Tue.Feb 18, 2025

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Is a Binder Binding? Yes, Says Alabama Supreme Court in Win for Arbitration Clauses

Insurance Journal

Is a binder binding, even if the property owner never received the insurance policy? Yes, it is, the Alabama Supreme Court decided last week in a case that marks another win for insurers relying on binding arbitration agreements.

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Winning a Bad Faith Lawsuit Is Never Easy

Property Insurance Coverage Law

I wish I had a dollar for every person who has said, This is a slam dunk bad faith case. One lesson I repeatedly tell readers of this blog is that there is no such thing as an easy lawsuit. The second is that allegations in a complaint are one thing, and proof to satisfy … The post Winning a Bad Faith Lawsuit Is Never Easy appeared first on Property Insurance Coverage Law Blog.

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Insurance to Cover Part of Tenn. City’s $28M Settlement Over Botched Rape Case

Insurance Journal

(AP) Leaders in Johnson City, Tennessee, have agreed Thursday to pay $28 million to settle a lawsuit that said police deliberately botched investigations into a suspect accused in civil cases of drugging and sexually assaulting dozens of women.

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Winning a Bad Faith Lawsuit Is Never Easy

Property Insurance Coverage Law

I wish I had a dollar for every person who has said, This is a slam dunk bad faith case. One lesson I repeatedly tell readers of this blog is that there is no such thing as an easy lawsuit. The second is that allegations in a complaint are one thing, and proof to satisfy … The post Winning a Bad Faith Lawsuit Is Never Easy appeared first on Property Insurance Coverage Law Blog.

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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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Delta Plane Flips Upside Down in Toronto Landing, 15 Hurt

Insurance Journal

A Delta Air Lines Inc. regional jet flipped out of control after landing in windy, freezing conditions in Toronto, skidding along the runway and coming to rest upside down after losing its tail and one of its wings.

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In $17M Suit, Cannabis Grower Claims Nearby Farm’s Pesticides Contaminated Its Crops

Insurance Journal

A Massachusetts cannabis grower is suing a neighboring berry and vegetable farm for allegedly rendering its entire cannabis harvest unusable by incorrectly spraying chemicals in a way that caused them to drift onto its cannabis crops and contaminate them.

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Lakewood Ranch Life Insurance

RiskQuoter

Lakewood Ranch (LWR), Florida, is a thriving community in SouthWest Florida near Sarasota. From young couples, large families, business owners, and retirees, life insurance is […] The post Lakewood Ranch Life Insurance appeared first on RiskQuoter.com.

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Harvey Weinstein Alleges Brother, Others Duped Him Over $45M Loan

Insurance Journal

Jailed and disgraced movie mogul Harvey Weinstein alleges in a new lawsuit that his brother, Bob Weinstein, and other executives at their now-defunct film company duped him into guaranteeing a $45 million loan in 2016, but diverted funds for their …

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Marine Alliance acquires Speedwell Insurance Brokers

Splash: Finance and Insurance

Two years after it was founded, Hamburgs Marine Alliance is growing through the acquisition of a majority stake in London-based insurance broker Speedwell, who will join the current partnership of Marine Assekuranz and Fram Insurance Brokers.

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Markets/Coverages: IQUW Launches Ports & Terminals Product

Insurance Journal

IQUW, the London-based specialty insurer and reinsurer, has launched its new ports and terminals product, reinforcing its position as a lead market for marine insurance.

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Handling Difficult Return to Work Scenarios

AMAXX

Achieving a 90% return-to-work rate within 0-4 days is the gold standard for managing workers’ compensation claims, with best-in-class organizations reaching 95%+. However, some cases present challenges that require a more strategic approach. Consider Psychosocial Factors Recovery from work injuries is often influenced by psychological and social barriers that go beyond physical healing.

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Viewpoint: Are Carriers and MGA’s Leaving Revenue on the Table?

Insurance Journal

Insurance companies spend billions of dollars a year on advertisingand for good reason. With auto insurance mandated in nearly every state and home insurance required by mortgage lenders, insurance product providers are competing for the attention of almost every American.

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Marine round-up : 18th February 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 : 18th February 2025 appeared first on Insurance Marine News.

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People Moves: OGA Promotes and Makes New Leadership Hires

Insurance Journal

One General Agency (OGA), headquartered in Oklahoma City, promoted and hired several new team members to leadership positions. OGA promoted Taylor Matthews to vice president of operations.

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Ship recycling “destabilized” by US steel tariffs

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ship recycling destabilized by US steel tariffs appeared first on Insurance Marine News.

