Insurance Journal
JANUARY 9, 2025
With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of destructive Los Angeles area blazes are sure to become clearerlikely pushing up billion-dollar-plus insured loss estimates put forth from fires …
Property Insurance Coverage Law
JANUARY 9, 2025
Jay Feinman, author of Delay, Deny, Defend, discusses the pervasive frustration Americans feel toward insurance companies, driven by claims of unjust practices, including delays, denials, and complicated claim procedures, in an article, Americans Rage at Insurers Goes Beyond Health Coverage The Author of Delay, Deny, Defend Points to 3 Reforms that Could Help. 1 … The post Delay, Deny, Defend Professor Offers Suggestions for Meaningful Insurance Claims Reform appeared first on Property In
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Insurance Journal
JANUARY 9, 2025
The conflagrations tearing across Los Angeles are on track to be among the most expensive wildfire disasters in U.S. history, draining insurance coffers and threatening California’s massive state-sponsored insurance program.
Splash: Finance and Insurance
JANUARY 9, 2025
The number of vessels hit by sanctions has surpassed 1,000 with data from S&P Global Market Intelligence showing that more 800 of these ships do not have confirmed insurance.
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Insurance Journal
JANUARY 9, 2025
ORLANDO, Fla. (AP) A major grower said this week it is abandoning its citrus growing operations, reflecting the headwinds Florida’s signature crops are facing following a series of hurricanes and tree diseases. Alico Inc.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
JANUARY 9, 2025
Insurers saw the third most expensive year for natural catastrophe losses in 2024 reaching a total of US$140 billion as climate change “is showing its claws,” according to Munich Re.
Splash: Finance and Insurance
JANUARY 9, 2025
West P&I Club has bought Nordic Marine Insurance, a specialist in delay insurance, primary loss of earnings, hull and machinery, loss of hire, and maritime lien solutions. West P&I initially acquired a significant stake in Nordic in 2020.
Insurance Journal
JANUARY 9, 2025
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.
Elmore
JANUARY 9, 2025
Profound funding shift might contribute to huge investment needed for data centres, energy and reshoring of industry The post Private credit and insurers could help fund the capex boom appeared first on Elmore Insurance Brokers.
Insurance Journal
JANUARY 9, 2025
The California Division of Occupational Safety and Health cited Safeway $182,000 in proposed penalties for safety violations that reportedly put roughly 1,700 workers at risk of serious injuries at the company’s warehouse in Tracy, their largest facility in the nation.
LexisNexis
JANUARY 9, 2025
Efficiency and organization in the legal department and law firms drive the pathway to success. Attorney case management software provides one of the indispensable tools for modern law practices, transforming how legal professionals handle cases, manage documents, and serve their clients. In this blog post, well look in-depth at attorney case management software and matter management software , who uses it, and why it's become essential for legal operations.
Insurance Journal
JANUARY 9, 2025
A winter storm that brought snow to Dallas and threatens the US South with ice and sleet has grounded more than 1,000 flights and is raising the risk of power outages through the region. As of 8 a.m.
Elmore
JANUARY 9, 2025
High value of homes and businesses in Pacific Palisades mean analysts put value of losses in the billions The post Insurers brace for up to $10bn losses from California wildfires appeared first on Elmore Insurance Brokers.
Insurance Journal
JANUARY 9, 2025
American International Group (AIG) said Christopher Flatt, currently head of AIG North America alternative channels, has been named global chief underwriting officer, effective immediately.
Elmore
JANUARY 9, 2025
Losses rise by 30 per cent as climate change takes its toll The post Catastrophes cost the world $320bn in 2024, reinsurer reports appeared first on Elmore Insurance Brokers.
Insurance Journal
JANUARY 9, 2025
Despite all the attention on technologies that reduce the hands-on role of humans at work such as self-driving vehicles, robot workers, artificial intelligence and so on researchers in the field of neuroergonomics are using technology to improve how …
LexisNexis
JANUARY 9, 2025
Oakland, CA New data from the California Workers Compensation Institute (CWCI) shows recent shifts in the types of drugs prescribed to injured workers in California, and in the distribution of payments for those medications, with anti-inflammatory drugs ranking first in terms of the number of prescriptions, but dermatologicals, which include a number of high-priced, private label drugs, accounting for the biggest share of the total drug spend.
