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Tech Update: Lloyd’s Backs BreachBits; ZoJacks Prevents Water Claims; Eagleview Expands Drone Options

Insurance Journal

Washington, D.C.-based BreachBits has received an investment of an undisclosed amount from Lloyd’s in what is the London-based global insurance marketplace’s third strategic innovation investment from among over 150 alumni of the Lloyd’s Lab.

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Florida Adjusters Beware: Failure to Follow Estimating Rule 69BER24-4 Can Jeopardize Your License

Property Insurance Coverage Law

Public adjusters and all property insurance adjusters working in Florida need to take notice. Failure to comply with the estimating standards laid out in Rule 69BER24-4, now permanently incorporated into Rule 69B-220.201, may result in serious ethical violations. These violations could put your license at risk. A public adjuster recently asked me whether it was … The post Florida Adjusters Beware: Failure to Follow Estimating Rule 69BER24-4 Can Jeopardize Your License appeared first on Pro

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Crime Syndicates in Southeast Asia Go Global, Defying Crackdowns

Insurance Journal

Cyber crime syndicates that run multi-billion-dollar scam operations across Southeast Asia are still expanding despite recent law enforcement crackdowns, building links from Ireland to Mexico and reaching a potentially irreversible global spillover, the United Nations warned.

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What If Every Insurance Company Engineer Report Suggests a Denied Claim? We’re About to Find Out

Property Insurance Coverage Law

A recent conversation on LinkedIn has sparked serious questions about the objectivity of engineering reports used by insurance companies. Our firm is now taking the first step to find out whether the claims of systemic bias hold water. It all started when a public adjuster responded to a thread involving attorney Steven Badger. The statement … The post What If Every Insurance Company Engineer Report Suggests a Denied Claim?

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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All ships passing through European waters must now provide proof of insurance

Splash: Finance and Insurance

The European Commission has adopted another key measure to crackdown on the so-called shadow fleet passing through its waters. The amendment to the Vessel Monitoring Directive now requires all vessels, including those merely passing through European Union waters without entering an EU port, to provide insurance information.

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Blog Post: Revolutionizing Corporate Legal Departments: The Impact of Generative AI Tools on Efficiency and Strategic Value

LexisNexis

The adoption of generative artificial intelligence (Gen AI) tools in the corporate legal sector continues to accelerate. Nearly half (49%) of in-house counsel expect Gen AI tools to yield cost savings for their legal departments, and a quarter are already seeing cost benefits, according to an Association of Corporate Counsel survey. AI stands as a force reshaping how in-house legal teams operate.

Agents 52
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Why You Should Purchase Riders with Life Insurance Policies

Top Insurance Blogs

Living and working as one whose family depends on their financial support can be very risky without a life insurance policy. In the case of unfortunate eventuality which can come up at any time, only the financial security of your family is what will determine if life wont become miserable for your dependents. Though life […] The post Why You Should Purchase Riders with Life Insurance Policies appeared first on My Top Insurance Blogs.

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How Long Will My Employee Be Off Work? Applying Evidence-Based Injury Duration Guidelines

AMAXX

Efficient management of workers’ compensation claims significantly impacts both employee recovery outcomes and organizational costs. Evidence-based medicine (EBM) guidelines, particularly injury duration guidelines, provide structured estimates of typical recovery periods, helping set realistic recovery expectations and facilitating effective claims management.

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Blog Post: Defining The Best Corporate Legal Department

LexisNexis

How does a company define the best corporate legal department? Good, better and best are subjective unless there are defined metrics across various criteria to define best. The criteria to determine high-performing legal departments typically include qualitative and quantitative factors. For the former, qualitative factors, a key criterion is maturity in decision-making with data-driven insights.

Risk 52
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Take the Hassle Out of Claims Management

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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Thai-Chinese Firm Denies Flouting Safety Measures in Probe of Skyscraper Collapse

Insurance Journal

A Thai-Chinese company denied Monday allegations its steel rods did not pass safety standard tests after nationwide criticism prompted an investigation into the collapse of a high-rise building under construction after an earthquake last month in Bangkok.

