Insurance Journal
JANUARY 22, 2025
The U.S. Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in history.” Weeks after a U.S.
Property Insurance Coverage Law
JANUARY 22, 2025
I am snowed in after taking the deposition of a 1099 temporary claims adjuster in South Carolina. Much of his testimony has me thinking about the plight of the modern independent claims adjuster doing catastrophe work. During his deposition, the independent catastrophe adjuster said he had asked to have his claims load reduced. Management did … The post Are Catastrophe Claims Adjusters Being Overworked, Provided Too Many Losses to Properly Handle, Provided Wrong Directions to Adjust Losses
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Insurance Journal
JANUARY 22, 2025
After Hurricane Milton swept through parts of southwestern Florida in October, aerial drone images showed condominium buildings with large sections of their roof membranes peeled back like blankets on a beach, exposing the buildings to water intrusion.
Property Insurance Coverage Law
JANUARY 22, 2025
I am snowed in after taking the deposition of a 1099 temporary claims adjuster in South Carolina. Much of his testimony has me thinking about the plight of the modern independent claims adjuster doing catastrophe work. During his deposition, the independent catastrophe adjuster said he had asked to have his claims load reduced. Management did … The post Are Catastrophe Claims Adjusters Being Overworked, Provided Too Many Losses to Properly Handle, Provided Wrong Directions to Adjust Losses
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Insurance Journal
JANUARY 22, 2025
New estimates peg insured losses to property from the Palisades and Eaton fires in Los Angels together will fall between $28 billion and $35 billion, which includes losses to the California FAIR Plan.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
JANUARY 22, 2025
While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion and $45 billion.
Relation
JANUARY 22, 2025
As a vineyard owner, safeguarding your crops against unforeseen events is crucial. The Federal Crop Insurance deadline is fast approaching on January 31, with coverage commencing on February 1. This insurance is essential for protecting your vineyard from potential losses due to natural disasters, pests, or diseases. What’s new in Crop Insurance for 2025: Enhanced […] The post Protect Your Vineyard: Federal Crop Insurance Deadline appeared first on Relation Insurance.
Insurance Journal
JANUARY 22, 2025
India widened backing for Russian insurers as the largest buyer of Moscow’s seaborne crude strives to keep discounted barrels flowing, after the US imposed fresh sanctions earlier this month.
Splash: Finance and Insurance
JANUARY 22, 2025
Norwegian OSV owner and operator Havila Shipping is disputing allegations of default that have been made by three different banks. As part of Havila’s restructuring deal, three banks and bondholders had planned to have their debt settled by the end of 2024.
Insurance Journal
JANUARY 22, 2025
Among natural disasters, wildfires are the great unknown. Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate change.
The Insurance Pro
JANUARY 22, 2025
There are so many questions about what taxes one must pay on life insurance proceeds. But one that we get a lot is, do you pay taxes on life insurance payout? The subject can be a bit intimidating for a lot of people so we decided to put together a quick reference guide on how. Keep Reading The post Do You Pay Taxes on Life Insurance Payout? appeared first on The Insurance Pro Blog.
Insurance Journal
JANUARY 22, 2025
Microsoft’s LinkedIn has been sued by Premium customers who said the business-focused social media platform disclosed their private messages to third parties without permission to train generative artificial intelligence models.
Relation
JANUARY 22, 2025
As a vineyard owner, safeguarding your crops against unforeseen events is crucial. The Federal Crop Insurance deadline is fast approaching on January 31, with coverage commencing on February 1. This insurance is essential for protecting your vineyard from potential losses due to natural disasters, pests, or diseases. What’s new in Crop Insurance for 2025: Enhanced […] The post Protect Your Vineyard: Federal Crop Insurance Deadline Approaching appeared first on Relation Insurance.
Insurance Journal
JANUARY 22, 2025
The Travelers Cos. said fourth quarter 2024 and full year net income increased 28% and 67% on string underlying underwriting results. Travelers posted fourth quarter net income of about $2.1 billion compared to about $1.
Wren Insurance Agency
JANUARY 22, 2025
The California wildfires have been devastating. So far more than 12,000 homes and businesses have been destroyed, dozens of people have lost their lives and tens of thousands of acres continue to burn. It's hard to imagine the enormous impact this tragic event will have on the state's insurance industry. Some are estimating the event to cost California carriers more than $40 Billion… and the fires continue to rage on.
