Wed.Aug 14, 2024

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McKinsey Sees AI Surge Boosting Consulting Amid Industry Slump

Insurance Journal

McKinsey & Co. is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of the technology helps the consulting titan and its peers boost revenue following a period of tumult.

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What Is Business Income Insurance?

Property Insurance Coverage Law

In the world of business, unforeseen events can disrupt operations and severely impact your financial stability. Fires, thefts, and other unexpected events can bring business to a halt, leading to significant revenue losses. That’s where business income insurance comes in. Business income insurance, also known as business interruption insurance, helps cover the loss of income … The post What Is Business Income Insurance?

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Can a Streaming Service Agreement Require Arbitration in a Food Allergy Death?

Insurance Journal

Florida property insurers considering the expanded use of binding arbitration to settle claims disputes may want to ponder a recent arbitration move by Walt Disney Parks and Resorts: An answer to a lawsuit against Disney, which has made headlines on …

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Valuables Insurance Coverage: Art Insurance Fire Claim Headed to Trial

Property Insurance Coverage Law

One of the more complex damage issues that must be addressed in all fire, smoke, and heat claims is the amount of damage to personal property in areas of a structure far away from the main fire. The collection of smoke, soot, and ash particles, as well as the ascertainment of heat, is always an … The post Valuables Insurance Coverage: Art Insurance Fire Claim Headed to Trial appeared first on Property Insurance Coverage Law Blog.

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Catastrophe Bond Issuance Is Set to Blast Through 2023 Record

Insurance Journal

Issuance of catastrophe bonds is on track to exceed the record set in 2023, as a cocktail of climate change, population density and inflation feeds growth in a market built around natural disasters.

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Blog Post: IP and Gen AI Technologies: Essential Guidance for In-House Counsel

LexisNexis

The proliferation of generative artificial intelligence (AI) technology has taken most of the oxygen out of the room in corporate offices. Virtually every major company has aggressively investigated how they can either develop Gen AI tools, implement Gen AI tools and/or protect themselves from the impact of commercially available Gen AI tools. For in-house counsel, the challenges are especially acute.

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What Challenges Will Social Security Present to the Soon-To-Be-Eligible?

American Senior Benefits

Greg Gelineau, CLTC ~Executive Vice President at American Senior Benefits/Integrity Marketing Group~ ??Top 1% LinkedIn voice /Coach and Business Consultant. #IndustryExpert/#LeadershipExpert/ August 13, 2024 Self-awareness is indeed a powerful tool that influences various aspects of our lives, from decision-making to relationship-building, and even to our overall happiness.

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North Dakota to Vote on Recreational Marijuana Legalization in November Election

Insurance Journal

BISMARCK, N.D. (AP) — A ballot initiative to legalize recreational marijuana in North Dakota has qualified for the November election, the state’s top election official said Monday.

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Choosing Auto Liability Limits: How much is enough?

Wren Insurance Agency

If you've ever worked with Wren Insurance Agency to secure auto insurance, you may have noticed that we quote bodily injury liability starting at $100,000 per person and $300,000 per accident (also known as "100/300 coverage"), while Florida only requires $10,000/$20,000 for this coverage. Why do we start at this amount vs. starting at Florida’s minimum requirement?

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AM Best Upgrades Medical Mutual Insurance Co. of Maine

Insurance Journal

AM Best has upgraded the Long-Term Issuer Credit Rating to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Medical Mutual Insurance Co. of Maine (MMIC).

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Blog Post: Moratorium on Homeowners’ Insurance Policy Cancellations in CA, LA Tackling High Insurance Rates & More

LexisNexis

CA Insurance Commissioner Orders Moratorium on Cancellations for Fire-Impacted Homeowners California Insurance Commissioner Ricardo Lara issued a one-year moratorium on the cancellation or non-renewal of residential insurance coverage for more than 185,000 policyholders impacted by recent major fires in the state. The moratorium shields homeowners within the perimeters or adjoining ZIP codes of the fires for one regardless of whether they suffered a loss. ( INSURANCE JOURNAL ) LA Addressing High

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Allstate to Sell Employer Voluntary Benefits Business to StanCorp for $2 Billion

Insurance Journal

Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory filing on Tuesday.

