Tue.Jul 23, 2024

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UK Water Companies Lambasted by Environment Agency for Sewage Releases

Insurance Journal

Britain’s Environment Agency on Tuesday lambasted the country’s water companies for spewing sewage into rivers and seas, saying the majority of them were failing to get the basics right, as it outlined plans for a tougher regulatory approach.

Liability 316
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Why Your MarTech Should Be Like Your Pizza Order

Agency Revolution

Recently, the morning after a delightful pizza dinner at one of my favorite local breweries, I had a thought that stopped me in my tracks: choosing MarTech for your agency can follow the same thought process as ordering your pizza. Sounds crazy and over-simplified, right? I disagree! The dinner that got me thinking about this was a pretty common one: shared salad and pizza, at a place that only serves 1 size, cut tavern-style because this is Columbus, OH.

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Hackers Leak Documents From Pentagon IT Services Provider Leidos

Insurance Journal

Hackers have leaked internal documents stolen from Leidos Holdings Inc., one of the largest IT services providers to the US government, according to a person familiar with the matter.

Cyber 312
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Do landscaping companies need workers’ compensation insurance?

InsuranceBee

When you’re running a landscaping or lawn care business, one of the most crucial questions you can ask yourself is: do I need workers’ compensation insurance? Frankly, with workers’ comp, there’s little to no gray area. By most states’ statutory … Read more. The post Do landscaping companies need workers’ compensation insurance? appeared first on InsuranceBee Blog.

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‘Surface Waters’ on Roof Are Not ‘Flood’ Waters, Massachusetts High Court Rules

Insurance Journal

The highest court in Massachusetts has ruled that rainwater accumulation on roofs of buildings does not constitute “surface waters” within the meaning of “flood” in property insurance policies.

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How to Leverage Telematics to Improve Commercial Driver Safety

Mark Jackson Insurance Agency

Driver delivering packages by Kampus Production In the commercial auto industry, safety is paramount. Not only does it concern the well-being of drivers and the public, but it also significantly impacts operational costs and company reputation. With advancements in technology, telematics has emerged as a powerful tool for enhancing commercial driver safety.

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How California’s Homeowners Insurance Crisis is Affecting Brokers

Insurance Journal

A growing homeowners insurance crisis for Californians is straining brokers who must work harder to get increasingly expensive and more frequently unavailable coverage for their clients, a crisis many of them blame on regulations and wildfires.

Broker 306

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J.D. Power: Auto Insurance Shopping Hits New High, Could Drop With Rate Adequacy

Insurance Journal

The national auto insurance shopping and quoting rate reached a new high between April and June, but many insurers appear to have achieved or are approaching rate adequacy, “which should lead to less rate activity and perhaps less shopping in …

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The Importance of Return-to-Work Programs

AMAXX

Return-to-Work (RTW) programs play a crucial role in the modern workplace, especially in light of the challenges faced by employees and employers alike. With increasing stress levels, health issues, and economic pressures, the importance of Return-to-Work programs has never been more evident. These programs are designed to help injured or ill employees transition back to work as soon as they are medically able, offering numerous benefits to both parties involved.

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Southern California Blaze Destroys Six Homes, Other Still Fires Burning in State

Insurance Journal

A Southern California fire destroyed six homes and damaged seven others in a blaze that was reportedly ignited by fireworks. The Hawarden Fire started over the weekend and at one point threatened nearly 1,500 homes.

Damage 297
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Why Sales Doesn’t Equal Growth

Client Focus

Growing sales and growing the business don’t always correlate. I’ve seen them have a negative correlation. It’s not that more sales is bad. It’s that for many small businesses, sales isn’t the problem. And so sales isn’t the solution. Find the Constraint. Something is constraining growth. And if you don’t find it, you can’t fix it. But many small business owners see themselves as salespeople.

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USAA Renter’s Insurance Policyholder Charged with Multiple Counts of Fraud

Insurance Journal

Maryland Attorney General Anthony G. Brown reports that a grand Jury for Prince George’s County has handed down two indictments charging an Upper Marlboro woman with insurance fraud.

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Personal Auto Driving P/C Insurers to 2024 Underwriting Profit

Insurance Journal

S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S. P/C insurance industry overall in 2024, signifying a return to underwriting profitability for the first time since 2021.

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Heat-Related Texas Deaths Climb After Hurricane Beryl Power Outages

Insurance Journal

SPRING, Texas (AP) — As the temperature soared in the Houston-area home Janet Jarrett shared with her sister after losing electricity in Hurricane Beryl, she did everything she could to keep her 64-year-old sibling cool.

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State Street Agrees to $4.2 Million Pay Equity Fund

Insurance Journal

The Department of Labor announced the signing of a conciliation agreement with State Street Corp. in which the financial services firm will allocate $4.2 million for future pay adjustments to resolve alleged compensation discrimination.

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Applied Systems Acquires AI Platform for Insurance Planck

Insurance Journal

Insurance software firm Applied Systems reports that it has acquired Planck, a leading artificial intelligence (AI) company for the insurance industry. Planck provides an AI-based data platform for commercial insurance.

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Whole Foods Settles Ex-Worker’s Lawsuit Over Black Lives Matter Masks

Insurance Journal

Whole Foods has reached an agreement to settle a lawsuit accusing it of illegally firing a worker who refused to remove her Black Lives Matter facemask and complained about racism at the Amazon.com-owned upscale grocery chain.

