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The Latest Breaking News from Insurance

Four people arrested for wearing a bear costume and faking an attack for insurance money

A search of one of the suspect’s homes uncovered a bear costume

The Independent UK

3 GARP Stocks Offering Strong Growth: Aptiv, Allstate, Barrick

GARP stocks Aptiv, Allstate, and Barrick blend growth potential and value and offer investors strong earnings outlooks and attractive PEG ratios.

MarketBeat

Merck Spends Up To $3.3 Billion In An Insurance Policy Against Summit Therapeutics

Merck is playing defense against Summit Therapeutics with a $3.3 billion licensing deal announced Thursday for a cancer drug.

Investors Business Daily

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Pictured: Bear Costume Used in Fake Attacks For Elaborate California Fraud Scheme

The suspects submitted the fake videos to insurance companies as part of their claims.

International Business Times

California Residents Faking Bear Attacks to Get Insurance Money Caught After Agents Noticed 'Bear' Was Just 'A Person In a Bear Costume': CDI

Multiple California residents have been arrested by law enforcement for allegedly fabricating bear attacks on their cars in order to receive insurance payouts, officials say.

Latin Times

California Residents Arrested For Insurance Fraud Involving Bear Costume

California uncovers insurance fraud involving fake bear damage to luxury cars. Scheme dubbed 'Operation Bear Claw' reveals individuals deceiving insurance ...

Top News

3 innovative ways to help countries hit by climate disasters, beyond a loss and damage fund

These days, it’s hard to escape news stories discussing how climate change is contributing to extreme weather disasters, including the recent U.S. hurricanes. Aid agencies are increasingly worried about the widespread damage.

The Conversation

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Minister says she understands pressures facing healthcare after NIC rise

Calls have been made for GPs, dentists, hospices and pharmacies to be exempt from the increase which was announced in last month’s Budget.

The Independent UK

Video: Suspects dress up as bears to fake car attack in insurance scam

Suspects allegedly dressed up as bears to carry out fake attacks on cars as part of an insurance scam.

The Independent UK

Aviva insurance premiums jump amid ongoing price rises

Insurers have been ramping up the cost of cover in recent years to counter soaring claims expenses.

The Independent UK

Abolish Obamacare

The Affordable Care Act has become a broken welfare program for people who don't need it.

Reason

ASIC’s lawsuit against Cbus has put the big super funds on notice

Does your superannuation fund also provide you with insurance? Many of us are automatically enrolled without even realising. Now, the way super funds handle such claims has been thrust into the spotlight.

The Conversation

We analyzed 40,000 M&A deals over 40 years. Here’s why 70-75% fail

Acquisitions appear in many cases to be tenure insurance for CEOs.

Fortune

What’s happening to the price of a pint?

Chancellor Rachel Reeves hiked employers’ national insurance rates and lowered the threshold at which they are paid

The Independent UK

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AAP

Climate change fuelling insurance cost-of-living crunch

More than two-thirds of parents are worried about rising insurance costs pushed higher by climate change.

Top News

Insurance Magnate Pleads Guilty In Billion Fraud Scheme

Greg E. Lindberg pleads guilty to billion insurance fraud scheme, facing up to 10 years in prison. His actions harmed policyholders and deceived regulators.

Latin Times

Insurance Company to Force Employees to Laugh More at Work by Installing Office 'Laughter Detectors' and Setting a Laugh 'Quota'

Baloise, an insurance company in Switzerland, brought in the laugh detector known as their "Chief LOL Officer" to get employees to laugh and to boost morale.

The Independent UK

‘Charity tax’ on lotteries will deny good causes £1 million a year, Reeves told

Britain’s 500 lottery fundraisers have new gambling levy could exacerbate problems caused by the national insurance hike

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The Guardian - AU

Jessica has private health insurance – but she will have to drive 150km to the Gold Coast to have her baby delivered privately

Australian women increasingly facing limited choices as private hospitals close maternity wards, obstetricians and gynaecologists warn

Evening Standard

Fuller’s latest to warn over price rises as it braces for £3m Budget hit

The pub group said the rise in employers’ National Insurance contributions will cost it £3 million with a further £5 million due in wage increases.

Kiplinger

Financial Planning Tips for Business Owners Raising Kids

BORKs face specific challenges that other business owners don't, so they need a different approach to their financial plans to ensure their family is protected.

Evening Standard

Streeting hints at help for health organisations hit by national insurance rise

Wes Streeting said he recognised the pressures that organisations which provided care outside the public sector were facing.

TechRadar

Tackling ransomware without banning ransom payments

The funding of cybercrime through the payment of ransomware demands by insurers needs to stop.

The Guardian - US

Police say missing Wisconsin kayaker faked death and possibly fled overseas

Investigators say Ryan Borgwardt took out $375,000 life insurance and was in contact with woman in Uzbekistan

Evening Standard

GP practices could be forced to close because of tax hike, Streeting warned

The combination of increases in national insurance contributions and higher wage bills could force or cuts or even closures, the BMA said.

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