Mon.Oct 28, 2024

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Dozens of Alleged Looters, Unlicensed Construction Workers Arrested in Florida

Insurance Journal

More than 100 people were arrested late last week in storm-ravaged Pinellas County, Florida, charged with looting homes and working as unlicensed contractors, two weeks after Hurricane Milton forced many residents to evacuate.

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One Example of How Florida’s Politicians Harmed Florida Policyholders By Passing Insurance Lobby Laws

Property Insurance Coverage Law

This is Florida law regarding when an insurance company must start investigating an insurance claim: 3)(a) Unless otherwise provided by the policy of insurance or by law, within 7 days after an insurer receives proof-of-loss statements, the insurer shall begin such investigation as is reasonably necessary unless the failure to begin such investigation is caused by … The post One Example of How Florida’s Politicians Harmed Florida Policyholders By Passing Insurance Lobby Laws appeared first

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Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms

Insurance Journal

A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy.

Theft 312
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WOW Your Clients with Your Customer Service During Open Enrollment

Solstice Insurance Broker

As an insurance broker you are preparing for the busiest season on your schedule: open enrollment. It's no secret that providing top-notch customer service can be a challenge during this hectic period. You must impress and meet the demands of potential clients. Meanwhile you also need to uphold the standard of service that your existing clients are accustomed to.

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Crews Fight Large Brush Fire in Massachusetts; Separate Fire Kills 1

Insurance Journal

A woman died in an outdoor fire in Massachusetts at an encampment in Millbury on Saturday night and crews on Sunday were still fighting a large overnight brush fire in Salem as dry and windy conditions have raised the risk …

Risk 299
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How High-Quality Insurance Agency Data Fuels Effective Market Research for Carriers and MGAs

Neilson Marketing Services

The insurance industry moves fast, and for carriers and MGAs, knowing where they stand with their independent agency partners is critical. Are they seen as a go-to resource for certain products? Do agents view them as valuable parts of their portfolio? The best way to answer these questions—and uncover growth opportunities—is by conducting a well-structured market research survey.

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Unlocking Local SEO for Insurance Agencies: Targeting Your Local Market

Neilson Marketing Services

Imagine a potential client in your neighborhood searching for home or auto insurance. They whip out their phone, type “best insurance agency near me,” and within seconds, a list of local businesses appears. Will your insurance agency be on that list? This is where the power of local SEO for your insurance agency comes into play. Being visible in local search is essential for capturing the attention of people actively looking for insurance products like yours.

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IGI Expands in London Underwriting Hub Into Larger Offices

Insurance Journal

International General Insurance Holdings Ltd. announced it will move its London operations to new offices on the 15th floor of the so-called “Walkie-Talkie” building at 20 Fenchurch Street, London, EC3M 3BY on Monday, Oct. 28, 2024.

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One AI Takeaway from 2024 National Comp in Las Vegas

AMAXX

I recently returned from the 2024 National Comp Convention in Las Vegas, and I have one primary takeaway that I want to share with you. My name is Michael Stack, CEO of Amaxx, and this convention is always such a valuable experience. I’ve been attending for the past 12 or 13 years, and each year it provides rich content, meaningful relationship-building, and critical industry insights.

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Lyft to Pay $2 Million to Resolve FTC Suit Over Driver Pay

Insurance Journal

Lyft Inc. agreed to pay $2.1 million to resolve a lawsuit by the US Federal Trade Commission accusing the ride-hailing company of deceiving drivers about how much they would earn when consumer demand picked up after the pandemic.

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Celebrating National Ergonomics Month

CDC: Workers Compensation

October is National Ergonomics Month, a time to raise awareness about the importance of designing workplaces to fit people better. Ergonomics focuses on creating tools, tasks, and environments that improve comfort, reduce injuries, and promote the health and well-being of workers. Ergonomics research and interventions can help prevent common workplace musculoskeletal injuries, such as back pain, sore muscles, and repetitive strain injuries.

Injury 70
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US Nuclear Regulator Begins Review on Three Mile Island Restart

Insurance Journal

U.S. nuclear regulators kicked off a long-winding process to consider Constellation Energy’s unprecedented plans to restart its retired Three Mile Island nuclear power plant in an initial public meeting held on Friday.

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Strike set for Port of Montreal over weekend

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Strike set for Port of Montreal over weekend appeared first on Insurance Marine News.

Marine 52
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McDonald’s E. Coli Crisis Reveals Vegetable Contamination Is Harder Problem Than Beef

Insurance Journal

Moves by major U.S. fast-food chains to temporarily pull fresh onions off their menus on Thursday, after the vegetable was named as the likely source of an E.

Liability 293
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The Ruby finds home for its ammonium nitrate

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post The Ruby finds home for its ammonium nitrate appeared first on Insurance Marine News.

Marine 52
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Report: Climate Risks Increasing Insurance Rates and Hurting CRE Returns

Insurance Journal

Costly reinsurance, inflation, tough regulations, and increasing weather-related claims are driving up property insurance prices—and in turn, that is impacting commercial real estate returns, valuations, and transactions, a new report shows.

