Thu.Sep 12, 2024

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How Big Was the Cat? Investigator Warns About Claims of Clogged Toilets

Insurance Journal

Did you hear the one about cat poop clogging a toilet, resulting in thousands of gallons of sewage water in the home and a big insurance claim?

Claim 312
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Leakage and McKinsey Claims Process Handling Still at Issue

Property Insurance Coverage Law

The post “Are Insurers Using “New Construction” Xactimate Settings Wrongfully Underpaying Claims?” noted that “lawsuits are starting to be filed on a more regular basis regarding State Farm’s alleged wrongful use of Xactimate to underpay claims based on ‘new construction’ settings.” One of those cases was an unsuccessful attempt to make a class action regarding … The post Leakage and McKinsey Claims Process Handling Still at Issue appeared first on Property Insurance Coverage L

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Florida Home Inspector Used Stock Photos 200 Times, Defrauding Citizens, DFS Says

Insurance Journal

A Florida home inspector allegedly used the same stock photographs in more than 200 home and wind-mitigation inspections, costing Citizens Property Insurance Corp. more than $88,000, the state Department of Financial Services said after the man was arrested.

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Blog Post: Unlocking Personalized Legal Drafting with DMS Connectivity

LexisNexis

By Madison Johnson, Esq. | Marketing Manager The current generation of commercial Generative Artificial Intelligence (Gen AI) tools have dazzled legal professionals with their capabilities for generating rough drafts of documents from scratch. But what they have quickly discovered to be missing are the reliability of accurate legal citations, personalized content that is unique to their law firm’s client experience, and the individual voice or perspective of the lawyer creating the legal documen

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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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Hospital to Pay $65M to End Suit Over Cyber Attack That Exposed Patients’ Nude Photos

Insurance Journal

Lehigh Valley Health Network has agreed to a $65 million settlement of a class action with patients and employees affected by a 2023 ransomware attack that exposed personal and medical information including nude photos of patients.

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Francine Estimated to Cause $9B in Damage With $1.5B in Insured Losses

Insurance Journal

A preliminary estimate shows total damage and economic loss from Hurricane Francine in the U.S. is expected to be $9 billion.

Damage 290
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Shipowners’ Club reports underwriting surplus at half-year point

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Shipowners’ Club reports underwriting surplus at half-year point appeared first on Insurance Marine News.

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Lloyd’s of London Plans to Overhaul ‘Unclear’ Rules on Dealing With Poor Conduct

Insurance Journal

Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial insurance market as its current processes for dealing with bad behavior could be “unclear.

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UK sanctions 10 of Russia’s ‘shadow fleet’

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post UK sanctions 10 of Russia’s ‘shadow fleet’ appeared first on Insurance Marine News.

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Venture Capital Fund Ends Grant Program for Black Women After Lawsuit

Insurance Journal

An Atlanta-based venture capital fund on Wednesday agreed to stop operating a program that awarded grants to small businesses run by Black women to settle a lawsuit by an anti-affirmative action group that claimed it discriminated based on race.

Claim 278
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Russian missile strikes civilian grain ship in western Black Sea

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian missile strikes civilian grain ship in western Black Sea appeared first on Insurance Marine News.

Marine 104
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OpenAI, Nvidia Executives Discuss AI Infrastructure Needs With Biden Officials

Insurance Journal

OpenAI Chief Executive Officer Sam Altman and Nvidia Corp.

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Ruby saga continues

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ruby saga continues appeared first on Insurance Marine News.

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Top EU Privacy Regulator Opens Probe Into Google’s AI Compliance

Insurance Journal

The top EU privacy regulator opened an inquiry on Thursday into whether search engine giant Google adequately protected European Union users’ personal data before using it to help develop its foundational AI Model.

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Are you game day ready? Your tailgating safety tips playbook.

Frankenmuth Insurance

You see your team colors around you, the food is on the grill, you hear cheers and excitement in the air. It can only mean one thing … it’s game day. The only thing better than gathering with friends to cheer on your favorite team is the pre-game tailgate. To ensure a safer event, we have some ideas to add to your playbook. So, cheer hard, be smart, and follow our nine tailgating safety tips all season long.

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Sentry Buys Nonstandard Auto Insurer The General From American Family for $1.7B

Insurance Journal

Sentry Insurance said it is buying nonstandard auto insurer The General from American Family Insurance for about $1.7 billion to mark the largest acquisition in the company’s 120-year history. Sentry will pay $1.

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It’s That Time of Year Again – Do You Know How to Be Compliant in Handling Your MLR Rebate?

