Mon.Aug 05, 2024

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Containment Increased on Massive Wildfire, 640 Structures Destroyed

Insurance Journal

Firefighters have increased containment on the 627-square-mile Park Fire near Chico, California, which is now 34% contained. The fire, now the fourth largest wildfire in history, is 401,740 acres. It was 24% contained on Friday.

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What Insurance Do I Need for My Steel Products Manufacturing Facility?

Central Insurance

Explore essential insurance solutions tailored for steel product manufacturers that safeguard against unique industry risks and challenges. The post What Insurance Do I Need for My Steel Products Manufacturing Facility? appeared first on Central Insurance Blog.

Insurance 130
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CarShield to Pay $10M Settlement Over Deceptive Advertising Charges

Insurance Journal

CarShield will pay $10 million to settle charges that its advertisements and telemarketing for its extended auto warranty plans are deceptive and misleading, the Federal Trade Commission said.

Claim 306
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How To Develop An Effective Client Onboarding Process

Final Expense Brokerage

Aug 4, 2024 1:23:42 PM Contact Us Share: Discover how to maximize client onboarding for lasting relationships. In the insurance industry, first impressions are crucial. A well-structured client onboarding process not only sets the stage for a strong client-agent relationship but also instills confidence in your clients' decision to choose you. Let’s dive into the steps of an effective onboarding process that ensures your clients feel welcomed, informed, and assured right from the start.

Policy 130
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Georgia Woman Charged with Insurance Fraud After Claimed Injuries

Insurance Journal

A woman in north Georgia has been charged with insurance fraud after she claimed that a “personal care device” caused injuries that cost as much as $350,000 to treat.

Injury 298
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Why Are Policyholders So Frequently Underinsured in the Event of a Total Loss? What Can Fix the Underinsurance Problem?

Property Insurance Coverage Law

Kenneth S. Klein is a Professor of Law at California Western School of Law in San Diego. In recent years, Professor Klein’s research has focused on how issues of available, adequate, and affordable homeowner insurance are exposed and exacerbated by natural disasters and what can be done to address these problems. Professor Klein’s research has … The post Why Are Policyholders So Frequently Underinsured in the Event of a Total Loss?

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Travelers: Costliest Claims Driven by Most Common Workplace Accidents

Insurance Journal

Analysis of 1.2 million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. The data also shows first-year employees are still among those most vulnerable to injury.

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CrowdStrike Rejects Delta Air Lines Claims Over Flight Woes

Insurance Journal

CrowdStrike on Sunday rejected a claim by Delta Air Lines that it should be blamed for flight disruptions following a July 19 global outage sparked by a faulty update, and suggested it had minimal potential liability.

Claim 290
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GasLog Partners readies LNG carrier sale and leaseback deal

Splash: Finance and Insurance

GasLog Partners is set to strike a sale and leaseback deal for one of its tri-fuel diesel-electric (TFDE) LNG carriers. The Peter Livanos-controlled company said in its second-quarter earnings release, it had been pursuing an agreement for an unnamed vessel, without disclosing further details.

Insured 81
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Push for Flood Mitigation Draws Concerns Over Impact in Mississippi and Louisiana

Insurance Journal

JACKSON, Miss. (AP) — Flooding left squishy, stinky messes in hundreds of homes in Mississippi’s capital city in 2020 — a recurring problem when heavy rains push the Pearl River over its banks. The U.S.

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Rare Toy Insurance: A Guide for Collectors and Brokers 

Distinguished

One of the largest purchasers of toys today is adults. This growing segment of toy buyers doesn’t just have the passion, they also have the budget to fill their collections with rare, antique, and highly sought-after toys that cross fandoms and toy types.  However, if your clients have been lucky enough to come across a rare Illustrator Pikachu Card ( worth over $550,000 ) or a vintage Boba Fett toy ( worth over $500,000 ), they’re going to need an insurance policy that properly covers them.

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Deputy ID’d in Florida Shooting That Killed One, Injured 2 Other Officers

Insurance Journal

Authorities have released the name of a Florida sheriff’s deputy killed in what officials called an ambush shooting that wounded two other deputies as they tried to reach him after all responded to a disturbance in a home.

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What to Do After Driving Through Salt Water

McMahon Insurance Agency

Salt water can wreak havoc on your car if not dealt with properly, Check out this article for top tips on limiting damages to your vehicle today.

Damage 52
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Transit Driver Disabled Due to Overheated Cab Can Keep His $11.6 Million Award

Insurance Journal

A New Jersey Transit driver who suffered career-ending injuries from overheating after he was ordered to operate a train even though his cab’s temperature was 114 degrees can keep his $11.6 million jury award.

Injury 279
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Travel Insurance Coverage for Hurricanes

Travel Insurance Services

Peak travel season happens to coincide with peak hurricane season. If you'll be traveling to (or from) a destination that may be prone to hurricanes, here's what you need to know about insurance coverage.

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Tulsa Commission to Study Reparations for 1921 Race Massacre Victims and Descendants

Insurance Journal

OKLAHOMA CITY (AP) — Tulsa officials announced the creation of a new commission to recommend how reparations can be made for a 1921 massacre that destroyed a thriving Black community in the city.

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Twickenham to be renamed Allianz Stadium after sponsorship deal with German insurer

Elmore

Agreement will bolster the English rugby union, which relies on the stadium to generate income The post Twickenham to be renamed Allianz Stadium after sponsorship deal with German insurer appeared first on Elmore Insurance Brokers.

