Thu.Dec 05, 2024

article thumbnail

FDIC Looks to Direct Monitoring of Fintech Companies After Synapse Collapse

Insurance Journal

The Federal Deposit Insurance Corp. has started to directly monitor financial-technology companies that partner with banks across the US, according to people familiar with the regulator’s supervisory operations.

Insured 290
article thumbnail

UK-sanctioned dark fleet tanker cancels round-Britain diversion

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post UK-sanctioned dark fleet tanker cancels round-Britain diversion appeared first on Insurance Marine News.

Marine 103
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Amundi Interested in Buying Allianz Global Investors

Insurance Journal

Amundi SA is interested in acquiring control of Allianz SE’s asset manager Allianz Global Investors as the French company scouts for deals amid industry consolidation, people familiar with the matter said.

Insured 279
article thumbnail

Pay attention to bunker declarations before entering Turkish ports, warns Gard

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Pay attention to bunker declarations before entering Turkish ports, warns Gard appeared first on Insurance Marine News.

Marine 102
article thumbnail

Investors With $9.5 Trillion Seek Mandatory Scope 3 Emissions Disclosures

Insurance Journal

An influential coalition of pension funds and insurance companies holding a combined $9.5 trillion of assets called on regulators to mandate corporate disclosures of so-called Scope 3 emissions.

article thumbnail

Don’t Let Insurers Play the Mismatched Game: NAIC Standards Require Matching and Uniform Appearance

Property Insurance Coverage Law

Jonathan Wilkofsky is a panelist presenting appraisals at the First Party Claims Conference. He just mentioned that the issue of matching replacement materials during property insurance claims has been settled in model laws. The National Association of Insurance Commissioners (NAIC) has addressed this issue directly in their Unfair Property/Casualty Claims Settlement Practices Model Regulation, providing … The post Don’t Let Insurers Play the Mismatched Game: NAIC Standards Require M

More Trending

article thumbnail

Vacancy Exclusions for “Vandalism” Should Not Apply to Arson Fires

Property Insurance Coverage Law

A recent Illinois Circuit Court decision provides an excellent analysis of why insurance companies cannot deny fire claims under vacancy exclusions by claiming that arson is a form of vandalism. The case, Amjad Abudayya v. Country Mutual Insurance Company, 1 demonstrates how careful judicial reasoning can expose flaws in insurance company coverage denials.

article thumbnail

‘Large Number’ of Americans’ Metadata Stolen by Chinese Hackers, Says Official

Insurance Journal

A large number of Americans’ metadata has been stolen in the sweeping cyberespionage campaign carried out by a Chinese hacking group dubbed “Salt Typhoon,” a senior U.S. official told journalists on Wednesday.

Cyber 264
article thumbnail

Crew rescued after abandoning ship in Red

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Crew rescued after abandoning ship in Red appeared first on Insurance Marine News.

Marine 99
article thumbnail

Bullets in UnitedHealthcare CEO Death Inscribed With ‘Depose,’ ‘Delay’

Insurance Journal

The words “delay” and “depose” were written on a shell casing and a live round recovered in front of the New York Hilton Midtown, where UnitedHealth Group Inc.

Insured 264
article thumbnail

SEO Trends To Watch in 2025: Staying Ahead in the Insurance Industry

Neilson Marketing Services

As an insurance broker, you might spend hours crafting the perfect marketing campaign, only for potential customers to land on your website and leave within seconds. Why? Because they couldn’t find what they were looking for — or worse, never found the site at all. In 2025, the insurance industry’s digital battlefield will be defined by SEO, and only those who understand the trends will thrive.

article thumbnail

Alabama Singer/Public Adjuster Ordered to Wear Ankle Monitor, Stay Home

Insurance Journal

Austin Tanner, a claims adjuster and aspiring country singer from Alabama, has been confined mostly to his home and must wear an ankle monitor after he violated the terms of his bail bond and traveled to the Country Music Awards …

Claim 264
article thumbnail

Blog Post: 3 Keys for Law Students Using AI

LexisNexis

By Madison Johnson, Esq. | Manager, Large Markets The adoption of generative artificial intelligence (Gen AI) technology in law firms and in-house legal departments has also made its way prominently into law schools. A 2024 survey by the American Bar Association, AI and Legal Education , found that 83% of law schools reported the availability of curricular opportunities where students can learn how to use AI tools effectively, and a majority (55%) now offer classes dedicated to teaching students

article thumbnail

As Providence Mutual Exits Auto Insurance Business, Plymouth Rock to Get Renewals

Insurance Journal

Providence Mutual recently notified state regulators that it is exiting the auto insurance business for both commercial and personal lines n the four states where it currently offers the coverages – Connecticut, Maine, New Hampshire and Rhode Island.

article thumbnail

Sri Lanka prepares to launch bidding for its first offshore wind farms

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Sri Lanka prepares to launch bidding for its first offshore wind farms appeared first on Insurance Marine News.

Marine 85
article thumbnail

Maryland to Require Security Guard Licensing, Proof of Insurance

Insurance Journal

Starting January 1, 2025, Maryland will begin requiring businesses employing security guards or in-house loss prevention personnel to meet new licensing and certification requirements and provide proof of insurance.

License 264
article thumbnail

19 winter road trip tips for your next adventure.

