Thu.Apr 10, 2025

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Rising Civil Unrest, Political Violence Remain Top 10 Risk for Global Businesses: Allianz

Insurance Journal

Soaring levels of civil unrest and political violence are a key concern for businesses of all sizes as well as their insurers, according to report published by Allianz Commercial.

Risk 263
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Florida’s DOAH Arbitration Disaster: How the Legislature Gave Citizens a License to Steamroll Policyholders

Property Insurance Coverage Law

In 2023, the Florida Legislature made a catastrophic mistake that is now hurting thousands of Floridians. They handed Citizens Property Insurance Corporation our state-run insurer of last resort the ability to force policyholders into administrative arbitration at the Division of Administrative Hearings (DOAH) instead of letting disputes be decided by a jury of … The post Floridas DOAH Arbitration Disaster: How the Legislature Gave Citizens a License to Steamroll Policyholders appeared f

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California Bill Seeks to Beef up Consumer Privacy Protections for Insurance

Insurance Journal

A new bill introduced in California aims to increase transparency and accountability in California’s insurance market by bolstering consumer privacy protections and establishing a privacy rights framework for insurance licensees and their third-party service providers.

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Florida’s DOAH Arbitration Disaster: How the Legislature Gave Citizens a License to Steamroll Policyholders

Property Insurance Coverage Law

In 2023, the Florida Legislature made a catastrophic mistake that is now hurting thousands of Floridians. They handed Citizens Property Insurance Corporation our state-run insurer of last resort the ability to force policyholders into administrative arbitration at the Division of Administrative Hearings (DOAH) instead of letting disputes be decided by a jury of … The post Floridas DOAH Arbitration Disaster: How the Legislature Gave Citizens a License to Steamroll Policyholders appeared f

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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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People Moves: Markel Promotes Brooke to Senior Underwriter of War and Terrorism; BHSI Promotes Kidd to Newly Created Role of Head of Underwriting in Europe

Insurance Journal

Markel Promotes Brooke to Senior Underwriter of War and Terrorism Markel, the insurance operations within Markel Group Inc., announced that Matthew Brooke has been promoted to senior underwriter, War and Terrorism, effective immediately.

More Trending

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Roof Repair and Replacement Costs Up Nearly 30% Since 2022: Verisk

Insurance Journal

Roof repair and replacement cost value totaled nearly $31 billion last year up nearly 30% since 2022, according to a new report from Verisk.

Claim 289
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Risk Manager Best Practices That Drive Workers’ Comp Results

AMAXX

In the complex world of workers compensation, risk managers play a vital role in aligning strategic oversight with day-to-day claims operations. Far from being a behind-the-scenes figure, a successful risk manager serves as the linchpin between claims administration, adjusters, and injury management teams. The most effective professionals in this role are not just reacting to injuriesthey are actively shaping the way claims are handled and resolved to minimize downtime, reduce costs, and protect

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Alabama Lawmakers Set Minimum PBM Payments to Independent Pharmacies

Insurance Journal

MONTGOMERY, Ala. (AP) Alabama lawmakers on Tuesday voted to put new regulations on pharmacy benefit managers in an effort to curb the closure of small pharmacies across the state.

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Introducing Cowbell Resiliency Services (CRS): A New Era of Cybersecurity for US Policyholders

Cowbell

At Cowbell, were always looking for innovative ways to help our policyholders improve their risk resilience. Thats why were thrilled to announce the launch of Cowbell Resiliency Services (CRS) , a new suite of cybersecurity solutions designed to proactively enhance the security posture of US-based policyholders. Whether youre looking to improve your organizations detection capabilities, conduct penetration testing, or provide your team with essential cybersecurity training, CRS has you covered.

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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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Army Adjusts Safety Policy, Reduces Flights at DC Airport Following January Collision

Insurance Journal

The Army has made changes to how its helicopters use a safety system that broadcasts aircraft location and has reduced the number of flights over Washington following a collision with a passenger jet that killed 67 people, the head of …

Policy 239
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Legacy vs. Next-Gen Tech: The Past Catches Up with Escalating Business Challenges for Insurer Executives

Majesco

Over the last 10-15 years, we have seen a major shift in core systems, both in terms of technology and business capabilities within many modernization and transformation programs. However, many of these programs were painful and expensive. They often ran over many years and cost tens to hundreds of millions of dollars due to the high level of customization, and their on-premise implementation.

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California’s Effort to Hold Oil Companies Liable for Natural Disasters Stalls

Insurance Journal

California lawmakers have blocked a bill to make oil and gas companies liable for damage to homes from natural disasters caused by climate change, warning it could raise gas prices.

Damage 235
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Despite Progress, California Insurance Market Faces Headwinds

Triple-I: Homeowners Insurance

Even as California moves to address regulatory obstacles to fair, actuarially sound insurance underwriting and pricing, the states risk profile continues to evolve in ways that impede progress, according to the most recent Triple-I Issues Brief. Like many states, California has suffered greatly from climate-related natural catastrophe losses. Like some disaster-prone states, it also has experienced a decline in insurers appetite for covering its property/casualty risks.

