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LA Wildfires Losses Could Top $30 Billion for Insurance Industry

Insurance Journal

Wildfires that have ravaged swaths of Los Angeles could result in losses of as much as $30 billion for the insurance industry as the blazes rage on almost a week after they ignited.

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Badger Bazookas Merlin!

Property Insurance Coverage Law

I lost an entire appraisal debate in the first few minutes against Good ole Steve Badger. Simply knocked out. Badger got up early in the morning and read yesterdays post,Participate In Your DemocracyEven If You Are Called a Bazooka. He must be taking some type of mind-enhancing drug because his creativity has never been keener. … The post Badger Bazookas Merlin!

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Texas Lawsuit Alleges Allstate Illegally Collects Driver Data

Insurance Journal

The State of Texas on Monday filed a lawsuit against Allstate, alleging the insurance company illegally collects driver data through secretly embedded software in mobile apps and then uses the data to justify raising Texans’ insurance rates.

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Wuhu Shipyard in $4bn tie-up with compatriot leasing duo

Splash: Finance and Insurance

China’s Wuhu Shipyard has partnered up with two domestic financial leasing players to jointly work on new projects potentially worth more than RMB30bn ($4.1bn). The largest shipbuilding enterprise in Anhui province, formerly known as Fujiheng Machinery Plant, has penned a collaboration agreement with Wanjiang Financial Leasing and Yingxing Financial Leasing.

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Streamline Insurance Claims Management By Analyzing Legal Trends

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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2026 Medicare Advantage and Part D Advance Notice Fact Sheet

PSM Brokerage

The Centers for Medicare & Medicaid Services (CMS) recently released the 2026 Medicare Advantage (MA) and Part D Advance Notice , outlining proposed changes to payment rates, risk adjustment models, and updates related to the Inflation Reduction Act (IRA). These updates are designed to improve payment accuracy, ensure program sustainability, and maintain benefits for enrollees.

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Re/Insurance Losses From LA Wildfires Expected to Be Significant but Manageable: S&P

Insurance Journal

Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses in the affected communities.

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What to Expect After the Los Angeles Wildfires

Property Insurance Coverage Law

Southern California faced a devastating night as the Palisades and Eaton Canyon wildfires raged out of control, forcing evacuations and leaving widespread damage in their wake. I woke up Wednesday to the sound of whipping winds and dark skies of smoke, knowing that it would be impossible for the fires to be put out with … The post What to Expect After the Los Angeles Wildfires appeared first on Property Insurance Coverage Law Blog.

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Protecting Your Remote Workspace: Home Office Safety and Security Week:

Relation

Your Home Office: A Space Worth Protecting These days, your home office isnt just where you workits where creativity happens, goals are crushed, and dreams come to life. Thats why taking care of it matters! As we mark Home Office Safety and Security Week, lets chat about simple but important ways to keep your workspace […] The post Protecting Your Remote Workspace: Home Office Safety and Security Week: appeared first on Relation Insurance.

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The Insurance Agent’s Guide to Star Ratings

PSM Brokerage

Star Ratings: What They Mean and How to Use Them Star ratings play a crucial role in the Medicare landscape, influencing both client decisions and sales opportunities for insurance agents. Whether youre new to selling Medicare plans or an experienced agent, understanding star ratings can help you educate your clients, build trust, and grow your business year-round.

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Three ship casualties in a weekend in SE Asia

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Three ship casualties in a weekend in SE Asia appeared first on Insurance Marine News.

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When Can Public Adjusters Start Soliciting California Wildfire Claims?

Property Insurance Coverage Law

Over the past few days, Ive been on the phone around the clock with insureds and public adjusters about what to expect as a result of the most devasting wildfires Southern California has ever seen.The Palisades and Eaton Fires have destroyed over 10,000 structures combined, and many people are still being evacuated from their neighborhoods … The post When Can Public Adjusters Start Soliciting California Wildfire Claims?

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Blog Post: O-1 Victory in Vermont!

LexisNexis

Superlawyer Ava Benach reports: "Friends, the jamón iberico is on me! I am very excited to share this wonderful decision from Judge Crawford in Vermont finding that the USCIS denial of the José Andrés Group (fka Think Food Group) petition for an expert jamón slicer was arbitrary and capricious. The court found that the USCIS decision was arbitrary and capricious because: In evaluating whether the individual has achieved national or international recognition for achieveme

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Understanding the Key Parties in Workers’ Compensation

AMAXX

Navigating workers’ compensation can be complex, with various parties working together to ensure effective claims management and cost containment. Lets explore the roles of these critical players in a workers’ compensation system. 1. Insurance Company: The Risk Bearer Often referred to as the underwriter, insurer, or carrier, the insurance company provides the workers’ compensation policy and assumes the employers risk.

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Israeli airstrike on Yemen port damages vessels

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Israeli airstrike on Yemen port damages vessels appeared first on Insurance Marine News.

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California Expands Moratorium on Homeowners Insurance Cancellations and Non-Renewals

Insurance Journal

California Insurance Commissioner Ricardo Lara expanded emergency insurance protections for Southern California homeowners, adding new ZIP Codes to those already under a mandatory one-year moratorium on insurance non-renewals and cancellations.

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Wildfire Devastation—What Next?

