Insurance Journal
NOVEMBER 5, 2024
Boeing Co. has dismantled its global diversity, equity and inclusion department, making it the latest high-profile corporation to make changes to its DEI policy as its new top leader oversees a broader revamp of the company’s workforce.
Property Insurance Coverage Law
NOVEMBER 5, 2024
A recent Indiana Court of Appeals decision where Merlin Law Group’s Ed Eshoo was counsel for the policyholder provides a textbook example of how an insurance company’s conduct can waive strict policy requirements, even when attempting to preserve those rights through reservation letters. 1 The case offers valuable lessons for policyholders facing similar coverage disputes. … The post Insurance Company’s Two-Year Claims Handling Waives Proof of Loss Requirement appeared first on
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Insurance Journal
NOVEMBER 5, 2024
Arthur J. Gallagher & Co. announced the acquisition of Fenton, Michigan-based Peabody Insurance Agency, Inc. (Peabody Insurance). Terms of the transaction were not disclosed.
AMAXX
NOVEMBER 5, 2024
Successfully settling workers’ compensation (WC) claims can significantly reduce costs and streamline processes for employers and insurers. By adhering to a proven four-step process, organizations can consistently achieve better claim outcomes. This methodology encompasses early claim identification, team engagement, collaborative roundtable discussions, and effective negotiation strategies.
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Insurance Journal
NOVEMBER 5, 2024
American International Group CEO Peter Zaffino said he expects the reinsurance market to remain above losses generated by the frequency and severity of natural catastrophes.
Triple-I: Homeowners Insurance
NOVEMBER 5, 2024
By Lewis Nibbelin, Contributing Writer, Triple-I Babcock Ranch – a small community in southwestern Florida dubbed “ The Hometown of Tomorrow ” – made headlines for sheltering thousands of evacuees and never losing power during Hurricane Milton, which devastated numerous neighboring cities and left more than three million people without power. Hunters Point, a subdivision on Florida’s Gulf Coast, remained similarly unscathed during both Hurricanes Helene and Milton.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
TGS
NOVEMBER 5, 2024
TGS Insurance » Blog Homeowners Insurance Underwriting Questions: What to Expect When Getting a Quote So, you’re ready to take the plunge into homeowners insurance. Maybe you’ve just bought a new home, or maybe it’s time to revisit your current policy to make sure you’re covered in all the right places. Either way, there’s a step that often surprises people when they go to get a quote—the underwriting process.
Insurance Journal
NOVEMBER 5, 2024
Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced the acquisition of specialist reinsurance firm NW Re. Financial details of the deal were not disclosed.
Rough Notes
NOVEMBER 5, 2024
Providing customers with the right tools, resources and experiences can amplify an independent agent’s value By Lori Widmer It seems that for years there have been those forecasting the demise of independent agents and brokers.
Insurance Journal
NOVEMBER 5, 2024
ERWIN, Tenn. (AP) — Rescue workers in Tennessee have recovered the body of the final person still missing after massive flooding from Hurricane Helene hit a plastics factory there.
LexisNexis
NOVEMBER 5, 2024
There’s a potential new front opening in the ongoing battle between states and the tech industry over minors’ access to social media, and it comes courtesy of Facebook and Instagram parent company Meta. For the past couple of years states have been passing legislation requiring social media platforms to verify the age of their users and either obtain parental consent before allowing minors to access their content or deny them access altogether.
Insurance Journal
NOVEMBER 5, 2024
A security fence rings a Las Vegas building where a Nevada county tabulates votes. An Arizona sheriff has his department on high alert to guard against potential violence with drones and snipers on standby.
Rough Notes
NOVEMBER 5, 2024
A valuable resource for insurance network leaders By Ray Scotto When the inaugural meeting of the Insurance Networks Alliance (INA) took place in 2018, attendees approached the gathering with a mix of curiosity and skepticism. Many wondered about the value of discussing industry challenges alongside their competitors.
Insurance Journal
NOVEMBER 5, 2024
Novatae Risk Group, a managing general agency, program manager and wholesale brokerage, said it has launched its new miscellaneous professional liability program with a focus on fast quoting for brokers and exceptional claim service for insureds.
Rough Notes
NOVEMBER 5, 2024
The importance of having a sound strategy in place—and what that entails By Lori Widmer When the insurance industry exited 2023, the consensus was that, in terms of mergers and acquisitions, the year had ended on a rather sluggish note.
Insurance Journal
NOVEMBER 5, 2024
H.W. Kaufman Group, headquartered in Farmington Hills, Michigan, promoted 11 members of its North American team to new roles. The promotions include: Rich Gobler, promoted to executive vice president, Burns & Wilcox; from senior vice president.
Zywave
NOVEMBER 5, 2024
Increase your agency’s revenue and improve client satisfaction by delivering impactful cyber policies and premiums to your clients. Decreasing the time it takes to quote cyber insurance will allow your team to focus on scaling up your business revenue by writing more business.
