Insurance Journal

JULY 22, 2024

US severe convective storms (SCS) continued to drive global natural catastrophe losses during the first half of 2024.

Insurance 306

Insurance Insurer Insured 306

Central Insurance

JULY 22, 2024

Nevada drivers face unique risks, from extreme weather to diverse driving conditions. Learn about essential Nevada auto insurance coverages to protect yourself on the road. The post Nevada Auto Insurance: What to Consider When Covering Your Vehicles appeared first on Central Insurance Blog.

Auto Insurance 130

Auto Insurance Insurance Insurer Insured 130

Insurance Journal

JULY 22, 2024

Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley industries around the world, but the theme of policy language is reoccurring for a cyber insurance industry not known for …

Cyber 299

Cyber Policy Insurance Industry Insurance 299

Bankers Insurance

JULY 22, 2024

Westfield’s Legacy of Caring Program Partners with Westfield Insurance Agencies to Support Dozens of Nonprofits Across the Country Westfield partnered with Bankers Insurance to donate $9,500 to the American Red Cross as part of Westfield’s Legacy of Caring program. Each year, Westfield’s top independent insurance agents are invited to nominate a local nonprofit in their community to receive a donation.

Broker-Agent 64

Broker-Agent Insurance Insurer Insured 64

Advertiser: Trellis

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

Insurance Claim

Insurance Journal

JULY 22, 2024

Delta Air Lines Inc. expects to cancel more flights this week as the carrier tries to recover from a crippling technology outage.

Business Interruption 287

Business Interruption Cyber 287

Insurance Journal

JULY 22, 2024

Communities in southwest Florida will continue to enjoy discounts on National Flood Insurance, at least for now, after federal authorities granted a temporary reprieve to punitive actions taken over inappropriate rebuilding in floodplains.

Insurance 279

Insurance Insurer Insured Building 279

Wren Insurance Agency

JULY 22, 2024

When you purchase your first home, if you are using a mortgage lender to finance your investment, you'll learn that your property taxes and home insurance fees are going to be included in your monthly mortgage amount. Property taxes are paid in arrears and homeowners insurance is paid in advance. So… when you first purchase your home, you will have already secured an insurance policy and that amount will be factored into your monthly payments to the mortgage company moving forward.

Insurance 53

Insurance Insurer Insured Premium 53

Insurance Journal

JULY 22, 2024

A half-dozen Maui wildfire victims sued a group of insurers, including State Farm and Allstate, accusing them of throwing a wrench into a tentative $4 billion deal to settle their claims.

Claim 279

Claim Insurance Insurer Insured 279

Distinguished

JULY 22, 2024

To their owners, collectibles are not just objects — they’re tangible pieces of history and culture and a direct reflection of their passions.  However, the very qualities that make collectibles so precious also expose them to unique risks. Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble.

Insurance 52

Insurance Insurer Insured Policy 52

Insurance Journal

JULY 22, 2024

The Pennsylvania Insurance Department (PID) reported that it has saved consumers $98.3 million in annual auto, home and other property/casualty insurance premiums in the first six months of 2024 through its review of insurance company rate filings.

Casualty Insurance 276

Casualty Insurance Premium Insurance Companies Insurance 276

American Agents Alliance

JULY 22, 2024

Sales and marketing efforts are a part of every agent’s business. Using marketing strategies that align your agency to the local market can help an agent grow locally. Try some of these ideas to help develop your local agency business. Marketing Strategies Designed for Local Markets Customers who reside in or do business in your local area often form a major part of your customer base.

Insurance Agency 52

Insurance Agency Broker-Agent Agents Insurance 52

Insurance Journal

JULY 22, 2024

WASHINGTON (AP) — The Treasury Department is warning that state laws that restrict banks from considering environmental, social and governance factors could harm efforts to address money laundering and terrorism financing.

Risk 269

Risk Insurer Insured Insurance 269

The Insurance Pro

JULY 22, 2024

A number of years ago, we stopped regularly updating various analyses we performed on the insurance industry. This, of course, brought on questions. What motivated our decision to end this practice? Was there some objective we sought to accomplish by ignoring it? Perhaps the data was no longer supporting our narrative about a strong industry. Keep Reading The post 2023 Whole Life Company Asset Yield Trend appeared first on The Insurance Pro Blog.

Insurance Industry 52

Insurance Industry Insurance Insurer Insured 52

Insurance Journal

JULY 22, 2024

Thousands of people in the Houston area were still without power more than a week after Hurricane Beryl tore through the fourth-largest US city.

