Thu.Jan 30, 2025

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Insurance Payouts at $4 Billion and Counting for LA Wildfires

Insurance Journal

Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes earlier this month.

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Beware of a One-Year Deadline to File a Lawsuit—Always Hire a Public Adjuster If Your Insurer Makes You Adjust Your Own Claim

Property Insurance Coverage Law

A recent federal court decision favoring Liberty Mutual Insurance Company in a pipe burst claim1 left me thinking about two lessons. First, this case strongly reminds policyholders to be aware of time limits in their insurance policies and take action as soon as they believe their claim is not being handled fairly. This is especially … The post Beware of a One-Year Deadline to File a LawsuitAlways Hire a Public Adjuster If Your Insurer Makes You Adjust Your Own Claim appeared first on Prop

Claim 124
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Insurance Group Touts Major Victory Over FCC Rule That Would Have Limited Robocalls

Insurance Journal

A federal appeals court and the Federal Communications Commission, in one of its first actions under the new presidential administration, have handed down major decisions that many in the insurance industry may see as a double-edged sword.

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Brokers: Keep the Business Coming After Open Enrollment | Solstice

Solstice Insurance Broker

As an insurance broker, open enrollment on the ACA insurance marketplace is likely crucial for your business. You can collaborate with many clients at one time to secure needed coverage. Plus, you can generate significant revenue.

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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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Insurtech Qumis Raises $2.2M to Automate Policy Reviews With AI

Insurance Journal

Qumis, a lawyer-built AI-driven platform designed to transform insurance knowledge work, announced the close of an oversubscribed $2.2 million pre-seed funding round.

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UK Government Agencies Vulnerable to Cyberattacks, Watchdog Says

Insurance Journal

British government departments have operated hundreds of outdated computer systems and failed to meet their own cybersecurity targets, increasing the risk of a disruptive hack, a watchdog has found.

Risk 162
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Beware of a One-Year Deadline to File a Lawsuit—Always Hire a Public Adjuster If Your Insurer Makes You Adjust Your Own Claim

Property Insurance Coverage Law

A recent federal court decision favoring Liberty Mutual Insurance Company in a pipe burst claim1 left me thinking about two lessons. First, this case strongly reminds policyholders to be aware of time limits in their insurance policies and take action as soon as they believe their claim is not being handled fairly. This is especially … The post Beware of a One-Year Deadline to File a LawsuitAlways Hire a Public Adjuster If Your Insurer Makes You Adjust Your Own Claim appeared first on Prop

Claim 100
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World Insurance Associates Acquires Stern Insurance Group in Arizona

Insurance Journal

World Insurance Associates LLC has acquired the business of Stern Insurance Group in Scottsdale, Arizona. SIG was founded in 1987 by Daryl Stern. The firm specializes in counseling corporations in the areas of employee benefits and risk management services.

Insurance 159
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Navibulgar claims Baltic Sea vessel’s anchor system leaked accidentally

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Navibulgar claims Baltic Sea vessels anchor system leaked accidentally appeared first on Insurance Marine News.

Claim 71
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Uber Alleges Fraud Scheme by New York Groups Faking Car-Crash Injuries

Insurance Journal

Ride-sharing giant Uber Technologies Inc. filed a racketeering lawsuit against a group of law firms, doctors and pain-management clinics it claims staged fake car accidents and performed unnecessary surgeries to take advantage of New York’s lucrative no-fault insurance policies.

Injury 159
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Russian cargo ships, warships, depart Syria

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian cargo ships, warships, depart Syria appeared first on Insurance Marine News.

Marine 66
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People Moves: Newfront Names Maisonet Chief People Officer; BenefitMall Adds Kealamakia in Mountain West

Insurance Journal

Newfront Promotes Maisonet to Chief People Officer Newfront promoted Paige Maisonet to chief people officer. Maisonet oversees talent acquisition, people operations and employee experience. Maisonet has more than 15 years of experience in human resources.

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Skuld names new Global Head of Defence

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Skuld names new Global Head of Defence appeared first on Insurance Marine News.

Marine 66
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Generali to Pay Out Over €7 Billion in Dividends by 2027

Insurance Journal

Assicurazioni Generali SpA plans to return more than 7 billion ($7.3 billion) in dividends and buy back at least 1.5 billion in shares by 2027, as Chief Executive Officer Philippe Donnet pursues growth in asset management and high-margin insurance.

Insurance 147
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Westfield Specialty expands team, “first of several additions”

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Westfield Specialty expands team, first of several additions appeared first on Insurance Marine News.

