Thu.Jan 23, 2025

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Moody’s Expects L.A. Wildfires to Increase Property Insurance Costs Across State

Insurance Journal

Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs across California.

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Examinations Under Oath in New York Property Insurance Claims

Property Insurance Coverage Law

When navigating contested property insurance claims, insured parties may receive a request from their insurer for an Examination Under Oath (EUO). An examination under oath is exactly what it sounds like. It is a formal proceeding, not unlike a deposition, where an insured is required to answer questions under oath about their insurance claim. The … The post Examinations Under Oath in New York Property Insurance Claims appeared first on Property Insurance Coverage Law Blog.

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Purdue Pharma, Sacklers Reach $7.4B National Opioid Settlement

Insurance Journal

Purdue Pharma and its Sackler family owners have reached a new $7.4 billion settlement to resolve thousands of lawsuits alleging that the pain medication OxyContin caused a widespread opioid addiction crisis in the U.S., several state attorneys general said Thursday.

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Decision: Insurer Prevails on Motion in Limine to Exclude RCV Evidence at Trial

The Property Insurance Law Observer

In the recent decision Marquez v. Clear Blue Specialty Insurance Company , No. 6:23-cv-2025-ACC-DCI, 2024 U.S. Dist. LEXIS 219390 (M.D. Fla. Dec. 4, 2024), the U.S. District Court for the Middle District of Florida granted the insurers motion in limine and excluded evidence and testimony regarding replacement cost value of damages, matching, and to limit damages to direct physical loss.

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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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Ohio Pastor Found Guilty for Violating City Fire Code by Sheltering Homeless

Insurance Journal

A judge in northwestern Ohio found a pastor guilty on criminal charges Tuesday for failing to comply with the city fire code after he opened his church to let homeless people and others stay inside overnight to escape the winter …

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More Trending

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Worst Snowstorm in 130 Years Plunges US South Into Frigid Chaos

Insurance Journal

Across the US South, extreme weather usually means boarding up windows against hurricane winds and lining streets with sandbags to hold back floods.

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Helping Clients Navigate Marketplace Open Enrollment | Solstiuce

Solstice Insurance Broker

Annual open enrollment (AEP) is here. It's that whirlwind period when individuals and families evaluate their healthcare options. It is a task that often feels like traversing a maze. As an insurance broker, you can be the compass your clients need. You can guide them through the healthcare marketplace with expertise and a personalized touch. So, let's dive deeper and explore how you can make this journey not just manageable, but successful.

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Everest Group Names Williamson as Permanent Chief Executive Officer

Insurance Journal

Everest Group Ltd., the Bermuda-based property/casualty and specialty re/insurer, announced that its Board of Directors has appointed Jim Williamson as president and chief executive officer, effective immediately.

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5 workplace safety tips to implement this year.

Frankenmuth Insurance

Workplace safety helps protect employees, profits, and operations. Thats why it should always be top of mind. Start following these five workplace safety tips now. Develop a safety plan. A well-defined safety plan lays the foundation for a secure workplace. Start by assessing potential hazards in each department and outlining safety measures tailored to specific roles and risks.

Risk 90
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J&J Tries to Avoid $30 Million in Punitive Damages in Baby Powder Case

Insurance Journal

Johnson & Johnson is balking at paying $30 million in punitive damages on top of a $15 million jury award to a Connecticut man who developed cancer after using the company’s talcum powder for decades.

Damage 246
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Blog Post: What Challenges and Strategic Insights Await In-House Legal Experts in 2025

LexisNexis

In-house legal professionals are entering 2025 with an expectation that the year will bring challenges they can anticipate, as well as a host of headaches that are unexpected right now. They are considering strategy involving not only technology-enabled business trends to manage, but also a new president taking office for the next four years. The start of any administration in Washington means regulatory change as the incoming team tries to enact the new presidents agenda, reported Legal Dive.

Risk 97
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Oklahoma Commissioner Unveils OKReady Grant Program Launch Details

Insurance Journal

Oklahoma Insurance Commissioner Glen Mulready announced new details regarding the launch of OKReady, the Strengthen Oklahoma Homes (SOH) program, that went into effect on November 1, 2024.

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Gard adds new risks to product offering in Japan

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Gard adds new risks to product offering in Japan appeared first on Insurance Marine News.

Risk 105
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Storm Éowyn Set to Bring ‘Weather Bomb’ to UK and Ireland

Insurance Journal

Storm owyn will bring a “weather bomb” to Ireland and the UK, unleashing destructive winds and heavy rain, the Met Office forecaster said.

