Insurance Journal
JULY 29, 2024
The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in the previous year and the line’s worst underwriting results since at least 2000, according to a new AM Best report.
Solstice Insurance Broker
JULY 29, 2024
Frustrations and pent-up emotions can have a major impact on your mood, making it difficult to stay positive and productive. As much as you love being a dental insurance broker , there is a great deal of pressure to perform. Running a business, managing clients, meeting goals, making the level of commissions that you desire, all take their toll on you.
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Insurance Journal
JULY 29, 2024
HOUSTON (AP) — The number of Texas deaths after Hurricane Beryl came ashore and knocked out power to millions of residents climbed to at least 36 on Thursday as officials confirmed more people who died in homes that were left …
The Property Insurance Law Observer
JULY 29, 2024
Ending a putative class action, the United States Court of Appeals for the Fifth Circuit examined policy language and two statutes to hold that an insurer does not owe sales tax on top of an actual cash value payment. The citation is Taylor v. Root Ins. Co. , 2024 U.S. App. LEXIS 18240 (5th Cir. July 24, 2024). The policyholder’s contract provided: Limit of liability A.
Insurance Journal
JULY 29, 2024
Insurer Nationwide said late last week that it is reducing its headcount by about 5% over the next year. “We can’t speculate on the total number of job impacts,” said Nationwide in a statement.
Prof. Allan Manning
JULY 29, 2024
Realising the importance of ongoing learning, LMI held their annual conference for the claims team in Sydney last week. A wide range of topics were covered from an update on recent court cases involving general insurance claim decisions, a detailed analysis of the Reasonable Care Condition found in many policies by LMI Legal, lessons learned from business interruption losses by LMI Forensics, issues around storm damage to solar panels by LMI Claims, a detailed run through of the new Mark IV Cons
Insurance Journal
JULY 29, 2024
At least 100 structures have been destroyed and roughly 4,200 more are being threatened by the Park Fire, near Chico, California, which has burned 368,256 acres and now touches four counties.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
JULY 29, 2024
Decades of snuffing out fires at the first sign of smoke combined with climate change have laid the groundwork for a massive wildfire in northern California and scores of smaller ones across the western U.S. and Canada, experts say.
Distinguished
JULY 29, 2024
A client’s fine art collection may represent their treasured possessions or important investments and requires specialized insurance to protect against losses caused by water, fire, vandalism, theft, transit, and natural disasters. Distinguished’s Fine Art Insurance and Collectibles Insurance Program provides comprehensive coverage for priceless treasures and serves private collectors, art dealers , artist foundations, museums , and others.
Insurance Journal
JULY 29, 2024
Maryland Governor Wes Moore has named Marie Grant, an attorney with nearly 20 years of experience in insurance and health care policy and regulation, as his state’s next insurance commissioner.
Word & Brown
JULY 29, 2024
When you’re in the “sales” field, you are under considerable pressure to close deals. That’s true whether you’re on your own or working with others. Your income may be exclusively commission based. That means if you don’t sell, you may have no income other than residual commissions on past business. With housing costs on the rise (whether you rent or own), escalating food and gasoline prices, climbing utilities bills, and more, it can be stressful to work in a role that offers variable income.
Insurance Journal
JULY 29, 2024
Euro zone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on Friday.
EverQuote
JULY 29, 2024
You can’t run a successful agency without getting to know people. If you sell insurance, networking is the key to getting high quality referrals and finding high-intent prospects. And what better place to find new contacts than online?
Insurance Journal
JULY 29, 2024
After NextEra proposed a wind farm in Greeley County, Nebraska two years ago, Robert Bernt, a dairy farm owner in the area, helped to mobilize community members against the idea.
Boyle Agency Insurance
JULY 29, 2024
Chubb Masterpiece Homeowners Insurance Bogle Agency Insurance offers top Homeowners Insurance protection with Chubb Masterpiece Homeowners Insurance to NJ homeowners. Chubb has long been known as a top insurance carrier in NJ and we are happy to provide the information you need to make the decision to choose Chubb Homeowners Insurance coverage. Bogle is always seeking the optimal way to serve our clients’ insurance needs and we offer this superior product to Bergen and Morris County homeow
Insurance Journal
JULY 29, 2024
A Hubbard, Ohio industrial manufacturer failed to protect their employees from molten metal that was heated to more than 2,000 degrees Fahrenheit, the U.S. Department of Labor determined after its investigation into how a 30-year-old employee suffered fatal injuries.
