Thu.Sep 19, 2024

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Report: Over 250,000 US Properties Have Repeated NFIP Claims

Insurance Journal

More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program billions of dollars in claims, according to new federal data compiled by the National Resources Defense Council.

Claim 312
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Dr. Roof or Dr. Roof Adjuster? Restoration Contractors and Roofers Need to Be Careful and Not Overstep into Adjusting Claims, Subjecting Them to Criminal Prosecution

Property Insurance Coverage Law

Nobody likes to be told not to do something. So, I am writing this blog post understanding that my contractor friends, who I have written about in many posts such as Restoration Contractors Providing Great Quality Workmanship Are Policyholder Friends But Many Insurance Companies Refuse To Pay For Quality, and The Hero Contractor: Being a Contender and Not … The post Dr.

Claim 166
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Unnamed Storm in Carolinas Caused $7 Billion in Damage, AccuWeather Says

Insurance Journal

The storm that swamped parts of the Carolinas this week wasn’t organized enough to be named but it still has caused $7 billion in damage, according to a preliminary estimate from AccuWeather.

Damage 299
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WHERE THERE’S SMOKE, THERE’S PROBABLY DAMAGE

Rough Notes

That’s true, even if the fire is far away [A] court in Oregon ordered an insurer to provide income coverage to an acting company that had to cancel performances because wildfire smoke had infested its theatre and was deemed hazardous to audience members. By Joseph S.

Damage 114
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Markets/Coverages: Mosaic Offers Syndicated Terrorism Cover for Fine Art & Specie

Insurance Journal

Mosaic Insurance, the Bermuda-based specialty insurer, has launched customized global terrorism and sabotage coverage for fine art and specie insureds, with syndicated capacity extending up to $215 million per risk.

Damage 290
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Cargo dispute detains vessel in Chattogram

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cargo dispute detains vessel in Chattogram appeared first on Insurance Marine News.

Marine 110
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California Commissioner Orders Insurance Cancellation Moratorium for 750K Residents Following Wildfires

Insurance Journal

California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for 750,000 policyholders affected by the Airport, Bridge, and Line fires in the counties of Orange, Riverside, Los Angeles, and San Bernardino.

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Wisconsin Contractor Faces $144K Fine for Endangering Workers

Insurance Journal

A suburban Madison, Wisconsin contractor with a history of federal safety failures – including violations that led to an employee’s fatal injuries in 2022 – has again been found exposing workers to the construction industry’s most deadly hazard – falls …

Injury 278
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US Justice Department sues Dali owner over Baltimore bridge collapse

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US Justice Department sues Dali owner over Baltimore bridge collapse appeared first on Insurance Marine News.

Marine 105
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7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI

Insurance Journal

With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly 7 in 10 actuaries and underwriters are worried about being replaced by artificial intelligence, …

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“Sustained improvement” in marine insurance cargo market: IUMI 2024

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post “Sustained improvement” in marine insurance cargo market: IUMI 2024 appeared first on Insurance Marine News.

Marine 104
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Chevron CEO Attacks Biden LNG Export Pause on Costs, Carbon

Insurance Journal

The oil and gas industry is zeroing in on the Biden administration’s moratorium on new liquefied natural gas export permits as the key policy they want changed under the next US president. Chevron Corp.

Policy 271
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Port of Los Angeles experiences huge cargo demand surge

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Port of Los Angeles experiences huge cargo demand surge appeared first on Insurance Marine News.

Marine 102
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Washington Metal Fabricator Faces Felony in $340K Workers’ Comp Scam

Insurance Journal

A Washington man who claimed he was too injured to work while operating a metal fabrication shop faces a felony charge in an alleged $340,000 workers’ compensation scam.

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Tysers’ Individual Club Review: #2: Skuld

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Tysers’ Individual Club Review: #2: Skuld appeared first on Insurance Marine News.

Marine 94
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Ex-Google Executive’s Startup to Use AI to Forecast the Weather

Insurance Journal

A startup founded by a former Google executive aims to use artificial intelligence to improve weather forecasting, joining technology behemoths like Nvidia Corp. and Huawei Technologies Co. in an increasingly crowded field.

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What risks does your business face? Here are 5 you should know.

Frankenmuth Insurance

What risks does your business face? Whether you’re a small startup or a large corporation, every business has them. But the most successful businesses know how to prepare for these risks and respond to them quickly and effectively. Want to be one of them? See some of the business risks you could face and what you can do. Risk #1: Weather and natural disasters.

Risk 86
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TDCI Hosts SE Regulators Conference in Nashville in November

Insurance Journal

The Tennessee Department of Commerce and Insurance will host the 2024 Southeastern Regulators Association conference in Nashville, promising a number of familiar faces in the insurance and legal industries as keynote speakers. The Nov.

