Insurance Journal

NOVEMBER 19, 2024

Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that a wood-treating company …

Insurance Carrier 246

Insurance Carrier Claim Policy Insurer 246

Insurance Journal

JULY 17, 2024

Georgia employers and their workers’ compensation insurers can rest a little easier after an appeals court this week narrowed the circumstances in which a state guaranty association can seek reimbursement on claims paid after staffing firms’ insurance carriers become insolvent.

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Insurance Carrier Compensation Claim Workers Compensation 263

Insurance Journal

MARCH 3, 2025

Defending workers’ compensation claims from employees who have not disclosed previous injuries may have just become a little more complicated for employers and insurance carriers in Georgia. The Georgia Court of Appeals last week found that a long-standing defense against …

Injury 165

Injury Claim Insurance Carrier Compensation 165

Insurance Journal

DECEMBER 15, 2024

Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North Carolina Supreme Court last week bucked that trend, becoming just the second state …

Insurance Carrier 246

Insurance Carrier Claim Business Interruption Insurer 246

Insurance Journal

DECEMBER 1, 2024

By William Rabb Insurance carriers may want to examine policy language — and what information they request from insureds — after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that …

Insurance Carrier 240

Insurance Carrier Claim Policy Insurer 240

Insurance Journal

SEPTEMBER 30, 2024

Just as Florida property insurers face another round of storm claims, CBS News has raised questions about alleged insurer fraud stemming from claims incurred in the last major storm – Hurricane Ian, which hit much of southwest Florida two years …

Property Insurance 347

Property Insurance Claim Insurer Insurance 347

Insurance Journal

OCTOBER 31, 2024

Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the proceeds to only one of them, a federal appeals court decided this week. 11th Circuit Court of Appeals …

Insurance Carrier 264

Insurance Carrier Insurer Insurance Insured 264

Insurance Journal

OCTOBER 16, 2024

After at least three appeals court decisions in the last four years, homeowner lawsuits that take issue with a Florida insurance carrier’s managed repair program may finally have run their course. “It really should” be a nail in the coffin …

Insurance Carrier 264

Insurance Carrier Insurer Insurance Insured 264

Wren Insurance Agency

AUGUST 7, 2024

When it comes to home and auto insurance - with very few exceptions - did you know that you can change your insurance carrier at any time? Citizens - the State-backed home insurer is one of the only exceptions to this. Your credits for these improvements will vary from carrier to carrier.

Insurance Carrier 79

Insurance Carrier Policy Insurer Insurance 79

R&R Insurance

FEBRUARY 20, 2025

Workers compensation rates are state mandated in Wisconsin, meaning all insurance carriers must use the same rates resulting in premiums from one carrier to another are basically the same. This rate reduction will affect work comp policies with renewal dates between 10/01/24 to 09/30/25. What can Contractors do?

Workers Compensation 52

Workers Compensation Insurance Carrier Premium Compensation 52

AMAXX

JULY 15, 2024

One of the most critical aspects of managing workers’ compensation claims is ensuring that injured employees receive prompt medical treatment. Unfortunately, a common procedural mistake can leave employees in a painful and detrimental limbo: the delay of care due to technicalities in insurance coverage.

Workers Compensation 83

Workers Compensation Compensation Claim Workers Comp 83

Triple-I: Homeowners Insurance

JANUARY 20, 2025

As generative AI and other technological innovations help streamline the insurance value chain, such processes must continue to align with the human needs intrinsic to insurance, Kempton stressed. Insurance is a human business, Kempton said. In insurance, we talk about mitigating loss, Kempton said.

Insurer 59

Insurer Insurance Insured Insurance Carrier 59

Risk Management Monitor

MAY 17, 2021

The payments are an easy target for cybercriminals as hackers and cyber gangs around the world have started to file unemployment claims use stolen identities. Some criminals claim benefits in the names of dead or incarcerated people, while others set up shell companies, “hiring and firing” fictitious employees to collect payments.

Claim 75

Claim Theft Cyber Crime 75

Wren Insurance Agency

NOVEMBER 13, 2024

Costs can be higher for policyholders and if a surplus lines carrier goes insolvent, existing claims will not be paid by the State. Here at Wren Insurance, we work with several surplus lines carriers to meet the needs of our clients, like Tapco , Bass , RT Specialty , AmWins , Topa and Swyfft , to name just a few.

