Tue.Mar 18, 2025

article thumbnail

Australian Pension Fund Fined A$10.5 Million for Greenwashing

Insurance Journal

Australian pension fund Active Super has been fined A$10.5 million ($6.7 million) for making a number of misrepresentations about its environmental, social and governance credentials amid a regulator push to stamp out greenwashing.

241
241
article thumbnail

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Property Insurance Coverage Law

Derek Chaiken and I visited a number of burned-out homes where our clients lived until the recent Los Angeles wildfires destroyed everything they owned. Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Small Plastic Pellets Wash Up on UK Shores After Ship Explosions

Insurance Journal

Small plastic pellets washed up on the east coast of the UK, a week after two ships collided in the country’s waters.

article thumbnail

Sell Your Insurance Agency and Maximize Your Earnings

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. We specialize in helping independent insurance agency owners navigate the complex process of selling their agency. Whether you are considering retirement, looking to capitalize on the market value of your agency, or exploring strategic mergers, our team of seasoned business brokers is committed to guiding you through every phase of the sales process.

article thumbnail

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

article thumbnail

Death Toll Rises from Unusually Vicious Storms in Midwest, Southern States

Insurance Journal

(AP) Unusually vicious and damaging weather across multiple U.S. states spawned violent tornadoes, blinding dust storms and fast-moving wildfires over the weekend, leaving at least 39 people dead.

Damage 165

More Trending

article thumbnail

Swiss Insurers Baloise, Helvetia Said to Explore Combination

Insurance Journal

Baloise Holding AG and Helvetia Holding AG have been exploring a possible combination that could create one of Switzerland’s largest insurers, according to people familiar with the matter.

Insured 147
article thumbnail

2 Common Mistakes In Workers’ Comp Doctor Selection

AMAXX

When a workplace injury occurs, selecting the right physician is a critical factor in ensuring a smooth recovery and return to work. However, employers frequently make two common mistakes when directing employees to medical care: blindly using the network and providing an invalid doctor list. These errors can have significant consequences, including prolonged recovery times, increased claims costs, and a greater likelihood of litigation.

article thumbnail

People Moves: Liberty Specialty Markets Promotes Unstad as Head of Nordics; BHSI Appoints Howe as Head of Claims, Australasia

Insurance Journal

This edition of International People Moves details appointments at Liberty Specialty Markets and Berkshire Hathaway Specialty Insurance. A summary of these executive hires follows here.

Claim 147
article thumbnail

Mistake: Accepting Every Workers’ Compensation Claim

AMAXX

Many companies operate under an unwritten rule: accept every workers compensation claim, no questions asked. While this may seem like the easiest path, its a costly and misguided approach that invites fraud, abuse, and a culture of entitlement. A well-managed workers compensation program should pay 100% of legitimate claimsand 0% of the claims that arent.

article thumbnail

Markets/Coverages: Rokstone Secures Property D&F Binder With Somers Syndicates

Insurance Journal

Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, announced it is expanding its property direct and facultative (D&F) portfolio with a new binder backed by Lloyd’s Somers Syndicates 3705 and 5423.

Insured 147
article thumbnail

Blog Post: Outside Counsel Guidelines Bolster Vendor Relationships

LexisNexis

To establish a robust partnership between your internal legal team and external legal counsel, a back-of-the-napkin understanding won't suffice. Clear outside counsel guidelines are essential to improve vendor performance and prevent misalignment on assigned work or critical matters. Essentially, outside counsel guidelines help allocate resources and billable work while reducing inefficiencies and expenses.

Policy 52
article thumbnail

Devastating Wildfires Destroy Hundreds of Homes Across Oklahoma and Texas

Insurance Journal

As Oklahomans assessed the devastation from wildfires that whipped across the state, damaging or destroying hundreds of homes, officials in both Oklahoma and Texas warned of an increased risk of fire danger in the coming week.

Damage 238
article thumbnail

Blog Post: Precision Matters: A Deep Dive Into Understanding Patent Claim Indefiniteness

LexisNexis

Explore a comprehensive review of the definiteness requirement for utility patent claims under 35 U.S.C. § 112(b). This practice note reviews indefiniteness statements of law that can be used in legal briefs, opinion letters, expert reports, and more. By addressing key aspects such as claim construction, the role of a person of ordinary skill in the art, and specific language considerations, this note equips readers with the knowledge to navigate the complexities of patent claim definitenes

Claim 40
article thumbnail

Vortex Hurricane Insurance Now Available in Hawaii

Insurance Journal

Parametric hurricane coverage provider Vortex Weather has expanded its supplemental hurricane insurance solutions to Hawaii. Vortex’s parametric hurricane coverage provides automatic payouts based on National Hurricane Center data. The company promises swift claims process, with no proof of loss required.

Insured 223
article thumbnail

Blog Post: Pharmacist-Provided Immunization and Vaccination State Law Survey

LexisNexis

This state law survey, covering the 50 U.S. states, the District of Columbia, and the U.S. Territories, addresses key topics related to the administration of vaccines and immunizations by pharmacists, including continuing education requirements, administration restrictions, administration to minors, and reporting requirements and opt-outs. Read now » Related Content Informed Consent for Clinical Trials Form Use this template as a starting point when drafting an informed consent for clinical

Risk 40
article thumbnail

Fourth Gang Member Sentenced for Thefts of Warhol, Pollock Art and Yogi Berra Rings

Insurance Journal

A Pennsylvania man who was part of a group that stole paintings by Andy Warhol and Jackson Pollock among other valuables was sentenced to eight years in federal prison after pleading guilty to theft of major artwork.

