Wed.Oct 23, 2024

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The Data Behind Rising Homeowners Premiums: By Peril and By State

Insurance Journal

The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S.

Premium 321
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The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insurance Companies Over Policyholders — Are Florida’s Politicians in Bed with the Insurance Industry?

Property Insurance Coverage Law

While Jimmy Patronis and Governor DeSantis trumpet their latest emergency rule as consumer protection following the CBS 60 Minutes Expose noted in CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, the reality reveals a different story. Governor DeSantis’s response to the CBS 60 Minutes exposé on … The post The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insur

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Honda Recalling 780,000 Vehicles in North America on Fuel Pump Concern

Insurance Journal

Honda is recalling 780,000 vehicles in North America over concerns that a high-pressure fuel pump may crack and leak fuel.

Risk 306
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Tips for Establishing Trust with Elderly Customers in Final Expense Insurance Sales

Final Expense Brokerage

Oct 24, 2024 1:53:43 PM Contact Us Share: Gain valuable insights for building trust with senior clientele. Establishing a strong connection with older clients is essential for excelling in final expense insurance sales. Elderly individuals are often at a stage in life where they are navigating sensitive issues such as planning for the end of their lives and ensuring financial stability for their loved ones to avoid unexpected expenses.

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Streamline Insurance Claims Management By Analyzing Legal Trends

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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Ambani’s Jio in Talks With Allianz for Insurance JVs in India

Insurance Journal

Jio Financial Services Ltd.

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Cash-Flush Florida Tries to Buy Back Its Bonds for First Time

Insurance Journal

Florida bond investors are about to have an unusual decision to make — whether to sell their debt back to the state that issued the securities in the first place.

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UK says Russian strikes on Black Sea ports are delaying grain supplies to Palestinians, global south

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post UK says Russian strikes on Black Sea ports are delaying grain supplies to Palestinians, global south appeared first on Insurance Marine News.

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Helicopter Crashes Into Radio Tower Near Downtown Houston, Killing 4

Insurance Journal

HOUSTON (AP) — Four people aboard a helicopter were killed when it crashed into a radio tower in Houston and burst into flames, officials said. The helicopter went down just before 8 p.m.

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Mediation offer over Montreal port strike was rejected, says Canadian minister

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Mediation offer over Montreal port strike was rejected, says Canadian minister appeared first on Insurance Marine News.

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Australia Sues Insurer QBE Over Pricing Discounts, Shares Slip

Insurance Journal

Australia’s corporate regulator is taking QBE to court, alleging that the country’s biggest insurer by gross written premiums misled more than half a million customers about discounts on various products during a five-year period.

Premium 278
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Unlocking New Growth for Carriers, MGAs, and InsurTechs with Independent Agency Data

Neilson Marketing Services

The insurance distribution landscape is changing more quickly than ever before. Carriers, MGAs, wholesalers, and InsurTechs are all facing growing complexity. While new tech is reshaping how insurance is bought and sold, one of the biggest challenges remains unchanged—effective distribution. While focusing on the latest shiny objects of innovations is tempting, the real key to growth lies in finding the right distribution partners.

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E. Coli Outbreak Tied to McDonald’s Quarter Pounder Kills 1, Sickens Dozens

Insurance Journal

One person died and dozens fell ill from E. coli infections linked to McDonald’s Quarter Pounder hamburgers in 10 states, led by Colorado, where 26 people were sickened, the U.S. Centers for Disease Control said on Tuesday. The E.

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Crash on River Thames was result of “challenging” propulsion trials

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Crash on River Thames was result of “challenging” propulsion trials appeared first on Insurance Marine News.

Marine 101
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Thousands Hit by Floods as Trami Tracks Toward Philippines

Insurance Journal

Tropical Storm Trami has dumped heavy rain across the main island of the Philippines, triggering extensive flooding that’s affected around 150,000 people as the government shut most of its operations.

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Marine insurance premiums up by nearly 6% in 2023: IUMI stats report

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine insurance premiums up by nearly 6% in 2023: IUMI stats report appeared first on Insurance Marine News.

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BHP Says Claim it Put Profit Over Safety ‘Unjustified’ in Brazil Dam Collapse Case in UK

Insurance Journal

BHP said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil’s worst environmental disaster were “far-fetched and unjustified,” as the miner opened its defense to a mammoth lawsuit at London’s High Court.

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Panama Canal continues recovery from 2023 drought

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Panama Canal continues recovery from 2023 drought appeared first on Insurance Marine News.

