Fourth Storm in 14 Months Takes Aim at West Florida. Citizens Most Exposed
Insurance Journal
OCTOBER 7, 2024
Another day, another hurricane.
Mon.Oct 07, 2024
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LMI Claims are hiring
Prof. Allan Manning
OCTOBER 7, 2024
LMI continues to grow in claims work and as a result both LMI Group and Aequum Adjusters are looking to hire loss adjusters and or claims preparers in virtually every state and territory in Australia and New Zealand. The positions range from trainee, to highly experienced. If you are interested or know of someone who may be, please send in a CV on my email address: Allan.Manning@LMIGroup.com.
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People Moves: Coalition Appoints AIG’s Simonsen as European Head of Insurance
Insurance Journal
OCTOBER 7, 2024
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, has appointed Tine Simonsen as the company’s head of Insurance for Continental Europe.
Hurricane Helene National Flood Insurance Proofs of Loss Deadline Extended for 120 Days From 60 Days
Property Insurance Coverage Law
OCTOBER 7, 2024
While better than nothing, the deadline to file federal flood proofs of loss has been extended to 120 days from the flooding of Hurricane Helene. It should have been for a year, as was common following catastrophic hurricanes. Here is the language granting the extension: To allow enough time for policyholders to evaluate their losses, … The post Hurricane Helene National Flood Insurance Proofs of Loss Deadline Extended for 120 Days From 60 Days appeared first on Property Insurance Coverage
Streamline Insurance Claims Management By Analyzing Legal Trends
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
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Auto Insurers Face Rising Repair Costs, EV and Tech Complexity in 2025: Report
Insurance Journal
OCTOBER 7, 2024
Amid inflation and labor shortages, the growing impact of electric vehicles (EVs) and rising repair costs, insurers and repairers will have a bumpy road to navigate in the year ahead, according to CCC Intelligent Solutions Inc.
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US Supreme Court Rebuffs Uber, Lyft Bid to Avoid California Driver Suits
Insurance Journal
OCTOBER 7, 2024
The U.S.
Thoughts About Property Insurance at the FAPIA Fall Conference
Property Insurance Coverage Law
OCTOBER 7, 2024
It is never a good sign when the Weather Channel’s Jim Cantore is in your hometown, and a hurricane is on the way. Cantore is in Tampa. Hurricane Milton is on the way to Tampa or somewhere close by. I am in Miami at the Florida Association of Public Insurance Adjusters (FAPIA) Fall conference and … The post Thoughts About Property Insurance at the FAPIA Fall Conference appeared first on Property Insurance Coverage Law Blog.
Update on Helene Loss Estimates: CoreLogic Sees $10.5B-$17.5B Insured Loss
Insurance Journal
OCTOBER 7, 2024
Total insured loss from Hurricane Helene is now estimated at between $10.5 billion and $17.5 billion—a figure that continues to grow as more damages are assessed, pushing catastrophe modelers to continually revise estimates upward.
Hong Kong Chamber of Shipping established
Splash: Finance and Insurance
OCTOBER 7, 2024
The Hong Kong Chamber of Shipping was launched yesterday as a body designed to boost the city’s credentials as an international maritime centre. CY Leung, former head of the territory, is one of the chamber’s co-founders, with Hing Chao, the head of Wah Kwong Maritime Transport, serving as its chairman.
Nation’s Flood Insurance Program Is Making More Repeat Payouts
Insurance Journal
OCTOBER 7, 2024
When Hurricane Helene barreled ashore last week, it caused devastating flooding across the southeastern U.S., including in the Shore Acres area of St. Petersburg, Florida. The neighborhood saw 6 feet of storm surge, which flooded roads and homes.
Letter of Representation for National Flood Insurance Claims
Property Insurance Coverage Law
OCTOBER 7, 2024
During my flood speech this morning at the Florida Association of Public Insurance Adjusters (FAPIA) Conference, a discussion about letters of representation was raised. FAPIA Vice President Frank Altieri noted that federal law applied and that the Florida regulations regarding providing a contract to the insurer do not apply. Instead, federal flood adjusters require a … The post Letter of Representation for National Flood Insurance Claims appeared first on Property Insurance Coverage Law
Court Orders Start to Expose ‘Startling’ Data on Litigation Funding Sources
Insurance Journal
OCTOBER 7, 2024
There is no federal law that requires the disclosure of litigation funding agreements in court cases, but some disturbing insight has been found in individual jurisdictions that have rules to increase transparency, according a panel on the topic at the …
Workers’ Comp Claims Audit: Initial Action Plan Checklist
AMAXX
OCTOBER 7, 2024
Claims audits and reviews are one of the most commonly used tactics by companies to control workers’ compensation costs. In fact, according to the RIMS 2009 Annual Benchmark Survey, 90% of companies had conducted a claim audit or review of at least some of their claims within the previous six months. These audits ensure that each claim is handled efficiently and in compliance with state regulations while also identifying areas for cost containment.
Baltimore Unveils Details of $45M Opioid Litigation Settlement With Walgreens
Insurance Journal
OCTOBER 7, 2024
Baltimore Mayor Brandon M. Scott has unveiled the terms of the settlement reached last month with Walgreens to resolve the city’s claims against the company for its role in fueling the opioid epidemic in Baltimore.
