Compounding Disasters in Lake Charles Highlight Need for Disaster Preparedness
Insurance Journal
AUGUST 21, 2024
Most Americans will remember 2020 as the year when the pandemic changed everything.
Wed.Aug 21, 2024
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Is Waiving Forfeiture Clauses Possible? Unlocking Possible Overlooked Arguments for Coverage
Property Insurance Coverage Law
AUGUST 21, 2024
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?
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Yacht Insurer OMAC Is Hull Carrier for Sunken Yacht in Sicily, Sources Say
Insurance Journal
AUGUST 21, 2024
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 …
Business Insurance for LLCs: What Policies Do You Need for Full Coverage?
Central Insurance
AUGUST 21, 2024
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.
Leverage Trellis Court Data To Identify More Investment Opportunities
Advertiser: Trellis
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
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Malawi Gets Insurance Payout of $11.2 Million for El Niño-Linked Drought Disaster
Insurance Journal
AUGUST 21, 2024
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.
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Titan Aerospace Acquires Plimsoll Specialty, Boosting Aviation Insurance Range
Insurance Journal
AUGUST 21, 2024
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.
5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected
AMAXX
AUGUST 21, 2024
In the complex world of workers’ compensation, setting accurate reserves is a critical task for adjusters. Reserves are the funds set aside by an insurer to cover the future costs of a claim, including medical expenses, lost wages, and other associated costs. However, even the most experienced adjuster can sometimes under-reserve a claim, leading to financial surprises later on. 5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected: 1.
Wall Street Regulator Approves Tougher Rules for Accounting ‘Negligence’
Insurance Journal
AUGUST 21, 2024
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.
Agency Revolution Welcomes Dan Goodwin as New VP of Enterprise Sales
Agency Revolution
AUGUST 21, 2024
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.
Take the Hassle Out of Claims Management
Advertiser: Trellis
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
Big Tech Wants AI to Be Regulated. Why Do They Oppose a California AI Bill?
Insurance Journal
AUGUST 21, 2024
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.
Maintain Your Momentum:Â Membership & Mastermind
Your Journey With Jennie
AUGUST 21, 2024
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.
RAND Study Eyes Impact of Legal System Abuse and Social Inflation
Insurance Journal
AUGUST 21, 2024
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?
Avoid Career Stagnation & Embrace Continuous Learning
Word & Brown
AUGUST 21, 2024
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.
Texans’ Bid to Stay Cool in Heat Lifts Power Use to New High
Insurance Journal
AUGUST 21, 2024
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.
Delta Tankers hit once again in the Red Sea
Insurance Marine News
AUGUST 21, 2024
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.
Jury Finds Parents of Texas Student Accused of 2018 Mass Shooting Not Negligent
Insurance Journal
AUGUST 21, 2024
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.
Ultra Galaxy breaks up further in rough weather north of Cape Town
Insurance Marine News
AUGUST 21, 2024
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.
Launched by Spinnaker, Mainsail Now to be Harbored by Emerald Bay Risk
Insurance Journal
AUGUST 21, 2024
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.
Maine awarded first licence for floating offshore wind research project
Insurance Marine News
AUGUST 21, 2024
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.
Florida Peninsula MGA Changes Name to Windward Risk Managers
Insurance Journal
AUGUST 21, 2024
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.
High speed resulted in vintage ferry hitting a dock in Toronto: CTSB
Insurance Marine News
AUGUST 21, 2024
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.
Storm Warnings in Place Across Europe, From Northern Greece to Poland
Insurance Journal
AUGUST 21, 2024
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.
Grounded oil barge finally refloated off Tobago
Insurance Marine News
AUGUST 21, 2024
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.
Swiss Re First-Half Profit Beats Estimates on Lower Catastrophe Claims
Insurance Journal
AUGUST 21, 2024
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.
Now some Russian oil is avoiding Red Sea
Insurance Marine News
AUGUST 21, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Now some Russian oil is avoiding Red Sea appeared first on Insurance Marine News.
Markets/Coverages: Rokstone and Accredited Announce Multi-Year Capacity Agreement
Insurance Journal
AUGUST 21, 2024
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.
Maersk continues to accept Canada cargo
Insurance Marine News
AUGUST 21, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Maersk continues to accept Canada cargo appeared first on Insurance Marine News.
WV Governor Scrambles to Halt Foreclosure of His Greenbrier Hotel
Insurance Journal
AUGUST 21, 2024
CHARLESTON, W.Va. (AP) — West Virginia Gov. Jim Justice, deep in the middle of a U.S.
Bodies recovered from sunken yacht Bayesian
Insurance Marine News
AUGUST 21, 2024
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.
Kroger Seeks to Block FTC Case Against Albertsons Acquisition
Insurance Journal
AUGUST 21, 2024
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.
Marine round-up : 21st August 2024
Insurance Marine News
AUGUST 21, 2024
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.
Virginia County Police Report Some Success Against High-End Theft Rings
Insurance Journal
AUGUST 21, 2024
It took seven people, 15 seconds and a fire extinguisher.
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