Fri.Jan 31, 2025

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Inszone Acquires Texas Classic

Insurance Journal

Inszone Insurance Services announced the acquisition of Texas Classic Insurance Agency, Inc. This transaction further strengthens Inszone’s foothold in Texas and enhances its capabilities in the personal lines insurance market.

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Should You Accept Your Insurer’s Initial Wildfire Payout?

Property Insurance Coverage Law

Recent wildfires in Southern California are putting new California insurance laws to the test. Insurers conduct and behavior vary wildly, even for people who hold similar policies with the same companies. For policyholders who have suffered total losses of their homes, many are being offered differing amounts of their Dwelling benefits. For example, a homeowner … The post Should You Accept Your Insurers Initial Wildfire Payout?

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Hawaii Wildfire Victims Spared From Testifying After Deal Over $4B Settlement

Insurance Journal

Lawyers representing victims of a deadly Hawaii wildfire reached a last-minute deal averting a trial that was scheduled to begin Wednesday over how to split a $4 billion settlement.

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THE RELUCTANT AGENT

Rough Notes

How a Midwest transplant came to lead one of the best agencies in Florida By Dennis H. Pillsbury Integrity: Thats the one word I would use to describe Darren Vermost, says Mary Rivera, office manager of Vermost Insurance Agency, Largo, Florida.

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Streamline Insurance Claims Management By Analyzing Legal Trends

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

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Australia Braces for Life-Threatening Floods as Six Storms Brew

Insurance Journal

Six storms around Australia and its territories are expected to strengthen in the coming days, with one system likely to trigger life-threatening flooding in the nation’s north and three others with at least a moderate chance to form into tropical …

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Howden Said in Talks to Buy Insurance Broker Risk Strategies

Insurance Journal

Howden, one of the world’s largest closely held insurance brokers, is in talks to acquire Risk Strategies, according to people with knowledge of the matter.

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SHORTCUTS AND THE LONG GAME

Rough Notes

Human qualitiescommunication, compassion, empathyand not your efficiency are in highest demand as a leader today [A]voiding the conversations we know we need to have about the complexities we all bring with us to our work sends a message all its own .

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Willis Takes Donnelly From Marsh to Head North America Risk & Broking

Insurance Journal

Willis said it has hired veteran leader Pat Donnelly as head of risk & broking (R&B) in North America.

Risk 199
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RETURN TO OFFICE OR REMOTE WORK

Rough Notes

A four-year look back at the sustainability of remote work in the insurance industry [O]ur experiences over the past four years prove that work in the insurance industry is more flexible than we thought it could be . By Dustyne Bryant, CIC, CISR Its 2019 in the insurance industry.

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DeepSeek’s AI Restricted by ‘Hundreds’ of Companies in Days

Insurance Journal

Companies and government agencies around the world are moving to restrict their employees’ access to the tools recently released by the Chinese artificial-intelligence startup DeepSeek, according to the cybersecurity firms hired to help protect their systems.

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SYSTEMS, RESPONSIBILITIES, AND ROI: my first 90 days

Rough Notes

Tips for both the prospect and the hirer By Dean Bowen I still remember my first day at my first job. I was a paintball referee, tasked with getting the paying public to understand that, yes, their eyes are vulnerable to a small projectile fired at 250 feet per second.

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Aon Reports Organic Growth of 6% for 4th Quarter and Full-Year 2024

Insurance Journal

Aon reported net income attributable to shareholders of $716 million during the fourth quarter, a 44% increase from the $498 million reported in Q4 2023. For full-year 2024, net income attributable to shareholders increased to $2.7 billion, or $12.

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RAMPING UP WITH AI

Rough Notes

Powerbroker AI arms agents and brokers with the ability to generate new revenue streams and accelerate their training By Lori Widmer When Patrick Cooney started working at age 14 for his fathers agency, CRC, little did he realize that he would one day be running a company that powered a way for agents and brokers […]

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Texas Dairy, Poultry Producers Grapple With Bird Flu

Insurance Journal

Just as quickly as the bird flu is spreading, the virus is changing. Nearly three years ago, a flock of pheasants in Erath County became the first case of the bird flu in Texas.

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THRIVING IN THE HARD MARKET

Rough Notes

A guide for young insurance professionals and not-so-young ones, too By Heath Shearon If you have been in the insurance industry for any length of time, you have probably heard the term hard market at least 100 times.

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Brazil Insurer Porto Seguro Eyes Partners for Health Business, Sources Say

Insurance Journal

Brazilian insurance group Porto Seguro is in talks with private equity funds to possibly sell a minority stake in its health business, with discussions focusing on the strategic advantages of potential partners and valuation, two people familiar with the talks …

Insurance 173
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SPEED MENTORING

Rough Notes

Women insurance industry leaders in Massachusetts share career insights and feedback to support the next generations professional journey By Maura C. Ciccarelli Electric. Exciting. Energizing. Empowering.

