Extreme weather imperils homeowners ’ insurance
With insurance companies raising costs or refusing policies due to climate change, many Americans will feel a serious financial hit. “If you don’t want to listen to the scientists, that’s your prerogative,” says Jacob Bogage of the Washington Post. “If you don’t like certain politicians, that’s…#jacobbogage
Source: Reuters: Health - September 9, 2023 Category: Consumer Health News Source Type: news

Does Obamacare Explain Medicare ’s Spending Slowdown?
Readers offered theories of their own on a big budget mystery.
Source: NYT - September 9, 2023 Category: American Health Authors: Alicia Parlapiano and Margot Sanger-Katz Tags: Medicare Health Insurance and Managed Care Patient Protection and Affordable Care Act (2010) Federal Budget (US) Elderly Longevity Drugs (Pharmaceuticals) Source Type: news

Florida ' s mega-rich could pay $600K for annual home insurance in elite enclaves as the state is slammed with increasingly severe hurricanes
A waterfront home in Miami Beach's Star Island. Jeff Greenberg/Universal Images Group via Getty Images Insurance rates in Florida have tripled in recent years, according to Bloomberg. For the ultra-rich, insurance companies could sell five- to six- figure policies. The cost goes up as more people…#miamibeach #starisland #jeffgreenberg #universalimagesgroup #gettyimagesinsurance #florida #homeowners #diddy #jenniferlopez #kengriffin
Source: Reuters: Health - September 9, 2023 Category: Consumer Health News Source Type: news

FDIC says it should have supervised First Republic more closely
A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing Rights WASHINGTON, Sept 8 (Reuters) - The Federal Deposit Insurance Corp should have been more aggressive in policing First…#firstrepublicbank #midtownmanhattan #newyorkcity #mikesegar #fdic #firstrepublic #siliconvalleybank #jpmorganchase #svb #signaturebank
Source: Reuters: Health - September 9, 2023 Category: Consumer Health News Source Type: news

My Favorite Recession Indicator: The Next Recession Moves Further out of Sight
There will be a recession, there’s always a recession eventually. But we’ll just have to keep watching for it. We’ve been on a recession watch here ever since the Fed started hiking rates. Sharp increases in weekly claims for unemployment insurance benefits – especially “continued claims” – are…#goodtimes #labordepartment #recessions #greatrecession
Source: Reuters: Health - September 8, 2023 Category: Consumer Health News Source Type: news

Bankrupt AI Startup Vesttoo Accuses Founders of Forgery, Impersonation
The co-founders of Israeli artificial intelligence startup Vesttoo ran a forgery scheme that included a fake bank employee persona named “Alex Garcia” to obtain billions of dollars in bogus letters of credit for insurance deals, the now-bankrupt company said.#israeli #alexgarcia
Source: Reuters: Health - September 8, 2023 Category: Consumer Health News Source Type: news

FDIC Review Identifies Supervision Shortcomings in First Republic Bank ’s Failure
The Federal Deposit Insurance Corporation (FDIC) has identified supervision shortcomings around the failure of First Republic Bank. In an internal review released Friday (Sept. 8), the FDIC evaluated its supervision of First Republic Bank from 2018 until its failure in May. The review shed light…#fdic #firstrepublicbank #firstrepublicbanks #firstrepublics #jpmorgan #firstrepublic
Source: Reuters: Health - September 8, 2023 Category: Consumer Health News Source Type: news

Africa: Children Call on Leaders to Put Them First in Climate Action #AfricaClimateHope
[allAfrica] Nairobi, Kenya -- "We do not want adults to feel sorry for us. We want to be included in finding solutions," said Phillipa Cride Dole, a young climate activist and child advocate from Sierra Leone.
Source: AllAfrica News: Health and Medicine - September 8, 2023 Category: African Health Tags: Africa Banking and Insurance Economy, Business and Finance Children and Youth Climate Environment External Relations Health and Medicine Human Rights Investment International Organizations and Africa Land and Rural Issues Sustainab Source Type: news

