Tue.Feb 25, 2025

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Home of CEO of SAIF in Oregon Shot at, No Injuries Reported

Insurance Journal

Various media outlets have reported shots were fired into the home of the head of Oregon worker’s compensation insurer SAIF Corp. The outlets are reporting that the early-morning Feb.

Injury 289
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Should There Be a Valued Policy Law for Personal Property?

Property Insurance Coverage Law

A New York Times article written by Rukmini Callimachi,California Bill Would Force Insurers to Pay Full Coverage Without Requiring Itemization,is something many policyholders of the recent Los Angeles wildfires wished was the law right now. Many are having to go through the trauma of reliving the loss of each piece of their personal property because … The post Should There Be a Valued Policy Law for Personal Property?

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Robert C. Johnson III Elected to Board of Directors for Johnson & Johnson

Insurance Journal

CHARLESTON, SC., February 24, 2025 We are pleased to announce that Robert (Rob) C. Johnson III, Executive Vice President of Commercial Lines, has been elected to the Board of Directors for Johnson & Johnson.

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Should There Be a Valued Policy Law for Personal Property?

Property Insurance Coverage Law

A New York Times article written by Rukmini Callimachi,California Bill Would Force Insurers to Pay Full Coverage Without Requiring Itemization,is something many policyholders of the recent Los Angeles wildfires wished was the law right now. Many are having to go through the trauma of reliving the loss of each piece of their personal property because … The post Should There Be a Valued Policy Law for Personal Property?

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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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NYDFS Fines Three Dozen Auto Insurers $20M for Slow Reporting on Policies

Insurance Journal

Multi-year market conduct investigations by the New York State Department of Financial Services have resulted in $20 million in fines and consent orders against three dozen auto insurers for failing to timely report new and terminated auto insurance policies.

More Trending

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Avalanches in West Claim More Lives, Including Weekend Death in Colorado

Insurance Journal

One person was killed in an avalanche in central Colorado on Saturday, marking just the latest fatality stemming from avalanches in the western U.S. this season.

Claim 237
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Evidence-Based Medicine (EBM) in Workers’ Comp: A Case Study on Partial Rotator Cuff Tear

AMAXX

Once employers and adjusters understand the value of evidence-based medicine (EBM) in workers’ compensation claims, the next challenge is applying it effectively. EBM helps ensure that medical treatments align with standardized recovery timelines, reducing unnecessary disability durations and claim costs. This article explores a real-world example of how EBM can be utilized to drive optimal claim outcomes.

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Big Threat? Payroll Companies Taking Insurance Biz Away from Agencies, Agents Warn

Insurance Journal

Insurance agents in Florida and beyond are finding that some of their toughest competition now seems to be coming from firms that aren’t really insurance agencies at all at least not in the historical sense of the word.

Agents 234
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How AI is Changing the Insurance Industry’s Reputation

Zywave

Artificial Intelligence has the potential to benefit both insurance professionals and consumers, says Doug Marquis, chief technology officer at Zywave. Insurance is often regarded as a necessary evil by consumers a boring grudge purchase to protect themselves against an unfortunate event that may never happen. And many consumers suspect that the insurance company has plucked numbers out of the air to price a policy, with rates seeming to fluctuate arbitrarily.

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ECM Theft Is Skyrocketing—Here’s How to Stay Ahead

Insurance Journal

This post is part of a series sponsored by IAT Insurance Group. Late at night in the Fall of last year, thieves stole 13 ECM units from a fleet of commercial trucks in Chicago.

Theft 223
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Blog Post: Managing External Counsel With Standardized Benchmarks

LexisNexis

Managing external counsel in the legal department comes with various challenges. The primary challenge is rising hourly rates in all practice areas and geographies. Other challenges managing external counsel may arise in performance evaluations and the quality and length of legal services to close a matter. One way managing external counsel benefits the legal department is to set a standardized benchmarking program to track and measure external counsel performance against variables.

License 52
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Talanx Sells Ecuadorian Subsidiary to Grupo Financiero Atlántida

Insurance Journal

The Retail International division of the Talanx Group is selling its Ecuadorian entity HDI Seguros S.A. to Grupo Financiero Atlntida, a financial conglomerate from Honduras.

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Marine round-up : 26th February 2025

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 : 26th February 2025 appeared first on Insurance Marine News.

Marine 52
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California Labor Commissioner Fines Homecare Company $2.3M for Worker Misclassification

Insurance Journal

The California Labor Commissioner’s Office cited a homecare provider $2.3 million for misclassifying caregivers in a test of a new law the went into effect in January. The LCO issued the fines to Amity In-Home Care Services Inc.