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A Gas Carrier Faking Its Location Helps Russia Avoid Sanctions

Insurance Journal

A liquefied natural gas tanker that’s docked at a sanctioned Russian gas facility has no known insurer, is managed by a little-known Indian company and is pretending to be somewhere else. Samir Madani, co-founder of TankerTrackers.

Insured 278
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Get Your LTC Insurance Rates Today!

Simply Insurance

Get your ltc insurance rates today with no hassle. Get a quote from a licensed agent for the best rates.

License 40
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Justice Deptartment Launches Whistleblower Program Aimed at Corporate Crime

Insurance Journal

The U.S. Justice Department on Aug. 1 debuted its first-ever whistleblower program offering monetary awards to tipsters who report certain types of corporate misconduct, an effort designed to ratchet up the pressure on companies who face allegations of wrongdoing.

Crime 278
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Fed Policymakers Signal Rate Cuts Ahead, But Not Recession

Insurance Journal

U.S. central bank policymakers pushed back on Monday against the notion that weaker-than-expected July jobs data means the economy is in recessionary freefall, but also warned that the Federal Reserve will need to cut rates to avoid such an outcome.

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Drunk Driver Who Killed 4 Crashing Into Nail Salon Was Going 78 mph, Say Prosecutors

Insurance Journal

The drunk driver who killed four people and injured nine more when he crashed his SUV into a Long Island nail salon was driving 78 mph (125 kph) at the time of the crash, prosecutors said Thursday as the driver …

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Pennsylvania Supreme Court to Review Stabbing Death Ruled Homicide Then Suicide

Insurance Journal

The Pennsylvania Supreme Court has agreed to hear an appeal from the family of a Philadelphia woman whose 2011 stabbing death was initially ruled a homicide before the medical examiner switched it to suicide after police objected.

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Berkshire Halves Apple Stake, Boosts Cash to $277 Billion As It Gets ‘Defensive’

Insurance Journal

Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as the conglomerate posted a record quarterly operating profit.

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Authorities Investigating After Worker Killed at Tampa Airport by Falling Equipment

Insurance Journal

A worker who was fatally injured at Tampa International Airport last week was struck by a piece of heavy equipment that fell from a track, according to news reports.

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People Moves: QBE Promotes Desch as German General Mgr; Trium Syndicate Taps TMK’s Metsanvirta as Active U/W; Markel Announces Key Hires for Singapore, HK

Insurance Journal

This edition of International People Moves details appointments at QBE Europe, Trium Syndicate, and Markel in Singapore and Hong Kong. A summary of these new hires follows here.

Cyber 264
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Hurricane Slams Florida After Gaining Fury in Warm Waters

Insurance Journal

Hurricane Debby slammed into Florida southeast of Tallahassee as a Category 1 storm after intensifying over warm waters, the latest evidence that this will be a robust season for tropical cyclones.

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China Asks Large State Financial Institutions to Drop Auditor PwC, Sources Say

Insurance Journal

Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property developer Evergrande, said two sources.

Risk 261
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How Iran Oil Link Could Complicate Insurance Claims After Tankers Collide Off Singapore

Insurance Journal

A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously shipped Iranian oil, potentially complicating payments due to Western sanctions, ship-trackers and industry sources say. What Happened?

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AM Best Places Credit Ratings of Connecticut Attorneys Title Insurance Under Review

Insurance Journal

AM Best reports that it has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Connecticut Attorneys Title Insurance Co. (CATIC) of Essex Junction, Vermont.

Insurance 260
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Empowering Insurance Wholesalers: The Dyad Advantage

Insurance Journal

This post is part of a series sponsored by Dyad. Wholesalers are a bridge between retail agents/brokers and the markets that provide the specialized coverages that retailers need for their most challenging risks.

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Charter Bus Carrying Baseball Team Catches Fire in Iowa; No One Hurt

Insurance Journal

A charter bus caught fire early Friday as it was transporting a professional baseball team from Iowa to a game in a Chicago suburb.

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Texas Carbon Monoxide Poisonings Spike After Hurricane Beryl

Insurance Journal

Texas lawmakers nearly three years ago promised changes to prevent the devastation from a deadly winter storm from happening again.

Damage 273
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Defining Your Risk When Considering a Wrap-Up – Part 1

Insurance Journal

This post is part of a series sponsored by TSIB. A Wrap-Up is an incredible tool that manages the risk presented by a construction project.

Risk 246
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People Moves: Powers Insurance & Risk Management Adds Gaglioti and Hester; GuideOne Insurance Names Sheets SVP and General Counsel

Insurance Journal

Powers Insurance & Risk Management Adds Gaglioti and Hester Powers Insurance & Risk Management, headquartered in St. Louis, hired Brittany Gaglioti as a commercial account manager and Contina Hester as a personal lines marketer.

Risk 278
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People Moves: BenefitMall Names Bishop Sales Executive in California; Woodruff Sawyer Adds Modesto Team; Davis Joins Alliant as SVP

Insurance Journal

BenefitMall Appoints Bishop Benefits Sales Executive for Southern California BenefitMall hired Crystal Bishop as a benefits sales executive for Southern California. Bishop has more than 20 years of experience in the insurance industry.

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3 Plead Guilty to Insurance Fraud After Washington Insurance Commissioner Investigations

Insurance Journal

Three suspects pleaded guilty to insurance fraud in May and June after investigations by Washington Insurance Commissioner Mike Kreidler’s Criminal Investigations Unit.

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