Insurance Journal

AUGUST 1, 2024

Today may be the day when the impossible becomes possible—based on the number of headlines in recent days saying pretty much that.

290

290

The Property Insurance Law Observer

AUGUST 1, 2024

In Zurich American Insurance Company v. Medical Properties Trust, Inc. , 2024 WL 3504060 (Mass. Jul. 23, 2024), the Supreme Judicial Court of Massachusetts held that the term “surface waters,” as used in a limitation contained in commercial property insurance policies, was ambiguous in the context of rainwater accumulating on roofs, thereby finding coverage for the insured.

Commercial Property 130

Commercial Property Damage Policy Commercial 130

Insurance Journal

AUGUST 1, 2024

When a spate of wildfires tore across the Texas Panhandle in February and scorched 20,000 acres of Craig Cowden’s ranch near Skellytown, he decided he had had enough.

Liability 289

Liability 289

PSM Brokerage

AUGUST 1, 2024

Registration and Training for Marketplace Agents and Brokers Plan year 2025 Marketplace registration and training is now available for new and returning agents and brokers on the Marketplace Learning Management System (MLMS). Plan year 2025 Marketplace training is available in English and Spanish. New Agents and Brokers Agents and brokers who are new to the Marketplace this year, or who did not complete plan year 2024 registration and training, are required to take the full Individual Marketplac

Broker-Agent 92

Broker-Agent Broker Agents License 92

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

Insurance Journal

AUGUST 1, 2024

The U.S. Equal Employment Opportunity Commission (EEOC) sued Missouri- based trucking company Transportation Management Group, doing business as Wilson Logistics, for violating federal law when it refused to hire a deaf job applicant because of his disability.

279

279

Insurance Journal

AUGUST 1, 2024

Massachusetts businesses with more than 25 employees must disclose salary ranges when posting jobs, under a new bill signed into law Wednesday that puts the commonwealth in line with 10 other states that already require pay transparency.

279

279

Frankenmuth Insurance

AUGUST 1, 2024

Did you know around 125,000 households experience gas leaks each year? Despite its daily importance for heating and cooking, gas can also pose serious safety hazards. That’s why it’s important to stay informed and proactive. Follow our expert-backed gas leak safety tips to protect your home and family. Recognizing the signs of a gas leak: Identify unusual odors.

Agents 78

Agents Insurance Agents Insurance Agent Building 78

Insurance Journal

AUGUST 1, 2024

BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at an agreed price of 5.1 billion euros ($5.50 billion), the euro zone’s biggest bank said on Thursday.

Insurance 277

Insurance Insurer Insured 277

Zywave

AUGUST 1, 2024

Simplify your quoting and proposal process with Excess & Surplus insurers all in one tool. Take a look at our latest carrier library as of August 2024.

Insurance 71

Insurance Insurer Insured Commercial 71

Insurance Journal

AUGUST 1, 2024

“Move fast and break things,” a high-tech mantra popularized 20 years ago by Facebook founder Mark Zuckerberg, was supposed to be a rallying cry for game-changing innovation.

Cyber 277

Cyber 277

Shield Insurance Agency

AUGUST 1, 2024

Shield Insurance Agency is Now Hiring a full-time Insurance Customer Service Rep and Account Manager for our main office in Hudsonville, Michigan. Job description: Insurance Customer Service Rep and Account Manager Job Type: Full-time Salary: Up to $50K per year to start Schedule: 8-hour shift Day shift Monday to Friday Supplemental pay types: Christmas bonus Carrier bonus Education: High school or equivalent (Preferred) P&C License is a big plus Experience: Customer service: 1 year (Require

Insurance Agency 52

Insurance Agency Insurance Insurer Insured 52

Insurance Journal

AUGUST 1, 2024

Potential initial public offerings by a slew of UK financial services firms could drive the next stage of Europe’s recovery after momentum in new listings slowed sharply.

275

275

Rough Notes

AUGUST 1, 2024

INSURANCE-RELATED COURT CASES Digested from case reports published online COURT DECISIONS Insurer can’t subrogate In 2014, C.H. Yarber Construction entered into an agreement with Profile Properties to lease property in Cheyenne, Wyoming. The leased property contained an office facility, two warehouses, and approximately three-and-a-half acres of fenced yard space encompassing the buildings.

Insurance 52

Insurance Insurer Insured Building 52

Insurance Journal

AUGUST 1, 2024

Eight years of litigation, multiple court opinions, and two deadlocked trials are enough.

274

274

Word & Brown

AUGUST 1, 2024

A Health Insurance broker – sometimes called an insurance agent – is a licensed professional who works with individuals and businesses to help them shop for and compare insurance policies. You can focus on Health and Life insurance or Property and Casualty (P+C) Insurance, or earn multiple licenses and offer a variety of coverage to your clients. Beyond sales, the life of an insurance broker includes service to customers after the sale related to claims, administration, and annual renewal.

Broker 52

Broker Insurance Broker Broker-Agent License 52

Insurance Journal

AUGUST 1, 2024

A report from Moody’s Ratings service contends that one good hurricane this year could wipe out the Florida Cat Fund’s reserves, potentially forcing it to place a small surcharge on Florida insurance premiums to finance more debt.

