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The Latest Breaking News from Insurance

The budget sounded warnings of an NDIS 'blow out' – but also set aside funds to curb costs and boost productivity

In this week’s federal budget the costs of the National Disability Insurance Scheme (NDIS) have been revised upwards, with average forecast growth of 14% a year over the next decade.

The Conversation

Dubai Aerospace, with 19 jets stuck in Russia, sues 11 insurers in London

Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd's of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19 aircraft stuck in Russia.

Reuters

PTSD treatments could reduce cop suicides, help first responders, City Council member says

Ald. Anthony Napolitano wants three committees to hold a joint hearing to discuss at least two costly treatments for suicide prevention and treatment of Post-Traumatic Stress Disorder — treatments not now covered by city insurance.

Chicago Sun-Times

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5 New York City Fintech Startups To Watch

Fintech is the newest and fastest way to process and deliver financial services. Whether you know it or not, you probably use some kind of fintech application right now, like Zelle or Venmo.

Benzinga

Official: 2021 Colorado wildfire losses surpass $2 billion

A wildfire that destroyed nearly 1,100 homes and businesses in suburban Denver last winter caused more than $2 billion in losses, making it by far the costliest in Colorado history

The Independent UK

Insurance Stocks Moving In Thursday's Intraday Session

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

Benzinga

North East tech innovator Honcho collapsed with £4.87m deficiency, documents show

The company is being liquidated and its assets are being marketed for sale for the benefit of creditors

Birmingham Post

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Pa. health care providers and lawmakers face off in state Supreme Court case to decide Medicaid coverage for abortion

PHILADELPHIA — Pennsylvania's high court is weighing whether a state rule prohibiting low-income people from paying for abortions with state-funded health insurance violates their equal rights and discriminates against women.

The Philadelphia Inquirer

Medibank cyber-attack: should the health insurer pay a ransom for its customers’ data?

Speculation is rife about whether the insurer will pay a hacker who claims to have extracted 200GB of files

The Guardian - AU

Man who pushed pregnant wife off cliff moments after taking smiling selfie jailed

Hakan Aysal, 40, has been sentenced after luring his his seven-months-pregnant wife Semra Aysal, 32, to the edge of a cliff while on holiday so he could push her and cash in on her life insurance

Daily Mirror

Insurance claim handler shares simple driving hack to avoid traffic jams

His videos show how to cut right past queuing drivers safely and legally

Wales Online

Driver warning as 1.4 million wing mirrors are stolen - costing £1,200 to replace

Drivers have been urged to take caution after car part thefts are on the rise. Wing mirrors are proving to be the most popular car part that thieves will take according to new data.

Glasgow Live

Martin Lewis causes Government website to crash after issuing state pension advice

The MoneySavingExpert founder caused so many viewers of his ITV show to check how they can boost their State Pension that the website apparently crashed

Chronicle Live

Martin Lewis’s advice to check state pension entitlement crashes government website

Money Saving Expert founder shared links to pensions and national insurance areas of gov.uk website and caused it to crash

The Independent UK

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AAP

Cyber insurance too expensive for Medicare

Medibank's chief financial officer says cyber insurance wouldn't have saved it from taking a hit after a data breach that's affected all its customers.

The Conversation

NDIS plans rely on algorithms to judge need – the upcoming review should change that

NDIS Minister Bill Shorten has announced a review of the National Disability Insurance Scheme, amid claims of a cost blowout, heightened by budget forecasts.

Wales Online

'Crash for cash' gang tried to claim £50k after causing accident

The insurance company flagged the incident with police

Benzinga

Insurance Stocks Moving In Wednesday's Intraday Session

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

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news in one place.

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Chronicle Live

Martin Lewis issues pension warning with millions at risk of missing out on £5,000 boost

The finance man recently shared a little-known hack which could see you land an extra £5,000 in your bank account.

Daily Mirror

Gang of crooks deliberately caused pile-up on A1 in £50k 'crash for cash' insurance scam

The unsuspecting driver caught up in the £50,000 scam was left injured after the premeditated crash on the A1 in Hertfordshire

Chronicle Live

Sunderland danger driver clocked 130mph as he tried to flee police in girlfriend's BMW

Samuel Atkinson, of Sunderland, was driving his partner's car without permission or insurance when he panicked and tried to outrun police

The Independent UK

Where national insurance stands after a year of political chaos

Tax on earnings already amended three times in 2022

Daily Mirror

Rishi Sunak WON'T bring in National Insurance hike - in the immediate future at least

Number 10 today said the new Prime Minister does not intend to re-introduce a 1.25% rise in National Insurance rise, which was brought in to help the NHS and social care recover from Covid crisis

Daily Mirror

Martin Lewis fan gets £82,000 cheque from HMRC after following his advice

A state pensioner managed to get £82,000 back after being underpaid based on her husband's National Insurance contributions after following a tip from Martin Lewis

Daily Mirror

Ten money changes happening in November including £330 pay boost for workers

We round up ten financial changes you need to be aware of in November, as the cost of living crisis continues to squeeze household budgets and pile pressure on Brits

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