Wed.Mar 19, 2025

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After Florida Report, Georgia Senator Wants Investigation into MGAs, Insurer Profits

Insurance Journal

Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Sen.

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Should We Call It the California Unfair Plan?

Property Insurance Coverage Law

The California FAIR Plan, the insurer of last resort for Californians struggling to find homeowners insurance, might be better renamed the “California Unfair Plan.” While intended to be a safety net, recent investigations and a comprehensive operational assessment 1 paint a troubling picture of an institution plagued by significant inefficiencies, questionable management practices, and poor … The post Should We Call It the California Unfair Plan?

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Florida Bill Would Limit AI in Claims Denials, Extend Bar on Execs, Raise Surplus Levels

Insurance Journal

After years of rising insurance premiums, anger from homeowners, and recent reports about some property insurance carriers’ alleged diverting of profits, bills seen as “consumer friendly” continue to gain traction in the Florida Legislature.

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Should We Call It the California Unfair Plan?

Property Insurance Coverage Law

The California FAIR Plan, the insurer of last resort for Californians struggling to find homeowners insurance, might be better renamed the “California Unfair Plan.” While intended to be a safety net, recent investigations and a comprehensive operational assessment 1 paint a troubling picture of an institution plagued by significant inefficiencies, questionable management practices, and poor … The post Should We Call It the California Unfair Plan?

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Leverage Trellis Court Data To Identify More Investment Opportunities

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.

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Extreme Weather in 2024 Forced Biggest Displacement of People in 16 Years

Insurance Journal

Extreme weather last year including typhoons, heatwaves and flooding led to the biggest displacement of people since 2008, and exacerbated a food crisis in more than a dozen countries, according to a report.

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Finland Ranks World’s Happiest Again With US At Worst-Ever Level

Insurance Journal

Finland’s unbroken streak as the world’s happiest country continued for an eighth year while the US fell to 24th place, its lowest-ever level in the global ranking.

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API 101: Functionality & Benefits for the Insurance Industry

Zywave

In today’s digital age, Application Programming Interfaces (APIs) have become essential tools for businesses across various industries, including insurance. APIs enable seamless integration between different software systems, facilitating efficient data exchange and enhancing operational capabilities. What is an API? An API is a set of rules and protocols that allow different software applications to communicate with each other.

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Odey Banned From UK Finance Services Industry for ‘Lack of Integrity’

Insurance Journal

Crispin Odey was fined 1.8 million ($2.3 million) and banned by the UK’s financial regulator for showing a “reckless disregard” for governance at his former investment fund.

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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk.

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Take the Hassle Out of Claims Management

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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Homeowners Have Post-Loss Responsibilities Too, Florida Appeals Court Says in HCI Win

Insurance Journal

Florida insurers, often on the receiving end of insureds’ complaints in the courts and in the news media may take heart from a new ruling by a Florida appeals court, which draws a bold line under insureds’ responsibilities …

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Blog Post: States Consider Requiring Insurers to Cover Weight Loss Drugs

LexisNexis

On January 1, North Dakota became the first state in the U.S. to cover weight-loss drugs through the Affordable Care Act. The expanded coverage is part of the states first update to its essential health benefit benchmark plan since the ACA was implemented in 2015. The change was made through a regulatory action by the states insurance department, which had been authorized to do so by state lawmakers in 2023.

Insurer 52
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Wikimedia Challenges India Content Takedown, Warns of Chilling Effect on Free Speech

Insurance Journal

The Wikimedia Foundation, which runs Wikipedia, has asked India’s Supreme Court to quash an order directing the online encyclopedia operator to take down a page describing its legal dispute with a domestic news agency.

Insurer 245
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The Rising Threat of Cyber Attacks & Why Cyber Liability Insurance Is Essential for Businesses

Relation

In today’s digital landscape, the threat of cyber attacks has escalated, posing significant risks to businesses of all sizes. A recent example is the Medusa ransomware, which has targeted users of popular email services like Gmail and Outlook, underscoring the urgent need for robust cybersecurity measures and comprehensive cyber liability coverage.

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Pipeline Company’s Lawsuit Against Greenpeace Goes to a North Dakota Jury

Insurance Journal

Greenpeace used malicious and deceptive tactics to disrupt the controversial Dakota Access Pipeline and keep it from going forward, an attorney for the company behind the project said Monday.

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Modernizing Insurance Distribution: Rating APIs as Your Tech Stack Bridge

Zywave

During this 45-minute session, Zywave product experts Scott Martin and Sherrie Clevenger will share how one of our customers successfully utilized Zywaves powerful rating engine, forms, and issuance to connect within their tech stack and distribute within Zywaves personal lines rating ecosystem. Fill out this form to unlock instant access and see how these cutting-edge API and distribution solutions can benefit your organization.

