Fri.Sep 20, 2024

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Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best

Insurance Journal

The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in the face of underwriting volatility and severe weather-related activity, according to an AM Best report.

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Public Adjusters Should Not Violate Referral Fee Statutes and Regulations: The Pending Case Involving Scott Favre

Property Insurance Coverage Law

Being a lawyer, I am subject to numerous rules and ethical regulations regarding our contracts and referral fees. In many states, public adjusters also have restrictions regarding how they may solicit cases and if they can pay referral fees. For example, Florida has the following statute prohibiting referral fees to those who are not licensed … The post Public Adjusters Should Not Violate Referral Fee Statutes and Regulations: The Pending Case Involving Scott Favre appeared first on Proper

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Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe

Insurance Journal

Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only serving to heighten environmental risks by forcing some vessels out of mainstream trading.

Risk 289
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How Much Is Condo Insurance

Simply Insurance

Discover the factors that influence condo insurance costs, average pricing, and tips for finding the best coverage for your needs. Protect your investment with the right policy!

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Man Arrested for Damaging a Statue Outside a St. Louis Cathedral

Insurance Journal

ST. LOUIS (AP) — A man used construction equipment to drop a heavy boom lift onto a sculpture that has stood for 25 years outside St. Louis’ Cathedral Basilica, badly damaging it, police said.

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How Much Is Drone Insurance

Simply Insurance

Discover the costs associated with drone insurance, including factors that influence pricing, coverage options, and tips for finding the best policy to protect your investment.

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How Much Is Airplane Renters Insurance

Simply Insurance

Discover the costs associated with airplane renters insurance, including factors that influence pricing, coverage options, and tips for finding the best policy to protect your aviation investment.

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GM to Recall Over 449,000 Pickup Trucks, SUVs

Insurance Journal

General Motors is recalling 449,671 pickup trucks and SUVs in the U.S. due to inoperative low brake fluid warning, the U.S. National Highway Traffic Safety Administration said on Friday.

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WORKERS COMPENSATION INSURANCE IN NJ

Boyle Agency Insurance

Workers Compensation Insurance – Essential For Business Owners And Employees Workers Compensation Insurance is required for businesses with more than one employee. If you own a business that has a work environment that’s a bit insecure, make sure you have a Workers Compensation Insurance policy in place. Learn about Workers Compensation Insurance in NJ by talking to a Bogle Agency Insurance Agent.

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Human Remains Found in Vehicle Involved in Texas Pipeline Fire

Insurance Journal

Deer Park, Texas, police confirmed that human remains were recovered from a vehicle that crashed into a natural gas liquids pipeline Monday, triggering a fire that continues to burn.

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Deadly flood losses mount as insurers and governments tally costs

Elmore

Brussels’ pledge of up to €10bn following European floods comes as insurers face estimated €3bn in claims The post Deadly flood losses mount as insurers and governments tally costs appeared first on Elmore Insurance Brokers.

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Extreme Weather Adds to Fiscal Strains in Central Europe

Insurance Journal

Just a week ago, before deadly floods swept through central Europe, the Czech Republic looked on track to become the first country in the region since COVID-19 to pull its budget deficit firmly below the 3% of GDP cap set …

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How Much Is Homeowners Insurance

Simply Insurance

Discover the factors that influence the cost of homeowners insurance, average pricing across different states, and tips to find the best coverage for your needs. Get informed to protect your home and finances effectively.

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Registration for Louisiana Fortify Homes Program Grants Closes on September 20

Insurance Journal

Registration for the next round of Louisiana Fortify Homes Program (LFHP) grants is currently underway and will close at 5 p.m. on Friday, September 20, the Louisiana Department of Insurance announced. The registration period opened at 8 a.m.

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Medicare Annual Enrollment Period: What Seniors Need to Know for 2025

P&L Financial Services

Medicare’s Annual Enrollment Period is one of the most important times of the year for seniors. This period, from October 15 to December 7, allows retirees to review their Medicare plans and make changes that suit their needs. During the Medicare Annual Enrollment Period , you can switch between Medicare Advantage, Medicare Supplement, and Prescription Drug Plans.

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Hackers Demand $6M for Files Stolen From Seattle Airport Operator in Cyberattack

Insurance Journal

Hackers are demanding $6 million in bitcoin from the operator of the Seattle-Tacoma International Airport for documents they stole during a cyberattack last month and posted on the dark web this week, an airport official said.

Damage 264
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Understanding Liability Insurance for UK Tradespeople and Contractors

Protect Commercial Insurance

Introduction to Liability Insurance for UK Tradespeople and Contractors If you’re a tradesperson or contractor in the UK, navigating the world of liability insurance can seem a bit daunting. Yet, it’s essential to protect your hard-earned business from the unexpected. Whether you’re fitting kitchens or fixing roofs, liability insurance provides a safety net.

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Insurers End ‘Cats’ Fight

Insurance Journal

Two insurers have settled their dispute over coverage for an employee of the touring company for the musical “Cats” who was seriously injured on the set at a Providence theater in 2019.

