Mon.Sep 09, 2024

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California Policyholders May Be On the Hook for Wildfire Losses

Insurance Journal

California homeowners could be required to pay a surcharge if the state’s insurer of last resort is unable to cover losses from a catastrophic wildfire.

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Can an Appraisal Panel Determine the Period of Restoration for a Business Interruption Dispute? Does the Panel Have to State the Period of Restoration In the Appraisal Award?

Property Insurance Coverage Law

Many property adjusters and policyholders often think of business income and interruption claims as being solely an accounting function. This is not true because there must be a determination of the “period of restoration.” A question sometimes arises whether the “period of restoration” is a coverage question reserved for courts or an issue that an … The post Can an Appraisal Panel Determine the Period of Restoration for a Business Interruption Dispute?

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Red Lobster Landlord Sues Insurer to ‘Clawback’ $1.2M Fire Claim Payment

Insurance Journal

The landlord for a fire-damaged building leased to a Red Lobster restaurant is blaming the restaurant’s insurer for causing it to lose out on $1.2 million in fire insurance claims payments to repair the property.

Claim 279
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15 Customer Retention Strategies In The Insurance Industry | EverQuote

EverQuote

Is it your insurance agency’s goal to grow your business (and in turn, make more money)? If you’re like 99% of agents out there, you’re nodding yes.

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Tropical Storm Francine Strengthens, Spurring Oil Shutdowns

Insurance Journal

Tropical Storm Francine strengthened as it moved north in the Gulf of Mexico, prompting oil drillers to evacuate crews and halt some offshore crude production, while the US Coast Guard warned shippers of approaching gale-force winds.

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5 Proven Strategies for Physician Oversight to Contain Workers’ Comp Medical Costs

AMAXX

Medical cost containment is an essential aspect of managing workers’ compensation claims effectively. Employers and insurance companies face the challenge of controlling medical costs while ensuring that injured employees receive the care they need. Various medical cost containment strategies play a pivotal role in managing these claims efficiently.

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Viewpoint: CrowdStrike Failure Highlights Potential Aggregation Risks for Reinsurers

Insurance Journal

The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years.

Risk 298

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Coney Island’s Cyclone Roller Coaster Reopens 2 Weeks After Malfunction

Insurance Journal

The famed Cyclone roller coaster in New York City’s Coney Island has reopened two weeks after a mechanical problem forced a mid-ride stop and people had to be helped off the attraction.

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Salvage of Sounion in Red Sea remains paused

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Salvage of Sounion in Red Sea remains paused appeared first on Insurance Marine News.

Marine 52
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Single-Engine Plane Crash in Indiana Kills 4

Insurance Journal

ANDERSON, Ind. (AP) — A single-engine plane traveling from Iowa to Indiana crashed in a central Indiana cornfield Friday, killing everyone on board, authorities said. The plane left Fort Dodge, Iowa, just after 6:45 a.m.

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Explosion at Bangladeshi shipbreaking yard

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Explosion at Bangladeshi shipbreaking yard appeared first on Insurance Marine News.

Marine 52
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Catalyit, Big I Partner on Tech-Adoption Support for Independent Agents

Insurance Journal

Catalyit, an insurance technology hub for independent insurance agents, is partnering with the Independent Insurance Agents & Brokers of America, Inc. (the Big “I”) to support independent insurance agents in selecting, implementing and optimizing the right technologies for their agencies.

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New England selects 2.9 GW of offshore wind for Massachusetts/Rhode Island

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New England selects 2.9 GW of offshore wind for Massachusetts/Rhode Island appeared first on Insurance Marine News.

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Markets/Coverages: PURE Heads to Canada to Cover HNW Homes

Insurance Journal

Privilege Underwriters Reciprocal Exchange (PURE) is for the first time going international with an expansion into Canada. The reciprocal exchange will start serving high net worth clients in Ontario with homeowners insurance through select brokers.

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Multiple errors led to deckhand dying on fishing vessel

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Multiple errors led to deckhand dying on fishing vessel appeared first on Insurance Marine News.

Marine 52
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‘Dr. Taxes’ in Georgia Charged with Taking Workers’ Comp Premiums from Clients

Insurance Journal

A businessman in south Georgia who called his business a tax preparation site for immigrants is now facing multiple charges that he swindled clients out of thousands of dollars in workers’ compensation insurance premiums.

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Russia sends conventional LNG carrier through Arctic

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russia sends conventional LNG carrier through Arctic appeared first on Insurance Marine News.

Marine 52
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NHTSA Probes 781,000 Newer Jeep Vehicles Over Fire Reports

Insurance Journal

A U.S. auto safety agency said on Monday it is opening an investigation into more than 781,000 newer Jeep Wrangler and Gladiator sport utility vehicles after reports of underhood fires under the hood.

Liability 260
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Global specialty reinsurance market now relatively stable, says Guy Carpenter

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Global specialty reinsurance market now relatively stable, says Guy Carpenter appeared first on Insurance Marine News.

