Thu.Sep 19, 2024

article thumbnail

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
article thumbnail

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 214
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

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
article thumbnail

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

article thumbnail

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

More Trending

article thumbnail

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.

article thumbnail

Marine war market fears claim over detained $130m dredger

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine war market fears claim over detained $130m dredger appeared first on Insurance Marine News.

Marine 110
article thumbnail

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
article thumbnail

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
article thumbnail

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, …

article thumbnail

“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
article thumbnail

Exploding Pagers in Lebanon Spur Theories on Sabotage Method

Insurance Journal

From the moment pagers began exploding across Lebanon Tuesday, theories began to circulate on how devices considered outmoded in much of the world were turned into dangerous weapons that killed several people and wounded almost 3,000.

Cyber 274
article thumbnail

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
article thumbnail

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
article thumbnail

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
article thumbnail

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.

article thumbnail

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 81
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

264
264
article thumbnail

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
article thumbnail

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.

Insurance 264
article thumbnail

How Much Is Mobile Home Insurance

Simply Insurance

Discover the factors that influence mobile home insurance costs, average price ranges, and tips for finding the best coverage to protect your investment.

article thumbnail

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.

264
264
article thumbnail

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.

article thumbnail

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.

264
264
article thumbnail

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
article thumbnail

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.

264
264
article thumbnail

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.

article thumbnail

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
article thumbnail

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
article thumbnail

Firefighters Face Blazes Across Northern Portugal for Fourth Day

Insurance Journal

Firefighters are battling blazes in the region of Aveiro and other areas of northern Portugal for a fourth day after temperatures increased earlier this week.

263
263
article thumbnail

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.