Tue.Jan 28, 2025

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US Economic Losses From Natural Disasters Soared in 2024

Insurance Journal

Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting another year of costly severe storms, floods and droughts.

Damage 285
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CRO Large Construction Intro: Brian Shaffer 

Central Insurance

Brian Shaffer shares his vision and relationship-driven approach to growing Central's large construction unit. The post CRO Large Construction Intro: Brian Shaffer appeared first on Central Insurance Blog.

Insurance 130
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Mississippi House Bill Puts New Rules on PBMs, But May Do Little for Workers’ Comp

Insurance Journal

A pharmacy benefits manager bill passed by the Mississippi House of Representatives last week may have little impact on drug costs in the state’s workers’ compensation system, even if that is part of the bill’s intent.

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Shadow fleet generates newly popular flags

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Shadow fleet generates newly popular flags appeared first on Insurance Marine News.

Marine 96
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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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Avian Flu Could Shutter Long Island’s Last Duck Farm

Insurance Journal

New York’s Long Island was once synonymous with “duck” in the culinary world. Now it may lose its last commercial farm. The avian flu outbreak that has led to the slaughter of millions of birds at U.S.

More Trending

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German Watchdog Raises Focus on Physical Risks Stemming From Climate Change

Insurance Journal

German watchdog BaFin said the country’s financial industry needs a better grasp of physical risks stemming from climate change because of the increasing impact of events such as floods and droughts.

Risk 250
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Fire on container ship in Red Sea, crew abandon ship; reports

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Fire on container ship in Red Sea, crew abandon ship; reports appeared first on Insurance Marine News.

Marine 89
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Growth of Pet Insurance Continues as Market Could Reach $4.5B

Insurance Journal

Any pet owner who has been hit by sticker shock at the vet’s office understands why pet insurance is a booming business.

Premium 241
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Costa Concordia captain seeks early release

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Costa Concordia captain seeks early release appeared first on Insurance Marine News.

Marine 66
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Florida Condo Sales Reach 10-Year Low as Median Price Dips, Report Shows

Insurance Journal

Florida condominium sales last year reached their lowest point in almost a decade, according to a Florida Realtors report.

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Vezhen owner denies any deliberate sabotage of Baltic Sea cables

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Vezhen owner denies any deliberate sabotage of Baltic Sea cables appeared first on Insurance Marine News.

Marine 66
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Climate Change Made LA 35% More Primed to Burn, Scientists Say

Insurance Journal

Climate change made Southern California’s dangerous wildfire conditions in early January 35% more likely than they would have been before the industrial era, according to a new analysis by the scientific group World Weather Attribution.

Damage 233
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Nine charged as part of “elaborate smuggling operation” at Ports of Los Angeles and Long Beach

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Nine charged as part of elaborate smuggling operation at Ports of Los Angeles and Long Beach appeared first on Insurance Marine News.

Marine 59
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Corpus Christi Initiates Emergency Effort to Boost Water Supply

Insurance Journal

On the South Texas coast, the city of Corpus Christi has initiated an emergency effort to boost its water supply as local reservoirs experience a yearslong decline and water demand from big industrial projects continues to grow.

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Prompts Insurance Agents Can Use In ChatGPT

The Insurance Marketer

Unless you have been living under a rock, you’ve probably heard of ChatGPT, by now Insurance agents and marketers can use ChatGPT to boost efficiency, enhance communication, and add creativity.

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Ardonagh Netherlands to Buy Majority Stake in 2 High-Net-Worth Specialist Firms

Insurance Journal

Ardonagh Netherlands, part of The Ardonagh Group, has reached an agreement to acquire a majority stake in Private Insurance Assuradeuren B.V. (PIA) and Private Insurance Nederland B.V. (PIN), two prominent players in the Dutch insurance market for high-net-worth individuals.

Insurance 223
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Management Liability Insurance: A Broker’s Guide 

Distinguished

Corporate America is no place for the faint of heart. From allegations of wrongful termination to breaches of fiduciary duty, the potential for lawsuits is always there. This is why making sure executives are backed by comprehensive management liability insurance is so important. As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs.

