Mon.Aug 26, 2024

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Conflicting Federal Policies May Cost Residents Near Dams More on Flood Insurance

Insurance Journal

Conflicting federal policies may force thousands of residents in flood-prone areas to pay more for flood insurance or be left unaware of danger posed by dams built upstream from their homes and worksites, according to an Associated Press review of …

Policy 299
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Mold, Sewage, and Delayed Adjustments or Indecision

Property Insurance Coverage Law

Why do claims adjusters take so long to make decisions when decisions need to be made right away? This was a question racing through my mind while reading an Order in Radius Marketing Group, Inc. v. Continental Casualty Company, 1 a bad faith case denying the insurers’ motion to dismiss. The case is still ongoing, … The post Mold, Sewage, and Delayed Adjustments or Indecision appeared first on Property Insurance Coverage Law Blog.

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Scientists at Iowa Research Facility Race to Halt Spread of Bird Flu

Insurance Journal

AMES, Iowa (AP) — At first glance, it looks like an unassuming farm. Cows are scattered across fenced-in fields. A milking barn sits in the distance with a tractor parked alongside.

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How to Get Business Insurance: A Comprehensive Guide

Central Insurance

Discover how to get business insurance tailored to your company’s needs. This blog covers essential policy types and tips for working with your insurance agent to ensure your business is fully protected. The post How to Get Business Insurance: A Comprehensive Guide appeared first on Central Insurance Blog.

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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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Union Rep Says WV Governor Still Late on Greenbrier Bills

Insurance Journal

CHARLESTON, W.Va. (AP) — West Virginia Gov. Jim Justice’s family is millions of dollars behind on payments to employees’ health insurance fund at their financially beleaguered hotel, putting workers’ coverage at risk despite the U.S.

Claim 289

More Trending

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New Jersey Raises Workers’ Compensation Attorney Fee Cap to 25%

Insurance Journal

New Jersey has raised the cap on fees for attorneys handling workers’ compensation cases from 20% to 25% of settlements. The primary sponsors of S2822/A3986 were Senator Joseph Lagana and Assemblymen Anthony Verrelli and Robert Karabinchak.

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Questions begin on Bayesian sinking

Insurance Marine News

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

Marine 108
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Captain of Sunken Superyacht Placed Under Investigation, Source Says

Insurance Journal

Italian prosecutors have placed under investigation the captain of the superyacht that sank off Sicily last week in a storm, killing British tech magnate Mike Lynch and six other people, a judicial source said on Monday.

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Quiz: Supervisor Response to a Workplace Injury – How Would You Respond?

AMAXX

When an employee gets injured at work, the way a supervisor responds can have a profound impact on the outcome for both the employee and the employer. To better grasp this, let’s walk through a hypothetical scenario that illustrates two different supervisor responses to an employee’s injury and explore the potential consequences of each approach.

Injury 105
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Australians Can Now Legally Ignore Work Calls, Emails After Hours

Insurance Journal

Australians can now legally ignore unreasonable after-hours work calls and emails under new government legislation that came into effect on Monday, drawing criticism from business groups.

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Canadian rail shutdown ends quickly

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Canadian rail shutdown ends quickly appeared first on Insurance Marine News.

Marine 100
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AM Best Assigns Issue Credit Rating to Church Mutual’s Surplus Notes

Insurance Journal

AM Best said it has assigned and placed under review with negative implications a Long-Term Issue Credit Rating of bbb+ (Good) to the $40 million, 9.5% surplus notes due 2044 issued by Church Mutual Insurance Company, S.I.

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Russian cargo ferry sinks following Kavkaz port attack

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian cargo ferry sinks following Kavkaz port attack appeared first on Insurance Marine News.

Marine 94
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Louisiana Insurers Required to Submit Hurricane Season Data by Aug. 30 Deadline

Insurance Journal

Insurers in Louisiana have until Friday, Aug. 30 to compete a data call relating to property and casualty homeowners’ insurance policies and commercial lines property policies during the 2024 hurricane season.

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Sounion could become major tanker spill

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Sounion could become major tanker spill appeared first on Insurance Marine News.

Marine 94
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US Justice Department Accuses RealPage of Driving Up Rents

Insurance Journal

The U.S. Department of Justice and eight states sued RealPage on Friday, accusing the property management software company of using algorithms to help landlords illegally collude and drive up rents for apartments.

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US adds 400 new names to sanctions list

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US adds 400 new names to sanctions list appeared first on Insurance Marine News.

Marine 66
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Stora Suspends Forest Harvesting After Thousands of Mussels Die

Insurance Journal

Finnish forestry company Stora Enso Oyj suspended some harvesting activities after thousands of endangered freshwater pearl mussels died at one of its sites.