Marine 66
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People Moves: Tarby Moves to Permanent Plymouth Rock CEO; Inszone Insurance Creates Three Regional President Roles

Insurance Journal

Plymouth Rock Assurance, headquartered in Boston, named Ethan Tarby as president and CEO of Plymouth Rock Assurance Corporation. Tarby served as interim president and CEO since June 2024. He will lead Plymouth Rock’s Independent Agency Group.

Insurance 141
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Ship fire in Red Sea not caused by Houthi attack, says JMIC

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ship fire in Red Sea not caused by Houthi attack, says JMIC appeared first on Insurance Marine News.

Marine 66
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Pennsylvania Says It Blocked $180 Million in Auto, Home, Other P/C Insurance Hikes

Insurance Journal

The Pennsylvania Insurance Department (PID) reported that in 2024 it refused to approve $180.3 million in annual property/casualty (P/C) insurance premium increases in the state through its rate review processes.

Premium 141
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Blog Post: Understanding Benefits of Legal Invoice Review Services

LexisNexis

There is a way to unlock the potential of your corporate legal department with legal invoice review services. In an era where law firms are raising their rates and legal departments are expected to do more with less, legal invoice review services offer a strategic advantage. By integrating human expertise with advanced financial intelligence tools , this service helps scrutinize invoices thoroughly, leading to significant cost savings and enhanced productivity.

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Killed Florida TV Reporter’s Parents Sue His Employer, Charter Communications

Insurance Journal

ORLANDO, Fla.

Claim 141
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Commissioner Lara moves to protect wildfire survivors from debris removal program insurance costs

American Agents Alliance

This action ensures Los Angeles County debris removal program will not impact insurance benefits owed to policyholders LOS ANGELES As Los Angeles County announced the start of cleanup from the recent devastating wildfires, Insurance Commissioner Ricardo Lara today informed wildfire survivors that the program will not impose out-of-pocket costs on policyholders.

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Dubai Developer Plans Luxury Condo Project on Site of 2021 Surfside Collapse

Insurance Journal

SURFSIDE, Fla. (AP) A Dubai-based developer plans to build a 12-story luxury condominium project on the South Florida site where a building collapsed in 2021, killing 98 people.

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Marine round-up : 31st January 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 : 31st January 2025 appeared first on Insurance Marine News.

Marine 52
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FAA Issues Urgent Guidance for General Aviation Pilots During New Orleans Super Bowl

Insurance Journal

The Federal Aviation Administration is issuing guidance to general aviation pilots flying near New Orleans from Feb.

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Container ship breakaways off Queensland in 2022 a result of “unprecedented stretch of rainfall”, ATSB 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 Container ship breakaways off Queensland in 2022 a result of unprecedented stretch of rainfall, ATSB investigation finds appeared first on Insurance Marine News.

Marine 52
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Diminished Value Not Covered by Standard Auto Policy, Massachusetts High Court Says

Insurance Journal

The Massachusetts standard auto policy does not require an insurer to pay inherent diminished value (IDV) to a claimant whose vehicle is damaged by one of its insureds.

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Indonesia considers buying Russian oil, says Indonesian energy minister

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Indonesia considers buying Russian oil, says Indonesian energy minister appeared first on Insurance Marine News.

Marine 52
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Woman Found Guilty of Arson After Trying to Burn 3 Homes in Hamptons

Insurance Journal

A jury found an East Quogue, New York woman guilty of arson for attempting to set three homes on fire in Hampton Bays in November 2023. Suffolk County District Attorney Raymond A.

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Numarine comments on fatal accident during yacht construction

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Numarine comments on fatal accident during yacht construction appeared first on Insurance Marine News.

Marine 52
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Risk Strategies Acquires Michigan’s Comprehensive Benefits, Gabrielson Insurance

Insurance Journal

Risk Strategies announced the acquisition of Comprehensive Benefits, Inc. and Gabrielson Insurance & Financial Services, both located in the Greater Detroit area.

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Haven Knox-Johnston launches new marine trade insurance policy

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Haven Knox-Johnston launches new marine trade insurance policy appeared first on Insurance Marine News.

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Exposed Utility Wires May Have Contributed To LA’s Eaton Fire, Law Firm Says

Insurance Journal

A law firm representing victims of the Eaton Fire in Los Angeles has submitted photos with a legal filing on Wednesday that appear to show exposed wire at the base of a Southern California Edison tower that the firm alleges …

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Developing a Local Search Marketing Strategy

Tosten Marketing

Local search marketing is a game-changer for businesses aiming to attract nearby customers. It’s not just about being visible online; it’s about being found by the right people at the right time. At Tosten Marketing, we’ve seen firsthand how a solid local search marketing strategy can transform an insurance agency’s online presence and client base.