Insurance Journal
OCTOBER 17, 2024
The New York Department of Financial Services (DFS) has issued new guidance to assist the more than 3,000 firms including insurers it regulates in addressing cybersecurity risks arising from artificial intelligence (AI).
Property Insurance Coverage Law
OCTOBER 17, 2024
The American Policyholder Association (APA) has emerged as a powerful force in the fight against insurance fraud, with recent achievements highlighting the critical importance of its work. The organization’s efforts, supported by dedicated legal professionals, concerned citizens, and courageous property insurance adjusters, have led to groundbreaking exposés that are shaking the foundations of the insurance … The post Supporting the American Policyholder Association With Time and Mon
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Insurance Journal
OCTOBER 17, 2024
Investigators are trying to figure out what led to an elevator accident inside a former Colorado gold mine that killed a tour guide, injured four others and left a separate group of 12 people trapped for hours at the bottom …
LexisNexis
OCTOBER 17, 2024
By Madison Johnson, Esq. | Marketing Manager The competitive landscape for legal services has changed significantly over the past two decades. An industry that was once characterized by long-term loyalty between law firms and corporate clients has been transformed by the creation of panels of preferred firms, law firm convergence initiatives and intensifying competition in a global marketplace.
Insurance Journal
OCTOBER 17, 2024
The death toll from Hurricane Milton has risen to at least 25, including an elderly man who died from smoke inhalation after a golf cart battery exploded when submerged by rising floodwaters.
Wren Insurance Agency
OCTOBER 17, 2024
We realize that not everyone lives and breathes insurance everyday like we do, so we like to take some time now and then to explain some "Insurance 101" items to ensure clients are as educated as possible when it comes to making decisions on insurance. At this time of year, typically due to Florida storms causing damage to our homes, there are a larger number of insurance claims than normal.
Insurance Journal
OCTOBER 17, 2024
NFP, an Aon company and insurance brokerage, announced it has acquired IHI Group, the Dublin-based advisory firm that specializes in financial planning, healthcare and general insurance needs.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
OCTOBER 17, 2024
The annual average insurable losses in the last decade increased in Canada by a whopping 379%, when compared to the prior 30-year average, according to an analysis from MyChoice, a Toronto-based insurtech company.
Insurance Marine News
OCTOBER 17, 2024
Russia’s increased targeting of shipping and port infrastructure in Ukraine’s Black Sea ports has led Ukrainian authorities to seek help from the United Nations. The country, now more than two and a half years into a war with it far larger and better-equipped neighbour, has asking the International Maritime Organization to send a monitoring mission.
Insurance Journal
OCTOBER 17, 2024
Travelers on Thursday said third quarter net income was $1.26 billion compared to net income of $454 million during the same period a year ago on record net premiums, favorable prior year reserve development, and higher investment income.
Insurance Marine News
OCTOBER 17, 2024
The winter sea ice shipping has encroached on the eastern parts of the Northern Sea Route unusually soon this year ,meaning that sailing in the area for low ice-class vessels should come to a halt any day now. However, it was reported that some cargo, such as the strategically important modules for Arctic LNG 2, The post Ice encroaches on Northern Sea Route appeared first on Insurance Marine News.
Insurance Journal
OCTOBER 17, 2024
DETROIT (AP) — A judge has approved a $13 million settlement in a lawsuit over an unannounced active shooter drill at a Michigan psychiatric hospital for children, an event that terrified kids and staff and caused them to scramble for …
Insurance Marine News
OCTOBER 17, 2024
A recent decision by RightShip to reduce the age limit of bulk carriers eligible for vetting inspections to 10 years, from the previous 14 years, has caused concern among INTERCARGO’s members. At the Association’s Executive Committee meeting held in London on 15th October it was asserted that the decision was made by RightShip without prior. The post INTERCARGO asks RightShip to reconsider age limit change appeared first on Insurance Marine News.
Insurance Journal
OCTOBER 17, 2024
McKinsey & Co. is nearing a deal with US prosecutors to pay at least $500 million to settle federal probes into its past work helping opioid makers boost sales, according to people familiar with the matter.
Insurance Marine News
OCTOBER 17, 2024
Bulk carrier Pan Viva (IMO 9453494)) which last weekend had to fight hard to stay away from the rocks on the shores of Unalaska in the Alaskan archipelago of the Aleutians has now resumed its journey, the US Coast Guard said Wednesday. The Korean-owned vessel was travelling in ballast from Dandong in China to the. The post Pan Viva safely departs Unalaska after weather adventure appeared first on Insurance Marine News.
Insurance Journal
OCTOBER 17, 2024
Allstate Corp. doesn’t announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses.
Insurance Marine News
OCTOBER 17, 2024
INTERTANKO had sought clarification from Transport Canada on the further requirements for ballast water discharge (BWD), specifically in West Coast ports. The procedure was clear for the East Coast of Canada. In that area, vessels do not need to exchange treated ballast or flush empty tanks unless heading to specific Canadian freshwater areas listed in.
Insurance Journal
OCTOBER 17, 2024
Unison Risk Advisors (URA) has acquired Enders Insurance, a family-run property/casualty insurance agency based in Harrisburg, Pennsylvania. Enders has more than 60 employees throughout its central Pennsylvania office locations including Lancaster, Reading and Middleburg.
Insurance Marine News
OCTOBER 17, 2024
New Zealand’s Ministry for Primary Industries (MPI), through Biosecurity New Zealand, has introduced the Biosecurity Pre-Arrival Report (PAR), for use by all commercial vessels calling at New Zealand ports from October 31st. The PAR will replace the previously required Master’s Declaration (MD) and Biofouling and Ballast Water Declaration (BBWD). The use of PAR will not.
