Thu.Feb 20, 2025

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Why Shouldn’t Insurance Executives Disclose Their Pay?

Property Insurance Coverage Law

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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Rebuilding Costs Rose More Than 60% in the Last Decade: Verisk

Insurance Journal

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.

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Why Shouldn’t Insurance Executives Disclose Their Pay?

Property Insurance Coverage Law

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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Blog Post: The Evolution of Agentic AI: From Concept to Reality

LexisNexis

By Madison Johnson, Esq. | Manager, Large Markets The legal profession is witnessing a transformative shift with the emergence of artificial intelligence (AI) systems. The new class of AI-powered tools, known as Agentic AI, are destined to shape the future as we navigate the ethical implications of their adoption in the legal industry. These AI tools, characterized by their ability to act autonomously on behalf of users while adhering to specific constraints and objectives, are changing how lega

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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County Trash Collector’s Workers’ Compensation Claim Thrown Out

Insurance Journal

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.

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People Moves: Allianz Commercial Names Martin as Chief Risk & Resilience Officer; AXA XL Promotes Dores to Country Manager, Iberia

Insurance Journal

This edition of International People Moves details appointments at Allianz Commercial and AXA XL. A summary of these new hires follows here.

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What Vacant Land Insurance Policies Should I Invest In?

Central Insurance

Discover key coverage options, risks, and best practices for landowners. The post What Vacant Land Insurance Policies Should I Invest In? appeared first on Central Insurance Blog.

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Former Florida Broker, Others Charged in Insurance Fraud Schemes

Insurance Journal

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.

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Falling Work Comp Rates: The Good, the Bad, and the Ugly

R&R Insurance

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.

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Take the Hassle Out of Claims Management

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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CIAB: Commercial Premiums Rise 5.4% Overall in Q4 2024

Insurance Journal

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 …

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Blog Post: Master Legal Budgeting Challenges With ELM Software

LexisNexis

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.

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World Insurance Acquired Grandview Brokerage of Brooklyn

Insurance Journal

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.

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How to Market Insurance coverage instead of price

Southwest Insurance Agents Alliance

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.

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Arthur J. Gallagher Announces Acquisitions of 2 Firms in Northeast

Insurance Journal

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.

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SEO and SEM Marketing: What’s the Difference?

Tosten Marketing

At Tosten Marketing, we often field questions about SEO and SEM marketing. These two strategies are cornerstones of digital marketing, but they’re not interchangeable. Understanding the differences between SEO and SEM is key to crafting an effective online presence. In this post, we’ll break down both approaches and highlight their unique strengths.

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Florida Rushing to Enforce New Immigration Laws. Here’s What to Know

Insurance Journal

TALLAHASSEE, Fla. (AP) Days after Gov.

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CHUBB INSURANCE FOR NJ HOMEOWNERS

Boyle Agency Insurance

Great Protection – Fair Price Bogle Agency Insurance of Lyndhurst NJ offers Chubb Masterpiece Homeowners Insurance to NJ homeowners. We serve homeowners in Bergen County, Morris County and surrounding NJ counties. Chubb is a top American insurance carrier that offers a quality product to NJ homeowners to protect their most valuable asset, their home.

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Markets/Coverages: Marsh Expands Fast Track Facility, Offering 10% Automatic Capacity

Insurance Journal

Marsh, the insurance broker, risk adviser and Marsh McLennan business, announced the addition of significant new capacity to its Fast Track facility.

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6 Signs Your Tech Stack Could Use an Upgrade

Zywave

When was the last time you upgraded your tech stack? If you’re answer is “it’s been a while” or “I honestly don’t remember”, it’s probably time to start thinking about an upgrade. But even if you’ve just made updates to your tech stack, is it the optimal set of solutions for your organization? If you’re not sure, here are a few signs that would indicate it’s time for a refresh.

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Zurich Insurance Sees $200 Million LA Wildfire Loss

Insurance Journal

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.

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Blog Post: The Next Frontier of Legal AI: Embracing the Agentic Model

LexisNexis

The LexisNexis global technology platform incorporates various AI innovations, including extractive AI that identifies relevant results within data and offers detailed insights; generative AI which produces new content from data based on user prompts or instructions; and agentic AI that can perform tasks autonomously on behalf of users. We live in an era of such rapid technological innovation; the only thing certain is change.

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AM Best Revises Outlooks to Negative for Mercury and Subsidiaries Over LA Wildfires

Insurance Journal

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.

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Blog Post: Statue of Liberty, "America's Promise" Gone from USCIS Logo

LexisNexis

For a while, USCIS had this as their logo: Now, it's this:

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Winter Chill Gripping Central US Breaks Temperature Records

Insurance Journal

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.

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The Roadmap to Success as a New Broker: 9 Priorities in Your First Year

Word & Brown

When you are first getting started in the health insurance and employee benefits industry, its important that you take some essential steps to ensure your success. Heres our list of 9 priorities during your first year. Obviously, your first priority is earning your license. Will you be working on your own, or do you want to join a larger agency? What do you want to sell?

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Airbnb Files Lawsuit Against City of New Orleans Over Regulation Dispute

Insurance Journal

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.

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Marine round-up : 21st February 2025

Insurance Marine News

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.

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AM Best Upgrades Credit Ratings of The General Following Sentry Acquisition

Insurance Journal

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 …

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Lack of safety culture a factor in passenger ferry grounding, investigation finds

Insurance Marine News

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.

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Oil Tankers Rocked by Mystery Blasts After Trips to Russia

Insurance Journal

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.

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Case filed in Solomon Islands over oil spill

Insurance Marine News

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.

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Delta Offers $30,000 to Each Passenger in Toronto Crash Landing

Insurance Journal

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.

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