Insurance Journal
SEPTEMBER 26, 2024
The New York City Council will introduce legislation this week that would drastically reduce the amount of insurance coverage taxi and ride-share vehicles are required to maintain, looking to contain potential fallout from the insolvency of the city’s largest taxi …
Property Insurance Coverage Law
SEPTEMBER 26, 2024
A recent federal court ruling in Missouri highlights the critical importance of admissible expert testimony in property insurance disputes. In a case involving alleged hail damage to a commercial building, the court granted summary judgment in favor of the insurer, Charter Oak Fire Insurance Company, after excluding the policyholder’s expert witness. 1 The policyholder, BLIV, … The post Insurance Company Prevails in Hail Damage Claim Dispute—Policyholders Need to Hire Experts Right A
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Insurance Journal
SEPTEMBER 26, 2024
Cybersecurity claims reported in recent years vary sharply, with larger claims reaching $500 million of data loss and smaller claims as low $1,000. NetDilligence released its annual report, which analyzes 10,464 claims from incidents between 2019 and 2023.
Property Insurance Coverage Law
SEPTEMBER 26, 2024
Consequential damages play a significant role in both contract law and insurance claims, but they operate under different frameworks and have distinct implications depending on the context. Consequential damages in contract law are indirect, foreseeable losses that result from a breach of contract. Consequential damages in insurance claims are indirect losses resulting from — but … The post What Are Consequential Damages?
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Insurance Journal
SEPTEMBER 26, 2024
Just when employees have learned to ignore scammy texts and emails from the boss, along comes the next generation of impersonation using artificial intelligence. Cybercriminals increasingly use generative AI, including voice calls and video, to scam businesses.
Frankenmuth Insurance
SEPTEMBER 26, 2024
Like many products and services these days, car insurance rates have also been on the rise. Wondering what’s driving the rates and what you can do? To help you understand the current landscape, we’re breaking down four of the main factors affecting car insurance rates today. Read on to find out what they are. Factor #1: Higher vehicle repair and replacement costs.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Splash: Finance and Insurance
SEPTEMBER 26, 2024
Mudit Paliwal-led Delta Corp Holdings has rekindled ambitions for a NASDAQ listing via a merger deal with US distributor of vaping products Kaival Brands.
Insurance Journal
SEPTEMBER 26, 2024
Institutional investors holding a combined $9.5 trillion of assets say they’ve slashed portfolio emissions at a rate that aligns them with the goal of limiting global warming to the critical threshold of 1.5C.
Majesco
SEPTEMBER 26, 2024
As long as there have been superheroes, there have been super suits. The suit’s original purpose was to distinguish the superhero from the average person on the street and to give them a brand of their own. When the superhero showed up, everyone knew, “Here’s our hero.” But even if the super suit began as a symbol, it quickly evolved (as writers grew more creative) into a tool with its own powers.
Insurance Journal
SEPTEMBER 26, 2024
For-sale listings on Zillow will now feature detailed climate risk information for five key categories — flood, wildfire, wind, heat and air quality — along with insurance recommendations, according to the online real estate company.
Insurance Marine News
SEPTEMBER 26, 2024
Bulk carrier Ruby (IMO 9626390), which caused concerns in Tromsø, northern Norway after it reported rudder damage and then was discovered to be carrying a large amount of ammonium nitrate on board, and which was then barred from getting repairs in Klaipeda unless it unloaded its cargo first, was yesterday at anchor off Margate, south-eastern. The post Ammonium nitrate vessel parks off Margate appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 26, 2024
Safeco Insurance, a Boston-based Liberty Mutual Insurance company, said it has entered into a book transfer agreement with Columbia Insurance Group, a Central and Midwest regional carrier.
Insurance Marine News
SEPTEMBER 26, 2024
Three containers were knocked off container ship Vladivostok (IMO 9130145) in Nansha, China on September 21st when it collided with another vessel. The containers were salvaged over the next couple of days and returned to the boxship. The Vladivostok was reported to have been struck by another vessel when it was docked at the Phase. The post Marine Round-up : 27th September 2024 appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 26, 2024
A man who spent 26 years in solitary confinement despite a history of mental illness can sue Pennsylvania prison officials for alleged cruel and unusual punishment, a U.S. appeals court said in reviving the man’s lawsuit.
Insurance Marine News
SEPTEMBER 26, 2024
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned more than a dozen entities and vessels for their involvement in the shipment of Iranian crude oil and liquid petroleum gas to Syria and East Asia on behalf of the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Hezbollah. Among the vessels sanctioned. The post More US sanctions in Middle East appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 26, 2024
Federal safety officials said that almost four months after a fatal explosion at a steel-hardening facility in Tennessee, teams are still trying to determine the exact cause of the incident.
Insurance Marine News
SEPTEMBER 26, 2024
The National Oceanic and Atmospheric Administration (NOAA) has warned of the potential for catastrophic inland flooding that could continue long after landfall after hurricane Helene hits the US, currently expected late on Thursday local time. Helene is an unusually large storm with a wind field extending 345 miles from its centre, has been travelling north.