How Much Is Renters Insurance?
Property Insurance Coverage Law
OCTOBER 7, 2024
Insuring where you live isn’t just important for homeowners: It’s a key part of protecting your home and financial stability for renters as well. Yet when it comes to the cost, there are several factors that influence the exact cost of renters insurance, including: The location of your residence Whether you rent a house, condo, … The post How Much Is Renters Insurance?
Report Says Growth of Private Flood Insurance Has Stagnated But Others Disagree
Insurance Journal
OCTOBER 7, 2024
The head of one of the largest private flood insurance writers this week questioned an A.M. Best report that said private flood companies are failing to make significant inroads in America’s troubled flood market.
Homeowners Insurance: Do You Need It?
Property Insurance Coverage Law
OCTOBER 7, 2024
We’ve all heard of homeowners insurance — but what exactly is it? Homeowners insurance provides financial protection for your home and its contents. Homeowners insurance typically covers natural disasters, theft, vandalism, and liability — but specific policies vary in terms of coverage. If you have a mortgage, you definitely need homeowners insurance.
AM Best Downgrades Credit Rating of Shelter Mutual
Insurance Journal
OCTOBER 7, 2024
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Shelter Mutual Insurance Company (Shelter Mutual) (Columbia, MO) and its property/casualty (P/C) …
The Importance of Regular Policy Reviews for Life Insurance
Boyle Agency Insurance
OCTOBER 7, 2024
Life insurance is a crucial financial tool that provides protection for you and your loved ones. However, as life unfolds, your insurance needs may change due to significant life events. Regular policy reviews are vital to ensure your life insurance coverage remains relevant and adequate throughout life’s various milestones. Life Event: Marriage Marriage marks a significant life event where you share financial responsibilities with your spouse.
Inside the Caroline Mountain Town that Helene Nearly Wiped Off the Map
Insurance Journal
OCTOBER 7, 2024
CHIMNEY ROCK VILLAGE, N.C.
Primary Care and the Working Patient — Occupational Health Principles in Practice
CDC: Workers Compensation
OCTOBER 7, 2024
What someone does for work, and where and when they do it, can have broad health impacts. This includes direct effects from physical job exposures and hazards. Many aspects of work also affect health in other ways such as through sleep and eating patterns, social connectedness, mental health stressors, and access to benefits like health insurance and paid sick leave.1,2 These are called social determinants of health – non-medical factors that affect health outcomes.3 Why Does a Patient’s Job Mat
Utilities’ Extreme Plan to Stop Wildfires: Shut Off the Power
Insurance Journal
OCTOBER 7, 2024
A growing number of utilities are resorting to an extreme measure to prevent their equipment from sparking catastrophic wildfires: turning off the power.
Marine round-up : 8th October 2024
Insurance Marine News
OCTOBER 7, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 8th October 2024 appeared first on Insurance Marine News.
California Vineyard Owner Fined $120K for Giving Free Housing to Employee Files Suit
Insurance Journal
OCTOBER 7, 2024
A California vineyard owner is suing Santa Clara County after officials fined him for allowing his longtime employee to live in an RV on his property for years.
The EU ETS and the maritime industry
Insurance Marine News
OCTOBER 7, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post The EU ETS and the maritime industry appeared first on Insurance Marine News.
Hurricane Kirk’s Remnants Forecast to Hit Europe Later This Week
Insurance Journal
OCTOBER 7, 2024
The remnants of Hurricane Kirk are forecast to hit northwest France on Wednesday, bringing heavy rain and gale-force winds. Hurricane Kirk peaked at Category 4 storm over the Atlantic last week, but is weakening as it heads toward Europe.
Collision between trawlers caused by wheelhouse being left unattended
Insurance Marine News
OCTOBER 7, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Collision between trawlers caused by wheelhouse being left unattended appeared first on Insurance Marine News.
Karen Read Seeks Delay in Wrongful Death Civil Lawsuit Until Murder Trial Is Done
Insurance Journal
OCTOBER 7, 2024
Karen Read is seeking to delay a wrongful death lawsuit filed by the family of her Boston police officer boyfriend until her criminal trial in connection with his death is done.
Conditions of Use (COUs): the charterers’ perspective
Insurance Marine News
OCTOBER 7, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Conditions of Use (COUs): the charterers’ perspective appeared first on Insurance Marine News.
Supreme Court to Hear Challenge to Mexico’s Suit Against American Gun Companies
Insurance Journal
OCTOBER 7, 2024
The U.S. Supreme Court agreed on Friday to hear a bid by U.S. gun maker Smith & Wesson SWBI.
Iranian oil tankers disperse from major terminal
Insurance Marine News
OCTOBER 7, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Iranian oil tankers disperse from major terminal appeared first on Insurance Marine News.
NFL Says Preseason Saw Fewest Concussions Since Tracking Started
Insurance Journal
OCTOBER 7, 2024
The NFL saw its fewest number of concussions in the preseason since tracking started in 2015. There were 44 concussions in practices and games, a decrease of about 24% from last year.
Northern Sea Route transits set to break record in 2024
Insurance Marine News
OCTOBER 7, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Northern Sea Route transits set to break record in 2024 appeared first on Insurance Marine News.
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