Fri.Jan 10, 2025

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Re/Insurance Losses From LA Wildfires Expected to Be Significant but Manageable: S&P

Insurance Journal

Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses in the affected communities.

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What to Expect After the Los Angeles Wildfires

Property Insurance Coverage Law

Southern California faced a devastating night as the Palisades and Eaton Canyon wildfires raged out of control, forcing evacuations and leaving widespread damage in their wake. I woke up Wednesday to the sound of whipping winds and dark skies of smoke, knowing that it would be impossible for the fires to be put out with … The post What to Expect After the Los Angeles Wildfires appeared first on Property Insurance Coverage Law Blog.

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The Most Important LA Wildfire Stories to Know About

Insurance Journal

As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of days, the scale of the destruction and losses is becoming clearer.

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An Agent's Guide to Selling Final Expense Life Insurance

PSM Brokerage

Introduction to Final Expense Insurance Final Expense Insurance is a small whole life insurance policy designed to cover end-of-life costs, such as funeral expenses, medical bills, and other outstanding debts. These plans are affordable, straightforward, and a valuable addition to any insurance agent's portfolio. The Need for Final Expense Insurance Rising Funeral Costs: The average funeral in the U.S. costs between $7,000 and $10,000.

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Streamline Insurance Claims Management By Analyzing Legal Trends

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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$1.7B in Block Grants Awarded to North Carolina Governments for Helene Recovery

Insurance Journal

ASHEVILLE, N.C. (AP) North Carolina governments are receiving over $1.65 billion in federal block grant money to help address historic levels of damage caused by Hurricane Helene in western North Carolina. The money $1.

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Hottest Year Ever Sees World Breach 1.5C Global Warming Target

Insurance Journal

Earth’s warming exceeded 1.5C on an annual basis for the first time in 2024, according to two major climate science agencies.

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Building Successful Insurance Referral Partnerships: A Guide for Brokers

Protect Commercial Insurance

Introduction Navigating the world of insurance can sometimes feel like traversing a labyrinth. For brokers, establishing solid insurance referral partnerships can be the golden key to success. These partnerships not only broaden your client base but also offer a seamless solution to meet customer needs across various policy areas, such as commercial property.

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Europe Warns Airlines on Russia Airspace After Azeri Plane Crash

Insurance Journal

The European Union Aviation Safety Agency warned airlines to steer clear of several cities in Russia following the fatal crash of an Azerbaijan Airlines passenger jet that was likely shot down by Russian forces.

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Top Insurtech Tools Every Broker Needs

Zywave

Overtake the competition by getting the top insurtech tools every broker needs. When it comes to advancing your agency and positioning yourself ahead of your competitors, its important to know the benefits of digital insurance solutions so you can utilize the best tools for your unique business. Savvy brokers are making plans to become more efficient and effective so they can easily secure optimalgrowth.

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Winter Storm Sweeps US South, Grounding More Than 2,000 Flights

Insurance Journal

A powerful winter storm sweeping the US South has grounded more than 2,000 flights, halted passenger trains and threatens the region with heavy snowfall. As of 7:15 a.m.

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2025 Workers Compensation Outlook: Key Trends and Challenges

Agency Height

Explore the 2025 workers' compensation outlook, highlighting key challenges like demographic shifts, mental health policies, and rate change.

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Edison Denies LA Wildfire Involvement as Insurers Ask It to Preserve Evidence

Insurance Journal

Southern California Edison said on Thursday it had received notices from insurance companies to preserve evidence related to the Eaton Fire that is still burning in Los Angeles, but said no fire agencies have pointed the utility’s connection to the …

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How California wildfires are hitting the state’s housing market

Elmore

Insurance companies have refused to renew policies for hundreds of thousands of homes in recent years The post How California wildfires are hitting the states housing market appeared first on Elmore Insurance Brokers.

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Minnesota Judge Orders MyPillow to Pay $778K to Delivery Service DHL

Insurance Journal

A Minnesota judge has ordered MyPillow to pay nearly $778,000 for unpaid bills and other costs to package delivery service DHL, which had sued the company that’s synonymous with its founder, chief pitchman and election denier Mike Lindell.

