Mon.Feb 03, 2025

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City of London Hit Harder Than Rest of Economy Since Brexit Vote

Insurance Journal

The City of London, once considered the crown jewel of Britain’s dominant services sector, has performed even worse than the rest of the economy in the years following the Brexit referendum. Financial and insurance output has grown just 2.

Insurance 246
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Does my Landlords Insurance Policy cover terrorism

Prof. Allan Manning

This is the fourth post in a series that looks at the coverage afforded by various types of insurance products. The series was prompted by a large number of requests for clarification following the senseless attacks that are going on predominately in Melbourne and Sydney. These attacks would appear to fall within the definition of terrorism as set out in legislation.

Policy 173
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Amid Clean up From LA Wildfires, Some Residents Furious Over Hazardous Waste

Insurance Journal

Not far from where Ceci Carroll lives, a rock-mining company has polluted the air with dust across the San Gabriel Valley, she said.

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How to Choose the Right Final Expense FMO

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. If youre serious about selling final expense insurance , partnering with the right Final Expense Field Marketing Organization (FMO) is one of the most important decisions youll make. A great FMO provides carrier access, training, marketing support, and business transparency, all of which are crucial for your long-term success.

Agents 130
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Streamline Insurance Claims Management By Analyzing Legal Trends

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

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State Farm Seeking Interim 22% Rate Hike for Homeowners in Wake of LA Wildfires

Insurance Journal

State Farm General said on Monday it is asking the California Department of Insurance to immediately approve interim rate increases, including 22% average for homeowners.

Insurance 237

More Trending

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Near-Misses at Washington Airport Worried Pilots Long Before Fatal Crash

Insurance Journal

U.S. commercial pilot Rick Redfern was preparing to land at Reagan Washington National Airport about a decade ago when he spotted a bright red Coast Guard helicopter hovering about 50 feet (15 m) above the Potomac River.

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Don’t Mistake This Common Mistake When Selling Final Expense

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. One of the most common mistakes I see in the final expense insurance industry is agents trying to diversify too soon, before they have developed real competence in final expense sales. This is one of the quickest ways to stall your progress and ultimately fail.

Agents 130
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Gallagher Bassett Buys London-Headquartered W K Webster & Co.

Insurance Journal

Arthur J. Gallagher & Co. announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired W K Webster & Co Ltd. Terms of the transaction were not disclosed.

Claim 234
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Startup Costs For a Final Expense Agency

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. Final expense sales is a business, and like any business, it requires proper planning, budgeting, and execution. If you dont treat it seriously, you will struggleand someone will be there to say, I told you so. One of the biggest factors in your success is lead investment.

Agents 130
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Texas Stock Exchange Raises $161 Million, Sees 2026 Trading Start

Insurance Journal

TXSE Group Inc., parent company of the proposed Texas Stock Exchange, closed its initial fundraising round at $161 million and said the TXSE has filed for registration as a bourse with the US Securities and Exchange Commission.

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Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim

Property Insurance Coverage Law

Jeff Raizner is one of my favorite colleagues from Texas. He has always welcomed me since I first stepped foot in Texas. We speak deeply about policyholder issues and his heart is always in the right place. We have battled insurance companies, co-counseled on cases, and discussed property insurance case law at a depth most … The post Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim appeared first on Property Insurance Coverage Law Blog.

Damage 113
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Securities Class Actions Increase Again in 2024; AI-Related Filings Double

Insurance Journal

The number of securities class action filings increased for the second consecutive year in 2024, with artificial intelligence (AI)-related filings more than doubling from the previous year, according to a new report released today by Cornerstone Research and the Stanford …

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Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim

Property Insurance Coverage Law

Jeff Raizner is one of my favorite colleagues from Texas. He has always welcomed me since I first stepped foot in Texas. We speak deeply about policyholder issues and his heart is always in the right place. We have battled insurance companies, co-counseled on cases, and discussed property insurance case law at a depth most … The post Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim appeared first on Property Insurance Coverage Law Blog.

Damage 100
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Australia Urges Residents in Northeast to Evacuate on Flood Risk

Insurance Journal

Australian officials urged residents in the northeastern city of Townsville and adjacent areas to evacuate as torrential rains raised the risk of a flood disaster in the area.

Risk 217
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Thoughts On Unethical Claims Adjusters After a Public Question Is Posed on LinkedIn

Property Insurance Coverage Law

Nebraska is famous for many thingsCornhuskers football, Warren Buffett, and now, apparently, unethical insurance adjusters. Who knew? Tristan Miles is a public adjuster in Nebraska. She asked me the following question on LinkedIn: I would love to hear your thoughts on unethical adjusters in Nebraska and solutions for us? My first thought is that the … The post Thoughts On Unethical Claims Adjusters After a Public Question Is Posed on LinkedIn appeared first on Property Insurance Coverage L

Claim 100
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North Carolina Officials Issue Urgent Plea for More Hurricane Recovery Funds

Insurance Journal

North Carolina officials charged with leading recovery efforts in western North Carolina after Hurricane Helene as well as parts of eastern North Carolina still struggling from previous hurricanes told state lawmakers last week that they need more money.