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Read the New Appraisal Law and Weep — Appraisal Rules Are Trending to Become Statutory

Property Insurance Coverage Law

Whoever wrote the proposed Iowa laws regarding insurance appraisal has a very narrow understanding of what appraisal is and how it functions. While I admit that I have not studied this law in great detail, the details as I read the new law are very different than how appraisal operates in any other state. From … The post Read the New Appraisal Law and Weep Appraisal Rules Are Trending to Become Statutory appeared first on Property Insurance Coverage Law Blog.

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How to Process Your Car Insurance Claim in Germany

Top Insurance Blogs

As someone who has insured my car in Germany for over 20 years and spent a decade working as an insurance agent, I’ve seen the ins and outs of the car insurance industry. Whether you’re a citizen or an expat living in Germany, understanding how to process a car insurance claim is important. This guide […] The post How to Process Your Car Insurance Claim in Germany appeared first on My Top Insurance Blogs.

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Demystifying Evidence-Based Medicine in Workers’ Compensation

AMAXX

Evidence-Based Medicine (EBM) is increasingly recognized as a critical component in workers’ compensation, influencing treatment decisions, recovery outcomes, and cost management. Understanding EBM helps stakeholdersfrom medical professionals to claims managersmake informed decisions grounded in high-quality research and best practices. What is Evidence-Based Medicine?

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Protecting Your Business—and the Planet—From Pollution Risks

Central Insurance

Uncover the proactive measures you can implement today to help safeguard your company and the environment. The post Protecting Your Businessand the PlanetFrom Pollution Risks appeared first on Central Insurance Blog.

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Uber Spends Six Figures on Ads in Latest NY Insurance Reform Push

Insurance Journal

Uber Technologies Inc. is spending six figures on advertisements in New York in its latest appeal to lawmakers to address issues stemming from the insolvency of the city’s largest taxi insurer.

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The Antitrust Wildfire Lawsuits That Could Burn Down Insurance Industry Norms

Property Insurance Coverage Law

The recent filing of two sweeping antitrust lawsuits in California against a long list of most of the admitted California insurance companies has generated immediate attention within the insurance industry. 1 The lawsuits accuse major property insurers of colluding to reduce access to affordable and comprehensive fire insurance in high-risk areas of California by collectively … The post The Antitrust Wildfire Lawsuits That Could Burn Down Insurance Industry Norms appeared first on Property

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Emerging Contaminants: Ethylene Oxide

Distinguished

Emerging contaminants are chemicals in the environment that have been recently identified as posing a potential risk to the environment or public health. These contaminants may arise from everyday products or their use in various industries. As these contaminants are detected in the environment with increased frequency and concentration, they become subject to greater scrutiny as they are typically not adequately regulated under current environmental laws and regulations.

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Roof Claims Surge: A 30% Increase from 2022 to 2024

TGS

TGS Insurance Blog Roof claims have become a significant concern for homeowners and insurers alike, with costs escalating dramatically in recent years. According to Verisk’s “U.S. Roofing Realities Trend Report,” roof repair and replacement costs reached nearly $31 billion in 2024, marking a 30% increase since 2022. The Rising Tide of Roof Claims Several factors contribute to the surge in roof claims: Wind and Hail Damage: These elements were the primary drivers of loss costs,

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Hosting Your First Open Enrollment Q&A – and Why It Can Be a Game Changer

Word & Brown

Byline credit to Jon Asfahl, Enrollment Specialist, Word & Brown General Agency Helping your clients employees understand their benefit options is critical for the employees and for your clients. One way to make sure they have the information they need is by hosting a Questions & Answer (Q&A) session as part of the groups Open Enrollment (OE).

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UK’s Extremely Dry Start to Year Raises Crop and Wildfire Risks

Insurance Journal

The UK’s driest start to the year in four decades is threatening the country’s grain crops and increasing the risk of wildfires. Total precipitation of about 20.5 centimeters (8.

Risk 184
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ACV, RCV, and GCOP: Why the Ninth Circuit’s Ruling Matters to Claims Professionals and Policyholders

Property Insurance Coverage Law

This weeks ruling by the Ninth Circuit in Dow v. Safeco Insurance Company of America 1 serves as a timely reminder for claims professionals to revisit how to interpret actual cash value (ACV), replacement cost value (RCV), and general contractor overhead and profit (GCOP) under property insurance policies which define the terms. This case, which … The post ACV, RCV, and GCOP: Why the Ninth Circuits Ruling Matters to Claims Professionals and Policyholders appeared first on Property Insuranc

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Landlord Insurance in Chicago, Illinois: Everything Brokers and Property Owners Need to Know

Distinguished

Imagine a property owner in Chicago is facing a burst pipe in the middle of winter. The damage is extensive, and tenants are forced to relocate while repairs are underway. Without the right insurance, the landlord absorbs the full financial hit not just from repairs but also from lost rental income. Illinois rental market is thriving, with approximately 32% of residents renting rather than owning.

