Trending Articles

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90% of Insurers Have GenAI Budgets; 10% Can Fully Comply With AI Regs

Insurance Journal

Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs and improve risk management, but few are fully ready to comply with regulations or to monitor AI results.

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Supporting the American Policyholder Association With Time and Money Is an Obligation If You Are a True Policyholder Advocate

Property Insurance Coverage Law

The American Policyholder Association (APA) has emerged as a powerful force in the fight against insurance fraud, with recent achievements highlighting the critical importance of its work. The organization’s efforts, supported by dedicated legal professionals, concerned citizens, and courageous property insurance adjusters, have led to groundbreaking exposés that are shaking the foundations of the insurance … The post Supporting the American Policyholder Association With Time and Mon

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Split Decision: Florida Districts Clash Over Insurance Coverage for Unperformed Repairs

The Property Insurance Law Observer

In the recent decision Universal Property & Casualty Insurance Co. v. Qureshi , the Florida Fourth District Court of Appeal held that homeowners cannot recover replacement cost benefits unless they have incurred expenses for repairs. The court emphasized that under both the insurance policy’s plain language and Florida Statute §627.7011(3)(a), payment of replacement cost value is contingent upon the actual completion of repairs.

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Nuclear power for shipping pioneer CORE POWER swells funding to $500m

Splash: Finance and Insurance

Shipping nuclear propulsion start-up CORE POWER is set to reach a funding milestone of $500m, which will support the UK-based company in finishing the technology designs and building the program for the maritime industry.

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ACA open enrollment: what’s new for 2025

Healthinsurance.org

In this article DACA recipients may be eligible to use the Marketplace Georgia switches to state-run Marketplace platform State-funded health insurance subsidies change in several states Some Oregon enrollees may switch to Basic Health Program Individual and family premium increases average 6-7% At least 11 states will see carrier entries and exits New short-term health insurance rules affect access to coverage Rules prevent unauthorized enrollments and plan changes Open enrollment for 2025 ACA

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Former Iowa Insurance Producer Sentenced for Wire Fraud and Money Laundering

Insurance Journal

William Berg, an insurance producer and former financial advisor from Waukee, Iowa, was sentenced to nine years in prison on Friday after pleading guilty in federal court to wire fraud and money laundering charges.

Insurer 270
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Tornado Damage During Hurricanes: Navigating the Deductible Dilemma

Property Insurance Coverage Law

Note: This guest post is by Frederick “Beau” Kron, an Independent Adjuster, Trainer, Appraiser & Umpire. He has written this post as an Independent Adjuster and not on behalf of the IAUA. Opinions expressed are solely his own and are not meant to express the views or opinions of the IAUA. This year, a record-tying … The post Tornado Damage During Hurricanes: Navigating the Deductible Dilemma appeared first on Property Insurance Coverage Law Blog.

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What Does an Insurance Adjuster Do?

Wren Insurance Agency

We realize that not everyone lives and breathes insurance everyday like we do, so we like to take some time now and then to explain some "Insurance 101" items to ensure clients are as educated as possible when it comes to making decisions on insurance. At this time of year, typically due to Florida storms causing damage to our homes, there are a larger number of insurance claims than normal.

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15 Tips For Recruiting Insurance Agents (From Industry Experts)

EverQuote

Recruiting insurance agents is always a challenge. Finding great ones is even more difficult, especially when you’re short-staffed and need someone to follow up with all the qualified leads you’re getting. You might be tempted to hire from the first batch of decent candidates, but you know that probably won’t bode well for the long-term success of your business.

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North-Central Italy Sees Floods, Road Closures After Heavy Rains

Insurance Journal

Floods engulfed parts of north-central Italy from overflowing rivers following days of heavy rain, prompting the state-led road operator to close some expressways. Severe flooding was seen in the region of Emilia Romagna on Sunday.

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Church Mutual’s Claims Practices Under Scrutiny: Lessons from the First Baptist Church of Iowa Case

Property Insurance Coverage Law

A federal appellate decision has provided valuable insights into the claims handling practices of Church Mutual Insurance Company and the duties of insurers in Louisiana. The case of First Baptist Church of Iowa, Louisiana v. Church Mutual Insurance Company, 1 offers important lessons for property adjusters and claims managers across the industry. This case serves … The post Church Mutual’s Claims Practices Under Scrutiny: Lessons from the First Baptist Church of Iowa Case appeared f

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USAID provides funding to fight maritime corruption in major ports

Splash: Finance and Insurance

The Maritime Anti-Corruption Network (MACN) has received two-year project funding from the US government’s development agency USAID to help in the fight against transnational maritime sector corruption. These funds are part of USAID’s ‘Doing Business with Integrity’ activity and the collaboration will be part of its ‘Countering Transnational Corruption Grand Challenge for Development’.

