Tue.Jan 21, 2025

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Growing Concerns About Wildfires in Carolina Thanks to Kindling Left by Helene

Insurance Journal

As southern California continues to suffer from wildfires, officials in another part of the country fear their area could be next thanks to tons of dry wood left over from Hurricane Helene’s wind and flooding.

Policy 290
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The Case for Injury Duration Guidelines in Modern Workers’ Comp Programs

AMAXX

In the complex world of workers’ compensation, achieving optimal outcomes for injured workers requires a blend of precision, consistency, and empathy. One of the most effective tools in this endeavor is the use of Injury Duration Guidelines. These guidelines, rooted in evidence-based medicine and industry standards, are essential for ensuring fair, efficient, and transparent processes for all stakeholders.

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Insurtechs’ Approach to Wildfire Insurance: Part II – Kettle

Insurance Journal

While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion and $45 billion.

Insurance 279
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The Great Insurance Article Auditing Checklist

Inbound Insurance Marketing

Youve written a great insurance article. Now you want to share it with the world. But wait! Before you hit publish, there are a few things you should check.

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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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New York Proposes Plan to Stabilize Broken Taxi Insurance Market

Insurance Journal

New York Governor Kathy Hochul proposed measures to stabilize the city’s taxi and rideshare insurance industry, which is reeling from the insolvency of its largest provider American Transit Insurance Co.

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New Orleans Landscaper Ordered to Pay $319K in Back Wages

Insurance Journal

TheU.S. Department of Labor has recovered $319,065 in back wages for 49 workers employed by a New Orleans landscaping company that misclassified them as independent contractors and, by doing so, denied them overtime pay.

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“SELF-DISCIPLINE IS THE WINNERS EDGE”

American Senior Benefits

Greg Gelineau, CLTC ~Executive Vice President at American Senior Benefits/Integrity Marketing Group~ Top 1% LinkedIn voice /Coach and Business Consultant. #IndustryExpert/#LeadershipExpert/ SUBSCRIBE TO MY NEWSLETTER & FOLLOW ME January 12, 2025 This reflection beautifully highlights the critical role self-discipline plays in achieving success, whether in business, leadership, or personal pursuits.

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FEMA Transfers $758M in US Flood Program Risk to 27 Private Reinsurers

Insurance Journal

The Federal Emergency Management Agency (FEMA) said its reinsurance renewal for the National Flood Insurance Program (NFIP) included the transfer of nearly $758 million to the private market through the use of 27 reinsurance companies up from 18 companies …

Risk 246
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“Life doesn’t get easier or more forgiving, we get stronger and more resilient.”

American Senior Benefits

Greg Gelineau, CLTC ~Executive Vice President at American Senior Benefits/Integrity Marketing Group~ Top 1% LinkedIn voice /Coach and Business Consultant. #IndustryExpert/#LeadershipExpert/ SUBSCRIBE TO MY NEWSLETTER & FOLLOW ME January 12, 2025 This reflection beautifully highlights the critical role self-discipline plays in achieving success, whether in business, leadership, or personal pursuits.

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Alliant Employees Blocked From Soliciting Former MMA Clients

Insurance Journal

A federal judge in Manhattan overseeing an insurance brokerage poaching case has blocked three Alliant Insurance Services employees from soliciting or contacting any current Marsh & McLennan Agency (MMA) clients or using a spreadsheet of MMA clients that MMA alleges …

Insurance 246
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Marine round-up : 22nd Janaury 2025

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 : 22nd Janaury 2025 appeared first on Insurance Marine News.

Marine 52
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Connecticut Resiliency Plan Includes Flood Insurance, History Notification Mandate

Insurance Journal

Connecticut Governor Ned Lamont is proposing legislation aimed at improving the state’s resilience in the face of severe weather events, including requiring expanded notification to homeowners and renters of the availability of flood insurance and the flood history of a …

Insurance 246
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Ballast water management – new recording standards

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ballast water management new recording standards appeared first on Insurance Marine News.

Marine 52
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Hawaii Fireworks Blast Victim Injuries Comparable to Those Seen on Battlefield, Doctor Says

Insurance Journal

Some wounds suffered by six Hawaii residents flown to Arizona for medical treatment after a deadly illegal fireworks explosion on New Year’s are comparable to battlefield injuries, the doctor overseeing their care said. Dr.

Injury 246
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Changes to Syria sanctions

Insurance Marine News

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

Marine 52
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Kaplansky Insurance Buys 3 Massachusetts Agencies

Insurance Journal

Kaplansky Insurance has acquired two central Massachusetts insurance agencies and a third in the western part of the state. The agencies acquired are Buckley Insurance and Mobilio Insurance in Worcester and Pijar Insurance in Holyoke.