Splash: Finance and Insurance
JULY 29, 2024
Pierre Aury warns there is a financial crisis looming that would make 2008 look like ‘a seaside picnic on a beautiful spring day’ In our last column we said that shipping is not an adiabatic system: it is a derivative of the world economy/geopolitical situation which is affected by decisions of lunatic politicians that no …
Insurance Journal
JULY 29, 2024
Australia’s plans to introduce stringent rules on climate disclosures are driving up concerns among businesses about compliance in one of the world’s biggest per-capita emitters.
Splash: Finance and Insurance
JULY 29, 2024
Australian OSV operator and services provider Bhagwan Marine has marked its debut as a public company. The Perth-headquartered outfit led by Loui Kannikoski has started trading on the Australian Securities Exchange (ASX) following an initial public offering of shares. Bhagwan raised $80m at $0.
Insurance Journal
JULY 29, 2024
Personal lines insurance comparison site The Zebra said it has acquired Marble, a digital platform for managing and saving on insurance. The acquisition is effective as of July 25, 2024.
AMAXX
JULY 29, 2024
In the realm of workers’ compensation, the role of an injury coordinator is pivotal. This position is crucial for managing the complex processes associated with workplace injuries, ensuring both compliance with regulations and the well-being of employees. Based on the comprehensive guide from the Workers’ Compensation Manual, this blog will explore the responsibilities, best practices, and significance of an injury coordinator in an organization.
Insurance Journal
JULY 29, 2024
A tornado that hit this small, upstate city tore off rooftops, leveled brick buildings and toppled the steeples of two historic churches. No one was killed, but the twister left a debris-strewn scar through downtown and nearby areas.
Simply Insurance
JULY 29, 2024
Steadily tops the list of our best landlord insurance companies because their digital-first product offers fast and convenient online quotes in minutes at an affordable price.
Insurance Journal
JULY 29, 2024
Three months after Tyco Fire Products agreed to pay $750 million to communities with groundwater affected by so-called “forever chemicals” found in fire-stopping foam, Tyco has reached a tentative settlement with one of its insurance companies.
Insurance Journal
JULY 29, 2024
JASPER, Alberta (AP) — A wildfire that has destroyed hundreds of structures in the town of Jasper is the largest blaze recorded in Jasper National Park in a century and could still be burning months from now, a Parks Canada …
Insurance Journal
JULY 29, 2024
The California workers’ compensation system has been relatively stable in the post-pandemic era, as premium levels rose by 1% in 2023 and are forecast to increase modestly in 2024—while decreases in average insurer charged rates are moderating, a new report …
Insurance Journal
JULY 29, 2024
Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar in an announcement. Liberty Strategic Capital (a private equity company led by former Treasury Secretary Steven Mnuchin), J.C.
Insurance Journal
JULY 29, 2024
A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius Group in a deal that could value the Lloyd’s of London insurer at about £3 billion ($3.
Insurance Journal
JULY 29, 2024
A number of fiber optic cables carrying broadband service across France’s southern and eastern regions were cut overnight in the latest attack on the country’s infrastructure during the Olympic Games.
Insurance Journal
JULY 29, 2024
Inflexion is nearing a sale of its majority stake in David Roberts & Partners in a deal that values the UK insurance broker at about £450 million ($579 million), according to people familiar with the matter.
Insurance Journal
JULY 29, 2024
Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction across the United States, New York Attorney General Letitia James said on Friday.
Insurance Journal
JULY 29, 2024
This post is part of a series sponsored by AgentSync. As catastrophic natural disasters continue to wreak havoc on the property and casualty (P&C) insurance sector, loss prevention remains a high priority for insurers and property owners alike.
Insurance Journal
JULY 29, 2024
Brown & Brown Inc. announced it has entered into an agreement to acquire Quintes Holding B.V., a Netherlands-based insurance group.
Insurance Journal
JULY 29, 2024
Confie, a California-based personal lines distributor, has acquired three insurance agencies in the South, the firm said last week.
Insurance Journal
JULY 29, 2024
The Texas oil regulator said it’s investigating after several earthquakes hit the Permian Basin last week.
Insurance Journal
JULY 29, 2024
Bankrupt hospital owner Steward Health Care will close two locations in Massachusetts after failing to find a buyer for them, the company said Friday.
Insurance Journal
JULY 29, 2024
This post is part of a series sponsored by Dyad. In the dynamic world of insurance, staying ahead of the curve is paramount.
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