Insurance Journal
SEPTEMBER 26, 2024
Wealthy neighborhoods in Quito remain under threat of flames, and schools have shifted to online teaching through the end of the week as firefighters battle forest fires in Ecuador’s capital.
Insurance Marine News
SEPTEMBER 26, 2024
Supply chain problems have repeatedly been cited by wind farm developers as one of the problems they face and now another one of the first projects planned for New Jersey is asking for a pause in its planning process citing a lack of a manufacturer for its turbines and blades. The setbacks for the project. The post Supply chain problems threaten another New Jersey Offshore wind farm plan appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 26, 2024
The Ardonagh Group, the London-based independent insurance distribution platform, announced that PSC Insurance Group Ltd.’s shareholders voted in favor of its proposed acquisition. The transaction, which is valued at A$2.3 billion (US$1.
Insurance Marine News
SEPTEMBER 26, 2024
West is pleased to announce the appointment of Cai Xuanlun (“XL”) as the new CEO of its Hong Kong office effective December 2024, when he will succeed Richard Macnamara. Cai joined West’s Hong Kong office in 2013, having graduated from Shanghai Maritime University with a law degree and then spending several years practicing law in. The post West names new CEO for Hong Kong office appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 26, 2024
As its authority is routinely questioned, the Federal Trade Commission has filed complaints against five companies it said use artificial intelligence (AI) to “supercharge deceptive or unfair conduct.
Insurance Marine News
SEPTEMBER 26, 2024
The cost of clearing the collapsed Francis Scott Key Bridge from the Patapsco River in Baltimore has risen by more than 40% since July, to more than $71m, according to local reports. Maryland officials initially awarded a $50m contract to Sweden-based construction company Skanska, which has a US operation headquartered in New York. That contract. The post Baltimore bridge costs are rising, legal actions pile up appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 26, 2024
In the long war between auto insurers and windshield repair shops, the Florida Supreme Court this week sided with glass companies, leaving GEICO with little choice but to ask lawmakers to change the law if it feels repair prices have …
Insurance Marine News
SEPTEMBER 26, 2024
Locally based Rabb Carvalho Advocacia has informed American Club that the Amazon region was currently experiencing unprecedented drought conditions that had led to a drastic reduction in river water levels. This had made navigation increasingly risky, and a state of emergency has been declared. Recent reports of severe drops in water levels include: · Rio.
Insurance Journal
SEPTEMBER 26, 2024
Alera Group announced the acquisition of Insurance Underwriters Ltd., a Louisiana-based insurance agency offering risk management and insurance solutions including business insurance, surety bonds, personal insurance and employee benefits.
Insurance Marine News
SEPTEMBER 26, 2024
The Bangladesh Ministry of Industries has suspended shipbreaker SM Corporation in Chattogram after a worker died during the cutting of the tanks on scrapped tanker Swarajya (IMN September 10th). An explosion and fire on September 7th occurred as a team when a team was said to be cutting into the engine spaces aboard a former. The post Bangladesh suspends ship recycler after worker’s death appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 26, 2024
As Hurricane Helene gains strength in the unusually warm waters of the northern Gulf of Mexico, forecasters, claims adjusting firms and analytics experts are warning that the storm could be more damaging than other recent storms that hit the same …
Insurance Marine News
SEPTEMBER 26, 2024
Three containers were knocked off container ship Vladivostok (IMO 9130145) in Nansha, China on September 21st when it collided with another vessel. The containers were salvaged over the next couple of days and returned to the boxship. The Vladivostok was reported to have been struck by another vessel when it was docked at the Phase. The post Round-up appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 26, 2024
Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, has launched an office in Bermuda to focus on wholesale insurance broking for its global clients. Trading as Acrisure Bermuda Ltd.
Elmore
SEPTEMBER 26, 2024
Advisers say a third of people take out the wrong kind of protection insurance, leaving many with overlapping — or inadequate — cover The post Are you paying too much for insurance? appeared first on Elmore Insurance Brokers.
Insurance Journal
SEPTEMBER 26, 2024
Shell, Equinor and TotalEnergies said on Thursday their carbon dioxide (CO2) storage project on Norway’s west coast is now completed and ready to receive CO2, with its first deliveries expected next year.
Relation
SEPTEMBER 26, 2024
As the leaves start to turn and the air gets a little crisper, it’s the perfect time to reflect on our recent Service Team Appreciation Week (S.T.A.W.). Held in mid-September, this gathering was more than just a party; it was a heartfelt celebration of the incredible individuals who make our customer service side of the […] The post Celebrating Our Team: A Look Back at Service Team Appreciation Week appeared first on Relation Insurance.
Insurance Journal
SEPTEMBER 26, 2024
Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian LNG, with the government saying it was using new legal powers for the first time to target LNG vessels directly.
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