insurance

Victoria Klesty | ReutersIn the U.S., Wegovy is no longer just for weight loss.The blockbuster drug — one of a handful of weight loss treatments to skyrocket in popularity over the last year — is now approved in the U.S. for heart health, too. But that may not translate to wider insurance coverage of the weekly injection drug from Novo Nordisk and similar obesity treatments just yet.Some employers and other health plans are still reluctant to cover Wegovy due to its hefty $1,350 monthly price tag, which they say could…

The uptrend in the Nigerian equity market appears to have come to stay further than anyone could have expected on the back of buy interest that has failed to wane. It stands to reason that the lion’s share of portfolio investment would have shifted to treasury bills, bonds and other fixed income securities, whose yields became dramatically attractive to both foreign investors and investors at home after a big hike in interest rate last month by the central bank. That regardless, stocks continue to have their…

Your car insurance provider apparently knows much more about you than you might think — and it’s using that information to inform your rates. According to a new report from the New York Times, new cars with internet-enabled features are tracking your driving habits, and that data is being shared with data brokers who then sell the information to car insurance companies. This is all done regardless of the driver’s involvement. These days, when you buy a car, you often have the option to lower your insurance rates by…

Car lights are reflected in the wet street as commuters line up in traffic to enter the I-110 Harbor freeway in the rain in downtown Los Angeles, March 6, 2024. Most electronic systems that take on some driving tasks for humans don’t adequately make sure drivers are paying attention, and they don’t issue strong enough warnings to make drivers behave. That's according to an insurance industry study published Tuesday, March 12, 2024. Credit: AP…

The First Street Foundation study points out that insurers could offer discounts to homeowners who take steps to fortify their homes, which would help make disasters less damaging. Moore said Florida once was a leader when it came to measures like building codes, although that has changed in recent years. The state also had lacked a disclosure policy requiring property owners to share a property’s flood history with buyers and renters.Another bill would compel landlords to inform tenants that they live in a flood zone,…

Insurance firms will use this data from LexisNexis -- a global provider of legal and business information and analytics -- to personalize insurance rates for drivers. Anyone can download their own Consumer Disclosure Report online, in compliance with the Fair Credit Reporting Act.Many insurance companies offer "safe driving" discounts, giving those who maintain a clean driving record a better rate. Some even offer devices installed in your car or location tracking through mobile apps to track your driving habits and…

Kyle Shirley put off a marketing plan for his roofing company after insurance premiums for his work trucks shot up 55%. Becky Brinkerhoff’s insurance bill has doubled and she is checking with other companies for a better deal. Stephanie Rankin will likely reduce the coverage on one of her vehicles to help cover the 44% increase in her insurance rates. The three Denver-area residents are among Coloradans reeling from rising auto insurance costs on top of higher grocery bills and other expenses. The insurance rates are…

We are lately seeing a rise in the number of vehicle fire incidents in India. While we are mostly seeing reports of EVs catching fire, there are a decent number of cases where ICE vehicles have caught fire too. Here we have one such incident from Haryana where a Mahindra Thar that was only months old caught fire and was completely destroyed. The owner is now facing a problem as both the insurance company and the manufacturer are not providing him with a solution for his loss. The video has been shared by Prateek Singh on…

Credit: Pixabay/CC0 Public Domain "They knew we had separated. Why did they let him cancel the policy and refund him the money without giving me a call to let me know the house and contents were no longer insured, or not do it before speaking to me first?" These are the words of Maddy (not her real name). Her experience of domestic and family violence…

Injection pens of Novo Nordisk's weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, Nov. 21, 2023.Victoria Klesty | ReutersCigna on Thursday unveiled a new effort to expand insurance coverage for weight loss drugs by limiting how much health plans and employers spend on the highly popular treatments each year. The move comes as many insurers mull whether they should cover those drugs or drop them from their plans altogether due to their high costs. Americans have flocked to the treatments, along…