Wed.Feb 19, 2025

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King Risk Partners Acquires Kerr Agency in Connecticut

Insurance Journal

Florida-based insurance broker King Risk Partners announced its acquisition of the Kerr Agency Inc., an independent insurance agency located in Simsbury, Connecticut. This strategic acquisition furthers King Risk Partners’ expansion across the Northeast. Kerr is King’s fifth agency in Connecticut.

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Policyholder Prevails in Bad Faith Lawsuit

Property Insurance Coverage Law

As hurricane claims attorneys on both sides of the v. in litigation know, a fundamental tenet of Louisiana Law is that [A]n insurer has a continuing duty of good faith and fair dealing which extends throughout the litigation period. 1 Mental anguish, emotional distress, humiliation, aggravation, inconvenience, loss of property, loss of use, and defense … The post Policyholder Prevails in Bad Faith Lawsuit appeared first on Property Insurance Coverage Law Blog.

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Carnegie Mellon to Pay Students $4.8 Million for Shifting to Remote Classes During COVID

Insurance Journal

Carnegie Mellon University has agreed to pay $4.8 million to settle a class action brought on behalf of students whose in-person classes were moved online when the COVID-19 pandemic began in 2020.

Liability 244
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Blog Post: The Next Frontier of Legal AI: Embracing the Agentic Model

LexisNexis

The LexisNexis global technology platform incorporates various AI innovations, including extractive AI that identifies relevant results within data and offers detailed insights; generative AI which produces new content from data based on user prompts or instructions; and agentic AI that can perform tasks autonomously on behalf of users. We live in an era of such rapid technological innovation; the only thing certain is change.

Agents 56
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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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A Run of Fatal Airline Crashes Upends Sterling Safety Record

Insurance Journal

A spate of deadly airline crashes has tarnished the industry’s sterling track record, fraying the nerves of travelers and prompting questions about how the world’s safest form of transportation can respond.

Insurance 241

More Trending

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People Moves: Hamilton Global Specialty Promotes Thorp as Head of Space, Golder as Head of Treaty; QBE Europe Names Yebra as Senior U/W in Transactional Liability Team

Insurance Journal

This edition of International People Moves details appointments at Hamilton Global Specialty and QBE European Operations. A summary of these new hires follows here.

Liability 230
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EU in talks to fund fleet to repair damaged subsea cables

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post EU in talks to fund fleet to repair damaged subsea cables appeared first on Insurance Marine News.

Damage 52
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Farmers Estimates $600M in Losses from LA Wildfires

Insurance Journal

Farmers said on Wednesday that it expects losses from the Los Angeles wildfires last month to reach an estimated $600 million. Insurance companies have so far paid out more than $6.

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Crew fatigue caused grounding of ship on the Bulgarian coast, finds Britannia case study

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Crew fatigue caused grounding of ship on the Bulgarian coast, finds Britannia case study appeared first on Insurance Marine News.

Marine 52
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Mastercard’s £200 Million Settlement in Class Action Suit Gets Court Scrutiny

Insurance Journal

Mastercard Inc. unfairly reduced a 10 billion ($12.6 billion) class action case to a settlement of just 200 million, according to the firm that funded the lawsuit.

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UK Court sentences crew and shipping company for accident that claimed two lives

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post UK Court sentences crew and shipping company for accident that claimed two lives appeared first on Insurance Marine News.

Claim 52
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NC Insurance Commissioner to be Released From Hospital After Heart Surgery

Insurance Journal

In his previous, dual role as state fire marshal, North Carolina Insurance Commissioner often championed the work of firefighters in the state.

Insurance 219
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New ports and terminals product from IQUW

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New ports and terminals product from IQUW appeared first on Insurance Marine News.

Marine 52
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Casualty Reinsurance Still Attractive: Arch Capital CEO

Insurance Journal

While writing primary casualty insurance is more appealing than writing casualty reinsurance, the chief executive of Arch Capital said casualty reinsurance business remains attractive for his company. Speaking during an earnings conference call on Feb. 10, after reporting $3.

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China suspends soybean importing from five Brazilian companies

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post China suspends soybean importing from five Brazilian companies appeared first on Insurance Marine News.

Marine 52
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Airbnb Billionaire Plans Factory-Built Homes for LA Fire Victims

Insurance Journal

Billionaire Joe Gebbia, the co-founder of Airbnb Inc. and a board member of Elon Musk’s Tesla Inc., plans to donate $15 million of factory-built dwellings to victims of the Los Angeles wildfires.

