Insurance Journal
AUGUST 8, 2024
Despite the dangers and expense associated with living in high-risk areas, large numbers of people are still moving to parts of America most impacted by wildfires, flooding and extreme heat.
Property Insurance Coverage Law
AUGUST 8, 2024
A Florida federal magistrate made three very similar rulings in one day regarding pending appraisals, which should be read by all involved with appraisal. 1 The Orders set out criteria for appraisers, the appointment of an umpire that requires the appraisers to be present and in front of the court if an agreement cannot be … The post Appraisal Orders Setting Criteria to be an Appraiser, Procedure for Determining Umpire, Discovery During Appraisal, and Details of the Appraisal Award appeare
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Insurance Journal
AUGUST 8, 2024
California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies to preserve residential insurance coverage for more than 185,000 policyholders affected by the Park, Borel and Gold Complex fires.
Property Insurance Coverage Law
AUGUST 8, 2024
There must have been a lot of “at a boy” congratulatory text messages from insurance industry lobbyists to Florida CFO Jimmy Patronis after they read the Insurance Journal article, Florida CFO Issues Order on ‘Despicable’ Public Adjusters as Debby Floods Carolinas. But did Jimmy Patronis really refer to public adjusters as despicable in a public statement?
Insurance Journal
AUGUST 8, 2024
Significant flooding was expected across southeast North Carolina and eastern South Carolina Thursday and Friday as Tropical Storm Debby made a second landfill just north of Charleston.
LexisNexis
AUGUST 8, 2024
By Geoffrey D. Ivnik, Esq. | Director of Large Markets, LexisNexis Leaders of America’s largest law firms have decided to move full speed ahead with the adoption of generative artificial intelligence (Gen AI) technology because they see these tools as keys to unlocking greater value for clients and greater revenues for their firms. More than half of the Am Law 200 (53%) have purchased at least one Gen AI solution and 45% of them are already using it for legal matters, according to the 2024 Lexis
Insurance Journal
AUGUST 8, 2024
Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in natural catastrophes in recent years continue to face higher premiums on policies.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
AUGUST 8, 2024
Increased flooding in Britain from overflowing rivers and blocked drains is leading insurers to pull back from offering cover, particularly for commercial properties and residential landlords, industry representatives say.
Majesco
AUGUST 8, 2024
Intelligent underwriting has the potential to transform and optimize the group, benefits, and worksite insurance industry by using Artificial Intelligence (AI) and Application Programming Interfaces (APIs) to streamline underwriting, expand and manage data access, speed quote turnaround times, improve risk assessments, and optimize business workflows.
Insurance Journal
AUGUST 8, 2024
HOUSTON (AP) — A federal judge on Tuesday dismissed most of the claims in a lawsuit filed by a Black high school student who alleged that school officials committed racial and gender discrimination when they punished him for refusing to …
Bankers Insurance
AUGUST 8, 2024
THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Doing so can make all the difference in providing sufficient protection and preventing coinsurance penalties amid covered property losses.
Insurance Journal
AUGUST 8, 2024
Zurich Insurance on Thursday posted a bigger than expected 7% rise in first-half operating profit to a record $4 billion due to a strong performance across the board and said it was on track to exceed its 2025 targets.
PSM Brokerage
AUGUST 8, 2024
On July 25, 2024, the U.S. District Court for the Eastern District of Texas halted the effective date of the Department of Labor’s (DOL) 2024 Fiduciary Rule and its amendment to Prohibited Transaction Exemption (PTE) 84-24. The following day, the U.S. District Court for the Northern District of Texas issued its own stay on the 2024 Fiduciary Rule and all related exemptions.
Insurance Journal
AUGUST 8, 2024
The Maryland Insurance Administration (MIA) is notifying the insurance industry that the maximum penalties that may be imposed for certain violations of the state’s insurance laws will be going up substantially starting October 1.
PSM Brokerage
AUGUST 8, 2024
As of July 19, 2024, CMS is blocking agents and brokers from making changes to a consumer’s FFM enrollment unless the agent is already associated with the consumer’s enrollment. This applies to all agent-assisted enrollment applications across all enrollment platforms. For more information on the changes CMS has implemented, access the full statement from CMS here.
Insurance Journal
AUGUST 8, 2024
Pro Pallet, LLC, a Pennsylvania-based construction company, will pay $50,000 and furnish other relief to settle a retaliation lawsuit filed by the Equal Employment Opportunity Commission (EEOC).
LexisNexis
AUGUST 8, 2024
Developing a winning strategy in the legal department is possible when legal operations teams consider engaging with one of the most advanced and integrated enterprise legal management solutions available for the corporate law department. Below, you'll see six winning strategies, just in time for the Olympics. 6 Ways to Win in the Legal Department Watching the Olympics 2024 in Paris brings out the competitive spirit.
Insurance Journal
AUGUST 8, 2024
For the first time in roughly 40 years, the Environmental Protection Agency used its emergency authority to halt the sale of a weed-killing pesticide that harms the development of unborn babies.
Property Insurance Centre
AUGUST 8, 2024
How to get Empty Office Insurance Empty office Insurance If you are a property owner of an office. You will want to make sure you have the right policy in place that will cater for your particular requirements. If that office becomes empty, whether it be short term or on a longer term basis, your requirements will almost certainly change, and most important you will need Empty Office Insurance.
