Thu.Mar 27, 2025

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State Farm Wins Dismissal of Homeowners’ Class Action Over Use of Xactimate Software

Insurance Journal

A federal judge has dismissed a proposed class action filed on behalf of Pennsylvania homeowners who believe that State Farm undervalued their property damage claims in its use of the Xactimate software that is popular with insurers.

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Trust, And Verify: Ensuring Your Insurance Coverage

Shield Insurance Agency

In today’s fast-paced world, we often rely on others to handle essential tasks, and insurance is no exception. Trusting your insurance agent is crucial, as they play a vital role in protecting your assets. However, verifying that the necessary steps have been taken to secure your coverage is equally important. Let’s delve into why this “trust, and verify” approach is essential.

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State Farm Insurance Agents Can Now Offer Personal Loans

Insurance Journal

In the latest expansion of the alliance between State Farm and U.S. Bank, State Farm customers can apply for U.S. Bank personal loans for up to $50,000 working directly with their insurance agent.

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Are Insurance Price Increases a Tipping Point for Gen X and Boomers?

Majesco

Jackie is 53, and she owns two cars. Her first car is a small SUV her daily driver. Her second is a convertible, her fun car that she only drives on weekends from late spring through early fall when the weather is optimal. She puts 2,500 miles per year on the convertible. When she recently realized that her premiums for both vehicles were nearly identical (and they had both gone up), she called her insurance agent.

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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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Fla. House Subcommittees Vote to Repeal PIP Law, Pass Two Other Insurance Bills

Insurance Journal

The Florida House subcommittee on insurance advanced two hotly debated bills Thursday, one supported by insurance agents but another that was opposed by agents and carriers alike.

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California Agency Issues Guidelines for Healthcare Providers Affected by LA Wildfires

Insurance Journal

The California Department of Managed Health Care issued an all-plan letter designed to provide flexibility for health plans to assist healthcare providers impacted by the Los Angeles wildfires.

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5 Reasons You Need Distinguished Hotel Umbrella Insurance

Distinguished

Distinguished’s Hotel Umbrella Insurance program offers high-limit protection tailored to the unique needs of hotel properties. With coverage extending to over 20% of the nation’s hotel rooms, Distinguished brings unmatched expertise and stability your clients can rely on. Check out the video below to discover 5 reasons you need Distinguished Hotel Umbrella Insurance.

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Miami Insurance Broker Sentenced to 3.5 Years in Condo Premium Finance Scheme

Insurance Journal

A federal judge on Wednesday sentenced a Miami insurance broker to 41 months in prison and more than $5 million in restitution for defrauding a Georgia credit union by obtaining loans for condominium associations’ premium financing, then using the loans …

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Local SEO Checklist: Boost Your Business Visibility

Tosten Marketing

Local search engine optimization is a game-changer for businesses aiming to dominate their local market. At Tosten Marketing, we’ve seen firsthand how a well-executed local SEO strategy can skyrocket a company’s visibility and customer base. This comprehensive local search engine optimization checklist will guide you through the essential steps to boost your business’s online presence.

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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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Eight Corvettes Stolen from Kentucky Plant But Found Later, Some with Minor Damage

Insurance Journal

LOUISVILLE, Ky. (AP) Thieves took eight Corvettes from the lot of a Kentucky automobile plant where the legendary muscle car is built, but officers recovered the vehicles and made an arrest, police said.

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Why Cowbell’s New MDR Endorsement Is a Game-Changer for Cyber Insurance

Cowbell

R ecent reports show the average global cost of a data breach has reached $4.88m, a 10% increase over last year and the highest total ever. Tech giants such as Microsoft say their clients now face 600 million attacks daily from cybercriminals and nation-state threat actors. In response, Cowbell introduced its Managed Detection and Response (MDR) endorsement, intended to reward policyholders who are taking a proactive approach by making investments in fortifying their infrastructure and implement

Cyber 52
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Trucking Firm Operator Who Lied About Safety History to Regulator Is Sentenced

Insurance Journal

The operator of an interstate trucking company who was convicted by a federal jury of making false statements to federal regulators about the company’s safety rating has been sentenced to 45 months in prison.

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Cowbell RX Re-Launches Expanded Vendor List, Updated Discounts, New Solutions and Services

Cowbell

Were thrilled to announce the re-launch of Cowbell Rx , our exclusive cybersecurity marketplace that provides Cowbell policyholders with vetted cyber products and services at discounted rates. As part of this enhanced rollout, Cowbell Rx now features: A carefully curated selection of top-tier cybersecurity providers, ensuring policyholders have access to trusted, high-quality solutions tailored to their specific needs.

Cyber 52
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AM Best Revises Outlooks to Stable for Members of ISMIE

Insurance Journal

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of ISMIE Mutual Insurance Company and ISMIE Indemnity Company (collectively known as …

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Blog Post: Buying Tips For Legal Contract Lifecycle Management Software

LexisNexis

Legal operations professionals keep tabs on software needs in the law department, often running audits to determine which software is obsolete and which needs to be purchased. In this article, we look at buying tips for legal contract lifecycle management software, define legal contract lifecycle management (CLM), and pose several tips on purchasing legal contract lifecycle management software for the legal and legal operations teams.

