Wed.Jan 15, 2025

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California Expands Moratorium on Homeowners Insurance Cancellations and Non-Renewals

Insurance Journal

California Insurance Commissioner Ricardo Lara expanded emergency insurance protections for Southern California homeowners, adding new ZIP Codes to those already under a mandatory one-year moratorium on insurance non-renewals and cancellations.

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Participate In Your Democracy—Even If You Are Called a Bazooka!

Property Insurance Coverage Law

Floridas insurance commissioner, Michael Yaworsky, referred to me yesterday as a Bazooka! As a kid, I pretended to be a bazooka soldier when playing on various military bases where my father was stationed. I am not exactly certain what was meant, and neither did others in my firm when this was raised. He said this … The post Participate In Your DemocracyEven If You Are Called a Bazooka!

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Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz

Insurance Journal

Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk Barometer 2025.

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Wuhu Shipyard in $4bn tie-up with compatriot leasing duo

Splash: Finance and Insurance

China’s Wuhu Shipyard has partnered up with two domestic financial leasing players to jointly work on new projects potentially worth more than RMB30bn ($4.1bn). The largest shipbuilding enterprise in Anhui province, formerly known as Fujiheng Machinery Plant, has penned a collaboration agreement with Wanjiang Financial Leasing and Yingxing Financial Leasing.

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Streamline Insurance Claims Management By Analyzing Legal Trends

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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Amazon Is Halting Some of Its Diversity and Inclusion Programs

Insurance Journal

Amazon.com Inc. is halting some of its diversity and inclusion programs, a move that coincides with activist pressure on US companies to abandon efforts to build a more diverse workforce.

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‘Epidemic’ of Hidden Cams? SC Workers’ Comp Lawyer Sued After Arrest for Videos

Insurance Journal

Two months after his law license was suspended and he was charged with illicitly filming renters at his beach property, a South Carolina workers’ compensation attorney now faces a civil lawsuit by one of the alleged victims.

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Fundamental #1 to Understand the Experience Mod in Workers’ Comp

AMAXX

Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Things that we don’t understand can seem a lot more difficult than they actually are. Hello, my name is Michael Stack and I’m the CEO of Amaxx. And today I want to talk about the experience mod formula.

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Los Angeles Is on Edge as Strong Winds Keep Fire Danger Elevated

Insurance Journal

Los Angeles is bracing for critical wildfire conditions again as dry winds scour Southern California, creating the risk of more blazes in the wake of a disaster that has killed at least 24 people, driven thousands from their homes and …

Risk 278
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Integrated Wind Solutions moves for Oslo uplisting

Splash: Finance and Insurance

Commissioning service operation vessel (CSOV) owner Integrated Wind Solutions (IWS) has moved for an uplisting on the Oslo Stock Exchange. The Awilco-backed outfit trades its shares on Euronext Growth Oslo and expects the switch to occur on or about February 3. In connection with the uplisting, IWS also plans to raise about NOK30m ($2.

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NHS Cyberattack in UK Inflicted Long-Term Harm on Patient Health

Insurance Journal

A cyberattack that paralyzed hospitals and clinics in London last year resulted in harm to dozens of patients, leading to long-term or permanent damage to their health in at least two cases, according to data obtained by Bloomberg News.

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Marine round-up : 16th January 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 16th January 2025 appeared first on Insurance Marine News.

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Florida Appeals Court Upsets Applecart on Workers’ Comp Statute of Limitations

Insurance Journal

A recent decision and concurring opinion by a Florida appeals court may have upset years of practice and could raise costs for workers’ compensation insurers.

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Identifying false readings of exhaust gas monitoring equipment

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Identifying false readings of exhaust gas monitoring equipment appeared first on Insurance Marine News.

Marine 52
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Colonial Shuts Largest US Gasoline Pipe to Investigate Leak

Insurance Journal

Colonial Pipeline Co. shut the largest US fuel pipeline Tuesday to investigate a potential leak in Georgia. The company’s Line 1 transports 1.5 million barrels a day of gasoline between Houston, Texas, and Greensboro, North Carolina.

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Russia’s crude shipments are in decline

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russias crude shipments are in decline appeared first on Insurance Marine News.

Marine 52
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People Moves: MEMIC Promotes McCracken; NFP Appoints Kim; Harford Mutual Changes Leadership

Insurance Journal

MEMIC Promotes McCracken to VP of Business Intelligence and Analysis The MEMIC Group, headquartered in Portland, Maine, promoted Kaila McCracken to vice president of business intelligence and analysis.

