Insurance Journal
FEBRUARY 27, 2025
Tennessee-based Selectsys, an insurtech specializing in business process outsourcing for insurers, has acquired Expert Insured, an artificial intelligence-led insurance management system for wholesalers, carriers and managing general agents. Terms were not disclosed.
Property Insurance Coverage Law
FEBRUARY 27, 2025
State Farm met with California Insurance Commissioner Lara yesterday about an emergency meeting regarding its rates following the Los Angeles wildfires. Meanwhile, State Farm has been busy suppressing the methods it uses to adjust water loss claims in Tong v. State Farm General Insurance Company. This case continues to shed light on State Farms handling … The post State Farms Water Protocol appeared first on Property Insurance Coverage Law Blog.
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Insurance Journal
FEBRUARY 27, 2025
This edition of International People Moves details appointments at Beazley and BMS Re. A summary of these new hires follows here.
Majesco
FEBRUARY 27, 2025
When the InsurTech experiment began a decade ago, it took some time for insurers, investors, and the industry to sort it all out. What was the perceived value of a particular technology? Was it a ‘whizbangy’ feature or a meaningful paradigm changer? Was its value directly tied to a business case? What would be its long-term competitive impact once the dust had settled and everyone was using it?
Advertiser: Trellis
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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Insurance Journal
FEBRUARY 27, 2025
A Florida appeals court has re-affirmed a major state Supreme Court decision, helping to answer lingering questions about whether the 2022 bad-faith litigation reform law can be applied retroactively.
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Insurance Journal
FEBRUARY 27, 2025
A Missouri woman pleaded guilty Tuesday to a federal charge accusing her of concocting a brazen plot to defraud Elvis Presley’s family by trying to auction off his Graceland mansion and property before a judge halted the mysterious foreclosure sale.
Tosten Marketing
FEBRUARY 27, 2025
Water damage can wreak havoc on commercial properties, leading to costly repairs and business disruptions. At Tosten Marketing, we often hear from business owners wondering about their insurance coverage for such incidents. Commercial property insurance water damage coverage is a complex topic with many nuances. This blog post will explore what types of water damage are typically covered, common exclusions, and additional coverage options to consider for comprehensive protection.
Insurance Journal
FEBRUARY 27, 2025
Past the terracotta canyons and sloping hills in the Texas Panhandle is a colorful, small town center.
LexisNexis
FEBRUARY 27, 2025
Software-as-a-Service (SaaS) is a cloud-based service where instead of downloading software on your desktop PC or business network to run and update, you instead access an application via an internet browser. Legal Software as a Service applications could be anything from law department software, like an enterprise legal management platform, to unified communications among a wide range of business apps that are available.
Advertiser: Trellis
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
Insurance Journal
FEBRUARY 27, 2025
Reinsurance company Swiss Re said on Thursday that claims from wildfires in Los Angeles would be less than $700 million and would impact its first quarter results, the latest European reinsurer to disclose a hit from the January blaze.
PSM Brokerage
FEBRUARY 27, 2025
The Birthday Rule is gaining traction across the country, allowing Medicare Supplement policyholders to switch plans without medical underwriting around their birthday each year. Unlike Medicare Advantage, which offers an annual enrollment period under federal regulations, Medicare Supplement plans are state-regulated, meaning there is no nationwide equivalent for annual plan changes.
Insurance Journal
FEBRUARY 27, 2025
While Western wildfires have dominated disaster news for decades, new analysis using artificial intelligence shows millions of homes across the countryeven in the swampy Southeastare at risk for wildfires. New data analysis from ZestyAI found that $2.
PSM Brokerage
FEBRUARY 27, 2025
As an insurance agent, you know that protecting a clients income is just as important as protecting their health, home, or life. Yet, many Americans dont realize the financial risks of losing their paycheck due to illness or injury. T hats where Disability Income (DI) Insurance comes inand why having a polished, turnkey presentation can help you educate clients and close more sales.