Marine 52
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People Moves: Encova Insurance Appoints Two Commercial Lines Leaders

Insurance Journal

Encova Insurance, headquartered in Columbus, Ohio, appointed Dawn Colavecchi as commercial lines regional vice president, and Todd Becker as vice president, commercial underwriting office, workers’ compensation.

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Can shipping companies hold and use aviation EUAs to satisfy their obligations under the EU ETS?

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Can shipping companies hold and use aviation EUAs to satisfy their obligations under the EU ETS? appeared first on Insurance Marine News.

Marine 52
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How to Operate in Today’s ‘Bananas’ Casualty Insurance World

Insurance Journal

Leaders of the casualty insurance practices of a global insurance carrier and a North American specialty brokerage offered insights for insurance buyers and sellers to deal with today’s casualty insurance market during a webinar last week.

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USCG alerts on understanding the explosion hazard when shipping coal

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post USCG alerts on understanding the explosion hazard when shipping coal appeared first on Insurance Marine News.

Marine 52
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People Moves: Hub International’s Murphy to Lead N.A. Casualty Practice

Insurance Journal

HUB International Limited (HUB), headquartered in Chicago, appointed Carol Murphy as North American casualty practice leader. Murphy leads development of HUB’s casualty practice, developing strategic solutions across a broad range of industries and exposures.

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NorthStandard update on 2025/26 policy year

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post NorthStandard update on 2025/26 policy year appeared first on Insurance Marine News.

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Husband Sues Travel Firm Over Wife’s Death in Hippo Attack on Safari

Insurance Journal

A New Jersey man whose wife was killed in a horrific hippopotamus attack last year during a safari in Africa is suing the U.S.

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Britannia provides update on 2025-26 policy year details

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Britannia provides update on 2025-26 policy year details appeared first on Insurance Marine News.

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Scientists Racing to Discover Depth of Ocean Damage From LA Wildfires

Insurance Journal

On a recent Sunday, Tracy Quinn drove down the Pacific Coast Highway to assess damage wrought upon the coastline by the Palisades Fire. The water line was darkened by ash.

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Estonia’s Navy is increasing its Baltic Sea patrols

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Estonias Navy is increasing its Baltic Sea patrols appeared first on Insurance Marine News.

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People Moves: Media Guarantors Names Sutherland SVP, Business Development

Insurance Journal

Media Guarantors appointed Angus Sutherland as senior vice president of business development and client relationships. Sutherland has more than 20 years of experience in the entertainment industry. In this role, Sutherland oversees client relationships worldwide.

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Stena Line updates on Holyhead port damage: Full July 1st reopening is the target

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Stena Line updates on Holyhead port damage: Full July 1st reopening is the target appeared first on Insurance Marine News.

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Virginia Governor Seeks Major Disaster Declaration for Winter Storm Floods

Insurance Journal

Citing damages and outages caused by dangerous winter storms and flash flooding across parts of Buchanan County and elsewhere over the past week, Virginia Governor Glenn Youngkin has submitted a request for an expedited major federal disaster declaration to President …

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Explosion reported on crude oil tanker at Savona, Italy

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Explosion reported on crude oil tanker at Savona, Italy appeared first on Insurance Marine News.

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Tractor-Trailer Accident Kills Driver on on Interstate 20 in Dallas

Insurance Journal

A fatal accident involving multiple vehicles and a tractor-trailer shut down traffic for a time on a stretch of Interstate 20 in the Dallas area early Sunday, authorities said.

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SAVING MONEY BY COMBINING INSURANCE PROTECTIONS

Boyle Agency Insurance

Should You Combine Insurance Coverages? Combining insurance coverages, known as “bundling” can save you money, but it isn’t always the best choice. If you are thinking about combining coverages, such as homeowners insurance and automobile insurance, get some advice from an insurance professional. In some cases when you “bundle” insurance you might pay less, but you will also get less protection.

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Many Nebraskans Still Under Threat of High Nitrate in Drinking Water

Insurance Journal

In 2023, nearly 29,000 households scattered across rural Nebraska received postcards instructing them how to get their drinking water tested, free of charge, for a harmful contaminant state policymakers have been aware of for decades.

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How AI and Automation Are Changing Business Insurance Needs

Mark Jackson Insurance Agency

Robotic hand pointing to digital designs by Tara Winstead Artificial intelligence (AI) and automation are transforming industries across the board, and business insurance is no exception. From streamlining claims processing to introducing new risks that companies must address, AI-driven technologies are reshaping the way businesses approach coverage and risk management.