Sun.Oct 06, 2024

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Supreme Court to Decide If White, Straight Workers Face Higher Bar in Bias Lawsuits

Insurance Journal

The U.S. Supreme Court agreed on Friday to decide whether it should be more difficult for workers from “majority backgrounds,” such as white or heterosexual people, to prove workplace discrimination claims.

Claim 278
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Hurricane Helene Flood Insurance Claims and Elevated Building Issues? Refer to the Visual Flood Adjusters Use

Property Insurance Coverage Law

National flood insurance is unlike any other insurance. I have received numerous calls from furious Hurricane Helene policyholders after learning how little coverage is afforded for the non-elevated floor of a multi-story building under their flood insurance policies. Many ask why they are required to pay for flood insurance because it does not pay for … The post Hurricane Helene Flood Insurance Claims and Elevated Building Issues?

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Long COVID Claims Still Impact California’s Workers Comp System, Report Shows

Insurance Journal

The impact and surge of long-term COVID on the California workers’ compensation system since 2020 has been prevalent, including long-term impacts on disability and long-term patterns of medical cost and treatment on long COVID claims.

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Hurricane Helene Insurance Delays or Underpayment in Florida? File a Complaint with the Department of Financial Services

Property Insurance Coverage Law

Florida policyholders should report any delays, underpayments, or complaints regarding an insurance company to the Florida Department of Financial Services. This is a more important step than ever before because the Florida legislature now requires complaints to be reviewed and may trigger further market conduct studies regarding insurance companies that continually do not treat policyholders … The post Hurricane Helene Insurance Delays or Underpayment in Florida?

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How Insurance Industry Can Use AI Safely and Ethically

Insurance Journal

Several types of artificial intelligence are already being adopted by various parts of the insurance industry and they have the potential to deliver extraordinary efficiency savings, opening the door for even more profitability, innovation, and complex problem solving.

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It was only a three-day strike, but huge cargo backlog sits in Atlantic

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post It was only a three-day strike, but huge cargo backlog sits in Atlantic appeared first on Insurance Marine News.

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September’s Russian strike on bulk carrier off Romania was probably unintentional, says MoD

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post September’s Russian strike on bulk carrier off Romania was probably unintentional, says MoD appeared first on Insurance Marine News.

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Hippo, Orion180 Expand Homeowner Offerings in Southeast

Insurance Journal

Hippo, a publicly traded property insurance brokerage based in California, said it will expand its new homes insurance program in the disaster-prone states of Florida, Texas and California.

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California’s Governor Newsom vetoes Maritime Safety Bill

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post California’s Governor Newsom vetoes Maritime Safety Bill appeared first on Insurance Marine News.

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NCCI Unveils New, More Precise Workers’ Comp Medical Price Index

Insurance Journal

By William Rabb In recent years, workers’ compensation insurers have struggled to accurately gauge the precise trends in medical costs, and have had to rely on indexes that weren’t quite on-point: The U.S.

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Israel and Lebanon’s port situations remain volatile

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Israel and Lebanon’s port situations remain volatile appeared first on Insurance Marine News.

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Employee-Owned CoVerica Goes the Extra Mile

Insurance Journal

By Ezra Amacher Earlier this year CoVerica Insurance rolled out an employee-owned stock program, giving the agency’s staff an opportunity to become part-owners of the organization.

Insurer 246
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Arctic emission control areas established at MEPC

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Arctic emission control areas established at MEPC appeared first on Insurance Marine News.

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US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report

Insurance Journal

By L.S. Howard Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than $100 million during 2023, according to Swiss Re executives. Social inflation in the U.S.

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Collision in Outer Elbe, Germany

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Collision in Outer Elbe, Germany appeared first on Insurance Marine News.

Marine 105
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Using AI to Provide a More Human Claims Experience

Insurance Journal

The robots are coming — and in some cases, they’re here. Advancements in generative artificial intelligence are enhancing claims processes in many ways, from improving First Notices of Loss (FNOLs) to analyzing videos and images to assessing damage quickly.

