Mon.Jan 20, 2025

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Insurtechs’ Approach to Wildfire Insurance: Part I – Delos

Insurance Journal

While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion and $45 billion.

Insurance 264
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History of The Valued Policy Laws—Insurers Threatening to and Leaving Markets is Nothing New

Property Insurance Coverage Law

As a follow-up to yesterdays post, California is Not a Valued Policy Law StateCalifornia Has a Valued Policy Law for Valued Policies, it is instructive to understand the underlying reasons why valued policy laws were made. State legislators enacted valued policy laws in the late 19th century with significant debate.The insurance industry was dead set … The post History of The Valued Policy LawsInsurers Threatening to and Leaving Markets is Nothing New appeared first on Property Insurance C

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Extreme Cold and Record Snowfall to Test Texas Power Grid

Insurance Journal

A cold blast gripping the US South threatens to bring record-breaking snowfall to New Orleans and Houston and a deep freeze that endangers oil and natural gas output and electrical grids.

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Excavation Contractor Insurance: Five Policies You Need to Protect Your Business

Central Insurance

Discover how excavation contractor insurance protects your business from risks like property damage, liability, and equipment loss. The post Excavation Contractor Insurance: Five Policies You Need to Protect Your Business appeared first on Central Insurance Blog.

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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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EEOC Sues Two Automakers, Alleging Discrimination and Harassment

Insurance Journal

The U.S. Equal Employment Opportunity Commission on Jan. 17 sued two large automakers, accusing General Motors and the United Auto Workers of age discrimination and the Stellantis unit that includes Chrysler of subjecting female employees to sexual harassment.

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Moody’s RMS Adds to LA Fires Insured Loss Estimates With Range of $20B-$30B

Insurance Journal

Moody’s RMS Event Response said insured losses for the January 2025 Los Angeles fires will likely fall in the $20 billion to $30 billion range. The Jan.

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Commercial activity beginning to resume at Syrian port

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Commercial activity beginning to resume at Syrian port appeared first on Insurance Marine News.

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North Carolina Settles on 15% Increase in HO Rates

Insurance Journal

RALEIGH. N.C. (AP) Base rates for North Carolina homeowners’ insurance premiums will increase on average by about 15% by mid-2026 as part of a settlement reached by the state Insurance Department and the industry.

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Israel-linked ships will still be targeted by Houthis

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Israel-linked ships will still be targeted by Houthis appeared first on Insurance Marine News.

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Liberty Mutual, Great American Balk at $20M Claim on Fake Basquiat Artwork

Insurance Journal

ORLANDO, Fla. (AP) Two insurance companies have asked a court to block a $19.

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Russia says that it will act against any UK-Ukraine cooperation In Sea of Azov

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russia says that it will act against any UK-Ukraine cooperation In Sea of Azov appeared first on Insurance Marine News.

Marine 102
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Southern Taiwan Hit by 6.4 Magnitude Quake, TSMC Evacuates Some Factories

Insurance Journal

A 6.4 magnitude earthquake struck a mountainous, rural area of Taiwan’s south on Tuesday near the city of Chiayi, the island’s weather administration said, with reports of minor damage.

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Russian tankers turn back, leaving China and India short of crude

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian tankers turn back, leaving China and India short of crude appeared first on Insurance Marine News.

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Michigan Adult Care Company to Pay $170K in EEOC Lawsuit

Insurance Journal

PACE Southeast Michigan, a company providing all-inclusive care for the elderly, will pay $170,000 and furnish other relief to resolve a disability discrimination lawsuit filed by the U.S. Equal Opportunity Commission (EEOC), the federal agency announced.

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The Role of Evidence-Based Medicine in Transforming Workers’ Compensation

AMAXX

In the intricate landscape of workers’ compensation, the pursuit of optimal outcomes for injured workers is paramount. Employers, insurers, and healthcare providers face a delicate balance: ensuring injured workers receive appropriate care while effectively managing costs and promoting timely return-to-work. Evidence-based medicine (EBM) has emerged as a cornerstone in addressing this challenge, offering a framework that emphasizes treatments backed by robust clinical research and outcomes

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Poll: Two-Thirds of Northwest Drivers Feel Comfortable Driving in Snow And Ice

Insurance Journal

Many drivers feel ready to tackle Pacific Northwest winter weather. A poll shows 59% of Northwest drivers report feeling comfortable driving in snow and ice.

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Container ship runs aground in 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 Container ship runs aground in Kiel Canal appeared first on Insurance Marine News.

