Wed.Aug 21, 2024

article thumbnail

Yacht Insurer OMAC Is Hull Carrier for Sunken Yacht in Sicily, Sources Say

Insurance Journal

Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-meter-long (184-ft) sailboat, that was hit by a ferocious storm on Monday, sinking off the northern coast of Sicily, two sources with knowledge of the matter …

Insurance 290
article thumbnail

Is Waiving Forfeiture Clauses Possible? Unlocking Possible Overlooked Arguments for Coverage

Property Insurance Coverage Law

Sinjel, L.L.C. v. Ohio Casualty Insurance Company, 1 is a case decided last week involving vacancy clauses often found in property insurance policies, the impact of forfeiture clauses, and how those clauses can be waived. The case stands for the proposition that Mississippi law recognizes the doctrine of waiver regarding forfeiture clauses found in insurance … The post Is Waiving Forfeiture Clauses Possible?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Malawi Gets Insurance Payout of $11.2 Million for El Niño-Linked Drought Disaster

Insurance Journal

The Malawian government has received an insurance payout of $11.2 million for a crippling El Niño-linked drought that led the southern African nation to declare a state of disaster earlier this year.

Insurance 290
article thumbnail

Business Insurance for LLCs: What Policies Do You Need for Full Coverage?

Central Insurance

Learn why business insurance for LLCs is essential to protect your assets and operations. Explore key policies like general liability, property, and professional liability insurance, ensuring full coverage for your business. The post Business Insurance for LLCs: What Policies Do You Need for Full Coverage? appeared first on Central Insurance Blog.

article thumbnail

Titan Aerospace Acquires Plimsoll Specialty, Boosting Aviation Insurance Range

Insurance Journal

Atlanta-based Titan Aerospace Insurance, one of the larger aviation insurance brokers, has acquired Plimsoll Specialty Markets, a boutique aviation and aerospace brokerage house also based in Atlanta.

article thumbnail

Agency Revolution Welcomes Dan Goodwin as New VP of Enterprise Sales

Agency Revolution

This strategic hire completes Agency Revolution’s leadership team and underscores its commitment to providing top-tier digital marketing solutions for independent insurance agents. August 19, 2024 – Agency Revolution , the leading marketing and communication enablement and website provider for independent insurance agencies, is thrilled to announce the appointment of Dan Goodwin as the new Vice President of Enterprise Sales.

article thumbnail

Wall Street Regulator Approves Tougher Rules for Accounting ‘Negligence’

Insurance Journal

Wall Street’s top regulator on Tuesday voted 3-2 to bless new rules making it easier for an audit watchdog to hold people responsible for audit firms’ violations. Divided along party lines, the five-member U.S.

Liability 279

More Trending

article thumbnail

Big Tech Wants AI to Be Regulated. Why Do They Oppose a California AI Bill?

Insurance Journal

California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants have voiced broad opposition.

278
278
article thumbnail

Delta Tankers hit once again in the Red Sea

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Delta Tankers hit once again in the Red Sea appeared first on Insurance Marine News.

Marine 52
article thumbnail

RAND Study Eyes Impact of Legal System Abuse and Social Inflation

Insurance Journal

A study from RAND found that rising litigation rates, trial awards and claim severity are consistent with the expected effects of social inflation. The study, What Is the Evidence for Social Inflation?

article thumbnail

Bodies recovered from sunken yacht Bayesian

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Bodies recovered from sunken yacht Bayesian appeared first on Insurance Marine News.

Marine 52
article thumbnail

Boating Accident Claims Lives of 2 Men in Illinois Lake; Girl Survives

Insurance Journal

MARSEILLES, Ill. (AP) — Two Indiana men have died and a 7-year-old girl has been found safe after the boat they were fishing from was found capsized on an eastern Illinois lake.

