Insurance Journal
FEBRUARY 20, 2025
This edition of International People Moves details appointments at Allianz Commercial and AXA XL. A summary of these new hires follows here.
Property Insurance Coverage Law
FEBRUARY 20, 2025
A new bill filed in the Florida Senate by Don Gaetz is making waves by proposing that insurance companies disclose the financial relationships of their executives and related entities. The legislation would require a report detailing the compensation of executives, including salaries, stock options, bonuses, stock buybacks, and other taxable payments.
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Insurance Journal
FEBRUARY 20, 2025
National insurance broker World Insurance Associates LLC announced that it acquired the business of Grandview Brokerage LLC of Brooklyn, New York last November. Grandview provides commercial and personal insurance with niches in the healthcare, real estate, and jewelry industry.
Property Insurance Coverage Law
FEBRUARY 20, 2025
A new bill filed in the Florida Senate by Don Gaetz is making waves by proposing that insurance companies disclose the financial relationships of their executives and related entities. The legislation would require a report detailing the compensation of executives, including salaries, stock options, bonuses, stock buybacks, and other taxable payments.
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Insurance Journal
FEBRUARY 20, 2025
Over the past decade, there’s been a dramatic increase in reconstruction costs, according to Trish Hopkinson, head of 360Value at Verisk. The 10-year analysis examined residential and commercial reconstruction costs between October 2014 and October 2024.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
FEBRUARY 20, 2025
When the garbage truck stopped, the worker stepped down from the metal step on the back of the truck to run and retrieve a trash can.
R&R Insurance
FEBRUARY 20, 2025
This article was updated on February 17th, 2025 with fresh statistics. It's the same story as was originally published in 2019, just more intense! On October 1, 2024 Wisconsin continued its trend entering a ninth consecutive year of reduced workers compensation insurance rates. Rates in 2024 fell an average of 10.5% compared to 2023, which is the most dramatic reduction in over a decade.
Insurance Journal
FEBRUARY 20, 2025
One person in Texas and four people in Florida, including a previously licensed insurance broker, face insurance fraud charges in separate schemes, local and federal authorities said Wednesday.
LexisNexis
FEBRUARY 20, 2025
Legal budgeting is a critical component of the law department, yet it presents numerous challenges for legal operations and their stakeholders. Legal budgeting requires a strategic approach, from aligning with corporate financial goals to managing external counsel costs. Below, we explore the common challenges faced in legal budgeting, the preferences of stakeholders, and the role of legal budgeting software in streamlining the process.
Insurance Journal
FEBRUARY 20, 2025
Global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Waltham, Massachusetts-based Agilis Partners LLC. Agilis is an investment and retirement plan consulting firm with offices in greater Boston, New York and Denver.
LexisNexis
FEBRUARY 20, 2025
By: Practical Guidance Corporate investment in generative artificial intelligence (Gen AI) technologies continues to accelerate. Average Gen AI budgets grew by 30% in 2024 and they are expected to grow at roughly 60% over the next three years, soaring to 7.6% of total IT budgets by 2027, according to a report from Boston Consulting Group. These investments are leading directly to rapid adoption of Gen AI tools in the workplace.
Insurance Journal
FEBRUARY 20, 2025
Marsh, the insurance broker, risk adviser and Marsh McLennan business, announced the addition of significant new capacity to its Fast Track facility.
Southwest Insurance Agents Alliance
FEBRUARY 20, 2025
The insurance industry is fiercely competitive, with local agencies focused on in their marketing efforts to secure a portion of the market. However, many insurance business owners fall into the pitfall of trying to lure potential customers by offering the lowest prices. While low prices might be sensible for large companies that sell in high volumes, for a small business, it is a poor strategy.
Insurance Journal
FEBRUARY 20, 2025
AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for the members of Mercury Casualty Group.
Insurance Marine News
FEBRUARY 20, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 21st February 2025 appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 20, 2025
Zurich Insurance Group AG is expecting pretax losses of $200 million from the January California wildfires as the insurer reported a 5% gain in profit for 2024. Group operating profit rose to $7.
Insurance Marine News
FEBRUARY 20, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Lack of safety culture a factor in passenger ferry grounding, investigation finds appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 20, 2025
Federal regulators have cited Tesla TSLA.O for violating workplace safety rules in connection with the electrocution of a worker last summer at its Austin, Texas, auto-manufacturing plant. The U.S. Department of Labor confirmed the findings in a statement to Reuters.
Insurance Marine News
FEBRUARY 20, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Case filed in Solomon Islands over oil spill appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 20, 2025
Intense cold will grip the central and southern US for at least another day, sending temperatures to all-time lows in some cities before milder weather is set to arrive over the weekend.
Insurance Marine News
FEBRUARY 20, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Norway shifts focus to floating offshore wind appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 20, 2025
Airbnb is suing the City of New Orleans for requiring the company and short-term rental platforms ensure properties they market are in compliance with city laws.
Insurance Marine News
FEBRUARY 20, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Engine room fires remain major concern appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 20, 2025
AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings to “aa-” (Superior) from “a+” (Excellent) of Permanent General Assurance Corporation, Permanent …
Insurance Marine News
FEBRUARY 20, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Pen Underwriting extends international ports and terminals coverage to US risks appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 20, 2025
2024 ended as steady as ever with “no real change in current market conditions” as respondents of a recent survey reported most lines of business in the last quarter had average increases in premiums about the same or …
Insurance Marine News
FEBRUARY 20, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post EU envoys agree ban on Russian aluminium imports in new sanctions package appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 20, 2025
At least four oil tankers have been hit with explosions so far this year all of them having visited Russia’s territorial waters in the weeks prior to the blasts happening.
Insurance Marine News
FEBRUARY 20, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Suez Canal boss Osama Rabie says that no sustainable route to replace Canal has emerged appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 20, 2025
Delta Air Lines Inc. is offering $30,000 to every passenger aboard a regional jet flight that came to rest upside down after crash landing at a Toronto airport earlier this week.
Insurance Marine News
FEBRUARY 20, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Salvage team boards grounded MSC Baltic III appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 20, 2025
New York sued several large e-cigarette manufacturers, distributors and retailers on Thursday, saying they fueled a youth vaping epidemic by selling products with cartoonish packaging and flavors such as Baja Slushie, Strawberry Cereal Donut Milk and OMG Blow Pop.
Insurance Marine News
FEBRUARY 20, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Explosions on tankers in Mediterranean: external causes suspected appeared first on Insurance Marine News.
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