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 …
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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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.
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.
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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.
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.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
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.
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.
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.
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?
Your Journey With Jennie
AUGUST 21, 2024
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Insurance Journal
AUGUST 21, 2024
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.
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.
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.
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.
Insurance Journal
AUGUST 21, 2024
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+.
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.
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.
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.
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.
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.
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.
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.
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.
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 Group Clubs note WHO declaring Mpox a public health emergency appeared first on Insurance Marine News.
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.
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 Poland dismisses claim that it cooperated with Ukraine in Nord Stream bombing appeared first on Insurance Marine News.
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.
Insurance Marine News
AUGUST 21, 2024
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.
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.
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 Long Beach, Los Angeles Ports see new highs for import values appeared first on Insurance Marine News.
Insurance Journal
AUGUST 21, 2024
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 …
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 Albania investigating how it became “exporter” of alleged hazardous waste appeared first on Insurance Marine News.
Insurance Journal
AUGUST 21, 2024
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.
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