Fri.Feb 14, 2025

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California Insurance Commissioner Rejects State Farm’s 22% Rate Request

Insurance Journal

California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22% rate request from State Farm, instead calling a meeting with the carrier to get some answers about the carrier’s financial situation and more.

Insurer 278
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When Artificial Intelligence Becomes Wrongful Intelligence in Claims Handling

Property Insurance Coverage Law

The latest revelations about Allstates use of artificial intelligence (AI) in drafting insurance claims emails should serve as a wake-up call for policyholders, insurance regulators, and insurance industry claims handlers. According to a report from Futurism, Allstate Is Demanding We Delete These Quotes by Its Exec About How It’s Using AI to Write Insurance Emails,1 … The post When Artificial Intelligence Becomes Wrongful Intelligence in Claims Handling appeared first on Property Ins

Claim 190
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Peopele Moves: iink Names Fleszar as CEO

Insurance Journal

iink, a provider of technology to streamline the property damage insurance claims process and support faster payments to contractors, property owners, and claim professionals, is pleased to announce the appointment of Scott Fleszar as its new Chief Executive Officer. Mr.

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When Artificial Intelligence Becomes Wrongful Intelligence in Claims Handling

Property Insurance Coverage Law

The latest revelations about Allstates use of artificial intelligence (AI) in drafting insurance claims emails should serve as a wake-up call for policyholders, insurance regulators, and insurance industry claims handlers. According to a report from Futurism, Allstate Is Demanding We Delete These Quotes by Its Exec About How It’s Using AI to Write Insurance Emails,1 … The post When Artificial Intelligence Becomes Wrongful Intelligence in Claims Handling appeared first on Property Ins

Claim 166
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Streamline Insurance Claims Management By Analyzing Legal Trends

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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California Wildfire Mitigation And Recovery Bill Package Introduced

Insurance Journal

California Insurance Commissioner Ricardo Lara and a group of state lawmakers are pushing a 10-bill legislative package designed to improve disaster preparedness and help protect wildfire survivors. The bills intended focus are on consumer protection, climate resiliency and market strength.

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New York’s Top Court Weighs Child Victim Act Lawsuit Standards

Insurance Journal

Lawyers sparred before New York’s top court Wednesday over how specific a man alleging sexual abuse decades ago needs to be in his lawsuit against the state in a case that’s being watched by advocates concerned about the legal standards …

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Valuable Articles Insurance : Protect What You Love This Valentine’s Day

TGS

TGS Insurance Blog Valuable Articles Insurance: Protect What You Love This Valentine’s Day Roses wilt, chocolates disappear, and even the most extravagant date nights become cherished memories. But the perfect Valentines Day gift? Thats something meant to last. If youre celebrating with a gift of timeless valuelike a dazzling diamond ring, an elegant timepiece, or a rare collectors itemone of the most meaningful things you can do is ensure its properly protected.

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Texas County Approves Election for New City Starbase Near SpaceX Site

Insurance Journal

A Texas county on Wednesday approved holding an election sought by SpaceX that would let residents living around billionaire Elon Musk ‘s company decide whether to formally create a new city called Starbase.

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Workers Comp Premium, Loss, Market Trends Support Its Ongoing Success

Triple-I: Workers Compensation

By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-Is latest Issues Brief. It was the ninth year in a row of net underwriting profit following eight years of net underwriting losses.

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Specialty Re/Insurer Convex to Enter Lloyd’s With Syndicate 1984

Insurance Journal

Convex Group Ltd., the international specialty insurer and reinsurer, announced it has received in-principle approval to launch Lloyd’s Syndicate 1984, which will commence underwriting in April 2025.

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[On-Demand] Casualty Craziness: What’s the Cause and What’s the Cure?

Zywave

[link]

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Rare Bipartisan Push for Ban on Machine Gun Conversion in Alabama

Insurance Journal

MONTGOMERY, Ala.

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Do I Need More Insurance Coverage If I Have an Expensive Car?

Paragon Independent Insurance Agencies

Protecting a high-end vehicle in Plano, TX, can help secure your overall investments. While luxury vehicles share the same concerns as lower-end vehicles, they may require provisions that specifically cover your costs. Paragon Independent Insurance Agency can help determine if you need additional coverage for your expensive vehicle. Coverage Types You Need Your luxury vehicle requires the same categories of coverage as those for lower-cost vehicles.

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Los Angeles Sees Mudslides With Heavy Rains

Insurance Journal

Heavy rains caused flooding and mudslides in Los Angeles late Thursday and early Friday, as authorities ordered evacuations and warned of potentially dangerous conditions across land burned by last month’s devastating wildfires.

