Category: insurance
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Bitcoin Could Be Worth Over $200,000 As ‘Portfolio Insurance’ Against Sovereign Default: Report
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According to a hadith a report According to crypto asset manager Bitwise, Bitcoin (BTC) is well-positioned to act as “portfolio insurance” against sovereign default risk. The report comes at a time when global debt-to-GDP levels are breaching new highs, raising concerns about a potential global debt crisis. Bitcoin: A Solution…
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Permanent Life Insurance vs Term Life Insurance
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Life is unpredictable, and securing the financial future of your loved ones is one of the most important responsibilities. Life insurance plans are essential tools that provide financial protection and peace of mind. However, understanding the differences between these plans and choosing the right coverage can take time and effort.…
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Best Term Insurance Plans for Individuals with High-Risk
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Term insurance provides peace of mind by ensuring your loved ones are financially protected in the event of your absence. However, for high-risk individuals with pre-existing health conditions or risky lifestyles such as smoking, obtaining coverage may seem difficult. However, many term plans specifically cater to higher-risk applicants. The section…
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Aviva agrees £3.7bn deal to acquire Direct Line, forming a UK motor insurance powerhouse
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Aviva has entered into a definitive agreement to acquire Direct Line for £3.7bn, creating one of Britain’s largest motor insurers. The FTSE 100 insurer will pay 275 pence per share for the FTSE 250 company, representing a 73.3 per cent premium to Direct Line’s share price before the talks emerged…
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Mencap warns National Insurance rise could force closure of care services
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Mencap, one of Britain’s leading charities supporting people with learning disabilities, has warned that it may have to close at least 60 of its services due to mounting cost pressures following the budget changes announced. The organization says the rise in employers’ National Insurance contributions, combined with a sharp increase…
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Health insurance stocks have tumbled in days since United Healthcare CEO murder
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Your support helps us tell the story From reproductive rights to climate change to big tech, The Independent is on the ground as the story unfolds. Whether it’s investigating the finances of Elon Musk’s pro-Trump political action committee or producing our latest documentary The Word, which highlights American women fighting…
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Business lobby groups criticised for failing to block national insurance hike
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Britain’s largest business lobby groups, known collectively as the B5, have faced criticism for failing to prevent a major rise in employers’ National Insurance contributions, announced in Rachel Reeves’ October Budget. The £25 billion increase has sparked widespread business backlash, with some questioning the effectiveness of the Confederation of British…
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Business lobby groups criticised for failing to block national insurance hike
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Britain’s largest business lobby groups, known collectively as the B5, have faced criticism for failing to prevent a major rise in employers’ National Insurance contributions, announced in Rachel Reeves’ October Budget. The £25 billion increase has sparked widespread business backlash, with some questioning the effectiveness of the Confederation of British…
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Italy to Require Companies Buy Insurance for Climate Risks
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Breadcrumb links BMN Business As the fastest warming continent, climate losses in Europe increased by 2.9% per year from 2009 to 2023. Article writer: Bloomberg News Gautam Naik Published on December 3, 2024 • 4 minutes read You can save this article by registering for free here. Or log in…
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The Importance of Insurance For Business
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The modern business environment can be unpredictable, and insurance may be necessary to protect business interests, regardless of size or industry. Business insurance should not be considered a formality, as it can be vital to the long-term sustainability of the business. Read below to explore the critical importance of corporate…
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Royal Mail warns of £120 million cost increase due to National Insurance rise
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Royal Mail has warned it faces an additional £120 million in costs due to the upcoming increase in employers’ National Insurance contributions announced in the latest Budget. The loss-making Postal Service said the rise would disproportionately affect its operations due to its large workforce of about 130,000 employees. The company,…
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The Entertainer halts new store plans due to budget’s national insurance hike
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The Entertainer, one of the UK’s largest toy retailers, has abandoned plans to open two new stores following the government’s decision to increase National Insurance (NI) contributions for employers. CEO Andrew Murphy explained that rising costs had also led to a hiring freeze at the company’s head office. The decision…
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M&S warns of possible price hikes as national insurance hike impacts costs
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Marks & Spencer has warned it cannot rule out a price hike after absorbing an extra £120 million in costs resulting from Chancellor Rachel Reeves’ National Insurance changes and upcoming pay rises. Chief executive Stuart Machin said the retailer would “do everything we can” to avoid passing these costs on…
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Agricultural insurance offers a good bet for boosting farm yields
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Kenya’s agricultural sector, which contributes about 20 percent of the country’s GDP and employs more than 40 percent of the population, faces increasing challenges due to climate change. The Food and Agriculture Organization estimates a staggering 490 trillion shillings ($3.8 trillion) of crop and livestock production have been lost over…
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The Secretive World of Russian Oil Tanker Insurance Revealed
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Breadcrumb Trail Links PMN Business One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. Author of the article: Bloomberg News Alex Longley, Patrick Sykes and Alberto Nardelli Published Oct 22,…
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The Secretive World of Russian Oil Tanker Insurance Revealed
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Breadcrumb Trail Links PMN Business One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. Author of the article: Bloomberg News Alex Longley, Patrick Sykes and Alberto Nardelli Published Oct 22,…
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Insurance firms to benefit from banking competition proposals
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The Tel Aviv Stock Exchange (TASE) insurance index rose last Tuesday by 2.5%, well above the market’s modest gains. The reason for the jump in stock prices was the recommendation of the Supervisor of Banks, Daniel Hahiatishvili, in an interim report of a team he heads, to grant banking licenses…
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Florida homeowners fear soaring insurance cost after hurricanes
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Written by Michelle Conlin and Matt Tracy NEW YORK/WASHINGTON (Reuters) – For 32 years, Jim Tynan has had a homeowners policy with Allstate in his 1,200-square-foot apartment in Ponte Vedra, Florida. In January, Tynan’s subsidiary, Allstate, told him it was letting him go. Tynan contacted 10 different agencies, “and none…
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Starmer hints at employer national insurance rise but pledges to keep tax promises for workers
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Sir Keir Starmer has left the door open to increase employers’ National Insurance contributions, despite Labour’s election pledge not to increase taxes on workers. The Prime Minister stressed that “difficult” decisions will have to be made in the next budget, but stressed the Labor Party’s commitment to its promises in…
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NCDRC Rules Banks are not Responsible for Non Insurance of Hypothecated Goods
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National Consumer Disputes Redressal Commission ne yeh decide kiya hai ki bank hypothecated goods ka insurance na hone par zimmedar nahi hote. Mr. Subhash Chandra aur Dr. Sadhna Shanker ke leadership mein commission ne yeh kaha ki insurance karwana complainant (is case me borrowers) ki responsibility hoti hai, na ki…