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95+ Disability Statistics And Disability Insurance Stats!

Simply Insurance

Discover over 95+ disability statistics and disability insurance statistics, disability labor force statistics, and general disability facts.

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Tornado Havoc Has Ohio Residents Facing Week-Long Power Cuts

Insurance Journal

Thousands of FirstEnergy Corp.’s customers in Ohio will potentially be without power through this after two tornadoes hit the northeastern part of the state last Tuesday.

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Navigating the Rules of Marketing Medicare Plans

PSM Brokerage

As an insurance agent, marketing Medicare plans requires not only a deep understanding of the products you offer but also a strict adherence to the regulations set forth by the Centers for Medicare & Medicaid Services (CMS). These rules are designed to protect Medicare beneficiaries and ensure that their choices are informed, fair, and free from pressure.

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Tropical Storm Ernesto Drenches Puerto Rico on Path Northward

Insurance Journal

Tropical Storm Ernesto pounded Puerto Rico with torrential rain and winds as it brushed by the island on a track that’s likely to see it become a hurricane later Wednesday.

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Momentum Member Spotlight Kristen Jungles

Your Journey With Jennie

Hear from Maintain Your Momentum member, Kristen Jungles, as she dives deep into her journey from a hesitant realtor to a top-producing powerhouse. Discover how focus, determination, and a strategic approach transformed her business. Learn valuable insights on lead generation, building a strong team, and cultivating a mindset for success. The Power of Jennie’s Playbook Kristen's journey to real estate success was ignited by a strategic decision to follow a proven playbook.

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People Moves: Accredited Taps SCOR’s McMurdo to Lead UK, European Operations; Aon Promotes Barcock to Lead Aviation Reins., Admiral Stavridis Appointed to Board

Insurance Journal

This edition of International People Moves details appointments at program manager Accredited UK & Europe and insurance broker Aon. A summary of these new hires follows here.

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Common Technological Hurdles for Seniors and How to Help

American Senior Benefits

Greg Gelineau, CLTC ~Executive Vice President at American Senior Benefits/Integrity Marketing Group~ ??Top 1% LinkedIn voice /Coach and Business Consultant. #IndustryExpert/#LeadershipExpert/ August 13, 2024 Self-awareness is indeed a powerful tool that influences various aspects of our lives, from decision-making to relationship-building, and even to our overall happiness.

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North Dakota Commissioner Urges Property Damage Assessment After Flash Floods

Insurance Journal

In the wake of flash flooding in the Bismarck-Mandan area, North Dakota Insurance Commissioner Jon Godfread is reminding residents to take immediate steps to assess and document any property damage and to review their insurance policies to understand what is …

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Remote Care Options for Seniors Seeking Insurance

American Senior Benefits

Greg Gelineau, CLTC ~Executive Vice President at American Senior Benefits/Integrity Marketing Group~ ??Top 1% LinkedIn voice /Coach and Business Consultant. #IndustryExpert/#LeadershipExpert/ August 13, 2024 Self-awareness is indeed a powerful tool that influences various aspects of our lives, from decision-making to relationship-building, and even to our overall happiness.

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Floods Threaten Europe as Searing Heat Gives Way to Storms

Insurance Journal

Extreme heat in parts of Spain and France is giving way to storms and flood warnings, while Greece is bracing for more blazes after the huge wildfire near Athens was brought under control.

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How to Help Your Clients Find the Best Policy With Rising Costs

American Senior Benefits

Greg Gelineau, CLTC ~Executive Vice President at American Senior Benefits/Integrity Marketing Group~ ??Top 1% LinkedIn voice /Coach and Business Consultant. #IndustryExpert/#LeadershipExpert/ August 13, 2024 Self-awareness is indeed a powerful tool that influences various aspects of our lives, from decision-making to relationship-building, and even to our overall happiness.