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How to Prevent Workplace Injuries and Reduce Workers’ Compensation Claims

Mark Jackson Insurance Agency

Crutches leaning against a wall by Anna Shvets Workplace injuries affect more than just your team. They can also disrupt operations and increase costs. For business owners, preventing injuries is key to protecting employees, maintaining productivity, and minimizing workers compensation claims. The good news is that many workplace accidents can be prevented with the right training and protocols in place.

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How to Save on Roadside Assistance With Freeway Auto Club 

Freeway Insurance

Breaking down on the side of the road doesnt just derail your day; it can also put a serious dent in your finances. Luckily, you can save on roadside assistance with a bit of planning and preparation. Getting a roadside assistance plan ahead of time will give you a critical lifeline if you break down on the side of the road. With Freeway Auto Club , youll be able to focus on getting back behind the wheel instead of worrying about costly tows or mobile mechanic costs.

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India Plans to Ease Nuclear Liability Laws to Attract Foreign Firms, Sources Say

Insurance Journal

India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure.

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Private Equity Meets Public Adjusting: Opportunity or Alarm Bell?

Property Insurance Coverage Law

Theres a curious echoing through the hallways of the public adjusting industry. Private equity is knocking on the door. It is not just knocking politely but banging with a battering ram made of spreadsheets, valuations, and ambitious acquisition plans. I personally know of at least four private equity deals that have already gone through involving … The post Private Equity Meets Public Adjusting: Opportunity or Alarm Bell?

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The Best Health Insurance Options for International Students in Australia

Top Insurance Blogs

Australia is not only known for its world-class education system but also for its robust healthcare infrastructure. If you’re planning to study here, knowing that adequate health insurance is not optional is important. Adequate health insurance coverage is a legal requirement for most international students in Australia. But with so many policies and providers, how […] The post The Best Health Insurance Options for International Students in Australia appeared first on My Top Insuranc

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Compliance Bulletin: Unsolicited Contact With a Beneficiary

PSM Brokerage

The purpose of this bulletin is to provide guidance on unsolicited contact with a beneficiary and the potential penalties for non-compliance with CMS regulations. Unsolicited Contact is Prohibited According to CMS Medicare Communications and Marketing Guidelines , marketing through unsolicited contact is strictly prohibited. Violating CMS rules can result in serious consequences , including: Civil monetary penalties Criminal penalties Exclusion from federal healthcare programs Termination of ca

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Insights to Impact with Majesco’s Spring ’25 Release

Majesco

A high-speed train achieves efficiency and optimization through several key factors. Advanced technology, such as aerodynamic designs and powerful engines, reduces air resistance and increases speed, allowing the train to travel faster while consuming less energy. Streamlined operations, including precise scheduling, efficient boarding processes, and minimal stops, further reduce travel time and improves speed to destination.

Risk 52
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Kentucky Auditor Announces Investigation of State’s Medical Cannabis Program

Insurance Journal

FRANKFORT, Ky.

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Simplifying Risk Management: An Overview of Blanket Mortgage Hazard Insurance

Unitas Financial Services

In todays dynamic lending environment, minimizing uninsured risk across a real estate portfolio isnt just a best practice, its a foundational element of long-term success. As institutions seek more efficient, borrower-friendly ways to protect real estate collateral, Blanket Mortgage Hazard Insurance has emerged as a modern alternative to traditional force-placed insurance methods.

Risk 52
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What Would Be the Best Reason for a Late Submission of Insurance Claim?

Top Insurance Blogs

When it comes to claim reporting, it is better late than never. How long your submission of insurance claim takes depends on your insurer’s terms. While its okay to have a genuine reason for the late submission of your health insurance claim, whats most important is to say the whole truth and nothing but the […] The post What Would Be the Best Reason for a Late Submission of Insurance Claim?