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FuelEU implementation to be postponed in Norway and Iceland

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post FuelEU implementation to be postponed in Norway and Iceland appeared first on Insurance Marine News.

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South Korea Jet Crash Puts Fast-Growing Jeju Air’s Safety Under Scrutiny

Insurance Journal

Before it suffered the deadliest crash in South Korea’s history, budget airline Jeju Air was moving fast: racking up record passenger numbers and flying its aircraft more than domestic rivals and many of its global peers, data show.

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Counterfeit pilot ladders discovered in Baltimore

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Counterfeit pilot ladders discovered in Baltimore appeared first on Insurance Marine News.

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Texas AG Files Second Lawsuit Against TikTok Over Explicit Content

Insurance Journal

Texas Attorney General Ken Paxton on Thursday sued TikTok for the second time in recent months, accusing the social media company of violating deceptive trade law by downplaying its addictiveness and exposing children to explicit material.

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Fines due to improper display of flags in Chinese ports

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Fines due to improper display of flags in Chinese ports appeared first on Insurance Marine News.

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Winter Weather Wallops US Farmers

Insurance Journal

A nasty dose of winter weather has pummeled much of the U.S. from Kansas to the East Coast, leaving many Americans to dig out of the blizzard including farmers.

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Cape of Good Hope detours look set to continue until August at least

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cape of Good Hope detours look set to continue until August at least appeared first on Insurance Marine News.

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Texas Refineries Prepare for First Winter Storm, Frigid January

Insurance Journal

Texas refineries are bracing for an onslaught of cold, snow and freezing rain as the US South’s first major winter storm sweeps in during what’s projected to be a frigid month.

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US relaxes sanctions on Syrian energy

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US relaxes sanctions on Syrian energy appeared first on Insurance Marine News.

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Blog Post: Romania Joins Visa Waiver Program

LexisNexis

DHS, Jan. 10, 2025 "Today, Secretary of Homeland Security Alejandro N. Mayorkas, in consultation with Secretary of State Antony J. Blinken, designated Romania as a participating country in the Visa Waiver Program (VWP). The collaboration and information sharing at the core of the VWP will significantly enhance the security interests of the United States in addition to encouraging legitimate travel and commerce between the two nations.

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Müden lock set for February 1st full reopening

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Mden lock set for February 1st full reopening appeared first on Insurance Marine News.

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Blog Post: TPS Extended for El Salvador, Venezuela, Ukraine, Sudan

LexisNexis

El Salvador (advance copy of FR notice here ) Venezuela Ukraine Sudan

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Plans in place to pump oil out of grounded Volgoneft 239

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Plans in place to pump oil out of grounded Volgoneft 239 appeared first on Insurance Marine News.

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Blog Post: How Cornell Law is Helping to Fix America’s Broken Immigration System

LexisNexis

Stephen Yale-Loehr, Dec. 9, 2024 "The U.S. immigration system is broken. Why? Several reasons. Congress is paralyzed; it hasnt passed major immigration reform legislation in over twenty years. Because of Congresss failure to act, presidents try executive actions but then are immediately sued. Federal courts seem to be the final arbiters of immigration policy these days.

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US east coast strike averted

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US east coast strike averted appeared first on Insurance Marine News.

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Georgia Lawmakers Gearing Up for New Tort Reform Push

Insurance Journal

ATLANTA (AP) After years of stalled efforts to limit civil lawsuits, Georgia Gov. Brian Kemp and Republican lawmakers are doubling down with a new push.

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Genting’s Resorts World emerges as buyer of P&O Australia 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 Gentings Resorts World emerges as buyer of P&O Australia cruise ship appeared first on Insurance Marine News.

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BlackRock Leaves Major Climate Group Amid Wall Street Exodus

Insurance Journal

BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for its efforts on global warming.

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West P&I to acquire 100% of Nordic Marine Insurance

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post West P&I to acquire 100% of Nordic Marine Insurance appeared first on Insurance Marine News.

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