Insurance Journal
NOVEMBER 17, 2024
By Andrew Simpson A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy.
Property Insurance Coverage Law
NOVEMBER 17, 2024
Do you know the historical origins of a property insurance policy’s proof of loss requirement? I love my fellow property insurance coverage nerd readers of this blog. One of them, attorney Tom Hamrick, wrote a comment to Insurance Company’s Two-Year Claims Handling Waives Proof of Loss Requirement: There’s a good deal of confusion as to … The post Where Did the Proof of Loss Requirement in a Property Insurance Policy Originate?
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Insurance Journal
NOVEMBER 17, 2024
The insurance industry is facing a significant rise in roof-related claims.
ProWriters
NOVEMBER 17, 2024
Thirty-five years ago, subscribers to a World Health Organization AIDS conference list received a floppy disk in the mail. Ostensibly a survey, the disk actually delivered the earliest documented ransomware file. The file infected the host computer’s operating system. After a certain number of boot-ups, it encrypted the file names on the machine’s hard drive.
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Insurance Journal
NOVEMBER 17, 2024
It was an inside job, one that cost an insurance company in Florida more than $1.1 million, authorities said.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
NOVEMBER 17, 2024
1. Get Out of the Office. Attend events where you can mingle and meet people. 2. Be a Guest. Reach out to local organizations that may be looking for guest speakers for luncheons and meetings.
Insurance Marine News
NOVEMBER 17, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Gigantic emissions control area proposed appeared first on Insurance Marine News.
Insurance Journal
NOVEMBER 17, 2024
Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’ losses in Hurricanes Helene and Milton. But that won’t trigger a surcharge on premiums.
Insurance Marine News
NOVEMBER 17, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post The zombie ship challenge appeared first on Insurance Marine News.
Insurance Journal
NOVEMBER 17, 2024
T-Mobile US Inc.’s network was among those recently breached by Chinese hackers in an attack on multiple telecommunications companies. “T-Mobile is closely monitoring this industry-wide attack,” a company spokesperson said Saturday in an emailed statement.
Insurance Marine News
NOVEMBER 17, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post DNV Maritime says shipping needs to improve training to keep up with cyber risks appeared first on Insurance Marine News.
Insurance Journal
NOVEMBER 17, 2024
Delaware Insurance Commissioner Trinidad Navarro announced that workers’ compensation insurance rates will decrease for the eighth year in a row, effective December 1. The voluntary market is expected to decrease average loss costs by 8.
Insurance Marine News
NOVEMBER 17, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Shipowners Club welcomes latest revision of UK Towage Conditions appeared first on Insurance Marine News.
Insurance Journal
NOVEMBER 17, 2024
A U.S. labor board whose enforcement powers are being challenged in a series of lawsuits is set to defend itself from attacks by Amazon.com and Elon Musk’s SpaceX in a conservative U.S.
Insurance Marine News
NOVEMBER 17, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post NZ Navy boss receives interim report into Manawanui disaster appeared first on Insurance Marine News.
Insurance Journal
NOVEMBER 17, 2024
By L.S. Howard AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 — a five-year high that was driven mainly by favorable investment income and strong underwriting performance.
Insurance Marine News
NOVEMBER 17, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post CMA CGM decides after all not to put INDAMEX service through Suez Canal appeared first on Insurance Marine News.
Insurance Journal
NOVEMBER 17, 2024
The insurance industry is in the midst of a digital revolution, with artificial intelligence (AI) at the heart of it.
Insurance Marine News
NOVEMBER 17, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Greece arrests master after cargo ship runs aground appeared first on Insurance Marine News.
Insurance Journal
NOVEMBER 17, 2024
By Andrea Wells Predictions of a softer insurance pricing market are on the horizon. Perhaps not in early 2025, but there’s no question the market is stabilizing from the high prices the sector has seen in recent years.
Insurance Marine News
NOVEMBER 17, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New CUO at Steamship Mutual is one of several changes, plus new US/Canada company appeared first on Insurance Marine News.
Insurance Journal
NOVEMBER 17, 2024
Just because a carrier’s form shows the policyholder has XYZ Coverage does not necessarily mean they have XYZ Coverage in the real world. And yet, I find that few agents understand or know this.
McMahon Insurance Agency
NOVEMBER 17, 2024
Hurricanes are powerful and destructive natural disasters that can cause widespread damage to homes, infrastructure, and communities.
Insurance Journal
NOVEMBER 17, 2024
The reclassification of independent contractors has become a major national issue, and California’s AB5 law has positioned itself at the center of this conversation.
American Agents Alliance
NOVEMBER 17, 2024
The changing climate brings unprecedented challenges to the insurance industry, especially to insurance professionals working in high-risk areas like California. Rising temperatures, extended periods of drought, and the increasing frequency and severity of wildfires and other severe storms are reshaping insurance coverage and policyholder needs. These changing environmental risks also bring heightened E&O exposure for independent P&C agents and brokers, particularly as policyholders rely
Insurance Journal
NOVEMBER 17, 2024
This post is part of a series sponsored by Selectsys. In the fast-paced and ever-evolving insurance landscape, carriers, MGAs, and wholesalers are constantly seeking ways to improve efficiency, reduce costs, and streamline operations without sacrificing quality.
Insurance Marine News
NOVEMBER 17, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Mass claim after norovirus outbreak on P&O Cruises vessel appeared first on Insurance Marine News.
Insurance Journal
NOVEMBER 17, 2024
By William Rabb A recent photograph of destruction left by Hurricane Milton’s wind tells the story: An entire roof section on a residential complex in Bradenton, Florida – including rafters and ceiling joists – was ripped off, exposing people’s abodes …
Insurance Journal
NOVEMBER 17, 2024
A federal judge in Texas on Friday permanently blocked a Biden administration rule that would have made about 4 million more salaried U.S. workers eligible for overtime pay. U.S. District Judge Sean Jordan in Sherman, Texas, said the U.S.
Insurance Journal
NOVEMBER 17, 2024
LOUISVILLE, Ky. (AP) — The president of a Kentucky plant that exploded earlier this week said the company is accountable for the accident and will pay damages to residents affected by the blast.
Insurance Journal
NOVEMBER 17, 2024
Deductibles serve several purposes. They provide some premium relief for the insured.
Insurance Journal
NOVEMBER 17, 2024
Elon Musk is ramping up his feud with Sam Altman, alleging in a court filing that OpenAI is trying to corner the market for generative artificial intelligence and sacrificing safety in a race to get ahead.
Insurance Journal
NOVEMBER 17, 2024
An analysis of the claims paid out after the Gray and Oregon Road fires in Washington last year found that most of the homes destroyed were underinsured.
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