Wed.Feb 26, 2025

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NormanMax Agrees to Purchase Parametric Flood Specialist MGA, FloodFlash

Insurance Journal

NormanMax Insurance Holdings, the Miami-based provider of parametric re/insurance solutions, has agreed to acquire FloodFlash, the parametric flood managing general agent, subject to regulatory approval.

Agents 158
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Indian court orders release of vessel detained for a year on smuggling charges

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Indian court orders release of vessel detained for a year on smuggling charges appeared first on Insurance Marine News.

Marine 98
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Maryland Woman Got $58K from USAA on Fake Water Claim. So She Tried Again.

Insurance Journal

A Maryland woman pleaded guilty to defrauding USAA Insurance out of more than $58,000 in water damage claims by using faked invoices and photos.

Claim 261
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New rules in Brazil on ballast water are reinstated by court

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New rules in Brazil on ballast water are reinstated by court appeared first on Insurance Marine News.

Marine 97
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Supreme Court Signals Backing for Straight Woman’s Bias Suit

Insurance Journal

The US Supreme Court signaled it will revive a job-bias lawsuit by a straight woman and make it easier in some parts of the country for members of so-called “majority groups” to get to a jury with discrimination claims.

Claim 255

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US Will Spend Up to $1 Billion to Combat Bird Flu, USDA Says

Insurance Journal

The U.S. will invest up to $1 billion to combat the spread of bird flu, as well as increase imports of eggs in an effort to drive down high prices, agriculture secretary Brooke Rollins said on Wednesday.

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Agreement in US dockworker dispute ratified by workers

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Agreement in US dockworker dispute ratified by workers appeared first on Insurance Marine News.

Marine 87
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AerCap CEO Sees No Quick Return to Russia if Market Reopens on Insurance Concerns

Insurance Journal

The head of the world’s largest aircraft leasing company, AerCap, said on Wednesday that Russia may look to buy used aircraft or engines if and when its markets reopen but that he saw no rush by Western lessors to resume …

Insurer 240
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Veson Nautical says two-tier bulker fleet is emerging

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Veson Nautical says two-tier bulker fleet is emerging appeared first on Insurance Marine News.

Marine 66
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Take the Hassle Out of Claims Management

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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Lemonade CEO Declares ‘Best Quarter Ever,’ Posts Narrowed Q4 Loss of $30M

Insurance Journal

Insurtech Lemonade reported a fourth quarter 2024 net loss of about $30 million and a loss for the year of about $202.2 million. Results were in comparison to a net loss of $42.

Insurer 234
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Gard adds new correspondents for 2025/26

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Gard adds new correspondents for 2025/26 appeared first on Insurance Marine News.

Marine 52
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Viewpoint: Attracting and Retaining Gen Z to Quell the Insurance Talent Crunch

Insurance Journal

The last three years have exposed a growing challenge for insurance carriers: attracting, hiring and retaining young talent. Despite the passing of the so-called “Great Resignation,” the insurance industry continues to face significant workforce challenges.

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CCTV mandated on Indian-flagged merchant vessels

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post CCTV mandated on Indian-flagged merchant vessels appeared first on Insurance Marine News.

Marine 52
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Thieves Targeting Trains in California and Arizona Make off With $2M in Nikes

Insurance Journal

Thieves have targeted freight trains running through the deserts of California and Arizona in a string of audacious heists resulting in the theft of more than $2 million worth of new Nike sneakers, including many that haven’t hit the retail …

Theft 220
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Diesel oil cascade during bunkering likely cause of fatal engine room fire: NTSB

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Diesel oil cascade during bunkering likely cause of fatal engine room fire: NTSB appeared first on Insurance Marine News.

Marine 52
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People Moves: The Liberty Company Names Martine VP, Producer; LP Names Santoni Director Commercial Lines

Insurance Journal

Martine Joins The Liberty Company as VP, Producer The Liberty Company named Derrick Martine vice president, producer, employee benefits in its Irvine, California, office.

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Offshore wind projects in US are being paused

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Offshore wind projects in US are being paused appeared first on Insurance Marine News.

Marine 52
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Thieves Targeting Trains in California And Arizona Make off With $2M Worth of Nikes

Insurance Journal

Thieves have targeted freight trains running through the deserts of California and Arizona in a string of audacious heists resulting in the theft of more than $2 million worth of new Nike sneakers, including many that haven’t hit the retail …

Theft 202
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Hull breaches confirmed for MSC Baltic III; fuel tanks are currently secure

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Hull breaches confirmed for MSC Baltic III; fuel tanks are currently secure appeared first on Insurance Marine News.

