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The Latest Breaking News from Insurance

RBC Capital Cuts Verisk Analytics Price Target By ~8%

RBC Capital analyst Ashish Sabadra lowered the price target for Verisk Analytics, Inc. (NASDAQ:VRSK) to $210 from $227 while maintaining the Outperform rating on the shares. The analyst expects 2Q22 revenues modestly below consensus as the tailwinds from strong insurance premium growth, international travel, and a potential uptick in auto insurance are more than offset…

Benzinga

Swiss Re GBS, IIRM to collaborate

HYDERABAD

The Hindu

UK maritime insurers to play key role in slowing Putin’s oil money

Lack of shipping insurance would hamper Russian oil deliveries to non-Western countries

The Independent UK

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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.

Benzinga

Paychex Tops Q4 Aided By Segmental Growth; Issues Upbeat Outlook

Paychex, Inc (NASDAQ:PAYX) reported fourth-quarter FY22 revenue growth of 11% year-on-year to $1.14 billion, beating the consensus of $1.11 billion. Total service revenue grew 11% Y/Y to $1.13 billion. Segments: Management Solutions revenue grew 12% Y/Y to $845.3 million. PEO and Insurance Solutions' revenue rose 10% Y/Y to $284.3 million. The operating margin remained…

Benzinga

Boris Johnson tax cut: When does the national insurance threshold increase and who will it be benefit?

The increase in the threshold will benefit around 30 million people, according to the HM Treasury

Evening Standard

US insurance giant Gallagher swoops for Teesside's Erimus Group

The New York Stock Exchange listed group is building its North East presence with the Stockton acquisition

Birmingham Post

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Drivers warned of common mistakes that could be increasing their car insurance prices

The cost of living is rising and with the likes of energy and shopping bills rising as well as the cost of petrol, motorists will want to save as much money as they can.

Edinburgh Live

Should Lemonade Be in Your Portfolio This Summer?

Although insurance companies benefit from rising interest rates, Lemonade (LMND) failed to surpass the consensus EPS estimate in the last reported quarter. Analysts expect its EPS to remain negative in fiscal 2022 and 2023. So, will LMND be able to turn around in this rising interest rate environment? Read on…

StockNews.com

Govt to end special insurance coverage for Covid-19 patients

Medical services for Covid-19 patients must be paid for by their own or by pre-existing health insurance schemes after Thailand enters a post-pandemic stage on July 1, the government said.

Bangkok Post

Thailand to relax onerous travel restrictions

‘Thailand pass’ and mandatory health insurance to be scrapped

The Independent UK

Most workers will see increase in pay from next month - how to estimate how much extra you'll get

Welcome news as the cost of living crisis continues to bite

Nottingham Post

Cottesloe residents must pay for permits for swings and slides on front verges

A council in Perth's wealthy western suburbs has voted to charge residents for permits to place play equipment on their verges in a move slammed by the local government minister as "absolute madness".

ABC News

Krungthai-AXA Life pledges commitment to green future

For a life insurance business, climate change is a medium-to-long-term risk with a complex quantification of impacts on various human activities. A strategy adopted by Krungthai-AXA Life Insurance (KTAXA), under the multinational insurance group AXA, is not only to adapt, but also to take advantage of its resource and expertise…

Bangkok Post

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Birmingham Post

Insurance broker Dallas Scott Davey moves Lincoln office to Barclays Eagle Labs office hub

'In a short space of time we’ve quickly established a strong client base across a wide area'

Ballotpedia

U.S. weekly unemployment insurance claims fall to 229,000

New applications for U.S. unemployment insurance benefits fell 2,000 for the week ending June 18 to a seasonally adjusted 229,000. The previous week’s figure was revised up from 229,000 to 231,000. The four-week moving average as of June 18 rose to 223,500 from a revised 219,000 as of the week…

The Guardian - UK

Global energy price cap: market manipulation whose time has come?

Analysis: It may sound like Marxism, but the proposal aimed at taming prices and cutting Putin’s funds came from the G7

Edinburgh Live

Edinburgh named Scotland's most expensive place to park amid soaring petrol prices

Edinburgh has been crowned Scotland's most expensive place to park after a study looked into he average cost of insurance, fuel, parking, tolls, repairs, servicing and road tax in major cities.

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The Conversation

Intensifying heat waves threaten South Asia’s struggling farmers – many of them women

Sitting in a semi-circle in the yard outside of a village school in Nepal, a group of farmers share their concerns about the future. They discuss how the rain is unreliable – droughts and floods are both becoming more common. The heat is overwhelming before the rains come.

Benzinga

EXCLUSIVE: Wejo, Ford Bond To Enable End-to-End Insurance Offerings

Wejo Group Limited (NASDAQ: WEJO) has collaborated with Ford Motor Company (NYSE: F) in Europe, which gives Wejo access to personalized connected vehicle data from Ford vehicles across the continent.

Manchester Evening News

How to get £40 off your car insurance with this new deal amid cost of living crisis

The new deal may just come in handy to save a few extra pennies each month amid the cost of living crisis

The Hindu

CPI(M) seeks input subsidy for groundnut farmers who lost crop

ANANTAPUR

AAP

Qld-NSW floods were 3rd costliest disaster

The unprecedented floods that swept through southeast Queensland and northern NSW earlier this year caused $4.8 billion in insured damages.

ABC News

Insurance bill for February floods reaches $4.8b, victims could wait years for repairs

New Insurance Council of Australia figures reveal the damage bill from February's flood disaster in Queensland and New South Wales has reached $4.8 billion with builders saying repairs will take up to two years.

Tribune News Service

California to become first state offering health care to all undocumented residents

California will become the first state to remove immigration status as a barrier to health care, making all low-income undocumented residents eligible for state-subsidized insurance regardless of age.

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