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Shell finds unexploded bomb next to gas pipeline for Brent field

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Shell finds unexploded bomb next to gas pipeline for Brent field appeared first on Insurance Marine News.

Marine 52
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An Increase in Identity Theft, Cybercrime Predicted in 2025

Insurance Journal

The forecast for identity theft scams and cybercrime in 2025 is bleak, according to the Identity Theft Resource Center (ITRC).

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ICC IMB reports increase in number of crew taken hostage or kidnapped in 2024

Insurance Marine News

The just-released IMB annual Piracy and Armed Robbery Report recorded 116 incidents against ships in 2024, fractionally down from the 120 recorded in 2023, but higher than the 115 reported in 2022. IMB said that 94 vessels were boarded, that there were 13 attempted attacks, with six vessels being hijacked and three being fired upon. The post ICC IMB reports increase in number of crew taken hostage or kidnapped in 2024 appeared first on Insurance Marine News.

Marine 52
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WalkerHughes Acquires Missouri’s IBA

Insurance Journal

WalkerHughes Insurance, a privately held, founder-led retail insurance brokerage business headquartered in Indianapolis, Indiana, has acquired Independent Brokers Agency LLC, a St. Louis, Missouri-based insurance agency which offers personal lines, commercial lines, and employee benefits.

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InterManager launches campaign to tackle unfair criminalization of seafarers

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post InterManager launches campaign to tackle unfair criminalization of seafarers appeared first on Insurance Marine News.

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SEC Sues Elon Musk Over Late Disclosure of Twitter Stake

Insurance Journal

Elon Musk was sued on Tuesday by the U.S.

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Sovcomflot says new US sanctions are creating operational difficulties

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Sovcomflot says new US sanctions are creating operational difficulties appeared first on Insurance Marine News.

Marine 52
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With Help From Uber, New Group Seeks Reforms to Lower New York’s Insurance Costs

Insurance Journal

A new coalition with backing from Uber Technologies is launching a campaign to lower insurance costs for consumers and small businesses in New York State.

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IMO’s Dominguez warns on rising risks from unregulated tanker fleet

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post IMOs Dominguez warns on rising risks from unregulated tanker fleet appeared first on Insurance Marine News.

Risk 52
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Chicago Construction Billionaire Deepens Bet on Data Centers

Insurance Journal

Clayco, a Chicago-based builder led by billionaire Bob Clark, is positioning itself to grab for more of the boom in data centers.

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Cargo ship pulled free after grounding in Michigan

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cargo ship pulled free after grounding in Michigan appeared first on Insurance Marine News.

Marine 52
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Dozens of Vehicles Broken Into During Michigan Basketball Game

Insurance Journal

More than two dozen vehicles in a high school parking lot had their windows smashed and were broken into during a men’s college basketball game at nearby University of Michigan. Ann Arbor police said the break-ins occurred Sunday, WXYZ-TV reported.

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State-based armed conflict seen as the top immediate risk for 2025, says WEF

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post State-based armed conflict seen as the top immediate risk for 2025, says WEF appeared first on Insurance Marine News.

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Vermont Added 41 Captives in 2024

Insurance Journal

Vermont continues to grow its captive insurance industry. The Vermont Department of Economic Development (DED) has reported that 2024 was among Vermont’s top 10 highest years of growth since its first-in-the-nation captive enabling legislation in 1981.

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How Insurance Agencies Can Start Adopting AI in 2025

Agency Revolution

As the insurance industry evolves, the idea of independent insurance agencies and brokerages embracing artificial intelligence (AI) is no longer a futuristic conceptits become a necessity to stay relevant. In fact, according to Agency Forward, 79% of principal agents planned on adopting AI by 2025 (Source: Agency Forward ). Because most agencies are leveraging the usage of AI in their agencys operations, its important to start taking steps to do the same for your business.

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Georgia Lawmakers to Take up School Safety, Hurricane Relief as Session Starts

Insurance Journal

ATLANTA (AP) Georgia Gov.

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Cyber Threat Alert: fasthttp Used in New Bruteforce Campaign

Cowbell

Introduction to fasthttp and Its Impact on Microsoft Entra Users Fasthttp is a high-performance HTTP server and client library for the Go programming language. Designed for efficiency, fasthttp offers improved throughput and lower latency compared to Go’s standard net/http package. While fasthttp is a valuable tool for legitimate applications, threat actors have begun exploiting its capabilities to execute brute-force login attempts and spam multi-factor authentication (MFA) requests.

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