Insurance Journal
FEBRUARY 11, 2025
Mereo Advisors, a Bermuda-based firm chaired by former American International Group Inc. Chief Executive Officer Brian Duperreault, has secured more than $700 million to fund its new reinsurance operations.
Property Insurance Coverage Law
FEBRUARY 11, 2025
Will My Insurer Pay Me 100% of My Contents Claim After a Wildfire Loss? Californias Insurance Commissioner Thinks They Should Without an Inventory Experiencing the loss of your home and personal belongings in a wildfire is an unimaginable hardship. The devastation from a California wildfire property damage event can leave individuals struggling to rebuild their … The post What to Expect after a California Wildfire Property Damage Event appeared first on Property Insurance Coverage Law Blog
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Insurance Journal
FEBRUARY 11, 2025
California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers to cover claims from the Los Angeles wildfires.
Property Insurance Coverage Law
FEBRUARY 11, 2025
The conversation around insurance affordability often overlooks one crucial element: long-term structural resilience. The second issue overlooked is short-term cost.Why arent our leaders being honest with these issues? Are they afraid to speak about the elephant-in-the-room issues? While many leaders in the insurance community focus on cost-cutting and short-term fixes, it is essential to recognize … The post Are Leaders Supporting Insurance Affordability and Structural Resilience Honestly
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Insurance Journal
FEBRUARY 11, 2025
Wildfire Defense Insurance Services Inc. has launched wildfire only coverage for E&S commercial property in California. The product is available for a range of commercial property classes of business.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
FEBRUARY 11, 2025
The world may have already missed its chance to limit global warming to 1.5C, according to two new studies in Nature Climate Change.
PSM Brokerage
FEBRUARY 11, 2025
Expand Your Portfolio: Why Every Insurance Agent Should Offer Travel Medical Insurance Help Your Clients Travel with Confidence As an insurance professional, you work hard to ensure your clients are protected from the unexpected but what happens when they leave the country? Most health insurance plans dont cover medical expenses abroad , leaving travelers at risk of huge out-of-pocket costs if they need care while overseas.
Insurance Journal
FEBRUARY 11, 2025
A North Carolina insurance agent is awaiting a court appearance next week after he was charged with fraudulently taking out a life insurance policy with Southern Farm Bureau Life Insurance Co.
AMAXX
FEBRUARY 11, 2025
On occasion, work injuries arise for employees traveling in motor vehicles. As a general rule, workers compensation insurance is the primary insurance, which requires the claim team to investigate and make determinations regarding compensability and subrogation rights. Once these decisions are made, the individual claim holders must look for other factors regarding the nature and extent of injuries and avoid common pain points in their investigation.
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 Journal
FEBRUARY 11, 2025
ERWIN, Tenn. (AP) After 24 years of guiding whitewater trips on the Nolichucky River Gorge for other companies, Patrick Mannion finally received a permit last year to operate his own outfitter business.
Cowbell
FEBRUARY 11, 2025
Each year, Safer Internet Day encourages individuals and organizations around the world to recognize the importance of online safety. This year, Safer Internet Day is observed on February 11, 2025 and carries the theme Together for a better Internet.” This theme reminds us that collectively, everyone has a role in creating a safer, more secure online world.
Insurance Journal
FEBRUARY 11, 2025
Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires. The Travelers Companies Inc. announced Tuesday it will lose an estimated $1.
Distinguished
FEBRUARY 11, 2025
NEW YORK — Distinguished Programs (Distinguished), a leading insurance program administrator, has partnered with Johnsonese Brokerage LLC (Johnsonese) as the preferred insurance provider for New Music Chicago (NMC). This collaboration focuses on delivering insurance solutions for composers, performers, and ensembles, with an emphasis on protecting musical instruments and supporting the creative community.
Insurance Journal
FEBRUARY 11, 2025
This edition of International People Moves details appointments at the broker Marsh and the managing general agency Rokstone. A summary of these new hires follows here.
LexisNexis
FEBRUARY 11, 2025
CA Urges Insurers to Make Things Easier for LA Wildfire Victims California Insurance Commissioner Ricardo Lara (D) issued a notice to residential property insurance companies in the state urging them to go beyond their legal obligation and pay policyholders affected by the wildfires last month in Southern California 100% of their personal property coverage limits without requiring them to itemize everything they lost.
