Fri.Nov 01, 2024

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Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best

Insurance Journal

AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 – a five-year high that was driven mainly by favorable investment income and strong underwriting performance.

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Are Home Insurance Consumers Being Duped?

Property Insurance Coverage Law

Note: This guest blog is by Frank Lombard, CPCU, ARM, an independent property/casualty insurance advisor. Not a day passes without reading something about double-digit increases in the cost of home insurance. The insurance industry claims the increases are a result of inflation, climate change, and consumers filing more claims. While to some extent that may … The post Are Home Insurance Consumers Being Duped?

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Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels

Insurance Journal

Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it.

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GRATEFUL FOR THE INFLUENCE OF OTHERS

Rough Notes

Texas agency owner appreciative of those who helped shape his journey By Christopher W. Cook In the insurance industry, certain dedicated young professionals stand out among their peers and are members of an elite squad of individuals. These are their stories. “Dun dun.

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Bain-Backed Motor Insurer Esure Draws Interest from Aviva, Allianz

Insurance Journal

Aviva Plc and Allianz SE are among potential bidders for Britain’s home and motor insurance firm Esure Group Plc, according to people familiar with the matter.

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HELPING YOUR CLIENTS UNDERSTAND HAIL

Rough Notes

A guide for agents and brokers on the peril, its impact, mitigation steps and response By Thomas Brocksmith As natural catastrophes go, hail probably isn’t at the top of the list of perils that keep most people up at night.

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Blog Post: Experts: If Musk Worked Illegally and Lied About It, Then.

LexisNexis

Tim Marchman, Wired, Oct. 31, 2024 "Elon Musk could have his United States citizenship revoked and be exposed to criminal prosecution if he lied to the government as part of the immigration process, according to legal experts. Stephen Yale-Loehr , a professor at Cornell Law School and faculty director of its Immigration Law and Policy Program, says that it’s not clear that if Musk worked in the US without authorization and attested he hadn’t, that would be considered important enough to den

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KBRA Says Florida Insurers Will Weather the Storms; Cat Fund Can Handle Payouts

Insurance Journal

Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’ losses in Hurricanes Helene and Milton. But that won’t trigger a surcharge on premiums.

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Cybersecurity in Focus: Lessons from National Cybersecurity Awareness Month

Cowbell

October was National Cybersecurity Awareness Month (NCSAM), a time dedicated to raising awareness about the importance of cybersecurity in every facet of our lives, from personal data protection to safeguarding businesses of all sizes. Established in 2004 by the U.S. Department of Homeland Security and the National Cyber Security Alliance, NCSAM promotes best practices and provides resources to help individuals and businesses stay protected in an increasingly digital world.

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Judge Dismisses Lawsuit Against Minnesota Trooper in Fatal Shooting of Black Man

Insurance Journal

A federal judge has dismissed a civil rights lawsuit against a white Minnesota state trooper who shot and killed a Black man during a traffic stop last year, ruling that the trooper’s actions did not violate the law.

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A NOD OF GRATITUDE

Rough Notes

With Veterans Day observing its 70th anniversary, two insurance professionals share their military experiences By Christopher W. Cook Seventy years ago, in 1954, President Dwight Eisenhower signed a bill presented by U.S. Representative Ed Rees (Kansas) making Veterans Day, formerly known as Armistice Day, a federal holiday.

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Markets/Coverages: IQUW Launches Financial Institutions Product in Australia

Insurance Journal

IQUW, the London-based property and specialty re/insurer, has announced that its financial institutions (FI) product, FortiFI, has launched new wording for the Australian insurance market.

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GO INDEPENDENT AND YOU’LL BE THERE FOR LIFE

Rough Notes

“By keeping our customers focused on what they are buying and why, we create a relationship that is based on service, communication, and choice.” —Cyrus Jaffery Founder and CEO Family agency in Omaha becomes personal lines powerhouse in just five years By Dennis H.

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Data Centers Will Have to Make Minimum Power Payments in Ohio

Insurance Journal

Big data centers in Ohio will have to pay a minimum of 85% of the energy they need to cover the costs of grid improvements under a settlement submitted Wednesday by one of the state’s largest utilities.

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Shipowners’ Club buys Lloyd’s MGA Waterborne

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Shipowners’ Club buys Lloyd’s MGA Waterborne appeared first on Insurance Marine News.

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Ryan Specialty in Discussions to Acquire UK’s Innovisk Capital Partners

Insurance Journal

Ryan Specialty, the Chicago-based specialty insurance services firm, announced it is in final discussions to acquire Innovisk Capital Partners from Abry Partners and BHMS Investments LP.

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50+ Can’t Miss Holiday Ideas to Celebrate With Your Employees

Word & Brown

Updated for 2024 The holiday season is the perfect time to show appreciation for your employees’ hard work and dedication. Creating a festive atmosphere through thoughtful celebrations can boost morale and foster a sense of unity. From office holiday party ideas to creative decorating tips and meaningful gifts, there are countless ways to bring holiday cheer to the workplace.

