Insurance Journal
SEPTEMBER 11, 2024
Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than US$100 million during 2023, according to Swiss Re executives.
Property Insurance Coverage Law
SEPTEMBER 11, 2024
Lawsuits are starting to be filed on a more regular basis regarding State Farm’s alleged wrongful use of Xactimate to underpay claims based on “new construction” settings. A judge in a Mississippi case 1 recently ordered the parties to appraisal, noting: The lawsuit concerns only property insurance coverage for buildings, referenced as the ‘A1 coverage,’ … The post Are Insurers Using “New Construction” Xactimate Settings Wrongfully Underpaying Claims?
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Insurance Journal
SEPTEMBER 11, 2024
An academic paper published in the Journal of Insurance Regulation seems to have rekindled the debate over how much of an impact litigation and fraud have had on property insurance losses and premiums, particularly in Florida.
Life Happens
SEPTEMBER 11, 2024
The post 18 Is No Longer an “Adult” appeared first on Life Happens.
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Insurance Journal
SEPTEMBER 11, 2024
A month after Hurricane Debby made landfall in northern Florida, the number of property insurance claims has reached almost 20,000, and total estimated insured losses are more than $121.5 million, the Florida Office of Insurance Regulation reported this week.
CDC: Workers Compensation
SEPTEMBER 11, 2024
Today as a nation, we reflect on the events of September 11, 2001. It was a day of tragic national and personal loss, but also a day that displayed the strength and courage of those who were there. The National 9/11 Day of Service and Remembrance is our chance to honor, in both memory and action, all those impacted and to strive for a future where recovery and healing is possible for all.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Property Insurance Centre
SEPTEMBER 11, 2024
What does a Lift Inspection Policy cover? What does a Lift Inspection Policy cover in conjunction with a Purpose Built Flats Insurance Policy? Lift Inspection policies will often accompany a Purpose Built Flats Insurance Policy, and for good reason. Although some Purpose Built Flats Insurance policies will provide some cover to machinery and plant for material damage cover, they will not provide any assistance should the lift break down.
Insurance Journal
SEPTEMBER 11, 2024
Two Delta Air Lines jets collided on the ground at Atlanta’s Hartsfield-Jackson International Airport Tuesday, knocking the tail off of the smaller regional plane.
LexisNexis
SEPTEMBER 11, 2024
Visa Bulletin for October 2024 Notes D & E: D. SCHEDULED EXPIRATION OF THE EMPLOYMENT FOURTH PREFERENCE RELIGIOUS WORKERS (SR) CATEGORY H.R. 2882, signed on March 23, 2024, extended the Employment Fourth Preference Certain Religious Workers (SR) category until September 30, 2024. No SR visas may be issued overseas, or final action taken on adjustment of status cases, after midnight September 29, 2024.
Insurance Journal
SEPTEMBER 11, 2024
The wife of a California inmate will receive $5.6 million after being sexually violated during a strip search when she tried to visit her husband in prison, her attorneys said.
LexisNexis
SEPTEMBER 11, 2024
Paromita Shah (she/her) at Just Futures Law writes: "Enclosed is a letter signed by over 140 tech, immigrant rights, labor, civil rights, government accountability, human rights, religious and privacy organizations to Department of Homeland Security (DHS) Secretary Mayorkas calling on the agency to suspend and cancel the use or development of any artificial intelligence (AI) technologies used in immigration adjudication or immigration enforcement by December 1, 2024, in accordance with fede
Insurance Journal
SEPTEMBER 11, 2024
Taiwan financial conglomerate Taishin said it would raise its offer for peer Shin Kong by 25% to about T$222.4 billion ($7 billion), in a deal that would be Taiwan’s biggest-ever financial services industry merger.
American Agents Alliance
SEPTEMBER 11, 2024
The Power of South Coast Surety as Your Bond Broker Selling surety bonds doesn’t have to be complicated, especially when you have the expertise of South Coast Surety by your side. We specialize exclusively in surety bonding, and this dedication sets us apart because we have no interest in other insurance policies. With decades of experience, we offer unparalleled knowledge and mature, nurtured relationships with dozens of surety markets, ensuring the process is smooth and optimized for you
Insurance Journal
SEPTEMBER 11, 2024
AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating to “b” (Marginal) from “bb-” (Fair) of Wolverine Mutual Insurance Company, based in Dowagiac, Michigan.
QuickQuote
SEPTEMBER 11, 2024
Here’s a video on how to use the Overview Box above and the Reference Section below: [link] Delete the filler text below and start writing. Good luck.Read More: Best Term Life Insurance Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim. The post Write a Review first appeared on QuickQuote.com.
Insurance Journal
SEPTEMBER 11, 2024
A Ridgefield Park, New Jersey-based labor union for longshoremen, healthcare, maintenance and other workers has reported a cyber incident that may have exposed some members’ private information.
