Fri.Feb 07, 2025

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Crest Acquires Texas’ Horizon Insurance Services

Insurance Journal

Crest Insurance announced the acquisition Horizon Insurance Services, a full-service insurance agency based in Houston, Texas. The move marks Crest’s 20th office nationwide and its second in the state of Texas.

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Insurance Adjusters and Estimators—Do You Really Understand Construction Specifications? Learn From the Construction Specification Institute

Property Insurance Coverage Law

Steven Coombs is someone I would affectionally call a master insurance coverage nerd. He recently wrote an International Risk Management Institute n/k/a IRMI article, General Requirements versus General Conditions. He stated the following: Both general requirements and general conditions are indirect costs of construction but are essential to the overall execution of a construction project. … The post Insurance Adjusters and EstimatorsDo You Really Understand Construction Specifications?

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Ackman Backs Doctor as His Fight With UnitedHealth Escalates

Insurance Journal

Billionaire investor Bill Ackman pledged to cover the legal fees for a Texas doctor in a dispute with UnitedHealth Group Inc. over her claims that the company asked her to scrub out of an operation to justify a patient’s care.

Claim 245
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Insurance Adjusters and Estimators—Do You Really Understand Construction Specifications? Learn From the Construction Specification Institute

Property Insurance Coverage Law

Steven Coombs is someone I would affectionally call a master insurance coverage nerd. He recently wrote an International Risk Management Institute n/k/a IRMI article, General Requirements versus General Conditions. He stated the following: Both general requirements and general conditions are indirect costs of construction but are essential to the overall execution of a construction project. … The post Insurance Adjusters and EstimatorsDo You Really Understand Construction Specifications?

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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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AccuWeather: Elevated Risk of Mudslides at LA Wildfire Burn Scars From Coming Storm

Insurance Journal

Meteorologists are warning of an elevated risk of dangerous debris flows and destructive mudslides in Southern California next week in areas scorched by destructive Los Angeles wildfires.

Risk 243

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Russia Faces Impending Oil Tanker Crisis as Sanctions Pile Up: Bloomberg Oil Strategist

Insurance Journal

Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil strategist Julian Lee. On Jan. 10, the US Treasury sanctioned 161 oil tankers for their role in moving Russian oil.

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White Paper Marketing: Everything You Need to Know

Inbound Insurance Marketing

Your business to business (B2B) content marketing strategy should include white papers. White paper marketing can be a powerful lead-generation tool, and a smart way to showcase your companys thought leadership building authority and trust to help move your prospects through the sales funnel.

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People Moves: Willis Promotes Easton to Global Head of ART and Head of Western Europe, Risk & Analytics; Arch Insurance UK Division Promotes 4 Senior Leaders

Insurance Journal

This edition of International People Moves details appointments at Willis and Arch Insurance UK. A summary of these new hires follows here.

Risk 236
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Strengthening Your Business through Strategic Insurance Referral Partnerships

Protect Commercial Insurance

Introduction Running a business isn’t just about selling products or services; its also about building relationships and growing together. One way to strengthen your business is through strategic insurance referral partnerships. These partnerships can create a robust network that not only enhances your services but also boosts your credibility in the marketplace.

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Allstate to ‘Lean Into’ Turnaround in Auto Business, and Grow

Insurance Journal

Allstate’s plan to correct its auto insurance business has “restored profitability back to target levels,” said the insurer’s head of personal insurance.

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Keeping Up With Artificial Intelligence in Cyber Security

ProWriters

Cyber attacks loom larger than ever, and generative artificial intelligence (AI) is a major reason why. At the same time, AI makes improved risk assessment and protection against cyber threats possible. For both of these reasons, artificial intelligence is reshaping cyber security strategiesincluding Cyber Liability policies. No insurance broker or agent today can afford to ignore the presence of artificial intelligence in cyber security.

Cyber 53
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Avolon, BOC Settle Lawsuit Against Insurers Over Stranded Russian Jets

Insurance Journal

Avolon and BOC Aviation, two of the world’s largest aircraft lessors, have settled lawsuits in the Irish courts against insurers over jets stranded in Russia following Western sanctions in 2022, they said on Friday.

Insurance 200
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The Rising Cost of Litigation — Social Inflation and E&O Risk

American Agents Alliance

One of the most challenging and unpredictable issues facing the insurance industry lately is social inflation. This trend describes the phenomenon of unexpected rising insurance claim costs because of societal trends and views toward litigation. Increased litigation and higher jury awards are reshaping the landscape for many lines of business. Social inflation and E&O risks are connected as agents must manage policyholder expectations even as claims costs rise, premiums remain high, and deni

Risk 52
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Third-Party Attack Vectors Responsible for 59% of Insurance Breaches

Insurance Journal

A new report highlights how cybersecurity gaps threaten critical services and policyholder trust, according to SecurityScorecard.