Claim 264
article thumbnail

Agency Revolution Welcomes Dan Goodwin as New VP of Enterprise Sales

Agency Revolution

This strategic hire completes Agency Revolution’s leadership team and underscores its commitment to providing top-tier digital marketing solutions for independent insurance agents. August 19, 2024 – Agency Revolution , the leading marketing and communication enablement and website provider for independent insurance agencies, is thrilled to announce the appointment of Dan Goodwin as the new Vice President of Enterprise Sales.

article thumbnail

Jury Finds Parents of Texas Student Accused of 2018 Mass Shooting Not Negligent

Insurance Journal

The parents of a former student accused of killing 10 people at a high school near Houston in 2018 do not bear financial responsibility for the shooting, a jury decided Monday.

Liability 264
article thumbnail

Maintain Your Momentum: Membership & Mastermind

Your Journey With Jennie

Are you ready to take your real estate career to the next level? Join my Maintain Your Momentum: Membership & Mastermind group and unlock a world of opportunities. Here's what you can expect: Weekly Masterminds: Gain valuable insights from industry experts and connect with like-minded professionals. Personalized Coaching: Benefit from my two decades of experience with one-on-one coaching calls.

Agents 52
article thumbnail

Disney Drops Bid to Toss Allergy Suit Because Plaintiff Signed Disney+ Arbitration

Insurance Journal

NEW YORK (AP) — Disney is no longer asking a Florida court to dismiss a wrongful death lawsuit on the grounds that the victim’s family had signed up for its streaming service Disney+.

Claim 264
article thumbnail

Avoid Career Stagnation & Embrace Continuous Learning

Word & Brown

Every licensed insurance broker has a Continuing Education (CE) Credit requirement to maintain a resident license – and, in many cases, a non-resident license. In California, Life agents and Accident and Health or Sickness agents need to complete a minimum of 24 CE Credit hours, including three hours of Ethics CE training, during each two-year license term.

article thumbnail

Texans’ Bid to Stay Cool in Heat Lifts Power Use to New High

Insurance Journal

Texans set an unofficial record in electricity use Tuesday as soaring temperatures spurred homeowners, schools and businesses to crank up air conditioners. Power demand on the state grid rose to 85,559 megawatts at 6 p.m.

264
264
article thumbnail

Ultra Galaxy breaks up further in rough weather north of Cape Town

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ultra Galaxy breaks up further in rough weather north of Cape Town appeared first on Insurance Marine News.

Marine 52
article thumbnail

Launched by Spinnaker, Mainsail Now to be Harbored by Emerald Bay Risk

Insurance Journal

One year after it was approved for the Florida market, Mainsail Insurance Co. has been sold to Emerald Bay Risk Solutions, an underwriter and fronting carrier that was launched earlier this year.

Risk 264
article thumbnail

Maine awarded first licence for floating offshore wind research project

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Maine awarded first licence for floating offshore wind research project appeared first on Insurance Marine News.

Marine 52
article thumbnail

Florida Peninsula MGA Changes Name to Windward Risk Managers

Insurance Journal

Florida Peninsula Managers, the managing general agency for Florida Peninsula Insurance and Edison Insurance, has officially changed its name to Windward Risk Managers, the name of the company that has managed it for years.

Risk 264
article thumbnail

High speed resulted in vintage ferry hitting a dock in Toronto: CTSB

Insurance Marine News

Canada’s Transportation Safety Board (CTSB) has called for more thorough regulation and monitoring of passenger-vessel emergency preparedness after analyzing a ferry casualty in August 2022 that injured 20 people. The 1939-built passenger ferry Sam McBride (IMO 8348472) allided with its dock at a terminal in downtown Toronto, Ontario on August 20th.

Marine 52
article thumbnail

Storm Warnings in Place Across Europe, From Northern Greece to Poland

Insurance Journal

Thunderstorm alerts are in place for a swath of Europe from Poland and Hungary to Italy and Greece. There are orange warnings for northern Greece, as the summer heat gives way to violent storms and the risk of flooding.

