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
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.
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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 Shipowners Club welcomes latest revision of UK Towage Conditions appeared first on Insurance Marine News.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
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
This column is written primarily for insurance professionals, though I hope that the information I include is helpful to practitioners when communicating with prospects and insureds.
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
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 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 Ezra Amacher The topic of nuclear verdicts took center stage at this year’s Target Markets Annual Summit in Scottsdale, Arizona, where a panel of carriers and reinsurers discussed rising settlement costs amidst an uncertain litigation environment.
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
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.
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.
Insurance Journal
NOVEMBER 17, 2024
A Pasco farm labor contractor faces nearly $140,000 in fines for violations uncovered during a Washington State Department of Labor & Industries investigation that include withholding information from worker.
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
Sotheby’s Inc. agreed to pay $6.25 million to settle a New York state lawsuit that accused it of advising wealthy clients they could avoid sales taxes by falsely claiming they were buying art for resale purposes.
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 Marine round-up : 18th November 2024 appeared first on Insurance Marine News.
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.
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
Chubb recorded an 11.7% increase in P/C underwriting income with a combined ratio of 87.7 as part of third quarter net income of about $2.2 billion, up 13.8%. CEO Evan G.
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
It was an inside job, one that cost an insurance company in Florida more than $1.1 million, authorities said.
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
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
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
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 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 Journal
NOVEMBER 17, 2024
The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S.
Insurance Journal
NOVEMBER 17, 2024
The insurance industry is facing a significant rise in roof-related claims.
Insurance Journal
NOVEMBER 17, 2024
Legal and social issues have put corporate America’s diversity efforts on defense like never before. But despite the scrutiny, diversity, equity and inclusion programs continue to receive high marks from employees, according to a recent survey from The Conference Board.
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 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.
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