Insurance Journal
AUGUST 15, 2024
Hard reinsurance pricing conditions are likely to last longer than in previous market cycles mainly as a result of persistently high claims activity from the accumulation of medium-sized disaster losses and secondary perils, according to an AM Best report.
Property Insurance Coverage Law
AUGUST 15, 2024
The recent tragic story, Teen Roofer Fatally Electrocuted on the Job, Federal Probe Launched, reinforces the lesson that OSHA costs, training, and compliance must be accounted for and accomplished by restoration contractors, roofers, and adjusters. Roofing and restoration work involves inherent hazards like working at heights, handling heavy materials, using power tools, and operating machinery … The post OSHA Costs, Training, and Compliance Must Be Accounted For By Restoration Contractors
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Insurance Journal
AUGUST 15, 2024
Is your agency a Best Place to Work? Then it’s time to nominate your agency for Insurance Journal’s “Best Agency to Work For” award. To nominate your agency, you must be a current employee of the agency you are nominating.
Property Insurance Coverage Law
AUGUST 15, 2024
Insurance companies claim that when claims numbers are simply made up, that act constitutes fraud. If that is so, then insurance company fraud statistics are a fraud. The often wrongfully cited estimate of $308.6 billion is an admittedly “make believe” estimate. A recent article by Kenneth S. Klein in the Journal of Insurance Regulation, The … The post Insurance Fraud Cost Statistics Are a Fraud appeared first on Property Insurance Coverage Law Blog.
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Insurance Journal
AUGUST 15, 2024
A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible.
Central Insurance
AUGUST 15, 2024
You’ve earned your Idaho contractor license—now what? Learn the crucial steps to safeguard your business with expert tips from Central Insurance The post You Just Got Your Idaho Contractor License, Now What? appeared first on Central Insurance Blog.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Property Insurance Coverage Law
AUGUST 15, 2024
Insurance adjusters rely on many things to evaluate claims, including case law and industry publications. In this post, I explore how industry publications define the terms “specified perils” and “falling objects” to understand how those terms apply even to rare situations, like losses caused by meteor strikes or space debris. As you’ll see, insurance adjusters … The post What Are Specified Perils?
Insurance Journal
AUGUST 15, 2024
Maine utility regulators unanimously rejected on Tuesday an electric utility’s proposal to proactively report high consumption that signals a marijuana growing operation to law enforcement officials in an attempt to aid police crackdown on illicit operations.
Frankenmuth Insurance
AUGUST 15, 2024
Do you know how old your roof is or what condition it’s in? Taking the time to conduct simple checks in key areas can help you identify when it’s time to call in reinforcements. Follow our roof maintenance tips and learn what to look for when it comes to roof damage, aging, and necessary repairs. Look for these warning signs from the street or yard: Shingles that do not lay flat, but instead curl or buckle A roof that looks old or irregular Black spots or lines on the roof.
Insurance Journal
AUGUST 15, 2024
PECOS COUNTY, Texas – On a sprawling ranch in Pecos County in late July, oil well control specialist Hawk Dunlap used a backhoe to uncover an abandoned or so-called zombie well that had sprung back to life despite being plugged …
LexisNexis
AUGUST 15, 2024
By Hon. Susan V. Hamilton, Former Assistant Secretary and Deputy Commissioner, California Workers’ Compensation Appeals Board The June 13, 2024 edition of the LexisNexis Workers’ Compensation eNewsletter included an article that discussed the requirements of an expedited request for medical treatment and the utilization review (UR) of that request (see [link] ).
Insurance Journal
AUGUST 15, 2024
Hundreds of flights and some bullet train services will be suspended as Typhoon Ampil makes its way toward Japan’s main island Friday, impacting travel plans during the country’s annual summer break. Japan Airlines Co.
Neilson Marketing Services
AUGUST 15, 2024
Over the past year, the number of website accessibility lawsuits under the Americans with Disabilities Act (ADA) has surged, highlighting the need for digital properties to be compliant. This trend is particularly relevant for insurance companies, as ADA compliance can help prevent costly lawsuits and improve the user experience. If you’re unsure about your insurance website’s compliance status, it’s time to take action.
Insurance Journal
AUGUST 15, 2024
What’s in a name? Thousands of dollars, a lost job, denied insurance coverage and the possibility of a suspended law license for a Mississippi workers’ compensation attorney, apparently.
