Insurance Journal
SEPTEMBER 5, 2024
New York’s insurance regulator issued a damning report laying out the severely flawed financial condition of New York’s largest insurer of taxis and for-hire vehicles, as well as dozens of potential financial improprieties and accounting problems, warning that the consequences …
Property Insurance Coverage Law
SEPTEMBER 5, 2024
Insurance companies that wrongly deny or underpay property insurance claims are finding a golden financial opportunity that provides an incentive for them to wrongfully underpay and deny claims—they escape the payment of the replacement cost valuation they promised to their policyholders. While this result can be stopped by common law allowing for bad faith actions … The post What Does Replacement Cost Insurance Pay If There Has Not Been Repair or Replacement?
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Insurance Journal
SEPTEMBER 5, 2024
Dish Network Corp., the ailing satellite-TV provider with more than $20 billion in debt, is in talks with a group of creditors to resolve a lawsuit tied to a controversial transfer of assets.
LexisNexis
SEPTEMBER 5, 2024
Kevin Appleby, CMS, Sept. 2, 2024 "As US citizens and residents celebrate Labor Day, it is important to recognize the contributions immigrants—both legal and undocumented—make to the national economy. Legal immigrants work in a variety of occupations, from skilled scientists and engineers to health-care and home care workers. Over eight million undocumented immigrants also provide important labor to our economy in many fields, such as agriculture, construction, and service.
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Insurance Journal
SEPTEMBER 5, 2024
Johnson & Johnson plans to pay an additional $1.1 billion to resolve tens of thousands of legal actions alleging its baby powder and other talc products caused cancer, two people familiar with the matter said.
Insurance Marine News
SEPTEMBER 5, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Record low river levels in the Amazon Basin appeared first on Insurance Marine News.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
LexisNexis
SEPTEMBER 5, 2024
David Gura, David Fox, Bloomberg, Sept. 3, 2024 "The US asylum process is meant to offer a fair shot at safe haven. But new reporting from Bloomberg uncovers how the difference between those who are granted asylum and those who are denied often boils down to chance. On today’s Big Take podcast, Bloomberg investigative reporter Monte Reel joins host David Gura to trace the arc of one man’s journey and discuss new data analysis that reveals the flaws at the core of the US asylum system.
Insurance Journal
SEPTEMBER 5, 2024
Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims than the 20-year average, reported the Insurance Bureau of Canada.
Insurance Marine News
SEPTEMBER 5, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Sweden’s most mature offshore wind project is shelved because of lack of connection plans appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 5, 2024
A fight over Gulf of Mexico oil production is looming in Washington as US regulators race to redo guidance on how to protect endangered species ahead of a deadline that could ultimately threaten about 15% of the nation’s crude output.
Insurance Marine News
SEPTEMBER 5, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post NTSB says (again) that US Coast Guard needs to act on small-boat safety appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 5, 2024
German automaker BMW is recalling electric Mini Cooper SE vehicles due to problems in their batteries, which could potentially affect more than 140,000 autos worldwide, a company spokesperson told Reuters on Monday.
Insurance Marine News
SEPTEMBER 5, 2024
Containership Dali, which in March hit the Francis Scott Key Bridge in Baltimore, causing its complete collapse and the loss of six lives of maintenance workers who were on the bridge at the time, is preparing to leave its repair yard in Norfolk, Virginia some time during the next few weeks and head to China, The post DOJ begins inspections of container ship Dali as it prepares to sail for China appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 5, 2024
This edition of International People Moves details appointments at Brit Ltd. in Bermuda and HDI Global in Germany. A summary of these new hires follows here. Brit Names Guy Carpenter’s Stephenson to Lead Bermuda Expansion Brit Ltd.
Insurance Marine News
SEPTEMBER 5, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Salvage completed for Verity, nearly a year after collision in North Sea appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 5, 2024
Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, announced it has acquired Conifer Insurance Services a specialty commercial managing general agency from Conifer Holdings, Inc.
Insurance Marine News
SEPTEMBER 5, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Four of the dead on Bayesian ran out of oxygen in air pocket; reports appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 5, 2024
Attorneys representing both living and deceased patients of an Oregon hospital filed a $303 million lawsuit against the facility after a nurse was accused of replacing prescribed fentanyl with nonsterile tap water in intravenous drips.
Insurance Marine News
SEPTEMBER 5, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Threat grows of US east coast, Gulf of Mexico stevedore stoppage appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 5, 2024
The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from the £3.9 billion (US$5.1 billion) reported during H1 2023.
Insurance Marine News
SEPTEMBER 5, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Maersk says impact from Red Sea attacks is increasing appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 5, 2024
BOVINA, Miss. (AP) — The seven people killed in a weekend bus crash in Mississippi were all from Mexico, the Mississippi Highway Patrol said Tuesday as it released their names and ages.
Rough Notes
SEPTEMBER 5, 2024
Insights from the Target Markets Program Administrators Association By Gene Abbey and Sarah Ayars The expansion of the program marketplace and the growth of the Target Market Program Administrators Association (TMPAA) reflect a dynamic and evolving industry landscape.
Insurance Journal
SEPTEMBER 5, 2024
The extended deadline to nominate your agency as a ‘Best Agency’ is Monday so don’t miss out – nominate your agency today for Insurance Journal’s “Best Agency to Work For” awards.
Rough Notes
SEPTEMBER 5, 2024
Education offering brings updated content and continuing education credits By Elisabeth Boone, CPCU The Target Markets Program Administrators Association recently unveiled a new professional designation and hosted a webinar to introduce the new offering. Leading off the webinar discussion was Greg Thompson, past president of TMPAA and now dean of Target University.
Insurance Journal
SEPTEMBER 5, 2024
U.S. facial recognition company Clearview AI has been fined 30.5 million euros ($33.7 million) for building what Dutch data protection watchdog DPA said on Tuesday was an illegal database.
PSM Brokerage
SEPTEMBER 5, 2024
The National Association of Benefits and Insurance Professionals (NABIP) CEO Jessica Brooks-Woods issued a statement on the recent decision by some health plans to discontinue Medicare Part D compensation to health insurance agents. She emphasized that these decisions threaten the livelihoods of Medicare agents and the seniors who rely on them. “We have reached out to WellCare/Centene senior leadership as they are setting a precedent.
Insurance Journal
SEPTEMBER 5, 2024
Firefighters battling a California wildfire that has burned through more than 5 square miles of the high Sierra made significant progress slowing its growth on Wednesday, but hundreds of residents whose homes are threatened remained under evacuation orders.
Elmore
SEPTEMBER 5, 2024
An overlooked detail in the Danish Compromise can have a happy outcome The post How a weapons-grade loophole helps European financial consolidation appeared first on Elmore Insurance Brokers.
Insurance Journal
SEPTEMBER 5, 2024
ATLANTA (AP) — A former University of Georgia recruiting analyst who was severely injured in a deadly car crash has settled her lawsuit against the school’s athletic association nearly two years after the accident.
Insurance Marine News
SEPTEMBER 5, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 6th September 2024 appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 5, 2024
Amazon.com sued a U.S. labor board on Thursday, accusing it of illegally interfering in a union election at a New York City warehouse and claiming the agency’s structure violates the U.S. Constitution.
Insurance Marine News
SEPTEMBER 5, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Lloyd’s books 83.7% CR for H1 appeared first on Insurance Marine News.
Insurance Journal
SEPTEMBER 5, 2024
If Texas wants to rein in its high housing costs, it needs more homes, Texas Comptroller Glenn Hegar’s office said Tuesday — the latest sign that the state’s high home prices and rents have become a growing concern for the …
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