Fri.Aug 30, 2024

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Specialist Risk Group Acquires Renewal Rights of London-Based Taxi Insurance Broker

Insurance Journal

Specialist Risk Group (SRG) announced the acquisition of the ongoing renewal rights of Morton Insurance Brokers, a specialist in private hire and taxi insurance across the UK since 1987. Financial details of the transaction were not disclosed.

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Are We Valuing Fire Losses Accurately and Keeping Up with the Science of Fire Loss?

Property Insurance Coverage Law

An article by Sean Scott published this March in Restoration & Remediation Magazine, Cyanide Residues in Fire Damaged Buildings, made the following observation, which all property insurance adjusters and those involved with fire damage should be aware of: During a structure fire, toxic gases, acids, VOC’s, and a vast array of other hazardous chemicals are … The post Are We Valuing Fire Losses Accurately and Keeping Up with the Science of Fire Loss?

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California Legislature Passes Bill to Support Insurance Fraud Detectives

Insurance Journal

California lawmakers passed a bill to help close the pay gap between the California Department of Insurance’s fraud detectives and officers in other state agencies.

Insurance 306
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What Is Employers Liability Insurance?

Property Insurance Coverage Law

Employer’s liability insurance protects businesses from lawsuits filed by employees who have suffered a work-related injury or illness. It’s distinct from workers’ compensation insurance; workers’ comp (as it’s often called) provides benefits to employees who are injured on the job, while employer’s liability insurance covers the employer’s legal costs and potential damages if an employee … The post What Is Employers Liability Insurance?

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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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RLI Insurance Wants 16% Rate Hike in Florida on Umbrella, Filing Shows

Insurance Journal

Florida’s insurance commissioner in early August noted that rate increases by property-casualty insurers in the state have slowed significantly since 2023 legislative reforms were enacted, with 12 carriers asking for a small decrease this year and another two dozen filing …

More Trending

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TDI to Hold Two Public Meetings on TWIA’s Filing of 10% Rate Increase

Insurance Journal

The Texas Department of Insurance will hold two public meetings in September on the Texas Windstorm Insurance Association’s annual rate filing increase of 10% for residential and commercial properties. TDI will host a meeting on Monday, Sept.

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GIVE A LITTLE, GAIN A LOT MORE

Rough Notes

Standing in front of Zeller Insurance with his teammates, Nate West (third from left) is well known in Columbus, Indiana, for his ’75 Ford pickup truck. Indiana agent wins PIA National Young Insurance Professional of the Year award By Christopher W.

Agents 98
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Climate Change Intensified Typhoon Shanshan, Study Says

Insurance Journal

Typhoon Shanshan, which struck southern Japan this week with heavy rain and strong winds, was likely intensified by climate change, according to a study from Imperial College London.

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Marine round-up : 30th August 2024

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 : 30th August 2024 appeared first on Insurance Marine News.

Marine 59
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4 Killed, 10 Injured When Passenger Van Rolls Over in Texas Highway Crash

Insurance Journal

ALVORD, Texas (AP) — Four people were killed and 10 were injured when a van rolled multiple times after the driver veered off a Texas highway and then overcorrected Wednesday, authorities said. The crash happened just before 8 a.m.

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IALA changes its status to Intergovernmental Organization

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post IALA changes its status to Intergovernmental Organization appeared first on Insurance Marine News.

Marine 59
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‘Potentially Explosive’ Military Devices Involved in Deadly Arkansas Crash

Insurance Journal

BRINKLEY, Ark. (AP) — A crash on Interstate 40 in Arkansas involving two tractor-trailers and a truck carrying “potentially explosive” military devices killed one person and backed up traffic for hours on the busy highway, officials said.

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Disney Dream to bypass Amsterdam

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Disney Dream to bypass Amsterdam appeared first on Insurance Marine News.

Marine 59
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CrowdStrike VP Set to Testify to Congress on IT Outage

Insurance Journal

A senior member of CrowdStrike Holdings Inc.’s operations team is scheduled to appear before Congress to answer questions on the company’s global IT outage in July that disrupted industries around the world.

Cyber 293
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Lift arrives to pull sunken tug boat from Fraser River, Vancouver

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Lift arrives to pull sunken tug boat from Fraser River, Vancouver appeared first on Insurance Marine News.

Marine 59
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Main Street America Insurance Exits Personal Lines

Insurance Journal

Main Street America Insurance said Thursday it will stop offering personal lines insurance in favor of a commercial lines strategy.

