Sun.Jan 26, 2025

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Pirates Invade Tampa! Is an Invasion Covered Under a Commercial Insurance Policy?

Property Insurance Coverage Law

It was Gasparilla Day in Tampa yesterday. I wrote about this invasion by pirates last year in Is There Coverage For Pirates? Chip Merlin and His Friends Plunder Tampa on Gasparilla Day! where I gave a short explanation of the day: Tampas Mayor refused to hand over the keys to the city on Tuesday to … The post Pirates Invade Tampa! Is an Invasion Covered Under a Commercial Insurance Policy?

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Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’

Insurance Journal

By L.S. Howard Insurers saw the third most expensive year for natural catastrophe losses in 2024 — reaching a total of $140 billion — as climate change “is showing its claws,” according to Munich Re.

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ITOPF says tanker oil spills have largely stabilized at a low level

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post ITOPF says tanker oil spills have largely stabilized at a low level appeared first on Insurance Marine News.

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Ameren Missouri to Pay $61M Over Emission Violations

Insurance Journal

The U.S.

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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.

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Special campaign in China on enclosed space entry

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Special campaign in China on enclosed space entry appeared first on Insurance Marine News.

Marine 52

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Fire on oil platform in the Adriatic is extinguished quickly

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Fire on oil platform in the Adriatic is extinguished quickly appeared first on Insurance Marine News.

Marine 52
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Lessons From 2024’s Extreme Weather Events

Insurance Journal

The year 2024 will be remembered as a defining moment in the history of weather-related catastrophes. From unprecedented heatwaves to catastrophic floods, the devastating effects of extreme weather patterns left no corner of the globe untouched.

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Crew say they are “exasperated” as vessel waits in Lake Erie ice for USCG rescue

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Crew say they are exasperated as vessel waits in Lake Erie ice for USCG rescue appeared first on Insurance Marine News.

Marine 52
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Maryland Man Convicted in $20 Million Insurance Fraud Scheme

Insurance Journal

A federal jury last week convicted a Maryland man for conspiracy to commit insurance fraud, money laundering, filing false tax returns and identity theft, according to the office of U.S. Attorney for the district of Maryland.

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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

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Laden Russian tanker loses power in stormy Bay of Biscay

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Laden Russian tanker loses power in stormy Bay of Biscay appeared first on Insurance Marine News.

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Lawsuit Filed Against City of New Orleans Over Fatal Truck Attack

Insurance Journal

By Martha Bellisle Six people who were injured and the father of a man who was killed in the New Year’s truck attack have filed a lawsuit against the City of New Orleans and two contractors, claiming they failed to …

Claim 246
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Russia denies threatening undersea cables in UK waters

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russia denies threatening undersea cables in UK waters appeared first on Insurance Marine News.

Marine 52
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Commercial Property Market Stabilizing, With Ample Capacity: USI

Insurance Journal

The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, according to USI Insurance Services’ 2025 Commercial Property & Casualty Market Outlook.

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Maersk not returning to the Gulf of Aden, for now

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Maersk not returning to the Gulf of Aden, for now appeared first on Insurance Marine News.

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Big Recruiting Challenges Ahead for Insurance Agencies in 2025

Insurance Journal

Have you felt like hiring and recruiting has been harder lately? It’s tough to find good candidates. People seem less committed to the process. There’s more competition with offers.

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New “one-stop shop” from NorthStandard for smaller and specialist vessels

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New one-stop shop from NorthStandard for smaller and specialist vessels appeared first on Insurance Marine News.

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Settlements Eclipse $40 Billion in 2024 as PFAS, Reverse Discrimination Claims Emerge

Insurance Journal

By Chad Hemenway Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400 cases by law firm Duane Morris. Gerald L.

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US State Department: Galaxy Leader remains stolen property

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US State Department: Galaxy Leader remains stolen property appeared first on Insurance Marine News.

Marine 52
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Iowa Roofer Ordered to Cease Unlicensed Public Adjuster Services

Insurance Journal

By Ezra Amacher An Iowa roofing company has agreed to a consent order to stop promoting itself as a public adjuster or providing any public adjuster services on its websites, social media pages and advertisements.

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Iranian navy issues multiple VHF challenges in Persian Gulf

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Iranian navy issues multiple VHF challenges in Persian Gulf appeared first on Insurance Marine News.

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Strategies for Brokers as M&A Slows and Insurance Rates Soften

Insurance Journal

The brokerage industry is adapting to a changing landscape as macroeconomic conditions temper the tailwinds that have driven growth in recent years.

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Climate catastrophes call for state intervention on insurance

Elmore

More public-private partnerships are the only viable model for a decent society The post Climate catastrophes call for state intervention on insurance appeared first on Elmore Insurance Brokers.

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Nebraska Sues Change Healthcare Over Data Breach

Insurance Journal

Nebraska Attorney General Mike Hilgers filed a lawsuit in Lancaster County District Court against Change Healthcare alleging violations of the state’s Consumer Protection and Data Security Laws.

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UK insurers set for record £70bn of pension transactions

Elmore

Pension consultants WTW says improved funding positions have made bulk annuity deals more attractive The post UK insurers set for record 70bn of pension transactions appeared first on Elmore Insurance Brokers.

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Sky Zone in Washington Fined for Overworking Teens

Insurance Journal

The owner of a Tukwila, Washington, trampoline park faces more than $68,000 in fines for not giving teen employees meal breaks, and for working them longer hours than allowed under law.

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India’s Shreeji Shipping sets sights on supramax bulkers

Splash: Finance and Insurance

India’s Shreeji Shipping has filed papers with market regulator SEBI seeking approval to raise funds for fleet expansion through an initial public offering (IPO). The flagship company of Jamnagar-based Shreeji Group, led by Ashokumar Haridas Lal and Jitendra Haridas Lal, is planning to use roughly $33.

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Two Workers Injured in Explosion at Cannabis Facility

Insurance Journal

Two workers were injured in an explosion and fire at a cannabis extraction facility on Maryland’s Eastern Shore last Wednesday, state fire officials said.

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Blog Post: ICE Terminology Memo (Jan. 21, 2025)

LexisNexis

ICE, Jan. 21, 2025 "This memorandum supersedes and rescinds the April 19, 2021, Updated Terminology for Communications and Materials memorandum from Acting Director Tae Johnson. Moving forward, for all communications materials and internal and external communications, ICE employees are directed to use the lexicon consistent with the Immigration and Nationality Act and the language historically used by the agency.

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Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers

Insurance Journal

By L.S.

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Blog Post: DOJ Blocks Immigration Court LOPs

LexisNexis

Laura Romero, ABC News, Jan. 23, 2025 "The Department of Justice, under new leadership following the inauguration of Donald Trump, has told legal service providers who receive federal funding to stop providing legal orientation and other work intended to support immigrants at immigration courts. In a memo obtained by ABC News, the DOJ ordered all such legal providers on Wednesday to "stop work immediately" in those areas.

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2025 Begins

Insurance Journal

What a start to the new year for the insurance industry. January 1 saw two separate incidents that drew attention from the insurance industry as the threat of increasing political and terror risk continues to affect individuals and businesses worldwide.

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Blog Post: "Unfathomably Cruel" Actions by Trump Threaten Refugees

LexisNexis

US refugee group funding suspended under Trump aid pause - Ted Hesson, Reuters, Jan. 25, 2025 Exclusive: Flights halted for Afghans approved for special US visas, advocate and official say - Jonathan Landay, Reuters, Jan. 25, 2025 IRAP Explainer : "IRAP has written an explainer providing an in-depth overview of the recent suspension of the U.S.

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