Property Insurance Coverage Law

Can you imagine all your possessions, those little mementos, photographs, and your home burned to ash? The cherished reminders of a life well-livedfamily heirlooms, the art your children proudly brought home, the smell of holiday meals that once filled the airall gone in a sudden, unrelenting blaze. The Los Angeles wildfires have not only scorched … The post Wildfire DevastationWhat Next?

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Shuaa Capital lines up $300m for OSV business

Splash: Finance and Insurance

UAE-based asset management and investment banking firm Shuaa Capital has secured a financial boost for its marine offshore support vessel (OSV) segment.

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Pre-Season Storm Preparedness Tip: Should I Install Impact Windows or Shutters?

Wren Insurance Agency

To continue our theme from last week about cost-effective home improvements (that may also lower your insurance bill!), today we address windows and storm-related window protection, which has the ability to significantly lower your home insurance rates while also protecting your valuables - certainly not the least of which - being your precious loved ones during a serious storm.

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Glen Sannox makes maiden passenger-carrying trip

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Glen Sannox makes maiden passenger-carrying trip appeared first on Insurance Marine News.

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Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz

Insurance Journal

Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk Barometer 2025.

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The Community Necessity to Make Structures More Insurable and Resilient to Loss

Property Insurance Coverage Law

A recent news article written by Ron Hurtibise, Should Asphalt Shingle Roofs be Phased Out in Florida? caught my attention because it would have a significant impact on Floridas roofing industry and upon the vast majority of Florida homeowners. The article noted that Floridas Insurance Commissioner Michael Yaworsky has suggested that the state should consider … The post The Community Necessity to Make Structures More Insurable and Resilient to Loss appeared first on Property Insurance Cove

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Idan Ofer backs green fueltech specialist SulNOx

Splash: Finance and Insurance

Israeli billionaire Idan Ofer has become the latest backer of UK-based green fueltech specialist SulNOx. Ofer-controlled Singapore-based owner Eastern Pacific Shipping (EPS) has signed up to use SulNOx fuel conditioner onboard at least 30 of its vessels for a minimum of 18 months, while his EPS Ventures will take up to 8.

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Understanding the Two Primary Benefits of Workers’ Compensation for Employers

AMAXX

Workers’ compensation programs are a cornerstone of workplace safety and risk management. While their primary purpose is to ensure employees receive medical and wage replacement benefits for work-related injuries, they also offer critical advantages to employers. Two primary benefits for employers include exclusivity or the bar against lawsuits and the ability to budget costs effectively.

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Windward spots new patterns of illicit activity in 2024

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Windward spots new patterns of illicit activity in 2024 appeared first on Insurance Marine News.

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Private Hospital Owner Prospect Medical Files for Bankruptcy

Insurance Journal

Prospect Medical Holdings Inc., once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs.

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The California Fair Plan: A Guarantee Against Bankruptcy Amidst Los Angeles Wildfires

Property Insurance Coverage Law

I was recently asked on a FoxNews interview whether policyholders with Californias Fair Plan will be paid if it runs out of money. The wildfires in Los Angeles have caused widespread devastation, leading to concerns among policyholders and others about whether the California FAIR Plan can fulfill its obligations. Misleading reports have fueled fears that … The post The California Fair Plan: A Guarantee Against Bankruptcy Amidst Los Angeles Wildfires appeared first on Property Insurance Cov

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Follow these 6 steps for your next business insurance renewal.

Frankenmuth Insurance

Renewing your business insurance is a chance to ensure your coverage keeps up with your evolving needs. As your business grows, so can your risks, making it essential to review, reassess, and possibly adjust your insurance policy each year. Were breaking down the key steps in the business insurance renewal process so you can feel confident youre covered, protected, and getting the best value for your policy.

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Fundamental #1 to Understand the Experience Mod in Workers’ Comp

AMAXX

Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Things that we don’t understand can seem a lot more difficult than they actually are. Hello, my name is Michael Stack and I’m the CEO of Amaxx. And today I want to talk about the experience mod formula.

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Inmarsat Maritime and Maritime London establish “Sea-Care” working group

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Inmarsat Maritime and Maritime London establish Sea-Care working group appeared first on Insurance Marine News.

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Edison Utility Sued Over Role of Equipment in Los Angeles Fire

Insurance Journal

Edison International Inc.’s southern California utility was hit with a lawsuit blaming the energy provider’s equipment for igniting one of the wildfires still raging in the second-largest US metropolis.

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Participate In Your Democracy—Even If You Are Called a Bazooka!

Property Insurance Coverage Law

Floridas insurance commissioner, Michael Yaworsky, referred to me yesterday as a Bazooka! As a kid, I pretended to be a bazooka soldier when playing on various military bases where my father was stationed. I am not exactly certain what was meant, and neither did others in my firm when this was raised. He said this … The post Participate In Your DemocracyEven If You Are Called a Bazooka!

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Danish ship investment vehicle launches

Splash: Finance and Insurance

Denmark has a new ship investment vehicle helmed by three well-known shipping executives. Zeaside Capital Partners launched yesterday as a Copenhagen-based shipping investment platform, co-founded by Lars Steffensen, Aaron Sen and Jan Eghj.

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Can a new President make health policy changes on ‘Day One?’

Healthinsurance.org

In this article How can a President start making changes on Day One? How quickly can a President make policy changes through federal rulemaking? What types of policy changes are possible via rulemaking? Is it possible to overturn a predecessors rule quickly? How can one-party control of the White House and Congress speed policy changes? When a new Commander in Chief takes office and their party also controls both chambers of Congress how quickly can they make changes to health policy?

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