Fri.Oct 04, 2024

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Tesla Recalls Over 27,000 Cybertrucks in Fifth Callback This Year

Insurance Journal

Tesla said on Thursday it would recall more than 27,000 Cybertrucks in the United States due to delayed rear-view camera images that could impair driver visibility and increase crash risks.

Risk 361
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Hurricane Helene National Flood Insurance Claims—What to Expect

Property Insurance Coverage Law

National Flood Insurance claims are notoriously complex and exacting. Most policyholders are unaware that National Flood claims are among the most difficult property insurance claims to handle correctly, and that the National Flood Insurance adjuster has limited authority. The field flood adjuster primarily serves to assist policyholders in making claims rather than having decision-making power. … The post Hurricane Helene National Flood Insurance Claims—What to Expect appeared first on Pr

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NC Town That Produces Quartz for Tech Products is Devastated by Helene

Insurance Journal

SPRUCE PINE, N.C. (AP) — Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by Hurricane Helene with no reopening date in sight.

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Controlling Your Relief: Key Forms for Flood Recovery After Hurricane Helene

Property Insurance Coverage Law

As Hurricane Helene swept through the Southeast United States, it left behind an overwhelming 40 trillion gallons of water. This catastrophic deluge impacted homes and businesses that had been flood-free for over 30 years, and it compounded the challenges faced by properties still recovering from previous storms like Ian and Debby. In my earlier blog … The post Controlling Your Relief: Key Forms for Flood Recovery After Hurricane Helene appeared first on Property Insurance Coverage Law Blo

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Pennsylvania Supreme Court Yanks Dentist’s COVID Insurance Coverage Win

Insurance Journal

The Pennsylvania Supreme Court has reversed lower court rulings and denied a dentist’s bid for insurance coverage for loss of use of his offices due to the COVID-19 pandemic.

Insurance 278
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Blog Post: CA9 on Credibility, Internal Relocation: Singh v. Garland

LexisNexis

Singh v. Garland (2-1) "Jaswinder Singh, a citizen and native of India, appeals the Board of Immigration’s (“BIA”) decision affirming the Immigration Judge’s (“IJ”) denial of his petition for asylum.1 He argues that the agency erred by misapplying Matter of R-K-K-, 26 I. & N. Dec 658 (BIA 2015), which permits immigration judges to consider strikingly similar affidavits submitted by asylum applicants in unrelated proceedings as a basis for an adverse credibility determination.

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California Commissioner Orders 1-Year Moratorium for Residents Affected by Boyles Fire

Insurance Journal

California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 16,000 policyholders affected by the Boyles Fire located in Lake County.

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Taiwan Reopens, Clearing Up Damage After Typhoon Krathon

Insurance Journal

Southern Taiwan worked on Friday to clear up damage from flooding and high winds after Typhoon Krathon slammed into a major port city, while most of the rest of the island resumed work and financial markets re-opened.

Damage 276
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Balancing Traditional and Digital for a Hybrid Insurance Experience

American Agents Alliance

Insurance customers expect a hybrid insurance experience — and agents and brokers can provide this for them. Today’s policyholders have higher expectations than ever before and they are familiar with using intuitive, advanced tech in their personal lives. Insurers and agents are not only competing with each other, they are being compared with the digital experiences consumers have with services like Google, Uber, and Amazon.

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Shipping Containers Are Regularly Lost at Sea. What Happens When They Burst Open?

Insurance Journal

Russ Lewis has picked up some strange things along the coast of Long Beach Peninsula in Washington state over the years: Hot Wheels bicycle helmets with feather tufts, life-size plastic turkey decoys made for hunters, colorful squirt guns.

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Agent Success Secrets with Sarah Maslowski

Your Journey With Jennie

Agents 52
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Helene’s Flooding a Reminder of Appalachia’s Growing Risk From Violent Storms

Insurance Journal

HENDERSONVILLE, N.C. (AP) — Hurricane Helene dumped trillions of gallons of water hundreds of miles inland, devastating communities nestled in mountains far from the threat of storm surge or sea level rise.

