Property Insurance Coverage Law

MARCH 13, 2025

In a recent decision that offers crucial guidance to policyholders and public adjusters about how to interpret commercial insurance contracts, the Fourth Circuit Court of Appeals sided with the policyholder, highlighting a key lesson about insurance policy interpretation: When insurance language is ambiguous, courts will interpret any ambiguity in favor of the policyholder. 1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property In

Policyholder 188

Policyholder Commercial Insurance Commercial Property Insurance 188

Insurance Journal

MARCH 13, 2025

The Australian securities watchdog said on Thursday it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period, which enabled a hacker to infiltrate its IT network.

Broker 162

Broker Cyber Liability 162

Property Insurance Coverage Law

MARCH 13, 2025

In a recent decision that offers crucial guidance to policyholders and public adjusters about how to interpret commercial insurance contracts, the Fourth Circuit Court of Appeals sided with the policyholder, highlighting a key lesson about insurance policy interpretation: When insurance language is ambiguous, courts will interpret any ambiguity in favor of the policyholder. 1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property In

Policyholder 100

Policyholder Commercial Insurance Commercial Property Insurance 100

Insurance Journal

MARCH 13, 2025

Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives and representatives of a consumer group pled their opposing cases in letters to Commissioner Ricardo Lara.

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Insurance Insurer Insured 165

Advertiser: Trellis

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

Insurance Claim

Splash: Finance and Insurance

MARCH 13, 2025

Norwegian car carrier player Hegh Autoliners is taking ownership of one of its leased vessels. The Oslo-listed outfit has exercised a purchase option at Parcar Shipholding on the 2010-built Hegh Copenhagen. The deal worth $36.

Insurance 84

Insurance Insured Insurer 84

LexisNexis

MARCH 13, 2025

Rupp Pfalzgraf was founded in 2000 by three visionary attorneys who were determined to redefine the traditional law firm model. Over the course of the past 25 years, they have grown into a dynamic, multi-practice firm that embraces technology to deliver exceptional legal services. This innovative culture has propelled the firm into becoming an early adopter of artificial intelligence (AI) tools and they are already reaping substantial benefits in efficiency and case management capabilities.

Protection 59

Protection Insurer Insurance Insured 59

Insurance Journal

MARCH 13, 2025

The Fukushima Daiichi nuclear power plant’s radiation levels have significantly dropped since the cataclysmic meltdown in Japan 14 years ago. Workers walk around in many areas wearing only surgical masks and regular clothes.

Liability 147

Liability Insurance Insured Insurer 147

Majesco

MARCH 13, 2025

Competing in todays marketplace requires a holistic view of advancement, including a complete grasp of internal and external risks. There are so many details! To grow the business, you need speed to market for new products, the ability to quickly make rate and product changes, and a flexible platform to adapt channels and experiences. At the same time, Operations needs to keep a steady eye on decreasing costs, improving productivity, and decreasing the total cost of technology ownership.

Risk 52

Risk Insurance Insurer Insured 52

Insurance Journal

MARCH 13, 2025

Ardonagh Advisory, the Ardonagh Group’s SME broking platform, announced it has acquired Anderson & Co. (Holdings) Ltd., along with its wholly owned subsidiary Anderson & Co (Insurance Brokers) Ltd. (ACIB). Financial details of the transaction were not disclosed.

Broker 147

Broker Insurance Broker Broker-Agent Insurance 147

LexisNexis

MARCH 13, 2025

A contract management system is a digital solution designed to streamline and automate the management of contracts. A contract lifecycle can take months to negotiate if the legal team executes a contract manually. A legal team can shorten the contract lifecycle with robust software incorporating extractive AI. An enterprise legal management platform provides the best contract management system because they are integrated.

Risk 52

Risk 52

Insurance Journal

MARCH 13, 2025

The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea is likely to hit multiple marine insurance policies, carrying an estimated combined insured value of between $50 million and $100 …

Marine 130

Marine Insurance Policy Insurance Insurer 130

Zywave

MARCH 13, 2025

Insurtech awarded top honors in Customer Service Transformation category Industry-leading insurtech Zywave has won five Stevie Awards in the in the 19 th annual Stevie Awards for Sales & Customer Service. The recognition includes highest honors, Gold in the category of Customer Service Transformation for the companys unprecedented improvement in customer satisfaction, operational efficiency, and innovation.

Broker-Agent 52

Broker-Agent Broker Agents Insurance 52

Insurance Journal

MARCH 13, 2025

NORTH CHARLESTON, S.C. (AP) A man burned three Tesla chargers in a South Carolina parking lot and also apparently inadvertently set his clothes on fire, police said.

Commercial Property 225

Commercial Property Property Insurance Commercial Insurance 225

Splash: Finance and Insurance

MARCH 13, 2025

Dubai shipping firm Gulf Navigation (GulfNav) has been given the go-ahead by its shareholders to acquire the assets held by crude storage provider Brooge Energy. The takeover plan, announced in October 2023, covers $125m in cash payment, the issuance of about 359m new shares to Brooge worth $122m, and $626m in mandatory convertible bonds (MCBs).

Insured 54

Insured Insurance Insurer 54

Insurance Journal

MARCH 13, 2025

AM Best has placed under review with positive implications the Financial Strength Rating of C++ (Marginal) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “b” (Marginal) of Wolverine Mutual Insurance Company (Wolverine) based in Dowagiac, Michigan.