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McDonald’s Is Racing to Contain Fallout From E. Coli Outbreak

Insurance Journal

McDonald’s Corp. is trying to contain the fallout from a severe E. coli outbreak that appears to be linked to the slivered onions in its popular Quarter Pounder sandwiches.

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A New Partnership Focuses on the Occupational Safety and Health Needs of Lone Workers

CDC: Workers Compensation

Working alone is common in many industries and may introduce safety and health risks for workers. In 2023, the Occupational Safety and Health Administration (OSHA) and the National Institute for Occupational Safety and Health (NIOSH) formed a partnership to improve safety and health for lone workers by developing and disseminating information about the risks of working alone and promising prevention strategies.

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AIG Plans to Consolidate Atlanta Ops Into Innovation Hub

Insurance Journal

American International Group, better known as the global insurance enterprise AIG, said it will consolidate its Atlanta-area operations into a huge new innovation hub in Brookhaven, on the north side of the city.

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Why Insurance Companies Won't Write Policies Before Named Storms

Wren Insurance Agency

Now that we are in the thick of the official hurricane season here in Florida, you may have noticed - if you recently tried to bind a new home insurance policy - that most carriers will stop writing up to a week or two prior to a named storm possibly impacting the state. The reason for this may be obvious - they don't want to take on additional risk of losses tied to hurricane damage - but the specific details vary by carrier.

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Florida’s Heritage Insurance Reports 5,400 Claims, $57M in Cat Losses From Milton

Insurance Journal

More loss and claims estimates are trickling in from carriers after Hurricane Milton caused widespread wind and flood damage in Florida this month.

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MLC Amendments – entry into force at end of year

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post MLC Amendments – entry into force at end of year appeared first on Insurance Marine News.

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Risk Strategies Adds Blaisdell Insurance to Benefits Practice in New England

Insurance Journal

National specialty insurance broker Risk Strategies reported it has acquired George W. Blaisdell Insurance, an employee benefits agency based in Hampton Falls, New Hampshire. The acquisition expands the Risk Strategies Employee Benefits Practice in its New England region.

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Price Cap Coalition issues new advisory; targets Russian shadow fleet

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Price Cap Coalition issues new advisory; targets Russian shadow fleet appeared first on Insurance Marine News.

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Markets/Coverages: MGA Rokstone Inks 3-Year Direct & Fac Property Deal With Aviva

Insurance Journal

Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has announced a three-year binding authority agreement with Aviva for its direct & facultative (D&F) property portfolio.

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Reducing air pollution from ships in California ports

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Reducing air pollution from ships in California ports appeared first on Insurance Marine News.

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CRC Group, Insurance Office of America Add New Faces in the Deep South

Insurance Journal

CRC Group, a wholesale specialty insurance distributor with offices in Birmingham, Alabama, has added three new faces to its Southern U.S. operations. Melissa Waters joined CRC’s Tampa office as an underwriting team leader.

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Marine round-up : 23rd October 2024

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 23rd October 2024 appeared first on Insurance Marine News.

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Penn State to Pay $1.25M to Resolve Claims of Cybersecurity Non-Compliance

Insurance Journal

The Pennsylvania State University has agreed to pay $1,250,000 to settle claims that it violated the False Claims Act by failing to comply with cybersecurity requirements in 15 contracts involving the Department of Defense (DoD) or National Aeronautics and Space …

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Unlocking Growth Innovating with Zywave’s Partner Platform

Zywave

Join us for an exclusive webinar to explore Zywave’s Partner Platform, where continuous innovation meets unparalleled partnership opportunities. Discover how our cutting-edge platform empowers brokers to drive growth, enhance productivity, and deliver exceptional value to you. In this session, you’ll learn about: – Latest Innovations: Get a first-hand look at our newest features and tools designed to streamline your operations and maximize efficiency. – Success Stories us

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New Rules Proposed to Block China, Russia, Iran From Accessing Bulk US Data

Insurance Journal

The U.S. Justice Department on Monday proposed new rules to protect federal government data or Americans’ bulk personal data from getting into the hands of countries like China, Iran and Russia by placing new limits on certain business transactions.

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Elevated Liver Enzymes Life Insurance (Here’s How You Get Approved!)

RiskQuoter

Elevated liver enzymes don't mean you can't get life insurance. We specialize in finding affordable coverage even with liver health concerns. The post Elevated Liver Enzymes Life Insurance (Here’s How You Get Approved!) appeared first on RiskQuoter.com.