Insurance Carrier 75

Insurance Carrier Insurer Insurance Insured 75

Risk Management Monitor

AUGUST 9, 2022

As companies assess their natural disaster preparedness, there are some proactive measures that should be taken specifically for hail to leave organizations best positioned for any resulting insurance claims. Based on this discovery, you enlist a roofing contractor to investigate further.

Damage 78

Damage Claim Commercial Property Deductible 78

Word & Brown

SEPTEMBER 25, 2024

According to reporting last year by KFF (the independent source for health policy research, polling, and journalism formerly known as the Kaiser Family Foundation) data from insurers for Affordable Care Act Marketplace plans show nearly 17% of in-network claims were denied in 2021.

Claim 52

Claim Insurance Claim Insurer Insurance 52

Boyle Agency Insurance

FEBRUARY 20, 2025

Great Protection – Fair Price Bogle Agency Insurance of Lyndhurst NJ offers Chubb Masterpiece Homeowners Insurance to NJ homeowners. Chubb is a top American insurance carrier that offers a quality product to NJ homeowners to protect their most valuable asset, their home.

Insurer 52

Insurer Insurance Insured Insurance Carrier 52

AMAXX

JANUARY 13, 2025

Navigating workers’ compensation can be complex, with various parties working together to ensure effective claims management and cost containment. They are a vital entity, as they not only handle premium collections but also pay out claims to cover medical expenses and wage replacement for injured employees.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Broker-Agent 98

ProWriters

SEPTEMBER 23, 2024

Your business clients need Employment Practices Liability (EPL) Insurance , or EPLI. Without it, they risk incurring substantial expenses in employment-related claims. Why Do Businesses Need EPL Insurance Coverage? Third-party claims usually deal with allegations of discrimination or harassment. “If

Out-Of-Pocket 92

Out-Of-Pocket Liability Insurance Carrier Policy 92

Zywave

MARCH 3, 2025

While it’s critical insurance carriers, brokers, and policyholders understand the market, its just as important they know what to do about it. ” Claims Handling : Both Chepulis and Vitulli highlighted the critical role of effective claims handling.

Casualty Insurance 52

Casualty Insurance Policyholder Liability General Liability 52

American Agents Alliance

APRIL 3, 2025

This drives up the cost to repair, impacting claims costs. Rising expenses could perhaps cause higher insured values, leading to policy adjustments and higher premiums. Many policyholders do not realize the connection between tariffs and insurance costs.

Agents 52

Agents Policyholder Premium Auto Insurance 52

Bankers Insurance

SEPTEMBER 12, 2023

By: Dwight West | Commercial Insurance Advisor dwest@bankersinsurance.net | (757) 591-3166 WHAT IS SUBROGATION? This concept is typically applied in automobile insurance, both personal and business, and is also found in property, general liability, and worker’s compensation insurance. WHEN DOES SUBROGATION OCCUR?

Insurance Carrier 52

Insurance Carrier Compensation Deductible Claim 52

Triple-I: Homeowners Insurance

JANUARY 13, 2025

Overall, this and other key report findings revolve around the value of proactive measures for effective preparedness and mitigation strategies to address the increasing risks posed by severe weather events and the need for collaboration between homeowners, insurers, and governments to enhance resilience against natural disasters.

Policyholder 79

Policyholder Claim Premium Risk 79

Wren Insurance Agency

OCTOBER 23, 2024

Even if the storm doesn't directly impact your home or city, overall state damage may cause the carrier you use to pay out a large number of claims that year, which may result in all of their policy premiums increasing at renewal. That annual cap is 14% for 2024 and 15% for 2025.

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Policy Insurance Companies Premium Damage 74

American Agents Alliance

OCTOBER 24, 2024

By Mark Robinson In July 2024, a significant class action lawsuit was filed against the California FAIR Plan, accusing the state’s fire insurance backstop of improperly denying smoke damage claims in violation of California Insurance Code Sections 2070 and 2071.

Damage 40

Damage Claim Broker-Agent Policyholder 40

Friendly Agent

SEPTEMBER 21, 2020

The insurance premiums are intended for policies covering cars, houses, life insurance premiums, and more. Once the premium is earned, it will also be income for the insurance provider. However, there are also liabilities such as providing coverage for claims conducted against policies.