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Ardonagh Advisory Agrees to Acquire Rowett Insurance Broking in UK

Insurance Journal

Ardonagh Advisory announced it has agreed to acquire Rowett Insurance Broking Ltd. in the UK. Rowett specializes in commercial, and personal insurance from its offices in St. Austell and Plymouth, England. Its subsidiary company, AGRi Insurance Facilities Ltd.

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What to Do After a Car Accident: A Step-by-Step Guide

TGS

TGS Insurance » Blog What to Do After a Car Accident: A Step-by-Step Guide Accidents happen when you least expect them. One minute you’re cruising along, and the next, you’re jolted into a confusing and stressful situation. For many drivers, the immediate aftermath of a car accident is filled with uncertainty. What are you supposed to do? Who should you call?

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Texas Assisted Living Facility Fined for Firing Nurse With Sleep Disorder

Insurance Journal

VibraLife of Katy, LLC, a rehabilitation and assisted living facility in Katy, Texas, will pay $80,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) disability discrimination and retaliation lawsuit, the federal agency announced today.

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Landlord Insurance vs. Standard Home Insurance: Key Differences

Protect Commercial Insurance

Introduction When it comes to protecting your property, the type of insurance you choose can make a big difference. Whether you’re a landlord with several rental properties or a homeowner looking to safeguard your family home, understanding your insurance needs is essential. In this blog, we’ll explore the key differences between landlord insurance and standard home insurance.

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Regional Banks With Florida Operations Brace for Loan Defaults After Hurricanes

Insurance Journal

Several regional lenders allocated loan-loss provisions in the third quarter to cover potential defaults by borrowers grappling with recent hurricanes, primarily in Florida, highlighting the risks extreme weather and climate change pose to banks.

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INSURING NONPROFITS AND SOCIAL SERVICES

Rough Notes

Property exposures add to the usual liability challenges By Joseph S. Harrington, CPCU Are we in a mental health crisis if we think we are in a mental crisis? Is it “all in our heads”?

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Delta-8 Hemp and Texas Medical Marijuana Industries to Face Off in Upcoming Legislative Session

Insurance Journal

Jack Stinnett got life-changing news in 2020 when he learned the lump that appeared on the side of his neck was tongue and mouth cancer.

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PROTECTING YOUR ORGANIZATION FROM WINTER RISKS

Rough Notes

Recommendations to share with clients to lower their risk profile By Eric Spacek Winter is fraught with risk for your customers. From slips and falls on ice, to vehicle troubles, to the threat of carbon monoxide poisoning, there are myriad reasons why customers may need to submit claims. Many of these potential challenges are preventable.

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Ed Sheeran Beats Copyright Appeal Over ‘Thinking Out Loud’ Song

Insurance Journal

Ed Sheeran, his record label Warner Music WMG.O and music publisher Sony Music Publishing 6758.T persuaded a U.S.

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Choose the Right Life Insurance Beneficiary: What You Need to Know

RiskQuoter

Choosing the right life insurance beneficiary is crucial. Get the information you need to protect your loved ones and avoid common mistakes. The post Choose the Right Life Insurance Beneficiary: What You Need to Know appeared first on RiskQuoter.com.

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Texas Pecan Farmers Fight to Save Water Suply

Insurance Journal

FORT STOCKTON — Zachary Swick plucked a pecan from one of the 78,000 trees at a sprawling West Texas farm — a rare sight in the desert known for oil rigs and pump jacks.

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ADVANCING INSURANCE AUTOMATION

Rough Notes

It takes time to design the perfect forms and content management system for producers. Visionaries say 35 years ought to do it. By Lori Widmer If Amazon Prime, Netflix, and Etsy morphed together into an insurance app, the result would be inchanted.

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Retrial Begins in Civil Suit Against Contractor Accused in Abu Ghraib Prison Scandal

Insurance Journal

A military contractor accused of contributing to the abuse of detainees at Iraq’s Abu Ghraib prison two decades ago is again on trial in a federal courtroom after a long-awaited civil case earlier this year ended with a hung jury.

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Muted interest in offshore wind off US East Coast

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Muted interest in offshore wind off US East Coast appeared first on Insurance Marine News.

Marine 52
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Blog Post: BIA (2-1) on CIMT: Matter of Khan

LexisNexis

Matter of Khan, 28 I&N Dec. 850 (BIA 2024) Interim Decision #4081, Nov. 1, 2024 (1) When the government must prove the elements of a sentencing enhancement beyond a reasonable doubt, those additional elements are combined with the elements of the underlying criminal statute and all the elements are then considered together as one compound crime. (2) The respondent’s compound conviction under section 191.5(b) of the California Penal Code enhanced by section 20001(c) of the California Vehicle

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US shippers are avoiding East Coast ports – fears of second strike

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US shippers are avoiding East Coast ports – fears of second strike appeared first on Insurance Marine News.

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INGESTING DATA AND DELIVERING INSIGHTS

Rough Notes

Customizable data analytics platform built internally by one agency goes public to help others succeed By Christopher W.

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