1700 jobs at risk at sports retailer | Metro Bank agrees to buy rival lender | Insurance giant Hiscox swings to loss

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Sports retailer and gym group DW Sports has said it is to tumble into administration, with 1,700 employees at risk.

The company was expected to appoint insolvency specialists after its income was wiped out by the protracted closure of stores and gyms during lockdown.

DW Sports, which was founded by former Wigan Athletic owner Dave Whelan, operated 73 gyms and 75 retail sites across the UK but announced plans to shut 25 of its stores last month.

The company said it will now wind down its retail business for good, with its website ceasing trading with immediate effect and closing-down sales starting at its 50 remaining stores.

READ MORE: Glasgow firm has helped keep lights on amid coronavirus lockdown

It plans to protect as many jobs and gyms as possible through the restructuring process.

DW Sports stressed that Fitness First, which is a sister company of DW, will continue to

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Why Californians dropping are private insurance to get taxpayer-funded treatment

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There’s an open secret among those who care for people with serious mental illnesses.

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Opinion | The financial relief plan has worked. But it shows the woeful state of unemployment insurance.

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Consequently, the expected household debt crisis has not materialized. Total credit card debt has fallen from $900 billion in March to $800 billion now, and fewer than 2 percent of accounts are past due, according to the Wall Street Journal. (Of course, shopping and dining out were impossible in many places.) As for mortgages, 30-day past-due accounts have spiked, according to CoreLogic, but “serious” delinquencies — 90 days past due or more — are at a 20-year low, as are foreclosure rates.

People are struggling; the poorest most of all. But it could have been far worse. This is as it should be. Government called on the people, essentially, to cease producing goods and services, and so it was up to government to shield them from financial disaster — in effect, to take individual and small business debt onto the national balance sheet.

There is no immediate issue of “moral

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SAMA to Saudize Insurance Jobs

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The Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank and insurance regulator, said it will not extend the grace period for Saudizing administrative and customer service jobs at insurance companies and that defaulters will be punished.

Company officials said they have completed procedures to Saudize jobs as demanded by SAMA. Some companies said they required some more time to comply with the decision.

“SAMA will not provide additional time for insurance companies to appoint Saudis in specific jobs,” said Salah Al-Jubeir, chairman of the insurance committee at Asharqia Chamber.

“Companies will be held responsible for any negligence in this matter,” he said, adding that most companies are capable of implementing the decision thanks to their strong financial position.

He emphasized the plan to Saudize all jobs in the sector gradually to solve unemployment problem. “We intend to Saudize technical and leadership jobs in the next phase,” he added.

Dr.

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Man who flipped out at a Costco for being asked to wear a mask is fired from his insurance job

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A Florida man who went on an abusive tirade at a Costco after an elderly woman asked him to wear his mask has been fired from his insurance job. 

Daniel Maples, whose outburst in the Fort Myers store on June 27 was caught on a viral video posted online Monday, was a leading sales agent at Ted Todd Insurance. 

The insurance agency tweeted on Tuesday that Maples’ behavior was not in line with ‘company values’ and that he had been ‘terminated’. 

‘Threatening behavior and intimidation go against our core mission to be trusted advisors in our community,’ wrote the agency’s CEO Charley Todd in a follow up tweet that promised the company would follow up with a review of its internal culture. 

Scroll down for video 

A man, whose abusive tirade at an elderly woman who asked him to wear a mask in a Fort Myers, Florida, Costco on June

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France Weighs Insurance Options to Protect Companies, Jobs from Future Pandemics

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The French government is looking at ways to shield companies from the impact of future pandemics.

The goal is to protect companies and jobs from the damage that major events such as pandemics can cause, Finance Minister Bruno Le Maire said in a statement. A working group consisting of lawmakers and industry representatives came up with a range of solutions on developing insurance coverage for such catastrophes, and Le Maire sought public comment on its proposals to inform the government’s work on the issue.

The government plans to complete work on a coverage plan by the end of the year. French companies have suffered 147 billion euros ($168 billion) of operating losses during the coronavirus outbreak, according to the statement on Thursday.

The government’s efforts come as French insurers are facing a public backlash over their handling of companies’ claims related to losses suffered during the lockdown. AXA SA found

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Valleywise Health is helping unemployed people with health insurance questions | Arizona News

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PHOENIX (3TV/CBS 5) – Many people have lost their jobs due to the COVID-19 pandemic which has led to lapse in health insurance coverage. And with everything going on, it’s more important than ever to have access to health care coverage. 

When in this situation, many are overwhelmed and have a lot of questions. Valleywise Health wants to be able to take away from of the stress and answer your questions.

On Saturday from 8 a.m. to 12 p.m., Valleywise will be answering calls for anyone with health insurance questions through a phone bank. Callers will speak directly with certified eligibilty specialists from Valleywise Health.

“With unemployment rates at an all-time high and the uncertainty around COVID-19, Valleywise felt it their duty to help where they can so that families don’t delay care for fear of how to pay.”

Callers will get information about what they qualify for, how to

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Analysis finds 5.5M have lost health insurance amid pandemic

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Nearly 5.5 million people who lost their jobs between February and May of this year also lost their health insurance, according to a new analysis released Tuesday. 

The analysis from Families USA, a consumer health care advocacy organization, finds that the COVID-19 pandemic and the resulting economic crisis have caused the greatest health insurance losses in American history. 

Nearly half of the coverage losses occurred in five states: California, Texas, Florida, New York and North Carolina. 

“Families in America are losing comprehensive health insurance in record numbers,” the authors of the analysis wrote. “This creates particularly serious dangers during a grave public health crisis and deep economic downturn.”

Coverage losses are likely steep because about half of Americans get health coverage through their jobs. 

However, the 5.4 million people who are estimated to have also lost their health insurance doesn’t count family members who might also have been on those

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‘Killing Eve’ Filming Delay; ‘Tenet’ & ‘Mulan’ Undated; UK Insurance D-Day

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Click here to read the full article.

Happy Friday readers. Tom Grater checking in with your weekly dose of international news. Here are some Deadline headlines from the past seven days that you need to read. If you want to subscribe to get this alert in a timely fashion, sign up here.

1. Scoop: Coronavirus Sticks Knife In ‘Killing Eve’

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Killer blow: Killing Eve has had to abandon its plans to film in August, my colleague Jake Kanter reveals. The show’s jigsaw puzzle-like European location shoot has proved too complicated at this point in the pandemic, and producer Sid Gentle Films is yet to set a restart date. Read the full story here.

Unsettling reminder: Killing Eve‘s quandary is a reminder that, even as swathes of shows start to come back online over the coming weeks, producers can’t solve every problem with a bible of safety

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10 disasters you’d never expect home insurance to cover

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A typical home insurance policy protects against all kinds of unexpected threats, like fire, theft and — falling satellites?

Almost 4 million homes in the United States had a claim in 2018, according to the latest data from the Insurance Information Institute. That number would be a whole lot higher if homeowners knew everything they could file for.

Considering how many people are overpaying for their insurance by $1,000 a year or more, they should at least be getting their money’s worth. Here are 10 things you might not realize are covered.

1. Plane poop

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This one’s pretty bad, which is all the more reason to be glad for your coverage.

Airplane toilets can leak, on occasion, and the cold of high altitudes can cause the waste to freeze into chunks of “blue ice.”

If you hear a loud bang one day, only to find an

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