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Did Florida Appeals Court Put the Final Nail in the AOB Coffin? Maybe

Insurance Journal

Almost five years after Florida lawmakers clamped restrictions on assignment-of-benefits agreements and two years after they effectively outlawed AOBs altogether, state appeals courts may have finally put an end to one creative way that been used in attempts to get …

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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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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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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.

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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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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.

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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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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.

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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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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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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.

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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.

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The Benefits of Health Savings Accounts (HSAs)

Boyle Agency Insurance

Rising healthcare costs continue to be a concern for individuals and families across the United States. In this era of increasing medical expenses, having a financial tool that can help you manage healthcare costs while providing comprehensive health insurance coverage is invaluable. Enter the Health Savings Account (HSA). Understanding Health Savings Accounts A Health Savings Account, or HSA, is a powerful financial tool that has gained popularity for its ability to assist individuals and famil

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What are your obligations as a landlord?

Cover4LetProperty

For some individuals, a buy to let business might be their entire livelihood. For others, it might have been something into which they have fallen almost by accident a property they inherited or a home in which they no longer live the so-called accidental landlord. (Please read our free The Accidental Landlord Guide if you are a new, accidental landlord ).

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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.

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Policyholders and Public Adjusters Often Need to Hire Their Own Experts

Property Insurance Coverage Law

I often hear this question when discussing a loss with a potential client or public adjuster: Chip, isnt it an all-risk insurance policy? This question is often in response to a question I asked them: What caused the loss? To prove the point of this blogs title, in a recent trial court order finding for … The post Policyholders and Public Adjusters Often Need to Hire Their Own Experts appeared first on Property Insurance Coverage Law Blog.

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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.

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Time to Consider a Roof Replacement… Should I Go With Shingle or Metal?

Wren Insurance Agency

As we work our way into the New Year, many of us may be soon faced with the decision of when to replace our aging roof and what type of material is best? From an insurance perspective, having things like a secondary underlayment water barrier (also called an "SWR" or "Secondary Water Resistance" layer), can make a significant difference in your home insurance costs, but perhaps even more surprising than that is the fact that spending more money up front on a metal versus asphalt shingle roof may

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How to pick an insurance agent: 6 questions to ask.

Frankenmuth Insurance

Your relationship with your insurance agent is an important one. Theyll be protecting your most cherished and valuable assets. Wondering how to choose an insurance agent? Here are six questions you can ask to make sure theyre the one. Are you a direct/captive agent or an independent agent? Agents who represent only one insurance company are called direct or captive agents.

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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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Want to Win a Hailstorm Damage Lawsuit? Hire The Right Experts and Establish a Theory of Loss Before Filing a Lawsuit

Property Insurance Coverage Law

Insurance companies denying hail damage claims are repeat players in the litigation arena. The lawyers and experts they choose to defend these denials are as well. This post will provide more insight and lessons as a grand finale to Policyholders and Public Adjusters Often Need to Hire Their Own Experts, and Policyholders and Public Adjusters … The post Want to Win a Hailstorm Damage Lawsuit?

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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.

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Catastrophes cost the world $320bn in 2024, reinsurer reports

Elmore

Losses rise by 30 per cent as climate change takes its toll The post Catastrophes cost the world $320bn in 2024, reinsurer reports appeared first on Elmore Insurance Brokers.

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Doris Ho comes to the aid of Lorenzo Shipping

Splash: Finance and Insurance

Philippine carrier Lorenzo Shipping Corp has received a P270m ($4.6m) financial lifeline from majority shareholder, Doris Ho-led National Marine Corp. National Marine has bought 270m new shares of Lorenzo Shipping at P1 each, much of which will go to pay loss-making Lorenzos belated fuel bills.

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Employer Owes Pay for Actual Time Changing, Showering— Not Its ‘Reasonable’ Estimate

Insurance Journal

A Pennsylvania battery firm has been found responsible for paying $22.25 million in backpay to workers to cover the actual time they spent changing and showering for their jobs working with hazardous materials.

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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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Marine round-up : 9th January 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 9th January 2025 appeared first on Insurance Marine News.

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BlackRock private equity fund takes more than $600mn hit on investment

Elmore

Alacritys restructuring puts it under control of private credit lenders including Antares, Blue Owl, KKR and Goldman The post BlackRock private equity fund takes more than $600mn hit on investment appeared first on Elmore Insurance Brokers.

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Top Spring Hazards Homeowners Must Prepare For

McMahon Insurance Agency

Key Takeaways Spring brings unpredictable weather, including thunderstorms and flooding, which can pose significant risks to your home, including power […]

Risk 52
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Boeing, DOJ Tell US Judge They Have Not Reached Agreement on Revised Plea Deal

Insurance Journal

The U.S. Justice Department and Boeing told a court on Friday they have not reached agreement on a revised plea deal after a U.S. judge in December rejected the deal, faulting a diversity and inclusion provision.

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The “Cannot Miss” 2025 Hailstorm Education Is at the Windstorm Insurance Conference in Dallas

Property Insurance Coverage Law

I studied the topics, agenda, and panelists at this years Windstorm Insurance Conference. As a past president of the organization, I am very proud to see its continued vitality and depth of education provided to those attending.I noted one presentation on the agenda: Everything is Bigger in Texas, but Was the Hail Damaging and When … The post The Cannot Miss 2025 Hailstorm Education Is at the Windstorm Insurance Conference in Dallas appeared first on Property Insurance Coverage Law Blog.

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Spirit of Boston fire result of multiple factors, says NTSB

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Spirit of Boston fire result of multiple factors, says NTSB appeared first on Insurance Marine News.

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NJ WORKERS COMPENSATION INSURANCE

Boyle Agency Insurance

Workers Compensation Insurance for Employers and Employees Workers Compensation Insurance is required for businesses with more than one employee. Bogle Agency Insurance has experienced and knowledgeable agents who can answer all your NJ Workers Compensation Insurance related questions and guide you toward the coverage you need as an individual or a business owner.