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Two Main Reasons Why Workers’ Compensation Costs Skyrocket

AMAXX

One of the most significant challenges for employers today is managing the rising costs of workers’ compensation claims. The price tag associated with these claims can severely impact a company’s bottom line if not controlled effectively. This post will dive into the two primary reasons why workers’ compensation costs are often higher than they should be, and how employers can take charge of the process to reduce those expenses.

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Worried About Lead in Your Workplace?

CDC: Workers Compensation

Our goal in public health is to keep people safe from the hazards around them including in the workplace. If you are worried about lead or other possible hazards in your worksite, there is something you can do about it. There’s a program for that The National Institute for Occupational Safety and Health’s Health Hazard Evaluation Program was created to alleviate and address these kinds of concerns.

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Texas Reaches $3.5M Settlement With Marriott Over Customer Data Breach

Insurance Journal

Texas Attorney General Ken Paxton announced the state has secured a settlement with Marriott International, Inc., that resolves an investigation into a breach of one of the company’s reservation databases.

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Policyholders Beware of Whom You Hire Regarding Your National Flood Insurance Claim

Property Insurance Coverage Law

Bad legal advice is to be avoided. Wrong legal advice and instruction can be disastrous. I was thinking about this while calling FAPIA Managing Director Nancy Dominguez to take down a wrong proof of loss form that some ignorant attorney had sent to a group as the proper NFIP proof of loss to be filed … The post Policyholders Beware of Whom You Hire Regarding Your National Flood Insurance Claim appeared first on Property Insurance Coverage Law Blog.

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Diversification is vital in navigating the volatile waters of maritime investment

Splash: Finance and Insurance

Atef Abou Merhi, managing director of Pelagic Partners, has some ship investment advice for Splash readers. When it comes to financial investment, the maritime industry represents an exciting, diverse and fast transitioning market – and one full of opportunity.

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Cigar Smokers Never Pay Smoker Life Insurance Rates!

RiskQuoter

Cigar smokers – you can get non-smoker life insurance rates! We'll show you which companies offer the best deals based on how often you smoke. Our expertise and competitive rates will save you money. The post Cigar Smokers Never Pay Smoker Life Insurance Rates! appeared first on RiskQuoter.com.

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New Dubai firm is managing Russian LNG Ships

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New Dubai firm is managing Russian LNG Ships appeared first on Insurance Marine News.

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Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk

Insurance Journal

Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind.

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Amy Bach and United Policyholders Raise Issues About Insurance Executives Insurance Taking Monies Through Excessive Payouts

Property Insurance Coverage Law

Amy Bach‘s recent LinkedIn post yesterday highlighting concerns about excessive compensation in the insurance industry has struck a chord with many policyholders and consumer advocates. Bach raised these issues in a panel discussion at the American Academy of Actuaries. Her observations are particularly pertinent to the ongoing challenges faced by consumers in the insurance market, … The post Amy Bach and United Policyholders Raise Issues About Insurance Executives Insurance Taking M

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Bahri clinches $756m financing for Marinakis VLCCs deal

Splash: Finance and Insurance

Saudi Arabia’s flagship line Bahri has secured $756m to partially finance nine very large crude carriers it agreed to buy from Evangelos Marinakis-controlled Capital Maritime & Trading earlier this year. The Riyadh-based company has penned a murabaha financing deal with Alinma Bank.

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Blog Post: California Workers’ Comp Benefits to Increase in 2025

LexisNexis

Oakland, CA – California’s State Average Weekly Wage (SAWW) rose nearly 3.8 percent in the year ending March 31, 2024, which will result in an increase in California workers’ compensation temporary total disability (TTD) and permanent total disability (PTD) rates for 2025 work injury claims and other workers’ compensation benefits that are tied to SAWW increases.

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English law confirmed to cover arbitration agreement despite arbitration being seated in France

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post English law confirmed to cover arbitration agreement despite arbitration being seated in France appeared first on Insurance Marine News.

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Tesla ‘Full Self-Driving’ Faces Defect Probe After Fatality

Insurance Journal

The US opened a federal investigation into whether Tesla Inc.’s partial-automation system marketed as Full Self-Driving is defective after a series of crashes, one of which resulted in a fatality.

