Insurance Journal
AUGUST 18, 2024
A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers.
Property Insurance Coverage Law
AUGUST 18, 2024
Many policyholders forget that their insurance policy is a contract and is subject, with exceptions, to the usual laws of contract. An issue that frequently arises is whether the named insured is able to assign insurance proceeds under the policy to another. The answer to that question is dependent on the type of coverage sought. … The post Insurance Policy Assignment Provisions: What They Are and When Insurers Have to Consent appeared first on Property Insurance Coverage Law Blog.
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Insurance Journal
AUGUST 18, 2024
Security leaders should be exercising every available option to upgrade their security posture, and cyber insurance policies could make or break the resiliency for many organizations across nearly all industries — K-12 education, retail, healthcare, manufacturing and more.
Property Insurance Coverage Law
AUGUST 18, 2024
Property damage insurance claims funding by factoring companies is a relatively recent phenomenon in the property insurance claims industry. The lawsuit between Insured Advocacy Group, LLC (IAG) and PCG Claims, LLC1 serves as an example of the challenges that insurance restoration firms and other associated companies in the property claims business may face.
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Insurance Journal
AUGUST 18, 2024
After losing two bids to recover $15 million from its insurer for costs related to its failed legal defense of its admissions policy, Harvard University has now failed in a bid to hold its insurance broker Marsh responsible.
Splash: Finance and Insurance
AUGUST 18, 2024
James Herbert, secretary-general of the International Salvage Union, writes for Splash today, emphasising the importance of the Lloyd’s Open Form. It is almost impossible to see a piece of corporate writing relating to any industry today without a reference to ESG.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
AUGUST 18, 2024
Ford Motor is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire, the National Highway Traffic Safety Administration said on Friday.
Insurance Journal
AUGUST 18, 2024
Analysis of 1.2 million workers’ compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. The data also shows first-year employees are still among those most vulnerable to injury.
Insurance Journal
AUGUST 18, 2024
How to Reach Out 1. Content Marketing. Use content marketing to stand out as an industry thought leader. Create informative and engaging content, such as blog posts, whitepapers, and e-books focused on industry trends and insurance tips.
Insurance Journal
AUGUST 18, 2024
The agency that runs New York City’s subway system is putting track workers at risk by failing to follow its own safety rules, federal authorities said in an audit issued this week.
Insurance Journal
AUGUST 18, 2024
Freeway Insurance, a division of Confie, a large personal lines agency and brokerage in the United States, has expanded with six new franchises in Florida, Georgia, Tennessee and California.
Insurance Journal
AUGUST 18, 2024
The best time to recruit is when you don’t have job openings. That motto reminds me to constantly work ahead, focusing on building pipelines and connecting with passive candidates.
Insurance Journal
AUGUST 18, 2024
Investigators with Florida’s Department of Financial Services last week charged a south Florida man with acting as a public adjuster without a license and defrauding policyholders of more than $34,000.
Insurance Journal
AUGUST 18, 2024
By Allen Laman A challenging legal arena, a continuing talent shortage and alternatives to traditional insurance products are three areas impacting nonprofits today, according to industry reports that recently shed light on headwinds yielding a cloudy outlook for many organizations.
Insurance Journal
AUGUST 18, 2024
Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index.
Insurance Journal
AUGUST 18, 2024
By Patrick Wraight A recent Insurance Journal article decried the state of insurance for churches and it’s mostly about their property insurance issues and we all know that the property insurance space has struggled in recent years, especially in storm-prone …
Insurance Journal
AUGUST 18, 2024
The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss in the previous year and the line’s worst underwriting results since at least 2000, according to a new AM Best report.
Insurance Journal
AUGUST 18, 2024
Can an agency built by a true salesperson transform into a firm with a business culture? Not with a salesperson still at the helm. Here’s some pop psychology based on knowing a thousand executives who began as salespeople.
Insurance Journal
AUGUST 18, 2024
By Susanne Sclafane S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S. P/C insurance industry overall in 2024, signifying a return to underwriting profitability for the first time since 2021.
Insurance Journal
AUGUST 18, 2024
By Chad Hemenway Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses, Guy Carpenter said the insured losses from the CrowdStrike outage is likely between $300 million and $1 …
Insurance Journal
AUGUST 18, 2024
The average price for directors & officers liability insurance decreased 5.2% per $1 million in limits in the second quarter, according to Aon Commercial Risk Solutions.
Insurance Journal
AUGUST 18, 2024
In the 1990s, I co-wrote a seminar with the late, great John Eubank, CPCU, ARM called “How to Battle an Adjuster … and Win Every Time!
Insurance Journal
AUGUST 18, 2024
By Allen Laman Robert Tyson believes the defense bar’s lawsuit approach is overdue for an overhaul. The U.S.
Insurance Journal
AUGUST 18, 2024
National Chubb has promoted Ana Robic and Ben Rockwell to senior vice presidents of Chubb Group. Robic currently is division president, North America personal risk services, and Rockwell is division president, North America middle market.
Insurance Journal
AUGUST 18, 2024
The Liberty Company named Erin Gaston managing director, entertainment and Alex Johnson vice president and producer. Gaston, who is based in California, previously served as managing director at Momentous Insurance Brokerage, a Marsh & McLennan Agency LLC.
Insurance Journal
AUGUST 18, 2024
Bankrupt hospital operator Steward Health Care received a bankruptcy judge’s approval on Friday to sell its nationwide physician network to a private equity buyer while its stalled efforts to sell Massachusetts hospitals caused the state to step in and seize …
Insurance Journal
AUGUST 18, 2024
Maine didn’t violate the U.S. constitutional rights of religious schools by requiring them to abide by the state’s antidiscrimination law to receive taxpayer-funded tuition assistance, a federal judge ruled.
Insurance Journal
AUGUST 18, 2024
Rokstone, part of the Aventum Group, appointed Laurence (Larry) Burrows as head of a new US Excess Casualty division.
Insurance Journal
AUGUST 18, 2024
Workers’ Compensation Programs Market Detail: Friedlander Group Inc. offers unique workers’ compensation programs that maximize clients’ productivity and profits.
Insurance Journal
AUGUST 18, 2024
‘Deeply Dedicated’ to DEI “Wells Fargo is deeply dedicated to diversity, equity and inclusion and does not tolerate discrimination in any part of our business.” — Wells Fargo said in a statement after U.S.
Insurance Journal
AUGUST 18, 2024
In the insurance industry, standing out is no longer just about having the best products. It involves a meticulous understanding of the market, continuous refinement of internal processes and marketing strategies, and a deep dive into competitors’ activities.
Insurance Journal
AUGUST 18, 2024
The year was 2016. New high net worth (HNW) insurance carriers were entering the market. Established underwriting operations had become a consistent source of profits for investors and parent companies.
Insurance Journal
AUGUST 18, 2024
By William Rabb International treaties preempt state-based legal actions, giving an air transport company an escape from claims on what a hemp producer said was botched paperwork for an overseas hemp shipment, a federal appeals court said.
Insurance Journal
AUGUST 18, 2024
Despite challenges posed by inflation, market volatility and rapidly changing technologies, independent agents remain positive about their businesses and report more optimistic perceptions of national business conditions this year than they did last year.
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