Thu.Mar 20, 2025

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Med-Mal Insurer ProAssurance to Go Private After $1.3B Purchase by The Doctors Co.

Insurance Journal

The Doctors Company, the Napa, California-based, physician-owned medical malpractice insurer, announced it has entered an agreement to acquire ProAssurance Corp. for $1.3 billion, taking the company private. Under the terms of the agreement, ProAssurance stockholders will receive $25.

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California FAIR Plan: Ignoring Laws and Gouging Californians on Smoke Damage Claims

Property Insurance Coverage Law

Imagine a state-run insurance program so brazen that even when explicitly ordered by the Department of Insurance to remove unlawful policy language, it shrugs and continues business as usual. Welcome to the California FAIR Plan, an entity overseen by executives from California’s major admitted insurance carrierscarriers who evidently believe rules are for other people.

Damage 178
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AI Is Turbocharging Organized Crime, EU Police Agency Warns

Insurance Journal

The European Union’s law enforcement agency cautioned Tuesday that artificial intelligence is turbocharging organized crime that is eroding the foundations of societies across the 27-nation bloc as it becomes intertwined with state-sponsored destabilization campaigns.

Crime 154
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Lack of Insurable Interest Precludes Recovery for Property Damage

The Property Insurance Law Observer

In Ram Krishana Inc. d/b/a Motel 6 Sulphur v. Mt. Hawley Insurance Co. (2025 WL 371016) (S.D.N.Y. 2025)), the United States District Court for the Southern District of New York determined that the plaintiff lacked an insurable interest in property it insured because it did not own or possess the property or suffer economic loss due to the propertys destruction.

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Leverage Trellis Court Data To Identify More Investment Opportunities

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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Washington Dairy Worker Charged in $122K Workers’ Comp Scam

Insurance Journal

A Washington farmhand faces felony charges for reportedly stealing more than $122,000 workers’ compensation benefits. Efrain Alatorre Camarena was charged with felony theft for allegedly collecting workers comp payments while discreetly working at another dairy farm.

More Trending

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Transportation Firm Faces Fines, Remediation Costs for Connecticut Oil Tanker Spill

Insurance Journal

Soundview Transportation faces a series of penalties and payments totaling $350,000 over a November 2022 oil tanker accident in Norfolk, Connnecticut, announced state Attorney General William Tong.

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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

From devastating floods to slip-and-fall lawsuits, insuring apartment buildings is no simple task. And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options. In this guide, we break down the key coverages every apartment building owner needs, highlight common claims, and show you how to offer tailored solutions that keep your clients protected in an ev

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Allianz, Jio Financial Said to Reach Initial Deal for India Joint Venture

Insurance Journal

Billionaire Mukesh Ambani’s Jio Financial Services Ltd., has reached a preliminary agreement with Allianz SE to form an insurance business in India, according to people familiar with the matter.

Insurer 136
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Agent Success Secrets: How Gretchen Kingma Built a Thriving Real Estate Business

Your Journey With Jennie

Gretchen Kingma is proof that when you focus on relationships, serve with authenticity, and lean into your unique strengths, success follows! A former occupational therapist turned real estate rockstar in Saint Louis, MO, Gretchen built her business not by chasing leads—but by becoming the trusted expert people naturally turn to when buying or selling a home.

Agents 52
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Take the Hassle Out of Claims Management

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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London’s IUA Names Jones as Chief Executive, Succeeding Matcham

Insurance Journal

The International Underwriting Association (IUA), the group representing London companies that provide international and wholesale re/insurance, has named Chris Jones as chief executive, succeeding Dave Matcham.

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Blog Post: How LexisNexis CounselLink+ Reimagines The Redline

LexisNexis

This article first appeared on Above the Law on February 5, 2025. Contracts are now integrated into an end-to-end system, and efficiencies abound. With its recent launch of CounselLink+, LexisNexis has provided a highly comprehensive tool to streamline your law departments entire workflow. The + in CounselLink+ refers to integration users of the system now have access to all of their organizations customizable tech stack, as well as all of the additional LexisNexis products they subscribe to, w

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Florida House Panel Approves ‘Two-Way’ Attorney Fees, Aims at 2022 Reforms

Insurance Journal

Three bills that would chip away at or substantially reverse 2022 reforms on attorney fees and medical damages passed Florida House subcommittees by wide margins on Thursday.

Damage 264
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WILDFIRE DEDUCTIBLES

Rough Notes

What role can they play in property insurance? Separate wildfire deductibles could be critical in securing coverage for a peril that is location-specific yet popping up all across the continent. By Joseph S. Harrington, CPCU If they work for windstorms, can they work for wildfires?

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Tesla Recalls Most Cybertrucks Due to Trim Detaching From Vehicle

Insurance Journal

Tesla is recalling nearly all Cybertrucks in the United States to fix an exterior panel that could detach while driving, the company said on Thursday, the latest in a series of call-backs for the pickup truck.

