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The Latest Breaking News from Insurance

Social Security insolvency seen coming a year earlier than before

WASHINGTON — The Social Security system’s retiree fund will be able to fully pay scheduled benefits until 2033, one year earlier than reported last year.

Tribune News Service

Judge’s decision would make some no-cost cancer screenings a thing of the past

A federal judge on Thursday overturned a portion of the Affordable Care Act that makes preventive services, such as some cancer screenings, free to enrollees, a decision that could affect health insurance policyholders nationwide.

Tribune News Service

Federal Court Strikes Down Obamacare Preventive Care Insurance Mandates

The ruling is based on separation of powers and Religious Freedom Restoration Act grounds.

Reason

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Social Security, Medicare funds face depletion within a decade - Roll Call

Social Security’s finances worsened over the past year while Medicare's improved slightly, according to government actuaries.

Roll Call

Community bank CEO: ‘Congress must raise the bank deposit insurance limit to $10 million’

Exception-based coverage signals to depositors that they might get some extra protection at a systemically important bank–and compounds risk.

Fortune

End of tax year: 7 things to check NOW that affect everything from savings to pensions

Unlike the traditional calendar year, the tax year doesn’t run from January to December - instead, it always starts on April 6 and ends on April 5 the following year

Daily Mirror

The Loss and Damage Fund: How can Indonesia use it to boost climate adaptation efforts

Climate finance was at the centre of The United Nations Climate Change Conference (COP27) in Egypt last year. For many, the highlight was the agreement to establish a fund to assist developing countries in responding to loss and damage associated with the adverse effects of climate change.

The Conversation

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Newport insurer acquired by US insurance giant

Welsh firm Acquis, Europe's leading specialist insurance provider for leased equipment, has been bought by NSM Insurance Group

Birmingham Post

Australians bracing for health insurance price hikes

More than a million Australians are set to face increased health insurance premiums, with HBF among the providers upping prices.

AAP

Cost-of-living challenge fuelling surge in bogus insurance claims – Zurich

The total value of fraud prevented across all lines of Zurich’s business was £71.5million, averaging around £195,890 per day.

The Independent UK

Kishida wants childbirth covered by public health insurance

Prime Minister Fumio Kishida wants to have childbirth expenses covered by public health insurance in the future, as part of efforts to create an environment that is more conducive to having children.

The Japan News/Yomiuri

Texas judge strikes major blow to ACA

Federal judge in Texas strikes down key Affordable Care Act provision regarding preventive care services

Salon

Federal judge in Texas strikes down key ACA provision regarding preventive care services

A federal judge in Texas found the appointment of the volunteer body issuing preventive care requirements, unlawful.

The Texas Tribune

Why BRP Isn’t Worth the Money Right Now?

Insurance company BRP Group (BRP) reported mixed financials for the fourth quarter amid significant turbulence in the economy. Considering the macroeconomic headwinds, the stock might be best avoided. Let’s discuss this in detail.

StockNews.com

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Kiplinger

How to Get Your Long-Term Care Planning on the Right Track

Many of us are not as prepared as we should be, but it’s not too late. Taking these steps today can get you started on planning for your long-term care.

Tribune News Service

Truly random drug testing: ADHD patients face uneven urine screens and, sometimes, stigma

Some adults who take prescription medication for attention-deficit/hyperactivity disorder are required to have their urine tested for drugs several times a year. Others never are tested.

The Independent UK

Black and Asian people still paying higher car insurance as watchdog accused of being ‘nowhere to be seen’

Citizens Advice reiterates concerns about 'worrying' link between ethnicity and insurance prices

Chronicle Live

Martin Lewis gives warning on Good Morning Britain to everyone aged between 45 and 70

The Money Saving Expert says people must fill out gaps in their National Insurance contributions or face losing thousands of pounds

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The Independent UK

Worrying link between ethnicity and insurance costs persists – Citizens Advice

The Association of British Insurers said insurers never use ethnicity as a factor when setting prices and its members comply with the Equality Act.

Tribune News Service

Bipartisan group of senators offer clawback bill for bank failures

WASHINGTON — A bipartisan group of senators released draft legislation Wednesday that would claw back executive pay in the five years leading up to a bank’s failure, following President Joe Biden’s call on Congress to take action.

Roll Call

Bipartisan group of senators offer clawback bill for bank failures - Roll Call

Four senators from both parties released a draft bill to claw back executive compensation in the five years leading up to a bank failure.

Fortune

How to protect your home–and your wallet–against natural disasters

Earthquakes, tornados, floods, and fires: Often, the less obvious risks cause the most damage to our homes.

Tribune News Service

Karl W. Smith: Insurance for all bank deposits is a manageable cost

A group of conservative Republicans representatives known as the House Freedom Caucus came out last week against any proposal that would lift the cap on deposit insurance, currently set at $250,000. Members of U.S. Congress on both sides of the aisle are understandably cautious about taking such a dramatic step…

Daily Mirror

DWP: The exact code to look out for when £301 cost of living payment comes in April

The first Cost of Living payment will land in those who are eligible's bank accounts from April 25 and the money should arrive by May 17

Kiplinger

How to Protect Your Cash and Investments in a Banking Crisis

A focus on FDIC insurance and Treasury-only money market or bond fund options can help safeguard investments when a banking crisis threatens.

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