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Hafnia Nile’s cargo being offloaded

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Hafnia Nile’s cargo being offloaded appeared first on Insurance Marine News.

Marine 59
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Severe Storms Leave Over 300K Michigan Homes and Businesses Without Power

Insurance Journal

ROYAL OAK, Mich.

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Fire breaks out on NY Waterway ferry; passengers evacuated

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Fire breaks out on NY Waterway ferry; passengers evacuated appeared first on Insurance Marine News.

Marine 59
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Northwestern University Cheerleader Drops Sexual Harassment Lawsuit

Insurance Journal

EVANSTON, Ill. (AP) — A cheerleader has dropped her federal sexual harassment lawsuit against Northwestern University.

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Two more crewmembers on Bayesian named as being under investigation

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Two more crewmembers on Bayesian named as being under investigation appeared first on Insurance Marine News.

Marine 59
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Railway Worker’s Death in Ohio Prompts Concerns Over Remote Control Trains

Insurance Journal

The CSX worker who discovered his friend run over by a pair of remote-control locomotives in a railyard last year sees a simple solution to preventing similar deaths in the future: two-person crews.

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Red Sea insurance nearly doubles after latest ship attack (#

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Red Sea insurance nearly doubles after latest ship attack (# appeared first on Insurance Marine News.

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Invisalign Maker Reaches $27.5M Settlement of Consumer Antitrust Lawsuit

Insurance Journal

Align Technology, the maker of Invisalign clear teeth aligners, agreed to pay $27.5 million to settle a lawsuit claiming it entered an illegal antitrust conspiracy that drove up prices of aligners made by rival SmileDirectClub.

Claim 278
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Houthis will allow salvage teams to attend to Sounion

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Houthis will allow salvage teams to attend to Sounion appeared first on Insurance Marine News.

Marine 59
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Australia’s Agile Launches New Zealand Unit to Support Its New Lloyd’s Syndicate

Insurance Journal

Agile Underwriting Services, the Sydney, Australia-based insurtech, managing general agent, and Lloyd’s coverholder, has launched a unit in New Zealand, which Agile described as the first of its kind for a Lloyd’s syndicate.

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How to Create a Winning Insurance Sales Presentation

Word & Brown

The right sales presentation will turn your employer prospect into a customer. Whether your discussion is online or in-person, there are some basic guidelines to keep in mind when putting your presentation together. Below are five tips to help you create a winning sales presentation. 1: Do your research upfront – before you begin putting your presentation together.

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California Advances Landmark Legislation to Regulate Large AI Models

Insurance Journal

Efforts in California to establish first-in-the-nation safety measures for the largest artificial intelligence systems cleared an important vote this week that could pave the way for U.S. regulations on the technology evolving at warp speed.

Cyber 277
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LEGAL SERVICES PROTECTION GAINS MOMENTUM

Rough Notes

Voluntary product covers planned and unplanned expenses “There can be two major sources of stress. First, the stress of the legal issue itself, and then the stress of figuring out who is going to help you deal with it.” —Emily B. Rose President, Business Solutions LegalShield By Thomas A.

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PCF Brokerage Buys Part of Kentucky Health Solutions in 14th Acquisition This Year

Insurance Journal

PCF Insurance Services, a large U.S. brokerage handling commercial and personal lines, life and health, workers’ compensation and employee benefits, has acquired the insurance business of Kentucky Health Solutions.

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BEST PRACTICES FOR TIME MANAGEMENT

Rough Notes

Strategies for service staff, producers and principals By Heath Shearon Ah, time management—a topic that resonates deeply in the whirlwind world of insurance. In an industry where every tick of the clock can shift the balance of client satisfaction and operational efficiency, mastering this skill isn’t just important; it’s essential.

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Four Fatal Shootings by Officers Were Justified, Mississippi Attorney General Says

Insurance Journal

JACKSON, Miss. (AP) — The use of force was justified in four fatal shootings by Mississippi law enforcement officers last year, Attorney General Lynn Fitch said Wednesday. Fitch based her findings on investigations conducted by the Mississippi Bureau of Investigation.

Risk 275
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NATIONAL AFRICAN AMERICAN INS. ASSOC. NATIONAL

Rough Notes

Empowering its members through professional development and networking opportunities By Christopher W. Cook Founded in 1997 by independent insurance agent Jerald L. Tillman, whose insurance career today spans over 45 years, the National African American Insurance Association (NAAIA) was created for Black and African American insurance professionals to network and share information.