Insurance Companies 223

Insurance Companies Insurance Insurer Insured 223

Tosten Marketing

MARCH 13, 2025

Digital lead generation is the lifeblood of modern businesses. In today’s fast-paced online world, companies need effective strategies to attract and convert potential customers. At Tosten Marketing, we’ve seen firsthand how the right digital lead generation tactics can transform a business’s growth trajectory. This post will explore proven strategies that deliver results and help you stay ahead in the competitive digital landscape.

Insurance Agency 52

Insurance Agency Building Insured Insurance 52

Insurance Journal

MARCH 13, 2025

Two new reports highlight the stagnant mergers and acquisitions in the insurance industry in 2024. In fact, global insurance carrier M&As slumped to a 16-year low in 2024 amid a wave uncertainty and volatility through the year, Clyde & Co.

Insurance Carrier 214

Insurance Carrier Insurance Industry Insurance Insurer 214

Healthinsurance.org

MARCH 13, 2025

In this article Open enrollment period would be shortened in all states Rule would eliminate the low-income special enrollment period Rule would eliminate enrollees ability to auto-renew $0-premium coverage Maximum out-of-pocket limits would increase for 2026 plans Rule would require additional documentation for enrollment and subsidy eligibility Additional rule changes A proposed federal rule issued this week would, if finalized, bring wide-ranging changes for the Affordable Care Acts health in

Premium 105

Premium Out-Of-Pocket Protection Insurance Broker 105

Insurance Journal

MARCH 13, 2025

A Canadian man has been sentenced to 25 years in federal prison for shootings at an oil pipeline in South Dakota and an electrical substation in North Dakota that caused $1.

Damage 204

Damage 204

LexisNexis

MARCH 13, 2025

February 2025 brings a host of exciting new features and updates to the Practical Guidance product, enhancing its utility across various legal practice areas. This month's updates focus on executive actions, cross-practice resources, corporate and M&A, financial services regulation, healthcare, labor and employment, real estate, and trusts and estates.

Commercial 52

Commercial Policy Risk Insurance 52

Insurance Journal

MARCH 13, 2025

An upstart stock exchange based in Texas has poached top talent from its big-name rivals as it prepares its push into the $11 trillion exchange-traded fund world.

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Triple-I: Homeowners Insurance

MARCH 13, 2025

Tariffs and threats of tariffs have been roiling financial markets since January. Property and casualty insurers are no less concerned, as the cost of repairing and replacing damaged property is a driver of claim costs and, ultimately, policyholder premiums. Triple-I Chief Economist and Data Scientist Dr. Michel Lonard recently sat down to explain the implications of tariffs and trade barriers for insurers and what economic considerations concern industry decisionmakers.

Casualty Insurance 52

Casualty Insurance Insurance Insurer Insured 52

Insurance Journal

MARCH 13, 2025

TAMPA, Fla. (AP) Heritage Insurance Holdings Inc. (HRTG) on Tuesday reported net income of $20.3 million in its fourth quarter, a 34% drop from Q4 in 2023.

Insurance 178

Insurance Insurer Insured Property Insurance 178

Insurance Journal

MARCH 13, 2025

A significant rise in claims from hurricanes rather than winter storms was to blame for a 36% increase in total fourth quarter 2024 claims.

Claim 173

Claim 173

Insurance Journal

MARCH 13, 2025

Several buildings at Texas Tech University in Lubbock were evacuated Wednesday night after officials said an explosion in a manhole near a substation caused multiple fires that could be seen emerging from underground across parts of the campus and widespread …

Building 173

Building 173

Insurance Journal

MARCH 13, 2025

A federal jury convicted a Maryland woman yesterday for conspiracy to commit insurance fraud, and related charges for wire fraud, money laundering and filing false tax returns.

Insurance Policy 165

Insurance Policy Policy Insurance Insurer 165

Insurance Journal

MARCH 13, 2025

Southern California Edison will begin its first close-up physical inspections of certain power equipment under investigation for possible links to the start of the Eaton Fire in Los Angeles early this year, Edison International CEO Pedro Pizarro told Reuters at …

Insured 147

Insured Insurer Insurance 147

Insurance Journal

MARCH 13, 2025

A plan to rescue three troubled New Jersey hospitals from bankruptcy is being challenged by their former owners, who claim mismanagement and an unfair land deal have tainted the reorganization.

Claim 147

Claim 147

Insurance Journal

MARCH 13, 2025

CANTON, Miss. (AP) A medical helicopter that crashed in a wooded area in Mississippi reported “a flight control problem” shortly before a Monday crash that killed all three people on board, federal authorities said.

Liability 147

Liability Insured Insurer Insurance 147

Insurance Journal

MARCH 13, 2025

USG Insurance Services, a national wholesaler and managing general agent, has hired Joshua Reinhold as associate producer and broker in its Tampa office another step in the company’s nationwide expansion plans.

Broker-Agent 147

Broker-Agent Broker Agents Insurance 147

Insurance Journal

MARCH 13, 2025

CannGen Insurance Services LLC is now offering workers’ compensation coverage for the legal cannabis industry through specialty insurance provider Crum & Forster. The program is available in all 50 states.

Workers Comp 147

Workers Comp Policyholder Compensation Workers Compensation 147

Insurance Journal

MARCH 13, 2025

ACORD Solutions Group, a provider of digital solutions for the global insurance industry, announced the launch of the ADEPT Bermuda Regional Hub.

Insurance Industry 147

Insurance Industry Insurance Insurer Insured 147

Insurance Journal

MARCH 13, 2025

Four people have been charged in the death of a 5-year-old boy who was “incinerated” inside a pressurized oxygen chamber that exploded at a suburban Detroit medical facility, Michigan’s attorney general said Tuesday.

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