Wed.Oct 02, 2024

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Agent Satisfaction With Insurers Holds Strong; Erie Tops for Personal Lines

Insurance Journal

Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching an all-time high. According to the J.D.

Agents 290
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The Regulatory Blind Spot: How Insurance Departments Fail to Detect Systemic Bad Faith Claims Practices

Property Insurance Coverage Law

Recent investigative reporting by CBS’s 60 Minutes, noted in CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, has exposed alleged widespread underpayments of claims and unethical claims practices in Florida’s property insurance industry. This exposé raises serious questions about the effectiveness of state insurance regulators, particularly … The post The Regulatory Blind Spot: How Insurance Depart

Claim 279
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Helene Claims in Florida Already More Than 65,700 – Far More than Idalia

Insurance Journal

The number of property insurance claims in Florida from Hurricane Helene had topped 65,700 by Tuesday, far more than the 25,000 seen in Hurricane Idalia a year ago, the Florida Office of Insurance Regulation reported.

Claim 290
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Is Your Website Safe? How To Stay Secure Amid Increasing Cyber Threats

Neilson Marketing Services

In today’s digital age, the frequency and sophistication of cyberattacks are escalating at a staggering pace. Once every 11 seconds , somebody falls victim to a cyberattack, and in 2024 alone, six in 10 businesses have suffered a ransomware attack. For businesses in the insurance sector, which handles vast amounts of sensitive client data, this threat is especially menacing.

Cyber 104
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Global Insurers Fight London Court Battle Over Jets Seized in Russia

Insurance Journal

Insurers are playing “pass the liability parcel” in a desperate fight against multi-billion dollar claims over aircraft stranded in Russia since the invasion of Ukraine two years ago, lawyers for aviation lessors told a London trial on Wednesday.

Liability 289

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Arkansas Sues YouTube Over Claims That Site is Fueling Youth Mental Health Crisis

Insurance Journal

LITTLE ROCK, Ark. (AP) — Arkansas sued YouTube and parent company Alphabet on Monday, saying the video-sharing platform is made deliberately addictive and fueling a mental health crisis among youth in the state.

Claim 289
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What Are The Best Insurance Lead Companies For Producers? | EverQuote

EverQuote

If you’re considering buying leads to help boost your business, be aware that not all leads are created equal—and neither are the companies they come from.

Insurer 97
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California Wildfires Have Burned 1M Acres So Far This Year. Heat Wave Poses More Risk

Insurance Journal

The total acres burned in California this year surpassed 1 million as spiking temperatures this week added to the challenges facing firefighters struggling to contain a stubborn blaze in the mountains northeast of Los Angeles that flared up over the …

Risk 289
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A Behind-the-Scenes Look at Data Breach Forensics

ProWriters

When a client experiences a data breach, the first move is obvious—find the entry point and stop the damage. But after the initial response , what’s next? Sure, you’ll need to assess the compromised data and financial losses, but to truly understand the breach and protect against future risks, data breach forensics is essential. Data breaches don’t just happen in a vacuum; they leave behind a trail of digital breadcrumbs that cyber forensic experts can follow to determine how, when, and why the

Cyber 92
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Take the Hassle Out of Claims Management

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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Hybrid Jeep Owners Should Park Outside Pending Recall Fix, NHTSA Says

Insurance Journal

The U.S. National Highway Traffic Safety Administration said owners of 154,000 Jeep plug-in hybrid electric SUVs should park outside and away from buildings or other vehicles until they get recall repairs completed. Jeep-parent Stellantis on Sept.

Building 288
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How Partnering With a Cyber Insurance Broker Protects Your Clients

ProWriters

Modern businesses rely on cloud storage, connected digital devices, and online apps to serve their clients. As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

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AXA, Aircraft Lessor DAE Clinch Deal as UK Battle Over Jets ‘Seized’ in Russia Kicks Off

Insurance Journal

Aircraft lessor Dubai Aerospace Enterprise (DAE) has secured a settlement with insurer AXA over jets retained in Russia since the 2022 invasion of Ukraine, raising the prospect of further deals as a London High Court “mega trial” kicked off.

Insurance 278
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October is National Dental Hygiene Month

R&R Insurance

October is National Dental Hygiene Month. This month is dedicated to raising awareness about the importance of maintaining good oral health and the impact it has on overall wellbeing. The mouth is often referred to as the gateway to the body because it serves as an entry point for your digestive and respiratory systems. This means that the health of your mouth can significantly influence the health of your entire body.

