Thu.Dec 12, 2024

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Federal Court Affirms $14M Penalty Against Exxon for Pollution in Texas

Insurance Journal

A federal court on Wednesday affirmed a federal judge’s 2021 ruling imposing a $14.25 million penalty on Exxon Mobil for thousands of violations of the federal Clean Air Act at the company’s refinery and chemical plant complex in Baytown.

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Can Insurance Companies Sue Public Adjusters for Not Being Licensed or Not Having a Valid Contract?

Property Insurance Coverage Law

The issue raised in this title usually arises with policyholders not wanting to pay a public adjuster fee because the public adjuster service contract was not valid or the public adjusters license lapsed sometime during the contract. MAPFRE Insurance Company has filed a fascinating complaint 1 against an allegedly unlicensed public adjuster license and company … The post Can Insurance Companies Sue Public Adjusters for Not Being Licensed or Not Having a Valid Contract?

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Florida Board Revokes Butt-Lift Doctor’s License, Three Years After Patient Died

Insurance Journal

Florida’s Board of Medicine has revoked the medical license of a doctor who performed Brazilian butt-lift surgery, three years after his license was restricted after a botched surgery killed a patient. Dr.

License 245
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Poseidon Principles banks make headway in aligning with climate targets

Splash: Finance and Insurance

The Poseidon Principles group of banks has moved closer to alignment with IMOs revised GHG strategy to remove emissions from shipping by 2050. In its fifth annual report, the framework for measuring and reporting the alignment of lenders shipping portfolios with climate goals showed a noticeable progression from last year.

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Digital Lloyd’s Syndicate Ki to Become Standalone Business Within Fairfax Group

Insurance Journal

Brit Ltd. and Ki announced that Ki will operate as a standalone company within the Fairfax Group, effective Jan. 1, 2025. Ki was incubated and launched by Brit in 2020 and began writing business on Jan.

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2024 Zywave Wrap Up

Zywave

Your 2024 Zywave wrap up is here! Let's take a look at the year in review.

More Trending

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The Perfect Sales Pitch for Medicare Sales

PSM Brokerage

Engage, Educate, and Close with Confidence Selling Medicare plans is as much an art as it is a science. A successful pitch combines knowledge, strategy, and personality, all while navigating the complex web of compliance rules. So, how do you master the perfect sales pitch for Medicare sales? Lets break it down with some examples and best practices.

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Hermes Family in Talks to Invest in French Insurer Albingia

Insurance Journal

A family office backed by members of the Hermes fortune are among the likely buyers of French insurer Albingia, in an investment that signals a goal to diversify their wealth away from luxury.

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Blog Post: 4 Reasons Why Law Firms Need to Connect Their Legal AI Tool with Their DMS Platform

LexisNexis

By Madison Johnson, Esq | Manager, Large Markets More than half of Am Law 200 law firms have already purchased Legal AI tools, generative artificial intelligence developed specially for the legal profession, and nearly all large firms expect their investment in Gen AI technologies to increase over the next five years, according to a LexisNexis survey conducted earlier this year.

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Ryan Companies to Pay $350K Over Sexual Harassment at Iowa Site

Insurance Journal

The U.S. Department of Labor announced that its Office of the Federal Contract Compliance Programs has entered into a conciliation agreement with Ryan Companies US Inc.

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Blog Post: Maximize Efficiency With Legal And Case Management Software

LexisNexis

Legal and case management software may have various connotations among legal operations professionals and in-house lawyers in the law department. Legal and case management software is necessary for in-house legal departments to streamline workflow. Essentially, the primary functions required in legal departments begin with matter management, legal and case management, financial management , relationships with vendors, contract lifecycle management , and analytical reporting.

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BMS Group to Acquire Spanish Broker Rasher and Its Latin American Subsidiaries

Insurance Journal

BMS Group, the London-based specialist insurance and reinsurance broker, announced that it has entered into an agreement to acquire the leading insurance broker Rasher, subject to regulatory approvals.

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Blog Post: ETA Previews Upcoming Adverse Effect Wage Rates (AEWR) for Range and Non-Range H-2A Occupations

LexisNexis

OFLC, Dec. 12, 2024 "The Employment and Training Administration (ETA) will publish two Federal Register Notices (FRNs) in mid-December 2024. The first FRN will update the AEWR under the H-2A temporary agricultural employment program that applies to all range H-2A job opportunities for which the AEWR is determined using the Bureau of Labor Statistics (BLS) September 2024 Employment Cost Index (ECI).

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Senators Say US Must Boost Security After Chinese Salt Typhoon Telecom Hacking

Insurance Journal

The United States must do more to address hacking threats after China’s alleged efforts known as Salt Typhoon to infiltrate American telecommunications companies and steal data about U.S. calls, senators said at a hearing Wednesday.

Cyber 235
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AI and GenAI Finds Their Purpose in Insurance

Majesco

Sometimes insightful business examples are found in the extreme parts of our imagination outside of reality. Movies and books give us these ideas and potential opportunities in great abundance. For example, In the 2021 sci-fi movie, Finch , Tom Hanks (as the title character) lives alone in a mostly uninhabited world decimated by an environmental event.

