Mon.Nov 04, 2024

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NFIP to Begin Taking Monthly Flood Insurance Payments

Insurance Journal

The National Flood Insurance Program will soon start to accept monthly payments for flood insurance premiums, ending 55 years of requiring full payment upon application or renewal.

Premium 279
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Public Adjusters Should Take the Time to Respectfully Address and Respond to the New Proposed Ethical Rule in Florida This Week

Property Insurance Coverage Law

I often see some in the property claims industry spouting off about something and regurgitating news on social media—and they are not in the game. They give no money, do not show up for the fight, and they give no time and work besides reposting work by others and criticizing them on the internet. Doug Quinn of … The post Public Adjusters Should Take the Time to Respectfully Address and Respond to the New Proposed Ethical Rule in Florida This Week appeared first on Property Insurance Cover

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Russia Suspected of Plotting to Send Incendiary Devices to US

Insurance Journal

European and US intelligence officials believe Russia is behind a plan that would ultimately place incendiary devices on planes to North America through air cargo shipments, according to people familiar with the matter.

Risk 264
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Boosting Dental Office Efficiency with Teledentistry | Solstice

Solstice Insurance Broker

As technology advances, dentistry is evolving alongside it. Dental offices are broadening their scope with the shift to a hybrid model of care. Teledentistry plays a crucial role in this transformation.

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Berkshire’s GEICO Turns in Strong Q3 but Overall Insurance UW Income Slips

Insurance Journal

Third quarter underwriting income with Berkshire Hathaway’s insurance insurance units fell about $1.7 billion to $750 million due to estimated losses of about $565 million from Hurricane Helene and increases in losses from prior year claims.

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Building a Strong Web Presence: Website Essentials for Retail Insurance Brokers and MGAs

Neilson Marketing Services

It can be difficult to wrap your arms around the intricacies of digital marketing. Many times, people default to what they know and understand — appearance. Your insurance website can look great, but it still may not do the job. Don’t just check the box. Your website is the gateway to your business. Many times, it’s going to determine who takes the next step, and you want to make sure you can be easily discovered by people who know you by name and those searching for solutions.

More Trending

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Maritime venture financing landscape mapped by Marine Money

Splash: Finance and Insurance

A new 12-page white paper from US-based Marine Money has mapped out today’s maritime venture financing landscape with the research clearly showing the limited number of funds that are solely dedicated to the maritime sector.

Marine 76
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NHTSA Closes Probe Into 411,000 Ford Vehicles Due to Loss of Power

Insurance Journal

The National Highway Traffic Safety Administration said on Monday it has closed a probe into 411,000 Ford SUVs and pickup trucks over a potentially defective engine that could lose power without warning. In July 2022, the U.S.

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NIOSH-developed Tools for Monitoring Respirable Crystalline Silica in the Mining Environment

CDC: Workers Compensation

Respirable crystalline silica (RCS), most commonly in the form of quartz, is a known health hazard in many industries. Exposure to RCS can lead to debilitating and incurable diseases. To minimize the risk of health effects associated with exposure, the Mine Safety and Health Administration (MSHA) released a final rule for lowering miners’ exposure to RCS in April 2024.

Risk 70
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Monarch E&S Acquires Texas’ Professional Insurance Executives

Insurance Journal

Monarch E&S Insurance Services (Monarch E&S), a division of Specialty Program Group LLC, announced its strategic acquisition of the assets of Professional Insurance Executives, Inc. (PIE), a leading contract binding/brokerage business located in Garland, Texas.

Insurer 264
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Standard Homeowners’ Insurance Policies Do Not Cover Flood Damage

Boyle Agency Insurance

Floods are natural disasters that can cause extensive damage to homes and properties, leaving homeowners with significant financial burdens. While standard homeowners’ insurance may cover certain perils, it often excludes floods. That’s where flood insurance comes in. Flood Facts: Widespread Impact Floods are the most common and widespread natural disaster in the United States.

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London Protesters Demand Water Companies Clean Up Sewage-Tainted Rivers

Insurance Journal

Holding signs with slogans including “stop the plop” and “species not feces,” thousands of people marched in London on Sunday to demand a cleanup of Britain’s sewage-clogged waterways.

