Fri.Sep 06, 2024

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Update: NYC’s Largest Cab Insurer Ordered to Explore Sale After Losses

Insurance Journal

New York’s insurance regulator ordered American Transit Insurance Co. to immediately find capital and explore a sale in a damning report laying out its severe financial condition.

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Man Sets Ex-Wife and House on Fire—Insurer Denies Innocent Co-Insured Recovery

Property Insurance Coverage Law

In doubles tennis, business, and life, choosing the best partner is a key lesson because it usually predicts future success. Brenda Welch made a tragic choice. Brenda Welch and David Morgan married in 2006. Welch owned a home in Lynnwood, Washington, where the couple lived throughout their marriage. The home was subject to a mortgage … The post Man Sets Ex-Wife and House on Fire—Insurer Denies Innocent Co-Insured Recovery appeared first on Property Insurance Coverage Law Blog.

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Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal

Insurance Journal

Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim results in 17 years—does this mean the hard market cycle is ending?

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Tips for Managing Personal Protective Equipment in Your Stockpile: Respirator Selection and Purchase

CDC: Workers Compensation

Happy Respiratory Protection Week 2024! Another year provides another opportunity to highlight resources to support informed workplace respiratory protection practices. NIOSH has been at the forefront of this effort for decades, testing and approving respirators used in U.S. occupational settings while also striving to provide the science necessary to inform complex respiratory protection decisions.

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Louisiana Launches Lottery System for Fortify Homes Program Grants

Insurance Journal

The Louisiana Department of Insurance announced that registration for the next round of Louisiana Fortify Homes Program (LFHP) grants will open at 8 a.m. on Wednesday, September 18, and close at 5 p.m. on Friday, September 20.

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11 tips to teach children about emergency preparedness.

Frankenmuth Insurance

In the event of an emergency, would your child know what to do? It’s a crucial question to consider, because when kids are empowered to face emergencies with courage and competence, they’re significantly safer and better equipped to handle unexpected situations. To ensure your child is ready for any emergency, we’re outlining practical steps and tips that cover a wide range of scenarios.

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Life Insurance 101

Bankers Insurance

LIFE INSURANCE 101 If others rely on you for financial support, an essential part of your financial plan should include how to provide for them in the event of your death. To help you choose the best option for your needs, we’ve outlined the basics in this blog post. THE BASICS OF LIFE INSURANCE If you’re married, it’s important for both spouses to have life insurance.

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Ex-CFO Says Royal Bank of Canada Manufactured Workplace-Romance Case

Insurance Journal

Royal Bank of Canada’s former chief financial officer, fired over allegations she had an undisclosed personal relationship with another executive, said the bank was trying to “manufacture” a reason to get rid of her, as both sides double down in …

Liability 264
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Rental Property Insurance Rates By State

Simply Insurance

The annual rental property insurance rates by state for a rental property is $1,516 per year. See how your state compares to the national average.

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Workers at GM/LG Battery Plant in Tennessee Join UAW and Get Big Pay Raise

Insurance Journal

DETROIT (AP) — About 1,000 workers at a General Motors joint venture electric vehicle battery plant in Spring Hill, Tennessee, will get big pay raises now that they have joined the United Auto Workers union.

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SECURING YOUR BUSINESS

Rough Notes

The power of restrictive covenants By Elisabeth Boone, CPCU In today’s competitive business landscape, safeguarding company interests is paramount. Program administrators had the opportunity to learn about the critical role of restrictive covenants in protecting their business.

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As Traffic Deaths Remain High, US Awards $1 Billion for Road Safety Projects

Insurance Journal

The U.S. Transportation Department said on Thursday it is awarding $1 billion for a series of projects aimed at reducing traffic crashes, as road deaths remain sharply higher than pre-pandemic levels.

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ELEVATE YOUR WORKFORCE

Rough Notes

Program administrators can engage students to build organizational strength By Elisabeth Boone, CPCU In a Target Markets Professional Administrators Association presentation titled “Elevate Your Workforce: Accessing Student Talent,” Tandeka Nomvete, director of external engagement at the Spencer Educational Foundation, led a lively discussion about recruiting talent at the high school and college levels.

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Germany Cracks Down on China Green Fraud in Deepening Scandal

Insurance Journal

German authorities have rejected €18 million ($20 million) worth of carbon credits after finding “irregularities” in China-based projects that were meant to lower emissions.

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Emerging Trends in Commercial Insurance: What to Watch Out for in 2024

Protect Commercial Insurance

Emerging Trends in Commercial Insurance: What to Watch Out for in 2024 The landscape of commercial insurance is continually evolving, driven by technological advancements, changing regulations, and the fluctuating needs of businesses. As we approach 2024, there are several emerging trends that companies should keep an eye on to ensure they’re adequately protected and efficiently managed.

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Fitch Ratings Shifts Global Re Outlook to Neutral; Pricing Past Peak

Insurance Journal

Fitch Ratings announced that it shifted its outlook on the global reinsurance sector to neutral yesterday but the downward shift came with an expectation of continued profitability—and a forecasted combined ratio around 90 in 2025.