Insurance Journal
JANUARY 22, 2025
AXA XL is partnering with London GreenCity, the UK’s first accelerator for development-stage climate tech entrepreneurs, to offer expertise in insurance and risk management to the accelerator’s members.
PSM Brokerage
JANUARY 22, 2025
In todays digital-first world, online reviews are a cornerstone of credibility and trust for any business, including insurance agencies. Potential clients often turn to platforms like Google and Yelp to gauge your reputation before reaching out. Reviews not only boost your credibility but also enhance your local search engine rankings, making it easier for prospects to find you.
Insurance Journal
JANUARY 22, 2025
Proposed legislation aimed at protecting South Dakota farmers from potential “agro-terrorism” activities could have a secondary effect of limiting access to some information about the state’s largest animal feeding operations.
PSM Brokerage
JANUARY 22, 2025
In todays competitive landscape, standing out as an insurance agent requires more than great productsit demands a robust local marketing strategy that connects you with your community. Leveraging local SEO and other targeted marketing techniques can help you attract high-quality leads, build trust, and grow your business efficiently. In this guide, well explore actionable strategies to help insurance agents master local marketing, from optimizing your online presence to engaging with your commun
Insurance Journal
JANUARY 22, 2025
Texas regulators have completed the first overhaul of oilfield waste rules in over 40 years.
Distinguished
JANUARY 22, 2025
Distinguished offers a Renewal Certificate Endorsement , now available for eligible Contractor’s Pollution Legal Liability Plus (CPL) and Contractor’s Pollution & Professional Legal Liability Plus (CPPL) policies. Designed to simplify renewals, it streamlines the process, making it effortless to bind and retain profitable contractors business year after year.
Insurance Journal
JANUARY 22, 2025
Average workers’ compensation loss costs for the voluntary market in Tennessee will drop by 3.6% starting March 1, marking the 12th straight year for decreases in the state.
Distinguished
JANUARY 22, 2025
Distinguished offers a Renewal Certificate Endorsement , now available for eligible Contractor’s Pollution Legal Liability Plus (CPL) and Contractor’s Pollution & Professional Legal Liability Plus (CPPL) policies. Designed to simplify renewals, it streamlines the process, making it effortless to bind and retain profitable contractors business year after year.
Insurance Journal
JANUARY 22, 2025
A federal judge on Tuesday rejected Citigroup’s bid to dismiss a lawsuit by New York Attorney General Letitia James claiming it failed to protect customers from online scammers and refused to reimburse customers who were victimized. U.S.
Insurance Marine News
JANUARY 22, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 23rd January 2025 appeared first on Insurance Marine News.
Insurance Journal
JANUARY 22, 2025
A cannabis growing company has lost its bid to have its insurer cover $1.3 million in claimed business income losses after a building fire damaged almost 1,000 of its marijuana plants and shuttered one of its “flowering” rooms.
Insurance Marine News
JANUARY 22, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post One dead, three injured after Barcelona Port explosion appeared first on Insurance Marine News.
Insurance Journal
JANUARY 22, 2025
Winter Storm owyn is gathering strength, supercharged by the Arctic blast that moved through the US, and has the potential to trigger power outages and travel disruptions across the UK later this week.
Insurance Marine News
JANUARY 22, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post AM Best revises outlook for The Swedish Club to stable from negative, rating unchanged appeared first on Insurance Marine News.
Insurance Journal
JANUARY 22, 2025
Italian insurer Societa Reale Mutua di Assicurazioni is looking to expand in Europe through acquisitions and it’s ready to consider deals of up to 1 billion ($1 billion) to make it happen.
Insurance Marine News
JANUARY 22, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine War Risks market remains turbulent, says broker Gallagher appeared first on Insurance Marine News.
Insurance Journal
JANUARY 22, 2025
An international institute that seeks to improve the safety of reservoirs that store toxic waste from mining known as tailings kicked off Tuesday, six years after the collapse of a dam owned by Vale SA killed 272 people in the …
Insurance Marine News
JANUARY 22, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post MSC will still avoid Red Sea for now appeared first on Insurance Marine News.
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