Insurance Journal
AUGUST 6, 2024
Google illegally monopolized the search market through exclusive deals, a judge ruled Monday, handing the government a win in its first major antitrust case against a tech giant in more than two decades.
Property Insurance Coverage Law
AUGUST 6, 2024
Florida’s property insurance market is facing unprecedented challenges, leaving policyholders with inadequate coverage at significantly higher rates. The term “shrinkflation,” commonly associated with consumer goods, is now being used to describe a troubling trend in the insurance industry. Citizens Property Insurance, a major player in Florida’s insurance market, is at the forefront of this phenomenon, … The post Florida’s Property Insurance Market Is Worse Than Reported—Shrin
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Insurance Journal
AUGUST 6, 2024
Hurricane Debby left at least six people dead Monday along with widespread flooding in the same parts of Florida and Georgia that were swamped by Hurricane Idalia less than a year ago.
CDC: Workers Compensation
AUGUST 6, 2024
Few jobs are as essential as the ones that help to produce the food we eat, the clothes we wear, and many other products which get us through the day. From our morning coffee to a midnight snack, we benefit from the labor of farmworkers. The U.S employed approximately 2.6 million farmworkers in 2022 and contributed over $203 billion to the U.S. economy in 2023.
Insurance Journal
AUGUST 6, 2024
German prosecutors have charged another two former Wirecard executives, according to a statement from their Munich office on Tuesday, casting their net wider in investigations into one of Germany’s biggest corporate scandals. Wirecard collapsed in June 2020 over a 1.
Agency Revolution
AUGUST 6, 2024
Tsundoku is a Japanese word for the books you buy that either take up space around your home or are on your bookshelf to be read later. It could also refer to part of my decorating scheme. Summer tends to be the season in which I make the most progress on whittling down my tsundoku. It’s so easy to lose track of time with a good book and an equally good pool float; I can usually knock out 5 or 6 books during the course of the summer!
Insurance Journal
AUGUST 6, 2024
The Park Fire continues to slowly grow to 647 square miles, as thousands of firefighters continue to work to gain more control over the Northern California blaze, which is now the state’s fourth largest on record.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
AUGUST 6, 2024
HPM Insurance of Amherst, New Hampshire reports it has acquired Insurance Savers Agency, a personal and commercial lines agency with offices in the towns of Littleton and Thornton.
PSM Brokerage
AUGUST 6, 2024
GTL's Fill the Gaps Tool: The First Innovator. The Best Solution. GTL's Fill the Gaps Tool provides base benefits and rider options that you can tailor according to your client's needs. Simply select your client's Medicare Advantage Plan and GTL provides instant Hospital Indemnity Insurance coverage options to help fill the gaps! Watch How-To Video Access Fill the Gaps Tool on GTL's Agent Portal Not appointed with GTL?
Insurance Journal
AUGUST 6, 2024
Crest Insurance Group has acquired Scottsdale, Arizona-based Provost Associates. Provosts specializes in the hospitality industry, serving more than 200 high-end hotel properties and 900 golf properties.
Mark Jackson Insurance Agency
AUGUST 6, 2024
Couple wearing wedding rings by Deesha Chandra Starting a new journey together as newlyweds is an exciting time filled with hopes, dreams, and plans for the future. Amidst the whirlwind of changes, it’s crucial not to overlook the practical aspects of merging your lives, especially when it comes to insurance. Addressing your insurance needs as a married couple can ensure you’re both protected and can even save you money.
Insurance Journal
AUGUST 6, 2024
Nearly a third of existing carbon credits have failed to meet criteria for a new standard that aims to serve as the global benchmark for the voluntary carbon market, its board said on Tuesday.
Word & Brown
AUGUST 6, 2024
What Is Ancillary Insurance? Ancillary insurance coverage includes Dental, Vision, and Life as well as Accident, Critical Illness, Hospital Indemnity, Disability, and other secondary or health-supplemental coverage. Sometimes these are sponsored by an employer, sometimes they are entirely voluntary. The most recent BenefitsPRO/Eastbridge Consulting Group survey of Voluntary Benefits producers includes these key findings: -Many brokers reported higher sales in 2023 as compared to 2022.
Insurance Journal
AUGUST 6, 2024
GSK won the latest trial over claims that discontinued heartburn drug Zantac caused cancer, as a jury on Monday found that the drug was not responsible for an Illinois woman’s illness, a company spokesperson said.
Zywave
AUGUST 6, 2024
According to the Insurance Information Institute, global cyber premiums are expected to rise as high as $23 billion by 2025. Experts also expect that over half of the global written premium will be represented by US-based companies. Whether you’re already offering cyber insurance or thinking about expanding your lines of coverage, now is the time to start taking advantage of this rapidly growing market.
Insurance Journal
AUGUST 6, 2024
An El Paso, Texas contractor could have prevented a 37-year-old employee from suffering fatal injuries in February 2024 by following federally required safety standards to avoid trench collapses, the same failure for which the U.S.
McMahon Insurance Agency
AUGUST 6, 2024
Emergencies can strike without warning, and being prepared can significantly affect how you and your family handle unexpected situations.
Insurance Journal
AUGUST 6, 2024
The National Highway Traffic Safety Administration said on Monday it was seeking more information about an accident involving Tesla’s TSLA.O Cybertruck from the electric vehicle maker.