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Virginia School Board Settles With Teacher Fired Over Trans Student’s Pronouns

Insurance Journal

A Virginia school board has agreed to pay $575,000 in a settlement to a former high school teacher who was fired after he refused to use a transgender student’s pronouns, according to the advocacy group that filed the suit.

Liability 278
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American Club warns on project cargoes

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post American Club warns on project cargoes appeared first on Insurance Marine News.

Marine 52
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Louisiana Department of Insurance Warns of Online Scams Post Francine

Insurance Journal

The Louisiana of Department of Insurance (LDI) is warning residents to be cautious of online scams related to Hurricane Francine insurance claims.

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Operators of PS Dream fined $2m, captain goes to prison

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Operators of PS Dream fined $2m, captain goes to prison appeared first on Insurance Marine News.

Marine 52
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Black Man Sues Iowa Trucking Company for Alleged Hair Discrimination

Insurance Journal

A Black man alleges in a lawsuit that an Iowa trucking company fired him as a driver because he wouldn’t cut off his dreadlocks, the latest in a series of incidents across the country over an issue activists have dubbed …

Damage 271
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Australia appoints independent inspector for live animal exports

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Australia appoints independent inspector for live animal exports appeared first on Insurance Marine News.

Marine 52
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Miami Condo President Charged With Skimming $1.5 Million in Association Fees

Insurance Journal

The long-time president and engineer of an upscale Miami-area condominium remained in jail late Wednesday after he was charged with stealing $1.5 million in association fees over the last seven years.

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Broken automatic control caused ferry injuries, says Swedish Accident Commission

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Broken automatic control caused ferry injuries, says Swedish Accident Commission appeared first on Insurance Marine News.

Injury 52
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Modeler KCC Puts Privately Insured Losses at $6.4B From Helene

Insurance Journal

Karen Clark & Co., the well-regarded storm modeling and analytics firm, estimated that privately insured losses from Hurricane Helene will be about $6.4 billion – from wind, storm surge and inland flooding in nine states.

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New Aegean hub emerges for ship-to-ship transfers of Russian oil: Windward

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New Aegean hub emerges for ship-to-ship transfers of Russian oil: Windward appeared first on Insurance Marine News.

Marine 52
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Dellwood Insurance Says AIG’s ‘Ginned-Up Claims’ Must Be Dismissed

Insurance Journal

The legal squabble between American International Group (AIG) and a startup-up formed by some former employees continued this week with another filing from Dellwood Insurance Group in support of its motion to dismiss AIG’s claims. Dellwood, in a U.S.

Claim 264
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Crane operator reported as shot In Haiti

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Crane operator reported as shot In Haiti appeared first on Insurance Marine News.

Marine 52
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Insured Losses from Central European Floods Range From US$2.2B to US$3.4B: Verisk

Insurance Journal

Insured industry losses from the flooding in the Czech Republic, Poland and Austria in September 2024 will range from €2 billion (US$2.2 billion) to €3 billion (US$3.4 billion), according to Verisk, the data analytics and technology provider.

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Port employers stand firm, US administration calls for negotiations

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Port employers stand firm, US administration calls for negotiations appeared first on Insurance Marine News.

Marine 52
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Markets/Coverages: Hub Int’l Forms Partnership With Largest Trucking Broker in Mexico

Insurance Journal

Hub International Ltd. (HUB), the Chicago-based insurance broker, announced an exclusive referral and broker program partnership throughout the U.S., Canada and Mexico with MAS Seguros, the largest trucking insurance broker in Mexico.

Broker 264
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Panama Registry says it will automatically expel sanction busters

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Panama Registry says it will automatically expel sanction busters appeared first on Insurance Marine News.

Marine 52
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Hurricane Ravages Southern Cotton Crops Just Before Harvest

Insurance Journal

Cotton growers are facing devastating losses and delays from Hurricane Helene just as harvest was beginning, marking the latest blow to profits in an already weak market.

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Compare Online Condo Insurance Quotes & HO-6 Insurance!

Simply Insurance

Compare online condo insurance quotes fast for your HO6 Property. Discover the average cost of condo insurance.

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UK Finance Firms’ Concern Over Geopolitics at Record Level

Insurance Journal

The share of UK financial services firms worried about geopolitical risks is at its highest level since the 2008 crash, the Bank of England said.

Risk 264