Thu.Feb 13, 2025

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Insurers Have Now Paid Out Nearly $7B for LA Wildfires, Report Shows

Insurance Journal

Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes last month.

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The Emotional Impact of Recovery from Wildfires

Property Insurance Coverage Law

Can you imagine going through the burned debris of what used to be your business or home, looking for anything that may be left of important sentimental value? Little things of personal property carry immense emotional value to us because they often serve as tangible symbols of our intangible experiences, relationships, and identities. When speaking … The post The Emotional Impact of Recovery from Wildfires appeared first on Property Insurance Coverage Law Blog.

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AIG’s Zaffino Talks More on Insurer-Reinsurer Split as $200B Cat Year May Loom

Insurance Journal

American International Group CEO Peter Zaffino used the insurer’s fourth quarter earnings call to again talk about reinsurance attachments points, throwing in the possibility 2025 could be the year for $200 billion in insured catastrophe losses.

Insurer 246
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Top 4 Marketing Strategies: Ranked by Insurance Agencies

Agency Revolution

What does marketing success look like? We asked our insurance agency friends about the marketing strategies they get the best return on investment with. The findings were interesting, to say the least! Of the four marketing strategy categories, Content, Search Engine, Traditional, and Word-of-Mouth marketing, here is how insurance agencies ranked each of these in terms of success.

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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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Alliant Names Foley VP in Benefits, Based in Tennessee

Insurance Journal

Alliant Insurance Services, one of the largest U.S. insurance brokers and distributors, has named Connor Foley vice president in its employee benefits group. He is based in Tennessee, Alliant said in a news release.

More Trending

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People Moves: BMS Taps Howden Re’s Biddell as Managing Director and Head of London P/C; MGA DUAL UK Makes 3 Senior Appointments in Underwriting and Distribution

Insurance Journal

This edition of International People Moves details appointments at the broker BMS and the managing general agent DUAL UK. A summary of these new hires follows here.

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New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

Insurance affordability in Georgia is dwindling as claim frequency and insurer costs soar, according to the latest issue brief from Insurance Information Institute (Triple-I), Trends and Insights: Georgia Insurance Affordability. Given the state’s below-average income vs. above-average insurance expenditures, Georgia ranks 42nd on the list of affordable states for homeowners insurance and 47th (plummeting from the 2006 high of 27th) for personal auto affordability, according to reports by

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Statewide Computer Outage Disrupts Nebraska Government Operations

Insurance Journal

A systemwide outage of Nebraska goverment computers shut down everything from the work of the Legislature to driver’s licensing offices for several hours Thursday.

License 223
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Blog Post: What Is Blockchain and Contract Lifecycle Management?

LexisNexis

Influencers and thought leaders in the legal technology space Legal Tech's Predictions for Emerging Technology in 2025 predict blockchain will affect smart contracts and contract lifecycle management in the corporate law department. This prediction brings exciting opportunities for general counsel and legal operations professionals who manage department efficiencies, productivity and performance.

Cyber 52
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Markets/Coverages: Mosaic Launches Combined General, Environmental Liability Cover

Insurance Journal

Mosaic Insurance has launched a combined environmental product that merges primary commercial general liability with a suite of added pollution and professional coverages.

Liability 211
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Preparing for ACA Reporting – February 2025

Zywave

In this webinar, our ACA expert will provide an overview of Section 6055 and 6056 reporting for calendar year 2024, which is due in early 2025. The discussion will include recent legislation on these reporting requirements, information on updated versions of the required IRS forms and instructions, along with answers to common questions about the reporting process.

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Australia’s Iron Ore Hub Faces Strongest Cyclone Since 2007

Insurance Journal

Australia’s iron ore hub is bracing for the strongest cyclone to hit the region since at least 2007, threatening port facilities and big mines operated by companies including Rio Tinto Group and BHP Group.

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Marine round-up : 14th February 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 14th February 2025 appeared first on Insurance Marine News.

Marine 52
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NC Industrial Commission Grants Benefits to Widow of Officer Killed in Mass Shooting

Insurance Journal

The family of a Raleigh police officer will receive workers’ compensation survivor benefits, even though the man was not officially at work when he was killed, the North Carolina Industrial Commission decided this week.

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Requirements for ships entering Chinese waters in an emergency

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Requirements for ships entering Chinese waters in an emergency appeared first on Insurance Marine News.

