Mon.Dec 16, 2024

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Advocacy Groups Ask FIO to Release Homeowners Insurance Data Collected by NAIC

Insurance Journal

A coalition of consumer, environmental, and fair housing groups have called upon the Treasury’s Federal Insurance Office to release homeowners insurance data before it may be too late.

Insurer 242
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Roofers and Restoration Contractors Need to Nail Down Contract Terms: Unenforceable Agreements in the Insurance Restoration Industry Are Common but Often Not Challenged

Property Insurance Coverage Law

When it comes to insurance roofing and restoration contracting, I often wonder if the construction contract is enforceable. A recent Florida case, Florida Roof Specialists, Inc. v. Gloria A. Arthur, 1 highlights the dangers contractors face when contracts lack essential legal elements. This ruling serves as a cautionary tale for insurance restoration contractors and roofers … The post Roofers and Restoration Contractors Need to Nail Down Contract Terms: Unenforceable Agreements in the Insu

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Woody Allen’s Personal Chef Sues Over Firing

Insurance Journal

Woody Allen ‘s former personal chef claims in a lawsuit that the filmmaker and his wife fired him because of his service in the U.S.

Claim 241
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Taylor Maritime Investments set for rebrand

Splash: Finance and Insurance

Pursuant to a shareholder vote next month, London-listed dry bulk concern Taylor Maritime Investments will change its name to Taylor Maritime Limited.

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NTSB: Turbulence Hit Hawaiian Air Flight Due to Decision to Fly Over Storm Cell

Insurance Journal

A Hawaiian Airlines flight crew’s decision to fly over a hazardous storm cell instead of deviating around it was the probable cause for hitting severe turbulence that injured passengers and crewmembers in 2022, the National Transportation Safety Board said in …

Liability 235
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UMBRELLA INSURANCE EXPLAINED FOR NJ FAMILIES

Boyle Agency Insurance

What Is Umbrella Insurance? Bogle Agency Insurance offers Umbrella Insurance to clients in NJ who want additional liability coverage beyond the limits of existing policies. Following is Umbrella Insurance explained for NJ individuals and families. Umbrella Insurance is a type of liability insurance that provides coverage over and above what your existing insurance provides.

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Creating a Home Inventory

TGS

TGS Insurance Blog Creating a Home Inventory: Why Its the Key to Smart Insurance Planning Think about this for a moment: If your home were affected by a fire, theft, or natural disaster, could you list every item you own from memory? Most people cant. Thats where a home inventory comes in. Not only does it help you keep track of your belongings, but it also plays a critical role in ensuring youre adequately insured.

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Largest Miss. Seafood Company Sentenced for Mislabeling Fish as Local

Insurance Journal

GULFPORT, Miss.

Premium 214
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The Annual Business Insurance Checklist: Is Your Coverage Up to Date?

Mark Jackson Insurance Agency

Business owners reviewing documents by Artem Podrez As the end of the year approaches, many business owners take the time to reflect on their accomplishments and plan for the future. While preparing for the year ahead, its easy to overlook one critical aspect of business planning: your business insurance coverage. Whether your company experienced growth, faced new challenges, or maintained steady operations, your insurance needs may have changed.

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Stricken Oil Tankers Show Risks of Russia’s Aging ‘Shadow Fleet’

Insurance Journal

Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two aging tankers that were damaged during a heavy weekend storm, highlighting the environmental and insurance risks of Russia’s “shadow fleet.

Risk 208
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Europe agrees insurance crackdown on Russia’s ‘dark fleet’

Elmore

Tankers carrying Russian oil must show they have adequate cover when passing through European waters The post Europe agrees insurance crackdown on Russias dark fleet appeared first on Elmore Insurance Brokers.

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Swiss Insurer Helvetia’s Cost-Saving Plans Will Impact About 500 Jobs: CEO

Insurance Journal

Swiss insurer Helvetia plans to cut jobs and relocate some workers as part of an efficiency program aimed at saving about 200 million francs ($224 million) over the next three years.

Insurer 204
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Protecting Fine Art, Collectibles in California

Distinguished

The Golden State, known for its cultural diversity and creative industries, is a hotspot for fine art and collectibles and boasts a wealth of valuable collections among individual collectors. Protecting these assets in the state requires specialized insurance solutions considering earthquake and wildfire risks. Distinguished Offers New Capacity, Appetite in California The entry of Distinguisheds Fine Art and Collectibles program into California represents a significant opportunity for collectors

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People Moves: Rokstone Taps Hogarth From Castel for Direct & Facultative Property Team; Arch Insurance Taps Laazaouzi From CNA Hardy as Senior Casualty U/W in France

Insurance Journal

This edition of International People Moves details appointments at the re/insurance MGA Rokstone and Arch Insurance. A summary of these new hires follows here.

Insurer 204
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Blog Post: Yale Law Clinic and Partners Publish Report on Family Separations at U.S. Border

LexisNexis

Yale Law, Dec. 16, 2024 "As many as 1,360 children have never been reunited with their parents six years after the United States government forcibly separated them at the U.S. border, according to the Department of Homeland Security. Efforts by the U.S. to help separated families have not adequately reckoned with the severe harm inflicted on them, Human Rights Watch , the Texas Civil Rights Project (TCRP), and the Lowenstein International Human Rights Clinic at Yale Law School said in a rep

Crime 45
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People Moves: MMG’s McHatten Elected Chair of Insurance Information Institute

Insurance Journal

Matt McHatten, president and chief executive officer at MMG Insurance, is the new chair of the Insurance Information Institute’s (Triple-I) Executive Leadership Committee (ELC).