Premium 274

Premium Insurance Insurer Insured 274

Rough Notes

AUGUST 1, 2024

Using cognitive AI processes, CogniSure gives the insurance industry automated data structuring “[The AI platform can convert] 100-page loss runs into something that an underwriter or broker can make sense of within minutes without somebody manually keying.

Underwriter 40

Underwriter Underwriting Insurance Industry Insurance 40

Insurance Journal

AUGUST 1, 2024

The attorney general for Washington, D.C., sued StubHub on Wednesday, accusing the ticket resale platform of advertising deceptively low prices and then ramping up prices with extra fees.

Claim 264

Claim Protection 264

Rough Notes

AUGUST 1, 2024

Six tactics for giving feedback to the hypersensitive employee [G]eneration Z and millennials … are showing an increased tendency to hypersensitivity, [which] is defined as being triggered by feedback and reacting negatively to criticism. By Kimberly Paterson, CEC Steve is an experienced manager with an impressive track record for developing talent.

Insurer 40

Insurer Insured Insurance 40

Insurance Journal

AUGUST 1, 2024

GLOSTER, Miss. (AP) — This southern Mississippi town’s expansive wood pellet plant was so close to Shelia Mae Dobbins’ home that she sometimes heard company loudspeakers.

Property Damage 264

Property Damage Policy Property Insurance Damage 264

Rough Notes

AUGUST 1, 2024

Six tips for making artificial intelligence work where you do A virtual assistant based in AI … can be used to do tasks such as answering client emails or filing claims, and they are available 24/7.

Building 40

Building Claim Insurer Insured 40

Insurance Journal

AUGUST 1, 2024

Apple on Thursday asked a U.S. judge to dismiss a lawsuit by federal and state antitrust regulators accusing it of illegally monopolizing the smartphone market, saying the case would have a judge redesign its popular iPhone.

264

264

Rough Notes

AUGUST 1, 2024

Mastering active listening for unmatched success By truly hearing and understanding your clients, prospects, and underwriters, you build trust, enhance satisfaction, and pave the way for successful relationships. By Carolyn Smith, APR, TRA In the Beyond Insurance Trusted Risk Advisor certification program, the one topic that always sparks lively discussion is active listening.

Underwriter 40

Underwriter Underwriting Building Risk 40

Insurance Journal

AUGUST 1, 2024

Arch Insurance North America it has closed the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz.

Broker 264

Broker Insurance Insurer Insured 264

Rough Notes

AUGUST 1, 2024

Tooting the industry’s horn So, why the bad rap? …People don’t like what they don’t understand, and they don’t understand insurance.

Insurance 40

Insurance Insurer Insured Insurance Industry 40

Insurance Journal

AUGUST 1, 2024

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced the launch of its Active Cyber Insurance in Germany through its subsidiary, Coalition Insurance Solutions GmbH. Coalition’s offerings became available on Aug. 1, 2024.

Cyber 264

Cyber Insurance Insurer Insured 264

Rough Notes

AUGUST 1, 2024

Helping clients understand and manage risk Effective risk management isn’t just about checking boxes; it’s the backbone of resilience for businesses. It keeps their assets safe, their reputation intact, and their future bright.

Risk 40

Risk Insurance Insurer Insured 40

Insurance Journal

AUGUST 1, 2024

Geo Underwriting, the managing general agency and subsidiary of Ardonagh Advisory, announced it will acquire Navigators & General (N&G) from Zurich UK. Financial details of the deal were not disclosed.

Underwriter 264

Underwriter Underwriting Insurer Insured 264

Rough Notes

AUGUST 1, 2024

What’s holding you back? When you’re achieving good results, it’s tempting to not raise the bar on agency standards. By Roger Sitkins During our training and coaching sessions, I always ask participants if they are making more money than they expected.

Insurer 40

Insurer Insured Insurance 40

Insurance Journal

AUGUST 1, 2024

NEW ORLEANS (AP) — A storage tank spilled tens of thousands of gallons of crude oil in a southern Louisiana parish, threatening drinking water and wildlife as officials work to clean it up.

264

264

American Agents Alliance

AUGUST 1, 2024

Being accessible through social media is the most effective and efficient way for insurance agents to get noticed, establish connections, and sell policies. 1. Understanding Your Audience As the saying goes, the first rule of any successful salesperson is to know your audience. Insurance agents should do their homework and research their perfect client to understand about preferences but also, what is stopping people from inviting them into their lives and taking action.

Insurance Agent 40

Insurance Agent Insurance Agents Agents Insurance 40

Insurance Journal

AUGUST 1, 2024

A hacking group believed to be linked to the Chinese government stole passwords and documentsfrom a Taiwanese government-affiliated research center that specializes in computing, cybersecurity researchers at Cisco Systems Inc. said Thursday.

Cyber 264

Cyber 264

Elmore

AUGUST 1, 2024

French bank seeks greater scale for its investment business The post BNP Paribas in talks to buy Axa’s asset management arm for €5.1bn appeared first on Elmore Insurance Brokers.

Insurance Broker 40

Insurance Broker Broker Insurance Insurer 40