Fri.Nov 15, 2024

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Oklahoma Insurance Commissioner Issues Bulletin on Use of AI

Insurance Journal

Oklahoma Insurance Commissioner Glen Mulready issued a bulletin providing insurers with regulatory guidance on the use of artificial intelligence. The bulletin, which was adopted by the National Association of Insurance Commissioners (NAIC), outlines expectations on the ethical use of AI.

Insurance 289
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Progressive and K&P’s Alleged Insurance Scheme: When Reality is Stranger Than Fiction

Property Insurance Coverage Law

You really cannot make this stuff up. Progressive Insurance Company, one of America’s largest auto insurers, is alleged to have created a scheme that would make ambulance chasers blush – directly feeding accident victim information to a law firm for solicitation. The Bizarre Facts Picture this: You get into a minor fender bender, dutifully report … The post Progressive and K&P’s Alleged Insurance Scheme: When Reality is Stranger Than Fiction appeared first on Property Ins

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Judge Questions Transparency of Onion Bid for Infowars

Insurance Journal

A frustrated bankruptcy judge said he has concerns over the process in which satirical news site The Onion won an auction for right-wing provocateur Alex Jones’ Infowars website.

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5 Types of Insurance for Retail Stores

Central Insurance

Learn about the essential types of insurance for retail stores and how to protect against risks like theft, liability, and property damage. The post 5 Types of Insurance for Retail Stores appeared first on Central Insurance Blog.

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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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What’s Behind New York Fires? Climate Change, Land Use and History

Insurance Journal

Wildfires that are raging across New York and New Jersey highlight a new threat to one of the world’s most affluent regions.

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Iowa Pizza Restaurant to Pay $99K Over Child Labor Law Violations

Insurance Journal

An Iowa pizza restaurant has agreed to pay $99,000 in fines after a Department of Labor investigation found the business assigned teenage employees to dangerous duties. Investigators found Pizza Parlor and owner Michelle Drougas illegally employed 11 children.

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Marketing Your Medicare Business

PSM Brokerage

Why Marketing Matters More Than Ever in Medicare Sales The Medicare market is booming. With approximately 10,000 people turning 65 every day , the demand for Medicare plans—and skilled agents to explain them—is at an all-time high. But with great opportunity comes stiff competition. Marketing your Medicare services is how you show clients you’re not just another agent; you’re their agent—the one who cares, listens, and solves their problems.

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Insurance Industry Labor Market Remains Stable: Report

Insurance Journal

A large majority of carriers intend to increase or maintain staff sizes in the next 12 months, according to Jacobson’s Q3 2024 Insurance Labor Market Study.

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5 High-Converting Scripts for Medicare Agents

PSM Brokerage

5 High-Converting Medicare Scripts for Insurance Agents Turn your conversations into conversions with these tested and compliant scripts! Selling Medicare plans can be like navigating a maze—you’re helping clients wade through options while making sure you stay on the compliant path. But let’s be real: the right words can make or break a sale. That’s where high-converting Medicare scripts come in!

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Skyward Specialty Launches Life Sciences Liability Coverage

Insurance Journal

Houston-baed Skyward Specialty Insurance Group announced the launch of its new life sciences liability coverage.

Liability 260
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Emma Werth Appointed Vice President of Underwriting and Reinsurance

Cowbell

We’re excited to announce that Emma Werth has been appointed Vice President of Underwriting and Reinsurance. Emma brings a wealth of experience to our team at a pivotal time for Cowbell as we continue to scale our offering and expand geographically. In her new role, Emma will report to Trent Cooksley, Chief Operating Officer, and will be responsible for product development and innovation, and standardizing processes across our global teams to ensure greater operational efficiencies.

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Crisis-Era Regulation Has ‘Gone Too Far,’ Reeves Tells Finance Sector

Insurance Journal

Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain’s “crown jewel” financial industry which she said has shackled the City’s global prospects since the global financial crisis and stifled UK economic growth.

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Commercial Insurance: Protect Your Business During Economic Uncertainty

Protect Commercial Insurance

Introduction In times of economic uncertainty, it’s essential for business owners to think ahead and safeguard their enterprises against potential pitfalls. Just like you wouldn’t set sail without a life jacket, navigating the choppy waters of a fluctuating economy calls for a solid safety net. This is where commercial insurance comes into play.

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Kentucky Factory Neighbors Cite Years of Odors Before Deadly Explosion

Insurance Journal

For years, neighbors who lived near a factory in Louisville, Kentucky, complained amongst themselves and to local officials about a variety of strange smells coming from the plant, which produces colorings for food and drinks.

