Tue.Sep 10, 2024

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Iowa Manufacturer to Pay $51K Fine For Alleged Hazardous Waste Violations

Insurance Journal

Hawkins Inc., a chemical manufacturer based in Camanche, Iowa, will pay $51,158 in civil penalties and purchase equipment for local emergency responders to resolve alleged violations of the federal Resource Conservation and Recovery Act (RCRA).

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What Is the California FAIR Plan?

Property Insurance Coverage Law

Losses from recent wildfires in California have led many insurance carriers to scale back, and some have completely ceased writing insurance in several California regions. For homeowners who have found themselves unable to find another company that will insure their property, the California FAIR Plan remains the only option. So what is it? And how … The post What Is the California FAIR Plan?

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Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims

Insurance Journal

Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespread premium increases and professional discipline.

Liability 264
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Appraising Facts Regarding Business Income Loss Much More Efficiently Than Litigating and Then Appraising Business Interruption Losses

Property Insurance Coverage Law

Resolving disputes through appraisal or arbitration may be, but is certainly not always, less costly and efficient. This is especially true when the policy calls for arbitration of a commercial dispute, where the costs of the arbitration panel can run into hundreds of thousands of dollars and discovery is conducted, with parties paying for arbitrators, … The post Appraising Facts Regarding Business Income Loss Much More Efficiently Than Litigating and Then Appraising Business Interruption

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EU’s Vestager Triumphs in Crackdown on Apple’s Tax Deal, Google’s Practices

Insurance Journal

EU antitrust chief Margrethe Vestager scored two major wins on Tuesday as Europe’s top court backed her crackdown against Apple’s Irish tax deal and Google’s anti-competitive practices in two landmark cases.

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How Insurance Agents Can Use Fact Finders for Sales and Future Opportunities

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. A well-crafted fact finder is one of the most powerful tools an insurance agent can use to build relationships, close sales, and set the stage for future sales opportunities. It not only helps agents understand their clients’ immediate needs but also provides valuable information that can be used in the future to re-engage clients, adjust policies, and offer additional services.

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SEC Hits 7 Companies With Penalties for Violating Whistleblower Protections

Insurance Journal

Seven public companies agreed to pay a combined $3 million to settle U.S. Securities and Exchange Commission charges they violated whistleblower protections, the regulator said on Monday. TransUnion agreed to pay $312,000 and Acadia Healthcare Company will pay $1.

More Trending

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Keurig Agrees $1.5M SEC Fine Over Pod Recyclability Statements

Insurance Journal

Keurig Dr Pepper Inc. agreed to pay a $1.5 million fine to settle U.S. Securities and Exchange Commission charges that the beverage company made inaccurate statements regarding the recyclability of its K-Cup pods, the regulator said on Tuesday.

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Gulf of Mexico offshore platforms evacuated ahead of Storm Francine

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Gulf of Mexico offshore platforms evacuated ahead of Storm Francine appeared first on Insurance Marine News.

Marine 105
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Missouri Patient Infected with Bird Flu Without Animal Contact

Insurance Journal

A hospitalized patient in Missouri was infected with bird flu despite having had no known contact with dairy cows or other animals associated with an ongoing outbreak, health officials said Friday. This is the 14th person in the U.S.

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Turkish cargo ship abandoned after collision off Iran

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Turkish cargo ship abandoned after collision off Iran appeared first on Insurance Marine News.

Marine 101
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CRC Group Adds New People in Southeast

Insurance Journal

CRC Group, a wholesale specialty insurance distributor, has added new faces to its team. Davon Fields has joined CRC’s Birmingham, Alabama, office as a broker. He recently was vice president with an insurance brokerage.

Broker 262
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West appoints Bart Mertens as Chief Underwriting Officer

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post West appoints Bart Mertens as Chief Underwriting Officer appeared first on Insurance Marine News.

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Moody’s: Insurers and Asset Managers Bolstering Cyber Defenses

Insurance Journal

Insurers and asset managers worldwide continue to focus on cybersecurity amid growing risks, according to findings from a Moody’s Ratings survey that polled 110 companies operating across both sectors.

Cyber 262
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30 Day AEP Success Blueprint

PSM Brokerage

Your Step-by-Step Guide to Mastering the Medicare Annual Enrollment Period. Why AEP Success Matters Overview: The Annual Enrollment Period (AEP) is a crucial time for Medicare agents. Success during this period can significantly impact your business for the entire year. AEP runs from October 15th to December 7th, and it's essential to be well-prepared, compliant, and proactive.

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DBS Group Considers Forming Insurance Partnerships in India, Taiwan: Sources

Insurance Journal

DBS Group Holdings Ltd. is considering forming insurance partnerships in India and Taiwan to expand its services in the region, according to people familiar with the matter. The Singapore-based lender is working with Goldman Sachs Group Inc.

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Washington State Ferries’ termination of sale of two vessels raises crew welfare worries on tug

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Washington State Ferries’ termination of sale of two vessels raises crew welfare worries on tug appeared first on Insurance Marine News.

Marine 97
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New Portuguese Government to Keep Ban on Chinese 5G Equipment

Insurance Journal

Portugal’s center-right government will keep the previous administration’s ban on telecoms firms using Chinese equipment in their 5G networks, a minister said, despite the projected cost of a position that is among the toughest in Europe.

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Reserves at Group Clubs back to “historic highs”: Gallagher

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Reserves at Group Clubs back to “historic highs”: Gallagher appeared first on Insurance Marine News.

