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Insurance Business
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- 1Lockton warns climate losses are widening global insurance gap●Lockton claims insurance gap worsening due to climate change losses
Insurance broker Lockton says the gap between climate-related losses and insured damages is worsening, as extreme weather events drive up uninsured losses worldwide. The warning highlights growing concern among insurers and brokers that rising climate risks are outpacing insurance coverage, leaving businesses and governments increasingly exposed to unpaid disaster costs.
- 2Mental health claims in workers' compensation up 47%, WCRI reports●Mental health claim frequency rises 47% in comp: WCRI
The Workers Compensation Research Institute reports that the frequency of mental health claims in workers' compensation has risen 47%. The finding, covered by Business Insurance, points to growing recognition of psychological injuries in workplace compensation systems and is likely to prompt discussion among employers, insurers and policymakers about causes, costs and how such claims are handled.
- 3SingSaver launches home loans comparison segment in Singapore●SingSaver, Singapore's Leading Personal Finance Platform, Launches Home Loans Segment
SingSaver, a personal finance comparison platform based in Singapore, has launched a new home loans segment, expanding beyond credit cards and insurance into mortgage products. The move lets users compare home loan options from banks as property buying remains a major financial decision in the city-state. The announcement was carried by regional business outlets.
- 4Judge Rules Microcaptive Pre-Trial Penalty Assessment Lawful●Microcaptive Pre-Trial Penalty Assessment Is Lawful, Judge Finds
A federal judge has found that the IRS's pre-trial assessment of penalties in a microcaptive insurance case is lawful, according to Bloomberg Law. The ruling is a setback for microcaptive owners challenging the tax agency's authority to impose penalties before trial. The decision may shape how similar disputes between taxpayers and the IRS proceed, in an area already under close scrutiny by regulators.
- 5East Coast Storms Threaten Fall And Winter Travel Disruption●East Coast Storms Could Disrupt Fall And Winter Travel—When Travel Insurance Can Help
East Coast storms could disrupt travel plans through the fall and winter season, according to Forbes, which outlines when travel insurance can help travelers recover costs. With the busy holiday travel period approaching, the report highlights how storm-related delays and cancellations may affect flights along the East Coast and when policies would cover travelers for interruptions, cancellations, and related expenses.