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Yemen’s port infrastructure badly damaged in recent attacks

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Yemens port infrastructure badly damaged in recent attacks appeared first on Insurance Marine News.

Damage 105
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People Moves: Scully Appointed President of Automobile Insurers Bureau

Insurance Journal

The governing committee of the Automobile Insurers Bureau of Massachusetts (AIB) appointed William H. Scully as president. Scully served as interim president succeeding Kim A. Barber who retired in April 2024.

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India expands Russian insurers’ pool

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post India expands Russian insurers pool appeared first on Insurance Marine News.

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People Moves: Ansay Announces New Leadership Team; Ryan Specialty Adds Budd to Specialty Underwriting Segment

Insurance Journal

Anneren Family Holding Company, established to perpetuate the Ansay family’s legacy, has announced the appointment of Angela Sikowski as President and Nikki Kiss as Chief Operating Officer (COO).

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Texas ports begin to reopen after winter storm Enzo passes

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Texas ports begin to reopen after winter storm Enzo passes appeared first on Insurance Marine News.

Marine 101
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People Moves: Zurich NA Appoints Bessette Chief Data Officer; O’Neill Named Head of NFP’s Financial Institutions Group

Insurance Journal

Zurich NA Appoints Bessette as Chief Data Officer Zurich North America, headquartered in Schaumburg, Illinois, appointed Kristen Bessette as chief data officer.

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Oil tanker vessel deliveries fall in 2024

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Oil tanker vessel deliveries fall in 2024 appeared first on Insurance Marine News.

Marine 99
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KCC Estimates Losses From Palisades and Eaton Wildfires to Be Near $28B

Insurance Journal

Catastrophe modeler KCC said insured loss from privately insured and California FAIR plan policies to residential, commercial and industrial properties, and autos from the Palisades and Eaton Fires will be close to $28 billion.

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Medicare Supplement Sales: Steady, Reliable, and Full of Opportunity

PSM Brokerage

When discussing Medicare supplement sales , its easy to see the glass as half-empty if youre focused on percentages. Historically, Medicare supplement plans have consistently made up about 20% of the Medicare market. At first glance, that flat percentage might appear uninspiring, but a deeper dive into the numbers reveals a compelling story of growth, opportunity, and cross-selling potential.

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Insurance Commissioner Orders Advance Payments on Claims for LA Wildfire Survivors

Insurance Journal

California Insurance Commissioner Ricardo Lara is asking all California insurance companies to provide advance payments on claims for Los Angeles wildfire survivors.

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Blog Post: IT Vendor Management Best Practices in Law Departments

LexisNexis

The adage, do more with less, applies to todays corporate legal departments with less budget to hire more talent. This means legal operations' reliance on IT vendors to streamline operations, enhance efficiency, and maintain software compliance is increasing. Essential IT vendor management best practices are crucial to ensure that these partnerships deliver maximum value.

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New Wildfires Erupt in California, Forcing Thousands to Evacuate

Insurance Journal

Two new wildfires that erupted in Southern California are spreading quickly over dry hillsides and forcing evacuations, stoking new fears in a region that’s been devastated by recent deadly blazes.

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PERMITTED, BUT NOT ENTITLED

Rough Notes

Case indicates that auto coverage doesnt always apply when you loan a car Carriers understandably fear that permissive use can be abused to the point of substantially increasing their exposure; they much prefer that every potential driver be identified on the policy and rated accordingly. By Joseph S.

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MLB Orders Employees to Return to Office Five Days a Week

Insurance Journal

Major League Baseball has ordered its employees to return to the office five days a week, according to people familiar with the matter. The league had been on a hybrid policy since the pandemic.

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Marine round-up : 24th 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 : 24th January 2025 appeared first on Insurance Marine News.

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Highstreet Expands Again With Acquisition of Winder Insurance in Georgia

Insurance Journal

Highstreet Insurance Partners has continued its rapid growth with the acquisition of Winder Insurance Center in Winder, Georgia.

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Legal implications of sanctioned cargo found on a vessel

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Legal implications of sanctioned cargo found on a vessel appeared first on Insurance Marine News.

Marine 52
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Roller Derby League Loses Bid to Temporarily Block Ban on Trans Athletes

Insurance Journal

A New York roller derby league has lost its bid to temporarily block a local ban on transgender female athletes.

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Level of bio-chemical weapon cover amended for 2025/26, says Britannia

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Level of bio-chemical weapon cover amended for 2025/26, says Britannia appeared first on Insurance Marine News.

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