US East Coast Dockworkers Strike, Halting Half the Nation’s Ocean Shipping
Insurance Journal
OCTOBER 1, 2024
Dockworkers on the U.S.
Tue.Oct 01, 2024
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Heritage Insurance Under Scrutiny: Analyzing the CBS 60 Minutes Exposé and Questions of Internal Controls
Property Insurance Coverage Law
OCTOBER 1, 2024
Heritage Insurance (HRTG) lost 20% of its publicly traded value yesterday following the recent CBS 60 Minutes investigation into alleged insurance fraud in Florida, which has sent shockwaves through the insurance industry. You can read about the story from my post, CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates … The post Heritage Insurance Under Scrutiny: Analyzing the CBS 60 Minutes Exposé and Questions of Internal Controls app
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Hospitals Seen as Potential Growth Area for Litigation Financing
Insurance Journal
OCTOBER 1, 2024
The litigation-financing industry could see new demand from an increase in health care lawsuits, according to Christopher Bogart, chief executive officer of litigation funder Burford Capital Ltd.
Best Practices to Prepare for a Workers’ Comp Claim Audit or Review
AMAXX
OCTOBER 1, 2024
When managing workers’ compensation, a claim audit or review is a crucial opportunity for employers, carriers, TPAs (Third-Party Administrators), and brokers to come together and optimize claim-handling practices. This structured communication event is not just a formality but a powerful tool for identifying issues, aligning expectations, and ultimately reducing the costs associated with claims.
Streamline Insurance Claims Management By Analyzing Legal Trends
Advertiser: Trellis
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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Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland
Insurance Journal
OCTOBER 1, 2024
Insurance agents in the mountain city of Asheville, North Carolina, said they and their policyholders have been stunned by the catastrophic damage brought so far inland by Hurricane Helene, which dumped 14 inches of rain on the picturesque community and …
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Judge Dismisses Shareholder Lawsuit Against Tesla, Musk Over Self-Driving Promises
Insurance Journal
OCTOBER 1, 2024
Tesla and its CEO Elon Musk on Monday won the dismissal of a lawsuit accusing them of defrauding shareholders by overstating the effectiveness and safety of the automaker’s self-driving technology in order to boost its stock price. U.S.
Blog Post: CaseMap+ Brings AI Capabilities to Leading Case Analysis Software for Litigators
LexisNexis
OCTOBER 1, 2024
The legal industry continues to grow more comfortable with the adoption of artificial intelligence (AI) technology in the business and practice of law. Seven in 10 law firm leaders believe AI-powered tools will enable new value-added work product for clients and nearly half (47%) are exploring new billable opportunities for client service as a result of AI technology, according to a survey conducted this year by LexisNexis.
Cleanup Begins After Chemical Plant Fire Forced Evacuations Near Atlanta
Insurance Journal
OCTOBER 1, 2024
CONYERS, Ga.
Landlord’s Insurance for Beginners
Cover4LetProperty
OCTOBER 1, 2024
Landlord’s insurance (also known as buy to let insurance or let property insurance ) is something a landlord should consider when purchasing a property with the intention to let it. If you fail to purchase landlord’s insurance, you are putting yourself at unnecessary financial risk, which could result in disastrous repercussions. Here we discuss what landlord insurance covers, why it is so important, plus other considerations.
Viewpoint: East Coast Port Strike: Insurance and Risk Management Implications
Insurance Journal
OCTOBER 1, 2024
As it has many times before, the International Longshore Association (ILA) threatened a strike, beginning October 1, that would shut down major ports along the Atlantic and Gulf coasts of the United States, with significant repercussions for global trade.
Beazley names Bantick as CUO
Insurance Marine News
OCTOBER 1, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Beazley names Bantick as CUO appeared first on Insurance Marine News.
Louisiana Seafood Restaurant Sued for Sexual Harassment
Insurance Journal
OCTOBER 1, 2024
Minden Seafood, LLC, a seafood restaurant in Minden, Louisiana, violated federal law when it failed to stop a male worker from repeatedly sexually harassing a female employee and refused to rehire her after she quit, the U.S.
Three dead as shuttle tanker explodes in Bangladesh port
Insurance Marine News
OCTOBER 1, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Three dead as shuttle tanker explodes in Bangladesh port appeared first on Insurance Marine News.
Federal Agency Resumes Sending Hazardous Waste to Michigan From Ohio
Insurance Journal
OCTOBER 1, 2024
VAN BUREN TOWNSHIP, Mich.
Ghost tanker appears at Chinese port, loaded with crude
Insurance Marine News
OCTOBER 1, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ghost tanker appears at Chinese port, loaded with crude appeared first on Insurance Marine News.
Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon
Insurance Journal
OCTOBER 1, 2024
Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was announced in May, closed on Sept.
Britannia names Todd as Deputy CUO
Insurance Marine News
OCTOBER 1, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Britannia names Todd as Deputy CUO appeared first on Insurance Marine News.
