Tue.Nov 19, 2024

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Australia Hardware Chain Breached Privacy With Facial Recognition Tool, Regulator Says

Insurance Journal

Wesfarmers-owned Bunnings, the country’s biggest home improvement chain, breached the privacy of thousands of customers by using facial recognition technology without gaining consent, an Australian watchdog has found.

Cyber 296
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A Frank Discussion About Florida’s Insurance Crisis, Including Admissions About Why Current Claims Statistics Do Not Indicate the Sky Is Falling

Property Insurance Coverage Law

The truth about Florida’s property insurance market requires honest discussion, even when it means acknowledging valid points from all sides. However, this candor only reinforces the troubling reality facing Florida’s policyholders. I was reading an article, Insurance Organization CEO Michael Carlson Tackles Industry’s ‘Hot Topic’ in Florida, which stated in part: Reports that Florida carriers … The post A Frank Discussion About Florida’s Insurance Crisi

Claim 190
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Biden Requests $98.6 Billion in Emergency Disaster Aid Funds

Insurance Journal

President Joe Biden’s administration is seeking $98.6 billion in emergency disaster relief funding from Congress to address the devastation from recent back-to-back hurricanes that hammered the US southeast and left billions in damage.

Damage 290
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Blog Post: New Legal AI Ignited: LexisNexis Protégé agent for Microsoft 365 Copilot

LexisNexis

By Serena Wellen & Min Chen There’s an entirely new category of generative AI that’s rapidly emerging – with the express purpose of making your legal work easier and faster. If you haven’t already heard, there’s a new buzz about Microsoft Copilot agents. These are conversational AI assistants designed for Microsoft 365 Copilot, which harness the power of customized Large Language Models (LLMs), like ours at LexisNexis, to extend Microsoft 365 Copilot.

Agents 119
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New York City Issues First Drought Warning in 22 Years

Insurance Journal

New York City has issued its first drought warning in 22 years after months of little rain — and will restart the flow of drinking water from an out-of-service aqueduct as supplies run low.

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CDB Leasing offloads kamsarmax trio at auction

Splash: Finance and Insurance

CDB Leasing has been tied to a triple kamsarmax bulker sale through an auction. Multiple brokers report the Hong Kong-listed leasing unit of China Development Bank has offloaded the 2015-built CL Rizhao and the 2016-built CL Singapore and CL Tianjing for around $68.5m.

Broker 78

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Part 2 of 3: Overcoming Return-to-Work Challenges in Union Environments

AMAXX

The return-to-work ( return to work ) process is challenging under the best of circumstances. When union and non-union environments come into play, it introduces additional dynamics that require careful management and understanding. The key to successfully navigating these environments lies in building trust, ensuring dignity and respect, and understanding the different structures that affect decision-making.

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TWIA Board Reviews 2025 Budget After $455 Million Loss from Hurricane Beryl

Insurance Journal

The Texas Windstorm Insurance Association Board of Directors met last week to review information related to the agency’s 2025 budget. The meeting presented new information on TWIA losses from 2024 storms as projected policy growth in the coming year.

Policy 264
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Blog Post: International Students Contribute Record-breaking Level of Spending and 378,000 Jobs to the U.S. Economy

LexisNexis

NAFSA, Nov. 18, 2024 "NAFSA: Association of International Educators, in partnership with JB International, announced new data today that show that 1.1 million international students at U.S. colleges and universities contributed $43.8 billion to the U.S. economy during the 2023-2024 academic year and supported more than 378,000 jobs. The economic activity total is the highest amount ever calculated by NAFSA, eclipsing the high water mark of $41 billion in 2018-2019 academic year.

Policy 75
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More Logging Proposed to Help Curb Wildfires in Pacific Northwest

Insurance Journal

U.S. officials would allow increased logging on federal lands across the Pacific Northwest in the name of fighting wildfires and boosting rural economies under proposed changes to a sweeping forest management plan that’s been in place for three decades.

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Ship off Yemen reports missile landing nearby

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ship off Yemen reports missile landing nearby appeared first on Insurance Marine News.

Marine 52
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Massachusetts Police Charge Man With Intentionally Setting Brush Fires

Insurance Journal

A man was arrested on suspicion of intentionally setting brush fires in Massachusetts during a time of dry conditions that have led to blazes throughout the Northeast, police said Monday.

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EU widens sanctions on Iranian shipping firms

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post EU widens sanctions on Iranian shipping firms appeared first on Insurance Marine News.

Marine 52
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Flood Adaptation Preferable to Post-Disaster Rebuilding – And Helps With Insurability

Insurance Journal

Economic losses caused by natural catastrophes reached an estimated US$280 billion in 2023, with US$51.6 billion of that total due to floods, according to Swiss Re Institute.

Insurer 264
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Galaxy Leader – one whole year in captivity

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Galaxy Leader – one whole year in captivity appeared first on Insurance Marine News.

