Sun.Oct 20, 2024

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Making Friends with the Future: Agency Tech Moving at a Faster Pace than Ever Before

Insurance Journal

By Andrea Wells That used to be one of my biggest beefs as an agency owner — I have all of these pieces of tech and none of them talked to each other,” Vonda Copeland, co-owner and vice president of …

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Church Mutual Prevails in Latest Hurricane Laura Bad Faith Case: Key Differences and Lessons Learned

Property Insurance Coverage Law

The Fifth Circuit Court of Appeals recently ruled in favor of Church Mutual Insurance Company in a Hurricane Laura claim brought by First United Pentecostal Church.1 This decision contrasts with some prior rulings against Church Mutual in a similar bad faith case noted in yesterday’s post, Church Mutual’s Claims Practices Under Scrutiny: Lessons from the … The post Church Mutual Prevails in Latest Hurricane Laura Bad Faith Case: Key Differences and Lessons Learned appeared first on Propert

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The Impact of 2 Storms and Claims Advice From a Second-Generation Insurance Agent

Insurance Journal

As if it were yesterday, I vividly remember going to my first catastrophic fire loss with my dad at the young age of nine. It was a house fire in Sarasota involving a resident falling asleep with a lit cigarette.

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Diversification is vital in navigating the volatile waters of maritime investment

Splash: Finance and Insurance

Atef Abou Merhi, managing director of Pelagic Partners, has some ship investment advice for Splash readers. When it comes to financial investment, the maritime industry represents an exciting, diverse and fast transitioning market – and one full of opportunity.

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Equipment Breakdown Tops Small Restaurant Claims List

Insurance Journal

By Allen Laman With restaurant sales projected to top $1 trillion and reach record-breaking heights this year, a California-based insurance technology company versed in the space recently analyzed data from more than 30,000 small business restaurant owners across the U.S.

Claim 244
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New Dubai firm is managing Russian LNG Ships

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New Dubai firm is managing Russian LNG Ships appeared first on Insurance Marine News.

Marine 52
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Update: What’s Going on With Condos?

Insurance Journal

The condominium building is an interesting form of owning property where an individual owns their unit, what is sometimes referred to as a box of air, and at the same time, becomes a part of the condominium ownership association, which …

Building 242

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CMR Leaders Show and Get Employee Appreciation

Insurance Journal

By Don Jergler It’s often easy to put a finger on exactly why someone likes their job, and if there’s more than one thing to like, that says something good about the workplace.

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Cargo ship captain in sanctions-busting charge in France has been acquitted

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cargo ship captain in sanctions-busting charge in France has been acquitted appeared first on Insurance Marine News.

Marine 52
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Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal

Insurance Journal

By L.S. Howard Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7 — its best interim results in 17 years — does this mean the hard market cycle is ending?

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NZDF works to recover three loose shipping containers off Samoa

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post NZDF works to recover three loose shipping containers off Samoa appeared first on Insurance Marine News.

Marine 52
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Employee Development, Community Are Key at G&G

Insurance Journal

By Allen Laman G&G Independent Insurance has cracked the code. For the fifth straight year, G&G has been named a finalist in Insurance Journal’s Best Agencies to Work For competition.

Insurer 230
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Greek dockworkers block loading of Israeli-linked munitions container

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Greek dockworkers block loading of Israeli-linked munitions container appeared first on Insurance Marine News.

Marine 52
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Biggest Agency Needs

Insurance Journal

There are three things that Tony Martinez, chief information officer, at Unison Risk Advisors sees as the biggest needs in agency technology today overall. Some of these are outwardly facing and some are more operation and internal in nature.

Risk 227
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Yemen’s Houthis say they targeted ship in Arabian sea with drones

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Yemen’s Houthis say they targeted ship in Arabian sea with drones appeared first on Insurance Marine News.

Marine 52
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The Future of Digital Insurance Operations with SelectsysTech’s Cloud-Based RQB Platform

Insurance Journal

This post is part of a series sponsored by Selectsys. The insurance industry is undergoing a digital transformation, with companies increasingly adopting cloud-based solutions to enhance their operations.

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UK sanctions on Russia hit older ships linked to Dubai and flags of Gabon, Cook Islands and Honduras

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post UK sanctions on Russia hit older ships linked to Dubai and flags of Gabon, Cook Islands and Honduras appeared first on Insurance Marine News.

Marine 52
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Commoditization and Storytelling

Insurance Journal

Last year, I addressed the issue of insurance policy commoditization in the context of industry advertising in at least four of my monthly columns. Over the years, I’ve blogged about it several times.