Risk 264
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9 Time Management Tips for Insurance Agents During Peak Season

Word & Brown

For most brokers, fourth quarter and early January are peak season. That’s when many of your clients may be renewing or enrolling for the first time in group health coverage for their businesses and employees. While it can be challenging to balance everything you need to do during this critical time, I’d like to share some proven tips that may help you. 1) Prioritize Key Tasks: Begin each day by listing your target tasks.

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Arthur J. Gallagher & Co. Acquires Australia’s Via Financial Group

Insurance Journal

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-headquartered broker, announced the acquisition of Australia’s Via Financial Group Pty Ltd. Terms of the transaction were not disclosed.

Broker 263
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Whole Life Insurance – Is It The Right Choice For You?

RiskQuoter

Considering whole life insurance? This guide explores the pros, cons, and features to help you decide if it's the best fit for your needs. Get the facts before you commit! The post Whole Life Insurance – Is It The Right Choice For You? appeared first on RiskQuoter.com.

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Texas Department of Insurance OKs Porch Group’s Reciprocal Exchange

Insurance Journal

The Texas Department of Insurance approved an application from Porch Group Inc. to form and license Porch Insurance Reciprocal Exchange, a homeowners insurance reciprocal exchange.

License 258
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Cybersecurity Implications of AI: Protecting Your Business

Mark Jackson Insurance Agency

Businessman working at a computer by Andrea Piacquadio As artificial intelligence (AI) continues to revolutionize industries, its integration into business operations has become almost inevitable. AI offers substantial benefits in efficiency, decision-making, and automation, but its increasing role in business also presents significant cybersecurity challenges.

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Broker Insights’ ‘Decision Intelligence’ Officially Heads to the US

Insurance Journal

After building it business up in the United Kingdom, Broker Insights said it is ready to officially bring its commercial insurance placement analytics to the United States.

Broker 264
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How to Choose the Right Auto Insurance Deductible

TGS

TGS Insurance » Blog How to Choose the Right Auto Insurance Deductible When it comes to auto insurance, one of the most important decisions you’ll make is selecting your deductible. But what exactly is a deductible, and how do you know which one is right for you? Simply put, a deductible is the amount you agree to pay out of pocket before your insurance kicks in after a claim.

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Connecticut Declares State of Emergency, Burn Ban Due to Severe Fire Conditions

Insurance Journal

The state of Connecticut on Saturday instituted a ban on the use of outdoor grills, firepits, and campfires, and the kindling and use of flame outdoors in all state parks, forests, and wildlife management areas due to statewide severe fire …

Risk 261
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Trinidad and Tobago arrests tug believed to have caused oil spill

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Trinidad and Tobago arrests tug believed to have caused oil spill appeared first on Insurance Marine News.

Marine 52
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Brazil Seals $30 Billion Compensation Deal With BHP, Vale Over 2015 Dam Collapse

Insurance Journal

Brazil on Friday signed a 170 billion reais ($29.85 billion) compensation agreement with miners BHP, Vale, and Samarco for the Mariana dam collapse in 2015, one of the country’s worst environmental disasters.

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Passenger lost overboard from cruise ship

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Passenger lost overboard from cruise ship appeared first on Insurance Marine News.

Marine 52
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UN Climate Chief Warns of Looming ‘Trainwreck’ as 1.5C Warming Limit in Doubt

Insurance Journal

The world is on course to miss a target for cutting emissions this decade by an overwhelming amount, new UN analysis shows, meaning more dangerous global warming is likely.

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Insurers win case relating to gasoline/methanol blend

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Insurers win case relating to gasoline/methanol blend appeared first on Insurance Marine News.

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People Moves: Novatae Risk Group Hires Catrabone as Carrier Relations VP

Insurance Journal

Novatae Risk Group, headquartered in Dallas, named John Catrabone as vice president of carrier relations. Based in Ohio, Catrabone comes to Novatae with more than 30 years of experience in various insurance industry sectors.

Risk 257
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Cefor publishes sanctions due diligence questionnaire

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cefor publishes sanctions due diligence questionnaire appeared first on Insurance Marine News.

Marine 52
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People Moves: Price Forbes Bermuda Promotes Kelley to CEO; WTW Gets Saudi Arabian License, Names Chubb’s Bahafi as Head of Insurance Broking

Insurance Journal

This edition of Interational People Moves details appointments at the brokers Price Forbes and WTW. A summary of these new hires follows here.

License 264
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The Maersk Klaipeda – is the carrier obliged to protect the receiver against fraud by the shipper?

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post The Maersk Klaipeda – is the carrier obliged to protect the receiver against fraud by the shipper? appeared first on Insurance Marine News.

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Liberty Mutual Estimates Up to $900M in Losses From Helene and Milton

Insurance Journal

Liberty Mutual Insurance today said it expects up to $900 million in losses from hurricanes Helene and Milton.

Insurer 289