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NJ Officials Cleared of Wrongdoing in Menendez Corruption Case

Insurance Journal

By David Voreacos Jan 17, 2025, 2:56 PM Word Count: 346 (Bloomberg) — The New Jersey attorney general’s office cleared state law enforcement officials of wrongdoing in a corruption case involving former US Senator Robert Menendez, who awaits sentencing after …

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Social Media Lead Generation: Best Practices

Tosten Marketing

Social media lead generation has become a game-changer for businesses looking to expand their customer base. At Tosten Marketing, we’ve seen firsthand how effective strategies can transform social platforms into powerful lead-generating machines. In this post, we’ll share proven tactics to help you harness the full potential of social media for attracting and converting high-quality leads.

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Rainbow Gets $8M Series A Funding to Expand Small Business Offerings

Insurance Journal

Rainbow, a digitally enabled managing general underwriter based in San Francisco, California, announced raising $8 million in Series A funding led by Zigg Capital.

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Human Needs Drive Insurance and Should Drive Tech Solutions

Triple-I: Homeowners Insurance

By Lewis Nibbelin, Contributing Writer, Triple-I Maintaining human centricity in an increasingly digitized world was a focus of discussion for many participants at Triple-Is 2024 Joint Industry Forum (JIF) particularly during the Fireside Chat, featuring Katherine Horowitz, executive vice president and head of business units for The Institutes, and Casey Kempton, president of personal lines at Nationwide.

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Walgreens Ignored Red Flags in Dispensing Opioids, US Says

Insurance Journal

The Department of Justice sued Walgreens Boots Alliance Inc. for allegedly dispensing opioids and other controlled substances at pharmacies across the US while ignoring red flags that the prescriptions were likely illegal.

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Creating an Insurance Event Marketing Program

Word & Brown

There are plenty of ways you can generate leads and promote your insurance agency. Website SEO optimization. Outreach to existing customers to generate referrals. Claiming and utilizing your Google business and Yelp profiles. Email marketing. Video marketing, Blogging. Guest writing. And, of course, social media. Another method, often overlooked, is events and webinars.

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EU Plans Ban on ‘Forever Chemicals’ in Consumer Products

Insurance Journal

The European Commission intends to propose a ban on the use of PFAS, or “forever chemicals,” in consumer products, with exemptions for essential industrial uses, the EU’s environment chief told Reuters.

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Shipowners’ Club updates members on Russian war risk extension clause

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Shipowners Club updates members on Russian war risk extension clause appeared first on Insurance Marine News.

Risk 52
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UK’s Reeves to Meet Key Financial Services Sectors

Insurance Journal

British finance minister Rachel Reeves said on Monday she would meet representatives from key financial services sectors, such as banking and insurance, over the coming months to formulate a new growth and competitiveness strategy.

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Tighter regulations anticipated for charcoal shipments

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Tighter regulations anticipated for charcoal shipments appeared first on Insurance Marine News.

Marine 52
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City of London’s Tallest Tower Fully Leased With RiverStone International Deal

Insurance Journal

The tallest skyscraper in the City of London financial district has reached full occupancy just over four years after it was completed.

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Guyana removes wrecks to increase safety for oil supply vessels

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Guyana removes wrecks to increase safety for oil supply vessels appeared first on Insurance Marine News.

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World Insurance Associates Acquires Business Contractors Insurance in California

Insurance Journal

World Insurance Associates LLC acquired the business of Business Contractors Insurance Services in Santee, California. BCIS was founded more than 15 years ago. The firm provides insurance services to individuals and businesses. World Insurance Associates is headquartered in Iselin, N.J.

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Indonesia expects EU to adjust palm oil biofuel stance after WTO ruling

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Indonesia expects EU to adjust palm oil biofuel stance after WTO ruling appeared first on Insurance Marine News.

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New York, New England Surplus Lines Insurance Groups Merge

Insurance Journal

The Professional Insurance Wholesalers Association (PIWA) and the New England Surplus Lines Association have merged. The combined organization will operate under the PIWA name and serve excess-and-surplus wholesalers throughout the Northeast.

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Blog Post: Covering the Cannabis: Guidance on Insurance for Marijuana-Related Businesses

LexisNexis

Learn specifics about the representative insurance policies that marijuana-related businesses routinely need. Read now » Related Content Understanding the Cannabis Industry and Its Insurance Market Scrutinize how the cannabis industry's particular insurance needs have created an entirely new insurance market and how an understanding of that market requires an understanding of the unique business aspects, developing legal landscape, and risks specific to the cannabis industry.