Insurance Journal
OCTOBER 15, 2024
A company is recalling nearly 10 million pounds of meat and poultry products made at an Oklahoma plant because they may be contaminated with listeria bacteria that can cause illness and death.
Property Insurance Coverage Law
OCTOBER 15, 2024
Note: This guest post is by Frederick “Beau” Kron, an Independent Adjuster, Trainer, Appraiser & Umpire. He has written this post as an Independent Adjuster and not on behalf of the IAUA. Opinions expressed are solely his own and are not meant to express the views or opinions of the IAUA. This year, a record-tying … The post Tornado Damage During Hurricanes: Navigating the Deductible Dilemma appeared first on Property Insurance Coverage Law Blog.
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Insurance Journal
OCTOBER 15, 2024
Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new plan designed to deliver on giveaways pledged to voters.
AMAXX
OCTOBER 15, 2024
One of the most significant challenges for employers today is managing the rising costs of workers’ compensation claims. The price tag associated with these claims can severely impact a company’s bottom line if not controlled effectively. This post will dive into the two primary reasons why workers’ compensation costs are often higher than they should be, and how employers can take charge of the process to reduce those expenses.
Insurance Journal
OCTOBER 15, 2024
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Upland Mutual Insurance, Inc. (Upland) (Junction City, KS).
LexisNexis
OCTOBER 15, 2024
Oakland, CA – California’s State Average Weekly Wage (SAWW) rose nearly 3.8 percent in the year ending March 31, 2024, which will result in an increase in California workers’ compensation temporary total disability (TTD) and permanent total disability (PTD) rates for 2025 work injury claims and other workers’ compensation benefits that are tied to SAWW increases.
Insurance Journal
OCTOBER 15, 2024
Lufthansa has agreed to pay a $4 million penalty for allegedly discriminating against Jewish passengers who were trying to board a connecting flight in Frankfurt in May 2022, the U.S. Transportation Department said on Tuesday.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
OCTOBER 15, 2024
DEER PARK, Texas (AP) — Two employees killed when hydrogen sulfide leaked at a Houston-area oil refinery were employees of a subcontractor performing maintenance work, the director of Pemex, Mexico’s state-owned oil company that operates the plant, said Friday.
Insurance Marine News
OCTOBER 15, 2024
France-based network solutions provider Marlink has said that cyber threat activity was on the rise. It was also evolving rapidly, the company warned. Marlink operates a cybersecurity centre that covers the operations of 1,800 vessels. The company said that during the past six months the centre had observed a significant rise in malicious activity compared.
Insurance Journal
OCTOBER 15, 2024
WELLINGTON, Fla. (AP) — Tony Brazzale, a diving boat captain who has lived for 10 years in his Wellington home in southeastern Florida, wasn’t worried about Hurricane Milton.
Insurance Marine News
OCTOBER 15, 2024
Heavy load carrier Yu Zhou Qi Hang (IMO 9643776) accidentally knocked over a crane in the port of Keelung, Taiwan during the afternoon of October 14th. At the time the barge was transporting three new bridge cranes to the west coast container terminal. The old onshore crane, which was scheduled for replacement, toppled over five. The post Chinese heavy-load carrier destroys Taiwanese crane appeared first on Insurance Marine News.
Insurance Journal
OCTOBER 15, 2024
CORTEZ, Fla. (AP) — Floridians recovering from Hurricane Milton, many of whom were journeying home after fleeing hundreds of miles to escape the storm, spent much of Saturday searching for gas as a fuel shortage gripped the state. In St.
Insurance Marine News
OCTOBER 15, 2024
Risk Intelligence has noted increased attention in Asia on the activities of the dark fleet, as the Information Fusion Centre (IFC) at Singapore’s Changi Naval Base detected a significant level of AIS spoofing. Activity associated with the dark fleet had been identified in the form of a spate of AIS spoofing cases brought to light. The post AIS spoofing on the rise in Asia, says Risk Intelligence appeared first on Insurance Marine News.
Insurance Journal
OCTOBER 15, 2024
Chinese state actors have made widespread — and likely successful — efforts to access British critical infrastructure networks, according to UK officials, underscoring fears of vulnerabilities to increasingly sophisticated cyberattacks by foreign powers.
Insurance Marine News
OCTOBER 15, 2024
Bulk carrier Bunun Ace (IMO 9625870) and livestock carrier Ayed 1 (IMO 9281138) collided in the Bosphorus Strait on October 3rd, it has just been reported. The Turkish Directorate General of Coastal Safety said the Bunun Ace was heading towards the Üsküdar coast. Only swift action by tug Kurtarma-5 stopped the vessel running aground. The. The post Livestock carrier in collision with bulk carrier in the Bosphorus appeared first on Insurance Marine News.
Insurance Journal
OCTOBER 15, 2024
Progressive Corp. said it’s third quarter 2024 net income more than doubled compared to last year, to about $2.3 billion. Progressive said it took a hit of $563 million in catastrophe losses in September from Hurricane Helene.
Insurance Marine News
OCTOBER 15, 2024
Over the past week and a bit, several ships carrying Ukrainian grain that had not yet left port have been hit by Russian missiles. The attacks appear to signal a change in strategy for Russia. A period of relative calm had seen global wheat prices stabilize. Since Ukraine started its unilateral coast-hugging Black Sea corridor. The post Marlink sees rise in cyber threat activity appeared first on Insurance Marine News.
Insurance Journal
OCTOBER 15, 2024
The Ardonagh Group, the London-based independent insurance distribution platform, announced it has completed the A$2.3 billion (US$1.6 billion) acquisition of PSC Insurance Group Ltd.