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Utah Insurance Department Warns of Phony Policies Sold on Social Media

Insurance Journal

The Utah Insurance Department’s Fraud Division is warning consumers about an increase in fake auto insurance policies being marketed to the Hispanic community using WhatsApp.

Policy 219
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Celebrating Excellence: Top Workplace Award for the Third Consecutive Year

Agency Revolution

At Agency Revolution, we take immense pride in being part of a family that values excellence, innovation, and community. It’s with great excitement that we celebrate our parent company, FMG, for being recognized as one of the top workplaces in the nation for the third year in a row by the Top Workplaces Awards, featured in USA Today. A Culture of Collaboration and Innovation Since joining Agency Revolution in 2022, I’ve witnessed firsthand the remarkable work culture that FMG and Age

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Corporate Credit Tremors in Aftershock of Tariff-Led Stock Rout

Insurance Journal

The tariff shock and recession fears that have sent world stocks into a tailspin over the last week are rolling into corporate funding markets, raising the cost of borrowing and disrupting financing plans even for lower-risk companies. With U.S.

Risk 214
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Blog Post: 7 Ways LexisNexis Protégé Delivers Next-Level Work Quality for Lawyers

LexisNexis

Legal professionals have been using AI technologies for years now, starting with extractive AI tools that used machine learning algorithms to find relevant results within data, then followed by generative AI tools that created new content from data based on user-entered prompts or instructions. LexisNexis is leading the next wave of Legal AI innovation with the recent launch of LexisNexis Protégé , a personalized AI assistant that also leverages the power of agentic AI to intelligently

Agents 45
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Texas Is Ground Zero for the US Battery Boom

Insurance Journal

“Drill, baby, drill” may be Texas’s unofficial motto, but “store, baby, store” is becoming more accurate.

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Blog Post: What’s New in Practical Guidance – March 2025

LexisNexis

The March 2025 edition of the Practical Guidance newsletter introduces a range of new content and resources across various legal practice areas, reflecting the evolving landscape of law and technology. This update highlights significant additions in business entities, corporate and M&A, data security and privacy, labor and employment, real estate, trusts and estates, and more.

Risk 52
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Helicopter Crashes Into Hudson River With Multiple Fatalities

Insurance Journal

A sightseeing helicopter crashed into the Hudson River on Thursday, killing all six people on board, the latest in a string of incidents in recent months that has rattled confidence in US aviation safety.

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Skuld recruits Kingman as global head of yachts

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Skuld recruits Kingman as global head of yachts appeared first on Insurance Marine News.

Marine 52
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Wisconsin Roofing Contractor Faces $262K Fine for Failing to Protect Employees

Insurance Journal

The U.S. Department of Labor has cited Wisconsin roofing contractor Bacilio Rios Almanza for failing to protect employees atop a residential roof from fatal fall hazards in Appleton in September 2024.

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Syndicate Results 2024 #10 Chaucer 1084

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Syndicate Results 2024 #10 Chaucer 1084 appeared first on Insurance Marine News.

Marine 52
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If a Tree Falls on a House, Is the City Liable?

Insurance Journal

An insurer has succeeded in holding a Massachusetts city responsible for $40,000 in damages caused by a tree that fell from city property onto an insured’s home. Citation Insurance Co.

Damage 179
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Serious incidents during pilotage continue, notes Skuld.

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Serious incidents during pilotage continue, notes Skuld. appeared first on Insurance Marine News.

Marine 52
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Pennsylvania Approves Workers’ Compensation Loss Costs Drop of 8.67%

Insurance Journal

The Pennsylvania Insurance Department (PID) has approved a workers’ compensation filing with an 8.67% reduction in loss costs. New or renewal policies issued on or after April 1, 2025 will be subject to the new loss costs.

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Steamship Mutual names joint heads of claims for the Americas

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Steamship Mutual names joint heads of claims for the Americas appeared first on Insurance Marine News.

Claim 52
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People Moves: World Insurance Names Robinson SE Revenue Leader

Insurance Journal

James “Jay” Robinson, formerly with Aon, has joined World Insurance Associates as Southeast division revenue leader, the brokerage announced.

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Round up

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Round up appeared first on Insurance Marine News.

Marine 52
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Buffett’s Duracell Sued by BASF Over Lithium Battery Secrets

Insurance Journal

Billionaire investor Warren Buffett’s Duracell battery maker was accused by chemical producer BASF SE of stealing trade secrets about lithium ion battery technology.

Claim 147
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Clear signs of saturation in London capacity market in Hull, says BMS

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Clear signs of saturation in London capacity market in Hull, says BMS appeared first on Insurance Marine News.

Marine 52
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People Moves: Willis Names Spinelli Head of Transactional Insurance Claims; Amadori Joins Zurich From Markel to Head Management Liability

Insurance Journal

Willis, a WTW business headquartered in New York City, appointed Dom Spinelli as head of transactional insurance claims for North America.