Fri.Feb 28, 2025

article thumbnail

Casualty Reinsurance Capacity Is Plentiful but Availability Crisis Could Be Looming

Insurance Journal

Reinsurers continued to provide ample casualty reinsurance capacity through the recent January 2025 renewal season despite concerns about adverse reserve development — however, an availability crisis could be looming, AM Best cautions.

article thumbnail

Fighting for Policyholder Rights: Florida Bad Faith Law

Property Insurance Coverage Law

When a hurricane damages your home, you expect your insurance company to play fair. But what happens when insurers undervalue claims, drag out disputes, and then hide behind new laws to avoid accountability? Thats precisely what happened in Cindy Vo v. Scottsdale Insurance Companya case that delivered a crucial victory for policyholders in Florida. A … The post Fighting for Policyholder Rights: Florida Bad Faith Law appeared first on Property Insurance Coverage Law Blog.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Markets/Coverages: MGA Pen Expands International Cover for UK Recruitment Agencies

Insurance Journal

Pen Underwriting, the London-based managing general agent, has expanded and enhanced its specialist insurance proposition for recruitment agencies, to support clients’ international growth strategies and help them respond to increasing legal liabilities arising from contractual complexities.

article thumbnail

Fighting for Policyholder Rights: Florida Bad Faith Law

Property Insurance Coverage Law

When a hurricane damages your home, you expect your insurance company to play fair. But what happens when insurers undervalue claims, drag out disputes, and then hide behind new laws to avoid accountability? Thats precisely what happened in Cindy Vo v. Scottsdale Insurance Companya case that delivered a crucial victory for policyholders in Florida. A … The post Fighting for Policyholder Rights: Florida Bad Faith Law appeared first on Property Insurance Coverage Law Blog.

article thumbnail

Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

article thumbnail

Energy Transer Fuel Leak in Pennsylvania Lasted 16 Months, PHMSA Says

Insurance Journal

A pipeline operated by Energy Transfer LP leaked jet fuel for at least 16 months, contaminating residential water wells in Pennsylvania, and the conduit may be at risk for further incidents, according to a preliminary investigation by regulators.

Risk 141

More Trending

article thumbnail

Lawsuit Alleges GM Illegally Sold Arkansans’ Driving Data to Insurance Companies

Insurance Journal

Arkansas Attorney General Tim Griffin sued General Motors and its subsidiary OnStar this week, alleging the car manufacturer deceived Arkansans by collecting and selling driver information to third parties, who then sold the data to insurance companies.

article thumbnail

50 Years and counting

Rough Notes

This Texas agency has grown from startup to one of the states largest independents By Dennis H.

article thumbnail

UK Sets Out Reforms to Address Failures in Grenfell Tower Fire

Insurance Journal

The UK set out a raft of reforms designed to improve building safety, as it aims to clamp down on failures that contributed to the Grenfell Tower fire.

Building 242
article thumbnail

What is a Loss History Report?

TGS

TGS Insurance Blog Imagine youve found your dream home. The price is right, the neighborhood is perfect, and everything looks great on the surface. But what if theres more to the story? What if that charming house has a history of costly water damage, roof issues, or even fire damage? This is where a loss history report comes inits like a propertys report card for past insurance claims.

article thumbnail

Take the Hassle Out of Claims Management

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

Trial Begins in Texas Pipeline Company’s Lawsuit Over Dakota Access Pipeline Protests

Insurance Journal

An attorney for a Texas pipeline company said Wednesday at trial that he will prove various Greenpeace entities coordinated delays and disruptions of a controversial oil pipeline’s construction in North Dakota, and defamed the company to its lenders.

236
236
article thumbnail

YOU CAN’T SELL WHAT YOU DON’T OWN

Rough Notes

Preventing producer-owned books of business from becoming an unexpected hurdle in the sale of an agency By Carey Wallace There is no question that the team is the most valuable asset inside any agency.

article thumbnail

People Moves: Faynberg to Head Chubb’s Healthy Paws; D’Onofrio Promoted to Global CUO of Ryan Specialty Underwriting Managers

Insurance Journal

Westchester, Chubb’s excess and surplus lines company, said Alex Faynberg was appointed to executive vice president and head of pet insurer Health Paws, effective March 3.

article thumbnail

IROQUOIS GROUP REBRANDS AS IRONPEAK

Rough Notes

Lessons learned from the multi-year name-change effort pulled from the independent agency networks past, present, and future By Maura C. Ciccarelli All company names have backstories. Choosing a new name balances not only the history and current story of the organization, but also where it will be in the future.

Insurer 59
article thumbnail

John Morgan Wants New Political Party, May Run for Governor of Florida

Insurance Journal

The man who has been as much of a litigation nemesis to Florida property and casualty insurers as anyone is launching a new political party and may even run for governor next year.

article thumbnail

Protect Your Adobe Oasis with Essential Home Insurance Tips in Michigan

Shield Insurance Agency

Learn how you can secure your Michigan home against unexpected perils like breaking winds, uncontrollable wildfires, and theft in the guide from Shield Insurance Agency below. Essential Home Insurance Tips for Your Adobe Oasis Create an Inventory The first step towards protecting your home and its contents is to create an inventory of your home’s interior and exterior.

article thumbnail

Boston’s Safety Insurance Show Fourth Quarter Profits

Insurance Journal

Safety Insurance Group Inc. (SAFT) on Tuesday reported profit of $8.1 million in its fourth quarter. On a per-share basis, the Boston-based company said it had net income of 55 cents.

