Wells Fargo Says It’s Quitting Climate-Banking Group
Insurance Journal
DECEMBER 22, 2024
Wells Fargo & Co. said it’s leaving the world’s biggest climate alliance for banks, in the latest sign that Wall Street is breaking away from such groups.
Sun.Dec 22, 2024
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Coverage Lessons Public Adjusters Should Learn from the Vultures Case
Property Insurance Coverage Law
DECEMBER 22, 2024
Want to learn how to argue for coverage? Sometimes, lessons can be learned from cases that do not end favorably for the policyholder. Yesterdays post, When Vultures Circle, Coverage Can Be a Hard Bird to Land, is one example of a case where an excellent public adjuster and attorney took two steps every public adjuster … The post Coverage Lessons Public Adjusters Should Learn from the Vultures Case appeared first on Property Insurance Coverage Law Blog.
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Losses From Crypto Hacks Jump to $2.2B in 2024, Report Says
Insurance Journal
DECEMBER 22, 2024
Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday.
What is Dividend Paying Whole Life Insurance?
The Insurance Pro
DECEMBER 22, 2024
As its name implies, dividend paying whole life insurance is a form of whole life insurance that earns a dividend. The official insurance term used to identify a dividend paying whole life policy is “participating” because the policy participates in the divisible surplus (i.e. profits) of the insurance company. The alternative to a dividend paying.
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Military Contractor to Pay $426K for Using Foreign Parts in Products
Insurance Journal
DECEMBER 22, 2024
A Vermont military contractor will pay nearly half a million dollars to settle allegations that it used some foreign-sourced materials in certain protective eyewear it sold when it was required to use all domestic parts, according to the office of …
Hub Acquires Great Basin Insurance in Oregon
Insurance Journal
DECEMBER 22, 2024
Hub International Ltd. acquired the assets of Great Basin Insurance Inc. Agency Partners Dana Loreman and Bill Gilmore Jr., and the Great Basin Insurance team, will join Hub Northwest.
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Kentucky Supreme Court Overturns Escape Clause Meaning, Affirms Roof Collapse
Insurance Journal
DECEMBER 22, 2024
Two Kentucky Supreme Court rulings handed down last week emphasize how important it can be to have clearly worded insurance policies, including exclusions and excess and escape clauses, particularly in high-dollar commercial coverage. In Motorists Mutual Insurance Co. vs.
Cargo Theft Surges as Holiday Season Approaches, Verisk Says
Insurance Journal
DECEMBER 22, 2024
Be on the lookout for Grinch-like characters hanging out at transportation hubs over the holidays. A CargoNet analysis of holiday-period theft data from the past five years shows a heightened risk during the Christmas and New Year periods.
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