Insurance Journal
OCTOBER 17, 2024
Centuries ago, estuaries around the world were teeming with birds and turbulent with schools of fish, their marshlands and endless tracts of channels melting into the gray-blue horizon.
Insurance Marine News
OCTOBER 17, 2024
The UK yesterday October 17th announced a significant package of sanctions targeting the Russian “shadow fleet” of oil tankers, which increasingly have been bypassing the $60 a barrel price cap. Obtaining finance for the Russia state and thus supporting its military actions in Ukraine. It has added 18 more vessels to the sanctions list. They. The post UK adds 18 vessels to Russian sanctions list appeared first on Insurance Marine News.
Insurance Journal
OCTOBER 17, 2024
Insurance industry investments in generative AI are expected to surge by over 300 percent from 2023 to 2025 as organizations move from pilots in one or two areas to implementations in multiple functions across business lines.
Insurance Marine News
OCTOBER 17, 2024
Yesterday, in a flurry of typing, I managed to refer to “Damien Carr” at Ark Syndicates. It is of course “Darren Carr”, as I well know. Apologies to Darren for the error in nomenclature. A 48-year-old crew member of Indonesian origin died on October 13th after falling ill aboard chemical / oil products tanker. The post Round Up appeared first on Insurance Marine News.
Insurance Journal
OCTOBER 17, 2024
Survivors of last year’s deadly wildfire that decimated a historic Maui town will receive an additional year of housing assistance from the Federal Emergency Management Agency. Housing has been a major challenge in recovering from the Aug.
Insurance Marine News
OCTOBER 17, 2024
Since 2021 Greek shipowners have spent $18bn on newbuild gas vessels – termed “an unprecedented amount” – diversifying their portfolios away from traditional tanker, bulker and container asset classes, according to new research by VesselsValue, the data intelligence arm of maritime data and freight management solutions provider Veson Nautical. Its report ‘Greek Speculative S&P Investments’.
Insurance Journal
OCTOBER 17, 2024
Insurance broker Marsh McLennan reported a 6% increase in third quarter consolidated revenue to $5.7 billion, while revenue increased 5% on an underlying (organic) basis. Q3 operating income was $1.
Elmore
OCTOBER 17, 2024
Institutional iShares assets under management have been growing at a compound annual growth rate of nearly 30% in the region, according to BlackRock The post Pension fund and insurance company use of ETFs surges in Europe appeared first on Elmore Insurance Brokers.
Insurance Journal
OCTOBER 17, 2024
Mission Underwriters, the MGA incubator, announced the launch of Carrow Insurance, under the leadership of Ronan Conboy, the former CEO of AmTrust International.
LexisNexis
OCTOBER 17, 2024
Conducting a comprehensive financial analysis of spending trends in the legal department is a pivotal step towards optimizing resources and delivering exceptional value to the enterprise. Delving into the intricate details of legal department financial planning and the way expenditures are incurred allows organizations to uncover invaluable insights, especially cost-savings strategies.
Insurance Journal
OCTOBER 17, 2024
Two Philadelphia professional sports team have lost their appeals over denied business interruption insurance claims tied to the COVID-19 pandemic. U.S.
LexisNexis
OCTOBER 17, 2024
Montejo-Gonzalez v. Garland (2-1) "On their way to an initial hearing before an immigration judge (“IJ”) in Seattle, Washington, Claudia Elena Montejo-Gonzalez and her two minor children (“petitioners”) encountered two major car accidents and were late for the hearing. The IJ ordered them removed in absentia. Petitioners promptly moved to reopen, explaining that exceptional circumstances justified their late arrival to court.
Insurance Journal
OCTOBER 17, 2024
The Nebraska Department of Insurance shared that Insurtech on the Silicon Prairie will take place in Omaha on Oct. 28-29, with topics including AI, autonomous vehicles, cybersecurity, venture capital, the role of AI in operations.
LexisNexis
OCTOBER 17, 2024
ARIEL G. RUIZ SOTO, MPI, OCTOBER 2024 "Immigrants in the United States commit crimes at lower rates than the U.S.-born population, notwithstanding the assertion by critics that immigration is linked to higher rates of criminal activity. This reality of reduced criminality, which holds across immigrant groups including unauthorized immigrants, has been demonstrated through research as well as findings for the one state in the United States—Texas—that tracks criminal arrests and convictions b
Insurance Journal
OCTOBER 17, 2024
Tokio Marine HCC (TMHCC), based in Houston, Texas, has announced the expansion of its specialty product offering with its entry into the Excess Casualty market.
LexisNexis
OCTOBER 17, 2024
Acacia Center for Justice "Join us today, Thursday, October 17, 2024 at 3:00-4:30 pm ET for a webinar on how legal service providers can overcome burnout. We will explore strategies that policymakers, immigration legal defense organizations, and the funders that support them can implement to meet these challenges and build and sustain the capacity in the field.
Insurance Journal
OCTOBER 17, 2024
The UK said three government bodies are working together to challenge Russian shadow fleet oil tankers if it perceives they have dubious insurance.
Insurance Marine News
OCTOBER 17, 2024
Reported piracy incidents to the International Maritime Bureau Piracy Reporting Centre (IMB PRC) for the first nine months of 2024 have come through at their lowest for 30 years. A total of 79 incidents were reported to the IMB Piracy reporting Centre between January to September in 2024. There were 62 vessels boarded, nine attempted. The post IMB calls decline in reported piracy incidents “encouraging” appeared first on Insurance Marine News.
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