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Adding a Second Car to Insurance: What to Know Before You Drive Off

TGS

TGS Insurance » Blog Adding a Second Car to Insurance: What to Know Before You Drive Off Whether your family is growing, or you’re just tired of sharing one set of wheels, adding a second car to your insurance policy can bring about both benefits and a few challenges. But where to start? Let’s dive into everything you need to know about the process of adding a second car to insurance—how it works, what it costs, and some tips to make sure you’re getting the best deal possible.

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Brazilian Court Clears Vale, BHP and Samarco of Criminal Charges in 2015 Dam Collapse

Insurance Journal

A Brazilian federal court ruled miners Vale, BHP Group and their joint venture Samarco are not criminally liable for the deadly 2015 Fundao tailings dam collapse, according to a statement from the court on Thursday.

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Marketing Materials for Insurance Agents

PSM Brokerage

How to Use Marketing Materials to Grow Your Insurance Business In the fast-paced world of insurance sales, marketing materials are essential tools that help you stand out in a competitive market. Whether you’re working to sell Medicare, ACA, or life insurance plans, having professional, compliant, and eye-catching materials is critical to building trust, showcasing your expertise, and driving growth.

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Driver Dies in Crash Off Hurricane-Damaged North Carolina Highway

Insurance Journal

A driver has died after going around a barricade and driving off the edge of a hurricane-damaged North Carolina highway that became a symbol of Hurricane Helene’s destruction.

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Marine round-up : 15th November 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 : 15th November 2024 appeared first on Insurance Marine News.

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North Carolina Man Charged With Falsifying Insurance Certificate

Insurance Journal

A North Carolina man gas been charged with obtaining property by false pretense and common law forgery, both felonies. North Carolina Insurance Commissioner Mike Causey announced the arrest of David Fitzgerald Bishop Jr., of Winston-Salem.

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Dali arrives in China for repairs

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Dali arrives in China for repairs appeared first on Insurance Marine News.

Marine 52
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Tropical Storm Sara Menaces Honduras With Catastrophic Floods

Insurance Journal

Tropical Storm Sara has formed off the coast of Honduras, threatening to unleash catastrophic flooding and landslides across Central America.

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Ferry evacuated after running aground in central Philippines

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ferry evacuated after running aground in central Philippines appeared first on Insurance Marine News.

Marine 52
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Swiss Re Execs Sleeping Well After $2.4 Billion Q3 Reserve Boost

Insurance Journal

While a $2.4 billion boost in loss reserves for the third-quarter will help Swiss Re’s executives sleep better on a bigger cushion, across the industry, worsening trends in U.S. liability loss costs aren’t letting up, they said yesterday.

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New Zealand Navy prepares defueling of the sunken Manawanui

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New Zealand Navy prepares defueling of the sunken Manawanui appeared first on Insurance Marine News.

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Building Bridges — A Guide to Strengthening Carrier Relationships For Agents

American Agents Alliance

Developing and maintaining strong, trusting carrier relationships is essential for an independent agent or broker. Collaborative partnerships with carriers improve service for policyholders, enhance an agency’s growth potential, and provide learning opportunities for agents. And when complex challenges, like helping policyholders mitigate and manage wildfire risk and earthquake exposures, affect capacity and coverage it is helpful to have strong carrier relationships.

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UK Govt says previous administration made error in environmental reviews for offshore leases

Insurance Marine News

The recently installed Labour administration in the UK has said that the previous Conservative administration had made an error in approving an offshore lease environmental impact assessment. Only hours after the beginning of hearings on a court challenge to Equinor’s Rosebank lease on the UK continental shelf, the UK government said that the previous ad.

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L&G to axe jobs in new asset management division

Elmore

Insurance company attempts to cut costs and boost returns after restructure The post L&G to axe jobs in new asset management division appeared first on Elmore Insurance Brokers.

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Automation dispute at ports in US remains unsettled

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Automation dispute at ports in US remains unsettled appeared first on Insurance Marine News.

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Blog Post: 4 Ways Litigation Analytics Can Improve Law Firm Business Development

LexisNexis

By Autumn Callan | Practice Area Specialist, Lex Machina Large law firms began adopting data analytics years ago as part of their evolution toward the construction of more professional marketing and business development organizations. These tools surface important insights by extracting information from internal data (e.g., billing, time tracking and client lifecycles) and industry data (e.g., news coverage about potential clients and competitors).

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Amazon and IKEA will invite bids from operators of e-fuel-powered carriers

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Amazon and IKEA will invite bids from operators of e-fuel-powered carriers appeared first on Insurance Marine News.

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The 5 W's of Travel Insurance

Travel Insurance Services

Whether you're new to travel insurance or just need a refresher, take a look at our "5 W's" of travel insurance, with particular focus on single trip plans including cancellation coverage.

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BIMCO launches Ship Recycling Alliance

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post BIMCO launches Ship Recycling Alliance appeared first on Insurance Marine News.

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