Liability 264
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Blog Post: Supreme Court News (Nov. 4, 2024) - One Cert. Grant, One GVR

LexisNexis

From the Nov. 4, 2024 Order List : 1) Cert. granted in Riley v. Garland : "The petition for a writ of certiorari is granted limited to the questions presented by the respondent’s brief." QUESTIONS PRESENTED: 1. Whether the 30-day deadline in 8 U.S.C. 1252(b)(1) for filing a petition for review of an order [*2] of removal is jurisdictional. 2.

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Spain’s Floods to Cost Insurers More Than €1 Billion: Morningstar DBRS

Insurance Journal

Southern Spain’s devastating floods are expected to cost insurers well above €1 billion ($1.1 billion), given the significant damage to people, properties, vehicles and businesses as well as to the region’s agriculture sector, according to a commentary from Morningstar DBRS.

Damage 259
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Blog Post: Document Don’ts: Drafting Discovery Requests

LexisNexis

Want to ensure your discovery requests are not only FRCP-compliant but thorough and effective? Cue one of Practical Guidance Civil Litigation’s core documents on drafting and serving document requests, by Jim Wagstaffe. He’ll take you through the Rule 34 requests, drafting, formatting, proportionality, types of document requests, motions to compel … basically anything and everything you need to know.

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Texas Agency Seeks $100M to Tackle Well Blowouts

Insurance Journal

Unable to keep up with the growing number of leaking and erupting wells in the state’s oil fields, the Texas Railroad Commission, which regulates the state’s oil and gas industry, has asked lawmakers for an additional $100 million in emergency …

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Blog Post: Regulatory Due Diligence for Pharma Company Transactions

LexisNexis

This practice note discusses key legal and regulatory issues, questions to ask, and documents to review in due diligence for drug company transactions. Read now » Related Content Alternative Dispute Resolution Provisions in Life Sciences Agreements Understand whether and how to include ADR mechanisms in contracts for drug, medical device, biologics, and other life sciences transactions.

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AIG General Insurance Underwriting Profit Falls 28% in Q3

Insurance Journal

American International Group saw third quarter underwriting income in its general insurance segment fall 28% to $437 million due to higher catastrophe losses and lower favorable development on prior year reserves.

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Blog Post: Employee Share Purchase Plans: A Hidden Treasure?

LexisNexis

Publicly traded companies can offer their employees access to purchase employer stock on a discounted basis, using an employee stock purchase plan that complies with I.R.C. § 423. These plans are broad-based programs that, during an “offering period” (typically six months), collect after-tax contributions from participating employees and apply the money to buy discounted company stock on an identified date.

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Fire Closes Ohio River Bridge Near Cincinnati and Damges its Steel Structure

Insurance Journal

CINCINNATI (AP) — A massive fire underneath a bridge spanning the Ohio River closed a heavily traveled route between Cincinnati and northern Kentucky on Friday and damaged part of the steel structure. No injuries were reported.

Injury 246
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Blog Post: New Adversary Proceedings in Bankruptcy Presentation

LexisNexis

Teaching new associates about adversary proceedings in bankruptcy? We make it easy for you with guidance and ready-made PowerPoint slides. Read now » Related Content Adversary Proceedings Read this discussion of adversary proceedings commenced in a bankruptcy case. Adversary Proceeding Bankruptcy Rules and Federal Rules Comparison Chart Use this chart to understand the differences between the Federal Rules and the Bankruptcy Rules for adversary proceedings.

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Texas Jury Orders Bell Helicopter to Pay $16M in Trade-Secrets Case

Insurance Journal

FORT WORTH, Texas (AP) — A Texas jury ordered Bell Helicopter Textron to pay $16 million to a California company that claims Bell gave proprietary information that the companies developed to a rival supplier of cockpit display systems.

Claim 246
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Blog Post: Outbound Investment: Tax Consequences for U.S. Investors Acquiring Stock or Debt Instruments of Foreign Issuers

LexisNexis

In contrast to investing in domestic securities, differences for investing in foreign securities may apply due to the unique tax regimes applicable to foreign investments. These unique tax regimes include: rules that apply to controlled foreign corporations and passive foreign investment companies, the ability to use foreign tax credits to limit the amount of U.S. tax due on income that has already been taxed by a foreign jurisdiction, and the reporting rules that apply to foreign assets.

