Property Insurance Coverage Law

MARCH 10, 2025

Fraud allegations in insurance disputes are serious business. When an insurer claims a policyholder intentionally misrepresented facts, its essentially saying, “You lied, and we dont have to pay.” After insurers make that argument, they often state, If we are wrong about the fraud arguments, the most we owe is actual cash value because you did … The post Insurers Fraud and Valuation Arguments Fall Flat: Court Sends Key Issues to the Jury appeared first on Property Insurance Cov

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Policyholder Property Insurance Insurance Claim Claim 189

Insurance Journal

MARCH 10, 2025

Citigroup Inc. was fined 500,000 Swiss francs ($568,000) by Switzerland’s stock exchange regulator for failures after a London staffer’s fat-finger trade caused a flash crash in European stocks in 2022.

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Liability 136

Property Insurance Coverage Law

MARCH 10, 2025

Fraud allegations in insurance disputes are serious business. When an insurer claims a policyholder intentionally misrepresented facts, its essentially saying, “You lied, and we dont have to pay.” After insurers make that argument, they often state, If we are wrong about the fraud arguments, the most we owe is actual cash value because you did … The post Insurers Fraud and Valuation Arguments Fall Flat: Court Sends Key Issues to the Jury appeared first on Property Insurance Cov

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Policyholder Property Insurance Insurance Claim Claim 100

Insurance Journal

MARCH 10, 2025

Arthur J. Gallagher & Co. announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers Inc., dba Philinsure, following a minority investment in the business. Terms of the transaction were not disclosed.

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Insurance Broker Broker Commercial Insurer 136

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.

Splash: Finance and Insurance

MARCH 10, 2025

Greeces Performance Shipping has secured financing for its third newbuilding in China through another sale and leaseback deal.

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Insurer Insured Insurance 99

AMAXX

MARCH 10, 2025

Mass layoffs or company closures can trigger a significant increase in workers’ compensation claimssome legitimate, others potentially unsubstantiated. Proper layoff planning isn’t just about handling employment transitions; it’s crucial for controlling claims costs and ensuring that resources are available to support genuinely injured workers.

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Workers Comp Claim Workers Compensation Injury 59

Insurance Journal

MARCH 10, 2025

A new law in South Dakota prohibiting the use of eminent domain to acquire land for carbon capture pipelines raises questions about the viability of a proposed 2,500 mile (4,023-kilometer) project snaking through five Midwest states.

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AMAXX

MARCH 10, 2025

In the first part of our series, we emphasized the importance of thoughtful layoff planning to mitigate the risk of increased workers’ compensation claims following a workforce reduction or facility closure. Continuing this essential discussion, we’ll explore additional strategies your company can implement to further safeguard your financial stability and support your employees through transitions. 1.

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Workers Comp Claim Workers Compensation Injury 59

Insurance Journal

MARCH 10, 2025

Five years ago, Melanie Richburg used a roll of duct tape, a HEPA filter and a portable fan to draw contaminated air out of a hospital room where patients were tested for the coronavirus.

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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

Claim

Distinguished

MARCH 10, 2025

Museums require specialized protection against various risks. They are the custodians of priceless cultural, historical, and artistic treasures. While adding these items to a property or package policy might seem convenient, museums face unique exposures that such generalized policies often fail to address. A stand-alone Fine Art & Collectibles insurance policy is designed to provide museums with comprehensive coverage of the items and their vulnerabilities.

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Policy Deductible Damage Claim 52

Insurance Journal

MARCH 10, 2025

U.S. commercial insurance rates showed a continued upward trend with signs of moderation in the fourth quarter of 2024, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate price increase of 5.

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Commercial Commercial Insurance Insurer Insurance 227

Relation

MARCH 10, 2025

Did you know that 75% of small businesses are underinsured? Many business owners believe they have adequate coverageuntil an unexpected claim arises. Whether it’s a lawsuit, property damage, or an unforeseen disruption, the lack of sufficient insurance can lead to devastating financial consequences. Underinsurance can happen for many reasons, from underestimating risks, to failing to […] The post Is Your Business Underinsured?

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Property Damage Damage Claim Risk 52

Insurance Journal

MARCH 10, 2025

Adds background on case in paragraphs 3-13 By Nate Raymond March 10 (Reuters) – The U.S.

