Insurance Journal
JULY 25, 2024
Uber Technologies Inc. and Lyft Inc. can keep classifying California drivers as independent contractors, after the state’s top court said a company-backed law passed by voters doesn’t wrongly curtail the legislature’s power over worker protections.
Central Insurance
JULY 25, 2024
LRO insurance provides comprehensive protection against commercial property damage, liability claims, and income loss. In this article, we explore the key differences between LRO and general liability insurance and why commercial landlords need to have this coverage. The post What is LRO Insurance? appeared first on Central Insurance Blog.
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Insurance Journal
JULY 25, 2024
The U.S. Federal Trade Commission has launched a study of products that could allow companies to set different prices for consumers based on their locations, past purchases, and other personal data.
The Property Insurance Law Observer
JULY 25, 2024
The recent decision of Marcantel v. State Farm Fire , No. 2:22-CV-01511, 2024 U.S. Dist. LEXIS 111077 (W.D. La. June 24, 2024) offers valuable lessons for policyholders regarding the importance of cooperation in the insurance claims process. In Marcantel , the plaintiff suffered damage from Hurricane Laura at two properties in Louisiana. Both properties were insured by State Farm under policies that required the plaintiff to comply with certain “Duties After Loss,” which included exhibiting the
Insurance Journal
JULY 25, 2024
ZestyAI, a provider of climate and property risk analytics solutions powered by artificial intelligence (AI), announced it has received approval for use in rating and underwriting from the Texas Department of Insurance for its complete suite of Severe Convective Storm …
Frankenmuth Insurance
JULY 25, 2024
Did you know 75% of businesses in the United States are underinsured by 40% or more? To ensure yours isn’t one of them, having the right coverage in place is key. Wondering what is the best type of insurance for a small business like yours? Your local, independent agent is here to help you decide. They’ll get to know you, your operations, and any areas of risk or need.
Insurance Journal
JULY 25, 2024
Houston residents could see a greater discount on their federal flood insurance premiums as soon as next spring after the Houston City Council on Tuesday approved a watershed master plan expected to improve the city’s class rating in FEMA’s National …
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
JULY 25, 2024
Philippine authorities are rushing to contain an oil spill from a tanker that sank early Thursday, killing one crew member, after Typhoon Gaemi battered the nation. A Philippine-flagged tanker carrying 1.4 million liters of industrial fuel oil capsized 3.
ProWriters
JULY 25, 2024
According to chief information security officers (CISOs), in 2023, three out of four U.S. companies faced the risk of a significant cyber attack. Analysts project cyber crime to cost the U.S. more than $452 billion in 2024, potentially reaching $1.8 trillion by 2028. For most companies, a cyber breach isn’t a question of if but when. So, how should your business clients handle a breach?
Insurance Journal
JULY 25, 2024
Typhoon Gaemi lashed towns on China’s coastal Fujian province on Friday with heavy rains and strong winds as the most powerful storm to hit the country this year began its widely watched trek into the populous interior.
Majesco
JULY 25, 2024
Knowledge is no longer just power — it’s business gold. Advanced analytics in insurance, when coupled with the right data, can identify new customers, drive operational improvements, or create better claims outcomes. We’ve moved from reporting and business intelligence dashboards to analytic solutions that can adapt and organize data based on what it is seeing and experiencing.
Insurance Journal
JULY 25, 2024
Two fishermen are safe after a whale crashed onto their boat, capsizing it off the New Hampshire shore, according to the U.S. Coast Guard. The incident occurred Tuesday near Odiorne Point State Park in Rye.
Insurance Journal
JULY 25, 2024
GAINESVILLE, Fla. (AP) — Florida coach Billy Napier and two co-defendants on Tuesday filed motions to dismiss quarterback Jaden Rashada’s lawsuit regarding a failed name, image and likeness deal worth nearly $14 million.
Insurance Journal
JULY 25, 2024
Despite challenges posed by inflation, market volatility and rapidly changing technologies, independent agents remain positive about their businesses and report more optimistic perceptions of national business conditions than in 2023.
Insurance Journal
JULY 25, 2024
This edition of International People Moves details appointments at Marsh, Berkshire Hathaway Specialty Insurance (BHSI) and the re/insurer IQUW. A summary of these new hires follows here.
Insurance Journal
JULY 25, 2024
A raging wildfire has devastated the western Canadian tourist town of Jasper, potentially destroying up to 50% of structures, and firefighters were trying Thursday to save as many buildings as possible, authorities said.