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Family of Wrongfully Imprisoned Disabled Man to Receive $5.9 Million

Insurance Journal

More than four years after his death, Richard Lapointe’s family is set to receive a nearly $5.

Liability 214
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Distinguished Executive Lines Launches New Primary Forms

Distinguished

NEW YORK — Distinguished Programs (Distinguished), a leading national insurance program manager, proudly announces new primary offerings within its Executive Lines business for Private and Non-Profit organizations.This development underscores Distinguisheds ongoing commitment to provide innovative and comprehensive management liability solutions exclusively to wholesale brokers.

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Markets/Coverages: DUAL Europe Launches Cyber Active Protect Solution

Insurance Journal

DUAL Europe announced the launch of DUAL Cyber Active Protect, a new product that combines comprehensive cyber insurance with proactive cyber prevention services.

Cyber 208
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Management Liability Insurance: A Broker’s Guide 

Distinguished

Corporate America is no place for the faint of heart. From allegations of wrongful termination to breaches of fiduciary duty, the potential for lawsuits is always there. This is why making sure executives are backed by comprehensive management liability insurance is so important. As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs.

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2025 Agency Salary Survey: Deadline Approaching

Insurance Journal

It’s the final days to take this year’s Agency Salary Survey. All respondents will receive a copy of the report in Insurance Journal magazine.

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Distinguished Executive Lines Launches New Primary Forms

Distinguished

NEW YORK — Distinguished Programs (Distinguished), a leading national insurance program manager, proudly announces new primary offerings within its Executive Lines business for Private and Non-Profit organizations.This development underscores Distinguisheds ongoing commitment to provide innovative and comprehensive management liability solutions exclusively to wholesale brokers.

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AIG’s Hancock to Lead Global Personal Lines as Insurer Restructures Businesses

Insurance Journal

American International Group (AIG) said it is organizing into three segments and Jon Hancock will lead two of them.

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Blog Post: Alabama Legislature Repeals Annual Report Requirement for Corporations

LexisNexis

By Eric Geringswald | CSC Corporations are no longer required to file an annual report with Alabamas Secretary of State. The legislation repealing the requirement went into effect on October 1, 2024. Corporations must still file a business privilege tax return with the states Department of Revenue. The change is one of more than 50 amendments made to the states laws governing business entities in 2024.

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Everest Group Boosts Casualty Loss Reserves $1.7 Billion

Insurance Journal

Everest Group preannounced full-year 2024 earnings yesterday, disclosing about a 45% drop in net income attributable to a $1.7 billion boost in its casualty insurance reserves.

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Renewed interest in Russian tanker abandoned in Poland

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Renewed interest in Russian tanker abandoned in Poland appeared first on Insurance Marine News.

Marine 52
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Earthquake in Maine Rattles Houses, Nerves Across Northeast

Insurance Journal

A 3.8-magnitude earthquake centered near the southern Maine coast rattled houses in northern New England on Monday and was felt by surprised residents of states hundreds of miles away. The earthquake took place at about 10:22 a.m.

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China using more dry bulk carriers to move project cargoes

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post China using more dry bulk carriers to move project cargoes appeared first on Insurance Marine News.

Marine 52
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People Moves: Brooks Insurance Adds Garabedian as Underwriting SVP

Insurance Journal

Brooks Insurance hired Tiffani Ann Garabedian as senior vice president of underwriting. Garabedian is based in Los Angeles. Garabedian has nearly 20 years of insurance industry experience, most recently serving as a territory manager with Nationwide for the Northeast region.

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Iranian cargo vessels transporting missile propellant ingredient from China

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Iranian cargo vessels transporting missile propellant ingredient from China appeared first on Insurance Marine News.

Marine 52
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APCIA: Insurance Markets Work Best Without Excessive Price Regulation

Insurance Journal

The American Property Casualty Insurance Association (APCIA) recently released a report that concludes over-regulation impedes insurance markets “Insurance markets function best when allowed to operate competitively, free from excessive price regulation,” said Robert Gordon, APCIA’s senior vice president, policy, research …

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Stowaway fines at Ghanaian ports

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Stowaway fines at Ghanaian ports appeared first on Insurance Marine News.

Marine 52