Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator

Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening. Russia defaulted on its international bonds for the first time in more than a century, the White House and Moody’s credit agency said on Monday, … Read more

Inflation drives surge in interest payments on UK public debt

Interest payments on UK government debt hit one of the highest levels on record last month as rising inflation limited an expected fall in public sector borrowing. Interest costs rose to £7.6bn in May, well above the figure for last year and higher than a £5.1bn forecast from the Office for Budget Responsibility, following a … Read more

Payments for dermatologicals in comp continue to increase

Payments for dermatological agents continue to increase while payments for opioids continue to decline, according to a report released Thursday by the Workers Compensation Research Institute. WCRI said the increase in payments for such drugs applied to skin, usually for pain, is driven by the dispensing of higher-priced products from doctors’ offices and mail-order pharmacies. The … Read more

Underinsured landlord loses claim for additional payments – Daily – Insurance News

A landlord who sought additional funds for his building fire claim after saying his insurer failed to inform him that he was underinsured has lost his claims dispute. The residential building policy covered $185,400 for rebuilding costs and $16,900 for 52 weeks of lost rent, both of which Terri Scheer paid on August 25 last … Read more

Boris Johnson to propose allowing housing benefit for mortgage payments

UK Prime Minister Boris Johnson is set to announce new measures that will support more people to get onto the property ladder, which is expected to include proposals for housing benefit being able to be counted towards a mortgage.  In his speech, set to take place today in Lancashire, the Prime Minister will set out … Read more

Missed payments searches lift as living costs rise: Knowledge Bank

Searches for lenders accepting applicants with ‘missed or late payments’ entered the top five searches on Knowledge Bank’s specialist platform last month, which it labels as “a potentially worrying development”. The criteria tracking firm says increased use of this type of search follows rises in interest rates, inflation and living costs, which has seen food … Read more

Former California Insurance Broker Arraigned for Stealing Premium Payments

Formerly licensed insurance broker Robert Minero, 39, of Downey, California, was arraigned this week on five felony counts including insurance fraud and grand theft. The charges were filed after an investigation by the California Department of Insurance revealed Minero allegedly sold auto insurance policies to customers but did. Not send the customers’ premium to the … Read more

Digital payments in India projected to reach $10 trn by 2026: Report

Digital payments in India will reach $10 trillion in value by 2026 from $3 trillion now, said a report on Thursday, forecasting that cash will increasingly be used less. Digital payments (non-cash) will constitute two out of three payment transactions by 2026, said the PhonePe Pulse-BCG report called ‘Digital … Read more

Russia eyes gas-for-roubles template for foreign Eurobond payments By Reuters

© Reuters. FILE PHOTO: Russian Finance Minister Anton Siluanov speaks to reporters after talks with major Russian firms representatives in Moscow, Russia August 24, 2018. REUTERS/Tatyana Makeyeva/File Photo (Reuters) -Russia is considering paying Eurobond holders by applying the mechanism it uses to process payments for its gas in roubles, though investors said the move would … Read more