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Floods in France Force Evacuations and Cut Power to Homes

Insurance Journal

Flooding caused by Storm Herminia forced the evacuation of thousands of people in northwest France, while hundreds of homes remain without power.

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THE 3 PERSONAS OF THE AGENCY SELLER

Rough Notes

Understanding the nuances of differentdeal structures helps align decisions with goals, values, and vision for the future By Matt Naimoli Exit, Selling out, and Hanging em up are all phrases often associated with selling an insurance agency. For many, the concept evokes images of cashing out and riding into the sunset.

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Europe’s Insurers May Face New Capital Rules for Climate Risk

Insurance Journal

Europe’s insurance watchdog has called for a recalibration of capital requirements to reflect rising climate-driven disasters across the continent.

Risk 158
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2024 Agency Of The Year

Rough Notes

CONGRATULATIONS, SOUND PACIFIC INSURANCE By Dave Willis, CPIA The votes are in. Past Rough Notes cover agents and brokers have spoken. And we have a winner.

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Tri-State Region Blood Center Hit With Ransomware Attack

Insurance Journal

One of the country’s largest blood donor and research centers has suffered a ransomware attack. The New York Blood Center (NYBC) said that on Sunday, January 26, it identified “suspicious activity” affecting its IT systems.

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A Guide To Jewelry Appraisals and Coverage Options

Rough Notes

Did any of your clients get engaged during the holiday season? By Christopher W. Cook Most of our readers probably dont know that I also write screenplays. In one of my comedy projects in progress, a characters engagement ring yet to be given to his significant other is stolen by hooligans.

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Corporate ‘Irritation’ Over ESG Fueled by Significant Costs

Insurance Journal

As ESG rapidly morphs into one of the least-loved labels in global finance, those monitoring the development say it’s not all down to ideology.

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Private equity has something troubled insurers want: cash

Elmore

For those recovering from past misfires, there is nothing like a big equity infusion The post Private equity has something troubled insurers want: cash appeared first on Elmore Insurance Brokers.

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AM Best Revises Outlook to Positive for RLI

Insurance Journal

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of the members of RLI Group (RLI).

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How Taiwan became a quiet bond market superpower

Elmore

And why it could blow up in everyones face The post How Taiwan became a quiet bond market superpower appeared first on Elmore Insurance Brokers.

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MEDICAL STOP LOSS

Rough Notes

Market segment still growing despite high-cost claims By Jason Hopper Despite rising costs and shifting funding strategies, growth in the medical stop loss market in the United States is strong and is likely to continue. Stop loss market premium growth has been continuous since 2014.

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Life Insurance 101 Presentation

PSM Brokerage

Introducing Life Insurance 101: A Turn-Key Presentation for Agents At PSM Brokerage , we know that educating clients about life insurance can sometimes be challenging. Whether you're meeting with individuals, families, or business owners, having a clear, professional, and engaging presentation can make all the difference. Thats why were excited to introduce our newest resource: Life Insurance 101 a turn-key presentation designed to help you explain the value of life insurance with confidence.

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THE ANATOMY OF AN E&O CLAIM

Rough Notes

Looking beneath the surface to understand and prevent E&O claims Creating an environment where cascading circumstances never get started is the key to eliminating the potential for E&O claims.

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Blog Post: Matter of Baeza-Galindo

LexisNexis

Matter of Baeza-Galindo (1) Proximity in time is necessary but not sufficient to conclude that two crimes arise from a single scheme of criminal misconduct under section 237(a)(2)(A)(ii) of the Immigration and Nationality Act, 8 U.S.C. § 1227(a)(2)(A)(ii) (2018). Matter of Adetiba, 20 I&N Dec. 506, 509 (BIA 1992), clarified. (2) Two crimes involving moral turpitude, premised on separate turpitudinous acts with different objectives, neither of which was committed in the course of accompl

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CANNABIS INSURANCE

Rough Notes

Is the drive to legalization slowing? Whether yes or no, the market grows By Joseph S. Harrington, CPCU Not long ago, it appeared that the march to legalized recreational use of cannabis was inexorable. At the outset of 2025, that no longer seems so certain.

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Can I Drive My New Car Off the Lot Without Auto Insurance?

Paragon Independent Insurance Agencies

When buying a new car, one of the first tasks is to secure car insurance. You may have questions about car insurance requirements, especially when purchasing a new vehicle. The professionals at Paragon Independent Insurance Agency in Plano, TX, can provide the necessary information about car insurance. Here’s what you need to know. Is Car Insurance Required for Driving?