Liability 258
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Zywave 2024 Stewardship Report Highlights Accelerating Insurtech with Innovation & Insights

Zywave

Leading insurtech provider, Zywave , today released its 2024 Stewardship Report detailing how the company is helping to boost customer growth through the continued enhancement of its digital products and services. Highlights from 2024 include: Completed 460+ product releases to improve product performance, enhance user experience, and maximize customer ROI Across all lines of business, Zywaves rating, quoting and connectivity solutions saw significant growth with total quote volume increasing by

Cyber 52
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CoreLogic: Approximately 170K Properties Potentially Impacted by Severe Storms

Insurance Journal

Approximately 170,000 properties were potentially impacted by the severe outbreak across the Midwest and Mississippi Valley, in addition to wildfires and dust storms across the Southern Plains, CoreLogic said.

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Golar bags $1.2bn FLNG vessel refinancing

Splash: Finance and Insurance

Tor Olav Trim-backed floating liquefied natural gas (FLNG) specialist Golar LNG has struck a deal with a consortium of Chinese lessors which will see the refinancing of the existing debt on the FLNG Gimi vessel. The agreement, structured as a sale and leaseback is worth about $1.

Insurer 76
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RiverStone in Loss Portfolio Transfer Deal With Lyft Subsidiary

Insurance Journal

RiverStone International has signed an agreement with Lyft subsidiary Pacific Valley Insurance Co. to provide a loss portfolio transfer reinsurance for a commercial auto liability portfolio. The deal is effective from Jan. 1, 2025.

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Insurance Marine News – Friday March 21st 2025

Insurance Marine News

The post Insurance Marine News Friday March 21st 2025 appeared first on Insurance Marine News.

Marine 52
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CSB Releases Update Into Fatal Texas Hydrogen Sulfide Release

Insurance Journal

The U.S. Chemical Safety and Hazard Investigation Board (CSB) released a second update on its ongoing investigation into the fatal hydrogen sulfide release that occurred on October 10, 2024, at the PEMEX Deer Park Refinery in Deer Park, Texas.

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LNG tanker and bulk carrier collide in Bay of Gibraltar

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post LNG tanker and bulk carrier collide in Bay of Gibraltar appeared first on Insurance Marine News.

Marine 52
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People: BenefitMall Names Scheib Sales Exec, SCDOI Adds Conley as Captive Analyst

Insurance Journal

BenefitMall, a CRC Group company and employee benefits specialist, has named Jim Scheib sales executive for north Florida, expanding the mall’s commitment to the region, the company said. Scheib has 35 years of experience in employee and group insurance.

Insurer 213
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Lead Generation SEO: Attract More Qualified Prospects

Tosten Marketing

Lead Generation SEO is a game-changer for businesses looking to attract qualified prospects. In today’s competitive digital landscape, it’s not enough to simply have a website; you need to optimize it for lead generation. At Tosten Marketing, we’ve seen firsthand how effective SEO strategies can transform a company’s online presence and drive high-quality leads.

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Delaware Corporate Law Reform Heads to Final Vote Amid Criticism It Favors Billionaires

Insurance Journal

Delaware lawmakers are expected to vote as soon as next week to overhaul the state’s corporate law to protect its business-friendly reputation, but opponents have called the bill a giveaway to billionaires.

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Coal carrier from North Korea reported sunk in collision with Chinese ship

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Coal carrier from North Korea reported sunk in collision with Chinese ship appeared first on Insurance Marine News.

Marine 52
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Greenpeace to Pay $660 Million in Damages to Texas Oil Firm

Insurance Journal

Greenpeace has been ordered to pay more than $660 million in damages to Energy Transfer Partners LP after the Texas-based oil company accused the environmental group of defamation in connection with protests against an oil pipeline almost a decade ago.

Damage 192
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IOPC Funds urges rapid probe for oil spills from unsafe ships

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post IOPC Funds urges rapid probe for oil spills from unsafe ships appeared first on Insurance Marine News.

Marine 52
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Young Insurance Agents – Share Your Thoughts About the Industry Today

Insurance Journal

Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is once again looking for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey.

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Multiple vessels fouled at Keelung, Taiwan during bunkering spill

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Multiple vessels fouled at Keelung, Taiwan during bunkering spill appeared first on Insurance Marine News.

Marine 52
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Hyundai, Kia’s Anti-Theft Measures Fuel Steep Dip in US Vehicle Thefts

Insurance Journal

Vehicle thefts in the United States recorded their biggest yearly drop in four decades as automakers, mainly Hyundai and Kia, bolstered anti-theft measures, while easing supply chain constraints made stealing vehicles for parts less lucrative.

Theft 179
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Tokio Marine HCC International appoints Rebecca Eagles as Senior Underwriter – Marine Cargo

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Tokio Marine HCC International appoints Rebecca Eagles as Senior Underwriter Marine Cargo appeared first on Insurance Marine News.

Marine 52
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Third Time’s No Charm as Insurance Agent Is Charged Again

Insurance Journal

A grand jury for Baltimore County has handed down an indictment charging Michael C. Okolo, of Parkville, Maryland, with theft of property valued at $100,000 or more.