Risk 264
article thumbnail

Grounded oil barge finally refloated off Tobago

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Grounded oil barge finally refloated off Tobago appeared first on Insurance Marine News.

Marine 52
article thumbnail

Swiss Re First-Half Profit Beats Estimates on Lower Catastrophe Claims

Insurance Journal

Swiss Re AG’s first-half net income beat estimates, as the re-insurer avoided higher claims from natural catastrophes that have impacted the broader insurance industry. Profit for the second quarter was $996 million, resulting in net income of $2.

Claim 263
article thumbnail

Marine round-up : 21st August 2024

Insurance Marine News

UK based marine claims consultant WK Webster has received reports of a fire aboard general cargo vessel Efes (IMO 9197686) on August 19th when it was in the Bay of Bengal, about 540nm east of Chennai, India. The Maritime Rescue Coordination Centre, Chennai, had called on vessels in the area to assist the Efes. The. The post Marine round-up : 21st August 2024 appeared first on Insurance Marine News.

Marine 52
article thumbnail

Markets/Coverages: Rokstone and Accredited Announce Multi-Year Capacity Agreement

Insurance Journal

Rokstone, the Aventum Group’s international re/insurance MGA, announced a multi-year, multi-strategy capacity agreement with Accredited Insurance Program Management, a leading global program manager. The partnership includes both US and international business.

Insured 263
article thumbnail

Group Clubs note WHO declaring Mpox a public health emergency

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Group Clubs note WHO declaring Mpox a public health emergency appeared first on Insurance Marine News.

Marine 52
article thumbnail

Kroger Seeks to Block FTC Case Against Albertsons Acquisition

Insurance Journal

Kroger Co. is seeking to block the Federal Trade Commission’s in-house case against its proposed purchase of rival grocer Albertsons Cos., claiming the proceeding is unconstitutional.

Claim 263
article thumbnail

Poland dismisses claim that it cooperated with Ukraine in Nord Stream bombing

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Poland dismisses claim that it cooperated with Ukraine in Nord Stream bombing appeared first on Insurance Marine News.

Claim 52
article thumbnail

Family of Man Fatally Shot Sues West Hartford Police, Seeks Federal Probe

Insurance Journal

The family of a man fatally shot by a Connecticut police officer as he tried to flee in a stolen car while being attacked by a police dog has filed a wrongful death lawsuit and called Wednesday for a federal …

Liability 262
article thumbnail

Turkiye to begin offshore oil exploration off Somalia

Insurance Marine News

Turkiye is to send research vessel Oruc Reis (IMO 9675470) to explore offshore oil blocks belonging to Somalia next month, reports Bloomberg, stating that Turkiye was seeking to extend its influence in Africa and strengthen energy security. The move, confirmed by Mohamed Hashi, director of Somalia’s petroleum ministry, could help diversify Turkiye’s crude supply and.

Marine 52
article thumbnail

Musk’s Ban on Remote Work at X Beats Disability Bias Claim for Now

Insurance Journal

A federal judge in California on Wednesday dismissed a lawsuit accusing social media platform X of forcing out workers with disabilities after Elon Musk took over the company and barred employees from working remotely. U.S.

Claim 254
article thumbnail

Long Beach, Los Angeles Ports see new highs for import values

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Long Beach, Los Angeles Ports see new highs for import values appeared first on Insurance Marine News.

Marine 52
article thumbnail

Lynch, Bloomer, Others Feared Dead as Divers Search Sunken Yacht Off Coast of Sicily

Insurance Journal

Italian divers on Wednesday prepared for a third day of search and rescue efforts around a sunken yacht off Sicily, where British tech entrepreneur Mike Lynch, Morgan Stanley International chairman Jonathan Bloomer and four others were feared to have died …

Insured 249
article thumbnail

Albania investigating how it became “exporter” of alleged hazardous waste

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Albania investigating how it became “exporter” of alleged hazardous waste appeared first on Insurance Marine News.

Marine 52