Insurance Marine News
OCTOBER 15, 2024
Canada, in partnership with the governments of Nova Scotia and Newfoundland, has passed legislation that the administrations said that it would help unlock the ‘enormous potential’ of offshore wind in the country, Bill C-49 will be ‘an Act to amend the Canada-Newfoundland and Labrador Atlantic Accord Implementation Act and the Canada-Nova Scotia Offshore Petroleum Resources.
Insurance Journal
OCTOBER 15, 2024
Southeast Asia could see higher-than-normal rainfall in the coming months, threatening further disruptions to agriculture, tourism, and industrial output in a region already hit by a series of storms this year.
Insurance Marine News
OCTOBER 15, 2024
QBE International Markets plans to launch a US Inland Marine service by 2025, across all 50 states. It is expanding its specialty product suite with the hiring of a new team. The team and product will be added to QBE International Market’s Houston, Texas-based Ocean Marine and Energy divisions, led by Kristina Bush. Industry veteran. The post QBE to launch US Inland Marine; announces three key hires appeared first on Insurance Marine News.
Insurance Journal
OCTOBER 15, 2024
Federal investigators found life-threatening hazards at a Nebraska grain cooperative, where workers faced risks of fire and explosions due to the company allowing a buildup of combustible dust and failing to maintain effective dust collection systems, leading to more than …
Insurance Marine News
OCTOBER 15, 2024
Norway based marine insurer and International Group Club Gard has noted that, with less than six months to implementation of FuelEU Maritime in EU and EEA trades, there had been little published advice regarding how to allocate responsibilities within time charterparties. Three people in Gard – Oliver Goossens, Satoru Yamashita, Eleni Antoniadou – who have.
Insurance Journal
OCTOBER 15, 2024
Vermont’s insurance regulator has approved an affiliation of Union Mutual Fire Insurance Co. with the Massachusetts-based mutual insurer Norfolk & Dedham Group.
Smart Insurance Agents
OCTOBER 15, 2024
Find what insurance does Mayo Clinic Florida take. Some Employer Health Plans, Individual, and Medicare Plans are accepted. Health Insurance Plans Accepted at Mayo Clinic change year over year, so it is important to verify coverage with your health insurance company or your health insurance agent. You can simply call your health insurance company customer service on the phone number provided on the back of the health insurance ID card issued to you.
Insurance Journal
OCTOBER 15, 2024
Oregon’s Multnomah County, home to Portland, has added the state’s largest natural gas utility to its $51.5 billion climate lawsuit against fossil fuel companies over their role in the region’s deadly 2021 heat- dome event.
Smart Insurance Agents
OCTOBER 15, 2024
Lapse in Health Insurance Penalty Worried about penalties for a Lapse in Health Insurance Between Jobs Penalty? Here’s what you need to know about potential penalties, changing regulations, and ways to stay covered. Key Takeaways Penalties for lapses in health insurance coverage still exist in some states, despite the federal repeal of the individual mandate penalty in 2019.
Insurance Journal
OCTOBER 15, 2024
British drugmaker GlaxoSmithKline sued Moderna in federal court in Delaware on Tuesday, accusing its American rival of violating GSK’s patent rights in messenger RNA (mRNA) technology with its blockbuster COVID-19 vaccine Spikevax.
Smart Insurance Agents
OCTOBER 15, 2024
Top Blue Cross Blue Shield Texas Individual Plans for 2025 Looking for Blue Cross Blue Shield Texas individual plans from a reputable insurance company? This guide helps you explore your options. We’ll walk you through the Gold, Silver, and Bronze tiers, discuss essential health benefits, and cover additional coverage like dental and vision. Learn how to enroll and manage your plan online, ensuring you pick the right coverage for your needs and budget.
Insurance Journal
OCTOBER 15, 2024
The likelihood of a La Niña weather event in coming months has decreased, Australia’s weather bureau said on Tuesday, adding that if the phenomenon did appear, it would be weak and short-lived.
Elmore
OCTOBER 15, 2024
Victim of Horizon IT scandal says former executives failed in their duties The post UK government should consider suing Post Office ex-directors over scandal, says Alan Bates appeared first on Elmore Insurance Brokers.
Insurance Journal
OCTOBER 15, 2024
SAVANNAH, Ga. (AP) — Authorities were investigating Tuesday after one person died as a result of a small plane crash Sunday night in a Savannah, Georgia, residential neighborhood, local police said.
Elmore
OCTOBER 15, 2024
Watchdogs, industry and consumer groups instructed to join taskforce as part of push to tackle ‘spiralling’ prices The post UK ministers pledge crackdown on rising car insurance costs appeared first on Elmore Insurance Brokers.
Insurance Journal
OCTOBER 15, 2024
Property Insurance claims from Hurricane Milton had topped more than 123,000 by Sunday, with some $1.5 billion in estimated insured losses.
Distinguished
OCTOBER 15, 2024
Builder’s Risk Insurance covers property during the course of construction, whether it’s a new build or renovation. One common question is whether the contractor and the property owner can be named insureds on the same Builder’s Risk policy. The answer lies in both parties’ financial interest in the property and how that impacts the insurance policy’s structure.
Insurance Journal
OCTOBER 15, 2024
A former employee of the Insurance Information Institute is suing his former boss and the organization’s owners on allegations of discrimination and retaliation.
Elmore
OCTOBER 15, 2024
Storm underlines growing risks from extreme weather to southern states in US The post Hurricane Milton payouts likely to hit $36bn, according to risk modellers appeared first on Elmore Insurance Brokers.
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