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Helicopter Pilot Was Talking With Air Traffic Controller at Time of Fatal Houston Crash

Insurance Journal

HOUSTON (AP) — A helicopter pilot was speaking with an air traffic controller in Houston when the aircraft crashed into a radio tower, killing all four people on board, according to a preliminary report by the National Transportation Safety Board.

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Blog Post: New Independent Contractors Resource Kit!

LexisNexis

Expand your understanding of the use of independent contractors in commercial agreements and transactions with access to practice notes, templates, checklists, and other content pertaining to independent contractors in the Commercial Transactions practice area. Read now » Related Content Independent Contractor Agreements: Major Negotiation, Drafting, and Legal Issues Learn about independent contractor status and how to draft and negotiate an independent contractor agreement.

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Hawaii Attorney General Probe into Deadly Wildfire Won’t Lead to Criminal Charges

Insurance Journal

An investigation by the Hawaii attorney general’s office into the deadliest U.S. wildfire in more than a century, which destroyed most of the historic town of Lahaina, won’t lead to any criminal charges.

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Blog Post: How To Avoid Liability When Using Cookie Consent Managers

LexisNexis

Organizations are inadvertently opening themselves up to new legal risks in their efforts to comply with consumer privacy laws. Simply implementing the required technologies isn't enough. Research shows that while most companies use some sort of cookie consent banner, 90% of these are not working as expected—they are either misconfigured, missing trackers like pixels, or unable to keep up with rapid changes at the browser level.

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Markets/Coverages: Marsh Offers Insurance to Manage Risks of Fake Carbon Credits

Insurance Journal

Marsh, the insurance broker and business of Marsh McLennan, has partnered with We2Sure, a specialist in insurance and risk management solutions for carbon credit certificates, to launch a new insurance facility to help organizations in the UK, EU, and US …

Risk 242
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Blog Post: Form 5500s and the Independent Audit: Does it Apply to your Employee Benefit Plan?

LexisNexis

Only administrators of an ERISA employee benefit plan with at least 100 account balances (100 eligible participants for plan years beginning before January 1, 2023) are required to engage an independent Qualified Public Accountant (IQPA) to provide an opinion on an employee benefit plan’s financial statement, which is required to be appended to the annual Form 5500 filing.

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French Families Sue TikTok Over Alleged Failure to Remove Harmful Content

Insurance Journal

Seven French families have filed a lawsuit against social media giant TikTok, accusing the platform of exposing their adolescent children to harmful content that led to two of them taking their own lives at 15, their lawyer said on Monday.

Liability 242
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Blog Post: New PPP State Law Comparison Tool!

LexisNexis

Check out the new Public-Private Partnership (PPP) Legislation State Law Comparison Tool. The Practical Guidance State Law Comparison Tool generates a chart with applicable state laws for the topics you select. The Public-Private Partnership Legislation topic compares state PPP legislation, including the types of projects that can be developed, the bidding process, and how bids are evaluated in each state.

Risk 40
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Grindr Used RTO to Thwart Union, Forcing Out Half of Staff, NLRB Alleges

Insurance Journal

Grindr Inc. illegally imposed a return-to-office policy last year that forced out half its staff in an attempt to thwart a unionization push, the US labor board alleged in a new complaint.

Policy 241
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Blog Post: Responding to Subpoenas for Financial Services Companies

LexisNexis

Does your institution have a procedure in place to respond to subpoenas? It’s important for financial service companies to have proper procedures in place to adequately manage the intake, gathering of documents or other data, and responding to subpoenas. Explore this content for a high-level overview of subpoenas and to review procedures for responding timely and appropriately.

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Malibu Retrofit at $300,000 Shows Limits of Wildfire-Prepping

Insurance Journal

Evelin Weber and her neighbors fled their Malibu homes as the deadly Woolsey Fire tore across the California coast in 2018. Ever since, haunted by fears of another blaze, she’s spent $300,000 on fireproofing her house.

Damage 241