LexisNexis
AUGUST 15, 2024
Review this exciting guide to some of the recent content additions to Practical Guidance, designed to help you find the tools and insights you need to work more efficiently and effectively. Practical Guidance customers, please click here to see What’s New in July 2024. For previous editions, follow this link to review May , and this link to review June 2024 content additions.
Insurance Journal
AUGUST 15, 2024
A Maui judge’s ruling resolves a critical roadblock to finalizing a $4 billion wildfire settlement: Insurance companies who have paid out more than $2 billion in claims can seek reimbursement only from the settlement amount defendants, who victims blame for …
Insurance Marine News
AUGUST 15, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Leading flag registries to cooperate in identifying “problematic” vessels appeared first on Insurance Marine News.
Insurance Journal
AUGUST 15, 2024
The energy company at the center of a $60 million bribery scheme in Ohio will pay $20 million and avoid criminal charges as part of a deal with state prosecutors to resolve its role in the scandal. Akron-based FirstEnergy Corp.
Insurance Marine News
AUGUST 15, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Chinese investigation finds that Newnew Polar Bear caused pipeline break: report appeared first on Insurance Marine News.
Insurance Journal
AUGUST 15, 2024
A federal workplace safety investigation has found that a metro-Chicago carpentry contractor with a long history of exposing employees to potentially deadly hazards again ignored regulations to protect workers from falls. For the seventh time since 2013, the U.S.
Insurance Marine News
AUGUST 15, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post More Problems for CalMac; Turkish yard delays delivery of new ferry appeared first on Insurance Marine News.
Insurance Journal
AUGUST 15, 2024
Chevron Corp. is to pay Richmond City Council $550 million over 10 years, the city said in a statement, in a settlement that saw it drop a proposed ballot on a new tax on the oil major’s Richmond refinery.
Insurance Marine News
AUGUST 15, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Equinor, Dominion Energy winners in Central Atlantic offshore wind auction appeared first on Insurance Marine News.
Insurance Journal
AUGUST 15, 2024
The University of North Carolina at Chapel Hill announced it is launching an Institute for Risk Management and Insurance Innovation, an interdisciplinary research and innovation center.
Insurance Marine News
AUGUST 15, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Fremantle port workers to strike for 48 hours, sparking delays in vessel movements appeared first on Insurance Marine News.
Insurance Journal
AUGUST 15, 2024
Johnson & Johnson was twice blocked in New Jersey from getting bankruptcy protection from one of its units to resolve billions of dollars in cancer claims tied to baby powder use.
Insurance Marine News
AUGUST 15, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian diesel STS transfers increase in northern Aegean appeared first on Insurance Marine News.
Insurance Journal
AUGUST 15, 2024
As industrywide auto insurance loss costs appear to be moderating, consumers continue to shop policies at elevated rates, according to the latest quarterly Insurance Personal Lines and Perspectives report from TransUnion.
Insurance Marine News
AUGUST 15, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New US Bill looks to alter 1851 Limitation of Liability Act appeared first on Insurance Marine News.
Insurance Journal
AUGUST 15, 2024
Utah-based PCF Insurance Services reports it has acquired the insurance business of Asset Insurance Agency, based in Peabody, Massachusetts. Asset Insurance Agency sells auto, home, commercial and life insurance in Massachusetts, New Hampshire, Maine, Florida, Rhode Island and Connecticut.
Insurance Marine News
AUGUST 15, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Alleged “toxic cargo” will be returned to Europe appeared first on Insurance Marine News.
Insurance Journal
AUGUST 15, 2024
An owner of a now defunct trucking company agreed to plead guilty on Tuesday to federal charges related to a deadly crash in New Hampshire that killed seven motorcyclists.
LexisNexis
AUGUST 15, 2024
By Kris Satkunas and Stephanie Beck In legal operations, a two-fold everyday challenge centers around billing and legal spend management. Legal departments experience high volumes of invoices from outside counsel that should receive thorough review. Legal departments without advanced e-billing software engage in this process manually, which can lead to non-compliance with outside counsel guidelines and over-payment of legal fees.
Insurance Journal
AUGUST 15, 2024
The Oregon Occupational Safety and Health Division fined a building materials supplier $92,226 for repeatedly failing to protect workers from potential fall hazards. The citation issued to ABC Supply Co. Inc.
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