Fri.Mar 21, 2025

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Colorado’s Cooperation Code: A Win for Policyholders That Didn’t Pay Off

Property Insurance Coverage Law

Colorados Cooperation Law, enshrined inC.R.S. 10-3-1118, was designed to protect policyholders from unfair denials based on alleged failures to cooperate. It sets a clear legal standard: If an insurer wants to rely on a non-cooperation defense, it must first follow a series of procedural steps, including sending formal written notice, giving the insured time … The post Colorados Cooperation Code: A Win for Policyholders That Didnt Pay Off appeared first on Property Insurance Coverage Law

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Markets/Coverages: MS Amlin Binds Reinsurance Facility to Cover Ukraine’s SMEs

Insurance Journal

MS Amlin, the Lloyd’s global re/insurer, has bound a reinsurance scheme that could provide up to 1 billion (US$1.1 billion) in cover annually for Ukraine’s small-and-mediums-sized enterprises (SMEs).

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Colorado’s Cooperation Code: A Win for Policyholders That Didn’t Pay Off

Property Insurance Coverage Law

Colorados Cooperation Law, enshrined inC.R.S. 10-3-1118, was designed to protect policyholders from unfair denials based on alleged failures to cooperate. It sets a clear legal standard: If an insurer wants to rely on a non-cooperation defense, it must first follow a series of procedural steps, including sending formal written notice, giving the insured time … The post Colorados Cooperation Code: A Win for Policyholders That Didnt Pay Off appeared first on Property Insurance Coverage Law

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Flags of questionable quality grow market share

Splash: Finance and Insurance

Over 5,000 vessels – equivalent to 14.5% of the global merchant fleet – operate under registries with less than 10% ratification of International Maritime Organization and the International Labour Organization conventions, increasing exposure to enforcement actions, according to new data from analytics firm Kpler.

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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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Texas Senate Passes Ban on Hemp

Insurance Journal

The Texas Senate on Wednesday passed a state ban on all forms of tetrahydrocannabinol, or THC, advancing a priority of Lt. Gov.

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Maryland Could Have Reduced Risk of Key Bridge Collapse: NTSB

Insurance Journal

The National Transportation Safety Board (NTSB) is harshly criticizing Maryland officials for failing to conduct a risk assessment of the Francis Scott Key Bridge before it collapsed a year ago and is recommending that 30 owners of 68 bridges across …

Risk 244
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Financial Planning ABCs and Adopting Sound Business Practices to Succeed as a New Insurance Agent

Word & Brown

When youre just starting out as an insurance agent, its not always obvious what your priorities should be. After you earn your license, pick your market niche, and set up your office, what else can you do to put yourself on a path to success. Consider these priorities: Review or create a personal financial plan. You can develop a financial plan on your own or with help from a professional.

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Carbon-Capture Pipeline Faces Delay After S.D. Eminent Domain Ban

Insurance Journal

The company behind an $8.9 billion carbon-capture pipeline proposed for five Midwestern states said Wednesday it wants to indefinitely delay its plans after South Dakota passed a law limiting its ability to acquire land for the project.

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New rules mandating CCTV in India

Insurance Marine News

Indias Directorate General of Shipping (DGS) documented the new requirements to fit Closed Circuit Television (CCTV) on vessels. The details are in Merchant Shipping Notice 2025/02. The purpose of the new requirements is to improve seafarer welfare, safety, and security by mandating CCTV installation on vessels. The initiative aims to enhance onboard monitoring, prevent accidents.

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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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Germany Confiscates Tanker Belonging to Russian ‘Shadow Fleet,’ Spiegel Reports

Insurance Journal

Germany has confiscated a decrepit tanker found adrift off its northern coast in January that is believed to be part of a shadow fleet used by Russia to circumvent oil sanctions, the Spiegel news magazine reported on Friday, citing security …

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Dave Matcham to retire as head of IUA after 20 years at the helm

Insurance Marine News

Chris Jones has been named as the new CEO of the International Underwriting Association (IUA). He will formally take up his responsibilities on May 1st. Dae Matcham is retiring after a London Market career of 45 years, including 20 years heading the IUA. Claire McDonald, Chair of the IUA and CEO of Scor Business Solutions, The post Dave Matcham to retire as head of IUA after 20 years at the helm appeared first on Insurance Marine News.

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People Moves: Marsh Names Curran US Surety Leader, Schweitzer US Construction Claims Leader; Ryan Alternative Risk Promotes Havey to President

Insurance Journal

Marsh, headquartered in New York City, appointed Fran Curran as U.S. surety leader and Todd Schweitzer as U.S. construction claims leader.

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7 Best Manchester Block of Flats Insurance Tips

Property Insurance Centre

7 Best Manchester Block of Flats Insurance Tips Manchesters property market continues to be a hotspot for buy-to-let investors , driven by strong demand, rising rents, and significant regeneration across the city. With a growing population of professionals, students, and young families, rental demand remains robust , especially in areas close to the city centre, such as Ancoats, Salford Quays, and the Northern Quarter.

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What the $660 Million Greenpeace Verdict Means for Activism

Insurance Journal

A North Dakota jury this week found Greenpeace liable for defamation, conspiracy and other claims over its participation in the Dakota Access pipeline protests that lasted from 2016 to 2017, awarding developer Energy Transfer LP $660 million in damages.

