Insurance Journal
JULY 17, 2024
California will have to build public charging stations at an unprecedented — and some experts say unrealistic — pace to meet the needs of the 7 million electric cars expected on its roads in less than seven years.
Solstice Insurance Broker
JULY 17, 2024
So, you want to stay in the game and sell on the Federal Facilitated Marketplace (FFM)? Open Enrollment runs from November 1st to January 15th. Before you start selling, it is important to know that you must get certified through an online training portal provided by the government.
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Insurance Journal
JULY 17, 2024
BMW is recalling 1,145 vehicles in the United States over a potential issue that may cause the driver’s airbag to explode during deployment, the U.S. National Highway Traffic Safety Administration said on Wednesday.
Wren Insurance Agency
JULY 17, 2024
While Citizens has become a popular choice among residential homeowners in recent years - due primarily to skyrocketing private carrier costs and non-renewals from companies leaving Florida - residential HOAs and Boards of Directors are just starting to see a sharp incline in Citizens policies. As you may already know, Citizens is the government-backed insurer created to be a "last resort" for properties that either can't get insured through the private market or aren't able to find an affordabl
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Insurance Journal
JULY 17, 2024
The total of insurance agency mergers and acquisitions during the first six months of 2024 was the lowest over the first half since 2020, according to investment banking and financial firm OPTIS Partners.
EverQuote
JULY 17, 2024
For insurance agents, retaining a current customer is less costly and less time-consuming than winning over a new client. But many agents struggle with customer retention, lacking a systematic strategy to retain customers they're already acquired. In this article from Agent's Alliance , the author discusses why it's so important for insurance agents to focus on retention.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
American Agents Alliance
JULY 17, 2024
Every part of the insurance lifecycle is changing in the digital age, including the handling of claims. Agents and brokers play important roles in the digital claims management process, from educating policyholders on loss mitigation to helping insureds file claims and work with their insurers. Data shows about 6% of homeowners filed a claim under their homeowners insurance policies during the five years ranging from 2018 to 2022.
Insurance Journal
JULY 17, 2024
The World Bank is looking to issue its first drought bond in the next 12-18-months and broaden its offering of catastrophe bonds supporting countries suffering devastation from storms and earthquakes, a senior executive at the lender said.
Insurance Journal
JULY 17, 2024
This edition of International People Moves details appointments at managing general agent DUAL Europe and insurance broker WTW. A summary of these new hires follows here.
Insurance Journal
JULY 17, 2024
Fleming Intermediate Holdings filed a lawsuit against James River Group Holdings Ltd., alleging it had been defrauded during its $300 million acquisition of JRG Reinsurance Co.
Insurance Journal
JULY 17, 2024
A popular Sonoma County chef denied three workers at its Healdsburg, California establishment of more than $35,000 in overtime wages, according to the U.S. Department of Labor.
Insurance Journal
JULY 17, 2024
Two near-identical oil tankers trying to beat western sanctions. A secret transfer of Russian crude halfway between Iran and Oman. A supertanker giving a false location. Welcome to the modern trade in Russian petroleum as western sanctions get tougher.
Insurance Journal
JULY 17, 2024
A U.S. judge rejected Build-A-Bear Workshop’s effort to dismiss a lawsuit claiming that its Skoosherz plush toys were unauthorized knockoffs of Squishmallows, the popular plush toys made by a unit of Warren Buffett’s Berkshire Hathaway.
Insurance Journal
JULY 17, 2024
Deere & Co., the world’s top farm machinery maker, is pulling back from diversity measures in the face of conservative criticism, the second agriculture-related company in less than a month to bend to such pressure.
Insurance Journal
JULY 17, 2024
Reckitt Benckiser Group Plc said sales will be affected by a tornado that struck a warehouse in Mount Vernon, Indiana, where it stores products and raw ingredients for its baby formula business.
Insurance Journal
JULY 17, 2024
Georgia employers and their workers’ compensation insurers can rest a little easier after an appeals court this week narrowed the circumstances in which a state guaranty association can seek reimbursement on claims paid after staffing firms’ insurance carriers become insolvent.