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Triple-I: Workers Compensation

JULY 22, 2024

By Max Dorfman, Research Writer, Triple-I For the last 35 years, the National Conference of Insurance Guaranty Funds (NCIGF) – an organization dedicated to serving 55 property/casualty state guaranty funds – has provided operational support; communications, education, and outreach; as well as public policy management for these organizations. State guaranty funds make up a privately funded, nonprofit state-based national system that pays covered claims up to a state’s legally allowable limits, pr

Workers Compensation 52

Workers Compensation Insurance Insurer Insured 52

Insurance Journal

JULY 22, 2024

A federal judge has ruled that a wholesale insurance agent’s claim against a retail agent for allegedly misrepresenting the exposure of an insured regarding violations of the federal telemarketing law should proceed to trial.

Agents 264

Agents Insurance Agent Insurance Agents Claim 264

Corvus

JULY 22, 2024

Recent incidents at Change Healthcare and CDK illustrate the significant impact third-party technologies and service providers can have on organizations when they face disruptions or failures. These events serve as reminders of the vulnerabilities inherent in an organization’s reliance on external partners. The Corvus claims team has observed an increasing trend of incidents related to third-party breaches.

Risk 40

Risk Building Claim 40

Insurance Journal

JULY 22, 2024

Had John’s Disposal Service Inc. and John’s Recycling Inc.

Injury 264

Injury 264

Insurance Journal

JULY 22, 2024

Patchy progress on implementing reforms to make money market funds and other types of “non banks” safer has left the global financial system vulnerable to more shocks, the G20’s risk watchdog said on Monday.

Risk 264

Risk 264

Insurance Journal

JULY 22, 2024

VIENNA, Ohio (AP) — A plane trying to make an emergency landing at an airport in northeastern Ohio crashed, killing all three people aboard, authorities said.

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Insurance Journal

JULY 22, 2024

Insurer Allianz SE expects to pay German winemakers tens of millions of euros in insurance claims this year after many vineyards lost their entire harvest to heavy frosts.

Damage 264

Damage Insurance Claim Claim Insurance 264

Insurance Journal

JULY 22, 2024

This edition of International People Moves details appointments at insurance broker WTW and the re/insurer Everest Group. A summary of these new hires follows here.

Risk 264

Risk Insurance Broker Broker Claim 264

Insurance Journal

JULY 22, 2024

ST. PETERSBURG, Fla.

Property Insurance 264

Property Insurance Risk Insurer Insurance 264

Insurance Journal

JULY 22, 2024

The law firms leading class-action litigation against PacifiCorp over the 2020 Labor Day weekend wildfires in Oregon want to examine whether the utility owned by Warren Buffett’s Berkshire Hathaway is colluding with other law firms to reach lowball settlements with …

Damage 264

Damage Liability Insurer Insured 264

Insurance Journal

JULY 22, 2024

Federal and state officials are developing plans to respond to an oil sheen in the Gulf of Mexico tied to an abandoned platform at least eight miles off the Texas coast.

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Insurance Journal

JULY 22, 2024

Britain’s insurers set out plans on Monday on how to channel billions of pounds freed up from their safety buffers into infrastructure such as EV charging stations to boost growth.

Insurance 263

Insurance Insurer Insured 263

Insurance Journal

JULY 22, 2024

A fire all but destroyed the historic church sanctuary at First Baptist Dallas, sending smoke billowing over the city but causing no deaths or injuries, Dallas firefighters said.

Damage 262

Damage Injury 262

Insurance Journal

JULY 22, 2024

Elements of Friday’s global IT outage, which grounded planes and hit services from banking to healthcare, have occurred before and until more contingencies are built into networks, and organizations put better back-up plans in place, it will happen again.

Cyber 261

Cyber Risk 261

Insurance Journal

JULY 22, 2024

A commuter railroad is mostly at fault for a fiery and deadly 2015 collision between a train and an SUV at a suburban New York crossing, a jury has found in a verdict that lays out how the bill for …

Liability 261

Liability 261

Insurance Journal

JULY 22, 2024

A tanker that was involved in a collision near Singapore last week entered the area of Malaysia’s Bertam floating oil terminal on Monday morning after it was intercepted by local authorities on Sunday, shipping data from LSEG and Kpler showed.

Protection 258

Protection Liability Insurance Marine Liability 258

Insurance Journal

JULY 22, 2024

A collision that set two vessels ablaze off Singapore has underlined the growing risks in the crowded Straits of Malacca, as the dark fleet expands and lackluster Chinese demand leaves dozens of the tankers idling.

Risk 249

Risk Protection Liability Insurance Marine 249

Insurance Journal

JULY 22, 2024

This post is part of a series sponsored by PCF Insurance Services. PCF Senior Benefits Practice Leader, Jason Milz, shares some tips to help begin your journey as a Medicare licensed insurance professional.

License 244

License Insurance Insurer Insured 244

Insurance Journal

JULY 22, 2024

This post is part of a series sponsored by AgentSync. Once in a while, a would-be major catastrophe has a less catastrophic ending than expected.

Claim 227

Claim 227