Wed.Nov 20, 2024

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Modern Cars Are Surveillance Devices on Wheels With Major Privacy Risks: Report

Insurance Journal

New research reveals serious privacy flaws in the data practices of new internet connected cars in Australia. It’s yet another reason why we need urgent reform of privacy laws. Modern cars are increasingly equipped with internet-enabled features.

Risk 346
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When Do Insurance Company Lobbyists and Trade Association Supporters Lie About Insurance Fraud Statistics? Every Time They Say or Write Anything

Property Insurance Coverage Law

Professor Jay Feinman, Co-Director of the Center for Risk and Responsibility, has prepared an analysis of the $308.6 billion figure that concludes it is pure misinformation. 1 The methodology used to arrive at fraud figures given to the media and cited publicly to government authorities by these propagandists is unsound. For example, the Coalition Against … The post When Do Insurance Company Lobbyists and Trade Association Supporters Lie About Insurance Fraud Statistics?

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Redfin Reports Home Sales Dropping Fast in Five Florida Metro Areas

Insurance Journal

The five U.S. metropolitan areas with the biggest drop in home sales are all in Florida, the result of a perfect storm of rising insurance costs, homeowner association fees and repeat storms, a home sales tracking service reported Wednesday.

Insurance 299
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UN institute calls for unified UN-level maritime security strategy

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post UN institute calls for unified UN-level maritime security strategy appeared first on Insurance Marine News.

Marine 102
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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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AT&T Stadium Roof Debris Falls to Field Before Dallas Cowboys Game

Insurance Journal

ARLINGTON, Texas (AP) — A piece of the roof at the home of the Dallas Cowboys fell to the field while the retractable portion of it was being opened at least three hours before a 34-10 loss to Houston on …

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General Mills to Engage Regulators on Food Dyes Targeted by RFK Jr.

Insurance Journal

General Mills Inc. is planning to engage federal officials over potential restrictions on food dyes that it uses in some of its cereals, as Robert F. Kennedy Jr.

Liability 264
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HMNZS Manawanui fuel removal to get under way in December

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post HMNZS Manawanui fuel removal to get under way in December appeared first on Insurance Marine News.

Marine 98
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KBRA Downgrades Insurance Financial Strength Ratings of Oregon Mutual Insurance Company

Insurance Journal

KBRA downgraded the insurance financial strength ratings (IFSR) of Oregon Mutual Insurance Co. and its wholly owned subsidiary, Western Protectors Insurance Co. to BBB+ from A-. The outlooks for both ratings remain negative.

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X-Press Feeders joins war of words with new Sri Lankan government

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post X-Press Feeders joins war of words with new Sri Lankan government appeared first on Insurance Marine News.

Marine 96
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T-Mobile Caught Hackers Early, Averting Data Leak

Insurance Journal

T-Mobile US Inc. was able to contain a recent network breach before it reached customers’ phones, according to people familiar with the matter.

Cyber 264
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Incoming Regulations January 1st 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Incoming Regulations January 1st 2025 appeared first on Insurance Marine News.

Marine 93
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Allianz Offers 5 Loss Trends to Watch on the Liability Front

Insurance Journal

As the costs of nuclear and thermonuclear verdicts explode in the U.S., organizations are examining ways to predict, prevent and avoid the liabilities that light the fuse on multi-million-dollar court cases.

Liability 264
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Talk of “hybrid war” threat between Russia and Western Europe

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Talk of “hybrid war” threat between Russia and Western Europe appeared first on Insurance Marine News.

Marine 82
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Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 38% YTD

Insurance Journal

The 22 acquirers that make up the Sica Fletcher Index were involved in 142 agent-broker deals in the third quarter to match the amount of deal from the same quarter last year.

Broker 264
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Q3 2024 Cyber Threat Report: Key Ransomware & Cyber Attack Statistics

Corvus

Introduction In Q3 2024, the ransomware threat level remained elevated. While the increase in attacks quarter-over-quarter was marginal, a continuously high volume of attacks over an extended period points to a more enduring insight about the ransomware ecosystem today: unlike previous periods, where high levels of activity were clearly linked to the discovery of a particular vulnerability, current activity appears to be driven by a broad-based, “organic” increase in ransomware attacks.

Cyber 72
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Accused of Going Too Far, UK Finance Regulator Plots Where to Go Next

Insurance Journal

The UK’s top financial regulator has spent much of its eleven-year history in combat with the industry it oversees, a tone set by its first chief executive Martin Wheatley, whose zeal for fining banks got him ousted in 2015.

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Marine round-up : 21st November 2024

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 : 21st November 2024 appeared first on Insurance Marine News.