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The Impact of the Cleo File Transfer Alert | December 2024

Corvus

Cleo customers could be at risk due to a critical security flaw. Here's what you need to know.

Risk 40
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Oregon Lawmakers OK $218M in Emergency Wildfire Funding

Insurance Journal

Oregon lawmakers approved $218 million in emergency wildfire funds during special session that was convened to address unpaid bills stemming from the state’s 2024 record wildfire season.

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Blog Post: What's New in Practical Guidance - November 2024 Updates

LexisNexis

In November 2024, LexisNexis has introduced a range of new and updated resources across various practice areas, enhancing the Practical Guidance platform for legal professionals. These additions aim to provide comprehensive support and insights into emerging legal trends and requirements. To view these resources, sign in or take a free trial today! Cross-Practice Area Resources A significant update is the introduction of Environmental, Social, and Governance (ESG) training presentations for empl

Policy 40
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CRC Group Acquires Florida Wholesaler SLB Insurance Group

Insurance Journal

CRC Group, one of North America’s leading independent wholesale specialty insurance distributors, has acquired SLB Insurance Group, a binding authority operation with offices in Florida and Louisiana.

Insurer 173
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Why Cyber Liability Insurance Matters for Business Owners and Commercial Property Investors in Plano, TX

Paragon Independent Insurance Agencies

As cyberattacks become increasingly prevalent worldwide, it’s crucial for business owners and commercial investors in Plano, TX, to consider cyber liability insurance. Cyber liability insurance from Paragon Independent Insurance Agency can provide the safeguard you need to protect your investments, assets, and reputation where traditional insurance policies may fall short.

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Disaster Insurance Set to Test Italy’s Business Backbone in 2025

Insurance Journal

Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some fear it will be hard to enforce and too costly.

Insurer 162
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Blog Post: Free Webinar, Dec. 17, 2024 - The Biden Legacy on Immigration: A Complex Picture

LexisNexis

MPI When: Tuesday, December 17, 2024 11:30 A.M. ET (New York, D.C.) / 10:30 A.M. CT (Chicago) / 9:30 A.M. MT (Denver) / 8:30 A.M. PT (Los Angeles) Where: MPI Webinar Speakers: Muzaffar Chishti , Senior Fellow, MPI Marielena Hincapié, Distinguished Immigration Scholar, Cornell Law School Rafael Bernal , Staff Writer, The Hill Kathleen Bush-Joseph , Policy Analyst, MPI Colleen Putzel-Kavanaugh, Associate Policy Analyst, MPI Moderator: Doris Meissner , Senior Fellow and Director, U.S.

Policy 49
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Lloyd’s of London Trade Body Examines Planned Conduct Overhaul

Insurance Journal

Lloyd’s of London members have set up a working party to examine the commercial insurance market’s plans to overhaul its conduct rules, a trade body said on Friday, following criticism of the strengthened powers in the new rules.

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Blog Post: A Working-Class History of Fighting Deportations

LexisNexis

David Bacon, Jacobin, Dec. 2024 "The US working class has a long tradition of standing up against immigrant repression. This history is a reservoir of inspiration and strategic thinking and it can help immigrant workers and communities confront Donald Trumps promised wave of repression." SEIU janitors from San Francisco and Los Angeles demonstrated in support of AB 450, a bill to protect workers during immigration raids and enforcement actions, in March 2024.

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Climate Change ‘Supercharged’ Philippines’ Typhoon Season, Study Finds

Insurance Journal

A warming climate fueled the blitz of six powerful storms that hit the Philippines within a matter of weeks this year, according to a new study.

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Walmart’s DEI Compromise Holds Lessons for Corporate America

Insurance Journal

“Robby Starbuck has viewed your profile.” The LinkedIn alerts for Walmart Inc. executives started appearing on Nov. 18, offering an early signal that the anti-DEI campaigner was setting his sights on the biggest US private employer.

Policy 147
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Severe Weather Brings Snow, Ice to Midwest and a Tornado in California

Insurance Journal

OMAHA, Neb. (AP) A tornado near a mall in central California swept up cars, uprooted trees and sent several people to the hospital. In San Francisco, authorities issued the first-ever tornado warning.

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Louisiana Home Care Companies to Pay $355K in Back Wages

Insurance Journal

More than 100 people working as home care companions will receive their share of nearly $355,000 in back wages and damages after investigations by the U.S.

Damage 147
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Ruling on Field Stands: Philadelphia Eagles Denied Covid-19 Insurance Claim

Insurance Journal

The Philadelphia Eagles football team has lost its bid for federal court reconsideration of the dismissal of the team’s claim for insurance coverage for COVID-19 losses.

Claim 147
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Cyber Attack Shuts Down Rhode Island’s Social Services Portal

Insurance Journal

The state of Rhode Island is dealing with a cyber attack that has shut down a portal citizens use to access health insurance and other social services.

Cyber 147
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How Accountants Provide Frontline Defense Against Cybercrime

Insurance Journal

Once considered to be simply “bean counters,” accountants now play an important role in the defence, investigation and protection against cybercrime.

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Allianz Withdraws $1.63B Offer for Singapore’s Income Insurance

Insurance Journal

German insurer Allianz has withdrawn its offer to acquire at least 51% of Singapore’s Income Insurance for about $1.63 billion, the company said in a statement on Monday. Reuters reported on Dec.

Insurer 147
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Unlocking Efficiency in Life Insurance Renewals:

Insurance Journal

This post is part of a series sponsored by AgentSync. The Hidden Cost of Manual License Verifications Keeping insurance producers’ licenses and appointments compliant is a critical responsibility shared by nearly everyone in the insurance distribution channel.