Insurance Journal

JANUARY 16, 2025

Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss in GDP between 2070 and 2090.

Policy 288

Policy Risk 288

Property Insurance Coverage Law

JANUARY 16, 2025

I lost an entire appraisal debate in the first few minutes against Good ole Steve Badger. Simply knocked out. Badger got up early in the morning and read yesterdays post,Participate In Your DemocracyEven If You Are Called a Bazooka. He must be taking some type of mind-enhancing drug because his creativity has never been keener. … The post Badger Bazookas Merlin!

Property Insurance 197

Property Insurance Insured Insurer Insurance 197

Insurance Journal

JANUARY 16, 2025

Bayer AG’s Monsanto unit stopped making toxic PCBs a half century ago, but the legal fallout lingers even as many of the building materials made with the chemicals are no longer used in US homes, schools and factories.

Building 278

Building 278

Splash: Finance and Insurance

JANUARY 16, 2025

UAE-based asset management and investment banking firm Shuaa Capital has secured a financial boost for its marine offshore support vessel (OSV) segment.

Marine 75

Marine Insurance Insurer Insured 75

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 Claim

Insurance Journal

JANUARY 16, 2025

There has been some question about whether California’s insurer of last resort the FAIR Plan has enough cash on hand to pay for its share of wildfire claims.

Claim 264

Claim Deductible Insured Insurer 264

Insurance Journal

JANUARY 16, 2025

I watched as the skies over my home in Los Angeles turned an apocalyptic orange on January 7, 2025, as wildfires raged across the state.

Insurance 263

Insurance Insurer Insured 263

LexisNexis

JANUARY 16, 2025

The past year was filled with exciting breakthroughs of products built with new generative artificial intelligence (Gen AI) technology, but it also ushered in a peculiar new regulatory skirmish that in-house counsel would be wise to monitor in 2025. The first warning shots were fired back in March, when the Securities and Exchange Commission announced settled charges against two investment advisory companies for making false and misleading statements about their purported use of AI.

Risk 59

Risk Claim Protection Liability 59

Insurance Journal

JANUARY 16, 2025

The Eaton Fire in central Los Angeles County poses a potential credit risk to power provider Southern California Edison, which operates electrical lines in the area where the destructive blaze first started, Moody’s Ratings said in a report on Thursday.

Risk 258

Risk Liability Insurance Insurer 258

InsuredMine

JANUARY 16, 2025

Using a CRM effectively can help your insurance agency operate more efficiently and make informed decisions. By focusing on key metrics such as sales performance and taking a positive customer feedback, you can gain valuable insights into your agency’s effectiveness. By using some of CRM features, you can simplify your agencys processes which can drive to better results.

Insurance Agent 52

Insurance Agent Insurance Agents Agents Policy 52

Insurance Journal

JANUARY 16, 2025

FBI leaders have warned that they believe hackers who broke into AT&T Inc.

Agents 258

Agents Protection Cyber 258

Elmore

JANUARY 16, 2025

Firms intended to backstop frontline insurers raised rates and increased recovery thresholds after losses on prior blazes The post Reinsurers little exposed to LA fires after retreat from disaster risks appeared first on Elmore Insurance Brokers.

Risk 52

Risk Insurance Broker Broker Insured 52

Insurance Journal

JANUARY 16, 2025

While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025.

Cyber 246

Cyber Risk Insurance Carrier Insured 246

Elmore

JANUARY 16, 2025

Fifty-fifty joint venture would bring together 2 of the biggest European investment groups The post Natixis and Generali poised to announce asset management tie-up appeared first on Elmore Insurance Brokers.

Insurance Broker 52

Insurance Broker Broker Insured Insurer 52

Insurance Journal

JANUARY 16, 2025

This past year, 2024, was the warmest ever measured for the global ocean, following a record-breaking 2023. In fact, every decade since 1984, when satellite recordkeeping of ocean temperatures started, has been warmer than the previous one.

246

246

LexisNexis

JANUARY 16, 2025

The haves and have-nots will always feel the difference when the topic is e-billing solutions in corporate legal operations. This digital transformation in managing outside counsel billing and invoicing provides critical efficiencies for the law department. Those without e-billing solutions will likely suffer through manual review and processing of vendor payments.

Protection 52

Protection 52

Insurance Journal

JANUARY 16, 2025

LOUISVILLE, Ky. (AP) Spirits giant Brown-Forman Corp. said Tuesday it’s reducing its global workforce by about 12% and closing its hometown barrel-making plant in Louisville.

Workers Compensation 246

Workers Compensation Property Damage Damage Compensation 246

Property Insurance Centre

JANUARY 16, 2025

Understanding Commercial Flood Insurance in the United Kingdom Flooding has become an increasingly significant risk for businesses across the United Kingdom as climate change intensifies weather extremes. From the catastrophic floods in Carlisle in 2005 to the more recent deluge in London in 2021, businesses in flood-prone areas have faced disruption, financial losses, and complex insurance claims.

Commercial 52

Commercial Commercial Property Insured Insurer 52

Insurance Journal

JANUARY 16, 2025

A blast of extreme cold is poised to descend on the central US this weekend before spreading to New York and the rest of the East Coast, testing power grids and threatening to break temperature records.