Marine 52
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Philadelphia Eagles Seek to Extend Covid-19 Business Insurance Bid Into Overtime

Insurance Journal

The Philadelphia Eagles football organization wants to force its case for Covid-19 business interruption insurance against insurer Factory Mutual Insurance Co. into overtime, arguing that its situation is unlike any other that already has been decided.

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Tips for Lowering Your Home Insurance Premiums Without Sacrificing Coverage

Leadsurance

How to Reduce Home Insurance Premiums without Compromising on Coverage Home insurance is many people’s key protector; it provides one with the needed cover once loss or damage occurs. For most people, it does not come rather cheaply. The good news is that one can reduce home insurance premiums without necessarily sacrificing the cover that you get.

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Senate Panel to Hold Hearing on Suspected Chinese Hacking Incidents

Insurance Journal

A U.S. Senate Judiciary subcommittee overseeing technology issues will hold a hearing Tuesday on Chinese hacking incidents, including a recent incident involving American telecom companies.

Cyber 262
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PROTECT YOUR MORTGAGE WITH NJ TERM LIFE INSURANCE

Boyle Agency Insurance

Various Types of Life Insurance Life Insurance for NJ individuals and families can be available in various forms. A good option for homeowners with a mortgage is Term Life Insurance in the form of Mortgage Protection Insurance. This kind of Term Life Insurance helps protect your home if you suffer a financial hardship. This may be due to a death in the family, a serious injury or illness, or a temporary loss of income.

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US Faces Growing Crisis Over High Traffic Deaths, NTSB Chair Says

Insurance Journal

The United States must address a growing public-health crisis over traffic deaths that remain significantly higher than pre-pandemic levels, the head of the National Transportation Safety Board said on Tuesday. “Unlike most developed nations, U.S.

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Resources for Insurance Agents

PSM Brokerage

Helpful Resources to Help Grow Your Insurance Practice As an insurance agent, navigating the complexities of the industry can feel overwhelming at times. Between staying compliant, generating leads, marketing effectively, and closing sales, it can seem like you’re wearing all the hats in your business. That’s where having a trusted partner makes all the difference.

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Guy Carpenter to Acquire Athens-Based Reinsurance Broker Carpenter Turner

Insurance Journal

Guy Carpenter, the reinsurance specialist and a business of Marsh McLennan, announced it has entered into an agreement to acquire the remaining 51.5% of shares of Carpenter Turner, an Athens-based regional leader in the reinsurance broking and advisory business.

Broker 244
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Comprehensive Agent Guide for Medicare Compliance

PSM Brokerage

Compliance is the backbone of a successful Medicare sales career. It's what protects your clients, your business, and your reputation. Yet, staying compliant can sometimes feel like navigating a minefield of rules and regulations. Fear not—this guide combines practical best practices with the latest updates to help you stay on the right side of the Centers for Medicare & Medicaid Services (CMS) while growing your Medicare business.

Agents 52
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AM Best Assigns Ratings to New York Healthcare Workers’ Compensation Carrier

Insurance Journal

AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) to Standard and Preferred Insurance Co. of Kew Gardens, New York. The outlook assigned to these ratings is stable.

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Guidelines to develop and implement a safety management system for alternative fuels on board ships

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Guidelines to develop and implement a safety management system for alternative fuels on board ships appeared first on Insurance Marine News.

Marine 52
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Ford Faces Two Recall Probes as Carmaker Combats Quality Woes

Insurance Journal

US auto safety regulators are probing two recent recalls by Ford Motor Co. as the carmaker struggles to contain quality lapses in its vehicles.

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The complications of arbitration enforcement under US law

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post The complications of arbitration enforcement under US law appeared first on Insurance Marine News.

Marine 52
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Facebook Users Affected by Data Breach Eligible for Compensation: German Court

Insurance Journal

A German court said on Monday that Facebook users whose data was illegally obtained in 2018 and 2019 were eligible for compensation.

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Russian SAR vessel escorted away from Irish waters

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian SAR vessel escorted away from Irish waters appeared first on Insurance Marine News.

Marine 52
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US High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood

Insurance Journal

Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S.

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German LNG Terminal rejects vessel carrying Russian LNG

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post German LNG Terminal rejects vessel carrying Russian LNG appeared first on Insurance Marine News.

Marine 52
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People Moves: Great American Insurance Group Promotes Gambrell to Divisional President, Excess Liability

Insurance Journal

Great American Insurance Group, headquartered in Cincinnati, promoted Todd D. Gambrell to divisional president, excess liability, effective Jan.1, 2025. Gambrell will succeed John V. Bracca, who will retire in January after more than 30 years of service.

Liability 259
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Alchemy Underwriting enters marine space, recruits Wilkie, report

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Alchemy Underwriting enters marine space, recruits Wilkie, report appeared first on Insurance Marine News.

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Hydrogen Wildcatters Are Betting Big on Kansas to Strike It Rich

Insurance Journal

A new Gold Rush is taking shape on a quiet stretch of Kansas prairie.

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