Mon.Jan 27, 2025

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Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

Insurance Journal

Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months.

Crime 260
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The Science of Windstorm Losses Has Evolved—Why the Leaders of Windstorm Losses Go to the Windstorm Insurance Conference

Property Insurance Coverage Law

In a 2009 post,Are There Going to Be Any Hurricanes in 2009, I made the following comment: While some may suggest that tornado activity is well accepted, I have sat across from Dr. Max Mayfield and debated this topic at a Windstorm Conference. The better the measuring devices are becoming, the better we understand how … The post The Science of Windstorm Losses Has EvolvedWhy the Leaders of Windstorm Losses Go to the Windstorm Insurance Conference appeared first on Property Insurance Covera

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Merck’s $8 Billion Cancer Vaccine Faces First US Jury Trial

Insurance Journal

Merck & Co. is facing its first jury trial over claims the company wrongfully marketed its lucrative Gardasil cancer vaccine as safe, the latest high-stakes litigation for the pharmaceutical giant.

Claim 287
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The Science of Windstorm Losses Has Evolved—Why the Leaders of Windstorm Losses Go to the Windstorm Insurance Conference

Property Insurance Coverage Law

In a 2009 post,Are There Going to Be Any Hurricanes in 2009, I made the following comment: While some may suggest that tornado activity is well accepted, I have sat across from Dr. Max Mayfield and debated this topic at a Windstorm Conference. The better the measuring devices are becoming, the better we understand how … The post The Science of Windstorm Losses Has EvolvedWhy the Leaders of Windstorm Losses Go to the Windstorm Insurance Conference appeared first on Property Insurance Covera

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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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Mangrove, Another New Property Insurer, Enters Florida Market

Insurance Journal

Former RenaissanceRe executive Stephen Weinstein has launched a new Florida-domiciled insurance carrier, known as Mangrove Property Insurance, with plans to assume thousands of policies from Citizens Property Insurance Corp.

More Trending

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UnitedHealth Says Hack at Tech Unit Impacted 190 Million People

Insurance Journal

The cyberattack at UnitedHealth Group’s tech unit last year affected the personal information of 190 million people, the health conglomerate said on Jan. 24, making it the largest healthcare data breach in the United States.

Cyber 278
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Discover the Power of the PSM Brokerage Product Portfolio and Agent Programs

PSM Brokerage

At PSM Brokerage, we are more than just a resource for insurance agentswere your partner in success. With a diverse product portfolio and a suite of powerful agent programs and services, we provide everything you need to grow your business, serve your clients, and reach your goals. Heres how our Product Portfolio and Agent Programs and Services Guide can help you thrive.

Agents 104
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California Storm Raises Mudslide Risk, Closes Interstate

Insurance Journal

Southern California will clock a few more tense hours as showers continue to soak the burn-scarred landscape around Los Angeles.

Risk 263
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Reforming Your Workers’ Comp Program: Avoiding Common Pitfalls and Taking Action

AMAXX

Revamping a workers compensation (WC) program can transform how companies manage costs and care for injured employees. However, many employers stumble in the early stages, leading to missteps that delay progress or worsen existing issues. Below, we explore common errors and provide actionable steps to begin reforming a workers’ comp program. Avoiding Common Errors 1.

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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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J&J Talc Deal Should Be Rejected in Bankruptcy, Holdouts Say

Insurance Journal

Holdout creditors who claim tainted baby powder gave them ovarian cancer urged a judge to reject Johnson & Johnson’s plan to force an end to all related cancer lawsuits.

Claim 246
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Step 1: Establish the Vision for Your Work Comp Program

AMAXX

This is where we start. We start with a vision. Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers Comp In 90 Days” Start With Goal of Where You Want to Go We start with a goal of where we want to go. Now, this can be defined typically with senior management or with your clients. If you’re a service provider, broker care, captive manager, et cetera.

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Texas Reports 564 Fatal Occupational Injuries in 2023, Down Slightly from Previous Year

Insurance Journal

The Texas Department of Insurance, Division of Workers’ Compensation this month released a report on fatal occupational injuries in Texas for the 2023 year, finding that fatal injuries were slightly down compared to the year prior.

Injury 244
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Insurance Broker Lead Generation: Proven Methods

Tosten Marketing

Insurance broker lead generation is a critical aspect of growing a successful brokerage. At Tosten Marketing, we’ve seen firsthand how effective strategies can transform a broker’s business. In this post, we’ll explore proven methods to attract and convert potential clients. From digital marketing tactics to traditional outreach, we’ll cover a range of approaches that yield results.

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Target Becomes Latest Company to Backtrack on DEI Initiatives

Insurance Journal

Target is ending its diversity, equity and inclusion program this year, the retailer said on Friday, the latest U.S. corporation to step away from such policies in the face of severe scrutiny from conservative groups.