Higher insurance costs for Hong Kong after Saola, black rainstorm damage claims
Wong said she expected a record-high number of claims from car owners, as well as owners of shopping centres and other properties. “Whenever a huge number of insurance claims are made for a natural catastrophe, the reinsurance companies will increase the charge for reinsurance with the direct…#winniewong #asiainsurance #hongkong #supertyphoonsaola #typhoonmangkhut #hkfi #templemallnorth #hongkongs #wongtaisin #linkassetmanagement
Source: Reuters: Health - September 8, 2023 Category: Consumer Health News Source Type: news

Sompo Japan Insurance president to resign over Bigmotor scandal
TOKYO -- Sompo Japan Insurance President Giichi Shirakawa has decided to step down over the company's handling of allegedly fraudulent insurance claims by major car dealer Bigmotor, Nikkei has learned. According to several sources, the decision will be put to parent company Sompo Holdings'…#tokyo #sompojapaninsurance #giichishirakawa #sompoholdings
Source: Reuters: Health - September 8, 2023 Category: Consumer Health News Source Type: news

Health-insurance costs are climbing at the steepest rate in years, with some projecting that the biggest increase in more than a decade will wallop businesses …
Health-insurance costs are climbing at the steepest rate in years, with some projecting the biggest increase in more than a decade will wallop businesses and their workers in 2024.
Source: Reuters: Health - September 8, 2023 Category: Consumer Health News Source Type: news

Guidewire (NYSE:GWRE) Posts Better-Than-Expected Sales In Q4 But Full-Year Guidance Underwhelms
Insurance industry-focused software maker Guidewire (NYSE:GWRE) reported Q4 FY2023 results , with revenue up 10.4% year on year to $270 million. However, next quarter's revenue guidance of $199.5 million was less impressive, coming in 6.09% below analysts' estimates. Turning to EPS, Guidewire made…#q4fy2023 #eps #stockstoryedge #mikerosenbaum #ariba #fy2023 #stockstory #q4 #fcf
Source: Reuters: Health - September 7, 2023 Category: Consumer Health News Source Type: news

Ever heard of NCUA insurance? Learn how your deposits are credit unions are protected up to $250,000
You may not have given much thought to the financial security of your bank, but recent high-profile bank closures have brought this serious issue to light. So far in 2023, four banks have closed—Silicon Valley Bank, Signature Bank, First Republic Bank and Heartland Tri-State Bank—making more…#siliconvalleybank #signaturebank #firstrepublicbank #fdic #ncua #ncusif #samanthabeeler #beeler
Source: Reuters: Health - September 7, 2023 Category: Consumer Health News Source Type: news

Kazakhstan ’ s Transition: From a Nuclear Test Site to Leader in Disarmament
A Group photo of participants of the regional conference on the humanitarian consequences of nuclear weapons and nuclear-free-zone in Central Asia held on August 29, 2023. Credit: Jibek Joly TV ChannelBy Katsuhiro Asagiri and Kunsaya Kurmet-RakhimovaASTANA, Kazakhstan, Sep 7 2023 (IPS) Exactly 32 years ago, on September 29, 1991, Kazakhstan, then part of the Soviet Union, made a historic decision that would alter its fate. On that day, Kazakhstan permanently closed the Semipalatinsk Nuclear Test Site, defying the central government in Moscow. This marked the start of Kazakhstan’s transformation from a nuclear-armed s...
Source: IPS Inter Press Service - Health - September 7, 2023 Category: International Medicine & Public Health Authors: Katsuhiro Asagiri and Kunsaya Kurmet-Rakhimova Tags: Armed Conflicts Asia-Pacific Conferences Headlines Health Nuclear Energy - Nuclear Weapons Peace TerraViva United Nations IPS UN Bureau Source Type: news

California home insurance crisis: Another major insurer reduces coverage
Source: Reuters: Health - September 7, 2023 Category: Consumer Health News Source Type: news

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