Maine Water After Firefighting Foam Spill Tests Below Danger Level
Insurance Journal
OCTOBER 1, 2024
Maine environmental officials said all water samples analyzed so far in the wake of the state’s largest recorded accidental spill of firefighting foam are below its guidelines for potentially dangerous chemicals.
Egyptian president says Suez revenue down by more than half
Insurance Marine News
OCTOBER 1, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Egyptian president says Suez revenue down by more than half appeared first on Insurance Marine News.
California Governor Vetoes Bill to Create First-in-Nation AI Safety Measures
Insurance Journal
OCTOBER 1, 2024
California Gov. Gavin Newsom vetoed a landmark bill aimed at establishing first-in-the-nation safety measures for large artificial intelligence models.
US port strike begins
Insurance Marine News
OCTOBER 1, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US port strike begins appeared first on Insurance Marine News.
Michigan Boy Dies on Field Trip After Tree Falls on Him at Nature Center
Insurance Journal
OCTOBER 1, 2024
HOWELL, Mich. (AP) — A 12-year-old boy died after he was struck by a tree that fell at a southeastern Michigan nature center where he and classmates were on a field trip, authorities said.
Marine round-up : 2nd Oct 2024
Insurance Marine News
OCTOBER 1, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 2nd Oct 2024 appeared first on Insurance Marine News.
Crest Insurance Group Acquires Alliance Insurance Agency in Colorado
Insurance Journal
OCTOBER 1, 2024
Crest Insurance Group acquired Alliance Insurance Agency LLC in Colorado. Crest’s Colorado operations center around its Denver hub and expand to Longmont and Fort Collins.
Japan Club organizational and personnel changes
Insurance Marine News
OCTOBER 1, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Japan Club organizational and personnel changes appeared first on Insurance Marine News.
Delaware’s Workers’ Compensation Claims Cost Grew 3% a Year: WCRI
Insurance Journal
OCTOBER 1, 2024
The average cost of workers’ compensation claims in Delaware, for cases with more than seven days of lost work, went up by 3% per year between 2019 and 2022, according to a new study from the Workers Compensation Research Institute …
Strike’s Duration Will Determine Impact on P/C Insurance Industry
Triple-I: Business Insurance
OCTOBER 1, 2024
By Michel Léonard , Ph.D., CBE, Chief Economist and Data Scientist, Triple-I The International Longshoremen’s Association (ILA) went on strike on Tuesday, Oct 1. The strike is expected to affect more than 20 ports along the Eastern Seaboard and Gulf Coast, including the ports of New York and New Jersey, Baltimore and Houston. Focusing specifically on the strike’s impact on the property/casualty industry – and given the specific goods transiting through those ports – the impact will be mos
Viewpoint: Elevating Claims Management by Taking Collaborative Approach With Clients
Insurance Journal
OCTOBER 1, 2024
Over the last 20 years, the role of the claims handler has evolved significantly, from a largely back-office function to one centred around partnership and mutual benefit.
Project Pink 2024
Southwest Insurance Agents Alliance
OCTOBER 1, 2024
SIAA is organizing its sixth annual fundraiser to raise awareness for breast cancer, building on the success of last year’s donation drive. Breast cancer research is a deeply personal cause for us, having affected the SIAA family multiple times: some of our staff and members have lost loved ones to it, and some are survivors themselves.
Jury Awards $24M to Pennsylvania Man Injured in Botched Spinal Surgery
Insurance Journal
OCTOBER 1, 2024
A Pennsylvania jury has awarded a $23.87 million verdict to James Spangler, a 58-year-old Harley Davidson mechanic from Manchester who suffered catastrophic injuries following a botched spinal surgery.
Fine Art & Collectibles Insurance: Q&A For Brokers
Distinguished
OCTOBER 1, 2024
Ready to expand your market with Distinguished? If you missed our recent webinar, “Fine Art & Collectibles Insurance: Q&A for Brokers,” don’t worry. You have the opportunity to gain valuable insights that will help your business thrive. Hear directly from our underwriters on how Distinguished can help you win business and deliver superior service to your clients.
Europe Set for Colder Winter Than Last Year as La Niña Arrives
Insurance Journal
OCTOBER 1, 2024
Europe’s winter is forecast to be colder than last year — Germany’s third-mildest on record — as a weakened La Niña finally arrives, but it will still be warmer than longer-term averages.
Who’s at fault?
Rough Notes
OCTOBER 1, 2024
INSURANCE-RELATED COURT CASES Digested from case reports published online COURT DECISIONS Who’s at fault? On November 19, 2015, Roger Burns, Scott Eastman, and Jillian Peterson were involved in a three-car consecutive rear-end collision heading eastbound in the far right-hand lane of Interstate 10 where Interstate 10 exits to merge onto Interstate 210 East in Calcasieu Parish.
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