Insurance Journal
FEBRUARY 18, 2025
Is a binder binding, even if the property owner never received the insurance policy? Yes, it is, the Alabama Supreme Court decided last week in a case that marks another win for insurers relying on binding arbitration agreements.
Property Insurance Coverage Law
FEBRUARY 20, 2025
A new bill filed in the Florida Senate by Don Gaetz is making waves by proposing that insurance companies disclose the financial relationships of their executives and related entities. The legislation would require a report detailing the compensation of executives, including salaries, stock options, bonuses, stock buybacks, and other taxable payments.
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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.
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.
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RiskQuoter
FEBRUARY 18, 2025
Lakewood Ranch (LWR), Florida, is a thriving community in SouthWest Florida near Sarasota. From young couples, large families, business owners, and retirees, life insurance is […] The post Lakewood Ranch Life Insurance appeared first on RiskQuoter.com.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
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
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
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.
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.
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 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.
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.
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.
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 20, 2025
A new bill filed in the Florida Senate by Don Gaetz is making waves by proposing that insurance companies disclose the financial relationships of their executives and related entities. The legislation would require a report detailing the compensation of executives, including salaries, stock options, bonuses, stock buybacks, and other taxable payments.
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.
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.
InsuredMine
FEBRUARY 21, 2025
It starts with a simple call. A long-time policyholder reaches out to check on a claim. Theyve been with your agency for years, yet theyre transferred between departments, asked for their policy number multiple times, and left wondering if anyone is actually paying attention. Meanwhile, another customer, frustrated by a recent rate increase, vents on social media.
Insurance Journal
FEBRUARY 18, 2025
(AP) Leaders in Johnson City, Tennessee, have agreed Thursday to pay $28 million to settle a lawsuit that said police deliberately botched investigations into a suspect accused in civil cases of drugging and sexually assaulting dozens of women.
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
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.
LexisNexis
FEBRUARY 20, 2025
By: Practical Guidance Corporate investment in generative artificial intelligence (Gen AI) technologies continues to accelerate. Average Gen AI budgets grew by 30% in 2024 and they are expected to grow at roughly 60% over the next three years, soaring to 7.6% of total IT budgets by 2027, according to a report from Boston Consulting Group. These investments are leading directly to rapid adoption of Gen AI tools in the workplace.
Insurance Marine News
FEBRUARY 20, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 21st February 2025 appeared first on Insurance Marine News.
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 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.
PSM Brokerage
FEBRUARY 19, 2025
A Direct Mail Solution for Agents The Medicare market is always evolving, and with recent changes in the Dual Special Needs Plan (DSNP) landscape, many beneficiaries are facing the unexpected loss of their coverage. As an insurance professional, you have a critical opportunity to step in and guide these individuals through their options. To support you in this effort, weve created a direct mail postcard that makes it easy to connect with Medicare beneficiaries who need help finding new coverage.
EverQuote
FEBRUARY 19, 2025
As an insurance agent, signing up for a lead generation system is practically a rite of passage. Doing so typically indicates youre ready to grow your business, and that youre going to be proactive about it rather than wait around hoping for customers to walk through your doors.
Insurance Marine News
FEBRUARY 20, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Lack of safety culture a factor in passenger ferry grounding, investigation finds appeared first on Insurance Marine News.
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 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
Boyle Agency Insurance
FEBRUARY 18, 2025
Should You Combine Insurance Coverages? Combining insurance coverages, known as “bundling” can save you money, but it isn’t always the best choice. If you are thinking about combining coverages, such as homeowners insurance and automobile insurance, get some advice from an insurance professional. In some cases when you “bundle” insurance you might pay less, but you will also get less protection.
Mark Jackson Insurance Agency
FEBRUARY 18, 2025
Robotic hand pointing to digital designs by Tara Winstead Artificial intelligence (AI) and automation are transforming industries across the board, and business insurance is no exception. From streamlining claims processing to introducing new risks that companies must address, AI-driven technologies are reshaping the way businesses approach coverage and risk management.
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