Insurer 52
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People Moves: Alabama DOI Names Boswell Accounting Director

Insurance Journal

The Alabama Department of Insurance has named Nicole Boswell accounting director. Boswell, with the department since 2008, previously was accounting manager of financial operations and assistant financial officer for the department.

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EPA in US withdraws permit from proposed New Jersey offshore wind farm

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post EPA in US withdraws permit from proposed New Jersey offshore wind farm appeared first on Insurance Marine News.

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JD Power: Customers Not Happy With Carrier Property Claims Service

Insurance Journal

Higher premiums and longer wait times make property owners less satisfied with their insurers. These not-very-surprising results from J.D. Power’s 2025 U.S.

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Blog Post: $12B in LA Wildfire Insurer Payouts & State Farm’s 22% Emergency Rate Hike in CA

LexisNexis

Insurer Payouts for LA Wildfires Top $12B California Insurance Commissioner Ricardo Lara (D) announced that insurers have now paid out over $12 billion in claims from the largest of the Los Angeles wildfires. That sum is almost twice the $6.9 billion that insurers had paid out as of February. ( INSURANCE JOURNAL ) CA Insurance Commissioner Set to Approve State Farm Emergency Rate Hike California Insurance Commissioner Ricardo Lara (D) said he will approve State Farms request for an emergency rat

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People Moves: Coalition’s First CTO Virudhagiri Joins From Tesla

Insurance Journal

Coalition, the world’s first active insurance provider designed to prevent digital risk before it strikes, hired Maha Virudhagiri as the company’s first chief technology officer (CTO).

Risk 210
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Somali pirates hijack Yemeni fishing vessel off Puntland coast

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Somali pirates hijack Yemeni fishing vessel off Puntland coast appeared first on Insurance Marine News.

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Swiss Re to Sell Entire 10.05% Stake in Canada’s Definity Financial for C$655 Million

Insurance Journal

Swiss Re is selling its entire 10.05% stake in Definity Financial, the Canadian property/casualty insurer, for C$655 million ($458.1 million) — a decision the reinsurer made after a review of its investment portfolio.

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French dockworkers suspend three-day strike plan from March 18th

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post French dockworkers suspend three-day strike plan from March 18th appeared first on Insurance Marine News.

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CRC Group Acquires Texas’ Risk Transfer Partners

Insurance Journal

CRC Group, an independent wholesale specialty insurance distributor in North America, announced the acquisition of Risk Transfer Partners (RTP), a casualty-focused wholesale brokerage business.

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Some nurdles leaked from containers on board the Solong

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Some nurdles leaked from containers on board the Solong appeared first on Insurance Marine News.

Marine 66
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Detroit Area CBP Director Charged in FEMA Fraud Scheme

Insurance Journal

A federal criminal complaint was unsealed today charging the Director of United States Customs and Border Protection’s (CBP) Center for Excellence and Expertise over Automotive and Aerospace Engineering with engaging in a scheme to defraud the Federal Emergency Management Agency …

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Data Analytics and Retention for Insurance Agents

American Agents Alliance

The link between data analytics and retention is clear. Data-driven decision making can help improve retention rates by helping agents understand policyholder behavior and make adjustments proactively, before customers shop for other options. Learn more about data analytics and retention in this blog. How to Use Data Analytics to Keep Policyholders Engaged Retaining a policyholder long-term leads to recurring revenue and an ongoing referral source.

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$25M for California Worker Safety, Including Support for LA Fire Recovery Workers

Insurance Journal

The California Department of Industrial Relations made available $25 million in funding for the California Workplace Outreach Project to support 89 community-based organizations across the state. This initiative is intended to promote workplace safety and educate workers about their rights.

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Take Control of Your Content: Strategies to Simplify Content Management and Drive Agency Growth

Zywave

Struggling to manage your agencys content? Watch our on-demand webinar to discover how insurance agencies are streamlining content workflows, ensuring compliance, and delivering a seamless client experience. Learn how to: Organize and manage content efficiently. Automate processes to save time and boost productivity. Maintain compliance with industry regulations.

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People Moves: Marsh Promotes Barnes as Global Head of Energy & Power, Herring as Team’s Chair

Insurance Journal

People Moves: Marsh Promotes Barnes as Global Head of Energy & Power, Herring as Team’s Chair Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of Amy Barnes as global head of Energy & Power, effective immediately.

Insurer 136
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The case of the ALION – Hague Rules paramount in relation to time bar provisions

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post The case of the ALION Hague Rules paramount in relation to time bar provisions appeared first on Insurance Marine News.

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Texas Bills Seek to Improve State’s Response to Wildfires

Insurance Journal

A Texas lawmaker is laying the groundwork to create a statewide system that connects all first responders and government agencies to the same network.

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