Policy 242
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Can I Insure My Block of Flats if I’m Not the Freeholder?

Property Insurance Centre

Can I Insure My Block of Flats if I’m Not the Freeholder? The quick answer is yes, you can insure your block of flats even if youre not the freeholder, but the process and your responsibilities depend on your ownership type and lease agreement. Steps to Take Check the Lease Agreement: This document will outline who is responsible for insuring the building.

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People Moves: Chubb’s Westchester Names Leaders of Three New Business Practices

Insurance Journal

Westchester, Chubb’s Excess and Surplus Lines Division, headquartered in Alpharetta, Georgia, named three leaders for its recently formed new business practices property, casualty, and financial lines serving the organization’s digital and middle market, brokerage and programs businesses.

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Bangladesh Shipping Association fears congestion in March

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Bangladesh Shipping Association fears congestion in March appeared first on Insurance Marine News.

Marine 105
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NYC Scraps ‘Solvent’ Requirement in Revised Taxi Insurance Rules

Insurance Journal

New York City is walking back a proposed rule change that would have required taxi and rideshare drivers to be covered by a “solvent and responsible” insurance carrier, after Uber Technologies Inc.

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2025 Commercial Market Outlook Executive Summary

Zywave

The commercial insurance sector has been facing significant headwinds. Keep yourself and your clients informed with a thorough understanding of the market and the forces shaping it. Read our 2025 Commercial Market Outlook Executive Summary to gain insight into market conditions, influential factors and forecast trends. Please note: This is a high-level summary.

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Climate Change Makes Fierce Winter Storms Like Éowyn Even Stronger

Insurance Journal

Winter Storm owyn pummeled Ireland and the UK with hurricane-force winds on Friday, creating blackouts for hundreds of thousands and disrupting travel across northwestern Europe.

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Blog Post: "The Sheriff Grows Fat"

LexisNexis

In 1903 a journalist for Colliers magazine wrote, The sheriff grows fat on this sort of boarding house and is eager to get all the Chinese boarders he can find.[N]ine-tenths of the $4 per week he gets in clear profit. The article was about the fact that the federal government then paid New York county jails $4 per week to imprison accused Chinese immigration violators, caught attempting to enter the U.S. via Canada.

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Kansas Cattle Farms Fined for Clean Water Act Violations

Insurance Journal

Cattle feedlot operators Wickstrum Farms Inc. and Wickstrum Cattle LLC of Pottawatomie County, Kansas, will pay a combined $70,000 in civil penalties to resolve alleged violations of the federal Clean Water Act. According to the U.S.

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US and Canadian Coast Guard Icebreakers free trapped vessel on Lake Erie

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US and Canadian Coast Guard Icebreakers free trapped vessel on Lake Erie appeared first on Insurance Marine News.

Marine 94
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Auditors Get Tougher Guidelines on Judging Firms’ Environmental Claims

Insurance Journal

International auditors have been given new guidance on what to check when assessing firms’ environmental, social and governance claims – and how – as part of efforts to increase rigor and consistency, the chair of the industry’s global ethics watchdog …

Claim 228
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New Suez stretch to be open by end of March 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New Suez stretch to be open by end of March 2025 appeared first on Insurance Marine News.

Marine 89
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Southern California Edison Shares New Details on Transmission Lines in Eaton Amid Wildfire Probe

Insurance Journal

Southern California Edison, a unit of utility Edison International, said on Monday preliminary analysis of data showed a “momentary and expected increase in current” on its energized lines in the Eaton Canyon corridor on Jan. 7 evening.

Damage 227
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Chemical fire on wind turbine vessel in Netherlands

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Chemical fire on wind turbine vessel in Netherlands appeared first on Insurance Marine News.

Marine 82
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Ex-Yankee Mariano Rivera and Wife Deny Knowing of Church Abuse

Insurance Journal

New York Yankees legend Mariano Rivera and his wife are accused in a lawsuit of failing to protect a young girl who was sexually abused by an older child during a summer camp trip sponsored by their church.

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Another Baltic Sea cable damaged; ship detained

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Another Baltic Sea cable damaged; ship detained appeared first on Insurance Marine News.

Damage 66
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New Mexico P.I. First to Admit Guilt in Bribe Scheme to Get Drunk Drivers off Hook

Insurance Journal

A private investigator embroiled in a corruption scandal that rocked New Mexico’s law enforcement community for over a decade was the first to plead guilty to a slew of federal charges that include racketeering and bribery, according to court records.

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Expansion of West P&I’s war insurance offering

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Expansion of West P&Is war insurance offering appeared first on Insurance Marine News.

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W.R. Berkley Posts Record Year With Q4 Net Income Up 45%

Insurance Journal

Forth quarter 2024 net income at W.R. Berkley Corp. jumped 45% compared to a year ago to about $576 million. For the year, the Greenwich, Connecticut-based commercial insurer said it booked record income of about $1.