Tue.Mar 11, 2025

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Private Credit’s Push for Retail Money Stokes New Vulnerability

Insurance Journal

Private credit’s rush to attract money from retail investors is making the sector more vulnerable to the kind of liquidity mismatches found in traditional lenders, the Bank for International Settlements warned in a report on Tuesday.

Risk 182
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Avoid Claim Denials: Key Policyholder Duties After a Loss

Property Insurance Coverage Law

All insurance policies include a section placing specific responsibilities and obligations on policyholders to act in a certain way before entitling them to policy benefits for what should be a covered loss. If policyholders ignore such obligations, insurance companies can try to delay payment or, in more extreme circumstances, even deny payment altogether for what … The post Avoid Claim Denials: Key Policyholder Duties After a Loss appeared first on Property Insurance Coverage Law Blog.

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Markets/Coverages: Liberty Specialty Markets, Baobab Offer E-Crime Cover for SMEs

Insurance Journal

Liberty Specialty Markets (LSM), a division of the US Liberty Mutual Group, and Baobab Insurance, a digital underwriter of technical risks, are offering a new joint e-crime insurance product for small and medium-sized enterprises (SME) in Germany and Austria.

Crime 136
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Avoid Claim Denials: Key Policyholder Duties After a Loss

Property Insurance Coverage Law

All insurance policies include a section placing specific responsibilities and obligations on policyholders to act in a certain way before entitling them to policy benefits for what should be a covered loss. If policyholders ignore such obligations, insurance companies can try to delay payment or, in more extreme circumstances, even deny payment altogether for what … The post Avoid Claim Denials: Key Policyholder Duties After a Loss appeared first on Property Insurance Coverage Law Blog.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Girl Scouts Sued Over Alleged Metals, Pesticides in Thin Mints, Other Cookies

Insurance Journal

The Girl Scouts have been sued by consumers over the alleged presence of “heavy metals” and pesticides in its popular Thin Mints and other cookies.

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5 Hospitalized After Small Plane Crashes in Retirement Community Parking Lot

Insurance Journal

A single-engine airplane carrying five people crashed and burst into flames Sunday in the parking lot of a retirement community near a small airport in suburban Pennsylvania, and everyone on board survived, officials and witnesses said.

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Important Times to Use Surveillance in Workers’ Comp Claims

AMAXX

Effectively managing workers compensation requires careful oversight and proactive measures to identify and prevent fraudulent or exaggerated claims. Surveillance serves as a powerful tool in validating claims, protecting your organizations financial health, and ensuring resources are dedicated to genuinely injured employees. Here are critical situations in which using surveillance can significantly strengthen your workers’ compensation strategy: Claimant Claims Total Disability Surveillan

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Most Execs Feel More Stressed at Start of 2025 Than 2024: Sentry

Insurance Journal

More than two-thirds of executives polled in a recent survey reported feeling more stressed at the beginning of 2025 than they did at the start of 2024.

Insurer 237
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Risk of collision with offshore installations from attendant vessels

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Risk of collision with offshore installations from attendant vessels appeared first on Insurance Marine News.

Risk 102
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Take the Hassle Out of Claims Management

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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Hub International Acquires C&L Marine Insurance in Florida

Insurance Journal

Chicago-based Hub International, an insurance broker and financial services firm with offices across North America, has acquired another agency in the Southeast. Hub announced that it has acquired the assets of C&L Marine Insurance, based in Boca Raton, Florida.

Marine 231
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Several vessels report GPS disruption in Strait of Hormuz, says UKMTO

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Several vessels report GPS disruption in Strait of Hormuz, says UKMTO appeared first on Insurance Marine News.

Marine 100
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H&F’s Seeks $30 Billion Valuation of Hub in Fundraising

Insurance Journal

Hellman & Friedman is looking to raise at least $1 billion in equity from investors for Hub International Ltd., in a potential deal valuing the insurance brokerage at $30 billion, according to people familiar with the matter.

Insurer 231
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Louise Nevill to move to Axa XL: report

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Louise Nevill to move to Axa XL: report appeared first on Insurance Marine News.

Marine 66
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New York Sues National General and Allstate Over Data Breaches

Insurance Journal

New York’s Attorney General filed a lawsuit against National General and its parent Allstate Insurance Co. alleging they have failed to protect New Yorkers’ personal information from cyberattacks.

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Captain of Solong is arrested over North Sea collision

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Captain of Solong is arrested over North Sea collision appeared first on Insurance Marine News.