245

245

Elmore

JANUARY 16, 2025

Basel-based FSB says damage caused by floods, droughts and fires threatens broader pullback in lending The post Top financial watchdog warns climate change set to trigger market panics appeared first on Elmore Insurance Brokers.

Insurance Broker 52

Insurance Broker Damage Broker Insured 52

Insurance Journal

JANUARY 16, 2025

The family of former Leicester soccer club owner Vichai Srivaddhanaprabha has filed the largest fatal accident claim in English history after the Thai billionaire died in a helicopter crash in 2018, representatives said Friday [Jan. 10].

Claim 244

Claim Liability 244

LexisNexis

JANUARY 16, 2025

Nwauzor v. The GEO Group, Inc. "In 2017, a class of detainees and Washington State each sued GEO in federal court for violations of Washingtons Minimum Wage Act (MWA). The district court consolidated the actions. A jury awarded $17,287,063.05 in back pay damages to the detainee class. After a bench trial, the court awarded $5,950,340.00 in unjust enrichment to Washington State and enjoined GEO from employing detainees without paying Washingtons minimum wage.

Damage 45

Damage 45

Insurance Journal

JANUARY 16, 2025

A Farmington Hills, Michigan Little Caesars restaurant employed minors in violation of federal child labor regulations by assigning them to operating dangerous equipment such as dough mixers and ovens and allowing three 15-year-olds to work past 7 p.m.

243

243

LexisNexis

JANUARY 16, 2025

By: Tiffany Lloyd , Product Manager The days of lawyers toiling away in law libraries overnight, furiously researching case law and drafting documents in the office, have been replaced by the freedom to work from anywhere. The incorporation of mobile applications into legal workflows has revolutionized the way that lawyers work, offering a degree of flexibility and efficiency that previous generations of hard-charging attorneys could have never imagined.

40

40

Insurance Journal

JANUARY 16, 2025

Holmes Murphy announced its expansion into a second location in the Des Moines metro area. The company officially signed a lease for space in the Arcadia building located at 7000 Vista Drive in West Des Moines.

Building 243

Building 243

LexisNexis

JANUARY 16, 2025

This document is scheduled to be published in the Federal Register on 01/17/2025 "The United States supports the human rights and fundamental freedoms of the residents of Hong Kong. The People's Republic of China (PRC) has continued to significantly erode those rights and freedoms. I am therefore directing an extension and expansion of the deferral of removal of certain Hong Kong residents, regardless of country of birth, who are present in the United States.

49

49

Insurance Journal

JANUARY 16, 2025

Bigglestone Appointed Acting Commissioner of Vermont Department of Financial Regulation Vermont Governor Phil Scott named Sandy Bigglestone as acting commissioner of the state’s Department of Financial Regulation (DFR). Bigglestone most recently served as deputy commissioner of the captive insurance division.

Insured 243

Insured Insurer Insurance 243

LexisNexis

JANUARY 16, 2025

In December 2024, Practical Guidance introduced a range of new content and updates across various legal practice areas, enhancing the resources available to legal professionals. This month's updates span Bankruptcy, Business Entities, Civil Litigation, Construction, Employee Benefits, Federal Government, Labor & Employment, Real Estate, Tax, and Trusts & Estates.

Commercial 40

Commercial 40

Insurance Journal

JANUARY 16, 2025

The Yarmouth town council voted unanimously this month to remove two town-owned dams on the Royal River and consider fish passage improvements at a stretch of rapids in between them, a historic vote more than two decades in the making.

Insured 243

Insured Insurer Insurance 243

LexisNexis

JANUARY 16, 2025

Nicole Narea, Vox, Jan. 16, 2025 "One of the first bills that could be sent to President Donald Trump after he is inaugurated Monday would vastly expand immigration detention and make it easier for states to influence immigration policy. And it has already passed one house of Congress with support from a significant number of Democrats. The federal government will never have enough money or manpower to deport every undocumented noncitizen, said Stephen Yale-Loehr , an immigration law profes

Policy 45

Policy 45

Insurance Journal

JANUARY 16, 2025

The dry, dangerous winds that have kept fire-scarred Los Angeles on edge for days are finally forecast to end but a lack of rain and another round of winds forecast next week has officials worried.

Damage 242

Damage Insurance Insurer Insured 242

LexisNexis

JANUARY 16, 2025

Alan Lee, Jan. 16, 2025 "USCISs second part of the H-1B proposed regulations, Modernizing H-1B Requirements, Providing Flexibility in the F-1 Program, and Program Improvements Affecting Other Nonimmigrant Workers, finalized on December 18, 2025, [link] goes into effect on January 17, 2025, three days before President-elect Donald Trumps inauguration.

40

40

Insurance Journal

JANUARY 16, 2025

Litigation under the False Claims Act generated more than $2.9 billion in settlement and judgments the last fiscal year, according to the U.S. Department of Justice. According to data released Jan.

Claim 240

Claim 240

Insurance Journal

JANUARY 16, 2025

A Massachusetts man who sued his ex-girlfriend over her sharing an unflattering nude photo of him and accessing his personal online accounts without permission has had his $10,280 court award upheld.

Damage 237

Damage Liability 237