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.
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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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.
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
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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.
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.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
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
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 …
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?
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.
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.
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.
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.
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) …
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.
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.
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.
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.
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.
Insurance Journal
OCTOBER 7, 2024
Russia targeted a ship loaded with Ukrainian grain with a ballistic missile Monday — the second in two days — killing one person and injuring five, according to the Infrastructure Ministry in Kyiv.
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.
Insurance Journal
OCTOBER 7, 2024
British finance minister Rachel Reeves needs to strike a positive tone at her first budget on Oct. 30 in order to give businesses the confidence to invest, the Confederation of British Industry said on Tuesday.
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.
Insurance Journal
OCTOBER 7, 2024
The river port in the Amazon rainforest’s largest city of Manaus on Friday hit its lowest level since 1902, as a drought drains waterways and snarls transport of grain exports and essential supplies that are the region’s lifeline.
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.
Insurance Journal
OCTOBER 7, 2024
Australia is likely to see an above average number of severe tropical cyclones this season, according to the nation’s weather agency, which have the potential to damage crops and flood mining operations.
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 IMO to hold additional talks on GHG measures ahead of MEPC 83 appeared first on Insurance Marine News.
Insurance Journal
OCTOBER 7, 2024
Migraine drugs represent a small percentage of prescriptions dispensed to injured workers in California, but they make up a larger share of workers’ compensation drug payments, a new report shows.
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 Kaohsiung recovering from Typhoon Krathon appeared first on Insurance Marine News.
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.
TGS
OCTOBER 7, 2024
COLLEGE STATION, TX, October 7, 2024 – TGS Insurance Agency of Houston is among the top 100 companies from around the world selected for the 20th annual Aggie 100™ which honors the fastest-growing companies owned or led by former students of Texas A&M University. TGS Insurance Agency was recognized as number 56 with a compound annual growth rate of 53.80%.
Insurance Journal
OCTOBER 7, 2024
DONALDSONVILLE, La. (AP) — An employee at a fertilizer plant in Louisiana died after getting injured in an accident at the facility, officials said Friday. CF Industries said the incident happened at about 1:45 p.m.
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.
Insurance Journal
OCTOBER 7, 2024
The U.S. Supreme Court declined on Monday to hear former pharmaceutical company CEO Martin Shkreli’s challenge to a $64.6 million financial penalty imposed by a judge after he raised a lifesaving drug’s price by more than 4,000%.
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