Fri.Dec 06, 2024

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Ransomware Gangs’ Merciless Attacks Bleed Small Companies Dry

Insurance Journal

The black-and-white message flickering across computer screens sparked panic at Knights of Old, a 158-year-old UK delivery company: “If you’re reading this, it means the internal infrastructure of your company is fully or partially dead.

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Contractor’s E&O in Action

Central Insurance

Mistakes happen. Learn how Contractor's Errors & Omissions insurance protects plumbers, painters, landscapers, and more from costly claims. The post Contractor’s E&O in Action appeared first on Central Insurance Blog.

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Antares Announces Leadership Team for New Commercial Division

Insurance Journal

Antares Global Management Ltd. announced three key appointments for its new Commercial Division, which comprises Syndicate 1274 and Bermuda-based Antares Re.

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Making the Holidays Brighter: Our Day at the Child Advocates Warehouse

TGS

Yesterday, our team at TGS Insurance Agency had the privilege of volunteering at the Child Advocates warehouse, marking one of the most heartwarming days of the year for us. With bags of toys, clothes, and heartfelt wishes in tow, we arrived ready to support this incredible organization and the children they serve. As part of our commitment to giving back, we sponsored children through Child Advocates’ Santas Wishlist program.

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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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Insured Losses From Natural Disasters Top US$100B for 5th Consecutive Year: Swiss Re

Insurance Journal

Estimated insured losses from natural catastrophes are on track to surpass US$135 billion in 2024 for the fifth consecutive year, according to Swiss Re Institute.

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Goldman Sachs Quits Global Climate Coalition for Banks

Insurance Journal

Goldman Sachs said it has quit a sector coalition aimed at aligning bank lending and investment activities with global efforts to fight climate change, marking the latest high-profile departure of a U.S. financial firm from the group. The U.S.

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Suspect in UnitedHealth shooting thought to have left New York

Elmore

Search by investigators for man alleged to have killed top US insurance executive stretches into third day The post Suspect in UnitedHealth shooting thought to have left New York appeared first on Elmore Insurance Brokers.

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China Aims to Boost Foreign Investment in Property Insurance Market

Insurance Journal

China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement.

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How Aviva won Direct Line in eight days

Elmore

Deal agreed to create a 16bn insurance giant with a fifth of the UK motor insurance market The post How Aviva won Direct Line in eight days appeared first on Elmore Insurance Brokers.

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After 23 Years as CEO, Craft Moves to Producer Role at Palomar as Williford Takes Helm

Insurance Journal

Alabama-based Palomar Insurance, a 70-year-old agency with offices across the state and in Mississippi and Georgia, announced that longtime CEO Tony Craft will step down to be a producer in the company.

Insurance 246
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2024 Insurtech Gift Guide

Zywave

Get the Insurtech Gifts that Keep on Giving Tis the season for unwrapping the perfect software gifts to help your organization secure more efficient and effective success in 2025. Now is the time to set yourself up for the new year by investing in powerful solutions designed to unlock new growth. Make your season merry and bright with the perfect holiday insurtech gift from Zywave.

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Baltimore First Responders Rush to Contain Fire in City’s Wood Refuse Area

Insurance Journal

Baltimore firefighters last night rushed to the scene of a fire spotted at a wood waste collection yard run by the city. At approximately 5:10 p.m.

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Mutual of Omaha Medicare Supplement Plans

PSM Brokerage

Why Mutual of Omaha Medicare Supplement Plans Should Be in Every Agent's Portfolio As an insurance agent, youve probably come across Mutual of Omaha. Maybe its their iconic commercials or their reputation for reliability that first caught your attention. But when it comes to Medicare Supplement Plans , Mutual of Omaha isnt just a familiar nameits a powerhouse of value for both agents and clients.

Agents 52
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UK Issues Red Warning as Storm Darragh Brings Hurricane-Strength Winds

Insurance Journal

Storm Darragh has triggered a red weather warning for the west coast of Wales and the Bristol Channel on Saturday, with hurricane-force winds forecast.

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Wrap Up!: Essential InsuredMine Features to Try Before 2025!

InsuredMine

As we get ready for the next chapter which is 2025, InsuredMine CRM has rolled out some fantastic features this year that you might not have tried yet. These features are perfect for agencies looking to boost efficiency and improve client interactions. They make your operations easier and help your team work better together, which means happier clients!