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Suez Canal traffic improving, says SCA chairman Rabie

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Suez Canal traffic improving, says SCA chairman Rabie appeared first on Insurance Marine News.

Marine 52
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Pennsylvania Shootout Highlights Rising Violence Against US Hospital Workers

Insurance Journal

A man who took hostages in a Pennsylvania hospital during a shooting that killed a police officer and wounded five other people highlights the rising violence against U.S. healthcare workers and the challenge of protecting them.

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Port of Auckland CEO fined in Constantinos P case from 2020

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 Auckland CEO fined in Constantinos P case from 2020 appeared first on Insurance Marine News.

Marine 52
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People Moves: Markel Taps Johnson From Travelers as Senior U/W, Transport and Logistics; Specialty MGA UK Hires 2 Energy Underwriters

Insurance Journal

This edition of International People Moves details appointments at Markel and Specialty MGA UK. A summary of these new hires follows here.

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EC publishes list of newly sanctioned ships

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post EC publishes list of newly sanctioned ships appeared first on Insurance Marine News.

Marine 52
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AM Best Revises Outlook to Negative for Michigan’s Hastings

Insurance Journal

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Hastings Insurance Company based …

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Taiwan detains vessel on suspicion of undersea cable damage

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Taiwan detains vessel on suspicion of undersea cable damage appeared first on Insurance Marine News.

Damage 52
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DoorDash to Pay $16.8 Million in Back Pay to New York Couriers

Insurance Journal

DoorDash Inc., the biggest food-delivery firm in the US by market share, agreed to pay New York couriers $16.8 million in back pay to resolve a state investigation into its payment practices.

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London Club reports positive 2025 renewals – strong growth in tonnage and premiums

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post London Club reports positive 2025 renewals strong growth in tonnage and premiums appeared first on Insurance Marine News.

Premium 52
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Scam Calls Hit Record in Thailand Before Cyber Fraud Crackdown

Insurance Journal

Thailand saw the number of scam calls and text messages more than double to a record 168 million in 2024 from a year earlier, an anti-scam tech firm said, before authorities stepped up a crackdown on cyber fraud operations in …

Cyber 173
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Fire reported on Grimaldi vessel en route to USA

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Fire reported on Grimaldi vessel en route to USA appeared first on Insurance Marine News.

Marine 52
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Greenpeace Pushes Back Against Lawsuit Threatening Free Speech Rights in North Dakota Trial

Insurance Journal

A Texas pipeline company’s lawsuit accusing Greenpeace of defamation, disruptions and attacks during protests against the Dakota Access Pipeline goes to trial in North Dakota on Monday, in a case the environmental advocacy organization says threatens free speech rights and …

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Container sector could be hit hardest by US fee plans for Chinese-built vessels

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Container sector could be hit hardest by US fee plans for Chinese-built vessels appeared first on Insurance Marine News.

Marine 52
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Google’s AI Previews Erode the Internet, Educational Tech Company Says in Lawsuit

Insurance Journal

Alphabet’s Google internet search engine is eroding demand for original content and undermining publishers’ ability to compete with its artificial intelligence-generated overviews, a U.S. educational technology company said in a lawsuit filed on Monday.

Risk 165
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OFAC hits 13 vessels in new anti-Iran sanctions

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post OFAC hits 13 vessels in new anti-Iran sanctions appeared first on Insurance Marine News.

Marine 52
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FDA, CDC Investigating Multi-State Listeria Outbreak

Insurance Journal

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention said on Monday the agencies were investigating a multi-state outbreak of listeria infections linked to frozen supplemental shakes manufactured by Prairie Farms Dairy Inc.

Liability 162
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Tell ‘price walkers’ to take a hike

Elmore

We know how this works: you sign up for a deal at a low teaser rate when its time to renew, youre on a contract with a much higher. The post Tell price walkers to take a hike appeared first on Elmore Insurance Brokers.

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Bill to Study Insurance Rating Factors in Washington Moving Through State Legislature

Insurance Journal

A bill that would create a study on the impact of insurance rating factors in Washington, including credit history, is moving through state Legislature. Senate Bill 5589 has passed out of committee in the Washington State Senate.

Insurance 147
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Using a Sense of Urgency to Close More Often: 3 Tips

Word & Brown

Have you heard? Urgency sells. Here are three strategies to leverage urgency as a part of your sales discussions with prospects and clients. Overcome overthinking: A common objection voiced by customers may be what is sometimes referred to as decision paralysis or choice overload. Your client is so caught up in the idea of making the wrong choice that he or she doesnt want to make any decision at all.

Premium 52