Insurance Journal
AUGUST 19, 2024
Ardonagh Advisory, Ardonagh Group’s SME broking platform, has agreed to acquire UK chartered insurance broker R.K. Henshall & Co. Ltd. Financial details of the transaction, which is subject to regulatory approval, were not disclosed. Established in 1976, R.K.
Property Insurance Coverage Law
AUGUST 19, 2024
A trio of recent Maryland cases decided this summer involving demands for appraisal show that many courts are questioning whether property insurance appraisals are more akin to arbitrations and whether appraisal demands are proper when coverage issues arise. The trend is that federal courts are increasingly indicating that appraisal is to be treated as a … The post Maryland’s Treatment of Appraisal and Questions About the Federal Arbitration Act Preemption of State Appraisal Law appeared f
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Insurance Journal
AUGUST 19, 2024
California Insurance Commissioner Ricardo Lara has invited public input as he begins the final phase of approving a “first of its kind” catastrophe modeling and ratemaking regulation that “will help restore options for all Californians and prepare for the reality …
Property Insurance Coverage Law
AUGUST 19, 2024
Can you imagine a business industry trade group going to politicians asking for laws that prevent others from collecting valid debts from them? Most would be laughed out of town. That is exactly what the insurance industry has accomplished in Florida with recent changes in law. A local investigative news article written by Kate Cimini of the … The post Let’s Get Tough on Drunk Driving but Not Have Any Penalties For the Drunk Driver: Making It Difficult For Policyholders To Collect On Debts
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Insurance Journal
AUGUST 19, 2024
On July 1, 2024, new Virginia Code § 8.01-66.1 became effective and created a new bad faith cause of action that can be significant for underinsured or uninsured (UIM) carriers. The prior Va. Code § 8.01-66.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
AUGUST 19, 2024
Total reconstruction costs in the U.S. rose by 5.2% from July 2023 to July 2024. That’s a large increase from the cost growth from July 2022 to July 2023 (4.0%) and over the cost growth in the second quarter (1.
Splash: Finance and Insurance
AUGUST 19, 2024
Japan’s Sumitomo Corporation has bought a stake in the family-run monopile producer EEW Offshore Wind Holding. The transaction will have a commercial effect from July 1 and will be completed at the end of December 2024, subject to legal and regulatory requirements.
Insurance Journal
AUGUST 19, 2024
The Michigan Department of Insurance and Financial Services (DIFS) released a bulletin this month addressing the growing use of artificial intelligence in the insurance industry.
Splash: Finance and Insurance
AUGUST 19, 2024
Danish offshore wind vessel pure play Cadeler has strengthened its financial capacity by securing improved terms for financing of two newbuilds of about $456m and expanding its revolving credit facility by a year, alongside doubling its uncommitted guarantee lines to €200m to capitalise on market opportunities.
Advertiser: Trellis
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
Insurance Journal
AUGUST 19, 2024
Pilgrim’s Pride, one of the largest U.S. poultry processors, agreed to pay $100 million to settle claims it conspired with rivals to underpay chicken farmers, the final and by far the largest settlement in the seven-year-old antitrust case.
Agency Revolution
AUGUST 19, 2024
This strategic hire enhances Agency Revolution’s leadership team and underscores its commitment to providing top-tier digital marketing solutions for independent insurance agents. August 19, 2024 – Agency Revolution , the leading marketing and communication enablement and website provider for insurance agencies, is thrilled to announce the appointment of Zack Yurch as the new Vice President of Retail Sales.
Insurance Journal
AUGUST 19, 2024
A powerful U.S. committee that scrutinizes foreign investment for national security risks fined T-Mobile $60 million, its largest penalty ever, for failing to prevent and report unauthorized access to sensitive data, senior U.S. officials said on Wednesday.
Agency Revolution
AUGUST 19, 2024
This strategic hire enhances Agency Revolution’s leadership team and underscores its commitment to providing top-tier digital marketing solutions for independent insurance agents. August 19, 2024 – Agency Revolution , the leading marketing and communication enablement and website provider for insurance agencies, is thrilled to announce the appointment of Zack Yurch as the new Vice President of Retail Sales.
Insurance Journal
AUGUST 19, 2024
An employee of a rural Kansas school district repeatedly shoved a teenager with Down syndrome into a utility closet, hit the boy and once photographed him locked in a cage used to store athletic equipment, a lawsuit claims.
Smart Insurance Agents
AUGUST 19, 2024
Looking for the best dental insurance Texas? This guide compares top providers, plan types, and coverage options to help you make an informed decision. Key Takeaways Texas offers a variety of dental insurance plans, including PPO and DHMO options, that provide financial protection against routine and emergency dental costs. Key dental insurance providers in Texas, such as Delta Dental, Humana Dental, and Blue Cross Blue Shield, offer flexibility and comprehensive coverage tailored to individual
Insurance Journal
AUGUST 19, 2024
Attorneys general from about two dozen U.S.