Insurance Journal
JULY 17, 2024
DES MOINES, Iowa (AP) — Record flooding and powerful tornadoes ravaged parts of Iowa for weeks this spring, destroying or damaging thousands of homes, closing roads and bridges and costing over $130 million in infrastructure damage, officials said Thursday.
Insurance Journal
JULY 17, 2024
Workers’ compensation claim rates and benefits paid in Minnesota continue to be stable or follow their long-term downward trajectories, a new Department of Labor and Industry (DLI) report shows.
Insurance Journal
JULY 17, 2024
The majority of Houston outages that followed Hurricane Beryl should be fixed by Wednesday, the city’s main utility company said as Texas Gov. Greg Abbott threatened to punish CenterPoint Energy even after the lights come back.
Insurance Journal
JULY 17, 2024
A New Jersey man has admitted to orchestrating a multistate car theft and fraud ring that involved tracking drivers, programming keys, stealing their cars, and reselling their vehicles. U.S. Attorney Philip R.
Insurance Journal
JULY 17, 2024
WALLACE, La. (AP) — Sisters Jo and Dr. Joy Banner live just miles from where their ancestors were enslaved more than 200 years ago in St. John the Baptist Parish, Louisiana.
Insurance Journal
JULY 17, 2024
FM Global said it will now be known simply as FM. The commercial property insurer on July 17 unveiled its new name and “titanium” logo at the company’s midyear meeting.
Insurance Journal
JULY 17, 2024
Intact Hires Janssens as SVP of West Coast Commercial Surety Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s U.S. insurance company subsidiaries, headquartered in Plymouth, Minnesota, hired Erik Janssens as senior vice president of West Coast Commercial Surety.
Insurance Journal
JULY 17, 2024
A group of 14 attorney generals has formed a coalition to persuade the Federal Emergency Management Agency (FEMA) to initiate rulemaking to update its regulations to recognize extreme heat and wildfire smoke events as eligible for major disaster declarations under …
Insurance Journal
JULY 17, 2024
The new UK government plans to strengthen the nation’s defenses against cyberattacks, a month after a ransomware hack crippled London hospitals and health care providers.
Insurance Journal
JULY 17, 2024
Allianz has made an offer to acquire at least 51% of Singapore’s Income Insurance Ltd. in a transaction valued at about S$2.2 billion ($1.6 billion).
Insurance Journal
JULY 17, 2024
Air Canada may be forced to pay at least C$100 million ($73.2 million) to about 2,200 former workers after a Quebec court issued a ruling in their class-action lawsuit against the airline.
Insurance Journal
JULY 17, 2024
A priest’s defamation claim against his bishop is barred by the religious liberty protections in the First Amendment of the U.S. Constitution and the Virginia Constitution, a Virginia appeals court has ruled.
Insurance Journal
JULY 17, 2024
Independent insurance agency Deland, Gibson Insurance Associates in Wellesley, Massachusetts announced it recently acquired Atchue Insurance Agency, which is located about 35 miles away in Worcester. Founded by Earl V. Atchue, Jr.
Insurance Journal
JULY 17, 2024
Climate groups called a decision to open the UK’s first deep coal mine in more than three decades unlawful, claiming that approval was granted without taking into account all the harmful emissions that it would produce.
Insurance Journal
JULY 17, 2024
AM Best reports that it has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings of members of A.I.M. Mutual Insurance Companies.
Insurance Journal
JULY 17, 2024
On his four and a half acres of land in central Pakistan, Izhar ul-Haq approaches farming as a science.
Insurance Journal
JULY 17, 2024
Valley Insurance Agency Alliance (VIAA), headquartered in St. Louis, hired Carly Sherman as a book management coach. Sherman is focused on improving the profitability of personal lines production with both strategic and regional partner carriers.
Insurance Journal
JULY 17, 2024
Jillian Anderson was planning to make fighting crime in Waikiki the top issue in her campaign for a seat in the Hawaii House of Representatives.
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