Insurance Journal
FEBRUARY 11, 2025
A potentially landmark ruling from the Florida Supreme Court, which liability insurers had hoped would greatly expand how much they can recover in subrogation actions, will have to wait for another day.
LexisNexis
FEBRUARY 11, 2025
Legislative Backlash Against AI Regulation A bill introduced in Montana ( SB 212 ) and a proposed constitutional amendment in New Hampshire ( CACR 6 ) would establish a right to compute, guaranteeing access to the hardware, software, networks and algorithms needed for developing artificial intelligence. The measures are part of a libertarian-oriented backlash against recent state efforts to regulate the use of AI. ( PLURIBUS NEWS , LEXISNEXIS STATE NET) Bitcoin Reserve Bill Introduced in MO A bi
Insurance Journal
FEBRUARY 11, 2025
Texas oil companies and regulators have waited years for federal permits that would allow those companies to suck carbon dioxide the largest contributor to climate change from the atmosphere and inject it underground.
LexisNexis
FEBRUARY 11, 2025
Dont miss out on insights that could transform your financial strategies! Review this new practice note by A&O Shearman providing guidance for lenders and borrowers entering into or considering recuring revenue-based financing. This practice note discusses the development of recurring revenue financing, the structure of recurring revenue financing as compared with cash flow financing, and recent trends in recurring revenue financing.
Insurance Journal
FEBRUARY 11, 2025
The acting chair of the U.S.
LexisNexis
FEBRUARY 11, 2025
More PBM Regulation Under Consideration in IA After passing pharmacy benefit manager regulations last year, Iowa lawmakers are considering a pair of bills ( HSB 99 and SSB 1074 ) that would require all prescription drug contracts to use a pass-through pricing model, in which PBMs charge employers, insurers or other plan sponsors the same amount the PBMs paid the supplying pharmacies, and PBMs are compensated only through administrative fees.
Insurance Journal
FEBRUARY 11, 2025
Municipal bonds sold by the state of Florida are poised to become much scarcer. That’s because Governor Ron DeSantis plans to pay down $1.
Distinguished
FEBRUARY 11, 2025
NEW YORK — Distinguished Programs (Distinguished), a leading insurance program administrator, has partnered with Johnsonese Brokerage LLC (Johnsonese) as the preferred insurance provider for New Music Chicago (NMC). This collaboration focuses on delivering insurance solutions for composers, performers, and ensembles, with an emphasis on protecting musical instruments and supporting the creative community.
Insurance Journal
FEBRUARY 11, 2025
The New York City Council’s transportation committee heard testimony Monday on a proposal to lower the Personal Injury Protection (PIP) insurance coverage requirement for for-hire drivers from $200,000 to $50,000 per person, aligning it with the state’s requirement for all …
Distinguished
FEBRUARY 11, 2025
NEW YORK — Distinguished Programs (Distinguished), a leading insurance program administrator, has partnered with Johnsonese Brokerage LLC (Johnsonese) as the preferred insurance provider for New Music Chicago (NMC). This collaboration focuses on delivering insurance solutions for composers, performers, and ensembles, with an emphasis on protecting musical instruments and supporting the creative community.
Insurance Journal
FEBRUARY 11, 2025
A section of a major New Jersey highway has been closed due to a sinkhole for the second time in less than two months. Crews are working to repair a sinkhole on the Eastbound side of Interstate 80 in Wharton.
Insurance Marine News
FEBRUARY 11, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US sanctions see Russias crude exports facing delays offloading (# appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 11, 2025
This post is part of a series sponsored by CoreLogic. The Los Angeles wildfires are now fully contained after weeks of burning.
Insurance Marine News
FEBRUARY 11, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Surging water caused barge to strike Mississippi River lock gate appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 11, 2025
Needham, Massachusetts-based Kaplansky Insurance Agency has been acquired by the national financial services firm Alera Group. This new partnership brings more than 100 agents to add to Alera Group’s property/casualty offerings in the Northeast.
Insurance Marine News
FEBRUARY 11, 2025
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post South Asian scrapyards keep market lead appeared first on Insurance Marine News.
Insurance Journal
FEBRUARY 11, 2025
CoVerica, headquartered in Dallas, appointed Mark Holland as president and CEO. Holland has over three decades of experience in the insurance and benefits industry. He entered the industry in 1994, focusing on worksite marketing, benefits communication and electronic enrollment.
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