Insurance Journal
NOVEMBER 5, 2024
The region of Valencia is asking Spain’s central government for rescue funds to help with rebuilding after floods last week destroyed homes and left more than 200 dead. The Valencian government agreed to ask Madrid for €31.4 billion ($34.
LexisNexis
NOVEMBER 5, 2024
Year-end planning with an eye on cost-cutting strategies for legal departments requires a look at historical data and a look ahead to forecast costs, anticipated matters, talent acquisition, technology procurement, and more. One obvious place to explore cost-cutting strategies in the law department is with outside counsel billing and invoicing. Other areas to consider include law firm fees, RFPs, and the vendor selection process.
Insurance Journal
NOVEMBER 5, 2024
All major commercial lines premium renewal rates were lower in October than in August, according to the latest monthly Ivans Index. Premium renewal rate change by line of business for October 2024 highlights include: Commercial Auto: 9.
Zywave
NOVEMBER 5, 2024
It's time to strengthen your cyber skillset. Discover how Zywave's suite of cyber solutions can help brokers and insurers educate policyholders, reduce risk and maximize profitability.
Insurance Journal
NOVEMBER 5, 2024
WEBBERVILLE, Mich. (AP) — A section of Interstate 96 in southeast Michigan remained closed Sunday after a semitruck crashed into more than a dozen vehicles overnight, killing 4 people and injuring 17 others, according to state police.
Agency Height
NOVEMBER 5, 2024
A well-established digital presence can offer numerous benefits. Learn how to develop strong digital presence for insurance agents in 2024.
Insurance Journal
NOVEMBER 5, 2024
New York Governor Kathy Hochul announced on Monday that up to $20 million is available for eligible homeowners in flood-prone areas to make proactive flood mitigation and energy-efficiency improvements to their homes.
LexisNexis
NOVEMBER 5, 2024
Morgan v. Garland "We conclude that the agency's serious-nonpolitical-crime finding is supported by substantial evidence, and accordingly sustain its determination that Morgan is ineligible for asylum, Statutory Withholding, and CAT Withholding. But the agency’s likelihood-of-future-torture finding, which forms the basis of its determination that Morgan is ineligible for CAT Deferral, rests on an erroneously narrow legal definition of torture.
Insurance Journal
NOVEMBER 5, 2024
Finland’s coastal waters were hit by hurricane-force winds for the first time, as more extreme weather batters Europe. Storm Lyly brought an average wind speed of 33.
LexisNexis
NOVEMBER 5, 2024
Reid v. Garland "Everod Ray Anthony Reid petitions for review of a decision of the Board of Immigration Appeals (“BIA”) affirming a decision of an Immigration Judge (“IJ”). The IJ ordered his removal to Jamaica and denied his applications for a waiver of inadmissibility under the former section 212(c) of the Immigration and Nationality Act, adjustment of status, and deferral of removal under the Convention Against Torture.
Insurance Journal
NOVEMBER 5, 2024
The top U.S. consumer financial watchdog agency on Friday said it had reached a settlement in a long-running lawsuit with a Chicago mortgage lender over alleged racial discrimination.
LexisNexis
NOVEMBER 5, 2024
Minimum Wage Measures on Ballot in Multiple States Measures aimed at increasing the minimum wage are on the ballot in six states this year. Voters in Alaska and Missouri will consider raising their minimum wages to $15 an hour, while in California the minimum wage target is $18 per hour. Massachusetts and Arizona voters, meanwhile, will weigh minimum wages for tipped workers, which can currently be paid less than workers that are not tipped.
Insurance Journal
NOVEMBER 5, 2024
Hawaiian Electric Industries formalized a $2 billion agreement to settle damage claims from a wildfire that razed the historic town of Lahaina and killed more than 100 people.
LexisNexis
NOVEMBER 5, 2024
TX to Consider Sweeping AI Bill in 2025 Texas Rep. Giovanni Capriglione (R) released draft legislation for the state’s 2025 session that would provide for comprehensive regulation of artificial intelligence. Among other things, the bill would require AI developers to take “reasonable care” to prevent discrimination, including by conducting regular testing; mandate notification of consumers when they interact with high-risk AI systems; and prohibit the use of AI for manipulating human behavior, c
Insurance Journal
NOVEMBER 5, 2024
The FBI on Tuesday warned Americans about two new fake videos falsely citing terror threats and voter fraud, the latest in a string of disinformation that officials expect will intensify as voters head to the polls on Election Day and …
LexisNexis
NOVEMBER 5, 2024
IL’s New ‘Swipe’ Fee Law Faces Legal Challenge The Illinois Bankers Association and other organizations filed a federal lawsuit to block a new state law limiting banks from charging interchange, or “swipe,” fees on tax and tip revenues. The Interchange Fee Prohibition Act is scheduled to take effect on July 1 next year. ( CENTER SQUARE ) WA Considering Delay of New Insurance Premium Change Transparency Requirement Washington State Insurance Commissioner Mike Kreidler (D) has proposed delaying Ph
Insurance Journal
NOVEMBER 5, 2024
Insurance broker Aon plc has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour. Financial details of the deal were not disclosed.
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