Tue.Feb 04, 2025

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Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge

Insurance Journal

The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within the insurance industry, with technology serving as a cornerstone for many of these operations.

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Where Is the National Plan for Structural Resiliency? If there is to Be Available and Affordable Insurance, Then Property Has to Be More Resilient to Damage

Property Insurance Coverage Law

What is the comprehensive plan for structural resilience to natural disasters? Resilience extends beyond individual buildings and cities; it requires a regional and national approach to infrastructure development. Coordinated efforts between federal, state, and local governments create cohesive policies that address large-scale vulnerabilities. Stakeholders within the insurance industry have rightfully been calling for more leadership … The post Where Is the National Plan for Structural Re

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VIDEO: New York Ad Campaign Targets ‘Hidden Tax’ Driving Up Insurance Costs

Insurance Journal

A group calling for reforms to lower insurance costs across New York has launched its first ad.

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What is Vector One?

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. For insurance agents, managing chargebacks and financial obligations responsibly is a crucial part of building a successful career. One of the most significant consequences of unpaid debt in the insurance industry is being reported to Vector Onea reporting agency that tracks outstanding producer debt.

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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

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LA Wildfire Losses Seen as High as $164 Billion, UCLA Says

Insurance Journal

Economic losses from the fires that tore through Los Angeles County in January range from $95 billion to $164 billion, according to a new report, potentially making the blazes the second-costliest natural disaster in U.S. history.

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More Trending

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Texas Regulators Grapple With Plugging Leaky Abandoned Wells

Insurance Journal

In arid West Texas, water seeps and bubbles from old wells, sometimes carrying oil, brackish water or other pollutants to the surface.

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Homeowner Association Insurance: The Four Policies You Need

Central Insurance

Learn why Homeowner Association Insurance is essential, the key policies HOAs need, and how to protect your community. The post Homeowner Association Insurance: The Four Policies You Need appeared first on Central Insurance Blog.

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Orion180 Launches FLEX Home Insurance in Texas

Insurance Journal

Orion180 announced that its FLEX Home Insurance product is now available in Texas. Orion180 said that FLEX is designed to address the diverse needs of Texas homeowners, including those in high-risk areas prone to natural disasters like tornadoes and hailstorms.

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Final Expense Target Market

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. Final expense insurance serves a large and diverse market, primarily made up of individuals who want to ensure their loved ones are not burdened with funeral costs and other end-of-life expenses. Many people simply cannot afford a pre-paid funeral, do not want a funeral home controlling their trust, or are looking to protect their life savings.

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People Moves: AXA XL Hires Bakker for Environmental Post; Tokio Marine HCC Appoints Gaine Head of N.A. Distribution

Insurance Journal

AXA XL Hires Bakker as Head of Environmental Package Solutions, Middle Market, Americas AXA XL in the Americas hired Peter Bakker as head of environmental package solutions for the middle market in the Americas. Bakker is based in New York.

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9 Characteristics of Transitional Duty Assignments in Workers’ Comp

AMAXX

A structured Return-to-Work (RTW) program is one of the most effective ways to reduce workers’ compensation costs and improve employee recovery outcomes. Transitional duty assignments , a core component of RTW programs, allow injured employees to remain engaged in meaningful work while they recover. These assignments help businesses manage claims costs, reduce lost workdays, and maintain workforce productivity.

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WTW Reports Net Loss in 2024 With Organic Revenue Growth of 5%

Insurance Journal

WTW reported net Income for the fourth quarter of 2024 of $1.25 billion, compared to net income of $623 million in the same period in 2023.

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Oil tanker attacked last year crosses Red Sea

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Oil tanker attacked last year crosses Red Sea appeared first on Insurance Marine News.

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Generali to Remain in Charge of Investment Decisions in BPCE Deal, Won’t Cut Stake

Insurance Journal

Generali to remain in charge of decisions over how to allocate its own clients’ savings under the asset management deal with France’s BPCE, the insurer said, addressing concerns raised by Italy’s government and two leading investors.

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US State Secretary Rubio welcomes Panama decision to leave China’s “Belt And Road” plan

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US State Secretary Rubio welcomes Panama decision to leave Chinas Belt And Road plan appeared first on Insurance Marine News.

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California Food Distributor Settles False Claims Liability for Small Business Contracting Violations

Insurance Journal

The GS Foods Group Inc. in Ontario, California, agreed to pay more than $949,000 to settle allegations of False Claims Act violations related to small business contract bidding.

