[ad_1] Receive free UK insurance industry updates We’ll send you a myFT Daily Digest email rounding up the latest UK insurance industry news every morning. Ministers must “go further and faster” on UK flood defence spending as the scale of the challenge from a worsening climate grows, the outgoing chair of the country’s flood reinsurance…
[ad_1] State Farm, the country’s largest property insurer, announced this week that it will almost entirely stop issuing new policies in California, the country’s largest property insurance market. The reasons for forgoing all that new business are entirely economic. The company cited “historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a…
[ad_1] Receive free Just Group PLC updates We’ll send you a myFT Daily Digest email rounding up the latest Just Group PLC news every morning. Retirement income sales at the FTSE 250 life insurer Just Group more than doubled to £1.9bn in the first six months of the year, as soaring gilt yields fuelled corporate…
[ad_1] As World Ocean Day rolls around again, it is hard to believe how much has happened since the last one. From the war in Ukraine to the death of entire languages, our understanding of how threats to the ocean reflect threats to humanity itself is constantly evolving. Here are some of the stories we…
[ad_1] Receive free UK insurance industry updates We’ll send you a myFT Daily Digest email rounding up the latest UK insurance industry news every morning. The cost of UK motor insurance has soared to an all-time high, according to a closely watched index, heaping extra pressure on households already confronting a cost of living crisis….
[ad_1] If your car or home insurance is due for renewal, prepare for a shock. Many insurers are applying double-digit price hikes to premiums, significantly outpacing inflation. Insurance Australia Group (IAG), the country’s biggest general insurer that includes the brands NRMA Insurance and SGIO, is raising motor premiums by 14%, and property premiums by 20%….
[ad_1] Last time I wrote about the fictional finances of a plastic doll, Barbie was 60 and consolidating 200 pension pots from her varied portfolio career since she first appeared in 1959. Now she’s 64 — though eternally youthful — and has a new movie out, she is old enough to worry about whether to…
[ad_1] When my family adopted our dog Hyko five years ago, we immediately took out pet insurance with ManyPets. They are highly rated, so I thought it was a safe, if expensive, option, at £530. We went for pricier “lifetime” insurance so he’d be covered for chronic conditions, not just one-off accidents or illnesses. This…
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[ad_1] Concerns about insurance are stopping Australians from having life-saving genetic testing. Genetic screening can help prevent, diagnose and treat some conditions, however the life insurance industry is still allowed to ask for results when issuing some policies. The industry’s peak body introduced a moratorium in 2019 designed to stop discrimination but a new report…