Theft 204
article thumbnail

Blog Post: “Magnum AI”? Artificial Intelligence and Workplace Investigations

LexisNexis

Do you need guidance on using artificial intelligence (AI) in workplace investigations? Read our newly published practice note, Artificial Intelligence (AI) and Workplace Investigations , by Vance O. Knapp, Kayla Panek, and Alen Samuel of Fisher & Phillips LLP. Read now » Related Content Workplace Investigation Resource Kit Find guidance on topics related to internal and external workplace investigations.

Policy 40
article thumbnail

Former Corrections Officer Going to Jail for Insurance Theft

Insurance Journal

A former state correctional officer from Baltimore has been sentenced in the Circuit Court for Baltimore County for felony theft of $25,000 to $100,000 and ordered to pay $50,251.66 in restitution, announced Attorney General Anthony G. Brown.

Theft 204
article thumbnail

Blog Post: De-SPAC Clause: Trust Account Representations

LexisNexis

Special purpose acquisition companies (SPAC) that raise funds through an initial public offering must hold those funds in a trust account. SPACs have no business operations, but the proceeds in the trust account are used for stockholder redemptions and funding the business combination transaction. Add this trust account representation to the SPAC representations and warranties to assure the target company there are no unauthorized withdrawals or misuse of trust funds.

Risk 40
article thumbnail

Tesla a Step Closer to Ride-Hailing With California Permit

Insurance Journal

Tesla Inc. was granted approval in California to begin carrying passengers in its vehicles as Elon Musk’s company takes steps toward offering ride-hailing services.

article thumbnail

Marine round-up : 19th March 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 19th March 2025 appeared first on Insurance Marine News.

Marine 52
article thumbnail

EEOC Targets 20 Big Law Firms With Demand for DEI Data

Insurance Journal

The head of the U.S. agency that enforces laws banning workplace discrimination on Monday warned 20 major law firms that their employment policies meant to boost diversity, equity and inclusion may be illegal. The letters from the U.S.

Policy 173
article thumbnail

Drug smuggling in Brazilian ports

Insurance Marine News

Brazilian ports have been experiencing significant levels of drug smuggling, particularly cocaine, as evidenced by numerous seizures in 2024 across various terminals, including Santos, Itaja and Rio de Janeiro. Traffickers employ a variety of concealment methods within vessels, including hidden compartments, containers, and even the ships structure itself.

Marine 52
article thumbnail

Teen’s Suicide Turns Mother Against Google, AI Chatbot Startup

Insurance Journal

Megan Garcia says her son would still be alive today if it weren’t for a chatbot urging the 14-year-old to take his own life.

165
165
article thumbnail

Abandoned shipwrecks pose safety risks in Fiji

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Abandoned shipwrecks pose safety risks in Fiji appeared first on Insurance Marine News.

Risk 52
article thumbnail

AM Best: US P/C Industry in 2024 Posts First Underwriting Profit in Four Years

Insurance Journal

For the first time in four years, the U.S. property/casualty industry will finish a year with an underwriting profit. AM Best today in a “First Look” at US P/C financial results said the industry left 2024 with a $22.

article thumbnail

Parsyl recruits Calligeros as head of cargo, North America

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Parsyl recruits Calligeros as head of cargo, North America appeared first on Insurance Marine News.

Marine 52
article thumbnail

US Releases $57M in Financing to Help Reopen Michigan Reactor

Insurance Journal

The U.S. Department of Energy said on Monday it has disbursed $57 million of an up to $1.52 billion loan guarantee for Holtec’s Palisades nuclear plant in Michigan, which the company hopes will be the first U.S.

article thumbnail

What is affected – the vessel or the port?

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post What is affected the vessel or the port? appeared first on Insurance Marine News.

Marine 52
article thumbnail

Kentucky Bill to Trim State OSHA Agency Powers Now on the Governor’s Desk

Insurance Journal

The National Council for Occupational Safety and Health, a non-profit advocacy group, is sounding the alarm about a Kentucky bill that was passed swiftly this month and is now on the governor’s desk.

article thumbnail

US could bar ships from countries seen to be creating maritime chokepoints

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US could bar ships from countries seen to be creating maritime chokepoints appeared first on Insurance Marine News.

Marine 52
article thumbnail

People Moves: Great Bay Insurance Names New Presidents

Insurance Journal

The Great Bay Insurance Group, headquartered in West Atlantic City, New Jersey, named Timothy J. Byrne, Jr., president of the group, and Ronald R. Lovatt as president of Great Bay Insurance Co., a wholly-owned affiliate of the group. Byrne Jr.

Insured 147
article thumbnail

Exact cause of RoRo ferry fire impossible to establish

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Exact cause of RoRo ferry fire impossible to establish appeared first on Insurance Marine News.

Marine 52