Claim 246
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Netherlands to offer smaller wind farms, cutting risks for developers

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Netherlands to offer smaller wind farms, cutting risks for developers appeared first on Insurance Marine News.

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Report: Over 250,000 US Properties Have Repeated NFIP Claims

Insurance Journal

By Ezra Amacher More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program billions of dollars in claims, according to new federal data compiled by the National Resources Defense Council.

Claim 245
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BIMCO offers guidance on reducing single use plastics onboard ship

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post BIMCO offers guidance on reducing single use plastics onboard ship appeared first on Insurance Marine News.

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It’s All in the Family at Higginbotham

Insurance Journal

By Chad Hemenway There’s a certain “something” about Rusty Reid that makes it clear why folks might like to work for him as chief executive and chairman of Higginbotham. He feels like a buddy, a big brother, maybe an uncle.

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“Crucial advice” published on safe transport of charcoal

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post “Crucial advice” published on safe transport of charcoal appeared first on Insurance Marine News.

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At Mackoul Risk Solutions, ‘Employees Come First’

Insurance Journal

By Allen Laman Instead of becoming a major league umpire, Ed Mackoul chose to help his father build an insurance empire. Ed wasn’t sure how his life would turn out before joining Mackoul & Associates in 1995.

Risk 245
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Marine round-up : 7th October 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 : 7th October 2024 appeared first on Insurance Marine News.

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Employee Well-Being Is a Priority at Prestige

Insurance Journal

By William Rabb Finding insurance coverage for trucking firms could be considered a high-stress occupation. With the rise of nuclear lawsuit verdicts and “big-truck attorneys,” escalating premiums, and new state laws and regulations, it’s a lot to think about.

Premium 244
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Blog Post: Bogus "Race Science" X-Rays Send Migrant Kids to Adult Jails

LexisNexis

Maurizio Guerrero, Prism, Oct. 2, 2024 "Hundreds of unaccompanied migrant children are incorrectly placed each year in adult immigration detention centers in the U.S. due to the illegal use of dental X-rays to determine their age, according to immigration lawyers and rights groups. Widely discredited by the scientific community, these age determinations severely affect a minor’s chances of obtaining immigration relief and remaining in the country.

Claim 45
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Clyde & Co: First-Half Carrier M&A Activity Falls to 15-Year Low

Insurance Journal

By Allen Laman The first half of 2024 set a 15-year low for insurance carrier mergers and acquisitions, according to Clyde & Co’s latest Mid-Year Growth Report.

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JPMorgan Client Who Lost $50 Million Fortune Amid Dementia Denied Trial

Insurance Journal

A once-wealthy JPMorgan Chase & Co. client whose portfolio crumbled as he slid into dementia lost a legal battle seeking to recoup his fortune from the bank.

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AM Best Downgrades Credit Ratings of Texas Farm Bureau

Insurance Journal

AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Texas Farm Bureau Casualty Insurance Company and its affiliates, Farm …

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Hurricane Francine Insured Losses Expected to Be Manageable

Insurance Journal

Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst of the storm’s damage. Privately insured loss from Hurricane Francine are estimated to be close to $1.

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Underwriters Wary of PFAS Amid ‘Superstorm’ of Litigation, Regulation

Insurance Journal

By Allen Laman As litigation and regulation increase around per- and polyfluoroalkyl substances (PFAS), insurance underwriting is tightening across lines.

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Trust Matters

Insurance Journal

When it comes to small business owners and their insurance providers, trust matters. So do personalized relationships.

Premium 264
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Treating Employees Like Clients Is the Golden Rule at Morris & Garritano

Insurance Journal

By Don Jergler Want a simple, yet effective agency management tip for making your employees happy? Treat them like customers.

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People & Places

Insurance Journal

National Zurich North America, headquartered in Schaumburg, Illinois, promoted Chris Nolan to head of surety in U.S. national accounts. Nolan, who is based in New Jersey, succeeds Bob Murray, who retired in June.

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How Flood Risk Is Driving an Insurance Protection Gap in the US

Insurance Journal

It is likely that you have read recent headlines sounding the alarm over a potentially uninsurable future.