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Thoughts On Unethical Claims Adjusters After a Public Question Is Posed on LinkedIn

Property Insurance Coverage Law

Nebraska is famous for many thingsCornhuskers football, Warren Buffett, and now, apparently, unethical insurance adjusters. Who knew? Tristan Miles is a public adjuster in Nebraska. She asked me the following question on LinkedIn: I would love to hear your thoughts on unethical adjusters in Nebraska and solutions for us? My first thought is that the … The post Thoughts On Unethical Claims Adjusters After a Public Question Is Posed on LinkedIn appeared first on Property Insurance Coverage L

Claim 100
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Minneapolis Pays $600K Settlement in Excessive Force Lawsuit with Ex-Officer Chauvin

Insurance Journal

The city of Minneapolis has agreed to pay $600,000 to settle a lawsuit by a woman who alleged that ex-Officer Derek Chauvin hauled her from her minivan and pinned her to the ground with his knee in January 2020, just …

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Turbocharged Takeaways: Latest Platform Updates (February 2025)

Agency Revolution

In this edition of Turbocharged Takeaways, we’ll give you a tour of the Fastlane Features that were recently released. These are the latest platform updates for Forge and Fuseenjoy! Featured Forge Release Here are the latest Forge release to pay attention to. We’ve changed the way you engage in website blogging, now backed by a powerful AI tool to simplify the process.

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Property-Catastrophe Reinsurance Rates Will Stop Dropping Post-Wildfires: Execs

Insurance Journal

RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfiresand anticipates that industrywide impacts should halt the drop in property-catastrophe reinsurance prices observed at 1/1.

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Blog Post: Judge Gee Extends Flores Settlement 18 Months

LexisNexis

Flores v. McHenry "The Court hereby EXTENDS: (1) the JCMs term by another six months, nunc pro tunc, from December 27, 2024 until June 27, 2025, with the option for further extensions due to lack of substantial compliance and (2) the termination date of the 2022 Settlement by 18 months, from January 29, 2025 until July 29, 2026.

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People Moves: Aspire Names Adams VP of Product

Insurance Journal

Aspire named Isaac Adams vice president of product. Adams most recently served as Aspire’s chief marketing officer. He previously served as vice president of data science at The Hartford.

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Marine round-up : 4th January 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 4th January 2025 appeared first on Insurance Marine News.

Marine 52
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New York Recovers $11 Million in Stolen Cars and Parts, Lost Titles

Insurance Journal

The New York State Department of Motor Vehicles said it helped consumers recover more than $11 million in stolen vehicles, stolen parts, services and lost titles, in 2024.

Theft 182
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Formal inquiry into sinking of ship near Indian port

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Formal inquiry into sinking of ship near Indian port appeared first on Insurance Marine News.

Marine 52
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AI, Cybercrime Perceived as Top Insurance Risks: Kennedys

Insurance Journal

Artificial intelligence, cyberattacks or outages, and extreme weather events are the risks partners at global insurance law firm Kennedys perceive will have the biggest impacts on their markets in the next year, according to a new risk forecast.

Risk 179
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Taiwan blacklists 52 Chinese-owned ships

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Taiwan blacklists 52 Chinese-owned ships appeared first on Insurance Marine News.

Marine 52
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The Hartford Sees Q4 Net Income Rise 11%, Strengthens GL Reserves

Insurance Journal

Net income at The Hartford increased 11% to $848 million in the fourth quarter 2024, driven by premium growth in commercial and personal lines. Net income attributable to shareholders went up 24% for the year to $3.1 billion.

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China, Japan, lead shipowner list (#

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post China, Japan, lead shipowner list (# appeared first on Insurance Marine News.

Marine 52
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Child Killed in Hyperbaric Chamber Explosion at Michigan Medical Facility

Insurance Journal

A pressurized oxygen chamber exploded Friday, killing a 5-year-old patient and injuring his mother at a suburban Detroit medical facility. The hyperbaric chamber explosion occurred about 8 a.m. at the Oxford Center in Troy, north of Detroit.

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Fire reported at Egyptian shipyard

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Fire reported at Egyptian shipyard appeared first on Insurance Marine News.

Marine 52
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Man Charged With Filing $50K in Fraudulent iPhone Insurance Claims

Insurance Journal

A Connecticut man has been arrested and charged with insurance fraud for allegedly running a scam involving filing fraudulent insurance claims for iPhones.

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US Secretary of State Rubio tells Panama to end China’s influence of canal, or face US action

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US Secretary of State Rubio tells Panama to end Chinas influence of canal, or face US action appeared first on Insurance Marine News.

Marine 52