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Insurance news

Sedgwick announces acquisition

Bottomline, a provider of business payments and cash management solutions, offers LSM services to the property and casualty insurance sector, supporting insurers, third-party administrators, self-insured entities and corporate legal departments with cloud-based software applications and legal bill review solutions.

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100-year lives – how age impacts the insurance industry

What role can insurance play?

According to the report, while interest in insurance is high, attracting demand is proving more challenging. For example, it found that 44% of those surveyed were interested in long-term care insurance, but this was the least owned insurance product – at just 23%. Affordability was touted as the main concern.

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Insurance industry could be making the climate crisis worse – report

Fossil fuel support

At the same time, insurers and reinsurers continue to underwrite fossil fuel projects, financing the expansion of industries that contribute to climate change. Some firms, including Allianz, Aviva, and Swiss Re, have adopted climate policies aimed at limiting their involvement in fossil fuel extraction. However, others remain heavily invested in the sector, ensuring that oil, gas, and coal projects continue to receive coverage, according to the report.

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UK job cuts amid tax hikes have not yet materialised – report

In the 14 weeks since the October 30 budget, potential redundancies have remained just under 68,000, 12% lower than the same period last year, according to government filings by businesses. Separate data from HR software provider Employment Hero, covering 90,000 workers at small and medium-sized enterprises, shows that full-time employee numbers rose by 1.4% in January after declines in the previous two months.

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FCA charges former financial advisory firm’s director with multiple crimes

According to the FCA, more than £2.3 million was taken during this period, resulting in financial losses for several victims, including family members, friends, and a vulnerable child. The alleged misconduct took place over a decade, affecting multiple clients who had entrusted Campbell with their financial affairs. The FCA has stated that the alleged fraud involved a pattern of deception that extended to both clients and regulatory authorities.

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