Insurance – Page 3 – The News Desk

10Dec

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Money

10 money lessons from Morgan Housel

MUMBAI :Over the last few years, Morgan Housel has become a very popular writer and blogger on personal finance. His two books, The Psychology of Money and Same as Ever, have extensively covered the idea of how to go about managing one’s money. In this piece, we will look at the basic ideas that Housel espouses and how you can go about implementing them in your own personal journey of earning money and saving it. Over the last few years, Morgan Housel has become a very popular writer and blogger on personal finance. His two books, The Psychology of Money and Same as Ever, have extensively covered the idea of how to go about managing one’s money. In this piece, we will look at the basic ideas that Housel espouses and how you can go about implementing them...

Climate Change Is Breaking Insurance. Here’s How Tech Could Save It.

9Dec

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Technology

Climate Change Is Breaking Insurance. Here’s How Tech Could Save It.

If floodwaters outside a warehouse in Freeport, Texas, owned by private investment firm Postlane Partners rise to 8 inches, an internet-connected sensor will trigger an automatic $3 million payment from an insurance company, a startup called FloodFlash. If the waters rise to 16 inches, the payment will also rise—to $5 million. This type of policy, called parametric insurance, works like a bet. It has a defined payout, which limits the liability of the insurer. And it comes from a new breed of insurance company, stepping in to shoulder risks that traditional insurers can’t—or won’t—take on, because climate change has made more typical kinds of coverage unprofitable.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

9Dec

By adminNo Comments

World

Climate Change Is Breaking Insurance. Here’s How Tech Could Save It.

If floodwaters outside a warehouse in Freeport, Texas, owned by private investment firm Postlane Partners rise to 8 inches, an internet-connected sensor will trigger an automatic $3 million payment from an insurance company, a startup called FloodFlash. If the waters rise to 16 inches, the payment will also rise—to $5 million. This type of policy, called parametric insurance, works like a bet. It has a defined payout, which limits the liability of the insurer. And it comes from a new breed of insurance company, stepping in to shoulder risks that traditional insurers can’t—or won’t—take on, because climate change has made more typical kinds of coverage unprofitable.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

6Dec

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Money

The Medicare Gold Rush Is Slowing Down

The popularity of private Medicare plans has been a huge driver of profits for insurance companies in recent years. There are signs the gold rush isn’t quite what it once was.Investors have been worried all year as the Biden administration phases in a new system that insurers say will reduce federal payments to Medicare Advantage plans. Developments last week at the top two insurers in the Medicare business, UnitedHealth Group and Humana, raised more questions. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

5Dec

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Money

Nationwide’s Charity Challenge kicks off today with increased prize money, new voting option

Contest promotes and supports nominees for the Walter Payton NFL Man of the Year Award presented by Nationwide COLUMBUS, Ohio, Dec. 5, 2023 /PRNewswire/ -- Nationwide's annual Charity Challenge kicks off today, giving football fans a way to help Walter Payton NFL Man of the Year nominees earn additional dollars for their chosen charities. As presenting sponsor of the Walter Payton NFL Man of the Year Award, Nationwide is encouraging fans to take the challenge and vote for their favorite nominees now through January 8, 2024. To commemorate its 10th year of sponsoring what is widely regarded as the NFL's most prestigious honor, Nationwide will award the Charity Challenge winner an additional $10,000 for his designated charity, increasing the top prize from $25,000 to $35,000. The second a...

5Dec

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Health

2023 Car Insurance Guide

Feel more confident on the road with great auto insurance. Start with free quotes from top car insurance companies in your area.Answer QuestionsAnswer a few questions about yourself and your vehicle.Compare RatesCompare competitive rates from top car insurance companies.Enroll OnlineChoose the best insurance for you and enroll online .. it's that easy!Why You Can Trust UsThe methodology for 360 Reviews by U.S. News & World Report is to evaluate products and services from multiple, diverse vantage points. We make recommendations based on a consensus about what matters to consumers, experts, and the community of professional reviewers. We don't tell you what our investigators think about a product. Instead, we convey what's most important based on an unbiased look at the viable products...

4Dec

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World

Swiss Life CEO to Step Down

Swiss Life Holding said Patrick Frost has decided to step down as chief executive at the group’s annual general meeting in May next year, after 10 years at the helm of the insurer.The company said Monday that Matthias Aellig, currently chief financial officer, would succeed Frost as CEO as of May 16, 2024. Marco Gerussi, who served as head of finance transformation since 2018, will replace Aellig as CFO.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

How to Donate to Charity, Get a Tax Break and Have Income for Life

1Dec

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Money

How to Donate to Charity, Get a Tax Break and Have Income for Life

Tax breaks for charitable donations come in many flavors, and this year Congress has a new one for seniors called an IRA charitable gift annuity. It allows older owners of traditional IRAs to donate account funds to a charity and get tax breaks plus income payments for life. Brian and Deborah Smith of Park City, Utah, plan to try this option next year. That’s when Deborah Smith turns 73 and has to begin required withdrawals from her traditional IRA. She will donate $53,000 of her $550,000 account to the Episcopal church where the couple is active and Deborah serves on the board. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

1Dec

By adminNo Comments

World

How to Donate to Charity, Get a Tax Break and Have Income for Life

Tax breaks for charitable donations come in many flavors, and this year Congress has a new one for seniors called an IRA charitable gift annuity. It allows older owners of traditional IRAs to donate account funds to a charity and get tax breaks plus income payments for life. Brian and Deborah Smith of Park City, Utah, plan to try this option next year. That’s when Deborah Smith turns 73 and has to begin required withdrawals from her traditional IRA. She will donate $53,000 of her $550,000 account to the Episcopal church where the couple is active and Deborah serves on the board. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Swiss Re Discloses New Targets Ahead of Accounting Method Transition

1Dec

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World

Swiss Re Discloses New Targets Ahead of Accounting Method Transition

Swiss Re released a new guidance for next year as it will start reporting under IFRS as of 2024.For the upcoming year and under the IFRS method, the Swiss reinsurer aims to reach net profit of more than $3.6 billion, of which the life and health business is expected to contribute $1.5 billion.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8