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Home insurance premiums to keep rising in ‘difficult year’

Elmore

Insurers are attempting to stem persistent losses on their underwriting The post Home insurance premiums to keep rising in ‘difficult year’ appeared first on Elmore Insurance Brokers.

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What Employers Should Know About Seasonal Employment

R&R Insurance

Many organizations rely on seasonal workers to supplement their regular workforce during peak times. Your immediate thought upon reading this might be that this is about determining benefits eligibility under the Affordable Care Act (ACA). Well, that’s only part of the challenge; there is so much more to consider! The ACA addresses implications related to group medical benefits.

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Blog Post: 3 Immigrants To America Win 2024 Nobel Prize In Economics

LexisNexis

Stuart Anderson, Forbes, Oct. 15, 2024 "Three immigrants to America have won the 2024 Nobel Prize in economics, illustrating continued contributions by immigrants to the United States. The three immigrants—one from Turkey and two from the United Kingdom—are affiliated with U.S. universities. Immigrants have been awarded 38%, or 45 of 117, of the Nobel Prizes won by Americans in chemistry, medicine and physics since 2000, according to an analysis by the National Foundation for American Polic

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Cargo ship captain in sanctions-busting charge in France has been acquitted

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cargo ship captain in sanctions-busting charge in France has been acquitted appeared first on Insurance Marine News.

Marine 52
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Cuba Hit by Tropical Storm Oscar as It Struggles to End Blackout

Insurance Journal

Cuba was dealing with heavy rains and winds today from Tropical Storm Oscar, even as it continues to deal with a prolonged blackout affecting a large swath of the island. According to the U.S.

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Why the cost of insurance is driving UK motorists to distraction

Elmore

This multi-faceted problem is not for the industry alone The post Why the cost of insurance is driving UK motorists to distraction appeared first on Elmore Insurance Brokers.

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Usage-Based Car Insurance (UBI): Save Money in Florida with PAYD and Telematics Car Insurance

Top Insurance Blogs

A Complete Guide to Usage-Based Insurance (UBI) When it comes to car insurance, many people feel frustrated by how prices are calculated. Why should someone who rarely drives or is a safe driver pay the same as someone who drives a lot or has a history of accidents? This is where Usage-Based Insurance (UBI) comes […] The post Usage-Based Car Insurance (UBI): Save Money in Florida with PAYD and Telematics Car Insurance appeared first on My Top Insurance Blogs.

Insurer 52
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Maximizing Long-Term Care Insurance During the Flu Season

P&L Financial Services

As we enter the colder months, seniors face an increased risk of illness, particularly during flu season. One of the best ways to protect your health is by ensuring your long-term care insurance covers any additional needs that may arise. Maximizing long-term care insurance during this time can help seniors maintain their health and avoid unnecessary medical expenses.

Insurer 52
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NZDF works to recover three loose shipping containers off Samoa

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post NZDF works to recover three loose shipping containers off Samoa appeared first on Insurance Marine News.

Marine 52
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New York Updates Financial Services Cybersecurity Regulation to Address AI Risks

Insurance Journal

The New York Department of Financial Services (DFS) has issued new guidance to assist the more than 3,000 firms including insurers it regulates in addressing cybersecurity risks arising from artificial intelligence (AI).

Risk 289
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How the Climate Crisis is Impacting the UK Property Insurance Market

Property Insurance Centre

How the Climate Crisis is Impacting the UK Property Insurance Market in 2023-2024 The UK property insurance market is increasingly being reshaped by the climate crisis , with extreme weather events such as storms and flooding becoming more frequent and costly. Recent data from 2023 and 2024 highlights the financial strain on insurers and property owners alike, driven by more severe storms, heavy rainfall, and unpredictable weather patterns.

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Usage-Based Car Insurance (UBI): Save Money in Florida with PAYD and Telematics Car Insurance

Top Insurance Blogs

A Complete Guide to Usage-Based Insurance (UBI) When it comes to car insurance, many people feel frustrated by how prices are calculated. Why should someone who rarely drives or is a safe driver pay the same as someone who drives a lot or has a history of accidents? This is where Usage-Based Insurance (UBI) comes […] The post Usage-Based Car Insurance (UBI): Save Money in Florida with PAYD and Telematics Car Insurance appeared first on My Top Insurance Blogs.

Insurer 52