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One in Four UK Firms Cut Jobs After Reeves Budget, PMI Shows

Insurance Journal

Almost one in four British businesses cut jobs in December amid widespread pessimism over the squeeze on their finances from Labour’s tax-raising budget.

Insurance 264
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Deeper Analysis of How to Interpret Insurance Policy Language—Where Insurance Coverage Nerds Go for the Weekend

Property Insurance Coverage Law

If you can interestingly hang with these concepts: [R]ecognizing that insurance policies, particularly standard form policies and especially those purchased by consumers, often operate more like a purchased product rather than a negotiated deal, can assist the court in better determining the purpose and function of the policy and intent of the contracting parties.

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Rhode Island Ransomware Attack Update: Some Stolen Data Posted to Dark Web

Insurance Journal

As Rhode Island state officials feared would happen, hackers responsible for a ransomware attack on a popular state-administered benefits portal have posted some of the stolen information to the dark web.

Cyber 289
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Globus Maritime bags sale and leaseback for ultramax newbuid

Splash: Finance and Insurance

Greek dry bulk owner Globus Maritime has struck a sale and leaseback deal for one of its recently delivered vessels. The Nasdaq-listed company said it had sold its ultramax Glbs Magic to a Japanese buyer for $25m in December and chartered the 2024-built bulker back for 10 years.

Insurer 84
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Streamline Claims Management By Analyzing Legal Trends

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to better serve clients. Adjusters are able to evaluate claim validity, estimate settlement amounts and identify potential litigation risks. Leverage our Litigation Insights for Key State Trial Court Intel.

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Blog Post: OFLC Reminder: H-2B Application Filing Timelines for 2025 Peak Filing Season

LexisNexis

OFLC, Dec. 30, 2024 "The Office of Foreign Labor Certification (OFLC) reminds employers and other interested stakeholders that the filing window to submit an H-2B Application for Temporary Employment Certification (Form ETA-9142B and appendices) requesting work start dates of April 1, 2025, or later, will open on January 1, 2025, at 12:00 a.m. Eastern Time.

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Verisk to Get First Cat Model Under Review for Insurance Ratemaking in California

Insurance Journal

Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under a reform pushed by California Insurance Commissioner Ricardo Lara.

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Are Appraisals Adjustments? What Exactly is AUP Adjusting?

Property Insurance Coverage Law

The Insurance Journal published an article,For AUP in Claims, Objectivity and Training Expertise is Key,by a Sedgwick executive regarding an insurance term I was not familiar with: Appraisal Under Policy (AUP). No insurance treatise or dictionary of insurance terms provided a definition. It was obvious from reading the article that the author was referring to … The post Are Appraisals Adjustments?

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Get Started Building Your NEW Workers’ Comp Program in 2025

AMAXX

When embarking on the journey to master workers compensation, the road is well-traveled and marked by proven strategies. Success is not an accident; it is the outcome of following a series of deliberate steps, executed in the right sequence. Our three components to achieve workers comp mastery are: Framework , Employer Controls , and External Controls.

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Seacon agrees sale and leaseback for bulker newbuild

Splash: Finance and Insurance

Chinas Seacon Shipping has secured financing for one of its handysize bulk carriers under construction in Japan. The Hong Kong-listed company said in a filing it had agreed to a $31.38m sale and leaseback deal for a 40,000 dwt bulker with Panama-incorporated Dawn Shipping and its Japan-based parent, whose ultimate beneficial owner is Kohei Kondo.

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Ruby’s ammonium nitrate cargo arrives in Africa

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Rubys ammonium nitrate cargo arrives in Africa appeared first on Insurance Marine News.

Marine 59
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US Dockworkers, Port Employers Set to Restart Talks Next Week

Insurance Journal

Leaders from a US dockworkers’ union and the group that represents their employers are set to resume contract talks on Jan. 7 as the threat of a strike looms, according to a person familiar with the negotiations.

