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The Latest Breaking News from Insurance

OSFI's new guidelines: A step toward making banks and insurers more conscious of their climate impacts

After an extensive consultation process, the organization that supervises banks and large insurance companies in Canada — the Office of the Superintendent of Financial Institutions (OSFI) — has released guidelines for financial institutions to address climate change. This is timely, considering banks and insurers are massive funders of the fossil…

The Conversation

Janet Yellen says the U.S. is ready to protect depositors at small banks if required

The Treasury Secretary said the administration is committed to protecting the U.S. banking system and customers who trust their money to it.

WEKU

Safe as houses? Not if you can't get anyone to insure what's yours

I believe that we should start looking at home insurance as an essential service.

Newcastle Herald

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US studies ways to insure all bank deposits if crisis grows

U.S. officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis.

Tribune News Service

What does 'moral hazard' mean? A scholar of financial regulation explains why it's risky for the government to rescue banks

“Moral hazard” refers to the risks that someone or something becomes more inclined to take because they have reason to believe that an insurer will cover the costs of any damages.

The Conversation

Car Insurers Lack Data About EV Batteries, Repair, And Replacement

EVs are relatively new, and car insurance companies have questions. Meanwhile, if your EV's battery pack gets as much as a scratch, they may want it replaced.

InsideEVs

10 tips for taking your pet on holiday this summer

If you don't plan ahead, it would seem your family holiday could be over before it even begins

Wales Online

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It can cost more than £11,000 for new drivers to get on the road, says research

They added up the cost of lessons, a car, insurance and other expenses

Wales Online

Could the banking turmoil affect you? 5 ways it might

There are possible consequences for regular people, small businesses and the economy.

WEKU

Medicaid renewals are starting. Those who don't reenroll could get kicked off

With a pandemic-era rule expiring this month, people on Medicaid will have to re-qualify to keep their coverage. Language barriers, housing instability and computer literacy could stand in their way.

WEKU

New State Pension payments may be less than older people retiring this year expect

Key facts about State Pension payments everyone nearing retirement age should know.

Daily Record

The Most Popular Car Insurance Companies 2023

These are the most popular car insurance companies on the market

Kiplinger

The Best Places to Retire in the World

When it comes to the best places to retire in the world, which country is at the top of the list? And where does the U.S. feature on the leaderboard? We investigate.

Kiplinger

Lawmakers float ways to recapture deposit insurance discipline - Roll Call

The size of deposits covered by federal bank rescues has lawmakers talking about the discipline of a cap on deposit insurance.

Roll Call

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Salon

Ga. county spent $1M to deny gender care

Officials have spent over $1 million to avoid paying about $10,000 per year

Belfast Live

Recent motorcycle racing crisis a 'wake-up call' says MLA

A revised insurance deal was agreed last week to allow events including the North West 200 to take place in 2023

Chicago Sun-Times

Medicaid coverage for millions ends this year; if you’re one of them, here’s how to shop for new insurance

Shopping for affordable insurance that covers regular doctors and prescriptions can be daunting, figuring out the choices and subsidies to help pay for them. Here’s help.

Evening Standard

Flood victims need urgent help, council leaders tell Therese Coffey

Residents suffer “direct financial and mental health” problems

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Evening Standard

Why Haringey Council erected “a fortress” and drafted in 16 guards around a 120-year-old plane tree

The case highlights “home insurers’ use of loopholes in the law” says local group Haringey Tree Protectors, who are suspicious of subsidence claims

Tribune News Service

US banks on bumpy path as First Republic’s troubles persist

Just weeks ago, they were bit players in the giant U.S. banking system. Now, a handful of regional lenders are at the heart of a crisis that’s shaken the country and engaged the likes of Warren Buffett and Jamie Dimon.

The Conversation

What is the National Cybersecurity Strategy? A cybersecurity expert explains what it is and what the Biden administration has changed

The Biden administration released its first National Cybersecurity Strategy on March 2, 2023. The last version was issued in 2018 during the Trump administration.

Fortune

Coinbase offered $3.3 billion backstop to Circle as USDC teetered

In the hours before regulators expanded FDIC insurance, Coinbase and Circle came up with a backstop plan of their own.

IT Pro

Latitude hack now under state investigation as customers struggle to protect their accounts

Latitude Financial has revealed that a cyber attack that hit the company last week is now under investigation by the Australian Federal Police (AFP). The company said on 16 March that it had detected unusual activity on its systems. Today, it confirmed that the activity is a sophisticated and malicious…

Daily Mirror

Monster 6ft shark rips massive chunk out of diving instructor's arm during mauling

Zack Winegardner was airlifted to Jackson South Medical Centre in Miami after a 6ft-long bull shark 'appeared out of nowhere' and sunk its razor-sharp teeth into his right arm

Foreign Policy

Insurance Agencies Would Love to Know Who Blew Up Nord Stream

An era of gray zone warfare and sabotage creates tough financial questions.

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