LexisNexis
SEPTEMBER 11, 2024
OFLC, Sept. 10, 2024 " The Department of Labor’s Office of Foreign Labor Certification Announces Revised Transition Schedule and Technical Guidance for Implementing H-2A Job Orders and Applications Associated with the 2024 Farmworker Protection Final Rule; Compliance with District Court Order On August 26, 2024, the United States District Court for the Southern District of Georgia issued a preliminary injunction in the case Kansas, et al. vs.
Insurance Journal
SEPTEMBER 11, 2024
Five professional models who sued long after a state’s three year statute of limitations expired may pursue their defamation claims against an adult entertainment nightclub for posting their images to the giant social media site Facebook without their permission.
LexisNexis
SEPTEMBER 11, 2024
CA Nears Restricting Private-Equity Healthcare Acquisitions The California Legislature passed a bill ( AB 3129 ) that, if signed by Gov. Gavin Newsom (D), would require the state attorney general’s approval before a private equity group or hedge fund could acquire a health care facility or provider in the state. Indiana and Illinois passed similar legislation after the recent closures of several private equity-owned hospitals, including Steward Health Care in Massachusetts and several facilities
Insurance Journal
SEPTEMBER 11, 2024
U.S. utilities faced a near 70% jump in cyberattacks this year over the same period in 2023, according to data from Check Point Research, underlining the escalating threat to a critical infrastructure. The utilities and power infrastructure across the U.S.
LexisNexis
SEPTEMBER 11, 2024
Tech Lobby Zeroes In on AI Bill in CA Opponents of a first-of-its-kind bill ( SB 1047 ) in California aimed at regulating major developers of artificial intelligence outnumbered supporters of the measure by 3 to 1, according to analysis by the state’s Senate. Although those 150 artificial intelligence companies, trade groups and other entities and individuals failed to kill the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, their opposition reflects AI’s emergence as
Insurance Journal
SEPTEMBER 11, 2024
Cities often get more rain and experience extreme rainfall more often compared to surrounding areas, a new study finds, a phenomenon that compounds other risk factors for urban flooding.
LexisNexis
SEPTEMBER 11, 2024
In at least parts of the country, unions are on the upswing. After last year’s hot labor summer , The New Yorker in April declared President Biden “ the most pro-labor president since F.D.R. ,” underscoring the rising strength of unions in America. Another sign of labor’s strength: This past July Illinois became the latest state to prohibit employers from making their workers attend anti-union captive audience meetings.
Insurance Journal
SEPTEMBER 11, 2024
Electronic-payment gateway Slim CD has notified customers that its systems were hacked starting more than a year ago, potentially exposing the names, addresses, and credit card information of nearly 1.7 million individuals.
Insurance Journal
SEPTEMBER 11, 2024
Treaty reinsurance written in the London company market grew by almost one-third in 2023, with the sector generating premiums of £10.889 billion (US$14.2 billion), up from £8.248 billion ($10.8 billion) in 2022, according to the International Underwriting Association (IUA).
Insurance Journal
SEPTEMBER 11, 2024
In its latest court filing to keep alive a lawsuit against start-up Dellwood Insurance, American International Group said its new competitor failed to explain why the suit cannot go on. AIG argued in a brief filed yesterday in U.S.
Insurance Journal
SEPTEMBER 11, 2024
Two organizations recently expressed optimism that the softening cyber market that emerged in 2023 will remain favorable into the future. In separate reports, Moody’s Ratings and Amwins Brokerage offered insights on the sector’s landscape.
Insurance Journal
SEPTEMBER 11, 2024
Deteriorating market conditions and rising loss costs led to a 60 percent increase in rating downgrades of AM Best-rated U.S.-based insurers in 2023 compared with two years earlier, according to a newly issued report.
Insurance Journal
SEPTEMBER 11, 2024
A quick-moving wildfire raced toward Southern California mountain communities as authorities warned residents to evacuate. The Bridge fire exploded on Tuesday, burning into the Wrightwood community and nearby Mountain High ski resort.
Insurance Journal
SEPTEMBER 11, 2024
The Louisiana Department of Insurance issued guidance for residents who have a homeowners policy with Additional Living Expenses (ALE) coverage ahead of Hurricane Francine.
Insurance Journal
SEPTEMBER 11, 2024
This post is part of a series sponsored by Selectsys. In the rapidly evolving insurance industry, traditional management systems often fall short of meeting the demands of today’s digital landscape.
Insurance Journal
SEPTEMBER 11, 2024
For the second year in a row, State Farm auto claims data has revealed a significant drop in catalytic converter theft claims.
Insurance Journal
SEPTEMBER 11, 2024
Norfolk Southern’s CEO Alan Shaw is under investigation for potential ethical lapses, the railroad confirmed Monday.
Insurance Journal
SEPTEMBER 11, 2024
A small plane crashed in Vermont near an airport in Ferrisburgh, killing the four people on board, police said Monday.
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