Liability 278
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E5 Considerations for Insurers

Cowbell

As cyber insurers move upmarket, they are increasingly encountering prospects that either already have or are considering purchasing an enterprise software license like the Microsoft E5 license. This shift brings a mix of opportunities and challenges from a risk reduction perspective. Enterprise software licenses can provide extensive security functionality, but the implications of this for insurers are multifaceted.

Cyber 59
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Kroger Case Tests FTC Chair’s Bid to Protect Workers

Insurance Journal

Federal Trade Commission Chair Lina Khan’s initiative to use antitrust laws to protect workers faces a key test starting Monday when the agency will argue the merger between grocery chain Kroger and its rival Albertsons would crush unionized workers’ bargaining …

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Builder’s Risk Insurance in Michigan: Online Quotes, Coverages, and Costs 

Distinguished

Construction is on everyone’s mind in Michigan right now. Whether it’s the work going into revitalizing downtown Detroit or the soaring costs of home prices across the Wolverine State, a lot of time, money, and thought is going into construction work across the state. However, alongside all of this construction comes large financial risks. Under-construction buildings can be prone to fire, vandalism, and theft, which can end up costing their backers and owners millions.

Risk 52
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Smoke Plume Over Houston Fades After TPC Restores Power

Insurance Journal

Texas chemical producer TPC Group Inc. has restored normal operations at its facility that spewed thick, black smoke into the Houston sky for almost four hours Monday.

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Marine round-up : 27th August 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 : 27th August 2024 appeared first on Insurance Marine News.

Marine 52
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Hawaiian Electric Raises Going Concern Doubts on Uncertainties Over Wildfire Settlement Financing

Insurance Journal

Utility firm Hawaiian Electric raised going concern doubts on Friday after disclosing that it did not have a financing plan in place for the $1.99 billion Maui wildfire settlement it reached earlier this month.

Damage 277
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Threatened Fremantle strike called off, but bad weather impacts port operations

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Threatened Fremantle strike called off, but bad weather impacts port operations appeared first on Insurance Marine News.

Marine 52
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Alabama High School Football Player Dies From Brain Injury in Season Opener

Insurance Journal

A high school football player in Alabama died after he suffered a brain injury in a Friday night game, according to multiple news reports.

Injury 277
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What does market-leading cyber claims management look like?

Accenture: Cyber Insurance

Recently, many leading insurers have applied transformative solutions to enhance their cyber products. With the cyber insurance market projected to double to $29B by 2027, we explore what constitutes market-leading cyber claims management. In this blog we’ll delve into the complexities of responding to cyber claims, the essential skills required by claims adjusters, and the… What does market-leading cyber claims management look like?

Cyber 52
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Typhoon Shanshan Headed for Japan Threatens Transport Links

Insurance Journal

Typhoon Shanshan is expected to approach Japan’s southern island of Kyushu on Tuesday or Wednesday, with railway operators warning of service disruptions and an airline canceling flights.

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A Case For Strength and Stability: What Brokers Should Prioritize in Partnerships

American Agents Alliance

Sponsored Post: The past several years in the Auto Insurance Industry have been nothing short of disruptive. With regulatory reforms, natural disasters, and increased costs, there has been a barrage of challenges that negatively impacted the market. Now, more than ever, strength, stability, and consistency should be at the top of the priority list when agencies and individuals evaluate potential carrier partnerships.

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Overweight Dump Truck Left Hole in Covered Bridge When It Crashed Into River

Insurance Journal

The driver of a dump truck learned the hard way that it’s best not to tempt fate on a covered bridge originally built before the Civil War.

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Blog Post: Experts: Challenge to Biden's "Keeping Families Together" (Parole in Place) Program May Fail on Standing

LexisNexis

Andrew Kreighbaum, Bloomberg, Aug. 23, 2024 "About half a million immigrants married to American citizens are expected to qualify for the program—dubbed Keeping Families Together by the Biden administration—launched Aug. 19, along with another 50,000 immigrant stepchildren. The states bringing the lawsuit argued that they would suffer “considerable financial injuries on education, health care, and law-enforcement costs that they would not otherwise incur but for the PIP Program.”.

Injury 45
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Texas DWC to Hold Brown Bag Series on Dispute Resolution

Insurance Journal

The Texas Department of Insurance, Division of Workers’ Compensation will hold a Brown Bag Series with stakeholders in the workers’ compensation system this fall, with a half dozen meetings scheduled across the state.

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Blog Post: Parole in Place – A Means to an End or An End in Itself?

LexisNexis

Cyrus D. Mehta, Kaitlyn Box, Aug. 26, 2024 "On June 18, 2024, President Biden announced new measures aimed at ensuring that “U.S. citizens with noncitizen spouses and children can keep their families together”. One of these measures provides a discretionary grant of parole in place (“PIP”) to individuals who: are present in the United States without admission or parole; have been continuously physically present in the United States since at least June 17, 2014; have a legally valid marriage

Policy 45