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 …
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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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.
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.
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.
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.
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.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
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.
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.
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.
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.
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 CorredurÃa de Seguros y Reaseguros. The transaction, which first was announced in May, closed on Sept.
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.
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.
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
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 …
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.
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.
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.
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.
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.
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.
Rough Notes
OCTOBER 1, 2024
INSURANCE-RELATED COURT CASES Digested from case reports published online COURT DECISIONS Bad news for title appellants On September 28, 2016, Sanford Sachtleben and Luciann Hruza purchased approximately 20 acres of land unimproved except for a barn in New Melle, St. Charles County, Missouri, from Perry and Joanie Sullivan.
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.
Rough Notes
OCTOBER 1, 2024
INSURANCE-RELATED COURT CASES Digested from case reports published online COURT DECISIONS In search of defense costs Ferrellgas Partners L.P. and its subsidiaries had a claims-made policy with Zurich American Insurance Company that included a provision for the advancement of defense costs for litigation.
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.
LexisNexis
OCTOBER 1, 2024
The legal profession has undergone a significant transformation with the advent of technology, particularly in the area of matter management and attorney case management software. Historically, attorneys relied on manual processes and paper-based systems to manage their cases. This often led to inefficiencies, disorganization and potential errors. However, the introduction of attorney case management software has revolutionized how legal professionals handle their caseloads.
Insurance Journal
OCTOBER 1, 2024
This post is part of a series sponsored by Selectsys. In the highly competitive insurance industry, the policy lifecycle doesn’t end with the initial sale.
LexisNexis
OCTOBER 1, 2024
By Elias Kahn | LexisNexis Practical Guidance Just as in-house counsel thought they were receiving some clarity around a vexing employment law topic, they were ushered right back into a murky legal landscape. On August 20, 2024, U.S. District Judge Ada Brown of the Northern District of Texas issued a nationwide injunction blocking the Federal Trade Commission (FTC)’s order that banned most noncompete agreements between employers and employees.
Insurance Journal
OCTOBER 1, 2024
Alliant Insurance announced that a first-of-its-kind degree program at Southern University and A&M College has received final approval from the Louisiana State Board of Regents.
Distinguished
OCTOBER 1, 2024
Individuals are passionate about their collectibles, spending a lot of time and money adding to their collections, whether it’s fine art, sculptures, antiques, wine, or other valuables. Protecting them requires special storage facilities with key characteristics. Climate Control Is Critical One of the critical characteristics of specialty warehousing facilities is climate control.
Insurance Journal
OCTOBER 1, 2024
Global insurance broker WTW has agreed to sell its direct-to-consumer insurance distribution business, Tranzact, to the private equity firm GTCR and Recognize, a technology services investment platform, for $632.4 million.
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.
Insurance Journal
OCTOBER 1, 2024
This edition of International People Moves details appointments at Liberty Specialty Markets, the MGA Pen Underwriting, and Lloyd’s syndicate, AEGIS London. A summary of these new hires follows here.
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.
Insurance Journal
OCTOBER 1, 2024
Dockworkers on the U.S.
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.
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