Insurance Journal
OCTOBER 8, 2024
A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers receiving significant rate increases in 2023/2024.
Property Insurance Coverage Law
OCTOBER 8, 2024
While speaking at the Florida Association of Public Insurance Adjusters Fall Conference regarding National Flood Insurance claims, I promised to blog about a recent case that made its way through the federal courts. Homeowners Henry and Mary Siedzikowski learned some hard lessons about the strict requirements for flood insurance claims. The case, which began in … The post NFIP Escapes Payment with Form-Over-Substance Rules—The Need For Reform of the National Flood Insurance Program appeare
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Insurance Journal
OCTOBER 8, 2024
Executive Summary: Insurers and reinsurers are responding to heightened risks of civil unrest with better calculations of their probable maximum losses, careful risk pricing, clear contractual wordings, and by using new modeling tools to help grasp this potentially costly risk.
Top Insurance Blogs
OCTOBER 8, 2024
One of the top predicaments upon purchasing a new car is getting a comprehensive car insurance. While it seems like a daunting task- especially if you’re a first-time car buyer and non-car enthusiast – securing your car through a comprehensive insurance will help you save significant time, money, and headaches in case of accidents or unforeseen troubles.
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Insurance Journal
OCTOBER 8, 2024
Intersys, the UK-based provider of cyber risk management solutions, announced its expansion in the UK insurance market with the opening of an office in Leadenhall Market in London.
Simply Insurance
OCTOBER 8, 2024
Finding out you need to get home insurance coverage before you can close on your loan can be nerve wrecking.But it doesn't have to be:There are some very fast ways to get a home insurance quote. And depending on your specific situation, having homeowners isn't actually always required.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
CDC: Workers Compensation
OCTOBER 8, 2024
Workers who respond to roadway emergencies, such as vehicle crashes, can face multiple hazards. Working at roadway incidents frequently exposes responders to potentially being struck by passing motor vehicle traffic leading to serious injury or death. These secondary crashes during responses to roadway incidents contribute to about 50 emergency responder fatalities and injuries annually.[1][2] Additionally, crashes during roadway incident responses can cause extensive property damage to agency e
Insurance Journal
OCTOBER 8, 2024
Being unlicensed as a contractor in Florida does not necessarily void a storm-remediation contract, a Florida appeals court said in a decision that could affect insurance defense strategy in hurricane claims.
AMAXX
OCTOBER 8, 2024
In the world of workers’ compensation, one of the most powerful strategies for managing costs while helping injured employees return to work is the implementation of a transitional duty (TD) program. Transitional duty allows employees to return to the workplace in a modified capacity while they continue to recover from their injuries. These programs offer significant benefits, not only by speeding up recovery but also by minimizing the financial impact of workers’ compensation claims
Insurance Journal
OCTOBER 8, 2024
Hurricanes in the United States end up hundreds of times deadlier than the government calculates, contributing to more American deaths than car accidents or all the nation’s wars, a new study said. The average storm hitting the U.S.
Top Insurance Blogs
OCTOBER 8, 2024
With the growing, overwhelming rate of risks and perilous events even in the travel industry, there is no better time to emphasize the need for travel insurance. What is travel insurance? What does it cover? Why is it important to purchase one ahead of your trip? These questions and other related questions will be getting their worthy answers as this article covers almost all the basics of travel insurance today.
Insurance Journal
OCTOBER 8, 2024
Threats to the UK from Russia and Iran and the danger posed by the Islamic State group have increased in recent months, according to the head of Britain’s domestic spy agency.
LexisNexis
OCTOBER 8, 2024
Managing legal spend without legal spend management software is impossible in today’s high-pressure law department. As budgets tighten and demand for legal services increases, legal operations professionals are challenged to find optimal legal spend management software to assist with budget management, outside counsel billings and analytical reporting for leadership.
Insurance Journal
OCTOBER 8, 2024
The world is choking from emissions more than ever, but that trend is set to reverse starting next year as the cost of solar panels and batteries crowd out coal and stunt the growth of oil, a new report says.
Agency Revolution
OCTOBER 8, 2024
Client feedback and reviews stand as invaluable pillars of growth and improvement. By truly understanding and leveraging the insights they provide, your independent insurance agency can refine offerings, enhance client satisfaction, and ultimately, expand reach. One of the most effective methods for gathering this essential feedback is through the Net Promoter Score® (NPS®), a straightforward yet powerful tool designed to measure client loyalty and satisfaction.
Insurance Journal
OCTOBER 8, 2024
California workers’ compensation written premium in 2023 was slightly above 2022, while written premium for the first six months of 2024 is 2% lower than the first six months of 2023, a new report shows.
LexisNexis
OCTOBER 8, 2024
Meza Diaz v. Garland "Petitioner Briseyda Meza Diaz (“Meza Diaz”) and her minor daughter, Gabriela Segundo Meza (“GSM”), fled Mexico after suffering a home invasion by hooded, armed men who held a weapon to Meza Diaz’s head, told her that she was going to die, and then beat her unconscious. The home invasion followed years of death threats received by Meza Diaz after her brother was murdered and her husband was abducted.
Insurance Journal
OCTOBER 8, 2024
This edition of International People Moves details appointments at Price Forbes Re and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here.