Insured 264
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Potential impact of East Coast US port strike continues to cause concern

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Potential impact of East Coast US port strike continues to cause concern appeared first on Insurance Marine News.

Marine 66
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Maine Bill Would Require Army to Use State Crisis Laws to Remove Weapons

Insurance Journal

A bill introduced after a mass shooting in Maine would require the Army to use state crisis intervention laws to remove the weapons of a service member who is deemed to be a serious threat to themselves or others, U.S.

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How To Get Life Insurance Leads: The Best (& Worst) Options For Agents

EverQuote

Selling life insurance can be a notoriously difficult and time-consuming process. Upwards of 90% of life insurance agents fail within their first year.

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Completion of Federal Probe Into Surfside Condo Collapse Delayed Until 2026

Insurance Journal

A long-awaited federal report on the causes of the Champlain Towers South condominium collapse, which killed 98 people in 2021 and upended Florida condo regulations and market, will have to wait at least another year.

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How Much Is Disability Insurance

Simply Insurance

Discover the factors that influence the cost of disability insurance, including coverage options, age, occupation, and health status. Learn how to find the right policy for your needs and budget.

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Michigan Home Health Care Service Provider to Pay $65K Over Disability Suit

Insurance Journal

Alternate Solutions Health Network, LLC, and its affiliated entity Beaumont ASHN, LLC, (collectively ASHN), providers of home health care services, will pay $65,000 and furnish other relief to resolve a disability discrimination lawsuit filed by the U.S.

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How Much Is Burial Insurance

Simply Insurance

Discover the costs associated with burial insurance, including factors that influence premiums, average price ranges, and tips for finding the best policy to secure peace of mind for you and your loved ones.

Premium 59
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Families of 3 Construction Workers Killed in Baltimore Bridge Collapse to Sue

Insurance Journal

Three families of immigrant construction workers killed when Baltimore’s Francis Scott Key Bridge collapsed after it was hit by the cargo ship Dali plan to challenge the attempt by the ship owner and operator to limit their liability for the …

Liability 264
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How Much Is Dental Insurance

Simply Insurance

Discover the factors that influence the cost of dental insurance, including coverage options, premiums, and out-of-pocket expenses. Learn how to choose the best plan for your needs and budget.

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GM’s Cruise to Begin Testing Autonomous Vehicles in California

Insurance Journal

General Motors’ self-driving unit Cruise said on Thursday it will begin supervised testing with up to five autonomous vehicles in fall this year in California’s Bay Area.

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How Much Is Student Pilot Insurance

Simply Insurance

Discover the costs associated with student pilot insurance, including factors that influence premiums, coverage options, and tips for finding the best rates to protect your aviation journey.

Premium 59
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Sir Charles Roxburgh Named Next Chair of Lloyd’s, Succeeding Carnegie-Brown

Insurance Journal

Lloyds of London, the re/insurance marketplace, announced that Sir Charles Roxburgh has been named its next chair, subject to regulatory approval. Sir Charles will take up the position on May 1, 2025, succeeding Bruce Carnegie-Brown after his eight-year term.

Insured 262
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How Much Is Monthly Drone Insurance

Simply Insurance

Discover the costs associated with monthly drone insurance, including factors that influence pricing, coverage options, and tips for finding the best policy to protect your investment.

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J&J Lifts Baby Powder Settlement Bid to More Than $8.2 Billion

Insurance Journal

Johnson & Johnson has boosted to more than $8.2 billion its offer to settle thousands of lawsuits by people who say its baby powder gave them cancer, according to people familiar with the matter.

Liability 262
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How Much Is Annual Drone Insurance

Simply Insurance

Discover the costs associated with annual drone insurance, including factors that influence pricing, coverage options, and tips for finding the best policy to protect your investment.

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Lockton Gets Regulatory Approval to Operate Reinsurance Brokerage in Colombia

Insurance Journal

Lockton, the Kansas City, Missouri-based insurance brokerage firm, announced it has received regulatory approval to operate a reinsurance brokerage business in Colombia.

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How Much Is Daily Drone Insurance

Simply Insurance

Discover the costs associated with daily drone insurance, including factors that influence pricing, coverage options, and tips for finding the best policy to protect your aerial investments.

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Live Nation Seeks to End States’ Claim of Damages for Concertgoers

Insurance Journal

Live Nation Entertainment has asked a federal judge in New York to dismiss several states’ claims that the live event promoter harmed event-goers by stifling competition with its ticket-selling arm, Ticketmaster.

Claim 256
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How Much Is Health Insurance

Simply Insurance

Discover the factors that influence health insurance costs, including premiums, deductibles, and out-of-pocket expenses. Learn how to find the right coverage for your budget and needs in this comprehensive guide.