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The Latest Breaking News from Insurance

Hundreds of thousands of Florida children could lose health coverage with Medicaid cutbacks

FORT LAUDERDALE, Fla. — Marne Harvich of Orange Park runs a Facebook group for Florida parents like herself who count on Medicaid as health insurance for their children. Though Harvich and her husband work, their income doesn’t cover the high cost of medical care their daughter on a ventilator requires.

Tribune News Service

Consider yourself lucky if your small business worked with Silicon Valley Bank

Yes, there were some scary moments, it was poorly regulated and your bank failed to protect your money – but you got it back

The Guardian - US

Heartbreak of owner whose horse was spooked by Bristol balloons

Dressage star Dav suffered a serious injury during the balloon fiesta

Bristol Post

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Indigenous advocates plead to 'save sorry business'

The Save Sorry Business coalition is holding a "day of action" to call for help for the thousands of Indigenous people targeted by a failed funeral insurer.

AAP

Why this is the most important Six Nations in the history of Wales Women as World Cup lifeline on the table

Finishing third in the 2023 Women's Six Nations would secure Wales a place in the top tier of the new WXV tournament and could act as a World Cup qualification insurance policy

Wales Online

Is Retirement in 2023 Still Possible?

Yes, it is, if you have a customized plan specific to your retirement. If you do, you’re in the minority, though, so here are some ways to develop that plan.

Kiplinger

Florida Legislature moving quickly on DeSantis priorities

From expanding gun rights to going after “woke” investors, the Florida Legislature is quickly moving on a list of bills that will give Republican Gov. Ron DeSantis conservative-pleasing policy successes as he prepares to launch a presidential campaign

The Independent UK

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11 Most Common Types of Car Insurance: Which Coverage Do You Actually Need?

These 11 types of car insurance can help cover everything from minor repairs to buying a new car. But which types do you really need?

Kiplinger

Life insurance and pensions giant Aegon buys into ID verification specialist GB Group

Aegon is headquartered in The Hague and can trace its roots back to 1844

Birmingham Post

Commentary: The Fed just raised interest rates. Does that mean there is no banking crisis?

Do we have a banking crisis in the United States or don’t we?

Los Angeles Times

State public option plans keep hitting obstacles

State efforts to control health costs through public options are stalling in the face of resistance from providers and lackluster enrollment.

Axios

SET upbeat after Fed hikes rates

The Thai stock market traded higher on Thursday, bucking overnight drops on Wall Street as most regional bourses were sanguine following Federal Reserve hints that further tightening is possible, while Treasury Secretary Janet Yellen said there is no plan for "blanket" deposit insurance.

Bangkok Post

Insurer wins court fight over refusal to pay for Second World War bomb damage

Bomb dropped in 1942 was nicknamed 'the Hermann'

Birmingham Post

More than half a million phonecalls to DWP this month about boosting State Pension payments before deadline

People have until the end of July to plug gaps in their National Insurance record going back to 2006.

Daily Record

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Newslaundry

Mounting debt, dip in quality: As rain leaves crops damaged, Rajasthan farmers face double whammy

“It was his last harvest,” said Ramesh, referring to his relative Prithviraj Berwa, who died by suicide last week after his crop was damaged in Rajasthan’s Bundi district – in untimely rain which lashed north India over the last few days.

StockNews.com

3 Stocks You Shouldn’t Hesitate to Buy Despite Rising Recession Risks

The bank failures and the Fed’s monetary tightening have increased the risk of a recession later this year. This is expected to keep the stock market under pressure. Amid this uncertainty, it could be wise to buy and hold fundamentally strong stocks Oracle (ORCL), CVS Health (CVS), and Humana (HUM)…

Fortune

‘Gerbil banking’ preceded the Great Depression. We’re seeing it again today

Big banks are attracting more deposits–and putting money back into failing banks. A similar system existed in the run-up to the Great Depression.

The Guardian - UK

Lloyd’s of London swings to loss after £21bn of claims including Hurricane Ian and Ukraine

World’s biggest insurance market reports pre-tax deficit of £769m for 2022 after profit of £2.3bn in 2021

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The Guardian - UK

Hurst: The First and Only review – misty-eyed football doc reveals the man behind the hat-trick

While too much time is spent on 1966 and all that Matthew Lorenzo’s profile draws out a hitherto unseen vulnerable side to the striker turned insurance salesman

Salon

Climate change could spur huge losses

White House economists warned that rising temperatures threaten infrastructure, insurance programs and human health

Fortune

Silicon Valley Bank might have just blown up a banking regulation that was put in place at the depths of the Great Depression

Why deposit insurance matters: Without it, America's press secretary had to put his money under a mattress in the 1930s.

ABC News

Non-verbal young boy in state care can't access $27,000 of his NDIS funding, grandmother says

Four-year-old Noah was born with profound deafness and has no verbal language. Since entering state care two years ago, he has no longer been able to access his NDIS funding, his grandmother says.

The Independent UK

Insurer wins court fight over refusal to pay for Second World War bomb damage

Allianz won its case against the University of Exeter at the High Court.

Fortune

Homeowners insurance vs. hazard insurance: what you need to protect your home

Homeowners insurance provides holistic coverage, while hazard insurance focuses on your homes structure.

Ballotpedia

U.S. weekly unemployment insurance claims fall to 192,000

New applications for U.S. unemployment insurance benefits fell 20,000 for the week ending March 11 to a seasonally adjusted 192,000. The previous week’s figure was revised up from 211,000 to 212,000. The four-week moving average as of March 11 fell to 196,500 from a revised 197,250 as of the week…

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