Insurance Journal
JANUARY 9, 2025
If insurance carriers want to have dibs on a company’s assets as premium security or collateral, they had better specify that those assets include potential tort-claim settlements, a federal appeals court said Wednesday.
LexisNexis
JANUARY 9, 2025
Heres an interesting writ denied case regarding the issue of when stipulations may be set aside and when they may not. Well be reporting this case in the upcoming January 2025 issue of California Compensation Cases. Infinity Staffing Services, Inc., Arch Insurance Company, administered by Sedgwick Claims Management, Petitioners v. Workers' Compensation Appeals Board, Enrique Vargas , Respondents 90 Cal.
Insurance Journal
JANUARY 9, 2025
The Green Bay Packers’ online store was hacked in September and October, the franchise said in a data breach filing this week.
LexisNexis
JANUARY 9, 2025
Oakland, CA The Board of Directors of the California Workers Compensation Institute (CWCI) has named the Institutes Chief Operating Officer, Gideon L. Baum, to succeed Alex Swedlow when he retires next summer as President of the Oakland-based research and educational organization. We extend our deepest appreciation to Alex for all his contributions to CWCI, its members, and the California workers compensation system said Eric Hansen, Senior Vice President of Underwriting of Preferred Employers
Insurance Journal
JANUARY 9, 2025
TALLAHASSEE, Fla. (AP) A statewide grand jury convened at the request of Florida Gov.
Majesco
JANUARY 9, 2025
It is 2025, just five years until a new decade that promises to be dramatically different from when we entered 2020. In 2020, COVID was a jolt to the industry, pushing insurers to digitally transform. In 2030, we will have seen 5-6 years of rapid advancement of AI and other technologies that will be a deeper and broader jolt than previously experienced. 2025 is a wake-up call for insurance.
Insurance Journal
JANUARY 9, 2025
The wildfires sweeping through Los Angeles are unlikely to trigger significant losses for catastrophe bonds designed to capture such risks.
LexisNexis
JANUARY 9, 2025
Soutik Biswas and Zoya Mateen, BBC News, Jan. 9, 2025 "The H-1B visa program, which brings skilled foreign workers to the US, faces criticism for undercutting American workers but is praised for attracting global talent. The president-elect, once a critic, now supports the 34-year-old program, while tech billionaire Elon Musk defends it as key to securing top engineering talent.
Insurance Journal
JANUARY 9, 2025
ZestyAI, a provider of AI-powered climate and property risk analytics solutions, has received regulatory approval from the Missouri Department of Insurance for its Severe Convective Storm suite, including Z-HAIL, Z-WIND, and Z-STORM.
LexisNexis
JANUARY 9, 2025
Businesses across the globe are bracing for potential increases in tariffs on imported goods flowing into the U.S. in 2025. On the campaign trail, then-presidential candidate Donald Trump proposed instituting a range of unprecedented tariffs, including among other things, a 10% tariff on all U.S. imports regardless of country of origin, as well as a 60% tariff on products from China, reported Law360® Then in late-November, President-elect Trump announced that he would sign an executive orde
Insurance Journal
JANUARY 9, 2025
This edition of International People Moves details appointments at WTW and Howden Re. A summary of these new hires follows here.
Insurance Journal
JANUARY 9, 2025
Insurance broker Hub International Limited has acquired the assets of Byrnes Agency, Inc. in Connecticut. Terms of the transaction were not disclosed. Founded in 1932, Byrnes Agency is located in Dayville and Norwich.
Insurance Journal
JANUARY 9, 2025
Premiums for policies covering new energy vehicles in China have soared to $13.8 billiona six-fold jump from the level recorded five years earlier, AM Best said in a special report.
Insurance Journal
JANUARY 9, 2025
Meta Platforms used pirated versions of copyrighted books to train its artificial intelligence systems with approval from its CEO Mark Zuckerberg, a group of authors alleged in newly disclosed court papers.
Insurance Journal
JANUARY 9, 2025
Apple clarified on Wednesday that it has never sold the data collected by its Siri voice assistant or used it to create marketing profiles, just days after settling a case in which it faced such accusations.
Insurance Journal
JANUARY 9, 2025
Pennsylvania Lumbermens Mutual Insurance Company (PLM), headquartered in Philadelphia, named Steve Firko as executive vice president and chief operating officer overseeing all front-line customer-focused operating departments, including underwriting, field operations, claims, loss control, marketing, customer service, and operations.
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