Sun.Dec 29, 2024

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Fiery Plane Crash Kills 179 in Worst Airline Disaster in South Korea

Insurance Journal

The deadliest air accident ever in South Korea killed 179 people on Sunday, when an airliner belly-landed and skidded off the end of the runway, erupting in a fireball as it slammed into a wall at Muan International Airport.

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Insurance Policies Are Adhesion Contracts and Not Bargained For

Property Insurance Coverage Law

I mentioned the late Doug Houser recently inIce Damming Case Denied or Not Fully Paid? Eyewitness Accounts Tip the Scales in Ice Damming Insurance Dispute.The Bullivant Houser law firm quoted Doug about a case he lost, and his insurer client later re-wrote the insurance policy so it would not pay for a claim under similar … The post Insurance Policies Are Adhesion Contracts and Not Bargained For appeared first on Property Insurance Coverage Law Blog.

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Generative AI: A Double Agent Serving Good and Evil in the World of Claims

Insurance Journal

Claims professionals need to adapt to the AI evolution at a fast pace as the same technologies used to fight claims fraud are also being used to perpetuate it, according to experts.

Claim 278
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Whole Life Insurance Dividend Options

The Insurance Pro

Key Things to Know Whole life insurance dividend options provide policyholders with flexibility and versatility. The four original options are: receiving dividends in cash, using dividends to reduce or pay premiums, purchasing paid-up additions, and accumulating dividends at interest. Each option has its own tax implications and considerations, such as potential taxable income, impact on.

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Union Bay Acquires Pennsylvania’s Loyalhanna Insurance Group

Insurance Journal

Loyalhanna Insurance Group of Latrobe, Pennsylvania has been acquired by Union Bay Acquisition LLC, an aggregator of insurance agencies based in Lansdale, Pennsylvania. Terms were not disclosed. This acquisition is Union Bay’s sixteenth, and seventh in the state of Pennsylvania.

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Security First, Amelia Underwriters Offering New Products in Warming Florida Market

Insurance Journal

Two Florida-based insurance companies are expanding their product lines, another sign that insurers are making more if limited moves into a warming market in the state.

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AT&T, Verizon Say Networks Now Clear After Salt Typhoon Hack

Insurance Journal

AT&T Inc. and Verizon Communications Inc. acknowledged that they’d been hit by the China-linked Salt Typhoon hacking operation but that their networks were now clear from the intrusion.

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Cyber Attack on Italy’s Foreign Ministry, Airports Claimed by Pro-Russian Hackers

Insurance Journal

Hackers targeted around ten official websites in Italy on Saturday, including the websites of the Foreign Ministry and Milan’s two airports, putting them out of action temporarily, the country’s cyber security agency said.

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Top National Insurance Journal Stories of 2024

Insurance Journal

The three largest insurers brokers each announced or closed multi-billion-dollar acquisitions in 2024. The topic was one of many in which readers of Insurance Journal kept a close eye.

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People Moves: EPIC Names Rosson Northern California Growth Leader; Lara Makes Reappointments to CIGA Board

Insurance Journal

EPIC Insurance Brokers & Consultants Appoints Rosson as Northern California Growth Leader EPIC Insurance Brokers & Consultants hired Charlie Rosson as Northern California growth leader.

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Though U.S. Jobless Claims Slip, Numbers Point to Worker Scarcity

Insurance Journal

The number of Americans filing new applications for jobless benefits dipped to the lowest in a month last week, consistent with a cooling but still-healthy U.S.

Claim 254
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Customs Agents Seize 22,000 Fake Vehicle Inspection Stickers Shipped From Israel

Insurance Journal

The U.S. Customs and Border Protection agency said it has seized more than 20,000 counterfeit Pennsylvania vehicle inspection stickers that were shipped from Israel to an address in Philadelphia.

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Pacific Northwest Poll: Belief That Young Adults Can’t Afford Homes on The Rise

Insurance Journal

Young adults across the Pacific Northwest have found homeownership to be increasingly out of reach as home prices across the nation rise, a poll by PEMCO Mutual Insurance shows.

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When 2025 Arrives, So Will the End of the Amateur Athlete in College Sports

Insurance Journal

When the page turns on 2024, it will be time to say goodbye, once and for all, to the amateur athlete in college sports.

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Atos Says Ransomware Group Claims It Compromised a Database

Insurance Journal

Atos SE said a ransomware group called Space Bears claimed on Saturday to have compromised an Atos database.

Claim 147
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Top Insurance Journal East Stories of 2024

Insurance Journal

What do a demolished bridge, insolvent taxi insurer, jailed gang member, upset Mets fan, malfunctioning elevator, drunk injured employee, and a convicted politician have in common?

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