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Blog Post: Mike Wilson: From Green Beret to Border Activist

LexisNexis

Todd Miller, The Border Chronicle, Sept. 5, 2024 "How does one go from a U.S. Special Forces Green Beret in El Salvador to doing humanitarian aid work on the border? This is where Tohono O’odham Mike Wilson begins this podcast conversation, with a profound and personal story of transformation. It happened at the height of the U.S. counterinsurgency campaign in 1989, when Wilson accepted an invitation to eat dinner at a family’s house in Sonsonate, where he was stationed.

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Contractor Agrees to Iowa Consent Order Regarding Unlicensed Public Adjusting

Insurance Journal

The Iowa Insurance Division entered into a consent order with a Midwest roofing contractor on Sept. 5 following a June cease and desist order against contractors acting as unlicensed public adjusters.

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Blog Post: IJ May Amend Noncompliant NTA: Matter of R-T-P-

LexisNexis

Matter of R-T-P- "[W]e conclude that written amendments made by an Immigration Judge, upon the motion of DHS, to the time and place of the hearing on the notice to appear may satisfy the requirements for a proper remedy to a noncompliant notice to appear.

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Major Book Publishers Defeat Internet Archive Appeal Over Digital Scanning

Insurance Journal

A U.S. appeals court sided with four major book publishers that accused the nonprofit Internet Archive of illegally scanning copyrighted works and lending them to the public online for free and without permission. The 2nd U.S.

Liability 263
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Blog Post: Introduction to: Borders and Belonging

LexisNexis

UCLA Law, Aug. 2024 " This excerpt is the Introduction to: Hiroshi Motomura , Borders and Belonging (Oxford University Press forthcoming early 2025). Borders and Belonging is a comprehensive yet compact analysis of responses by governments, communities, and people to human migration. It is for a general audience that wants to view migration issues from many different perspectives.

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London’s ExCel Centre Wins Insurance Appeal Over COVID-19 Losses

Insurance Journal

The owners of London’s ExCel conference center on Friday won an appeal brought by insurers, including Allianz, over pandemic-related losses, which its lawyers said could help thousands of other policyholders.

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Meet NSM Insurance Group

American Agents Alliance

Sponsored Post bu NSM Insurance Group Meet NSM Insurance Group Your go-to solution for niche, specialty insurance markets For over 30 years, NSM Insurance Group has steadily grown to become the leading specialty insurance provider with 25+ diverse programs powered by a team of more than 1,000 global employees. The company was founded and continues to be led by CEO Geof McKernan, a master at concepting and building specialty programs.

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Collision Between Jail Transport Van and Vehicle Injures 19 in Illinois

Insurance Journal

ROUND LAKE, Ill. (AP) — Nineteen people have been hurt after a jail transport van collided Wednesday with another vehicle and struck a pole in northeastern Illinois.

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Blog Post: New Employment Authorization Document (EAD) Category for T Nonimmigrant Applicants

LexisNexis

USCIS, Aug. 29, 2024 "Effective Aug. 28, DHS is establishing a new C40 category on Form I-766, Employment Authorization Document (EAD). The C40 category is for individuals with a pending Form I-914, Application for T Nonimmigrant Status, whose application is determined to be bona fide and meets the prima facie standard, and who apply and are approved for employment authorization.

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Major Book Publishers Defeat Internet Archive Appeal Over Digital Scanning

Insurance Journal

A U.S. appeals court sided with four major book publishers that accused the nonprofit Internet Archive of illegally scanning copyrighted works and lending them to the public online for free and without permission. The 2nd U.S.

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Blog Post: CA9 on Categorical Approach, Crime of Violence: USA v. Gomez

LexisNexis

USA v. Gomez "We have previously held that California Penal Code § 245(a)(1) constitutes a crime of violence, but our decisions are clearly irreconcilable with the Supreme Court’s ruling in Borden v. United States, 593 U.S. 420 (2021). In light of Borden, we hold that convictions under California Penal Code § 245(a)(1) do not qualify as crimes of violence.

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Jetfile announces partnership with Aviana to offer Insurance Risk Insights Solution (IRIS) to clients

Insurance Journal

IRIS leverages data and adds predictive science to mitigate risk for commercial property carriers Yorba Linda, CA; September 06, 2024—Jetfile, a leading provider of insurance management solutions, today announced a strategic partnership with Aviana to provide IRIS, a revolutionary commercial …

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Blog Post: 80+ Organizations Express Objection to Border Act of 2024

LexisNexis

Refugees International, Sept. 5, 2024 "United We Dream and the undersigned 83 national, international, state and local organizations write to express our unwavering objection to the Border Act of 2024 (S.4361). Recently, some have touted this bill as a reasonable piece of policy, worthy of another chance for a vote in Congress. We write this letter to make it clear that we will not allow any elected leader to treat immigrants, whether new arrivals or those who have been here for decades, as

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Blue to Become CEO of Alera Group in 2025

Insurance Journal

Alera Group said its president, Jim Blue, will become the firm’s chief executive officer, effective January 1, 2025. Blue will succeed Alan Levitz, who will become Alera Group’s Executive Chairman.

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New Mississippi Lawsuit Names Pharmacy Benefits Managers for Opioid Epidemic

Insurance Journal

JACKSON, Miss. (AP) — The state of Mississippi is suing drug manufacturers and pharmacy benefit managers alleging that opioids were over-prescribed.

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