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Insurance Agents Insurance Agent Agents Broker-Agent 130

Scott Insurance

FEBRUARY 7, 2023

Increased Volume and Cost of Auto Claims Your personal auto insurance is designed to pay for the costs that may be incurred due to an accident (property damage/repairs, medical costs). Therefore, if the costs associated with an accident increase, insurance premiums will follow suit. appeared first on Scott Insurance.

Auto Insurance 52

Auto Insurance Premium Insurance Carrier Insurer 52

Scott Insurance

JANUARY 31, 2024

Although individual rates are based on specific factors such as location, credit score, claims history, age of dwelling and deductible, some general trends are leading to higher rates across the board. Increased claims and weather incidents Approximately 1 in 20 homeowner policies have a claim filed against them in any given year.

Premium 52

Premium Deductible Insurer Insurance 52

TGS

SEPTEMBER 22, 2023

There are a number of reasons why an insurance carrier can decide not to offer you a home insurance policy renewal. Homeowners insurance non renewal can happen to anyone. 3 Steps to Get Homeowners Insurance After Non Renewal 1. If you pass a follow-up home inspection, your carrier may insure you again.

Insurance Carrier 52

Insurance Carrier Home Insurance Insurer Insurance 52

Wren Insurance Agency

AUGUST 28, 2024

While there IS a cost difference when it comes to choosing RCV on your insurance policies, when you think about having to use this benefit should the need arise, the additional cost is definitely worthwhile. Now, due to a claim (tied to a weather event, fire, theft, etc.), it would take $1,500 to purchase that same couch today.

Home Insurance 72

Home Insurance Insurer Insurance Insured 72

Boyle Agency Insurance

DECEMBER 31, 2024

Great Protection – Fair Price Bogle Agency Insurance of Lyndhurst NJ offers Chubb Masterpiece Homeowners Insurance to NJ homeowners. Chubb is a top American insurance carrier that offers a quality product to NJ homeowners to protect their most valuable asset, their home.

Insurer 52

Insurer Insurance Insured Insurance Carrier 52

Boyle Agency Insurance

JULY 29, 2024

Chubb Masterpiece Homeowners Insurance Bogle Agency Insurance offers top Homeowners Insurance protection with Chubb Masterpiece Homeowners Insurance to NJ homeowners. Outstanding Coverage Along With Top Service Chubb Masterpiece Homeowners Insurance provides homeowners with top insurance protection and great service.

Insurer 52

Insurer Insurance Insured Insurance Carrier 52

R&R Insurance

SEPTEMBER 12, 2024

Footnote: The Affordable Care Act (ACA) includes a provision known as the Medical Loss Ratio (MLR) which requires insurance companies to review their overall plan performance by market segments (small group and large group) to determine if they must return a portion of the premiums collected.

Premium 59

Premium Insurance Carrier Policyholder Broker 59

LexisNexis

AUGUST 27, 2024

Learn about the steps businesses should take to recover on the business interruption, including contract and indemnity claims, caused by this software failure. Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.

Cyber 40

Cyber Business Interruption Insurance Policy Insurance Carrier 40

ProWriters

OCTOBER 2, 2024

Wholesale Cyber Insurance brokers, like ProWriters, help retail insurance brokers like you find the right coverage for your clients in a complex insurance market. With our expertise and connections to top insurance carriers, we can help you offer specialized lines of coverage for your clients.

Insurance Broker 86

Insurance Broker Cyber Broker Protection 86

TGS

OCTOBER 3, 2023

TGS Insurance » Blog What Is a Homeowners Insurance Quote? A homeowners insurance quote is the proposed amount that you would pay an insurance carrier to cover your home. The quote will be based on many factors, including your home’s age, building features, location and size, as well as your insurance score.

Insurance Quotes 52

Insurance Quotes Deductible Home Insurance Out-Of-Pocket 52

AMAXX

JULY 9, 2024

Defending Permanent and Total Disability (PTD) cases presents many challenges for the claim management team and other interested stakeholders. When faced with a costly PTD claim, it may be advantageous to consider the options presented by a retraining plan. Conclusions It is crucial to be aggressive when defending PTD claims.

Workers Compensation 52

Workers Compensation Workers Comp Injury Compensation 52