Damage 195
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Blog Post: OFLC FY 2024 Q1 Data (Feb. 14, 2025)

LexisNexis

OFLC, Feb. 14, 2025 OFLC Releases Public Disclosure Data and Selected Program Statistics for Q1 of Fiscal Year 2024 The Office of Foreign Labor Certification (OFLC) has released a comprehensive set of public disclosure data (through the first quarter of fiscal year 2025) drawn from employer applications requesting prevailing wage determinations and labor certifications for the PERM, LCA (H-1B, H-1B1, E-3), H-2A, H-2B, CW-1, and Prevailing Wage programs.

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PG&E Needs California’s Help to Calm Investors Post-Fire, CEO Says

Insurance Journal

PG&E Corp. wants California to promptly shore up the state’s $21 billion insurance fund for utilities that is at risk of being drained following the recent devastating fires in the Los Angeles area.

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Blog Post: What’s New in Practical Guidance – January 2025 Updates

LexisNexis

In January 2025, Practical Guidance introduced a comprehensive array of new resources and updates across various legal practice areas, reflecting the dynamic nature of the legal landscape. This release is designed to equip legal professionals with the latest tools and insights necessary to navigate complex legal challenges effectively. To view these resources, sign in or take a free trial today!

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Virginia Attorney General’s Office Hit by Cyber Attack

Insurance Journal

Virginia State Police and the Federal Bureau of Investigation (FBI) are investigating a “sophisticated cyberattack” that struck the Richmond offices of Virginia Attorney General Jason S. Miyares on Wednesday.

Cyber 165
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Blog Post: DOS on Sex Marker in Passports (Feb. 11, 2025)

LexisNexis

State Department, Feb. 11, 2025 "The White House issued Executive Order "Defending Women from Gender Ideology Extremism and Restoring Biological Truth to the Federal Government" on January 20, 2025. Under the executive order, we will no longer issue U.S. passports or Consular Reports of Birth Abroad (CRBAs) with an X marker. We will only issue passports with an M or F sex marker that match the customer's biological sex at birth.

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Sompo Holdings Restructures Business Into 2 Global Segments

Insurance Journal

Sompo Holdings Inc., the Tokyo-based insurance holding company, announced it is restructuring its business into two global segments: Sompo Property and Casualty re/insurance (Sompo P&C), and Sompo Wellbeing, effective April 1, 2025.

Insurer 147
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Blog Post: Denver Public Schools Sue DHS re ICE Access

LexisNexis

The Guardian, Feb. 13, 2025 "The Denver public school system (DPS) on Wednesday became the first US school district to sue the Trump administration over its policy of allowing Immigration and Customs Enforcement (Ice) agents in schools. Colorados largest public school district argues in the federal lawsuit that the policy has forced schools to divert vital educational resources and caused attendance to plummet.

Policy 40
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Settlement Reached in North Dakota Lawsuit Against White Nationalist Hate Group

Insurance Journal

Two North Dakota nonprofits have settled their lawsuit against a white nationalist hate group that alleged it intimidated immigrant business owners, though the details are unclear.

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Blog Post: Myths and Facts About Birthright Citizenship

LexisNexis

Torri Lonergan, Media Matters, Feb. 14, 2025 "When President Donald Trump announced his intention to end birthright citizenship, right-wing media figures immediately began spreading misinformation to make the move appear more palatable. Right-wing media amplified Trumps false claim that the U.S. is the only country with birthright citizenship, inaccurately suggested that birthright citizenship makes it easy for undocumented parents to become citizens, and obscured the fact that Trumps execu

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Texas Power Grid Says State’s Energy Demand May Exceed Supply in 2026

Insurance Journal

Texas’ main grid operator on Thursday forecast that the state’s growing demand for power could surpass its available energy supply beginning in summer 2026.

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Renewal Rates Up YOY for All Commercial Lines Except Workers Comp: Ivans

Insurance Journal

Premium renewal rates increased year over year for all major commercial lines, except workers’ compensation, according to the January 2025 results of the Ivans Index.

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Bird Flu Signs Found in Three Veterinarians Suggest Wider US Spread

Insurance Journal

Signs of recent bird flu infection were found in three US veterinarians, two of whom had no known prior exposure, researchers said, suggesting potentially wider spread of the dangerous virus than has been suspected.

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North Carolina Lawmakers Amend Hurricane Helene Recovery Measure

Insurance Journal

RALEIGH, N.C. (AP) North Carolina House members advanced Wednesday a Republican package to boost state recovery funding after Hurricane Helene as committees fleshed out details on how best to spend another $500 million to address the historic flooding.

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Powerful Tropical Cyclone Zelia Hits Australia’s Iron Ore Hub

Insurance Journal

Tropical Cyclone Zelia made landfall on Australia’s west coast on Friday, the weather bureau said, lashing the world’s largest iron ore hub with heavy rain and wind gusts up to 290 kph (180 mph).

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Coca-Cola, PepsiCo Planning to Comply With Trump’s DEI Policy

Insurance Journal

Coca-Cola Co. and PepsiCo Inc., both government contractors, are preparing to comply with President Donald Trump’s executive order banning diversity, equity and inclusion programs, according to people familiar with the matter.

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