Insurance Journal
JULY 25, 2024
Executives of two property/casualty insurance organizations—Kinsale Insurance and the U.S. P/C operations of Arch Capital—shared their recipes for success with an analyst who crowned their companies as performance leaders during a recent industry webinar.
Insurance Journal
JULY 25, 2024
Global insured losses from last week’s massive IT outage are likely to range from $400 million to $1.5 billion, cyber analytics firm CyberCube said on Thursday.
Insurance Journal
JULY 25, 2024
An explosion and fire erupted inside a tequila factory Tuesday, killing at least five workers and injuring two others at the site in the liquor’s namesake town in Jalisco state, Mexican authorities said.
Insurance Journal
JULY 25, 2024
NIAGARA FALLS, N.Y. (AP) — A freight locomotive ran off the end of its track and smashed into the side of a garage Monday at a home in the city of Niagara Falls.
Insurance Journal
JULY 25, 2024
The ACLU of Texas said Wednesday it found 51 school districts in violation of the Texas CROWN Act, which bans race-based hair discrimination, and urged them to update their dress code policies.
Insurance Journal
JULY 25, 2024
A bankruptcy judge on Wednesday approved a settlement between the joint venture building Exxon Mobil Corp.’s $10 billion gas export project in Texas and lead contractor Zachry Holdings Inc., allowing other companies to finish work on the plant.
Insurance Journal
JULY 25, 2024
The Iowa Insurance Commissioner Doug Ommen was appointed the receiver of Beckstone Partners, LLC (Beckstone), DesFined, LLC (DesFined), East King Management, LLC, and The Corporate Leasing Company, LLC to wind down the operation of the businesses and marshal the remaining …
Insurance Journal
JULY 25, 2024
Maine is providing more than $21 million in grants to help dozens of waterfront communities rebuild from a series of devastating storms this past winter.
Insurance Journal
JULY 25, 2024
WTW reported second quarter net Income of $142 million, an increase of 48% compared to net income of $96 million in the prior-year second quarter.
Insurance Journal
JULY 25, 2024
California’s indoor heat protections were approved and went into effect this week. The rules apply to most indoor workplaces.
Insurance Journal
JULY 25, 2024
CHICAGO (AP) — Temarkus Washington says the sexual abuse he experienced as a teenager at a troubled Chicago youth detention center still gives him nightmares.
Insurance Journal
JULY 25, 2024
Allstate’s National General auto insurance brand has been sued by the U.S. Department of Justice over allegation that National General and subsidiaries “engaged in a scheme to defraud customers” by putting its insurance product onto vehicles financed by Wells Fargo.
Insurance Journal
JULY 25, 2024
he Rev. John Parks was taking his first sabbatical in 40 years of ministry when he got a call from his church’s accountant with some bad news. Church Mutual, the church’s insurance company, had dropped them.
Insurance Journal
JULY 25, 2024
A New Mexico woman pleaded guilty in federal court for an armed robbery of a Gallup insurance agency.
Insurance Journal
JULY 25, 2024
Gainesville, Florida-based King Insurance Partners has acquired Barnette and Coates Inc., an agency in Henderson, North Carolina. Principal Jimmy Barnette said in a news release that the move will allow the agency to expand its access to resources and expertise.
Insurance Journal
JULY 25, 2024
Julie Haase has been named executive vice president and chief financial officer of Liberty Mutual Insurance, effective Jan. 1, 2025. Haase is currently executive vice president, executive managing director and chief operating officer of Liberty Mutual Investments.
Insurance Journal
JULY 25, 2024
The West Virginia insurance commissioner is reminding all state and local governments and non-profit organizations that they could face penalties if they fail to obtain flood insurance on properties in flood hazard areas.
Insurance Journal
JULY 25, 2024
OAK BROOK, Ill. (AP) — An Oscar Mayer Wienermobile got into a pickle on a Chicago highway.
Insurance Journal
JULY 25, 2024
A wildfire that started Wednesday near Chico, California grew quickly to 45,549 acres overnight to become the state’s largest active blaze.
Insurance Journal
JULY 25, 2024
ST. PAUL, Minn. (AP) — A former adjunct professor on Monday settled a federal religious discrimination lawsuit against a private Minnesota school after she was pushed out for showing a depiction of the Prophet Muhammad in class.
Insurance Journal
JULY 25, 2024
PCF Insurance Solutions announced it has acquired the insurance business of Weslaco, Texas-based Montalvo Insurance Agency. Montalvo offers personal and commercial insurance coverage including homeowners, auto, general and professional liability, workers’ compensation and bonds.
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