Mon.Jan 06, 2025

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Did Florida Appeals Court Put the Final Nail in the AOB Coffin? Maybe

Insurance Journal

Almost five years after Florida lawmakers clamped restrictions on assignment-of-benefits agreements and two years after they effectively outlawed AOBs altogether, state appeals courts may have finally put an end to one creative way that been used in attempts to get …

Claim 299
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Policyholders and Public Adjusters Often Need to Hire Their Own Experts—Part Two

Property Insurance Coverage Law

In yesterdays post, Policyholders and Public Adjusters Often Need to Hire Their Own Experts, the court found that the insurance policy did not provide coverage for the claimed damages for two primary reasons.1 First, the plaintiffs failed to demonstrate that the damage to their home occurred during the policy period or was caused by a … The post Policyholders and Public Adjusters Often Need to Hire Their Own ExpertsPart Two appeared first on Property Insurance Coverage Law Blog.

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McDonald’s Retires Some Diversity Goals in Latest Corporate Retreat

Insurance Journal

McDonald’s Corp. is revamping its approach to diversity, equity and inclusion, becoming the latest large company to change its strategy as the once-ubiquitous goals come under pressure from conservative advocates.

Policy 278
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1/2/25 is the Best Day to FEEL the Value of Return to Work

AMAXX

Click Link to Access Free PDF Download “13 Research Studies to Prove Value of Return-to-Work Program & Gain Stakeholder Buy-In” The only way to truly understand it is to feel it. Hello, my name is Michael Stack and I’m the c e O of amax and happy New year to you. It’s January 3rd, 2023. Brand new start to a fresh and shiny year.

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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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Severe Winter Storm Batters Nation’s Capital and Metro Region

Insurance Journal

The nation’s capital and surrounding areas are experiencing he effects of a severe winter storm as part of a storm that has moved from parts of the Ohio Valley through to the Mid-Atlantic.

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US Chamber, Oil Firms Sue Vermont for Making Companies Pay for Climate Damage

Insurance Journal

The U.S. Chamber of Commerce and a top oil and gas industry trade group are suing Vermont over its new law requiring that fossil fuel companies pay a share of the damage caused over several decades by climate change.

Damage 264
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Seacon agrees sale and leaseback for bulker newbuild

Splash: Finance and Insurance

Chinas Seacon Shipping has secured financing for one of its handysize bulk carriers under construction in Japan. The Hong Kong-listed company said in a filing it had agreed to a $31.38m sale and leaseback deal for a 40,000 dwt bulker with Panama-incorporated Dawn Shipping and its Japan-based parent, whose ultimate beneficial owner is Kohei Kondo.

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Fire in Dallas Shopping Center Kills Hundreds of Animals

Insurance Journal

DALLAS (AP) A fire that broke out at a shopping center in Dallas on Friday morning killed more than 500 animals, most of which were small birds, authorities said.

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Unrest in Mozambique impacts maritime operations at Mozambique’s ports

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Unrest in Mozambique impacts maritime operations at Mozambiques ports appeared first on Insurance Marine News.

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One in Four UK Firms Cut Jobs After Reeves Budget, PMI Shows

Insurance Journal

Almost one in four British businesses cut jobs in December amid widespread pessimism over the squeeze on their finances from Labour’s tax-raising budget.

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Customs fines in Argentina Customs fines in Argentina

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Customs fines in Argentina Customs fines in Argentina appeared first on Insurance Marine News.

Marine 52
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Taiwan Says Chinese Ship Broke Subsea Cable in Alleged Sabotage

Insurance Journal

Taiwan suspects a Chinese-owned cargo vessel damaged an undersea cable near its northeastern coast Friday, in an alleged act of sabotage that highlights the vulnerabilities of Taipei’s offshore communications infrastructure.

Damage 261
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North/Northeast Brazil maritime drug trafficking

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post North/Northeast Brazil maritime drug trafficking appeared first on Insurance Marine News.

Marine 52
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US Steel, Nippon Sue Biden Administration Over Decision to Block Merger

Insurance Journal

U.S. President Joe Biden violated the Constitution by blocking Nippon Steel’s $14.9 billion bid for U.S. Steel through a sham national security review, the companies alleged in a lawsuit they said was filed on Monday.

Risk 259
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Work progressing on 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 Work progressing on the sunken Manawanui appeared first on Insurance Marine News.

Marine 52
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New NC Governor Issues Orders to Speed Housing Work After Helene

Insurance Journal

ASHEVILLE, N.C. (AP) New North Carolina Gov. Josh Stein took several actions on Thursday to help the short- and long-term recovery from Hurricane Helene, with an immediate focus on more temporary housing and repairs to private bridges and roads.

