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