Fri.Sep 13, 2024

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Coastal Cities’ Growing Storm Vulnerability Fed by Climate Change and Growth

Insurance Journal

Warm water in the Atlantic Ocean and Gulf of Mexico can fuel powerful hurricanes, but how destructive a storm becomes isn’t just about the climate and weather – it also depends on the people and property in harm’s way.

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Tactical Plan for Increasing Inbound Calls to an Insurance Agency Using Google Business Listings and SEO

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. Increasing inbound calls is vital for any insurance agency looking to grow its client base. By optimizing your Google Business Profile and implementing effective local SEO strategies , you can make your agency more visible to potential clients and boost the number of inquiries.

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PwC’s China Unit Suspended for 6 Months, Hit With Record Fine for Evergrande Audit

Insurance Journal

Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm’s audit of troubled property developer China Evergrande Group.

Risk 278
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Insurance Journal Picks Up on Academic Article Exposing Fraudulent Statistics by Insurance Industry

Property Insurance Coverage Law

William Rabb of the Insurance Journal wrote an article, Study Stirs Debate on Real Impact of Litigation, Fraud on Property Insurance. He noted a post on this blog, Insurance Fraud Cost Statistics Are a Fraud, and stated the following: An academic paper published in the Journal of Insurance Regulation seems to have rekindled the debate over how much … The post Insurance Journal Picks Up on Academic Article Exposing Fraudulent Statistics by Insurance Industry appeared first on Property Insur

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Texas is Close to Adopting Revised Oil and Gas Waste Rules

Insurance Journal

Texas is inching closer to adopting revised oil and gas waste management rules for the first time in four decades. The Railroad Commission of Texas announced the draft rule at its Aug. 15 meeting and is now soliciting public comment.

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Guide to Preparing Your Medicare Book of Business for Sale

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. Selling your Medicare book of business is a major decision that can offer significant financial rewards, but only if you’ve properly prepared for the sale, and don’t worry, most agency owners aren’t. Whether you’re aiming for a high valuation or seeking the right buyer, setting your business up for success before going to market is essential.

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UK Retailer Tesco Loses Legal Battle Over ‘Fire and Rehire’ of Staff

Insurance Journal

Tesco was not entitled to terminate some employees’ contracts and offer to rehire them on less favorable terms, the United Kingdom’s Supreme Court ruled on Thursday.

Liability 264

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Cooler Weather Helping Fight Large Southern California Wildfire

Insurance Journal

Cooler weather is aiding the fight against a large Southern California wildfire, one of three large fires in the region. The Bridge Fire exploded in size on Tuesday, forcing evacuations in the communities of Wrightwood and Pinion Hills.

Damage 264
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Addressing Hail Damage: What You Need to Know

Central Insurance

Here's how to address hail damage on the roof of your home or business. The post Addressing Hail Damage: What You Need to Know appeared first on Central Insurance Blog.

Damage 130
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Tokio Marine Kiln Launches Specialty Reinsurance Division

Insurance Journal

Tokio Marine Kiln (TMK), the international specialist insurer, announced the formation of a new Specialty Reinsurance division to support the company’s growth ambitions in the sector.

Marine 264
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5 Health Insurance Essentials Brokers Should Know

Word & Brown

In your role as a broker and consultant for your individual and business insurance clients, you want to be sure you’re able to provide the personal service they want, while also doing what’s necessary to nurture a long-term relationship. If you fall short, you are unlikely to be a successful sales professional with a roster of satisfied customers who will readily share referrals that can lead to future business.

Broker 52
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Carlyle’s Sedgwick Valued at $13.2 Billion in Investment Deal With Altas

Insurance Journal

Carlyle-owned claims management company Sedgwick said on Thursday it had secured an investment from private equity firm Altas Partners via a deal that valued it at $13.2 billion. The valuation is much higher than the $6.

Claim 264
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The Fast Track Guide to Increased Producer Productivity and Validation

Zywave

Would you be able to survive if your phone only worked about half the time? We’re pretty sure you’d be ready to throw that thing out the window. So, what about insurance producers? According to the 2023 Best Practices Study conducted by the Big "I" and Reagan Consulting, the producer success rate among best practices agencies averaged only 45.5% across all revenue categories.