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Egypt completes trial run of new Suez Canal channel extension

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Egypt completes trial run of new Suez Canal channel extension appeared first on Insurance Marine News.

Marine 52
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Arthur J. Gallagher & Co. Acquires Canadian Broker Encore Group

Insurance Journal

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based insurance brokerage, announced the acquisition of Waterloo, Ontario-based Encore Insurance Services Inc., dba Encore Group. Terms of the transaction were not disclosed.

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State of emergency declared in Crimea after recent oil spills

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post State of emergency declared in Crimea after recent oil spills appeared first on Insurance Marine News.

Marine 52
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Clyde & Co Expands Texas Presence With Tillman Batcher Merger

Insurance Journal

Law firm Clyde & Co announced its merger with Dallas law firm Tillman Batchelor LLP. Mark Tillman and Colin Batchelor have joined Clyde & Co’s Dallas office as partners and will be joined by their team of six people.

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Fire on Ro-Ro in Denmark results in one death

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Fire on Ro-Ro in Denmark results in one death appeared first on Insurance Marine News.

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Relation Acquires Illinois’ Forest

Insurance Journal

Relation Insurance Services acquired the assets of Forest Insurance Agency. The transaction went into effect on December 1, 2024; terms of the transaction were not disclosed. Specializing in personal and business insurance, Forest is based in Forest Park, Illinois.

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Bulk carrier adrift after engine room fire

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Bulk carrier adrift after engine room fire appeared first on Insurance Marine News.

Marine 52
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California Winds Drive Severe Fire Danger in Rain-Starved LA

Insurance Journal

Exceptionally powerful, dry winds expected across Southern California this week are set to send wildfire risk skyrocketing in a region that’s endured more than eight months without significant rain.

Risk 252
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CMA CGM delays US East Coast container surcharge

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post CMA CGM delays US East Coast container surcharge appeared first on Insurance Marine News.

Marine 52
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The Institutes, Kevelighan Fire Back at Retaliation Claims by Former Triple-I Employee

Insurance Journal

The Institutes and Sean Kevelighan, chief executive of the Insurance Information Institute, deny the allegations of discrimination and retaliation from former employee Michael Barry. According to a filing in U.S.

Claim 252
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North Carolina New Minimum Auto Insurance Requirements 2025

TGS

TGS Insurance Blog Understanding the New North Carolina Minimum Auto Insurance Requirements Effective January 1, 2025 Starting January 1, 2025, North Carolina will implement new minimum auto insurance requirements, marking a significant update to the state’s financial responsibility laws. These changes are designed to provide better financial protection for drivers, passengers, and others involved in auto accidents.

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New York Employers Must Offer Paid Medical Leave During Pregnancy

Insurance Journal

Pregnant New Yorkers will be entitled to at least 20 hours of paid leave to attend prenatal medical appointments under a law that took effect Wednesday. Gov.

Policy 249
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Why Lightspeed Solutions is the Best MSP & Cybersecurity Partner for Insurance Agencies

Agency Intelligence

In an industry as data-driven and customer-focused as insurance, maintaining a secure, reliable, and efficient IT environment is essential. The right managed service provider (MSP) doesnt just keep your systems runningthey offer proactive protection, seamless integration, and knowledgeable support tailored specifically to your industry.

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CFPB Sues Walmart, Scheduling Platform for Alleged Illegal Pay Practices for Gig Drivers

Insurance Journal

The Consumer Financial Protection Bureau has sued Walmart and work scheduling platform Branch Messenger for allegedly forcing delivery drivers that are part of the discounter’s gig program to use costly deposit accounts to get paid and mispresented how they could …

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Blog Post: New Year, New Venture

LexisNexis

Joint ventures are commonly formed between two or more entities for purchasing, developing, and managing real property. Parties to the joint venture usually enter into a written agreement allocating and sharing the associated responsibilities, liabilities, expenses, and profits. A well-negotiated joint venture agreement also contemplates the eventual sale of the project and related exit strategies.

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Global Property Catastrophe Rates-on-Line Down 6.6% During Renewals: Guy Carpenter

Insurance Journal

Guy Carpenter reports that average global and regional property catastrophe rates-on-line decreased during the January 2025 renewals in amounts ranging from 5.3% to 7.2%.

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Blog Post: Does Jevic Stop Payments to Unsecured Creditors in a Settlement?

LexisNexis

In Jevic , the Supreme Court held that the Bankruptcy Code does not allow bankruptcy courts to approve distributions to creditors in a structured dismissal of a Chapter 11 case that violates the Bankruptcy Code's ordinary priority rules without the consent of creditors. Check out this expertly drafted article discussing a Second Circuit decision addressing whether, under Jevic , a settlement can be approved that distributes value to unsecured creditors without first paying disputed secured c

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