Wed.Feb 12, 2025

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FEMA to Borrow $2B to Pay Flood Claims After Hurricanes Helene and Milton

Insurance Journal

The Federal Emergency Management Agency said it needs to borrow $2 billion from the U.S. Treasury to cover claims from National Flood Insurance Program policyholders.

Claim 299
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What Agents Need to Know: Anthem’s Medicare Advantage D-SNP Plans Ending in Kentucky

PSM Brokerage

Anthem has announced that its Medicare Advantage Dual-Eligible Special Needs Plans (D-SNPs) in Kentucky will be discontinued as of February 28, 2025. This change will impact thousands of beneficiaries who rely on these plans for their healthcare coverage. As an insurance agent, its essential to be proactive, informed, and ready to assist affected clients in finding alternative coverage options.

Agents 87
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Measles Outbreak Reported in Small West Texas County

Insurance Journal

Fifteen measles cases mostly in school-aged children have been confirmed in a small county in West Texas with one of the highest rates of vaccine exemptions in the state.

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Truck Repair Insurance: What Policies Does My Repair Business Need?

Central Insurance

Protect your business with the right truck repair insurance. Learn about policies to safeguard your assets, liability, and operations. The post Truck Repair Insurance: What Policies Does My Repair Business Need? appeared first on Central Insurance Blog.

Policy 130
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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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EU Weighs Easing Corporate Liability Under Toughest ESG Law

Insurance Journal

The European Union is reviewing the extent to which companies can be held liable for environmental and human rights breaches in their supply chains, ahead of a package designed to remove red tape from the bloc’s ESG regulatory framework.

Liability 225

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Judge Tosses Opera Singer’s Lawsuit Against the University of Michigan Over Firing

Insurance Journal

A judge dismissed a lawsuit Monday by an acclaimed opera singer who sued the University of Michigan over his firing for what the school deemed sexual misconduct. David Daniels waited too long to sue the university, U.S.

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Marine round-up : 13th February 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 13th February 2025 appeared first on Insurance Marine News.

Marine 52
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Deloitte Pays Rhode Island $5 Million to Aid Recovery From Ransomware Attack

Insurance Journal

The consulting firm Deloitte that built and manages Rhode Island’s popular RIBridges portal has paid the state $5 million to compensate for the ransomware attack that compromised and shuttered the benefits site in December.

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Ex-Tartus convoy will pass Dover this week

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ex-Tartus convoy will pass Dover this week appeared first on Insurance Marine News.

Marine 52
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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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NYSE Plans Texas Exchange as Financial Firms Flock to State

Insurance Journal

The New York Stock Exchange plans to start an equities exchange in Texas, the latest firm seeking a slice of the financial services industry in a state where the taxes are lower and regulation looser.

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Dutch prosecutors want community service for two skippers

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Dutch prosecutors want community service for two skippers appeared first on Insurance Marine News.

Marine 52
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Edison Utility Faces Shareholder Lawsuit Over LA Wildfires

Insurance Journal

The parent company of Southern California Edison has been sued for allegedly defrauding shareholders before the recent Los Angeles-area wildfires by assuring them it could shut down power lines to reduce the risk of catastrophic damage.

Damage 185
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Ambiguous procedures contributed to container ship steering failure: ATSB report

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ambiguous procedures contributed to container ship steering failure: ATSB report appeared first on Insurance Marine News.

Marine 52
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These Roads Aren’t Built for Wilder Weather Driven by Climate Change

Insurance Journal

California’s Highway One, stretching more than 650 miles along the Pacific Coast, is one of America’s most popular roadways because of its breathtaking views. Yet, since 2023, large chunks of it have been closed.

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Damaged tankship given three months to remove port from Ust-Luga

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Damaged tankship given three months to remove port from Ust-Luga appeared first on Insurance Marine News.

Damage 52
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Bayer Broadens Effort to Shield Itself From Claims Weedkiller Caused Cancer

Insurance Journal

A renewed and expanded effort from chemical giant Bayer to shield itself from lawsuits that claim its popular weedkiller Roundup causes cancer brought dozens of protesters to the Iowa Capitol building Monday begging lawmakers to reject it.

Claim 161
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Cordelia Moon waits off Indian coast with Russian oil

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cordelia Moon waits off Indian coast with Russian oil appeared first on Insurance Marine News.

