowd

Americans are moving to Florida, Arizona and disaster-prone counties across the country.

The Independent UK

‘Noah’s Ark’: The UK seed bank saving the future of wild plants

The Millennium Seed Bank in Wakehurst stores 2.4 billion seeds as insurance against global plant extinction

Fortune

What is FDIC insurance and how does it protect you?

If a bank fails, the FDIC has your back and protects your deposits.

Cycling News

Lotta Henttala disqualified from Tour de France Femmes

AG Insurance-Soudal-QuickStep DS Servais Knaven also excluded from the race

The Conversation

How new 'consumer duty' rules for financial products could reduce debt-related stress

New “consumer duty” rules introduced by the Financial Conduct Authority (FCA) aim to set clear standards for the protection of financial consumers. Banks, building societies, investment and insurance firms, as well as many other types of business, are being told to “put their customers’ needs first”.

The Texas Tribune

“Scared out of my mind”: A family scrambles after their disabled 3-year-old loses Medicaid

When Texas started scrubbing people from Medicaid after a three-year pause on removals during the pandemic, one family lost the insurance coverage that helped provide all treatments for their medically complex child.

Capital & Main

Americans With Health Insurance Are Increasingly Putting Off Important Medical Treatments They Can’t Afford

Health insurance CEOs pocket millions while citizens can’t pay the out-of-pocket.

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