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Zywave

MARCH 10, 2025

Transformation in a Competitive Insurance Market The corporate and specialty insurance market is undergoing rapid economic shifts, driven by digitalization and emerging risks. These changes present both challenges and opportunities that businesses must understand to navigate successfully. In a recent conversation with Zywave, Jim Clark, CEO of HDI US, shared how the company plans to address todays biggest insurance market challenges and thrive.

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Risk Insurer Insurance Insured 52

Insurance Journal

MARCH 10, 2025

Consumers lost more than $12.5 billion to fraud in 2024, which represents a 25% increase over the prior year, according to newly released Federal Trade Commission data.

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Insurance Marine News

MARCH 10, 2025

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Argentina customs intensify ship inspections appeared first on Insurance Marine News.

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Marine Insurer Insurance Insured 85

Insurance Journal

MARCH 10, 2025

AM Best has assigned Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of “a-” (Excellent) to Previsor Insurance Company (Centennial, Colo., MEM Protect Insurance Company, MEM Shield Insurance Company and MEM Secure Insurance Company.

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Insurance Companies Protection Insurer Insurance 207

Insurance Marine News

MARCH 10, 2025

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Container ship crashes into products tanker at anchor of English east coast appeared first on Insurance Marine News.

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Marine Insurer Insurance Insured 71

Insurance Journal

MARCH 10, 2025

French households, businesses and local authorities will face soaring costs for insurance if the country fails to adapt to a changing climate, the government said Monday.

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Insurer Insurance Insured 204

Insurance Marine News

MARCH 10, 2025

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post TT Club highlights dangers of fire to mobile port equipment appeared first on Insurance Marine News.

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Marine Insurer Insurance Insured 66

Insurance Journal

MARCH 10, 2025

Florida’s Citizens Property Insurance Corp. is planning to move its Jacksonville office, due in part to security concerns at its current downtown location where more than 800 employees have worked for the last 10 years.

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Property Insurance Insurer Insurance Insured 199

Insurance Marine News

MARCH 10, 2025

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Sanctioned tanker struck by containership off Trkiye appeared first on Insurance Marine News.

Marine 66

Marine Insurer Insurance Insured 66

Insurance Journal

MARCH 10, 2025

Brazilian state-run insurance firm Caixa Seguridade said late on Sunday it had filed for a follow-on share offering that will comprise a secondary sale of stock owned by controller Caixa Economica Federal.

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Insurer Insurance Insured 182

Insurance Marine News

MARCH 10, 2025

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Lloyds reports increased GWP for full-year 2024 appeared first on Insurance Marine News.

Marine 66

Marine Insurer Insurance Insured 66

Insurance Journal

MARCH 10, 2025

Arthur J. Gallagher & Co. reported that it has received a second request for information from federal officials relating to its proposed $13.45 billion acquisition of AssuredPartners, Inc.

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Insurance Marine News

MARCH 10, 2025

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 11th March 2025 appeared first on Insurance Marine News.

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Marine Insurer Insurance Insured 52

Insurance Journal

MARCH 10, 2025

World Insurance Associates LLC reports it acquired the business of Archambault Insurance Associates of Putnam, Connecticut in December. Terms of the transaction were not disclosed. Archambault was founded in 1928 by Joseph A. Archambault.

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Insurer Insurance Insured 154

Insurance Marine News

MARCH 10, 2025

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Seajewel investigation: Suspicion of external attacks causes increasing concern appeared first on Insurance Marine News.

Marine 52

Marine Insurer Insurance Insured 52

Insurance Journal

MARCH 10, 2025

Nirvana Insurance Secures $80M for Trucking Insurance AI Nirvana Insurance, an AI-driven commercial trucking insurer, announced an $80 million Series C funding round, valuing the company at nearly $850 million.

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Insurance Carrier Commercial Insurer Insurance 143

Insurance Marine News

MARCH 10, 2025

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post What impact will US/Canada/Mexico oil tariffs have on shipping? appeared first on Insurance Marine News.

Marine 52

Marine Insurer Insurance Insured 52

Insurance Journal

MARCH 10, 2025

Ex-Tropical Cyclone Alfred weakened to a tropical low and was still lingering off the coast of Brisbane on Saturday afternoon, sparing Australia’s third-biggest city from any major damage.

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Damage 143

Insurance Marine News

MARCH 10, 2025

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post USCG faces infrastructure crisis, a legacy of a decades underspending appeared first on Insurance Marine News.

Marine 52

Marine Insurer Insurance Insured 52