Risk 264
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Blog Post: Expert: No "Immediate" Deportation

LexisNexis

Maria Ramirez Uribe, PolitiFact, Oct. 3, 2024 "Temporary Protected Status and humanitarian parole do not provide people a pathway to citizenship. So, people with humanitarian parole or Temporary Protected Status must use another avenue — such as asylum, marriage or employment — to gain legal permanent residence. That leaves people who have these protections in a "precarious non-permanent status" that can expire or be ended by the president, Reisz said.

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Texas AG Sues TikTok For Violating State’s New Social Media Law

Insurance Journal

Texas Attorney General Ken Paxton sued TikTok on Thursday for sharing and selling minors’ personal information, violating a new state law that seeks to protect children who are active on social media, accusations that the company denied hours later.

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People Moves: Ryan Specialty Underwriting Managers Appoints Leadership Team Members

Insurance Journal

Ryan Specialty, headquartered in Chicago, named new leadership within its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). Eric Quinn was promoted to executive vice president – capital and product strategy.

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Optio to Acquire Luxembourg-Based Film and Events MGA, Circles Group

Insurance Journal

Optio Group, the London-based specialty managing general agent, announced it has acquired the Luxembourg-based MGA, Circles Group for an undisclosed sum, subject to regulatory approval.

Agents 264
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Antarctica Had Less Winter Sea Ice in 2024 Than Any Year Except 2023

Insurance Journal

Antarctic sea ice at its annual peak this year covered the second-lowest area on record. It was just shy of last year’s record low, continuing what scientists fear is a trend caused by climate change. The ice covered 17.

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Rebuild or What? Florida Towns Hit Three Times by Hurricanes Face Tough Choice

Insurance Journal

HORSESHOE BEACH, Fla. (AP) — It was just a month ago that Brooke Hiers left the state-issued emergency trailer where her family had lived since Hurricane Idalia slammed into her Gulf Coast fishing village of Horseshoe Beach in August 2023.

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Live Nation Found Not Liable for Death of 3 Campers at Michigan Music Fest

Insurance Journal

BROOKLYN, Mich. (AP) — Concert promoter Live Nation isn’t responsible for the deaths of three young men who succumbed to carbon monoxide poisoning from a generator while camping at a Michigan music festival in 2021, the state appeals court said.

Liability 258
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Helene-Soaked Florida Faces New Threat: Up to a Foot of Rain

Insurance Journal

One week after Hurricane Helene barreled ashore, Florida is bracing for another round of heavy rainfall and strong winds from a tropical system brewing in the Atlantic.

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US Dockworkers Suspend Three-Day Strike After Contract Extension

Insurance Journal

US dockworkers agreed to end a three-day strike that had paralyzed trade on the US East and Gulf coasts and threatened to become a factor in the presidential election.

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AM Best Withdraws Credit Rating of Farmers Mutual Insurance Co. of Michigan

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 C++ (Marginal) and the Long-Term ICR of “b+” (Marginal) of Farmers Mutual Insurance Company …

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Officials Identify Driver Who Crashed Into Texas Pipeline, Sparking Fire

Insurance Journal

The driver of a vehicle that crashed into a pipeline valve and sparked a four-day fire that forced the evacuation of nearby neighborhoods in a Houston suburb was a local 51-year-old man, according to police.

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Massachusetts Governor Healey Names Caljouw as Insurance Commissioner

Insurance Journal

Massachusetts Governor Maura Healey announced the appointment of Michael T. Caljouw as state’s new insurance commissioner.

Insurance 263
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Africa Specialty Risks Begins Operating as Lloyd’s Service Company

Insurance Journal

Africa Specialty Risks (ASR), the pan-African and Middle East-focused reinsurance group, announced that has begun operating as a Lloyd’s service company. As a Lloyd’s service company, ASR’s UK based entity, Africa Specialty Risks Ltd. (ASR Ltd.

Risk 147
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Becton Dickinson Hernia-Mesh Settlements Will Exceed $1 Billion

Insurance Journal

Becton Dickinson & Co.

Damage 262