Risk 287
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Happy New Year 2025!

Property Insurance Coverage Law

This New Year has me thinking about a post I wrote twelve years ago, Oh the Places You Will GoEspecially in the Insurance Claim Industry. I made the following remark, which, for me, is still true today: The insurance claim industry is especially fun if you enjoy travel and meeting interesting people. Losses and catastrophes … The post Happy New Year 2025!

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1/2/25 is the Best Day to FEEL the Value of Return to Work

AMAXX

Click Link to Access Free PDF Download “13 Research Studies to Prove Value of Return-to-Work Program & Gain Stakeholder Buy-In” The only way to truly understand it is to feel it. Hello, my name is Michael Stack and I’m the c e O of amax and happy New year to you. It’s January 3rd, 2023. Brand new start to a fresh and shiny year.

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North Carolina New Minimum Auto Insurance Requirements 2025

TGS

TGS Insurance Blog Understanding the New North Carolina Minimum Auto Insurance Requirements Effective January 1, 2025 Starting January 1, 2025, North Carolina will implement new minimum auto insurance requirements, marking a significant update to the state’s financial responsibility laws. These changes are designed to provide better financial protection for drivers, passengers, and others involved in auto accidents.

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Two Greek shipping companies fined $4.5m for illegal oil discharges and cover-up

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Two Greek shipping companies fined $4.5m for illegal oil discharges and cover-up appeared first on Insurance Marine News.

Marine 59
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New Orleans Barriers to Prevent Vehicle Attacks Were in the Process of Being Replaced

Insurance Journal

NEW ORLEANS (AP) Seven years ago, New Orleans officials began installing adjustable barriers at intersections in the famed French Quarter to temporarily prevent vehicles from entering the tourist area where the narrow streets are typically teeming with pedestrians every …

Risk 286
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The Hidden Health Risks in Fire-Surviving Structures

Property Insurance Coverage Law

The University of Colorado Boulder has published two new research papers examining the air quality inside homes that survived the 2021 Marshall Fire, Colorado’s most destructive wildfire, and its impact on residents’ health. These studies are among the first to investigate air quality within smoke and ash-damaged homes and assess the health effects on occupants. … The post The Hidden Health Risks in Fire-Surviving Structures appeared first on Property Insurance Coverage Law Blo

Risk 167
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Why Lightspeed Solutions is the Best MSP & Cybersecurity Partner for Insurance Agencies

Agency Intelligence

In an industry as data-driven and customer-focused as insurance, maintaining a secure, reliable, and efficient IT environment is essential. The right managed service provider (MSP) doesnt just keep your systems runningthey offer proactive protection, seamless integration, and knowledgeable support tailored specifically to your industry.

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Dynamic Retirement Income Planning with IUL

The Insurance Pro

Indexed universal life insurance has unique features that make it resilient when change becomes necessary. And a lesson all retirees will eventually learn is their plan during retirement will require adjustments. Today I want to highlight the versatility IUL retirement planning brings to a plan specifically focused on how the product accommodates changing needs over.

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Hatch covers for Russian nuclear icebreaker lost through Ursa Major sinking

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Hatch covers for Russian nuclear icebreaker lost through Ursa Major sinking appeared first on Insurance Marine News.

Marine 59
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Wildfire Smoke Health Risks Can Linger in Homes That Escape Burning − as Colorado Survivors Discovered

Insurance Journal

(THE CONVERSATION) On Dec. 30, 2021, a wind-driven wildfire raced through two communities just outside Boulder, Colorado. In the span of about eight hours, more than 1,000 homes and businesses burned.

