Tue.Dec 03, 2024

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FEMA Drops Hammer on Fort Myers Beach After Improper Rebuilding in Flood Area

Insurance Journal

Last spring, the Federal Emergency Management Agency jolted southwest Florida communities – most of which were still recovering from Hurricane Ian in 2022 – when it announced that the areas would lose their community discounts on flood insurance due to …

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Stay Informed: The Zelle Lonestar Lowdown – A Must-Read Newsletter for Property Insurance Professionals

Property Insurance Coverage Law

Steve Badger’s firm biography references a newsletter, The Zelle Lonestar Lowdown. For those battling insurance coverage issues in Texas, The Zelle Lonestar Lowdown offers invaluable monthly insights into Texas first-party property insurance law and claims. This newsletter, produced by a firm with deep roots in insurance litigation, provides critical updates that can make a difference … The post Stay Informed: The Zelle Lonestar Lowdown – A Must-Read Newsletter for Property Insurance Profe

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Hoboken Dealing With Ransomware Attack

Insurance Journal

The city of Hoboken, New Jersey has reported it was the victim of a ransomware attack in the early hours of last Wednesday, November 27.

Cyber 299
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Four reasons to not wait until January to enroll in an ACA health plan

Healthinsurance.org

Reasons to enroll in an ACA health plan by December 15? Delaying your enrollment might mean no coverage in January Delayed enrollment might mean missing out on free money If you’re auto-renewing your 2024 plan, you could be surprised on January 1 January out-of-pocket expenses won’t transfer to a plan that starts in February Open enrollment for 2025 individual/family health coverage began on November 1, 2024.

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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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E. Coli Outbreak Tied to McDonald’s Quarter Pounders Has Ended, CDC Says

Insurance Journal

The U.S. Centers for Disease Control and Prevention said on Tuesday that the E. coli outbreak linked to McDonald’s Quarter Pounder hamburgers is over and the investigation has been closed. As of Dec.

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High-Net-Worth Insureds’ Top Concerns: Climate, Collectibles and Cyber

Insurance Journal

A new report on emerging risks affecting wealthy households — those with assets of $500,000 to $5 million — highlights climate change, theft of collectibles and cybersecurity as top concerns.

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Nicolas Saverys in second attempt to take Exmar private

Splash: Finance and Insurance

Belgian shipowner Nicolas Saverys is planning to launch another voluntary and conditional public takeover bid for all shares in gas shipowner and infrastructure provider Exmar. Saverys’ investment vehicle Saverex would offer €11.5 in cash for each share it does not already own, a premium of 38.

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FTC Hits Pair of Data Brokers for Unlawfully Tracking and Selling Consumer Data

Insurance Journal

The Federal Trade Commission said it has issued an order prohibiting data brokers Mobilewalla and Gravy Analytics from selling consumer data without consent—including location information related to visits to healthcare facilities, places of worship, and participation in protests.

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Rising tariffs, trade barriers, are main concerns for supply chain leaders

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Rising tariffs, trade barriers, are main concerns for supply chain leaders appeared first on Insurance Marine News.

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Zurich Completes $600M Buy of AIG’s Travel Insurance Business

Insurance Journal

Zurich Insurance Group said Tuesday its acquisition of American International Group’s global personal travel insurance business is complete.

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Bulk carrier in reported allision in Galapagos Islands

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Bulk carrier in reported allision in Galapagos Islands appeared first on Insurance Marine News.

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Inigo Owners Said to Weigh Options for Lloyd’s of London Insurer

Insurance Journal

The owners of Inigo Ltd. are exploring options for the British specialist insurance group including a potential sale, according to people familiar with the matter. The shareholders, which include buyout firm JC Flowers & Co.

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What Is Dependent Life Insurance?

Simply Insurance

Dependent life insurance is a type of insurance policy that pays out for the death of a spouse, child, or other dependents. Usually offered at your job.

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US Official Fighting Chinese Telecom Intrusions Urges More Encryption

Insurance Journal

A senior U.S. official who is among those working to evict alleged Chinese hackers from American telecom companies has a word of advice for his fellow Americans: Use encryption.

Cyber 264
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Global shipping costs to remain high amid tariff threats, Red Sea challenges, says CMA CGM executive

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Global shipping costs to remain high amid tariff threats, Red Sea challenges, says CMA CGM executive appeared first on Insurance Marine News.

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Rising Sick Days Are Costing Europe Billions Every Year

Insurance Journal

Norway, illness is becoming an increasingly trying problem. Workers take more sick days than anywhere else in Europe and absences are at the highest level in 15 years.

