Insurance Journal
FEBRUARY 17, 2025
Uber Technologies Inc. is pouring millions of dollars into a national ad campaign to push for reforms in insurance policies that it says have been exploited by personal injury lawyers and contribute to higher ride prices.
Property Insurance Coverage Law
FEBRUARY 17, 2025
The Florida House Committee on Banking and Insurance seemed to have many constituents upset with delays and denials when I was testifying in front of them a month ago. The insurance representative tried to explain that many of the denials were because most policies do not cover flood. Our firm was asked to represent a … The post Florida Policyholders Are Upset with Stupid Denials of Claims appeared first on Property Insurance Coverage Law Blog.
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Insurance Journal
FEBRUARY 14, 2025
California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22% rate request from State Farm, instead calling a meeting with the carrier to get some answers about the carrier’s financial situation and more.
Property Insurance Coverage Law
FEBRUARY 14, 2025
The latest revelations about Allstates use of artificial intelligence (AI) in drafting insurance claims emails should serve as a wake-up call for policyholders, insurance regulators, and insurance industry claims handlers. According to a report from Futurism, Allstate Is Demanding We Delete These Quotes by Its Exec About How It’s Using AI to Write Insurance Emails,1 … The post When Artificial Intelligence Becomes Wrongful Intelligence in Claims Handling appeared first on Property Ins
Advertiser: Trellis
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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AMAXX
FEBRUARY 18, 2025
When it comes to managing workers’ compensation, understanding classification rules is fundamental. These rules not only influence the amount you pay in premiums but also help ensure that your company is correctly classified based on the work it performs. Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Splash: Finance and Insurance
FEBRUARY 18, 2025
Two years after it was founded, Hamburgs Marine Alliance is growing through the acquisition of a majority stake in London-based insurance broker Speedwell, who will join the current partnership of Marine Assekuranz and Fram Insurance Brokers.
Insurance Journal
FEBRUARY 13, 2025
Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes last month.
Property Insurance Coverage Law
FEBRUARY 14, 2025
The latest revelations about Allstates use of artificial intelligence (AI) in drafting insurance claims emails should serve as a wake-up call for policyholders, insurance regulators, and insurance industry claims handlers. According to a report from Futurism, Allstate Is Demanding We Delete These Quotes by Its Exec About How It’s Using AI to Write Insurance Emails,1 … The post When Artificial Intelligence Becomes Wrongful Intelligence in Claims Handling appeared first on Property Ins
PSM Brokerage
FEBRUARY 14, 2025
Introduction: Hiring the right licensed-only agents (LOAs) is a critical step in scaling your agency or call center. Whether you're looking to expand your Medicare, ACA, Life Insurance, or Ancillary product offerings, finding top-tier agents can help you increase sales and streamline operations. However, the hiring process can be time-consuming and complex.
Agency Revolution
FEBRUARY 13, 2025
What does marketing success look like? We asked our insurance agency friends about the marketing strategies they get the best return on investment with. The findings were interesting, to say the least! Of the four marketing strategy categories, Content, Search Engine, Traditional, and Word-of-Mouth marketing, here is how insurance agencies ranked each of these in terms of success.
AMAXX
FEBRUARY 18, 2025
Achieving a 90% return-to-work rate within 0-4 days is the gold standard for managing workers’ compensation claims, with best-in-class organizations reaching 95%+. However, some cases present challenges that require a more strategic approach. Consider Psychosocial Factors Recovery from work injuries is often influenced by psychological and social barriers that go beyond physical healing.
LexisNexis
FEBRUARY 19, 2025
The LexisNexis global technology platform incorporates various AI innovations, including extractive AI that identifies relevant results within data and offers detailed insights; generative AI which produces new content from data based on user prompts or instructions; and agentic AI that can perform tasks autonomously on behalf of users. We live in an era of such rapid technological innovation; the only thing certain is change.
Scott Insurance
FEBRUARY 19, 2025
Preserving existing affordable housing is a critical component of addressing Americas affordable housing shortage. However, affordable housing developers focused on rehabilitating, or rehabbing, older properties face many challenges beyond the risks associated with new construction. Understanding Rehab Insurance Challenges Compared to new construction projects, rehabbing affordable housing comes with a unique set of risk management and insurance challenges.
AMAXX
FEBRUARY 17, 2025
When a worker is injured, their experience in the workers’ compensation system can have a profound impact on their recovery, return to work, and overall job satisfaction. A lack of clear communication often leads to confusion, frustration, and even litigation , increasing costs for both the employer and the injured worker. However, implementing strong communication strategies can significantly improve claim outcomes and reduce unnecessary legal battles.
Insurance Journal
FEBRUARY 17, 2025
Indian authorities have ordered British insurer Aviva’s local unit to pay $7.5 million in back taxes and penalties after an investigation found it created fake invoices to pay illegal commissions and claimed incorrect tax credits, an order shows.
Property Insurance Coverage Law
FEBRUARY 15, 2025
Hurricane claims attorneys know that the estimate of damages caused by a storm is the foundation of every favorable judgment and jury verdict. Recently, in a Hurricane Laura case, the United States Fifth Circuit Court of Appeal affirmed the district courts exclusion of the Defendant-Insurers engineers estimate based upon the finding that he was not … The post Residential Property Damage Lawyers Beware: Court Excludes Experts Estimate Finding an Estimate Is Not an Adjustment appeared first
Majesco
FEBRUARY 13, 2025
Today’s insurance customer is under pressure and assault from every angle: Cyber criminals are using data breaches to access bank accounts and credit. Climate risk is growing, and a greater number of Cat events are threatening people and their property. Unsafe driving, inflation, and auto repair costs are responsible, in part, for rising premiums.
