Insurance Journal
AUGUST 4, 2024
By William Rabb Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with only moderate rate increases and more availability.
Property Insurance Coverage Law
AUGUST 4, 2024
Insurance policies protect you from the cost of replacing lost, damaged, or stolen items: or at least, that’s how they’re supposed to work. But what happens if your insurance company refuses to pay what you are owed? If you live in Florida, one of your options is to file a Civil Remedy Notice (or CRN) … The post Civil Remedy Notices – What Are They and What Do They Require?
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Insurance Journal
AUGUST 4, 2024
In today’s fast-paced insurance market where time is more precious than ever, the ability to streamline operations and offload routine tasks is invaluable. Communication and relationships remain at the heart of what makes independent agents successful.
Property Insurance Coverage Law
AUGUST 4, 2024
We started the 2024 wildfire season early this year on account of warmer than average temperatures in May and June on the heels of a wet winter and spring. We are well on our way to one million acres or more by the end of August. There are some critical factors this year to ponder … The post California Enters Wildfire Season Early and in the Midst of an Availability and Affordability Crisis appeared first on Property Insurance Coverage Law Blog.
Insurance Journal
AUGUST 4, 2024
TikTok was sued by the US for allegedly collecting data on children in violation of an online privacy act, three months after the popular video app sued the government over a law that could ban it across the country.
Splash: Finance and Insurance
AUGUST 4, 2024
Fund managers generally see shipping as a niche market and a small investment opportunity, which for Niels Hartmann, the chief executive officer and board member of the Hartmann Group and founding member of owner and shipping fund manager Pelagic Partners, is a distant and commercially blind position to take.
Insurance Journal
AUGUST 4, 2024
By Allen Laman Beset with massive rate increases, dramatic rejections of coverage, and severely dwindling market capacity, the current youth sports liability market is historically challenging, according to insurance professionals with expertise in the area.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
AUGUST 4, 2024
A Connecticut clinical social worker believes her homeowners insurer should defend and indemnify her against claims she violated patients’ privacy by accessing and sharing their private medical information.
American Agents Alliance
AUGUST 4, 2024
Learning effective sales techniques is critical as an independent insurance agent. These strategies will help you earn new customers and retain existing ones, but like any skill, you must practice it to maintain it. And it’s important to stay current with trends, like technology improvements, so you can be efficient while being as effective as possible.
Insurance Journal
AUGUST 4, 2024
Just as another potential hurricane bears down on Florida, the child of a central Florida woman is litigating a claim from a previous storm – Hurricane Ian in 2022.
Insurance Journal
AUGUST 4, 2024
National WTW appointed three former Aon executives to roles within its financial institutions and professional services industry division, a part of Corporate Risk and Broking (CRB) North America.
Insurance Journal
AUGUST 4, 2024
A U.S. regulator said on Wednesday it still believes that air bag inflators in 49 million U.S. vehicles assembled by 13 automakers pose serious safety risks and it is considering issuing a recall.
Insurance Journal
AUGUST 4, 2024
Insurers continue to grapple with elusive and ever changing cyber risks in the critical infrastructure sector, and Matthew McCabe, managing director for Guy Carpenter’s Cyber Center of Excellence, said he sees a three-party system emerging between insurers, policyholders, and the …
Insurance Journal
AUGUST 4, 2024
The toll of damage from recent flooding in Vermont exceeds $6 million, and the state is asking the federal government for help, officials said.
Insurance Journal
AUGUST 4, 2024
New Mexico Gov. Michelle Lujan Grisham has signed legislation that will provide $100 million in emergency aid to victims of recent wildfires and flooding in Lincoln County.
Insurance Journal
AUGUST 4, 2024
This year marks the 20th annual publication of Insurance Journal’s Top 100 Independent Agencies special report. Again, a large majority of firms in the Top 100 saw notable increases in total property/casualty revenue year-over-year.