Insured 52
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Swiss Insurer Baloise Eyes Changes in Board of Directors, Chairman Says

Insurance Journal

Swiss insurer Baloise is considering changes in its board of directors, Chairman Thomas von Planta said on Thursday after the company revealed plans to boost returns to shareholders.

Insurance 263
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Reader callout: Have you taken out insurance you regret?

Elmore

The Financial Conduct Authority has expressed worries that some products may be poor value The post Reader callout: Have you taken out insurance you regret? appeared first on Elmore Insurance Brokers.

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Duffy Agency Acquires Neighboring Cowan Agency in Massachusetts

Insurance Journal

Duffy Insurance Agency, based in Lynn, Massachusetts, has acquired The Cowan Insurance Agency of Haverhill, also in Essex County. The Cowan agency, founded in 1938, is a fourth generation family business now led by Stefanie (Cowan) Guillemette.

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The Role of Brokers in Securing the Best Commercial Insurance Deals

Protect Commercial Insurance

The Role of Brokers in Securing the Best Commercial Insurance Deals When it comes to safeguarding a business, securing the right commercial insurance is a crucial step. Business owners are often expert jugglers, managing multiple facets of their venture simultaneously, from daily operations and customer relations to strategic development. Amidst these myriad responsibilities, finding the time and expertise to secure the optimum insurance cover can be a challenge.

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Microsoft, Cyber Firms Pursue Changes After CrowdStrike Outage

Insurance Journal

Microsoft Corp. said it’s building an alternative for cybersecurity companies that now utilize the deepest layer of its operating system after a flawed update from CrowdStrike Holdings Inc. triggered a global IT meltdown.

Cyber 262
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Applied Epic Management System Reviews 2024

Agency Height

Let’s review Applied Epic management system in detail and figure out what kind of agency this insurance agency software is best suited for increasing sales & revenue.

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Low Mississippi River Water Levels Force Barge Companies to Cut Cargo

Insurance Journal

ST. LOUIS (AP) — The water level of the Mississippi River is unusually low for the third straight year, forcing barge companies to put limits on how much cargo they can carry and cutting into farm profits.

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Blog Post: CA2 on Unable or Unwilling to Control: Castellanos-Ventura v. Garland

LexisNexis

Castellanos-Ventura v. Garland "Petitioner Bessy Orbelina Castellanos-Ventura, a native and citizen of Honduras, seeks review of an April 19, 2021 decision of the Board of Immigration Appeals (BIA) affirming a February 26, 2019 decision of an Immigration Judge (IJ) denying her application for asylum, withholding of removal, and relief under the Convention Against Torture (CAT).

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People Moves: JM Wilson Promotes Underwriters

Insurance Journal

JM Wilson, headquartered in Portage, Michigan, promoted several team members in its home office. Kristin Bolhuis was promoted to property and casualty manager. She works with carrier underwriters and independent insurance agents in Michigan and Texas.

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Blog Post: UPDATED GUIDANCE FOR RECEIPT OF NOTICES TO APPEAR FILED BY THE DEPARTMENT OF HOMELAND SECURITY

LexisNexis

EOIR PM 24-01 "This Policy Memorandum provides updated standards to Executive Office for Immigration Review (EOIR) adjudicators and personnel regarding the receipt of Notices to Appear (NTAs) filed by the Department of Homeland Security (DHS). This Policy Memorandum supersedes and rescinds Policy Memorandum 19-08, Acceptance of Notices to Appear and Use of the Interactive Scheduling System.

Policy 45
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Michigan State Documents Reveal No New Information on Nassar Abuse Scandal

Insurance Journal

DETROIT (AP) — Thousands of documents turned over by Michigan State University reveal nothing new about what the school might have known about years of sexual abuse committed by Larry Nassar, the campus doctor who assaulted female athletes, the state …

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Burning Houthi-Hit Oil Tanker Set for Fresh Rescue Effort

Insurance Journal

Specialist salvage teams are set to renew efforts to remove a blazing oil tanker that’s been stuck in the Red Sea for over three weeks after it was attacked by Houthi militants, the European Union naval force in the region …

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Delaware Insurance Commissioner Navarro Wins Primary Election

Insurance Journal

Delaware Insurance Commissioner Trinidad Navarro won this week’s Democratic primary for the post, gaining more than 70% of the vote versus his rival, Kayode Abegunde. Navarro was first elected commissioner in 2016.

Insurance 278