Insurer 202
article thumbnail

SHARED INBOXES

Rough Notes

A modern solution for consistent client experience, collaboration and work-life balance By Michael Cruz In todays demanding insurance environment, maintaining consistent client experiences while creating a better work-life balance for employees can be challenging. After phone calls, email is one of the most challenging aspects an agency has to manage.

article thumbnail

Texas Lawmakers Introduce Legislation to Address Wildfire Risks and Ignition Sources

Insurance Journal

A year after devastating wildfires engulfed the Panhandle, killing three people and burning millions of acres, Texas lawmakers have filed a slate of legislation aimed at mitigating the risks and damage of future blazes. Three Republicans state Sen.

Risk 173
article thumbnail

AI BUILT FOR INSURANCE

Rough Notes

Customizable tech solution offers an opportunity to build a perfect employee By Christopher W. Cook In 2016, while they were students at Babson College near Boston, brothers Michael and Matthew Vega-Sanz built a peer-to-peer carsharing app, which included an infrastructure to insure the vehicles.

Insurer 52
article thumbnail

Resilience: Third-Party Risk Involved in 31% of Cyber Claims

Insurance Journal

More merger-and-acquisition activity and technology consolidation have given cyber hackers plenty of entry points to exploit, making third-party cyber risk a dominant driver of claims for Resilience in 2024.

Cyber 170
article thumbnail

TRAUMA AND CATASTROPHES

Rough Notes

Rooftop view of the Eaton fire from Koreatown, Los Angeles, California. Submerged van in the Swannanoa River near Biltmore Village after Hurricane Helene in Asheville, North Carolina. Recovery strategies for front-line insurance professionals and their customers By Maura C.

article thumbnail

Alabama Lawmakers Advance Bill Making it Harder to Sue Police for Excess Force

Insurance Journal

MONTGOMERY, Ala.

article thumbnail

Blog Post: ICE Will Pay You to Spy on.Well, Everyone

LexisNexis

ICE, Feb. 28, 2025 "The Department of Homeland Security (DHS), Immigration and Customs Enforcement (ICE), Office of Professional Responsibility (OPR), has a requirement for Internet Based Threat Risk Mitigation and Monitoring Services. Over the last two years, ICE has experienced an increased level of external threat activity directed towards its Senior leaders, personnel and facilities.

article thumbnail

ADDRESSING CYBER, REGULATION AND MORE

Rough Notes

A look atand response tothe emerging risks that could dominate 2025 By Lori Widmer This year will be the year of cyber exposure. That according to the 2025 Allianz Risk Barometer, which surveys global customers as well as brokers, trade organizations, underwriters, claims professionals, and risk consultants.

Cyber 52
article thumbnail

Frontline seals four-ship refinancing

Splash: Finance and Insurance

John Fredriksens Frontline has secured a fresh refinancing deal for four of its vessels.

Insurer 99
article thumbnail

WORKERS COMPENSATION

Rough Notes

Stability in the market brings its own challenges By Joseph S. Harrington, CPCU If youre allergic to excitement, there are two things you can do: watch grass grow or monitor recent changes in the operating results for workers compensation insurance. No news is good news, the saying goes.

article thumbnail

Blog Post: CBP "Deputizes" TX National Guard to Arrest, Detain Migrants

LexisNexis

Pursuant to a MOU dated Jan. 31, 2025 (original here ; annotated version here ) CBP has "officially deputized Texas National Guard soldiers under Title 8 today, granting them the authority to carry out immigration enforcement duties. Sixty soldiers from the Texas Military Department took the oath to support the U.S. Border Patrol in its mission to enforce immigration laws.

45
article thumbnail

How Do You Know What Commercial Insurance Products Your Business May Benefit From?

Paragon Independent Insurance Agencies

Owning a business means taking on risks, but the right insurance coverage can help safeguard your hard work. At Paragon Independent Insurance Agency, we provide businesses in the greater Plano, TX area with various commercial insurance products. We understand that every company has different needs. So, how do you determine which commercial insurance products will best protect your business?

article thumbnail

CONSISTENCY OR INTENSITY

Rough Notes

Whats the best way to get the results we want? [I]n the real world, especially among sales professionals, the quest for intensity often overrides the fundamental need for consistency. By Brent Kelly When it comes to getting results, which is more helpful: consistency or intensity? What really wins?

Insurer 59
article thumbnail

Before Buying Backyard Chickens

McMahon Insurance Agency

Egg prices have skyrocketed, and with them, an increased interest in backyard chickens. But before you acquire a flock, consider your liability risks and insurance coverage.

article thumbnail

Small Business Insurance Rates By State In America

Simply Insurance

Discover the average small business insurance rates by state. General liability, business owners insurance, workers comp insurance, and more.

article thumbnail

ANATOMY OF AN E&O CLAIM—PART II

Rough Notes

Real-world examples involving tenured employees No matter how experienced you are, you can still make mistakes . And newer employees simply dont have the institutional knowledge that grows from tenure in the position.

Claim 52