Insurance Journal
AUGUST 4, 2024
Do owners really know which departments or lines of business are making money in their agency? What are small commercial accounts costing the agency? How can the agency make personal lines more profitable?
Insurance Journal
AUGUST 4, 2024
By Leah Douglas and Julie Steenhuysen Colorado workers who contracted bird flu were working during extreme heat and under large fans, factors that made wearing protective equipment difficult and potentially contributed to their infections, the U.S.
Insurance Journal
AUGUST 4, 2024
Pennsylvania lawmakers should consider granting homeowners tax breaks for water damage expenses, mitigation and repair costs, and flood insurance premiums, according to a new state report.
Insurance Journal
AUGUST 4, 2024
By Patrick Wraight The condominium building is an interesting form of owning property where an individual owns their unit, what is sometimes referred to as a box of air, and at the same time, becomes a part of the condominium …
Insurance Journal
AUGUST 4, 2024
Fremont, California-based contractor Superior Automatic Sprinkler Co. agreed to provide monetary and injunctive relief to a construction worker following an investigation by the U.S. Equal Employment Opportunity Commission.
Insurance Journal
AUGUST 4, 2024
As of July 1, home sellers in North Carolina must now disclose previous flood damage to properties. And come Oct. 1, Floridians must make similar disclosures, potentially boosting the demand for flood insurance.
Insurance Journal
AUGUST 4, 2024
I’m seeing more cases of carriers rescinding policies for application errors, fraud or outright lies (call it what you will) than I’ve ever seen, and these are situations when there is an errors and omission (E&O) claim against the agent.
Insurance Journal
AUGUST 4, 2024
By Andrew Simpson The Ohio city of East Cleveland must pay a $30 million jury verdict awarded to a man who police wrongly assaulted, arrested and detained, the state’s highest court has ordered.
Insurance Journal
AUGUST 4, 2024
A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time when advocates say coverage is difficult to afford or obtain. The Milford Street Association Captive Insurance Co.
Insurance Journal
AUGUST 4, 2024
By Andrew G. Simpson Progressive Insurance has agreed to a $48 million settlement with a class of 93,000 New York policyholders who claim the insurer underpaid their total loss claims on their vehicles.
Insurance Journal
AUGUST 4, 2024
By Ezra Amacher Insurers’ losses from Hurricane Beryl will be “low and readily absorbed” and the storm is not expected to change pricing conditions in the property/casualty and reinsurance sectors, Moody’s Ratings said.
Insurance Journal
AUGUST 4, 2024
Whether they own their own agency or not, an insurance producer is essentially an independent businessperson. Why? Because a producer’s income, as someone whose primary income is based on commissions, is largely up to the producer.
Insurance Journal
AUGUST 4, 2024
There’s something very human about attempting to master nature itself.
Insurance Journal
AUGUST 4, 2024
Had John’s Disposal Service Inc. and John’s Recycling Inc.
Insurance Journal
AUGUST 4, 2024
GC/General Contractor Workers’ Comp – High Risk Market Detail: HR and PEO Consultants offers high risk workers’ compensation programs for general contractors.
Insurance Journal
AUGUST 4, 2024
National Marsh McLennan Agency, The Horton Group Marsh McLennan Agency said it has a definite agreement to buy Illinois-based brokerage The Horton Group Inc. The deal is expected to close during the third quarter of 2024.
Insurance Journal
AUGUST 4, 2024
No Labor Cost Depreciations “As a consumer protection agency, DIFS works to ensure that consumers are protected from confusing or deceptive contract language.
Insurance Journal
AUGUST 4, 2024
By Jahna Jacobson The future is diverse and community is key. That’s the message from Ngozi Nnaji, founder and managing partner of Ako Insurance Consultants.
Insurance Journal
AUGUST 4, 2024
By L.S.
Insurance Journal
AUGUST 4, 2024
By Elizabeth Blosfield Law enforcement officials are continuing to investigate the July 13 shooting at a Butler, Pennsylvania, rally for former President Donald Trump’s 2024 election campaign.
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