Liability 271
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Vermont Farmers Take Stock After Losing Crops to Flooding Two Years in a Row

Insurance Journal

Exactly one year to the date of last year’s severe flooding in Vermont, Joe’s Brook Farm was flooded again by the remnants of Hurricane Beryl. This time it was worse.

Insured 264
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Jacksonville Jags Sue Financial Employee Convicted of Stealing $22M From Team

Insurance Journal

JACKSONVILLE, Fla. (AP) — The Jacksonville Jaguars have filed a lawsuit against a former employee who is serving prison time after pleading guilty to stealing $22 million from the NFL team’s virtual credit card program.

Theft 264
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Hot, Inland California Cities Face The Steepest Water Cuts With New Conservation Mandate

Insurance Journal

Facing a future of shortages, California is entering a new phase of water conservation: Cities and towns must meet new mandates ramping down use over the next 15 years — and some will be hit harder than others.

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Louisiana Marine Electronic Services Provider Sued for Sexual Harassment

Insurance Journal

X-Treme Tech Services, LLC, a Thibodaux, Louisiana-based business which provides marine electronic services, violated federal law when a supervisor repeatedly sexually harassed a female employee and then fired her after she resisted his advances, the U.S.

Marine 264
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4 Dallas Firefighters Injured as Engine Crashes Off Bridge, Lands on Railway

Insurance Journal

DALLAS (AP) — A Dallas Fire-Rescue engine crashed off an expressway bridge on Sunday and landed on a railway track below, injuring four firefighters, officials said. The crash happened just after 6 a.m. on the I-345 Expressway, Dallas Fire-Rescue Capt.

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Truck Driver Charged in Ohio Interstate Crash That Left 6 People Dead

Insurance Journal

A truck driver in Ohio has been charged with aggravated vehicular homicide in a chain-reaction crash involving a charter bus filled with high school students that left six people dead and 18 injured.

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After Crash That Killed 6 Teens, NTSB Says People Underestimate Marijuana’s Impact on Drivers

Insurance Journal

A horrific crash that killed six high school girls in Oklahoma two years ago has the head of the U.S. National Transportation Safety Board urging parents to warn teenagers about the risk of driving after using marijuana.

Risk 264
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MGU Carbon Underwriting Gets Initial Lloyd’s Approval to Launch New Syndicate

Insurance Journal

Carbon Underwriting Ltd., the London-based managing general underwriter and Lloyd’s syndicate CBN 4747, announce that Lloyd’s has granted in principle approval for the launch of Syndicate 5757, effective Jan. 1, 2025.

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Oil Tanker Insurance Payouts at Risk After UK’s Russia Sanctions

Insurance Journal

Transfers of oil at sea that involve a recently sanctioned Russian insurer may prevent western firms from paying claims if something goes wrong, a key provider of cover said.

Risk 263
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Tropolis Acquires Three Insurance Agencies in Southeastern Michigan

Insurance Journal

Unity Partners, a principles-based private equity firm, and Tropolis, an Ann Arbor, Mich.-based insurance brokerage that provides property & casualty and employee benefits solutions, announced that Tropolis has completed the acquisitions of three insurance agencies in Southeastern Michigan.

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Wiz Rejects Google’s $23 Billion Offer, Seeks IPO Instead

Insurance Journal

Cybersecurity startup Wiz Inc. has turned down a takeover bid of as much as $23 billion from Alphabet Inc.’s Google, sticking instead with a plan for an initial public offering.

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Property Code Enforcement a Sore Spot in Some South Dakota Communities

Insurance Journal

FAITH, S.D. (AP) — A few months ago, the city council in this ranching town in remote northwestern South Dakota decided to join dozens of other communities across the state and hire an outside contractor to enforce property codes.

Building 258
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Hub Acquires Wade Associates in North Carolina

Insurance Journal

Hub International Ltd., a global insurance brokerage and financial services firm, has acquired Wade Associates, an independent agency with offices in North Carolina.

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NIP Group and AmTrust Present PropaneProâ„¢: The Next Level in Business Insurance for Propane Gas Distributors

Insurance Journal

WOODBRIDGE, N.J., July 23, 2024 – NIP Group, a leading specialty insurance provider with over 35 years of experience, in collaboration with AmTrust Financial Services, Inc.

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Chubb Q2 Net Income Up 24% to $2.2B

Insurance Journal

Chubb said second quarter net income was up more than 24% to about $2.2 billion despite higher catastrophe losses than a year ago.

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Morgan & Morgan Vows to Fight Proposed Class Action on ‘Botched’ Injury Claims

Insurance Journal

Morgan & Morgan calls itself the nation’s largest injury law firm, with offices in most states.

Injury 279
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World Records Hottest Day While Wildfires Threaten Mediterranean

Insurance Journal

The world recorded its hottest ever day, as many parts of the Mediterranean face extreme wildfire risks.

Risk 264
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People Moves: CRC Makes 3 Exec Leadership Moves; Mosaic Hires Smith as Americas CEO; HUB Names Davis Curtis Global Education Specialty Leader

Insurance Journal

CRC Group, headquartered in Birmingham, Alabama, named Brent Tredway as sole president of the brokerage division and Chris Carlson as chief operating officer of CRC’s Commercial Solutions Division.

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WR Berkley CEO: Losses From Tech Outage Expected to Be ‘Manageable’

Insurance Journal

W.R. Berkley CEO W. Robert Berkley, Jr. said the company does not see last week’s global network systems outage “being a material loss to the organization.

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US Judge Will Not Block FTC Ban on Worker ‘Noncompete’ Agreements

Insurance Journal

A federal judge on Tuesday rejected a bid by a tree-trimming company to block a U.S.

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