Sun.Jul 28, 2024

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Castle Key Nonrenewing 33,000 Policies as Florida Mulls Special Session on Condos

Insurance Journal

Allstate’s Florida subsidiaries are nonrenewing some 33,000 condominium unit policies over the next several months, delivering another blow for beleaguered condo owners across the state.

Policy 299
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Technology in the Palm of Your Hand

Word & Brown

In this day and age, tech is king. Whatever we want to do, there’s a way to do it faster and more conveniently thanks to technology. From drones dropping off Amazon orders to holograms of artists from the past surprising us at concerts, there’s always something new and innovative coming into the world. That tells us technology is moving far faster than our minds even have the ability to comprehend.

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Black Bear and Cub Destroy Car in Connecticut After Getting Trapped Inside

Insurance Journal

Trapped inside a car, the adult black bear and cub thrashed about. The horn was blaring and the radio blasting. Outside the car, a second cub ran around in apparent distress by the Connecticut home.

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Building Your Brand: Creating a Personal Brand Identity to Stand Out in the Insurance Industry

Word & Brown

To succeed as a sales insurance professional, it’s important that you create a brand for yourself. That means developing a personal or agency brand identity that can help you stand out from your competition. Let’s start with a question. Do you already have a personal or agency brand? Whether you’re actively cultivating it or not, the answer is probably yes.

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Cannabis Firm Fights Insurer’s Denial of Business Income Loss Claim Following Fire

Insurance Journal

A Berkshire Hathaway insurer is insisting it does not owe $1.3 million in claimed business income losses to a cannabis growing company after a building fire shuttered one of its “flowering” rooms for 68 days.

Claim 279
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Diana Shipping fixes $167m refinancing  

Splash: Finance and Insurance

Greece’s Diana Shipping has secured a new $167.3m loan from Nordea to refinance its existing commitments with the Nordic bank. The New York-listed shipowner said the proceeds of the new loan, secured by 10 vessels, have been utilised to refinance two loans maturing in October 2027 and June 2028 secured by 12 bulkers.

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Abbott Loses $500 Million Infant Formula Verdict, Lawyers Say

Insurance Journal

Abbott Laboratories was ordered by a jury to pay almost $500 million over allegations that it hid the risk that its premature-infant formula can cause a potentially fatal bowel disease, according to lawyers for the mother who won the first …

Risk 269
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Amazon Says Washington State Injury Case Has Been Dismissed

Insurance Journal

A case alleging that Amazon.com Inc. exposed warehouse workers to injuries has been dismissed for lack of evidence, the company said in a statement Thursday.

Injury 287
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Maine Schools Face Unique Challenges in Ridding Water of ‘Forever Chemicals’

Insurance Journal

Days before winter break ended in December 2022, Bill Hansen was relieved to learn that Jordan-Small Middle School in Raymond had no traces of ‘forever chemicals’ in tests of the school’s water system.

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Bayer’s Monsanto to Pay $160M to Resolve Seattle’s PCB Contamination Lawsuit

Insurance Journal

Monsanto will pay $160 million to settle a lawsuit by the city of Seattle that accused the unit of Germany’s Bayer of polluting the city’s drainage system and the local Lower Duwamish River with toxic chemicals known as PCBs.

Damage 254
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A Guide to Healthcare Insurance: Part 2

Insurance Journal

This post is part of a series sponsored by PCF Insurance Services. In the second installment of a three-part series, PCF Healthcare Practice Leader Brian King helps us understand healthcare facility insurance.

Insurance 239
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Defense Institute Aims to Educate, End ‘Skyrocketing’ Nuclear Verdicts

Insurance Journal

Robert Tyson believes the defense bar’s lawsuit approach is overdue for an overhaul. The U.S.

Insurance 298