R&R Insurance

Employers with insured group health plans may soon receive a medical loss ratio (MLR) rebate from their health insurance issuers. Issuers who did not meet the applicable MLR percentage for the last calendar year must provide rebates to plan sponsors by September 30th. These rebates may be in the form of a premium credit or a lump-sum payment. Most group health plans sponsored by employers in the private sector are subject to ERISA.

Premium 59
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Supreme Court’s Zeal to Curb Agency Power Looms in New Term

Insurance Journal

Fresh off a blockbuster US Supreme Court decision that rolled back the power of federal agencies to regulate business, big-government foes are pressing an even bolder agenda.

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US Coast Guard schedules hearing on loss of the submersible Titan

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US Coast Guard schedules hearing on loss of the submersible Titan appeared first on Insurance Marine News.

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Thailand Raises Flood Warnings as Deaths Rise After Typhoon Yagi

Insurance Journal

Thailand warned a new storm may cause more floods and landslides, while death toll from Typhoon Yagi and the monsoon rains continued to rise.

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Pool Claims in 2023/24 remain subdued, but Dali hangs over 2024/25: Tysers

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Pool Claims in 2023/24 remain subdued, but Dali hangs over 2024/25: Tysers appeared first on Insurance Marine News.

Claim 52
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A Continent Ablaze: South America Surpasses Record for Fires

Insurance Journal

South America is being ravaged by fire from Brazil’s Amazon rainforest through the world’s largest wetlands to dry forests in Bolivia, breaking a previous record for the number of blazes seen in a year up to Sept. 11.

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World’s first 27,500 teu container ship is unveiled

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post World’s first 27,500 teu container ship is unveiled appeared first on Insurance Marine News.

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China Braces for Another Typhoon After Yagi Slammed South Coast

Insurance Journal

Typhoon Bebinca is forecast to hit the east coast of China early Monday, threatening to bring excessive rainfall that could disrupt oil refineries and LNG import terminals and paralyze transport.

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Real urgency to protect subsea infrastructure, say industry panellists

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Real urgency to protect subsea infrastructure, say industry panellists appeared first on Insurance Marine News.

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Property Drives E&S Growth of 15% in 2023 to Increase Overall P/C Share

Insurance Journal

For the sixth straight year, U.S. excess and surplus insurers in 2023 saw double-digit growth in direct written premiums.

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Oiled birds found as South Africa investigates container ship spill

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Oiled birds found as South Africa investigates container ship spill appeared first on Insurance Marine News.

Marine 52
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Francine Knocks Out Power to Hundreds of Thousands in US South

Insurance Journal

Francine knocked out power to nearly half a million homes and businesses and canceled hundreds of flights across the US South after coming ashore as a hurricane.

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Top 10 Reasons to Become an Insurance Agent for Seniors

P&L Financial Services

Choosing a career as an insurance agent for seniors can be incredibly rewarding, offering both personal fulfillment and professional growth. Here are the top reasons why this career path might be perfect for you. Growing Demand for Senior Insurance As the population ages, the demand for senior insurance services continues to rise. With more seniors requiring specialized insurance plans, there’s a growing need for knowledgeable agents who can guide them through the complexities of Medicare, life

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$1 Billion San Francisco Tower’s Revival Clouded by Lawsuit

Insurance Journal

One of San Francisco’s most iconic buildings is celebrating its reopening after a four-year, $250 million makeover meant to symbolize the city’s renewal. It’s doing so under the shadow of a lawsuit from one of its key tenants.

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Blog Post: Buying Contract Lifecycle Management To Mitigate Challenges

LexisNexis

Buying contract lifecycle management software in the corporate legal department can mitigate challenges of daily contract management, workflows, contract drafting, administrative time, work efficiency, user engagement, and so much more. The initial aspect of fending off challenges to buying contract lifecycle management software is understanding what those challenges are and how to avoid them.

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Plumbing Supply Firm Loses Appeal Over Sales Reps’ Overtime Pay

Insurance Journal

A federal appeals court has upheld a district court ruling that a wholesale distributor of plumbing supplies has wrongly exempted its inside sales representatives from overtime pay for years. The 1st Circuit Court of Appeals denied F.W.

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Lloyd’s of London plans rules overhaul to tackle ‘inherently unacceptable’ behaviour

Elmore

New byelaws proposed as insurance market battles poor reputation for participant conduct The post Lloyd’s of London plans rules overhaul to tackle ‘inherently unacceptable’ behaviour appeared first on Elmore Insurance Brokers.