Insurance Journal
FEBRUARY 5, 2025
The excess and surplus lines market continued to grow in 2024, with premium reaching more than $81 billion, according to annual reports from 15 state stamping offices released by the Wholesale & Specialty Insurance Association (WSIA).
Property Insurance Coverage Law
FEBRUARY 5, 2025
Appraisal policy language is changing, and more case law is being developed at a faster rate than ever.These issues and lessons will be analyzed with the Insurance Appraisal and Umpire Association (IAUA), which will be hosting an educational and certification conference on February 19-20 at the StreamSong Golf Resort.I will be debating insurance defense attorney … The post Keeping Up with New Appraisal Procedures and Law?
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Insurance Journal
FEBRUARY 5, 2025
Allstate Corp. fourth quarter net income applicable to common shareholders increased 30% to about $1.9 billion, and the insurer finished 2024 with net income of $4.6 billion compared to a loss of $316 million the prior year.
Property Insurance Coverage Law
FEBRUARY 5, 2025
Appraisal policy language is changing, and more case law is being developed at a faster rate than ever.These issues and lessons will be analyzed with the Insurance Appraisal and Umpire Association (IAUA), which will be hosting an educational and certification conference on February 19-20 at the StreamSong Golf Resort.I will be debating insurance defense attorney … The post Keeping Up with New Appraisal Procedures and Law?
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Insurance Journal
FEBRUARY 5, 2025
USAA has paid out more than $1 billion for the Los Angeles wildfires, making it the third insurer to report $1 billion or more in payouts for the destructive blazes that burned thousands of properties.
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Insurance Journal
FEBRUARY 5, 2025
A King County, Washington, judge issued a bench warrant a former Seattle insurance agent charged with stealing more than $400,000 in premiums from his clients.
LexisNexis
FEBRUARY 5, 2025
By: Sean Fitzpatrick , CEO, LexisNexis North America, UK, Ireland At LexisNexis®, we work with our customers to transform legal work that mission is at the heart of every product we develop and solution we deliver. Our focus on technology has positioned us as a leader in the legal industrys innovative use of AI for several years. Our Legal AI innovation journey began with extractive AI tools that use machine learning algorithms to find relevant results within data to surface deep insights.
Insurance Journal
FEBRUARY 5, 2025
Florida’s 2025-2026 state budget, as proposed by Gov. Ron DeSantis, would provide some $600 million for home and condominium hardening grants almost triple what lawmakers approved for the popular programs last year.
Property Insurance Coverage Law
FEBRUARY 5, 2025
A recent viral social media post following the California wildfires has brought to light a critical issue: homeowners are finding their insurance claims denied because their properties are held in trusts, yet the trusts are not listed on their insurance policies. This situation emphasizes the importance of ensuring that your homeowners insurance policy accurately reflects … The post Trust or Family Trust Owns Your Home?
Insurance Journal
FEBRUARY 5, 2025
Hub announced that it has acquired the assets of Lindenwood Agency, Inc. Terms of the transaction were not disclosed. Located in St. Charles, Missouri, Lindenwood Agency is one of the largest independent insurance agencies in St.
Splash: Finance and Insurance
FEBRUARY 5, 2025
Cash-rich Maersk revealed yesterday it has started a 12-month share buyback program of up to DKK14.4bn ($2.01bn). The purpose of the program is to adjust the capital structure of the company ultimately through the cancellation of shares repurchased, Maersk stated in a release.
Insurance Journal
FEBRUARY 5, 2025
RALEIGH, N.C. (AP) North Carolina Gov. Josh Stein asked state legislators Monday to roughly double their spending so far on recovery from Hurricane Helene, warning that waiting will cause more business closings, housing construction delays and students falling behind.
LexisNexis
FEBRUARY 5, 2025
By Christopher Mahon, LexisNexis Legal Insights Contributing Author A September 2024 study from the Workers Compensation Research Institute indicates that workers represented by an attorney in workers compensation claims receive substantially more payments than workers who are not represented by an attorney. Prior studies have analyzed the association between attorney representation and paid indemnity benefits, and those studies have also concluded that attorney representation increases workers
Insurance Journal
FEBRUARY 5, 2025
Aon plc said it has launched a new parametric insurance solution designed to address and mitigate commercial losses from hurricane-related storm surge along the coast of the U.S.
Insurance Marine News
FEBRUARY 5, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 6th February 2025 appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 5, 2025
A Charlotte man has been arrested on a felony charge of insurance fraud for allegedly falsely claiming to an insurer that his car was hit by a deer, according to North Carolina Insurance Commissioner Mike Causey.
Insurance Marine News
FEBRUARY 5, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US Coast Guard new cybersecurity rule appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 5, 2025
Thirteen U.S. property/casualty companies became impaired in 2023, 10 of which were placed into insolvent liquidation, according to an AM Best report. The insurance company impairments identified in the U.S. property/casualty industry in 2023 follow six reported impairments in 2022.
Insurance Marine News
FEBRUARY 5, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post ReCAAP reports rise in robberies in Singapore Strait in early 2025 appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 5, 2025
Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 marking the second consecutive quarterly decrease following seven years of rising rates, according to the Global Insurance Market Index published …
Insurance Marine News
FEBRUARY 5, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Turkiye: Pollution incidents increasing appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 5, 2025
The North Carolina Rate Bureau, basing its filing on input from insurers in the state, has requested a 22.6% average increase in auto insurance rates, starting Oct. 1.
Insurance Marine News
FEBRUARY 5, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Vessel owner sentenced to jail after fatal capsizing appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 5, 2025
Almost a year after the deadly collapse of Baltimore’s Francis Scott Key Bridge, Maryland officials on Tuesday unveiled their designs for its replacement, which will be taller and better protected against ship strikes.
Insurance Marine News
FEBRUARY 5, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post More wars of words in the Persian Gulf appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 5, 2025
DOXA Expands Executive Leadership Team DOXA, headquartered in Fort Wayne, Indiana, hired five new executive leadership team members. Matt Bishop joined the team as head of operating entities and business verticals.
Insurance Marine News
FEBRUARY 5, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Legal action against captain after RoRo grounds appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 5, 2025
Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, has announced the launch of a D&O and PI combined facility for financial institutions in the UK, Europe and the Caribbean, backed by a $10 million Lloyd’s …
Insurance Marine News
FEBRUARY 5, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Admiralty Court grants MSC, BTL, and Maersk applications to be termed shipowners in X-Press Pearl case appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 5, 2025
The UK will spend 2.65 billion ($3.31 billion) on flood defenses to protect homes from the growing risks posed by climate-fueled storms and rainfall, according to a government announcement on Tuesday.
Insurance Marine News
FEBRUARY 5, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post OS 35 accident sees Gibraltar Office call for greater use of pilots appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 5, 2025
Newswise In today’s world of interconnected computer-based information systems, cyber risk has become one of the critical risk factors impacting organizations. Indeed, several studies have shown that cyber risk (i.e.
Elmore
FEBRUARY 5, 2025
Transaction comes as consumer-focused investment group is seeking to diversify into financial services The post Krispy Kreme owner JAB to buy Elliott-backed insurer Prosperity Life appeared first on Elmore Insurance Brokers.
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