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UK adopts new sanctions strategy of observing English Channel and other near shore waters for Russian ship activity

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post UK adopts new sanctions strategy of observing English Channel and other near shore waters for Russian ship activity appeared first on Insurance Marine News.

Marine 52
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Western Digital owes $315.7 million for infringing data security patent, US jury says

Insurance Journal

Data storage provider Western Digital must pay $315.7 million in damages for violating a patent owner’s rights in data security technology, a jury in California federal court said on Friday.

Damage 222
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Ukraine asks IMO to monitor Odesa ports

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ukraine asks IMO to monitor Odesa ports appeared first on Insurance Marine News.

Marine 52
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People & Places

Insurance Journal

National Todd Jackson, owner and partner of McGowan Insurance Group, has been named chairman of the Independent Insurance Agents & Brokers of America (the Big “I”).

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OFAC announces more Iranian sanctions

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post OFAC announces more Iranian sanctions appeared first on Insurance Marine News.

Marine 52
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Why Homeowners Insurers Are Unprofitable and What to Do About It: Aon

Insurance Journal

A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers receiving significant rate increases in 2023/2024.

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Navigating Social Inflation in a World of Complex Claims

Insurance Journal

As social inflation continues to exert pressure on the insurance industry, this is not only a financial issue, but one with far-reaching impacts on insurers, beneficiaries and society at large.

Claim 214
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Supreme Court to Decide if White, Straight Workers Face Higher Bar in Bias Lawsuits

Insurance Journal

By Daniel Wiessner The U.S. Supreme Court agreed in early October to decide whether it should be more difficult for workers from “majority backgrounds,” such as white or heterosexual people, to prove workplace discrimination claims.

Claim 211
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Walmart Reaches Settlement in Shareholder Lawsuits Over Handling of Opioids

Insurance Journal

Walmart said Friday it has reached a proposed settlement pact related to three lawsuits filed by shareholders on behalf of the company over the handling of prescription opioids.

Liability 200
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Point: The Game-Changing Impact of Florida’s New Rule on Public Adjusters

Insurance Journal

The issuance of Florida’s Emergency Rule 69BER24-4, in response to hurricanes like Milton, represents a significant shift in regulating public adjusters and their activities.

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‘Employees Are the Heart of This Company’ at Ansay and Associates

Insurance Journal

By Jahna Jacobson For over 75 years, Ansay and Associates has invested in its future by investing in its people.

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ESG’s Appeal Fades in Emerging Markets as Profit Seeking Eclipses Virtue

Insurance Journal

Sustainable investments in emerging markets are facing a reckoning as environmental, social and governance strategies crumble under the weight of ongoing capital outflows and the appeal of higher-yielding energy bonds.

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Might the Realtor Ruling Affect Insurance Distribution?

Insurance Journal

The fairly recent ruling on how realtors are paid seems likely to dramatically alter real estate sales.

Insurer 238
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Lloyd’s Focuses on Delegated Authority Arrangements as Looming Market Risk

Insurance Journal

By L.S. Howard While the Lloyd’s market reported its best first-half profit in 17 years, it isn’t resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified.

Risk 173
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Court Orders Start to Expose ‘Startling’ Data on Litigation Funding Sources

Insurance Journal

By Chad Hemenway There is no federal law that requires the disclosure of litigation funding agreements in court cases, but some disturbing insight has been found in individual jurisdictions that have rules to increase transparency, according a panel on the …

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Counterpoint: New Florida Rule Not Aimed Only at Public Adjusters

Insurance Journal

We are disappointed but unsurprised that an insurance industry lobbyist would mischaracterize an emergency order meant to stop insurance abuses as a “rule on public adjusters.” As Insurance Journal itself made clear in an Oct.

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OSHA: Waterproofing Contractor’s Safety Failures Led to Worker’s Crushing Death

Insurance Journal

A federal workplace safety investigation has found the operator of three Massachusetts waterproofing contracting companies could have prevented an employee from suffering fatal injuries in February 2024 when part of a foundation broke and fell on the worker in a …

Injury 147
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California’s Cost of Treating Injured Workers 10% Below Other States in Study

Insurance Journal

Workers’ compensation medical payments per claim in California were 10% below the median state of a 17-state study sample for claims with experience through March 2023, a study from the Workers Compensation Research Institute shows.

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Boston Subway Car That Derailed Was Going 36 mph in 10 mph Zone

Insurance Journal

A subway train that derailed near Boston earlier this month had entered a 10-mph zone traveling at 36 mph, according to an initial report from the National Transportation Safety Board released Wednesday.

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