Agents 52
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Missouri to See Reduction in Workers’ Comp Rates in 2025

Insurance Journal

The Missouri Department of Commerce and Insurance (DCI) announced that employers should see a reduction in workers’ compensation rates in 2025, marking the fourth straight year of decreased rates.

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The Evolution of Commercial Insurance: Key Trends to Watch in 2025

Protect Commercial Insurance

Introduction The world of commercial insurance is constantly evolving, adapting to meet the changing needs of businesses. As we inch closer to 2025, several trends are emerging that promise to reshape the landscape of business insurance. From cutting-edge technology to shifting regulatory frameworks, these developments are poised to offer both challenges and opportunities.

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Failure to Produce Proof of Purchase Dooms Insurer’s Product Liability Case

Insurance Journal

A federal court in Pennsylvania recently affirmed that plaintiffs seeking to hold a seller or distributor liable for a faulty product must provide clear evidence of where they purchased their product.

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UnitedHealth shooting stokes mourning and glee on social media

Elmore

Jubilation among some users highlights scale of Americans frustration over their health system The post UnitedHealth shooting stokes mourning and glee on social media appeared first on Elmore Insurance Brokers.

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Georgia Parents and Teen Indicted in Fatal Drunk Driving Crash

Insurance Journal

DECATUR, Ga. (AP) A Georgia couple has been charged with involuntary manslaughter after authorities say they let their daughter and her friends drink alcohol before they got in a fatal car crash that left one of them dead.

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Blog Post: CA1 on El Salvador, Evidence: Escobar Larin v. Garland

LexisNexis

Escobar Larin v. Garland "Jose Rodolfo Escobar Larin ("Escobar"), a native and citizen of El Salvador, petitions for review of a decision by the Board of Immigration Appeals ("BIA") that affirmed the denial of his claims for asylum, withholding of removal, and protection under the Convention Against Torture ("CAT").

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Fraud Ringleader in Washington Sentenced, Ordered to Pay $7.1M in Restitution

Insurance Journal

A Washington man has been sentenced to a dozen years in prison and ordered to pay $7.1 million for leading a fraud scheme that involved staged collisions. A U.S.

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Blog Post: Pornographic Deepfake Bills in TX & Data Center Energy Challenges for States

LexisNexis

TX Lawmaker Targeting Pornographic Deepfake Tools Accessible by Minors Texas Rep. Mary González (D) has prefiled a package of bills for next years session targeting minors access to artificial intelligence-generated sexually explicit images and videos. The state has already passed legislation dealing with nonconsensual pornographic deepfakes, but these measures would go further, placing requirements on AI image generators.

Policy 40
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Texas Senate to Pursue Ban on THC Products in 2025

Insurance Journal

Lt. Gov. Dan Patrick announced Wednesday that lawmakers in the state Senate would move to ban all forms of consumable tetrahydrocannabinol, or THC, in Texas.

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Blog Post: Nursing Home Industry’s Push for Repeal of New Staffing Regulation

LexisNexis

Nursing Home Industry Pushing for Repeal of Nurse Staffing Mandate With President-elect Donald Trump returning to the White House next year, the nursing home industry has been ramping up its efforts to kill the Biden administrations new nurse staffing regulation. That mandateissued in April in response to the over 172,000 covid-related deaths of nursing home residents nationwide during the pandemicwill require nursing homes, by May 2026, to have registered nurses on site 24 hours a day, seven da

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Aviva Reaches Initial ÂŁ3.6 Billion Deal to Buy Direct Line

Insurance Journal

Aviva Plc reached a preliminary agreement to buy Direct Line Insurance Group Plc for 3.6 billion ($4.6 billion) in a deal that would create the UK’s largest motor insurer.

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Texas Tire Distributor Faces $288K Fine After Forklift Operator’s Death

Insurance Journal

A U.S.

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3 Reasons for Property Insurance Professionals to Attend INTRConnect 2025

Insurance Journal

This post is part of a series sponsored by CoreLogic. With 2025 in plain sight, it’s time to solidify our strategies for the new year.

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Aviva CEO Amanda Blanc Conquers Detractors and Direct Line

Insurance Journal

Amanda Blanc is determined to steer Aviva Plc to one of the biggest takeovers in its history, a highlight in a storied insurance career where she’s stood up to challenges including activist shareholders and sexist barbs. If her 3.

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Trump Names David Sacks as White House AI and Crypto Czar

Insurance Journal

Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent to boost two rapidly developing industries.

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