LexisNexis
AUGUST 6, 2024
Watch this new video explaining credit rating agencies, which provide an objective and analytical opinion on the risk of payment defaults by looking at various factors that help investors decide whether to invest in loans or securities. Read now » Related Content Credit Rating Process and Credit Rating Agencies Read this practice note discussing third-party credit rating agencies (CRAs) and credit ratings issued by CRAs.
Insurance Journal
AUGUST 6, 2024
The City of Columbus said an investigation into a July 18 cybersecurity incident has found that a foreign cyber threat actor attempted to disrupt the city’s IT infrastructure, in a possible effort to deploy ransomware and solicit a ransom payment …
LexisNexis
AUGUST 6, 2024
Tender offers are often utilized in public takeover bids as the only means to acquire majority ownership of a public company without the support of the target company’s board of directors Therefore, securing the support of key shareholders through written agreement is critical. A tender and support agreement outlines the key provisions that define the shareholder's obligations, including tendering their shares in response to the offer and voting in favor of the transaction.
Insurance Journal
AUGUST 6, 2024
Vermont is flooding. Not just yesterday, two weeks ago and a year before that, but experts say the state could see catastrophic events like these for the foreseeable future.
LexisNexis
AUGUST 6, 2024
In SEC v. Jarkesy , 144 S. Ct. 2117 (2024), the U.S. Supreme Court held that defendants in securities fraud actions involving civil penalties are entitled to a jury trial. The SEC until this point had been trying these cases before tribunals of administrative law judges and the shift to federal court will have a significant impact. Read this Client Alert Digest for an overview of the decision and links to law firm analyses of potential impacts.
Insurance Journal
AUGUST 6, 2024
Europe’s wildfire risks are extending as far north as the UK after a recent spell of hot weather. Parts of southeastern England, including areas around London, face high wildfire risks later this week, according to forecasts from Copernicus.
LexisNexis
AUGUST 6, 2024
The U.S. Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule on paycheck advance products. The rule suggests that paycheck advance products are consumer loans and, by definition, are subject to the Truth in Lending Act. Review this MLex article for a comprehensive analysis on this rule and the potential implications for institutions offering these products.
Insurance Journal
AUGUST 6, 2024
This edition of International People moves details appointments at Arch Insurance International and Price Forbes Singapore. A summary of these new hires follows here.
LexisNexis
AUGUST 6, 2024
Under the Corporate Transparency Act (CTA), U.S. and foreign companies authorized to do business in the United States are responsible for compliance with state, federal, or foreign data privacy and cybersecurity laws—and for ensuring that their service providers, vendors, and consultants comply as well. Find out what Reporting Companies should do now.
Insurance Journal
AUGUST 6, 2024
All major commercial lines premium renewal rates were higher in July than in June, except commercial property which decreased, according to the latest monthly Ivans Index.
LexisNexis
AUGUST 6, 2024
There was a great future in plastics when Dustin Hoffman was a mere Graduate receiving career advice in 1967, but in 2024 plastic pollution has become a key priority for lawmakers. Learn about the large amount of state per- and polyfluoroalkyl substances (PFAS) and plastics legislation that is in-process across the states in this article, including a State Net map depicting states’ approaches to plastics and PFAS.
Insurance Journal
AUGUST 6, 2024
The US Congress passed the Coastal Barrier Resources Act in 1982 to preserve relatively undeveloped waterfront areas as natural buffer zones. At least 1.
LexisNexis
AUGUST 6, 2024
Learn about initiating and responding to advertising challenges brought before the National Advertising Division of the Better Business Bureau. Read now » Related Content Advertising Regulation Fundamentals Read an overview of major sources of advertising and marketing regulation, including federal and state regulation, self-regulation via nonprofits, and industry/trade associations.
Insurance Journal
AUGUST 6, 2024
New Jersey officials are defending proposed building rules designed to limit damage from future storms and steadily rising seas in coastal areas, countering criticism that the state aims to force people away from the Jersey Shore by making it harder …
LexisNexis
AUGUST 6, 2024
We know that practicing in a law firm can at first seem more like the Hunger Games than the Olympic Games, and we’re here to help. Check out our new expert-authored practice note for six tips for new associates to become effective communicators at their firm. Our expert covers how to be proactive, communicate your work product, and develop traits that will lead to success at your law firm.
Insurance Journal
AUGUST 6, 2024
Summers in New York City are difficult for Anthony Gay and his family. A small, portable air conditioner in his bedroom is the only relief they have from soaring temperatures in their Brooklyn rental.
LexisNexis
AUGUST 6, 2024
It may be the dog days of summer, but the truth is that the sun isn’t always shining. Help your clients enhance their new solar energy projects by understanding the complexities and local laws related to the addition of battery storage. By helping your clients add industrial-scale storage capacity to their projects, or micro-storage capacity to local or residential projects, you can help them qualify for government funding and breeze through the interconnect process with local or regional utilit
Insurance Journal
AUGUST 6, 2024
They have combed the ashes for mementos, worried about where they would sleep, questioned their faith and tried to find a way to grieve amid the great, unsettling devastation.
LexisNexis
AUGUST 6, 2024
When ERISA was enacted on September 2, 1974, defined benefit pension plans were the predominant vehicle for providing retirement income to employees, offering investments managed by employers and offering participants (later their spouses, too) a fixed annuity for life. These retirement plans have declined in availability as many employer-sponsored pension plans have been terminated or frozen. 401(k) plans allow many employees to accumulate substantial retirement savings on a tax-favored basis.
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