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.
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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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.
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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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.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
MARCH 10, 2025
Bayer has told U.S. lawmakers it could stop selling Roundup weedkiller unless they can strengthen legal protection against product liability litigation, according to a financial analyst and a person close to the matter.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
Insurance Journal
MARCH 10, 2025
Ashley Powers joined Alliant Insurance Services as senior vice president within its employee benefits group. She is based in Alliant’s headquarters in Irvine, California. Powers has more than 13 years of experience in the benefits industry.
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.
Insurance Journal
MARCH 10, 2025
NASHVILLE, Tenn.
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.
Insurance Journal
MARCH 10, 2025
Eight people were injured over the weekened when a driver plowed a vehicle into a CarMax location in the Los Angeles area.
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.
Insurance Journal
MARCH 10, 2025
A federal judge has awarded nearly $2 million in damages as part of a civil lawsuit after concluding an FBI agent was negligent when he fatally shot a kidnapped Texas man during a botched rescue attempt in 2018.
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.
Insurance Journal
MARCH 10, 2025
The cockpit voice recorder was not working on a medical transport plane that killed seven people when it plummeted into a Philadelphia neighborhood in January and likely had not been functioning for several years, the National Transportation Safety Board said …
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 New Legal Director at Swedish Club appeared first on Insurance Marine News.
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