Frankenmuth Insurance

Whether you’re driving across town or across state lines this holiday season, safety is key. These 19 winter road trip tips can help keep you safer in the dark, during a snowstorm, and in icy conditions. 1. Get a tune-up before traveling. Make sure your wipers, lights, tires, brakes, and battery are in good condition before departing. 2. Watch the weather report.

article thumbnail

Grief, Then Confusion: Questions of Motive Emerge in UnitedHealthcare CEO’s Killing

Insurance Journal

UnitedHealth Group’s investor day turned from an ordinary corporate meeting in a midtown Manhattan hotel to a scene of stunned grief quicker than the health insurer could even react.

Insured 263
article thumbnail

Outdated Building Codes Exacerbate Climate Risk

Triple-I: Homeowners Insurance

By Lewis Nibbelin, Contributing Writer, Triple-I Natural catastrophe perils rising frequency and severity may be impossible to fully abate, but Nationwide Property & Casualty Insurance Co. President and CEO Mark Berven believes modern building codes could dramatically reduce their costly destructiveness. In a recent article for PropertyCasualty360 , Berven wrote that inconsistent building codes create alarming safety disparities from state to state and that improved codes are essential to re

article thumbnail

Former State Employee Pleads Guilty to Insurance Fraud and Felony Theft

Insurance Journal

A former state employee in Maryland has pleaded guilty in separate cases involving insurance fraud and felony theft. According to Maryland Attorney General Anthony G.

Theft 259
article thumbnail

BOEM approves Maryland offshore wind project

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post BOEM approves Maryland offshore wind project appeared first on Insurance Marine News.

Marine 59
article thumbnail

Florida Citizens Policy Count Dips Below 1 Million for First Time in Two Years

Insurance Journal

Florida’s Citizens Property Insurance Corp. has dropped below 1 million policies in force for the first time since July 2022, a milestone that officials said reflects an ongoing depopulation program and an improving market in the state.

Policy 259
article thumbnail

Look up Your NPN : A Quick Guide for Insurance Agents

PSM Brokerage

Look Your NPN : A Quick Guide for Insurance Agents Are you looking for your NPN (National Producer Number)? Dont worryyoure not alone! Many insurance agents need to find their NPN number for licensing, renewals, or appointments. The good news? Its super easy to look up your NPN online. Start here: Find Your NPN Lets dive into what an NPN is, why its important, and how to make the most of this key identifier in your insurance career.

article thumbnail

Don’t Touch Fla. Reforms, Panelists Implore, but Maybe Tax Breaks for Elevated Homes

Insurance Journal

Regulators, insurance companies and attorneys at the Florida Chamber of Commerce Annual Insurance Summit this week sent a clear message to lawmakers about tinkering with Florida’s property insurance law, two years after major legislative reforms were adopted: “Don’t touch it.

article thumbnail

Aviva and Direct Line agree outline £3.6bn takeover deal

Elmore

Combined group would control a fifth of UK motor insurance market The post Aviva and Direct Line agree outline 3.6bn takeover deal appeared first on Elmore Insurance Brokers.

article thumbnail

AM Best Revises Outlook to Positive for CNA

Insurance Journal

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” (Excellent) of the property/casualty (P/C) subsidiaries of CNA Financial Corporation, …

246
246
article thumbnail

Curfew over at New Caledonia

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Curfew over at New Caledonia appeared first on Insurance Marine News.

Marine 52
article thumbnail

Texas Power Grid Operator Says State is Better Prepared for Extreme Cold

Insurance Journal

Texas’ grid operator warned that the state should prepare for extreme cold this winter but said the state’s main power grid is better equipped than in previous years to withstand a powerful winter storm.

246
246
article thumbnail

Spanish police find larger cocaine haul inside containers from ship with cocaine hidden in cargo hold

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Spanish police find larger cocaine haul inside containers from ship with cocaine hidden in cargo hold appeared first on Insurance Marine News.

Marine 52
article thumbnail

Viewpoint: What’s on Tap for Insurance Digital Marketing in 2025?

Insurance Journal

Historically, insurance has had a reputation as an industry slow to embrace change. However, it’s safe to say that technology and customer expectations are leaving insurers with no choice but to adapt.

Insured 246
article thumbnail

E-bikes are a greener alternative but terminal operators beware

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post E-bikes are a greener alternative but terminal operators beware appeared first on Insurance Marine News.

Marine 52
article thumbnail

Boeing Plea Deal Over Fatal 737 Crashes Rejected by Judge

Insurance Journal

A federal judge rejected Boeing Co.’s plea deal that sought to let the planemaker avoid criminal prosecution over to two fatal 737 Max crashes, in a surprise twist that threatens to prolong the company’s recovery from past scandals.

Liability 246
article thumbnail

Blog Post: Top Corporate General Counsel Compensation Rises in 2023—Law360 Pulse Report

LexisNexis

The dynamic roles of lawyers at the helm of legal departments have grown in value, with average total compensation rising by $148,000 in 2023, according to the Law360® Pulse 2024 Compensation Report: General Counsel. Our report examined the compensation of general counsel and chief legal officers at companies in the S&P 500 based on filings to the U.S.

article thumbnail

People Moves: Benekiva Makes Key Leadership Appointments

Insurance Journal

Benekiva, headquartered in West De Moines, Iowa, expanded its leadership team with several new appointments. Krista Eger, vice president of product, previously served as Benekiva’s director of product.

245
245