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Was July 2023 or July 2024 the Hottest Month on Record? Yes.

Insurance Journal

July saw record-breaking heat around the world, including the hottest day ever recorded and multiple national heat records. But whether it was the hottest month in history depends on who you ask.

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Insights Into Common Insurance Requirements Your Clients Need to Know

American Senior Benefits

Greg Gelineau, CLTC ~Executive Vice President at American Senior Benefits/Integrity Marketing Group~ ??Top 1% LinkedIn voice /Coach and Business Consultant. #IndustryExpert/#LeadershipExpert/ August 13, 2024 Self-awareness is indeed a powerful tool that influences various aspects of our lives, from decision-making to relationship-building, and even to our overall happiness.

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Russian Court Orders $1.2B of Linde UK Assets Be Frozen

Insurance Journal

A Russian court has ordered that assets worth around $1.15 billion of a British subsidiary of German industrial gases company Linde be frozen in a dispute over a gas processing plant, court filings showed on Wednesday.

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How to Help Your Clients Know When to Re-Assess Their Life Insurance

American Senior Benefits

Greg Gelineau, CLTC ~Executive Vice President at American Senior Benefits/Integrity Marketing Group~ ??Top 1% LinkedIn voice /Coach and Business Consultant. #IndustryExpert/#LeadershipExpert/ August 13, 2024 Self-awareness is indeed a powerful tool that influences various aspects of our lives, from decision-making to relationship-building, and even to our overall happiness.

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What Latest Inflation Report Shows Overall and for Auto Insurance, Medical Costs

Insurance Journal

The U.S. Bureau of Labor Statistics reported today that the Consumer Price Index (CPI) increased 0.2 percent in July, after declining 0.1 percent in June. Over the last 12 months, the all items index increased 2.9 percent.

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Top Life Insurance Mistakes Your Clients are Making

American Senior Benefits

Greg Gelineau, CLTC ~Executive Vice President at American Senior Benefits/Integrity Marketing Group~ ??Top 1% LinkedIn voice /Coach and Business Consultant. #IndustryExpert/#LeadershipExpert/ August 13, 2024 Self-awareness is indeed a powerful tool that influences various aspects of our lives, from decision-making to relationship-building, and even to our overall happiness.

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EY, KPMG Benefit Most From PwC China’s Regulatory Woes

Insurance Journal

Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled the market’s leading accounting firm as it faces a regulatory probe, filings show.

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How to Start Creating Great Insurance Website Blog Content

American Senior Benefits

Greg Gelineau, CLTC ~Executive Vice President at American Senior Benefits/Integrity Marketing Group~ ??Top 1% LinkedIn voice /Coach and Business Consultant. #IndustryExpert/#LeadershipExpert/ August 13, 2024 Self-awareness is indeed a powerful tool that influences various aspects of our lives, from decision-making to relationship-building, and even to our overall happiness.

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Federal Officials Investigating Natural Gas Explosion in Maryland That Killed 2

Insurance Journal

The National Transportation Safety Board, which has jurisdiction over pipelines, is investigating a natural gas explosion at a home in Bel Air, Maryland, that killed two people, the agency said Monday.

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How to Help Clients Ensure Their Claims Are Successful

American Senior Benefits

Greg Gelineau, CLTC ~Executive Vice President at American Senior Benefits/Integrity Marketing Group~ ??Top 1% LinkedIn voice /Coach and Business Consultant. #IndustryExpert/#LeadershipExpert/ August 13, 2024 Self-awareness is indeed a powerful tool that influences various aspects of our lives, from decision-making to relationship-building, and even to our overall happiness.

Claim 52
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Hurricane Ernesto Threatens Bermuda, Leaves Puerto Rico in Dark

Insurance Journal

Hurricane Ernesto took aim at Bermuda as almost half of Puerto Rico remained without power in the storm’s wake, the island’s fragile electric grid battered by high winds.

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