LexisNexis
OCTOBER 8, 2024
Major Disaster Vermont Severe Storms, Flooding, Landslides, and Mudslides Impacted Areas Frequently Asked Questions September 30, 2024 Major Disaster Hurricane Helene Impacted Areas Frequently Asked Questions September 30, 2024
Insurance Journal
OCTOBER 8, 2024
TikTok faces new lawsuits filed by 13 U.S. states and the District of Columbia on Tuesday, accusing the popular social media platform of harming and failing to protect young people.
American Agents Alliance
OCTOBER 8, 2024
E&O claims continue to grow in complexity along with the changing insurance landscape. Effectively managing these risks is a critical part of agency operations for any independent agent or broker. Technology offers innovative ways to track and reduce E&O claims with robust tools. Learn more about ways to analyze and lower your risk of E&O losses with technology.
Insurance Journal
OCTOBER 8, 2024
When disaster affects the sprawling industrial complexes of Texas, the state’s environmental authority often posts pictures online of its white vans patrolling public streets, verifying the local air is safe to breathe.
LexisNexis
OCTOBER 8, 2024
COMPLEX EMPLOYMENT ISSUES FOR CALIFORNIA WORKERS' COMPENSATION A new softbound supplement to Rassp & Herlick, California Workers’ Compensation Law 284 pages PIN #0006801214509 For current pricing and to order, call 800-543-6862. We are pleased to announce that LexisNexis/Matthew Bender & Company has released a brand-new handbook as part of the Rassp & Herlick treatise called Complex Employment Issues for California Workers’ Compensation.
Insurance Journal
OCTOBER 8, 2024
Specialty insurer Beazley announced the launch of a cyber consortium that provides comprehensive cover for large corporates with a turnover in excess of $1 billion, infusing $100 million of new capacity into the cyber market.
LexisNexis
OCTOBER 8, 2024
Oakland, CA – Migraine Drugs represented less than 1% of all prescriptions dispensed to California injured workers in 2023 but they consumed 4.7% of workers’ compensation drug payments, a nearly 8-fold increase since 2018, which a California Workers’ Compensation Institute (CWCI) study links to the emergence of several high-cost brand drugs that are not listed in the Medical Treatment Utilization Schedule (MTUS) Formulary.
Insurance Journal
OCTOBER 8, 2024
The U.S. Environmental Protection Agency got a settlement from Gardena, California-based U.S. Jaclean Inc. over claims of illegal distribution or sale of unregistered and misbranded disinfectants and other pesticide products.
LexisNexis
OCTOBER 8, 2024
CA Enacts Guardrails for Use of AI in Healthcare California Gov. Gavin Newsom (D) signed a pair of bills making the state one of the first to establish guardrails for the use of artificial intelligence in healthcare. One of the measures ( SB 1120 ) would set requirements for the use of AI by insurers for utilization review or utilization management.
Insurance Journal
OCTOBER 8, 2024
The leader of a regional organized theft crew, who orchestrated the thefts of catalytic converters from nearly 500 vehicles across the region, multiple jewelry store robberies and the stealing of banks’ automated teller machines has been sentenced in federal court …
LexisNexis
OCTOBER 8, 2024
CA Prohibits ‘Captive Audience’ Meetings California Gov. Newsom (D) signed a bill (SB 399) prohibiting businesses from requiring employees to attend employer-sponsored meetings concerning religious or political matters. The measure was one of nearly a dozen introduced this year targeting such “captive audience” meetings, which are sometimes used to deliver anti-union messaging. ( SACRAMENTO BEE, LEXISNEXIS STATE NET) U.S.
Insurance Journal
OCTOBER 8, 2024
Chemical products manufacturer AB Specialty Silicones LLC will pay $1.3 million in penalties after an explosion and fire at its Waukegan, Illinois plant in May 2019 claimed the lives of four workers. The U.S.
LexisNexis
OCTOBER 8, 2024
SD to Consider App- and Device-Based Age Verification Legislation in 2025 The South Dakota Legislature’s Study Committee on Artificial Intelligence and Regulation of Internet Access by Minors voted unanimously to ask the Legislative Research Council to draft legislation for next session requiring app stores and makers of mobile phones and tablets to verify the age of users.
Insurance Journal
OCTOBER 8, 2024
The remnants of Hurricane Kirk are forecast to hit France on Wednesday, after weakening to a post-tropical cyclone. The storm will bring wind gusts as strong as 150 kilometers (93 miles) per hour to the Pyrenees, according to Météo-France.
LexisNexis
OCTOBER 8, 2024
Statehouse Shift Ahead for Earned Wage Access? In recent years earned wage access apps, which allow workers to obtain access to their earnings before they receive their paychecks, have exploded in popularity. And providers including DailyPay, Dave, EarnIn and Payactiv, have been lobbying aggressively for state laws regulating the products as a new financial service that isn’t subject to interest rate limits or annual percentage rate disclosure requirements.
Insurance Journal
OCTOBER 8, 2024
The Virginia Court of Appeals has ruled that a trial court erred in finding that a garbage truck driver and the city of Chesapeake were shielded by sovereign immunity for their role in an accident caused by the truck driver …
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