Wed.Jan 29, 2025

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Progressive Net Income More Than Doubles in 2024

Insurance Journal

Progressive Corp. said it’s fourth quarter 2024 income increased 19% to about $2.4 billion compared to the same period the prior year.

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Is terrorism covered under an Australian home and contents policy?

Prof. Allan Manning

Last week I posted an article in regard to terrorism coverage under commercial property, and/or business interruption policies. I also touched on commercial liability coverage. At the request of quite a few readers, I now turn my attention to home and contents. In a day or two I will address Strata and after than residential landlord policies, and finally private motor.

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People Moves: Patel Named Chair of Canopius Managing Agents, Succeeding Meader; Evolin Broking Taps Downing From Miller to Launch Construction Division

Insurance Journal

This edition of International People Moves details appointments at the re/insurer Canopius Group and the broker Evolin. A summary of these new hires follows here.

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The Ultimate Guide for Insurance Agents: How to Build a Profitable Final Expense Business

Final Expense Brokerage

Jan 29, 2024 3:23:31 PM Contact Us Share: Final expense insurance is a niche that offers tremendous potential for agents looking to serve seniors and their families. However, for those just starting outor even those whove been in the game for a whilenavigating the complex world of final expense insurance can feel overwhelming. You may be wondering how to find the right products for your clients, generate high-quality leads, or simply make the process easier.

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Streamline Insurance Claims Management By Analyzing Legal Trends

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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Judge Extends Ban on Alliant Employees Soliciting Marsh Agency’s Customers

Insurance Journal

A federal judge in Manhattan has extended an order blocking three Alliant Insurance Services employees from soliciting or contacting any current Marsh & McLennan Agency (MMA) clients or using a spreadsheet of MMA clients that MMA alleges they took when …

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Chubb Posts Record P/C Underwriting Income for Q4 and 2024

Insurance Journal

Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8% during the last quarter of 2024. Fourth quarter net income was down 22% to about $2.

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Thoughts From a Policyholder Attorney of 40 Years About the 2025 Windstorm Conference

Property Insurance Coverage Law

I formally started a policyholder law firm 40 years ago today. I mentioned that during my presentation yesterday at the Windstorm Conference while explaining how my perspective has developed. It seems like yesterday, but the world of property insurance claims has changed significantly since 1985. The 2025 Windstorm conference had more of a Texas flare … The post Thoughts From a Policyholder Attorney of 40 Years About the 2025 Windstorm Conference appeared first on Property Insurance Covera

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Tech Update: Aventum Invests $12 Million to Create Proprietary Tech Function

Insurance Journal

Aventum, the London-based international re/insurance group, is investing $12 million over two years to create an inhouse proprietary tech function across its global operations.

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Don’t be too fixated on price to NAV

Splash: Finance and Insurance

Pierre Aury has some advice for would be shipping investors. An old topic for a new year. Ive already made my opinion quite clear about the fact that shipping companies trading in competitive spot markets should not be listed.

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People Moves: Ignite Specialty Names Patel US Head of IP Underwriting; QBE North America Hires Finnis as SVP of Distribution

Insurance Journal

Ignite Specialty Risk Names Patel as US Head of Intellectual Property Underwriting Ignite Specialty Risk, headquartered in London, appointed Ankit Patel as U.S. head of intellectual property (IP) underwriting.

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How Insurance Agencies Can Improve Digital Client Communication

Agency Revolution

Insurance is and always has been an industry that has people at the center of itespecially when it comes to independent insurance agencies. Thats why client communication is as important as ever. Gone are the days of just walking to your insurance agents office. Now, people expect to handle the process of buying, managing, and renewing insurance coverage digitally.

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Less Methane Leaked in West Texas, Report Says; Environmentalists Are Skeptical

Insurance Journal

Less methane escaped into the atmosphere from certain oil and gas equipment and oil wells in 2023, according to a report released earlier this month by an energy analytics firm that industry leaders promoted.

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Blog Post: Latest Updates to Indiana’s Business Entity Laws and New Case Law Available Now

LexisNexis

By Eric Geringswald | CSC Indianas legislature approved changes to more than three dozen sections of the states laws governing business entities in 2024, including a new provision regarding notice requirements for health care entity mergers and acquisitions and amendments to the states LLC provision addressing the death of a sole member. These and other updates changes are captured in the 2025 edition of Indiana Laws Governing Business Entities Annotated.