Insurance 211
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Canadian Coast Guard is monitoring grounded MSC Baltic III in Newfoundland

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Canadian Coast Guard is monitoring grounded MSC Baltic III in Newfoundland appeared first on Insurance Marine News.

Marine 52
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Record-Breaking Cold to Slam Central US and Test Texas Grid

Insurance Journal

Winter storms and record-breaking cold will descend on the central and southern US this week, snarling transportation and putting the vulnerable Texas power grid to yet another test.

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EU Forces investigating second suspected piracy attack off Somalia

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post EU Forces investigating second suspected piracy attack off Somalia appeared first on Insurance Marine News.

Marine 52
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Ex-PIMCO Executive to Run World’s First Catastrophe-Bond ETF

Insurance Journal

Catastrophe bonds, whose returns have consistently trounced those of high-yield debt markets in recent years, are about to become accessible to a wider group of investors.

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EU extends Red Sea naval operation Aspides into 2026

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post EU extends Red Sea naval operation Aspides into 2026 appeared first on Insurance Marine News.

Marine 52
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AI ‘Hallucinations’ in Court Papers Spell Trouble for Lawyers

Insurance Journal

U.S. personal injury law firm Morgan & Morgan sent an urgent email this month to its more than 1,000 lawyers: Artificial intelligence can invent fake case law, and using made-up information in a court filing could get you fired.

Injury 200
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Fire aboard Grimaldi vessel in Dover Strait

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Fire aboard Grimaldi vessel in Dover Strait appeared first on Insurance Marine News.

Marine 52
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Bain Capital Backs Israeli AI Cybersecurity Startup Dream at $1.1 Billion Valuation

Insurance Journal

Dream, an artificial intelligence company that provides cybersecurity services to governments and critical infrastructure operators such as hospitals and utilities, has raised $100 million at a $1.1 billion valuation.

Cyber 165
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Helping Medicare Beneficiaries Losing DSNP Coverage

PSM Brokerage

A Direct Mail Solution for Agents The Medicare market is always evolving, and with recent changes in the Dual Special Needs Plan (DSNP) landscape, many beneficiaries are facing the unexpected loss of their coverage. As an insurance professional, you have a critical opportunity to step in and guide these individuals through their options. To support you in this effort, weve created a direct mail postcard that makes it easy to connect with Medicare beneficiaries who need help finding new coverage.

Agents 52
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Former Ohio Insurance Agent Sentenced to Probation for $1.4M Theft

Insurance Journal

A former Ohio insurance agent was sentenced this month to five years of probation for thefts exceeding $1.4 million.

Theft 173
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Warm Transfer Insurance Leads vs. Consumer-Initiated Inbound Calls

EverQuote

As an insurance agent, signing up for a lead generation system is practically a rite of passage. Doing so typically indicates youre ready to grow your business, and that youre going to be proactive about it rather than wait around hoping for customers to walk through your doors.

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People Moves: West Named Oregon Workers’ Compensation Division Administrator

Insurance Journal

The Oregon Department of Consumer and Business Services appointed Matt West as administrator of the Workers’ Compensation Division. West has more than 19 years of experience in the workers’ comp industry.

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Benefits and HR Compliance Updates

Relation

Compliance News & Updates: February 18 , 2025 Issue In our recent In Compliance Newsletter, we feature articles highlighting recent legislative changes and regulatory guidance for employer-sponsored benefit plans. Stay up-to-date on the always changing state of employee benefits compliance. Sign up for our Bi-Weekly In-Compliance Newsletter. Common Health Plan Compliance Mistakes to Avoid Employers […] The post Benefits and HR Compliance Updates appeared first on Relation Insurance.

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Data Insight: More Insurers Expect to Boost Top Lines Than Headcount

Insurance Journal

Continuing a trend that’s persisted for several quarters, the latest Insurance Labor Market Study from Jacobson Group and Aon finds a big gap between the percentage of carriers expecting to boost top lines and those anticipating staff growth.

Insurance 147
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Blog Post: Spain's Secret Sauce? Immigrants!

LexisNexis

Why is Spains economy booming?

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Vanguard Pauses Corporate Meetings Over New ESG Guidance

Insurance Journal

Top mutual fund manager Vanguard has paused meetings with portfolio companies while it reviews the impact of new guidance on investor activism from the U.S. Securities and Exchange Commission, according to people familiar with the matter.

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Gard introduces separate P&I Rules for charterers and traders

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Gard introduces separate P&I Rules for charterers and traders appeared first on Insurance Marine News.

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