Marine 52
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Wynn Resorts Paying $130M for Letting Illegal Money Reach Gamblers at Vegas Strip Casino

Insurance Journal

Casino company Wynn Resorts Ltd. has agreed to pay $130 million to federal authorities and admit that it let unlicensed money transfer businesses around the world funnel funds to gamblers at its flagship Las Vegas Strip property.

Liability 260
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Gran Canaria beaches shut as three tonnes of LSFO oil spill approaches coastline

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Gran Canaria beaches shut as three tonnes of LSFO oil spill approaches coastline appeared first on Insurance Marine News.

Marine 52
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FedEx Sued for Violating Federal Law by Discriminating Against Minnesota Driver

Insurance Journal

The Federal Express Corporation (FedEx) violated federal law when it failed to provide reasonable accommodations for qualified, disabled ramp transport drivers with medical restrictions, and instead forced them to take unpaid leave or fired them, the U.S.

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Essential Safety Gear for Motorcyclists: A Guide to Protection on the Road

Mark Jackson Insurance Agency

Motorcycle on an open road by Pragyan Bezbaruah Riding a motorcycle offers an unparalleled sense of freedom and excitement, but it also comes with its share of risks. To ensure safety on the road, it's crucial for motorcyclists to invest in proper safety gear. From helmets to high-top boots, each piece of equipment plays a vital role in protecting riders from the elements and minimizing injuries during accidents.

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An ESG Backlash Erupts in Europe on World’s Strictest Rules

Insurance Journal

For TotalEnergies SE Chief Executive Officer Patrick Pouyanne, the difference in the performance of his company’s stock and that of Exxon Mobil Corp.

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Bulk carriers collide at Chittagong Port

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Bulk carriers collide at Chittagong Port appeared first on Insurance Marine News.

Marine 52
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Viewpoint: Reinsurers Reach Peak Performance as Market Stabilizes; M&A on Hold

Insurance Journal

The reinsurance market has reached an equilibrium, with increased capital supply from accumulated earnings meeting higher demand for reinsurance protection from cedents.

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Mike Lynch suffocated as oxygen ran out

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Mike Lynch suffocated as oxygen ran out appeared first on Insurance Marine News.

Marine 52
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Legal System Abuse Hammers Truck Insurance

Insurance Journal

The U.S. trucking industry has been shaken to its foundations. A welter of external challenges catalyzed the failure of approximately 88,000 trucking firms in 2023. That is 10 percent of the nation’s trucking companies.

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Mortgage Loan Programs for Medical Professionals [Varying Disciplines]

LeverageRx

Healthcare professionals (including veterinarians!): find what you need to know about medical mortgage loan programs in our guide.

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Fast-Growing California Wildfire Threatening 35,000 Structures

Insurance Journal

A fast-growing wildfire in Southern California, has burned 27 square miles, forcing thousands to evacuate had is putting roughly 35,000 homes and buildings at risk.

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Blog Post: Family Unity Parole in Place Legal Clinic Toolkit And Video

LexisNexis

ABA, Sept. 6, 2024 "**Please note the Family Unity Parole in Place as part of the Keeping Families Together program is currently being litigated. The videos and Toolkit are current as of their publication dates. Please find updated information on the lawsuit here. On August 26, 2024, the United States District Court for the Eastern District of Texas, in Texas v.

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Administrative Actions: What Are They and Who Do You Report Them to?

Insurance Journal

This post is part of a series sponsored by AgentSync. Insurance producers are expected to be upstanding citizens, and for good reason. They’re responsible for helping consumers select and purchase some of the most important products a person can buy.

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Gallagher expects P&I Club increases of between 2.5% to 7.5%

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Gallagher expects P&I Club increases of between 2.5% to 7.5% appeared first on Insurance Marine News.

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The Importance of Exceptional Service in New Business Acquisition and Retention

Insurance Journal

This post is part of a series sponsored by Selectsys. In the competitive world of insurance, exceptional service is not just a nice-to-have; it’s a necessity.

Insured 242
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Blog Post: 237(a)(1)(H) Waiver After Denial of Naturalization Application?

LexisNexis

Cyrus D. Mehta, Sept. 9, 2024 "At the naturalization interview the noncitizen applicant could face a rude shock if the examiner reveals that they made a misrepresentation in a long forgotten application for an immigration benefit filed in the distant past. For example, the applicant could have been misled by an unauthorized practitioner when she first came to the US three decades back in filing a fabricated asylum application who did not inform her about the asylum interview.

Claim 40
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Summer 2024 Was World’s Hottest on Record: EU Climate Change Monitor

Insurance Journal

The world is emerging from its warmest northern hemisphere summer since records began, the European Union’s climate change monitoring service said on Friday, as global warming continues to intensify.

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Blog Post: Cameroon Asylum Materials

LexisNexis

David L. Cleveland and the Louise Trauma Center provide documentation to assist attorneys in preparing asylum cases for clients from Cameroon here and here.

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