Triple-I: Homeowners Insurance
FEBRUARY 13, 2025
Insurance affordability in Georgia is dwindling as claim frequency and insurer costs soar, according to the latest issue brief from Insurance Information Institute (Triple-I), Trends and Insights: Georgia Insurance Affordability. Given the state’s below-average income vs. above-average insurance expenditures, Georgia ranks 42nd on the list of affordable states for homeowners insurance and 47th (plummeting from the 2006 high of 27th) for personal auto affordability, according to reports by
Boyle Agency Insurance
FEBRUARY 20, 2025
Great Protection – Fair Price Bogle Agency Insurance of Lyndhurst NJ offers Chubb Masterpiece Homeowners Insurance to NJ homeowners. We serve homeowners in Bergen County, Morris County and surrounding NJ counties. Chubb is a top American insurance carrier that offers a quality product to NJ homeowners to protect their most valuable asset, their home.
Insurance Journal
FEBRUARY 14, 2025
iink, a provider of technology to streamline the property damage insurance claims process and support faster payments to contractors, property owners, and claim professionals, is pleased to announce the appointment of Scott Fleszar as its new Chief Executive Officer. Mr.
Property Insurance Coverage Law
FEBRUARY 19, 2025
As hurricane claims attorneys on both sides of the v. in litigation know, a fundamental tenet of Louisiana Law is that [A]n insurer has a continuing duty of good faith and fair dealing which extends throughout the litigation period. 1 Mental anguish, emotional distress, humiliation, aggravation, inconvenience, loss of property, loss of use, and defense … The post Policyholder Prevails in Bad Faith Lawsuit appeared first on Property Insurance Coverage Law Blog.
Southwest Insurance Agents Alliance
FEBRUARY 20, 2025
The insurance industry is fiercely competitive, with local agencies focused on in their marketing efforts to secure a portion of the market. However, many insurance business owners fall into the pitfall of trying to lure potential customers by offering the lowest prices. While low prices might be sensible for large companies that sell in high volumes, for a small business, it is a poor strategy.
R&R Insurance
FEBRUARY 20, 2025
This article was updated on February 17th, 2025 with fresh statistics. It's the same story as was originally published in 2019, just more intense! On October 1, 2024 Wisconsin continued its trend entering a ninth consecutive year of reduced workers compensation insurance rates. Rates in 2024 fell an average of 10.5% compared to 2023, which is the most dramatic reduction in over a decade.
Zywave
FEBRUARY 20, 2025
When was the last time you upgraded your tech stack? If you’re answer is “it’s been a while” or “I honestly don’t remember”, it’s probably time to start thinking about an upgrade. But even if you’ve just made updates to your tech stack, is it the optimal set of solutions for your organization? If you’re not sure, here are a few signs that would indicate it’s time for a refresh.
Insurance Journal
FEBRUARY 13, 2025
American International Group CEO Peter Zaffino used the insurer’s fourth quarter earnings call to again talk about reinsurance attachments points, throwing in the possibility 2025 could be the year for $200 billion in insured catastrophe losses.
Property Insurance Coverage Law
FEBRUARY 13, 2025
Can you imagine going through the burned debris of what used to be your business or home, looking for anything that may be left of important sentimental value? Little things of personal property carry immense emotional value to us because they often serve as tangible symbols of our intangible experiences, relationships, and identities. When speaking … The post The Emotional Impact of Recovery from Wildfires appeared first on Property Insurance Coverage Law Blog.
LexisNexis
FEBRUARY 20, 2025
Legal budgeting is a critical component of the law department, yet it presents numerous challenges for legal operations and their stakeholders. Legal budgeting requires a strategic approach, from aligning with corporate financial goals to managing external counsel costs. Below, we explore the common challenges faced in legal budgeting, the preferences of stakeholders, and the role of legal budgeting software in streamlining the process.
Insurance Marine News
FEBRUARY 19, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post EU in talks to fund fleet to repair damaged subsea cables appeared first on Insurance Marine News.
Zywave
FEBRUARY 13, 2025
In this webinar, our ACA expert will provide an overview of Section 6055 and 6056 reporting for calendar year 2024, which is due in early 2025. The discussion will include recent legislation on these reporting requirements, information on updated versions of the required IRS forms and instructions, along with answers to common questions about the reporting process.
Insurance Journal
FEBRUARY 18, 2025
A Delta Air Lines Inc. regional jet flipped out of control after landing in windy, freezing conditions in Toronto, skidding along the runway and coming to rest upside down after losing its tail and one of its wings.
Property Insurance Coverage Law
FEBRUARY 18, 2025
I wish I had a dollar for every person who has said, This is a slam dunk bad faith case. One lesson I repeatedly tell readers of this blog is that there is no such thing as an easy lawsuit. The second is that allegations in a complaint are one thing, and proof to satisfy … The post Winning a Bad Faith Lawsuit Is Never Easy appeared first on Property Insurance Coverage Law Blog.
LexisNexis
FEBRUARY 20, 2025
By Madison Johnson, Esq. | Manager, Large Markets The legal profession is witnessing a transformative shift with the emergence of artificial intelligence (AI) systems. The new class of AI-powered tools, known as Agentic AI, are destined to shape the future as we navigate the ethical implications of their adoption in the legal industry. These AI tools, characterized by their ability to act autonomously on behalf of users while adhering to specific constraints and objectives, are changing how lega
Insurance Marine News
FEBRUARY 19, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Crew fatigue caused grounding of ship on the Bulgarian coast, finds Britannia case study appeared first on Insurance Marine News.
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