Risk 52
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Texas Lt. Gov. Threatens Overtime Session to Force THC Ban

Insurance Journal

Lt. Gov.

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Modernize Your Insurance Agency: Investing in Technology

Agency Revolution

Modernizing your insurance agencyeasier said than done. Investing in technology is the driving force of modernizing your business, and technology, like anything, is important to start small and grow, improve, and adapt over time. Its important to think of technology as a marathon, not a sprint. (Im an avid runner myself, so this is coming from experience.

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A Look at Some Numbers Behind Delaware’s Law for Corporations

Insurance Journal

Delaware is poised to give corporate officers more protections in its courts against shareholder lawsuits after criticism by billionaire Elon Musk and other influential business titans that rattled top public officials in what they call the corporate capital of the …

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Democracy in Action! Trump Bikers Rev Up Against High Insurance Premiums

Property Insurance Coverage Law

This morning, outside the Tallahassee Capitol, I witnessed democracy on two wheelsa rumbling, leather-clad, flag-waving brigade of over 150 Trump-supporting bikers protesting their sky-high insurance premiums.And let me tell you, their message wasnt just loudit was exhaust-pipe loud. Yesterday afternoon, I had the chance to chat with some of these democracy in action road warriors. … The post Democracy in Action!

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Family of Ironworker Who Died on Job Awarded $12 Million

Insurance Journal

A Pennsylvania cement company has agreed to pay $12 million to the family of an ironworker who fell to his death while attempting to set up a temporary catwalk at the company’s plant in Stockertown.

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Nashville Group Gearing Up for Major League Baseball Stadium

Insurance Journal

NASHVILLE, Tenn. (AP) Music City Baseball is teaming with a property company in hopes of buying land that could one day serve as the home of a Major League Baseball team.

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Measles Count Grows as Outbreak Spreads to Kansas

Insurance Journal

The measles outbreaks in West Texas and New Mexico have surpassed a combined 370 cases, and two unvaccinated people have died from measles-related causes.

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Pinnacol Assurance Giving $15M Dividend to Colorado Businesses

Insurance Journal

Pinnacol Assurance announced its 2025 general dividend will return roughly $15 million to more than 47,000 workers’ compensation insurance policyholders across Colorado. Th dividend marks the 10th consecutive year Pinnacol has returned dividends to Colorado businesses.

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Massachusetts Probes Robinhood Again, This Time Over March Madness Betting

Insurance Journal

REUTERS EXCLUSIVE Massachusetts’ top securities regulator has begun an investigation into trading platform Robinhood’s decision to launch a prediction-markets hub that allows users to bet on the outcomes of a range of events, including March Madness college basketball tournaments.

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West Texas Lawmakers Want to Divert Oil and Gas Taxes to Address Oil Patch Repairs

Insurance Journal

The fracking boom that resuscitated the Texas oil fields has also beaten up the infrastructure in the Permian Basin, the state’s biggest oil and gas drilling region. More heavy trucks drove through small towns, tearing up roads.

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Missouri DCI to Send Consumer Specialists to Jefferson and St. Louis Counties

Insurance Journal

Consumer specialists with the Missouri Department of Commerce and Insurance (DCI) will participate in Multi-Agency Resource Centers (MARC) to answer insurance questions and help those impacted by the severe storms in Jefferson and St. Louis Counties.

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ING Becomes First Globally Important Bank to Meet Climate Watchdog Standards

Insurance Journal

ING has become the first systemically important global bank to have its climate goals validated as being in line with efforts to limit global warming to 1.5 degrees Celsius, the body responsible for awarding the standard said on Wednesday.

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AI Company Anthropic Wins Early Round in Music Publishers’ Copyright Case

Insurance Journal

Artificial intelligence company Anthropic convinced a California federal judge on Tuesday to reject a preliminary bid to block it from using lyrics owned by Universal Music Group and other music publishers to train its AI-powered chatbot Claude. U.S.

Liability 148
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Hannover Re Renews Cloud Outage Catastrophe Bond, Structured by Parametrix

Insurance Journal

Hannover Re has renewed a cyber catastrophe bond that provides $20 million worth of retrocessional protection against the accumulation of losses caused by a sustained cloud-outage event during 2025-2026.

Cyber 240
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Western Officials Say Russia Is Behind Campaign of Sabotage Across Europe

Insurance Journal

Western officials have accused Russia and its proxies of staging dozens of attacks and other incidents across Europe since the invasion of Ukraine three years ago, according to data collected by The Associated Press.

Cyber 223
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Sompo Granted Licenses to Write Primary Insurance in Belgium and the Netherlands

Insurance Journal

Sompo, the global property and casualty re/insurer, announced it has been granted licenses by the regulatory authorities to write primary insurance in Belgium and the Netherlands.

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People Moves: Everest Re Taps Haines From Carpenter as Global Head of Engineering; MGA Aqueous Promotes Dorrell to New Role as Head of P/C

Insurance Journal

This edition of International People Moves details appointments at Everest Re and the MGA Aqueous Underwriting. A summary of these new hires follows here.