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How Much Is Aircraft Owners Insurance

Simply Insurance

Discover the factors that influence the cost of aircraft owners insurance, including coverage options, aircraft type, and pilot experience. Learn how to find the best policy for your needs and budget.

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E&S Vet Miller and Team Launch MGA Pivix

Insurance Journal

Former Scottsdale Insurance President Mike Miller will now serve as president and CEO of excess & surplus managing general agency Pivix Specialty Insurance Services. Based in Scottsdale, Arizona, Pivix is an E&S platform offering property/casualty coverages for targeted segments.

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How Much Is Aircraft Insurance

Simply Insurance

Discover the factors that influence aircraft insurance costs, including aircraft type, usage, and coverage options. Learn how to find the best rates and ensure your investment is protected.

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Wefox Appoints Former Allianz Executive Mueller as CEO to End Shareholder Fight

Insurance Journal

Wefox Holding AG appointed former Allianz manager Joachim Mueller as chief executive officer, ending a boardroom battle that pit the insurance tech startup’s founders against some of its shareholders.

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How Much Is Pet Insurance

Simply Insurance

Discover the costs associated with pet insurance, including factors that influence premiums, coverage options, and tips for finding the best policy for your furry friend.

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Holmes Murphy Opens New Office in Lincoln, Nebraska

Insurance Journal

Holmes Murphy announced the opening of a new office in Lincoln, Nebraska with a focus on client growth, talent attraction and increased opportunity for innovation.

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Blog Post: Venezuelan Migrants Sue for Release from Immigration Jail

LexisNexis

Center for Constitutional Rights, Sept. 16, 2024 "Las Americas Immigrant Advocacy Center, the American Civil Liberties Union of New Mexico, and the Center for Constitutional Rights submitted a petition for a writ of habeas corpus to the federal district court of New Mexico on Friday on behalf of four Venezuelan migrants who face indefinite detention in ICE custody at the Otero Processing Center in Chaparral, New Mexico.

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Kentucky Sheriff Charged With Shooting of Judge Inside Courthouse

Insurance Journal

A Kentucky judge is dead and the county sheriff is in jail, charged with shooting the judge multiple times Thursday inside the courthouse.

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Keeping Emergency Responders Safe: NIOSH Efforts Since 9/11

CDC: Workers Compensation

On September 11, 2001, nearly 3,000 people lost their lives and thousands were injured during the events that occurred at the World Trade Center (WTC) in New York City, New York, the Pentagon in Arlington, Virginia, and the plane crash in Shanksville, Pennsylvania. It’s estimated that more than 400,000 people were exposed to harmful contaminants, risks of traumatic injury, and physically and emotionally stressful conditions in the following days, weeks, months, and years.[1] These included emerg

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People Moves: HDI Global Taps SCOR’s Ahn as HK Branch CEO; Amwins Global Risks Promotes Abraham as CEO, Succeeding Mathis, Who Returns to US

Insurance Journal

This edition of International People Moves details appointments at HDI Global and Amwins Global Risks. A summary of these new hires follows here.

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Blog Post: BIA on CIMT: Matter of Thakker

LexisNexis

Matter of Thakker, 28 I&N Dec. 843 (BIA 2024) (1) The assumption in Matter of Jurado that a retail theft offense involves an intent to permanently deprive a victim of their property is inconsistent with the categorical approach as currently articulated by the Supreme Court. Matter of Jurado, 24 I&N Dec. 29 (BIA 2006), aff’d sub. nom. Jurado-Delgado v.

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Pennsylvania AG Launches Website for Reporting Data Breaches as Required by Law

Insurance Journal

Pennsylvania Attorney General Michelle Henry announced the launch of an online portal for companies and other entities reporting data breaches.

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Term Life Insurance Rates By Age

Simply Insurance

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Study Finds Levels of Hydrogen Sulfide ‘Off the Scales’ in Central Texas

Insurance Journal

The first readings Abigail Edgar took of hydrogen sulfide and methane at oilfields in Caldwell County in 2021 were so high that she thought her equipment was malfunctioning. “It was off the scales.

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Blog Post: USCIS Reaches H-2B Cap for First Half of Fiscal Year 2025

LexisNexis

USCIS, Sept. 19, 2024 "We have received enough petitions to reach the congressionally mandated cap on H-2B visas for temporary nonagricultural workers for the first half of fiscal year 2025. Sept. 18 was the final receipt date for new cap-subject H-2B worker petitions requesting an employment start date before April 1, 2025. We will reject new cap-subject H-2B petitions we receive after Sept. 18 that request an employment start date before April 1, 2025.

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Blog Post: What's New in Practical Guidance - August 2024 Updates

LexisNexis

It's an exciting month here at Practical Guidance, with a host of new resources and updates across multiple practice areas. Let's dive into the highlights: Bankruptcy New Trackers and Updates New DIP Financing Interest Rate Tracker - identifies the interest rates for DIP financing credit agreements that were filed with the SEC since January 2023.