Marine 97
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Another Fast-Growing Southern California Wildfire Forces Evacuations

Insurance Journal

A Southern California wildfire that broke out in Orange County’s Trabuco Canyon Monday has exploded to more than 8,500 acres overnight. By Tuesday morning, the Airport Fire had forced the evacuation of some homes in the area.

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Eleven Considerations for Selecting Your Workers’ Comp Company Doctor

AMAXX

When selecting a company doctor or a preferred occupational medicine clinic for your workforce, it is crucial to keep several key factors in mind. Ensuring that your employees receive top-notch care, while also focusing on reducing downtime, improving recovery, and fostering a positive working relationship between employer, employee, and medical provider, is essential.

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Trojan Condoms Contain ‘Forever Chemicals,’ Lawsuit Claims

Insurance Journal

A new lawsuit on Monday claims that Trojan condoms are not safe because they contain toxic “forever chemicals,” which have been linked to cancer.

Claim 278
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NTRC Marks 20 Years of Studying Nanotoxicology: Highlights from the Toxicology and Internal Dose Team

CDC: Workers Compensation

Where It Started As the Nanotechnology Research Center (NTRC) marks its 20th anniversary, we reflect on our achievements in the field of nanotoxicology. Within the National Institute for Occupational Safety and Health (NIOSH), one NTRC goal is to understand possible harm from nanomaterials in workplaces. Our work has its origins in earlier research.

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Finland’s Sampo Secures Deal for Danish Insurer Topdanmark

Insurance Journal

Finland’s Sampo Oyj succeeded in pushing through an offer for Topdanmark A/S in its second attempt to gain control of the Danish insurer. The Finnish insurance company raised its holding in Topdanmark to about 92.

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September is National Yoga Awareness Month

R&R Insurance

September is National Yoga Awareness Month. Starting yoga can feel intimidating, but remember it's a journey, not a destination. Find a comfortable space at home or a welcoming local studio to practice regularly. Many online resources and beginner classes can guide you through the basics. Yoga offers numerous benefits for overall wellbeing. Physically, it improves strength, balance, and flexibility, eases joint pain, and increases mobility.

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Tropical Storm Francine Churns Toward Louisiana as Path Shifts

Insurance Journal

Tropical Storm Francine is set to become a hurricane Tuesday as it churns toward Louisiana after shifting east, forcing some oil drillers to halt production but following a path that will likely avert key natural gas export plants.

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Streamline Your Sales Processes With Help from Word & Brown’s Broker Support Teams

Word & Brown

One of the reasons so many brokers choose Word & Brown as their General Agency partner is so they can take advantage of the streamlined sales processes offered by our broker support teams. Each has a specialized focus, but they work collaboratively to ensure you get the support you need. Whether you are quoting, submitting new business, enrolling, servicing, or renewing your groups, we deliver the support you need to expedite sales.

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Arrowhead announces new carrier partnership for New Jersey homeowners

Insurance Journal

SAN DIEGO, CA., September 10, 2024 – Arrowhead General Insurance Agency, Inc. is pleased to announce its new carrier relationship with DB Insurance Company. Together we have introduced a new admitted homeowner’s program in the state of New Jersey.

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Greece plans €20 levy on some cruise ship passengers

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Greece plans €20 levy on some cruise ship passengers appeared first on Insurance Marine News.

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The Essential Role of BPO in Streamlining Insurance Operations

Insurance Journal

This post is part of a series sponsored by Selectsys. In the fast-paced world of insurance, efficiency and accuracy are paramount. Insurance carriers, MGAs, and wholesalers are increasingly turning to Business Process Outsourcing (BPO) to streamline their operations.

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Emergency arrangements must be “clearly defined”: ATSB

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Emergency arrangements must be “clearly defined”: ATSB appeared first on Insurance Marine News.

Marine 52
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This Niche Agency Grew 200% by Digitizing Their Agency Bill and Surplus Lines Business.

Insurance Journal

Los Angeles, CA, September 10, 2024 – SL Digitized introduces a groundbreaking platform that digitizes and automates the selling and servicing of new and renewal agency bill and surplus lines business.

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Geopolitical tension is creating a “choppy outlook” for seaborne trade, says Swiss Re Institute

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Geopolitical tension is creating a “choppy outlook” for seaborne trade, says Swiss Re Institute appeared first on Insurance Marine News.

Marine 52
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Getting the Green Light: Are High-Tech Upgrades Coming Soon to Roads?

Insurance Journal

The secret to avoiding red lights during rush hour in Utah’s largest city might be as simple as following a bus.

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Blog Post: Legal Management Software vs Case Management Software

LexisNexis

In many industries, there is a co-mingling of terms to describe the same or similar functions. In the in-house legal world, "legal management software," “legal matter management software,” and "case management software" are often used interchangeably. This leads to confusion about their differences and whether one approach is more effective and valuable for in-house legal functions.

Risk 52
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Residents in Louisiana City Still Recovering From 2020 Hurricanes

Insurance Journal

LAKE CHARLES, La. (AP) — Every other day Lois Malvo waits for her son to bring six buckets of water from a spigot in the backyard.

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Turn Your NPS Scores & Google Reviews into Winning Insurance Sales Strategies

InsuredMine

First, let’s break it down a bit. NPS, if you’re not familiar, is that simple question we ask clients: “On a scale of 0-10, how likely are you to recommend our services to a friend or colleague?” And Google reviews, well, we all know those can make or break a business these days. But here’s the kicker – it’s not just about collecting these numbers and stars.