Insurance Journal
FEBRUARY 27, 2025
A leading insurance executive said the best way to keep price increases in check for property insurance in regions exposed to climate change is to mitigate the impact of natural disasters.
PSM Brokerage
FEBRUARY 27, 2025
In February 2025, the U.S. Department of Health and Human Services (HHS) announced a 90% reduction in ACA Navigator funding , cutting the budget from $100 million to $10 million for the upcoming year. This is the largest funding cut the program has ever faced, significantly impacting consumer outreach, education, and enrollment assistance. Navigator programs were established under the ACA to provide fair and impartial assistance to individuals enrolling in Marketplace plans, Medicaid, and other
Insurance Journal
FEBRUARY 27, 2025
Root Inc. followed up its first ever quarterly net profit in the third quarter with another in the last quarter of 2024, and finished with the first profitable year in the company’s history.
PSM Brokerage
FEBRUARY 27, 2025
While the D-SNP market slowed to just 6% growth in 2024 , C-SNPs (Chronic Condition Special Needs Plans) did the exact opposite surging 61% from December 2023 to December 2024. Thats more than double the 28% growth in 2023 and a massive shift from years of stagnation. Related: Medicare Advantage in 2024: Enrollment Update and Key Trends This boom in C-SNPs is creating a prime opportunity for insurance agents , especially as more carriers enter the space, market dominance shifts, and untapped sta
Insurance Journal
FEBRUARY 27, 2025
A luxury home that had been on the verge of tumbling into Cape Cod Bay due to erosion has been demolished.
Top Insurance Blogs
FEBRUARY 27, 2025
In the world of commercial insurance, proof of coverage is essential for businesses working with clients, vendors, and contractors. The ACORD 25 Certificate of Liability Insurance (COI) is the industry-standard document used to verify insurance coverage. It plays a crucial role in contract compliance, risk management, and business operations. This article provides a comprehensive breakdown […] The post ACORD 25 – The Standard Certificate of Liability Insurance appeared first on My To
Insurance Journal
FEBRUARY 27, 2025
A carpet-cleaning claim and a fake theft of a Hyundai has led to guilty pleas for two people for insurance fraud in Washington.
Insurance Marine News
FEBRUARY 27, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russia increases number of covert cargo transfers appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 27, 2025
HARTFORD, Conn. (AP) Connecticut lawmakers passed emergency legislation this week prohibiting state agencies and municipalities from purchasing or using Chinese and Russian drones while also imposing restrictions on where drones can be operated in the state.
Insurance Marine News
FEBRUARY 27, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Research vessel reported as sunk in Black Sea near Novorossiysk appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 27, 2025
Reforms in 2024 to Illinois’ Biometric Information Privacy Act may have slowed the frequency and severity of litigation, but there remain significant consequences for violation of the law. Insurance Journal was able to ask expert Jason M.
Insurance Marine News
FEBRUARY 27, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US and Russia consider cooperating on Arctic shipping and exploration appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 27, 2025
A working paper from the U.S. Congressional Budget Office recently estimated the distribution of changes in gross domestic product in the year 2100 resulting from changes in temperature.
Insurance Marine News
FEBRUARY 27, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US tariffs on Canada and Mexico set to be postponed, again appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 27, 2025
British insurer Aviva beat annual profit expectations on double-digit growth in its general insurance premiums in 2024, and said its planned 3.7 billion pound ($4.69 billion) acquisition of smaller rival Direct Line was on track.
Insurance Marine News
FEBRUARY 27, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Live cattle exports to recommence from Argentina after 50-year hiatus appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 27, 2025
Tesla Inc. is seeking approval to offer ride-hailing services in California, a key step by Elon Musk’s company to begin carrying paying customers while its traditional car-selling business falters.
Insurance Marine News
FEBRUARY 27, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Containers fell overboard because of incorrect weight data: NTSB appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 27, 2025
Templar Specialty announced that it is now expanding its executive and professional liability insurance offerings to include excess and A-side Directors & Officers coverage to public companies.
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