Insurance 245
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Russian oil tankers still under construction are included in US sanctions

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian oil tankers still under construction are included in US sanctions appeared first on Insurance Marine News.

Marine 52
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LA Braces for Fire Risk From Bone-Dry Winds as Winter Rains Lag

Insurance Journal

Dangerous winds and drought will create extreme fire risk across Southern California Tuesday, putting more than 11 million people in the path of conditions that would allow blazes to spread quickly as the region holds out hope for rain.

Risk 243
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Panama Canal could be 2025 political issue

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Panama Canal could be 2025 political issue appeared first on Insurance Marine News.

Marine 52
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Florida Snowman: As Ice and Snow Come to the State, DeSantis Declares Emergency

Insurance Journal

As a rare snowstorm was bearing down on northern Florida, Gov. Ron DeSantis on Monday declared a state of emergency for the region, readying the National Guard and state agencies to respond as needed.

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Salvage of Bayesian is postponed until April

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Salvage of Bayesian is postponed until April appeared first on Insurance Marine News.

Marine 52
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People Moves: SCOR UK Promotes Mummé-Young to CUO; QBE Taps Allianz’s Marega for New Role as European Product Manager, Professional Indemnity

Insurance Journal

This edition of International People Moves details appointments at SCOR UK and SCOR Syndicate as well as QBE. A summary of these new hires follows here.

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Texas ports, pilots suspend some operations due to winter storm

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Texas ports, pilots suspend some operations due to winter storm appeared first on Insurance Marine News.

Marine 52
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Tropolis Acquires 4 Agencies in Midwest

Insurance Journal

Tropolis, an insurance brokerage that provides property & casualty (P&C) and employee benefits solutions, announced it has completed the acquisitions of four Midwest insurance agencies. Terms of the private transactions were not disclosed.

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Private sector ready to help protect European seabed cables

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Private sector ready to help protect European seabed cables appeared first on Insurance Marine News.

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Trucordia Acquires Rusty Healy Agency in Mississippi

Insurance Journal

Utah-based Trucordia, a top-20 U.S. insurance brokerage, has acquired the Rusty Healy Insurance Agency in Madison, Mississippi, the company said in a news release.

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Natixis owner says Europe’s standalone asset managers cannot be ‘global champions’

Elmore

BPCE chiefs comments come as French asset manager and Italian insurer Generali confirm tie-up The post Natixis owner says Europes standalone asset managers cannot be global champions appeared first on Elmore Insurance Brokers.

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Generali, BPCE to Form Europe’s Second-Largest Asset Manager

Insurance Journal

Assicurazioni Generali SpA and BPCE have reached a preliminary deal to combine their investment units and create Europe’s second-largest asset manager amid a deal wave in the industry.

Insurer 246
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Gallagher: Marine hull & machinery and war risks – market update

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Gallagher: Marine hull & machinery and war risks – market update appeared first on Insurance Marine News.

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Insurance 101: Do Your Clients Know the Difference Between Homeowners Insurance and Flood Insurance this Hurricane Season?

Insurance Journal

This post is part of a series sponsored by AgentSync. The 2024 hurricane season just wrapped, officially ending on Nov. 30, 2024, with two major storms making news and breaking records as of this writing (Hurricanes Helene and Milton).

Insurance 223
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Insurance Company Claims File Transparency Supports Honest and Good Faith Claims Conduct

Property Insurance Coverage Law

The Florida House Insurance and Banking Subcommittee was obviously upset with rising insurance rates and poor claims handling, as noted inParticipate In Your DemocracyEven If You Are Called a Bazooka. I was always told that an honest person has nothing to hide. If so, why dont we require the insurance companies to turn over the … The post Insurance Company Claims File Transparency Supports Honest and Good Faith Claims Conduct appeared first on Property Insurance Coverage Law Blog.

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Washington House Flippers Fined $116K Over Asbestos Removal Rules

Insurance Journal

Two Vancouver, Washington, business owners are facing a combined $116,000 in fines for ignoring rules to protect workers, neighbors, and the environment from exposure to hazardous asbestos at a home-flipping site.

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Navigating shipping’s most pressing challenges

Splash: Finance and Insurance

Emanuele Grimaldi, the chairman of the International Chamber of Shipping, writes for Splash today. In an era marked by growing uncertainty, knowledge and trusted sources are more powerful than ever.

Risk 87