Insurer 264
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Brazil grain barge shipping returns as Amazonian drought subsides

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Brazil grain barge shipping returns as Amazonian drought subsides appeared first on Insurance Marine News.

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People Moves: Liberty Mutual Names Orloff President, Global Risk Solutions N.A.

Insurance Journal

Liberty Mutual Insurance, headquartered in Boston, named Marc Orloff as president of Global Risk Solutions (GRS) North America, effective Jan. 1. Orloff will lead GRS North America’s financial and operational performance, which includes commercial and specialty businesses in the U.S.

Risk 264
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Insurance Producer Licensing Fees by State

PSM Brokerage

Navigating DOI Appointment Fees by State As an insurance agent, understanding the Department of Insurance (DOI) fees for licensing, exams, and renewals is crucial for managing your practice and budget effectively. With varying costs across states, having a clear reference can save you time and ensure compliance in the states you operate. Below, we’ve compiled a detailed chart of DOI appointment fees for all 50 states, including initial license fees, exam fees, and renewal fees.

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Despite IRS Scrutiny, Micro-Captives Growing Like Weeds in Hard Florida Market

Insurance Journal

Despite continued uncertainty over the future of federal tax rules on micro-captive insurance companies, the instruments seem to be increasingly popular for small businesses, especially in Florida, where rates for traditional commercial insurance have soared in recent years.

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London P&I Club outlook upgraded to Stable following improved operating performance

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post London P&I Club outlook upgraded to Stable following improved operating performance appeared first on Insurance Marine News.

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Italy to Require Companies Buy Insurance for Climate Risks

Insurance Journal

Starting Jan. 1, every company in Italy must buy insurance to protect its assets from floods, landslides and other natural hazards that have become more common thanks to global warming.

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The Key Factors That Influence Your Auto Premiums

Boyle Agency Insurance

Auto insurance rates vary from person to person and vehicle to vehicle. That’s because several factors influence the cost of auto insurance premiums. Understanding these can help you make informed decisions about your coverage and potentially save on your auto insurance. Driving Record Your driving record is one of the most significant factors affecting your auto insurance rates.

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California Teen Suspected of Being a Member of Scattered Spider Hacking Gang

Insurance Journal

An accused teenage hacker who was arrested last month in California is suspected of being a member of the notorious cybercrime group Scattered Spider, according to several people familiar with the matter. U.S. prosecutors charged Remington Ogletree on Oct.

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Up to 3,000 ships now in “the grey zone”

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Up to 3,000 ships now in “the grey zone” appeared first on Insurance Marine News.

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People Moves: Bertoldi Joins Alliant to Lead Litigation Insurance Practice

Insurance Journal

Jason Bertoldi has joined Alliant Insurance Services, headquartered in Irvine, California, as global team leader, litigation and contingent risk insurance. Bertoldi assists clients in obtaining bespoke contingent risk insurance policies and structuring transactions that incorporate insurance policies as investment collateral.

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JIF 2024: What’s In a Name? When It Comes to Legal System Abuse, A Lot

Triple-I: Homeowners Insurance

By Lewis Nibbelin, Contributing Writer, Triple-I From “social inflation” to “tort reform” to, simply, “fraud,” settling upon uniform terminology to describe litigation trends that drive up costs – including insurance premiums – for all Americans is a primary challenge to addressing them, according to participants at Triple-I’s 2024 Joint Industry Forum.

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Oklahoma Farm Fined $72K for Denying Workers Overtime Pay

Insurance Journal

The U.S.

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Eldorado Drilling seals $120m private placement

Splash: Finance and Insurance

Eldorado Drilling has secured fresh funds to back its offshore rig acquisition programme. The outfit backed by several high-profile investors has raised $120m via private placement with Fearnley Securities, Arctic Securities and SpareBank 1 Markets acting as joint bookrunners in the transaction.

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GM to Sell Stake in Michigan EV Battery Plant to LG Energy

Insurance Journal

General Motors Co.

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Marine round-up : 4th December 2024

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 : 4th December 2024 appeared first on Insurance Marine News.

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Brewery Managers Caught With Hands in Tip Jar, Says US Department of Labor

Insurance Journal

The U.S. Department of Labor’s Wage and Hour Division reports that it found Pennsylvania’s Sly Fox Brewing Co.

Claim 246
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NOAA sends out speeding letters

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post NOAA sends out speeding letters appeared first on Insurance Marine News.

Marine 52