Insurance Journal
AUGUST 8, 2024
This post is part of a series sponsored by PCF Insurance Services. PCF Health & Benefits Practice Leader, Al Marino, teamed up with Hugh O’Toole, CEO of Innovu, to discuss ways to navigate healthcare data for human capital risk enhancement.
LexisNexis
AUGUST 8, 2024
IDP, HIRCP, Aug. 2024 Particularly Serious Crime” Bars on Asylum and Withholding of Removal: Legal Standards and Sample Case Law Determinations "This resource is meant to assist in the legal representation of (1) noncitizens in criminal proceedings facing a criminal charge that, upon conviction, could bar asylum or withholding of removal and (2) non-citizens with a past criminal conviction seeking such fear-based relief in immigration proceedings.
Insurance Journal
AUGUST 8, 2024
Elected officials and union leaders in Baltimore are calling for safer and more humane working conditions for the city’s public works employees after a man collapsed and died from heatstroke last week while collecting trash during hot summer weather.
LexisNexis
AUGUST 8, 2024
EOIR Director Job Opening Open & closing dates: 08/05/2024 to 09/05/2024 Salary: $147,649 - $221,900 per year This position is located at the Headquarters for Executive Office of Immigration Review (EOIR) in Falls Church, Virginia. As Director, Executive Office for Immigration Review, the incumbent has the full-delegated authority of the Attorney General to manage all aspects of EOIR operations.
Insurance Journal
AUGUST 8, 2024
Alliant Insurance Services, a distributor of insurance products around the U.S., has named Sean Bisig vice president and producer in its employee benefits group. He will continue to be based in Charlotte, North Carolina.
LexisNexis
AUGUST 8, 2024
Alex Daniels, Chronicle of Philanthropy, Aug. 8, 2024 "The Path2Papers , a nonprofit project at Cornell University Law School, in April received $1.5 million from the Crankstart Foundation to offer free consultations to DACA recipients in the San Francisco area who want to see if they have work visa options. The nonprofit has done more than 400 consultations, finding that more than half of DACA recipients it worked with may be eligible for a work visa.
Insurance Journal
AUGUST 8, 2024
The city of Naperville must pay $22.5 million in damages for the wrongful conviction of a man accused of arson and murder. A federal jury awarded the damages to William Amor’s estate, the Chicago Tribune reported Tuesday.
Elmore
AUGUST 8, 2024
Steep increase in costs has fed through to businesses and households The post Munich Re chief expects reinsurance prices to stay high appeared first on Elmore Insurance Brokers.
Insurance Journal
AUGUST 8, 2024
Pittsford, NY. August 8, 2024 — Sutherland is excited to introduce CognilinkClaims™, an innovative AI-powered solution that integrates Classic AI and Generative AI capabilities to redefine and streamline the entire claims process.
LexisNexis
AUGUST 8, 2024
Visa Bulletin For September 2024
Insurance Journal
AUGUST 8, 2024
DARAG Group, the Malta-based legacy acquisition company, announced it has agreed to sell its North American and Bermuda business entities to the RiverStone Group, a subsidiary of Fairfax Financial Holdings Ltd.
PSM Brokerage
AUGUST 8, 2024
Traditional Medicare lacks an out-of-pocket maximum, which often leads beneficiaries to seek supplemental coverage to manage their financial exposure and make costs more predictable. In 2021, 89% of traditional Medicare enrollees had additional insurance, with 41% purchasing Medigap policies. While Medigap plans help make traditional Medicare costs more manageable, they have historically lacked federal consumer protections.
Insurance Journal
AUGUST 8, 2024
British insurer Beazley upgraded its combined ratio forecast for 2024 on Thursday after first-half pretax profit nearly doubled, boosted by growth in its property risks premiums and fewer catastrophe losses, sending its shares up 10%.
LexisNexis
AUGUST 8, 2024
Human Rights First, Aug. 7, 2024 "As part of a June 2024 asylum ban rule, the Biden administration eliminated a safeguard that had been in place for nearly 30 years to protect people seeking asylum from being summarily deported without a chance to present their asylum claim. This provision, included in an Interim Final Rule (IFR) titled “Securing the Border” that went into effect immediately on June 5th, eradicates a key requirement for immigration officers to ask people arriving in the Uni
Insurance Journal
AUGUST 8, 2024
The family of renowned French diver and Titanic expert Paul-Henri Nargeolet is seeking $50 million after he was killed in the implosion of OceanGate’s Titan submersible last year.
Zywave
AUGUST 8, 2024
The cyber industry continues to grow exponentially with global cybercrime losses predicted to reach $10.5 trillion annually by 2025. This means the door is wide open for innovation and for industry professionals to make an impact, and when it comes to recognizing the best and brightest making bold moves in cyber, Zywave’s Cyber Risk Awards takes the crown.
Insurance Journal
AUGUST 8, 2024
IMA Financial Group, a large brokerage specializing in wealth management and risk advice, is moving into the Florida commercial property insurance market with the acquisition of Wallace Welch & Willingham Inc. WW&W, based in the St.
LexisNexis
AUGUST 8, 2024
Federal Register / Vol. 89, No. 153 / Thursday, August 8, 2024 "On September 1, 2017, all U.S. passports were declared invalid for travel to, in, or through the Democratic People’s Republic of Korea (DPRK), unless specially validated for such travel. The restriction was extended for one year in 2018, 2019, 2020, 2021, 2022, and 2023 and, if not renewed, the restriction is set to expire on August 31, 2024.
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