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ALKEME Acquires Iowa’s Relion

Insurance Journal

ALKEME announced the acquisition of Relion Insurance Solutions, one of Iowa’s largest insurance agencies with over 140 years of history serving Iowa and surrounding areas.

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Blog Post: Know Your Rights

LexisNexis

NIJC Know Your Rights: Prepare for Trumps Mass Deportation Threats All individuals in the United States have rights, regardless of immigration status What mass deportations might look like President-elect Donald Trump has threatened our communities by promising mass deportations of immigrants. One of the tools the Trump administration may use Read More Know Your Rights: If You Encounter ICE All individuals in the United States have rights, regardless of immigration status.

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Virginia Approves 12% Loss Cost Decrease for Workers’ Compensation

Insurance Journal

Virginia has approved a 12.0% loss cost decrease in the workers’ compensation voluntary market along with rate decreases in the assigned risk market, effective April 1, 2025.

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Blog Post: Migrant Workers as an Impediment to Mass Deportation: A Q&A with David Bacon

LexisNexis

Todd Miller, The Border Chronicle, Dec. 12, 2024 "The prolific author and photographer describes powerful instances of worker resistance and how undocumented labor will be a serious thorn in Trumps side.

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People Moves: HDI Global Promotes Schulte as Global Head of Marine; Amwins Global Risks Hires Ewing to Lead Transactional Risk Practice

Insurance Journal

This edition of International People Moves details appointments at HDI Global and Amwins Global Risks. A summary of these new hires follows here. HDI Global Promotes Schulte as Global Head of Marine HDI Global has promoted Dr.

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Top Carriers Connecting: How Agents Rank Insurers On Digital Experience

Insurance Journal

Carriers are on the hunt for quality agencies to make new appointments, according to a new report, which also found that the top way they’re finding them is at industry tradeshows and events.

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Texas Sues Chemical Manufacturers for Deceptive PFAS Marketing

Insurance Journal

Texas Attorney General Ken Paxton filed a lawsuit on Dec.

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Aon and EBRD Launch €110M Facility to Provide Cover for War-Related Risks in Ukraine

Insurance Journal

Insurance broker Aon and the European Bank for Reconstruction and Development (EBRD) have structured a 110 million (US$115.6 million) facility to provide reinsurance capacity for international reinsurers and Ukrainian insurance companies to cover war-related risks in Ukraine.

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BHP, Rio Pressured Women to Sign NDAs After Sexual Harassment Complaints: Lawyer

Insurance Journal

BHP and Rio Tinto have used confidentiality agreements to prevent female employees from speaking about sexual harassment at work, according to a lawyer leading Australian class action lawsuits against the miners.

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CEO of Large California Vocational School in Court on 23 Charges of Insurance Fraud

Insurance Journal

The CEO of one of California’s largest vocational return to work counseling centers appeared in court this week after being charged with 23 felony counts including insurance fraud, theft and forgery.

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World Insurance Associates Acquires Sprague Israel Giles in Washington

Insurance Journal

World Insurance Associates LLC acquired the business of Sprague Israel Giles Inc. in Seattle, Washington. Sprague Israel Giles was founded in 1958 by David Sprague and Mike Israel.

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Hacking Rooftop Solar Is a Way to Break Europe’s Power Grid

Insurance Journal

All it takes is one hacker and a batch of faulty solar panels to threaten the safety of Europe’s electric grid. Vangelis Stykas, a cybersecurity consultant, said he figured out how to do it.

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New York Considers Making Property Insurers Cover Taxi Claims Losses

Insurance Journal

New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans.

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US Appeals Court Tosses Nasdaq Board Diversity Rules

Insurance Journal

A U.S.

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Construction Firm Owner Sentenced for $2 Million Tax Evasion, Lying to OSHA

Insurance Journal

A Massachusetts construction business owner was sentenced to 18 months in prison for an employment tax scheme and making a false statement at an Occupational Safety and Health Administration (OSHA) hearing about a worker’s death.

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Workers’ Comp Mega Claims Total $1B-Plus Yearly, Multiagency Study Shows

Insurance Journal

Mega claims in workers’ compensation represent far less than 1% of total workers’ comp claims yet account for more than 2% of total loss dollars, and total in excess of $1 billion each year, a new study from 10 state …

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Starbucks Restores Scheduling App Taken Down by Hack to Vendor

Insurance Journal

Starbucks Corp.’s system for logging employee hours is back online nearly three weeks after a vendor hack had forced the company to keep track of schedules by hand.

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Public Nuisance Claims Denied by Ohio Supreme Court in Opioid Case

Insurance Journal

COLUMBUS, Ohio (AP) The Ohio Supreme Court ruled last Tuesday that the state’s product liability law prohibits counties from bringing public nuisance claims against national pharmaceutical chains as they did as part of national opioid litigation, a decision that …

Claim 147
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Jury Awards $10.6 Million in Wrongful Death Claim Against Tobacco Firm

Insurance Journal

The family of a woman who smoked cigarettes for decades and died at age 59 from lung cancer has won a $10.6 million verdict in a case against cigarette maker R.J. Reynolds Tobacco Co.

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