Tue.Feb 04, 2025

article thumbnail

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.

article thumbnail

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.

Agents 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

240
240
article thumbnail

Final Expense Agent’s Guide to Understanding the Funeral Market

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. For insurance agents selling final expense policies , staying informed about the funeral industry and consumer trends is essential. The more you understand about how people are planning and paying for funerals, the better you can position final expense insurance as a solution for your clients.

Policy 130
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

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.

More Trending

article thumbnail

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.

Broker 217
article thumbnail

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

Damage 100
article thumbnail

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.

Insured 231
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

Marine 59
article thumbnail

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.

Broker 173
article thumbnail

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.

Marine 59
article thumbnail

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.

Risk 147
article thumbnail

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.

Marine 59
article thumbnail

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.

147
147
article thumbnail

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.

Marine 59
article thumbnail

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.

Marine 130
article thumbnail

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.

Marine 59
article thumbnail

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.

Insurance 130
article thumbnail

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.

Marine 59
article thumbnail

Investigators View ‘Expansive’ Impact of Medical Plane Crash in Philadelphia

Insurance Journal

The impact area where a medical transportation plane crashed in Philadelphia was notably “expansive,” U.S. Transportation Secretary Sean Duffy said Monday after viewing the site with investigators and city officials. Duffy said he was struck by “how expansive it was.

130
130
article thumbnail

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.

article thumbnail

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.

130
130
article thumbnail

MSA: To Submit or Not To Submit

New Jersey Workers' Comp

Recent updates from CMS introduce significant changes to the reporting and submission requirements for Medicare Set-Asides (MSAs), impacting all Responsible Reporting Entities (RREs). Understanding these changes is crucial to ensuring compliance and avoiding potential penalties. Two important dates to remember are April 4, 2025 and July 17, 2025. Effective April 4, 2025, all RRE will be required to report any WCMSA amount within the Total Payment Obligation to the claimant, even a zero-dollar al

article thumbnail

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.

Insured 130
article thumbnail

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.

License 52
article thumbnail

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.

Claim 130
article thumbnail

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.

Marine 52
article thumbnail

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.

article thumbnail

Germany’s indirect Russian LNG imports on the rise

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Germanys indirect Russian LNG imports on the rise appeared first on Insurance Marine News.

Marine 52
article thumbnail

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.

Damage 130
article thumbnail

Vessel Master, company, fined in Australia after high-speed crash

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Vessel Master, company, fined in Australia after high-speed crash appeared first on Insurance Marine News.

Marine 52