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Round-up

Insurance Marine News

The fire on board bulk carrier Solong (IMO 9322554) was reported as extinguished on March 18th, eight days after its collision with fuel carrier Stena Immaculate in the North Sea a short distance off the Humber Estuary. The UK Coastguard had been talking about small pockets of fire since March 12th. Both vessels remained in. The post Round-up appeared first on Insurance Marine News.

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US P/C Insurance Industry Income Tops $100B in 2024: Verisk, APCIA

Insurance Journal

The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA).

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EU ETS not being circumvented, says European Commission

Insurance Marine News

The European Commission (EC) has adopted a report on the implementation of the EU Emissions Trading System (ETS) for shipping that indicates there was no evidence of major changes in the market that might indicate it was being gamed. The EU ETS was extended to include maritime transport from January 1st 2024.The new report provides. The post EU ETS not being circumvented, says European Commission appeared first on Insurance Marine News.

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Heathrow Shutdown Raises Concerns Over Contingency Planning

Insurance Journal

The closure of Britain’s Heathrow Airport is set to affect the global aviation system for days at a cost of tens of millions of dollars, experts say, posing questions about why better contingency planning was not in place at the …

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Zywave Secures Five Stevie® Awards for Sales & Customer Service

Zywave

At Zywave, we believe in transforming the way insurance organizations operate. We are driven by innovation, not just for our customers, but also in our own operations. We are dedicated to continuous improvement and the highest level of customer service. As a testament to those commitments, we are thrilled to announce that we have been honored with five prestigious Stevie Awards at the 19 th annual Stevie Awards for Sales & Customer Service.

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Lloyd’s Register to Sell Modern Tower and Return to Victorian HQ

Insurance Journal

Lloyd’s Register, the maritime society formed in a London coffee house in 1760, has put its modern glass headquarters up for sale as it prepares to move back into the property built to house it more than a century ago.

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Boosting Retention and Satisfaction: The Power of Automated Customer Value Touches

Zywave

Unlock the secrets to building stronger client relationships with our on-demand webinar! Learn how to move beyond limited touchpoints like annual reviews and renewals by adopting a digital approach to automated value touches. In this session we cover: Always On Customer Service: Ensure your clients receive support whenever they need it. Automated Touchpoints: Stay in front of your clients with personalized, automated communications.

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UK Watchdog Fines London Metal Exchange Over Handling of 2022 Nickel Crisis

Insurance Journal

Britain’s financial regulator fined the London Metal Exchange on Thursday for allowing nickel prices to surge out of control three years ago in the first ever enforcement action against a UK exchange.

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Life Insurance for Cancer Patients & Survivors: How to Get Affordable Coverage

RiskQuoter

Are you worried about finding life insurance after a cancer diagnosis? You’re not alone – but don’t stress. This article covers life insurance for cancer […] The post Life Insurance for Cancer Patients & Survivors: How to Get Affordable Coverage appeared first on RiskQuoter.com.

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Delta Pilots Warned on Rapid Descent Before Toronto Jet Flipped

Insurance Journal

The Delta Air Lines Inc. plane that flipped over as it landed in Toronto last month was warned about its rate of descent, according to a preliminary report released Thursday by the Transportation Safety Board of Canada.

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Premiums rise at Lloyd’s for 2024, CEO Neal confident for 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Premiums rise at Lloyds for 2024, CEO Neal confident for 2025 appeared first on Insurance Marine News.

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Boosting Client Service Efficiency for Independent Agents: Transform Your Agency with EZLynx Account Summarization

Insurance Journal

This post is part of a series sponsored by EZLynx. It’s no secret that the insurance industry has been grappling with a talent shortage, and it’s creating some big challengesespecially for independent agents.

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Introducing Agency Height’s CRM: Boost Your Insurance Sales

Agency Height

Struggling to manage leads and renewals? Agency Heights built-in CRM helps insurance agents streamline operations, automate follow-ups, and grow their business.

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IMO to develop global strategy for maritime digitalization

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post IMO to develop global strategy for maritime digitalization appeared first on Insurance Marine News.

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Tesla Cited by U.S. Regulators Over Texas Worker’s Death

Insurance Journal

Federal regulators have cited Tesla 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.

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[On-Demand] Boosting Retention and Satisfaction: The Power of Automated Customer Value Touches

Zywave

[link]

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Technician Says Florida Thrill Ride Operator Ignored Safety Concerns Before Fatal Fall

Insurance Journal

ORLANDO, Fla. (AP) A maintenance technician alleged on Wednesday that he raised safety issues with the operators of a central Florida amusement ride before a 14-year-old boy fell to his death, but his concerns were never addressed.

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Trump port-fee plan will hurt US, says shipping trade group

Insurance Marine News

A plan recommended by the Office of the US Trade Representative (USTR) that was set up under the Biden administration, if executed by the current executive, to introduce fees on the use of Chinese commercial ships, would likely damage the US economy, while failing to achieve its aim of reversing Chinas current shipbuilding dominance, independent. The post Trump port-fee plan will hurt US, says shipping trade group appeared first on Insurance Marine News.