Thu.Jan 30, 2025

article thumbnail

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.

article thumbnail

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 179
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

Policy 306
article thumbnail

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 155
article thumbnail

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

article thumbnail

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.

Insurer 259

More Trending

article thumbnail

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 247
article thumbnail

Crafting Compelling Content for Insurance Agency Websites

Neilson Marketing Services

The digital space is crowded, and insurance agencies are vying for attention in an industry where trust and expertise matter most. A well-crafted insurance agency website is an essential tool for building credibility, attracting potential clients, and converting leads. With 90% of companies having a defined content marketing strategy, insurance agencies need compelling, informative, and uniquely positioned content to stand out.

article thumbnail

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.

234
234
article thumbnail

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 95
article thumbnail

Marsh McLennan Reports Organic Growth of 7% During Q4 and Full-Year 2024

Insurance Journal

Marsh McLennan reported fourth quarter net income of $788 million, compared with $756 billion during Q4 2023. For the full-year 2024, MMC had net income of $4.1 billion, compared with $3.8 billion reported for FY 2023.

article thumbnail

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 85
article thumbnail

American Airlines Plane Collision Leaves No Hope for Survivors

Insurance Journal

The collision between an American Airlines Group Inc.

228
228
article thumbnail

Blog Post: Is AI Innovation on the Decline in 2025?

LexisNexis

By Madison Johnson, Esq. | Manager, Large Markets Big Law is coming off a highly profitable year in 2024, and one implication of this financial success is the generation of cash flow that can be invested in technology innovations to improve performance and efficiency. Legal experts predict that a leading target for these investments will be generative artificial intelligence (Gen AI) solutions.

article thumbnail

EU Says Drive to Simplify Will Not Weaken Climate Agenda

Insurance Journal

The European Union’s drive to simplify rules will not weaken the bloc’s climate change goals, European Commission President Ursula von der Leyen said.

228
228
article thumbnail

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 82
article thumbnail

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 227
article thumbnail

Blog Post: California: Bullet Proof Your “Substantial Medical Evidence”

LexisNexis

By Hon. Colleen Casey, Former Commissioner, California Workers Compensation Appeals Board Substantial Medical Evidence is a ubiquitous catch-all phrase. When does it exist? When is it required for a legal determination? Theres even controversy over what type of medical report might be given more weight than a similarly situated report, even if both are considered substantial medical evidence.

Injury 75
article thumbnail

Net Income at Selective Insurance Drops on Unfavorable Casualty Reserve Development

Insurance Journal

Selective Insurance Group reported a 24% drop in fourth quarter 2024 net income as its chief executive admitted the year did “not meet expectations.” Fourth quarter net income was $93.2 million compared to $122.5 million a year ago.

Insurer 223
article thumbnail

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
article thumbnail

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.

article thumbnail

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
article thumbnail

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.

Risk 216
article thumbnail

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.

52
article thumbnail

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.

Building 216
article thumbnail

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.

article thumbnail

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.

216
216
article thumbnail

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
article thumbnail

How Competitive Is E&S Property? Exec Views Vary

Insurance Journal

E&S property insurance market conditions were a recurring talking point on two recent earnings conference calls, but the leaders of specialty insurers offering commentary were not perfectly in lockstep in their assessments of the competitive landscape. At RLI Corp.

article thumbnail

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
article thumbnail

Theft and Violence in UK Retail Soar to Record Levels, Survey Shows

Insurance Journal

Theft and violence against retail workers in Britain soared to record levels last year and are “out of control,” driven partly by criminal gangs, according to a report published on Thursday.

Theft 191
article thumbnail

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
article thumbnail

Fortress Targets $1 Billion for Latest Litigation Finance Fund

Insurance Journal

Fortress Investment Group is seeking to raise about $1 billion for its latest fund in litigation finance, a sector in which it’s becoming a powerhouse, according to people familiar with the matter.

187
187
article thumbnail

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