Smart Insurance Agents
AUGUST 19, 2024
Key Highlights Medicare Part D covers Ozempic for type 2 diabetes, but not explicitly for weight loss. Wegovy, another semaglutide-based drug, is covered by some Part D plans for adults with cardiovascular disease and obesity. Mounjaro, a tirzepatide medication for type 2 diabetes, might gain coverage if approved for sleep apnea and obesity. Coverage specifics and costs vary significantly among Medicare Part D and Medicare Advantage plans.
Insurance Journal
AUGUST 19, 2024
Small-scale cannabis farmers in California are calling it quits, crushed by crop damage from devastating wildfires and sliding prices, and industry experts expect the exodus to continue near-term in the largest pot market in the United States.
Smart Insurance Agents
AUGUST 19, 2024
Key Highlights Medicare Supplement Plans, also known as Medigap, help cover costs that Original Medicare doesn’t. These plans are offered by private insurance companies and come in standardized options. You’ll need to be enrolled in both Medicare Part A and Part B to be eligible. The best time to enroll is during your Medigap Open Enrollment Period for guaranteed acceptance.
Insurance Journal
AUGUST 19, 2024
A neighbor reported smelling gas to a utility company the night before a home exploded in Bel Air, Maryland, killing two people, The Baltimore Sun has reported.
Smart Insurance Agents
AUGUST 19, 2024
HMO vs PPO: Choosing the Best Health Insurance Plan for You Deciding between a HMO vs PPO health insurance plan? This guide breaks down the main differences in flexibility, cost, and provider choice to help you select the best option for your healthcare needs and budget. Key Takeaways PPO plans offer flexibility in choosing providers without referrals, but come with higher premiums and out-of-pocket costs, while HMO plans are more cost-effective but restrict provider choices and require coordina
Insurance Journal
AUGUST 19, 2024
Rhode Island Gov. Dan McKee announced Friday that the state has filed a lawsuit against 13 companies that provided design, construction and inspection services related to the troubled Washington Bridge.
Smart Insurance Agents
AUGUST 19, 2024
Key Highlights Comparing Medicare Supplement Plans Insurance, or Medigap, helps cover costs that Original Medicare doesn’t, like copays and deductibles. There are various Medigap plans available, each offering different coverage levels. Popular choices include Plans F, G, and N. Understanding your healthcare needs and budget is crucial in selecting the right plan.
Insurance Journal
AUGUST 19, 2024
LITTLE ROCK, Ark. (AP) — Arkansas Gov. Sarah Huckabee Sanders issued an emergency declaration Saturday after severe thunderstorms knocked down power lines in the northwestern part of the state.
Smart Insurance Agents
AUGUST 19, 2024
Key Highlights Original Medicare (Part A and Part B) typically doesn’t cover routine dental care. Medicare Advantage Plans (Part C) might offer dental coverage, but it varies by plan. Consider standalone Medicare Supplement dental plans for more comprehensive coverage. Look for plans that cover preventive care, basic procedures, and potentially major services.
Insurance Journal
AUGUST 19, 2024
Senior figures in the insurance industry are calling on the UK to restart work on a potential new market worth billions of pounds as part of a drive to boost competitiveness.
Smart Insurance Agents
AUGUST 19, 2024
PlushCare connects patients with licensed doctors for virtual medical and mental health services. This article “PlushCare Review” will explore its benefits, potential drawbacks, and if it’s a good fit for your healthcare needs. Key Takeaways PlushCare offers comprehensive telehealth services, including virtual primary care and mental health support, with licensed doctors averaging 15 years of experience.
Insurance Journal
AUGUST 19, 2024
Houston’s Skyward Specialty Insurance Group announced it is launching an aviation program in partnership with Acceleration Aviation Underwriters.
Distinguished
AUGUST 19, 2024
At Distinguished, we understand the unique insurance needs of community associations. That’s why we have a team of experts dedicated to providing insurance solutions for HOAs, condos, and other types of community associations. We work with community association brokers to get the coverages their clients need. In this short video, we want to introduce you to some of our key team members who bring a wealth of knowledge and expertise to our clients.
Insurance Journal
AUGUST 19, 2024
U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve.
Insurance Marine News
AUGUST 19, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 20th August 2024 appeared first on Insurance Marine News.
Insurance Journal
AUGUST 19, 2024
To achieve net-zero emissions, where emissions and removals of greenhouse gas pollution balance each other out, governments and corporations must do two things: cut emissions as much as possible and remove any residual pollution from the atmosphere.
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