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Insurer Stand-Alone Rating Engines Report by Celent

Zywave

Stand-alone rating engines are used for a variety of reasonsbut primarily to externalize the rates, rules, and logic associated with rating from the policy administration system (PAS) to create speed-to-market. This report provides an overview of the stand-alone rating engines available in North America for life and property and casualty insurance carriers.

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Hub Acquires Indiana’s Mayfield

Insurance Journal

Hub International announced that it has acquired the assets of Mayfield Insurance, Inc. (Mayfield Insurance). Terms of the transaction were not disclosed.

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ACA Health Insurance 101 Presentation

PSM Brokerage

Introducing ACA 101: A Turn-Key Presentation for Insurance Agents At PSM Brokerage , we understand that educating clients about the Affordable Care Act (ACA) can sometimes be overwhelming. Whether you're meeting with individuals, families, or small business owners, having a clear, professional, and engaging presentation can make all the difference. Thats why were excited to introduce our newest resource: ACA 101 a turn-key presentation designed to help you explain the essentials of ACA coverage

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Advisory Firm ISS Urges Apple Investors to Vote Against Scrapping Diversity Policies

Insurance Journal

Influential proxy advisory firm Institutional Shareholder Services recommended on Friday that Apple investors vote against a proposal to consider eliminating the iPhone maker’s diversity, equity and inclusion policies.

Policy 147
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Unlocking Growth: Innovating with Zywave’s Partner Platform

Zywave

Watch now

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Ahoy! Expands Boat Insurance to Boat-Filled Florida Market

Insurance Journal

Ahoy! Insurance, calling itself an insurance company built by boaters for boaters, has expanded into Florida, one of the world’s largest recreational boating markets.

Broker 147
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4 P’s of Insurance Copywriting

Inbound Insurance Marketing

I n business school, we all learned the four Ps of marketing: product, price, promotion, and place. But what about the four Ps of copywriting? Are they the same? Not at all.

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Valencia Floods Prompt Race for Funds to Boost Spain’s Climate Resilience

Insurance Journal

Spain is seeking European approval to repurpose more than a billion euros of post-pandemic recovery funds to make Valencia more resilient against climate change after the Mediterranean region suffered catastrophic heavy rains last year.

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Blog Post: Tumi Bags Visa Victory

LexisNexis

In Tumi v. Higgins , Vermont Federal District Judge Geoffrey W. Crawford ruled that USCIS' denial of Tumi's O-1A visa petition on behalf of famous designer Nicolas Baurain was arbitrary and capricious, and remanded. Hats off to superlitigator Jesse Bless !

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Texas Crisis Communications Specialist Sues Film Star Blake Lively for Defamation

Insurance Journal

A Texas crisis communications specialist has sued Blake Lively for defamation after the actor pulled him into her legal fight with co-star and director Justin Baldoni over their film, “It Ends With Us.

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[On-Demand] 5 Key Steps to Unlocking Faster Producer Validation

Zywave

[link]

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Wisconsin Couple Sues Over Son’s Death Linked to $500 Surge in Asthma Meds

Insurance Journal

A Wisconsin couple is suing Walgreens and a pharmacy benefits management company, alleging that their son died because he couldn’t afford a sudden $500 spike in his asthma medication.

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[On-Demand] 2024 Broker Services Survey Results and Takeaways

Zywave

[link]

Broker 40
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Britain’s L&G Sells US Protection Unit to Japanese Insurer for $2.3 Billion

Insurance Journal

Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.

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[On-Demand] Cyber Distribution in a Digital World

Zywave

[link]

Cyber 40
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Blog Post: Sirce Speaks: PM 25-20

LexisNexis

PM 25-20 - CANCELLATION OF DIRECTOR’S MEMORANDUM 23-02

Policy 40
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[On-Demand] Power Your Personal Lines Productivity: How Top-Notch Tech Can Prime Success

Zywave

[link]

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L&G to sell US business in move to slim down and hand cash to shareholders

Elmore

Japans Meiji Yasuda to also acquire 5% stake in UK insurer The post L&G to sell US business in move to slim down and hand cash to shareholders appeared first on Elmore Insurance Brokers.

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ACA Health Insurance Insurance 101 Presentation

PSM Brokerage

Introducing ACA 101: A Turn-Key Presentation for Insurance Agents At PSM Brokerage , we understand that educating clients about the Affordable Care Act (ACA) can sometimes be overwhelming. Whether you're meeting with individuals, families, or small business owners, having a clear, professional, and engaging presentation can make all the difference. Thats why were excited to introduce our newest resource: ACA 101 a turn-key presentation designed to help you explain the essentials of ACA coverage