Marine 52
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A-G Specialty Acquires Michigan’s First Agency TPA

Insurance Journal

A-G Specialty announced the acquisition of First Agency TPA, A Gallagher Company.

Risk 262
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NorthStandard goes for 5% general increase

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post NorthStandard goes for 5% general increase appeared first on Insurance Marine News.

Marine 52
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New Florida Legislative Leaders Talk Tough on Property Insurance, But No Specific Plans

Insurance Journal

Florida’s newest legislative leaders on Tuesday rattled some sabers about property insurance rates and claims but offered no agenda for the upcoming session that begins in March, according to state news reports.

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CyXcel Executive Interview with Dr. Megha Kumar and Jack Horlock

Zywave

Digital threats are evolving by the hour. In order for organizations to thrive, they need to focus on resilience. In this exclusive CyXcel executive interview, two leading experts in the field, Dr. Megha Kumar, Partner, Chief Product Officer, and Head of Geopolitical Risk, and Jack Horlock, Principal Associate, share their invaluable insights into the future of cyber risk.

Cyber 52
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Judge Tosses Ex-Arkansas Governor’s Suit Against Meta Over CBD Advertisement

Insurance Journal

A federal judge in Delaware on Monday dismissed a lawsuit filed by former Arkansas Gov. Mike Huckabee against social media giant Meta over advertisements using his name and image to sell CBD products.

Claim 246
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Why Lightspeed Voice is the Ultimate VoIP Solution for Insurance Agencies

Agency Intelligence

In today’s fast-paced, service-driven world, insurance agencies know that efficient communication is essential for success. Having a reliable, high-quality, and fully integrated VoIP system is no longer just an option; it’s a must-have for any agency aiming to grow its client base and deliver exceptional customer service.

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New York Insurance Broker Caught in $38 Million Nursing Home Tax Fraud Scheme

Insurance Journal

Prosecutors report that a New York insurance broker has admitted his role in a $38 million employment tax fraud scheme involving nursing homes he owned across the country, U.S. Attorney Philip R.

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Blog Post: LexisNexis® CounselLink+™ Wins "Contract Lifecycle Management Platform of the Year" in 2024 LegalTech Breakthrough Awards Program

LexisNexis

LexisNexis® CounselLink+™ has been honored with the prestigious title of "Contract Lifecycle Management Platform of the Year" in the 2024 LegalTech Breakthrough Awards. This recognition highlights our commitment to driving innovation and excellence in the global legal industry. Revolutionizing Contract Lifecycle Management CounselLink+ represents the next generation of contract lifecycle management, seamlessly integrating our Enterprise Legal Management (ELM) and Contract Lifecycl

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Bank of Spain Estimates Floods Cost 0.2% of GDP in 4th Quarter

Insurance Journal

Last month’s catastrophic floods in eastern Spain are likely to have a negative impact of 0.2 percentage points on the country’s gross domestic product in the fourth quarter, the Bank of Spain said on Wednesday.

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Does Credit Score Affect Home Insurance? A Closer Look

TGS

TGS Insurance » Blog Does Credit Score Affect Home Insurance? A Closer Look If you’ve ever applied for home insurance and wondered why your credit score comes into play, you’re not alone. It’s one of those questions that might catch you off guard—after all, what does borrowing history have to do with insuring your home? Turns out, quite a bit. Let’s explore how and why your credit score affects your home insurance , what insurers are really looking at, and what you can do to keep your premiums m

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Library of Congress Says an Adversary Hacked Some Emails

Insurance Journal

The Library of Congress has notified lawmakers of a “cyber breach” of its IT system by an adversary, a hack of emails between some congressional offices and library staff, according to an email obtained by The Associated Press.

Cyber 246
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Strategy for Success: Navigating 2025 Market Trends

Zywave

2024 is rapidly coming to an end, and that means it’s time to get ready for 2025. If you want to unlock more success in the new year, then you need to understand 2025 market trends and have a solid plan in place. Get the insights you need to be a competitive player in the market and set yourself up for your best year. What are the Developments and Trends to Watch in 2025?

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Slot Machine Operator International Game Reports Hacker Incident

Insurance Journal

International Game Technology Plc, operator of popular slot machines in casinos, said an unauthorized third party gained access to certain of its systems.

Cyber 246
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Iran calls new sanctions against it “unjustified” and breach of international law

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Iran calls new sanctions against it “unjustified” and breach of international law appeared first on Insurance Marine News.

Marine 52
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4 Things You Should Know about E&O Insurance for Insurance Agents

Insurance Journal

This post is part of a series sponsored by Darkhorse Insurance. Ever wonder how some insurance agents seem to glide through potential pitfalls without breaking a sweat? It’s not just about luck; it’s about having the right coverage.

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Denmark bans scrubber discharge

Insurance Marine News

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

Marine 52