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Climate Change Will Lead to Higher Deaths in Europe, Study Shows

Insurance Journal

As Europe gets hotter, more people are expected to die from extreme heat, outweighing the reduction in those killed by very cold weather.

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Sulmara assists fuel recovery op from typhoon-struck cargo ship

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Sulmara assists fuel recovery op from typhoon-struck cargo ship appeared first on Insurance Marine News.

Marine 52
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Lawsuit Accuses Amazon of Secretly Tracking Consumers Through Cellphones

Insurance Journal

Amazon.com was sued on Wednesday by consumers who accused the retailing giant of secretly tracking their movements through their cellphones, and selling data it collects.

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Seafarer abandonments reach new highs in 2024, says union

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Seafarer abandonments reach new highs in 2024, says union appeared first on Insurance Marine News.

Marine 52
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Oklahoma Issues Cease-And-Desist Against Unlicensed Auto Warranty Company

Insurance Journal

The Oklahoma Insurance Department (OID) has issued a Cease-and-Desist Order against Select Auto Inc., doing business as Select Auto Protect, due to the unauthorized sale of auto warranty contracts in Oklahoma.

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Seafarer Happiness Index shows first decline in 2024, port access restrictions key concern

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Seafarer Happiness Index shows first decline in 2024, port access restrictions key concern appeared first on Insurance Marine News.

Marine 52
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Michigan Joins Multistate Enforcement Action Against Block, Inc.

Insurance Journal

Michigan joined 47 state financial regulatory agencies in a coordinated enforcement action against Block, Inc., for violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use.

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Russian Arctic oil tanker is delivered, three years late and already sanctioned

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian Arctic oil tanker is delivered, three years late and already sanctioned appeared first on Insurance Marine News.

Marine 52
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Fire Destroys Air Busan Plane in South Korea, All 176 Evacuated

Insurance Journal

A fire broke out on a plane operated by Air Busan Co. at a local airport in South Korea late Tuesday, with everyone on board evacuated.

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Russian ship suffers fire of Syrian coast, says US-funded radio station

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian ship suffers fire of Syrian coast, says US-funded radio station appeared first on Insurance Marine News.

Marine 52
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Alabama DOI Gives Deputy Commissioners New Responsibilities in Efficiency Move

Insurance Journal

Two deputy commissioners at the Alabama Department of Insurance will take on new roles in an effort to improve efficiency and outreach at the agency, Commissioner Mark Fowler announced Tuesday.

Insurance 147
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Russian nuclear icebreaker bow damaged after collision

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian nuclear icebreaker bow damaged after collision appeared first on Insurance Marine News.

Damage 52
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Worker Killed When House Under Construction Collapses in Massachusetts

Insurance Journal

A worker died Tuesday after a house under construction in Massachusetts collapsed. According to local police, Mario Diaz Obando, 29, of Fall River, died when the house being built on Vine Street in Weymouth collapsed.

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Chief engineer jailed in US for MARPOL violations

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Chief engineer jailed in US for MARPOL violations appeared first on Insurance Marine News.

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Worker Struck and Killed by Airplane Tug at Charlotte Airport

Insurance Journal

Police and federal safety crews are investigating after an airport vehicle struck and killed a 66-year-old worker at Charlotte Douglas International Airport this week.

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Storm Herminia pushes hopper dredger into Tuscan resort

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Storm Herminia pushes hopper dredger into Tuscan resort appeared first on Insurance Marine News.

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MGM Resorts to Pay $45M to Settle Data Breach Lawsuit

Insurance Journal

MGM Resorts International has agreed to a $45 million to resolve a class action lawsuit over its data breaches in 2019 and 2023. Preliminary approval of the settlement was granted by a federal judge, according to documents filed Jan.

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Baltic Sea shipping tax could pay for undersea cable protection, says Estonian minister

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Baltic Sea shipping tax could pay for undersea cable protection, says Estonian minister appeared first on Insurance Marine News.

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Claims Exec Who Defrauded Allied World Insurance Ordered to Prison, Pay $1.2M

Insurance Journal

James Keating of Paoli, Pennsylvania, has been sentenced to 20 months of imprisonment, followed by three years of supervised release, for defrauding his former employer of more than $1.4 million.

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The Secret Sauce: How to Craft Irresistible Insurance Ads (with Examples)

The Insurance Marketer

Every insurance agent and marketer knows that paid ads must be part of their strategy for attracting new clients.