Marine 52
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New Rules Eyed for Battery Rechargers on Planes After Korean Jet Fire

Insurance Journal

Air travelers in South Korea may be asked to seal up the ports on their handheld battery rechargers or put them in a separate plastic bag after an in-cabin fire on an Air Busan Co. plane last month.

Insurer 149
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Houthis say they are ready to resume attacks in Red Sea

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Houthis say they are ready to resume attacks in Red Sea appeared first on Insurance Marine News.

Marine 52
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Starbucks Sued by Missouri Over DEI, Race and Gender Bias

Insurance Journal

Starbucks SBUX.O was sued on Tuesday by the U.S. state of Missouri, which accused the coffee chain of using a commitment to diversity, equity and inclusion as a pretext to systematically discriminate based on race, gender and sexual orientation.

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US insurers face billions in losses from Los Angeles wildfires

Elmore

Companies had retreated from Californias market before the catastrophe struck in January The post US insurers face billions in losses from Los Angeles wildfires appeared first on Elmore Insurance Brokers.

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Taiwan Environment Minister Eyes Insurance Funds to Help With Green Transition

Insurance Journal

Taiwan aims to get more than $1.5 billion in investment from insurance funds to help finance the island’s green energy transition as part of its climate change and carbon reduction goals, Environment Minister Peng Chi-ming has said.

Insurer 149
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What Is A DP3 Insurance Policy And How Does It Work?

Simply Insurance

Better known as a Landlord Insurance policy, a DP3 policy will cover your rental property based on your living arrangements.

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Drought Leaves Canadian Farmers Unpaid, Reveals Holes in Safety Net

Insurance Journal

Canadian farmer Bill Prybylski planned to buy a new tractor with proceeds from crops sold to two grain companies in early 2024. He delivered the grain before both companies declared bankruptcy, leaving him short C$165,000 ($113,487.86) they owed.

Insurer 143
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P&I Clubs “drawn into the morass” of international sanctions

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post P&I Clubs drawn into the morass of international sanctions appeared first on Insurance Marine News.

Marine 40
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2 Million Acres in California Designated High Or Very High Fire Danger Areas

Insurance Journal

Reflecting intensifying wildfires and updated science, new state maps designate more than 2.3 million acres of local land in California as facing “high” or “very high” danger of wildfires.

Damage 136
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Tonnage Limitation & Res Judicata: Right to limit is a cause of action

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Tonnage Limitation & Res Judicata: Right to limit is a cause of action appeared first on Insurance Marine News.

Marine 40
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Viewpoint: New Year, Old Challenges for European Insurers

Insurance Journal

The European insurance sector saw high levels of claims inflation in 2024. In motor-related material damage in particular, claims inflation is still outpacing the Consumer Price Index, and we could see primary insurers continuously increasing premium rates in 2025.

Premium 136
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Roofers Respond to Possible Shingle Ban Arguing Like a Property Damage Lawyer

Property Insurance Coverage Law

Floridas Insurance Commissioner, Mike Yaworsky, is not only going to hear from property damage attorneys about oversight of insurance companies, but he also certainly has the attention of Floridas roofing industry after suggesting a ban on asphalt shingles. An article written by Ron Hurtibise and republished in the Tampa Bay Times, Asphalt Shingle Roofs Lose … The post Roofers Respond to Possible Shingle Ban Arguing Like a Property Damage Lawyer appeared first on Property Insurance Coverag

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India Is Building a Sanctions-Proof Supply Chain for Russian Oil

Insurance Journal

Oil refiners in India eager to keep importing cheap crude from Russia are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect.

Building 136
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AI Detector Panic? Let’s Fix That with Smodin’s AI Detection Remover!

Leadsurance

You are sitting at your desk, staring at the blinking cursor. “Ugh, another blog post to write. Time to get my AI assistant working!” Suddenly…DING! Your content looks a little too…AI-generated. Please revise. Panic mode activated! What? No! I dont have time for this! Well, if you’re really out of time (or just don’t feel like it), it’s better to use the AI Detection Remover.

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DeepSeek May Face Further Regulatory Actions, EU Privacy Watchdog Says

Insurance Journal

DeepSeek may face more actions from national regulators in the future, Europe’s privacy watchdog said on Tuesday [Feb. 11], underscoring the bloc’s concerns about the rising popularity of the cheap Chinese artificial intelligence startup.

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