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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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
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Singapore and other ports start screenings for mpox

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Singapore and other ports start screenings for mpox appeared first on Insurance Marine News.

Marine 111
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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.

More Trending

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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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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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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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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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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 91
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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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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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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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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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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?

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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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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 275
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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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Halliburton Probes Impact of Cyberattack With Law Enforcement

Insurance Journal

Top U.S. oilfield services firm Halliburton said on Friday it was working with law enforcement to determine the extent of a computer systems breach and was yet to determine if the incident would have a material impact on its business.

Cyber 274
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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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Australian Homeowners Struggling to Afford Insurance as Climate Risks Grow: Report

Insurance Journal

Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dollars in mortgage loans at risk, a report said on Monday.

Risk 272
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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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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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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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North Carolina Supreme Court Says Speedway Can Sue Over COVID Closure

Insurance Journal

RALEIGH, N.C. (AP) — A North Carolina racetrack, shuttered briefly for defying state gathering limits during the pandemic, can sue the top health regulator on allegations that Gov.

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Blog Post: New Report Exposes Rampant Abuse in Louisiana ICE Immigration Jails

LexisNexis

Robert F. Kennedy Human Rights, the ACLU, the ACLU of Louisiana, Immigration Services & Legal Advocacy, National Immigration Project, Aug. 26. 2024 "A coalition of immigrants’ rights groups including Robert F. Kennedy Human Rights , the ACLU , the ACLU of Louisiana , Immigration Services & Legal Advocacy , and the National Immigration Project today released a new report documenting widespread abuse and inhumane treatment at nine immigration detention facilities across Louisiana.

Damage 45
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How to Protect Your Fleet from Phishers Posing as the FMCSA

Insurance Journal

This post is part of a series sponsored by IAT Insurance Group. The Federal Motor Carrier Safety Administration (FMCSA) has issued a warning about a sophisticated phishing scam targeting motor carriers.

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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
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People Moves: Chaucer Hires Baker From AXA XL to Lead Political Violence Team; EagleView Hires Cooke for Enterprise Growth

Insurance Journal

Global specialty insurer Chaucer hired Alex Baker as class underwriter within its political violence and crisis management team. Baker will lead the delivery of their growth strategy and portfolio management in the US market.

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Wildfire Risk Harms California Home Values, San Francisco Fed Study Finds

Insurance Journal

California’s wildfires are weighing on home prices more than in the past, and insurance availability does little to help in areas considered to be at higher risk, according to a Federal Reserve Bank of San Francisco study.

Risk 264