Risk 286
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The Majority of Insurance Agents Do Not Read the Policies They Sell—Many Professionals in the Insurance Service Sector Fail to Read the Full Policy

Property Insurance Coverage Law

Insurance policyholders do not read the insurance policies that are sold to them. The insurance contracts are not even provided to the policyholder until after the product is purchased. The vast majority of policyholders rely upon and trust their licensed insurance agents to provide them the best coverage at the best affordable price without having … The post The Majority of Insurance Agents Do Not Read the Policies They SellMany Professionals in the Insurance Service Sector Fail to Read t

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Understanding the Impact of Inflation on Senior Living and Retirement Savings

P&L Financial Services

Inflation is a reality that affects everyone, but for seniors and those planning for retirement, its impact can be particularly significant. As insurance agents, understanding how inflation affects senior living expenses and retirement savings is crucial. This knowledge helps you provide better guidance to your clients and strengthens your value as a trusted advisor.

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ACA Commissions

PSM Brokerage

ACA Commissions for 2025 Lets delve into the essential details you need to understand about ACA commissions in 2025. How Commissions Are Structured Per Member Per Month (PMPM): Agents earn a flat rate for each member enrolled, paid monthly as long as the policy remains active. This is the most common structure. Per Contract Per Month (PCPM): Similar to PMPM but based on the entire contract rather than individual members.

Agents 52
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Lock damaged on Kiel Canal

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Lock damaged on Kiel Canal appeared first on Insurance Marine News.

Damage 59
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Federal Flood Insurance: Strict Compliance with Proof of Loss Requirements is Essential

Property Insurance Coverage Law

Public adjusters and policyholders must remain vigilant and precise when dealing with federal flood insurance claims under the National Flood Insurance Program (NFIP). A recent decision in Blocdahl Leasing, LLC v. American Strategic Insurance Corporation 1 highlights a crucial pitfall: Failure to submit a signed proof of loss can completely bar a claim for additional … The post Federal Flood Insurance: Strict Compliance with Proof of Loss Requirements is Essential appeared first on Propert

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Mastering Retargeting: How Insurance Agents Can Convert Window Shoppers into Loyal Clients

The Insurance Marketer

Imagine this: a potential client visits your website, clicks around, maybe even checks out your insurance offerings, but then they leave without signing up. Most agents might think, “Well, that.

Agents 52
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Reinsurance costs fall as sector deploys record capital

Elmore

Decrease follows two years of bumper profits for providers The post Reinsurance costs fall as sector deploys record capital appeared first on Elmore Insurance Brokers.

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Finnish Court upholds detention of Eagle S

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Finnish Court upholds detention of Eagle S appeared first on Insurance Marine News.

Marine 59
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Taiwan Says Chinese Ship Broke Subsea Cable in Alleged Sabotage

Insurance Journal

Taiwan suspects a Chinese-owned cargo vessel damaged an undersea cable near its northeastern coast Friday, in an alleged act of sabotage that highlights the vulnerabilities of Taipei’s offshore communications infrastructure.

Damage 261
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Policyholders and Public Adjusters Often Need to Hire Their Own Experts—Part Two

Property Insurance Coverage Law

In yesterdays post, Policyholders and Public Adjusters Often Need to Hire Their Own Experts, the court found that the insurance policy did not provide coverage for the claimed damages for two primary reasons.1 First, the plaintiffs failed to demonstrate that the damage to their home occurred during the policy period or was caused by a … The post Policyholders and Public Adjusters Often Need to Hire Their Own ExpertsPart Two appeared first on Property Insurance Coverage Law Blog.

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MAG Mutual Insurance Company: 2025 Medical Malpractice Review

LeverageRx

MAG Mutual Insurance Company (MagMutual for short) provides medical professional liability insurance to physicians and hospitals.

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Appellate Court Rules Employers Can Rebut COVID Presumption Even if Judge Initially Finds Claimant is an Essential Employee

New Jersey Workers' Comp

Since Governor Murphy signed Covid legislation several years ago, there has been debate about the legal significance of having a Covid presumption. Some practitioners thought that if the Judge of Compensation should find before trial that the claimant is an essential employee, that means the employee has won the case and then moves on to the issue of permanency.