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Vessel remains stuck in Vigo after containers shifted in bad weather

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Vessel remains stuck in Vigo after containers shifted in bad weather appeared first on Insurance Marine News.

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Weinstein Wants Mangrove to Be Big Player in Florida, Focused on Mid-Market

Insurance Journal

Stephen Weinstein, a Harvard-trained lawyer, has spent more than two decades with Renaissance Re, as chief legal officer and executive vice president. He is now turning that experience to Mangrove Property Insurance, a startup insurer based in Florida.

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Protectionism and geopolitical tensions are major IUMI concerns

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Protectionism and geopolitical tensions are major IUMI concerns appeared first on Insurance Marine News.

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Ryan Specialty Completes Buy of Velocity Risk Underwriters

Insurance Journal

Specialty insurance provider Ryan Specialty reported it has completed the acquisition of Velocity Risk Underwriters, LLC from funds managed by Oaktree Capital Management, L.P.

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Port bridge in the Amazon collapses while world cruise is moored

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Port bridge in the Amazon collapses while world cruise is moored appeared first on Insurance Marine News.

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King Risk Partners Acquires Ohio’s Barker, Beck, Collins & Kronauge Agency

Insurance Journal

King Risk Partners announced the acquisition of Barker, Beck, Collins & Kronauge Agency (BBC&K), an independent insurance firm in Dayton, Ohio. BBC&K was founded in founded in 1923.

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Disciplinary charges possible in Greece after 2023 migrant shipwreck

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Disciplinary charges possible in Greece after 2023 migrant shipwreck appeared first on Insurance Marine News.

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Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 26% in 2024

Insurance Journal

The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6% from 2023. Members completed 146 acquisitions during the fourth quarter 2024. This was 11% less than a year ago.

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Flex LNG eyes Oslo Stock Exchange exit

Splash: Finance and Insurance

Flex LNG has set out to leave the Oslo Stock Exchange in favour of listing its shares solely in the US. The ystein Kalleklev-led company, backed by John Fredriksen, plans to present its plan for voluntary delisting from Oslo in May.

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Delaware Supreme Court May Have Made It Easier for Some Firms to Leave State

Insurance Journal

The Delaware Supreme Court on Tuesday issued a decision involving TripAdvisor that could make it easier for some companies to move out of the state, which is the corporate home for about two-thirds of the Fortune 500.

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Blog Post: AI in Litigation: Your Essential Tracker for Navigating New Legal Frontiers

LexisNexis

Stay updated on your judge's AI rules with our all-in-one tracker! This tool highlights rules and orders from courts and bar associations on using generative AI in litigation. It notes instances where guidance is provided without formal rules. Updated weekly, our tracker helps you stay compliant and adapt to the evolving legal standards in the AI era.

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Jupiter Launches $1M in Added Capacity Above FAIR Plan for California Homeowners

Insurance Journal

Jupiter Risk Services has launched its Jupiter Private Client Excess Homeowners Insurance (XS Homeowners), a property insurance product providing up to $1 million in additional capacity above the California FAIR Plan.

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Blog Post: Vendor Management Best Practices For Legal Operations

LexisNexis

Vendor management best practices vary from legal department to legal department. Regardless, the common threads among them all are to improve management of vendor relationships, manage legal spend and determine which vendors earn contracts. These, and other considerations in vendor management systems best practices, are crucial for legal departments and legal operations teams seeking to optimize the law department.

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Chicago Sued by White Men Barred From Bally’s Casino Investment

Insurance Journal

Bally’s Corp. and the City of Chicago were accused of discriminating against White men in a lawsuit by a conservative legal group challenging a $1.

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Inside Word & Brown’s Personalized Service: Helping Brokers Succeed

Word & Brown

Insurance broker success depends on many things. These include: 1) your ability to communicate with prospects and customers; 2) a focus on relationship building, establishing trust, and delivering top-notch customer service; 3) having access to a broad product and service portfolio from a roster of carriers, so you can address clients evolving needs; 4) in-depth knowledge of your portfolio; 5) a commitment to ethical conduct; 6) continuous education (on industry regulations, technology, and rela

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Boston Eyes Requiring Permits, Insurance for Major Food Delivery Apps and Their Drivers

Insurance Journal

Boston Mayor Michelle Wu has filed an ordinance with the City Council to require the largest food delivery apps such as DoorDash, UberEats, and GrubHub to obtain permits to operate within the city and provide proof of insurance.

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Marine round-up : 5th February 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 : 5th February 2025 appeared first on Insurance Marine News.

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