Marine 52
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Europe’s Warming Ocean Current ‘Unlikely’ to Collapse This Century

Insurance Journal

A new study disputes a long-held fear that climate change will lead to a quick, total collapse of the Atlantic Meridional Overturning Circulation (AMOC), the ocean current that brings warmth to northwestern Europe.

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Munich Re sticks to profit target despite €1.2bn expected hit from California fires

Elmore

Reinsurer announces plan to return 4.6bn to shareholders The post Munich Re sticks to profit target despite 1.2bn expected hit from California fires appeared first on Elmore Insurance Brokers.

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Breaking: Judge Dismisses Charges Against NJ Insurance Exec Norcross

Insurance Journal

In a prosecution that local news outlets had called “stunning,” a New Jersey judge has made an equally stunning dismissal of corruption and racketeering charges against insurance executive and Democratic power broker George Norcross III and five co-defendants New Jersey …

Broker 199
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Should Public Adjusters File Insurance Complaints for Policyholder Clients?

Property Insurance Coverage Law

Consumer complaints by policyholders following the Los Angeles wildfires are something that came up yesterday while meeting with various public adjusters in Sacramento. I then posed the question of whether public adjusters should file insurance complaints for their policyholder clients. The responses by the public adjusters were mixed. I thought, and one public adjuster even … The post Should Public Adjusters File Insurance Complaints for Policyholder Clients?

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Statute of Limitation on Officials’ Surety Bonds Action is 3 Years, Georgia Court Says

Insurance Journal

Surety carriers providing bonds for elected officials in Georgia this week discovered that a statute of limitations on claims litigation is only three years in some cases not six or 20 years as one insurer had initially believed.

Claim 195
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Should Public Adjusters File Insurance Complaints for Policyholder Clients?

Property Insurance Coverage Law

Consumer complaints by policyholders following the Los Angeles wildfires are something that came up yesterday while meeting with various public adjusters in Sacramento. I then posed the question of whether public adjusters should do this for their policyholder clients. The responses by the public adjusters were mixed. I thought, and one public adjuster even mentioned, … The post Should Public Adjusters File Insurance Complaints for Policyholder Clients?

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IU Indianapolis Basketball Team Bus Catches Fire; Players Safe

Insurance Journal

Members of the IU Indianapolis men’s basketball team are unhurt and back home Monday, a day after their bus caught fire on Interstate 275.

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Eastern Pacific secures financing for neopanamax boxship duo

Splash: Finance and Insurance

Singapore-based Eastern Pacific Shipping (EPS) and SPDB Financial Leasing, the leasing arm of Shanghai Pudong Development Bank, have signed a financing agreement for two newbuild LNG dual-fuel neopanamax containerships. The agreement strengthens the longstanding collaboration between the two companies. Looking ahead, the two firms will look to develop more green, energy-efficient, and environmentally friendly vessels.

Insurer 92
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New York Dads Forgo $1.6 Billion in Paid State Leave, Study Says

Insurance Journal

New fathers are more likely to be eligible for state paid parental leave programs but less likely to take the time off, leaving as much as $1.

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Louis Dreyfus Armateurs to be taken over by fellow private equity firm

Splash: Finance and Insurance

French family-owned shipowner Louis Dreyfus Armateurs (LDA) has revealed takeover talks with compatriot private equity firm InfraVia. The two companies have entered exclusive negotiations for Paris-based InfraVia to acquire an 80% stake in LDA which currently manages 23 ships in roro, offshore wind support and cable laying segments.

Insurer 85
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S&P Puts State Farm General on CreditWatch

Insurance Journal

Potential downgrades of State Farm’s California homeowners insurer came closer to reality yesterday when S&P Global Ratings put the “AA” financial strength and issuer credit ratings of State Farm General Insurance Co. on CreditWatch with negative implications.

Insurance 167
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Organic Strategies for Building a Strong Instagram Audience

Leadsurance

Being visible on Instagram during these digital times proves to be an invaluable advantage. Every business type including brands, influencers and entrepreneurs benefit from growing their follower size because it connects them to more potential customers while boosting audience participation which generates business growth. Your follower expansion should target meaningful audience interactions rather than number accumulation because these interactions become the foundation of building community.

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Mississippi City Drops Lawsuit Over Editorial That Judge Had Ordered Removed

Insurance Journal

A Mississippi city dropped its lawsuit Monday against a newspaper that had its editorial criticizing local leaders removed by a judge in a case that sparked widespread outrage from First Amendment advocates.

Insurer 158