Insurance Journal
JANUARY 2, 2025
(THE CONVERSATION) On Dec. 30, 2021, a wind-driven wildfire raced through two communities just outside Boulder, Colorado. In the span of about eight hours, more than 1,000 homes and businesses burned.
Property Insurance Coverage Law
JANUARY 2, 2025
Public adjusters and policyholders must remain vigilant and precise when dealing with federal flood insurance claims under the National Flood Insurance Program (NFIP). A recent decision in Blocdahl Leasing, LLC v. American Strategic Insurance Corporation 1 highlights a crucial pitfall: Failure to submit a signed proof of loss can completely bar a claim for additional … The post Federal Flood Insurance: Strict Compliance with Proof of Loss Requirements is Essential appeared first on Propert
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Insurance Journal
JANUARY 2, 2025
Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under a reform pushed by California Insurance Commissioner Ricardo Lara.
Central Insurance
JANUARY 2, 2025
Discover the causes behind the construction labor shortage and explore strategies to manage it, such as training and risk management. The post Why Is the Labor Shortage in Construction Driving Up Insurance Risks? appeared first on Central Insurance Blog.
Advertiser: Trellis
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
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Insurance Journal
JANUARY 2, 2025
Leaders from a US dockworkers’ union and the group that represents their employers are set to resume contract talks on Jan. 7 as the threat of a strike looms, according to a person familiar with the negotiations.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
JANUARY 2, 2025
A Pennsylvania battery firm has been found responsible for paying $22.25 million in backpay to workers to cover the actual time they spent changing and showering for their jobs working with hazardous materials.
Insurance Marine News
JANUARY 2, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 3rd January 2025 appeared first on Insurance Marine News.
Insurance Journal
JANUARY 2, 2025
A U.S. government fund to compensate people swindled by Bernard Madoff announced its tenth and final distribution on Monday, saying it will have paid out $4.3 billion to 40,930 of the late Ponzi schemer’s victims. Richard Breeden, the former U.S.
Insurance Marine News
JANUARY 2, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Turkiye looking at maritime deal with Syria appeared first on Insurance Marine News.
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 Journal
JANUARY 2, 2025
The Dartmouth men’s basketball team on Tuesday dropped its attempt to unionize, abruptly ending a push to become the first college athletes to bargain for a contract in order to avoid a potentially damaging precedent from a National Labor Relations …
Insurance Marine News
JANUARY 2, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Tug collides with bulker on Lower Mississippi appeared first on Insurance Marine News.
Insurance Journal
JANUARY 2, 2025
SageSure closed the acquisition of GeoVera Advantage Insurance Services LLC in Fairfield, California. The entity will now function as a newly formed managing general agent and includes the residential earthquake risk underwriting franchise.
Insurance Marine News
JANUARY 2, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Peru and Ecuador hit with huge waves; ports temporarily closed appeared first on Insurance Marine News.
Insurance Journal
JANUARY 2, 2025
Nexus Underwriting, a Brown & Brown group business, announced it has entered into an agreement to acquire Arma Fusion Ltd., the parent company of Arma Underwriting Ltd.
Insurance Marine News
JANUARY 2, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Multiple oil tanker leaks near Kerch Strait leads to appeal for federal Russian help appeared first on Insurance Marine News.
Insurance Journal
JANUARY 2, 2025
Investment bank Morgan Stanley said on Thursday it had decided to leave the Net-Zero Banking Alliance, becoming the latest U.S. lender to quit the sector’s top global climate coalition.
Insurance Marine News
JANUARY 2, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Singapores Vallianz hit by cyber attack appeared first on Insurance Marine News.
Insurance Journal
JANUARY 2, 2025
Three firefighters and a dozen passengers were injured in Florida last week when a fire truck with its lights flashing drove around rail crossing arms and into the path of a high-speed passenger train after waiting for another train to …
Insurance Marine News
JANUARY 2, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Negotiations on US ports dispute could resume appeared first on Insurance Marine News.
Insurance Journal
JANUARY 2, 2025
Chinese state-sponsored hackers broke into the computers of senior US Treasury Department leaders as part of a recent breach of the agency, according to a US official and another person familiar with the matter.
Insurance Marine News
JANUARY 2, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Estonia sends naval vessel to guard subsea power cables appeared first on Insurance Marine News.
Insurance Journal
JANUARY 2, 2025
LULING, La. (AP) The crew of a tugboat was quickly rescued when their vessel sank into the Mississippi River following a collision with a tanker ship in Louisiana. The U.S.
Insurance Marine News
JANUARY 2, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Seven members of Eagle S crew banned from leaving Finland appeared first on Insurance Marine News.
Insurance Journal
JANUARY 2, 2025
Marsh McLennan Agency (MMA) announced the acquisition of Acumen Solutions Group LLC, a Melville, New York-based insurance agency. Founded in 2012, Acumen provides personal insurance and customized commercial insurance programs, with specialties in the construction, real estate, and aviation industries.
The Insurance Marketer
JANUARY 2, 2025
Imagine this: a potential client visits your website, clicks around, maybe even checks out your insurance offerings, but then they leave without signing up. Most agents might think, “Well, that.
Insurance Journal
JANUARY 2, 2025
The Risk & Insurance Management Society today announced that effective Jan. 1 Kristen Peed will serve as president for 2025 the organization’s 75th anniversary year.
Elmore
JANUARY 2, 2025
Decrease follows two years of bumper profits for providers The post Reinsurance costs fall as sector deploys record capital appeared first on Elmore Insurance Brokers.
Insurance Journal
JANUARY 2, 2025
The world’s biggest climate coalition for financial firms is making adjustments after several high-profile banks, insurers and asset managers opted out.
LeverageRx
JANUARY 2, 2025
MAG Mutual Insurance Company (MagMutual for short) provides medical professional liability insurance to physicians and hospitals.
Insurance Journal
JANUARY 2, 2025
A federal judge in Connecticut refused to dismiss a long-running lawsuit accusing the former Nestle Waters North America of defrauding consumers by labeling its Poland Spring bottled water as “spring water.
LexisNexis
JANUARY 2, 2025
The digitization of everything in corporate legal departments, and now with the advent of AI, means that the law department and outside counsel need to utilize legal e-billing software to streamline their financial operations. LEDES (Legal Electronic Data Exchange Standard) is at the forefront of this transformation. While there are still many PDFs in use for invoice submission and in legal e-billing software, the LEDES format is taking precedence.
Insurance Journal
JANUARY 2, 2025
Last year, there were 5,283 fatal work injuries recorded in the United States, a 3.7% decrease from 5,486 in 2022, the U.S. Bureau of Labor Statistics reported. The fatal work injury rate was 3.
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