Marine 66
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A California City Is Pioneering Urban-Scale Insurance for Climate Disasters

Insurance Journal

“Fire took everything, please help.” The headline was one of hundreds like it on GoFundMe campaigns that launched even as the embers of the fires in the Pacific Palisades and Altadena were still smoldering.

Insurer 192
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Hub acquires Florida agency C&L 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 Hub acquires Florida agency C&L Marine Insurance appeared first on Insurance Marine News.

Marine 58
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People Moves: WSIA Elects Officers; Ryan’s McCrorie Becomes Chair

Insurance Journal

Wholesale & Specialty Insurance Association (WSIA) members elected Phillip McCrorie to serve as 2025-2026 WSIA Chair. McCrorie serves as CEO and chairman of RSUI. He joined the WSIA Board in 2021 and the executive committee in 2024.

Insurer 177
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International and domestic bulk carriers collide in Yangtze Estuary

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post International and domestic bulk carriers collide in Yangtze Estuary appeared first on Insurance Marine News.

Marine 52
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School Owner Sentenced for Falsifying Asbestos Removal Training Documents

Insurance Journal

The owner of a Rhode Island asbestos abatement training center who falsified documents attesting individuals paid for, attended, and successfully completed an Environmental Protection Administration (EPA)-approved abatement training program has been sentenced to two years’ probation, announced Acting United States …

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GPS jamming sent Bangladeshi bulker aground in Baltic, reports claim

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post GPS jamming sent Bangladeshi bulker aground in Baltic, reports claim appeared first on Insurance Marine News.

Claim 52
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Kennedy Wants FDA to Close ‘Self-Affirm’ Safety ‘Loophole’ Used by Food Manufacturers

Insurance Journal

U.S. Secretary of Health and Human Services Robert Kennedy Jr. directed the Food and Drug Administration on Monday to revise safety rules to help eliminate a provision that allows companies to self-affirm that food ingredients are safe.

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Highway bridge collapses onto barge during demolition

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Highway bridge collapses onto barge during demolition appeared first on Insurance Marine News.

Marine 52
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Stricken Oil Tanker in North Sea Smolders With Hole in Side

Insurance Journal

A US oil tanker that was struck by a container ship in the North Sea on Monday was smoldering with a gaping hole in its side, footage broadcast by BBC News showed.

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Shipping lines reduce long-haul sailings

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Shipping lines reduce long-haul sailings appeared first on Insurance Marine News.

Marine 52
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People Moves: Alera Group Appoints Bashford as Managing Director of the Midwest Region

Insurance Journal

Alera Group, headquartered in Deerfield, Illinois, appointed Talicia Bashford as managing director of the Midwest region. Bashford will lead the growth of Alera Group’s capabilities and market share across the Midwest.

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Weather off Newfoundland delays MSC Baltic III salvage efforts

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Weather off Newfoundland delays MSC Baltic III salvage efforts appeared first on Insurance Marine News.

Marine 52
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Fintech Zolve Raises $251 Million in Largest Funding Round Yet

Insurance Journal

Zolve raised $251 million in its latest equity and debt financing round, the neo bank said on Tuesday, led by Indian private equity firm Creaegis, an existing investor, with participation from names like HSBC and SBI Investment.

Insurer 154
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Blog Post: 2025 Cybersecurity Showdown: In-House Counsel's Battle Against New AI Threats Amid Changing Data Privacy Laws

LexisNexis

In-house counsel have the sobering responsibility of protecting their organizations from evolving cybersecurity and data privacy threats at a time when there is a dramatic increase in the sophistication of attack vectors and regulatory obligations. With a host of new state data privacy laws coming online in 2025, this year is sure to test organizations compliance capabilities more than ever before, reported LegalTech News , in a recent story regarding legal industry experts predictions for data

Cyber 59
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Viewpoint: The Evolution of Homeowners Insurance in California—From Niche to Necessity

Insurance Journal

For many years, the homeowners insurance market operated as a relatively stable and predictable sector in California. Changes were incremental, and the market largely catered to established patterns of risk and pricing.

Insurer 136
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Blog Post: What Is Legal Case Management

LexisNexis

Legal case management is a comprehensive approach to handling legal cases efficiently and effectively. It involves the use of a legal case management system, the specialized case management software for lawyers. Various methodologies exist within the legal case management system to organize, track, and manage legal cases from inception to resolution.

Claim 52
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AM Best Revises Outlooks for Members of Grange Insurance Group in Washington

Insurance Journal

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Grange Insurance Association and its reinsured subsidiary Granwest Property & Casualty.

Insurer 136