Marine 52
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Which Companies Are Pulling Back on Diversity Initiatives?

Insurance Journal

A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that much of corporate America endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in …

Liability 189
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New rules for containerized cargo

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New rules for containerized cargo appeared first on Insurance Marine News.

Marine 52
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Oklahoma Selected as Host for 2029 NAIC Spring National Meeting

Insurance Journal

The National Association of Insurance Commissioners has selected Oklahoma City as the host location for their 2029 Spring National Meeting, Oklahoma Insurance Commissioner Glen Mulready announced this week.

Insurer 182
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Cruise ships keep getting bigger

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cruise ships keep getting bigger appeared first on Insurance Marine News.

Marine 52
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Mercury Expects to Lose $1.6B to $2B From LA Wildfires

Insurance Journal

Although Mercury Insurance Group expects gross losses from the 2025 California wildfires in the $1.6 billion-$2.0 billion range, potential subrogation and reinsurance recoveries will drop the ultimate bill down to $325 million or less, the company believes.

Insurer 182
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Russia puts together LNG carrier flotilla in Arctic waters: report

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russia puts together LNG carrier flotilla in Arctic waters: report appeared first on Insurance Marine News.

Marine 52
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Viewpoint: The Recipe for Building a Successful MGA

Insurance Journal

The managing general agency model is attracting a number of ambitious underwriters keen to step away from established insurers to build nimble, specialized, and client-focused MGAs.

Building 179
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Ineffective voyage planning led to towed crane hitting Mackinac Bridge, says NTSB

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ineffective voyage planning led to towed crane hitting Mackinac Bridge, says NTSB appeared first on Insurance Marine News.

Marine 52
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Southern California Edison Gear Ignited More Fires in 2024 Than Previous Year

Insurance Journal

Southern California Edison’s equipment ignited nearly 60% more fires in 2024 than in the previous year, mainly tiny ones that were quickly extinguished, as the utility battled to prevent catastrophe in the months leading up to the Los Angeles wildfires.

Liability 147
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Accident a result of vessel navigating without safety margins, Swedish investigation finds

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Accident a result of vessel navigating without safety margins, Swedish investigation finds appeared first on Insurance Marine News.

Marine 52
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Insurers Escape Coverage for Parents Accused of Hiding Son’s Murder Weapon

Insurance Journal

A Pennsylvania husband and wife are not covered by their homeowners or personal umbrella insurance policies for claims they inflicted emotional distress by hiding the gun their son used to kill a friend and thus delaying discovery of the victim’s …

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Indian refiners restructuring supply chains

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Indian refiners restructuring supply chains appeared first on Insurance Marine News.

Marine 52
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Baltimore Sues Glock Over Handguns Easily Converted to Automatic Weapons

Insurance Journal

Baltimore is suing gunmaker Glock over design features that allow its handguns to be easily modified to become fully automatic weapons, which enables criminals to inflict more damage and makes the city more dangerous, attorneys argue in a complaint filed …

Damage 147
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Panama Maritime Authority says it is deflagging many sanctioned vessels

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Panama Maritime Authority says it is deflagging many sanctioned vessels appeared first on Insurance Marine News.

Marine 52
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Florida-Based The Liberty Company Keeps Growing, Now With $100M Credit Offering

Insurance Journal

Gainesville, Florida-based The Liberty Company Insurance Brokers, calling itself one of the fastest-growing privately held brokerages in the country, is set to grow a little more this year, thanks to a $100 million line of credit.

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Fifth Circuit Appeal Court ruling backs US Customs in Jones Act interpretation

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Fifth Circuit Appeal Court ruling backs US Customs in Jones Act interpretation appeared first on Insurance Marine News.

Marine 52
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Judge Rules Boston Waited Too Long to Sue Drug Intermediaries Over Opioid Crisis

Insurance Journal

A federal judge has dismissed the city of Boston’s lawsuit seeking to hold pharmacy benefit managers liable for the opioid epidemic. US District Judge Patti B. Saris ruled that the suit against the drug intermediaries was filed too late.

Liability 147
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5 Renovations That Can Alter Home Insurance

McMahon Insurance Agency

Key Takeaways Increased Home Value Affects Coverage Major renovations like additions or kitchen remodels raise your homes value, requiring […]