Thu.Sep 12, 2024

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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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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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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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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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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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US Gulf energy output impacted, ports in Louisiana on high alert

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US Gulf energy output impacted, ports in Louisiana on high alert 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.

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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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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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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?

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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.

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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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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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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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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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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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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.

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Canada’s Wildfire Season Ranks Among Worst but Less Severe Than Feared

Insurance Journal

With summer drawing to a close in Canada, the 2024 wildfire season is shaping up as one of the most destructive on record, largely due to the devastation caused by a blaze that ripped through a tourist town in the …

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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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$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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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.

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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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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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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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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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New Mexico Attorney General Files Suit Against Snapchat

Insurance Journal

New Mexico’s attorney general has filed a lawsuit against the company behind Snapchat, alleging that site’s design and policies foster the sharing of child sexual abuse material and facilitate child sexual exploitation.

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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.

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Swiss Insurer Baloise Targets Higher Returns for Shareholders After Cevian Move

Insurance Journal

Swiss insurer Baloise said on Thursday it plans to boost return on equity and will consider share buybacks after activist-investor Cevian Capital this week revealed it held more than 9% of the company’s stock, becoming its top stakeholder.

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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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As Storm Bebinca Approaches, Taiwan Uses AI to Predict Typhoon Paths

Insurance Journal

As tropical storm Bebinca barrels towards waters off northern Taiwan gathering strength into a possible typhoon, weather forecasters in Taipei are using a new and so far successful method to help track its path – artificial intelligence (AI).

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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.

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New York City Cab Crash Sends Rider on ‘Nightmare’ to Get Insurance Money

Insurance Journal

Carlos Quiles says he was seriously injured in May 2022 when the Uber he was traveling in crashed into two parked cars in Queens — after the driver lost control of his Toyota while trying to clear a fly or …

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Antwerp-based dredging company acquitted in corruption case

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Antwerp-based dredging company acquitted in corruption case appeared first on Insurance Marine News.

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Vermont Lags in Risk Management for Natural Disasters Including Flooding

Insurance Journal

Vermont has failed to complete many actions in its five-year hazard mitigation plan aimed at reducing the risk from natural disasters such as flooding, according to a new report from the state auditor’s office.

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Premier Alliance to launch, MSC details its new standalone network

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Premier Alliance to launch, MSC details its new standalone network appeared first on Insurance Marine News.

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Mastercard Agrees to Buy Cyber-Defense Firm for $2.65 Billion

Insurance Journal

Mastercard Inc. agreed to buy cyber-defense firm Recorded Future for $2.65 billion to boost its ability to protect the card company’s massive global-payments system.

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Maritime Union of Australia plans industrial actions at bulk/general ports

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Maritime Union of Australia plans industrial actions at bulk/general ports appeared first on Insurance Marine News.

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