Mon.Oct 14, 2024

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J&J’s Court-Shopping Win Highlights Irresistible Bankruptcy Tool

Insurance Journal

Johnson & Johnson’s successful use of a “court-shopping” legal tactic to advance its latest plan for resolving thousands of cancer claims spotlights a controversial bankruptcy maneuver corporations have long employed to avoid unfavorable rulings.

Claim 278
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Navigating Hurricane Helene and Milton NFIP Claims: Documenting Repairs and Understanding Prior Damage Requirements

Property Insurance Coverage Law

Following Hurricanes Helene and Milton, many Florida and southeast residents are left grappling with flood damage – some for the second or third time in recent years. For National Flood Insurance Program (NFIP) policyholders, especially those who have experienced prior flood losses, understanding the documentation requirements for repairs is crucial.

Damage 192
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Honda Recalling 2 Million Vehicles Over Steering Issue

Insurance Journal

Honda Motor said it is recalling 2 million cars and SUVs in North America over an issue that can make steering more difficult and increase the risk of a crash.

Risk 290
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Florida InsurersCan Weather AnotherBig Storm This Season

Triple-I: Homeowners Insurance

Despite warnings from two leading insurance rating agencies that Hurricane Milton weakened or threatened Florida’s recovering home insurance market, the market “can manage losses” from the Category 4 storm “and are ready to cover yet another hurricane,” if one should come this season, according to industry experts who spoke with the South Florida Sun Sentinel.

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It’s Pig Iron Under Water!

Insurance Journal

This post is part of a series sponsored by Old Republic Surety. To some of my fellow insurance professionals, the surety business has always had an air of mystery about it.

Insured 275
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Major French owners face hefty tax bill as Paris aims to right fiscal ship

Splash: Finance and Insurance

Facing a large hole in its coffers, the French government has targeted cash-rich shipowners in its latest budget plans.

Insurance 107

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Part 3 of 3 – Expediting Medical Settlements Through Professional Administration: Optimize Settlement Agreements

AMAXX

by Andrea Mills, Chief Client Officer, Ametros Strategies to streamline efficiency and effectiveness in medical settlement processes The settlement of a workers’ compensation or liability claim should ideally benefit both the injured individual and the payer. However, numerous obstacles and confusion surrounding the intricacies of both systems and the management of medical funds post-settlement can hinder or even prevent the closure of medical cases.

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Risk & Insurance Education Alliance and BrokerTech Ventures Launch New Insurtech Insurance Course

Insurance Journal

Austin, TX., October 15, 2024 – The Risk & Insurance Education Alliance, in collaboration with BrokerTech Ventures (BTV), is proud to introduce its latest educational initiative, the Introduction to Insurance for Insurtech Professionals module.

Risk 264
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Be prepared for EU ETS, says NorthStandard

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Be prepared for EU ETS, says NorthStandard appeared first on Insurance Marine News.

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Delaware Workers’ Compensation Rates to Drop 8.4% and 9.2%

Insurance Journal

Delaware Insurance Commissioner Trinidad Navarro announced that workers’ compensation insurance rates will decrease for the eighth year in a row, effective December 1. The voluntary market is expected to decrease average loss costs by 8.

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Service and Expertise Make Word & Brown the Premier Choice for Brokers

Word & Brown

Health insurance agents and brokers often seek partnerships to enhance their business capabilities. Word & Brown General Agency offers unparalleled support and resources. This article explores why many insurance professionals choose Word & Brown as their preferred partner. The Value of a General Agency Partnership Many brokers – from newcomers to veterans – partner with a General Agent (GA) to boost their businesses.

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Should California’s Minimum Wage Be $18? Voters Will Soon Decide

Insurance Journal

Voters will decide in November whether California should raise its hourly minimum wage to $18 by 2026 and pay workers what would be the highest statewide minimum wage in the country.

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Another Russian attack on Odesa hits merchant shipping

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Another Russian attack on Odesa hits merchant shipping appeared first on Insurance Marine News.

Marine 52
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Singapore Blocks $1.7 Billion Allianz-Income Insurance Deal

Insurance Journal

The Singapore government will block a proposed S$2.2 billion ($1.7 billion) deal by Allianz SE to buy a majority stake in a homegrown insurance firm, three months after the transaction sparked a public backlash.

Insured 258
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Fire breaks out on two LPG carriers during STS-transfer

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Fire breaks out on two LPG carriers during STS-transfer appeared first on Insurance Marine News.

Marine 52
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Tenn. Authorities Continue to Investigate Container Suspected of Holding Dynamite

Insurance Journal

KNOXVILLE, Tenn. (AP) — Authorities in eastern Tennessee continued Friday to investigate a container suspected of holding large amounts of dynamite, warning residents that evacuations will likely remain in place throughout the night.

Risk 254
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Serious Alaskan storm sees bulk carrier drop anchor to avoid grounding danger

Insurance Marine News

Bulk carrier Pan Viva (IMO 9453494) dropped anchor on Saturday October 12th when experiencing bad weather in Unalaska Bay, near Dutch Harbour on the Fox Islands, in Alaska’s south-western archipelago The vessel first experienced seriously bad weather on October 11th. It began to deviate from its eastward course. It reduced speed to 2-4 knots, on. The post Serious Alaskan storm sees bulk carrier drop anchor to avoid grounding danger appeared first on Insurance Marine News.

Marine 52
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Combined Losses From Milton and Helene to Be $35B-$55B: Moody’s RMS

Insurance Journal

Moody’s RMS said private insurers can expect to dole out between $35 billion and $55 billion for hurricanes Milton andHelene.

Insured 278
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Drug smuggling ship caught by logistical analysis

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Drug smuggling ship caught by logistical analysis appeared first on Insurance Marine News.

Marine 52
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Arch Capital Group Names Papadopoulo CEO as Grandisson Retires

Insurance Journal

Arch Capital Group Ltd., the Bermuda-based re/insurer, announced that Nicolas Papadopoulo has been named chief executive officer and is joining the board of directors effective immediately.

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MSC boss sees “fragmentation” of global supply chains

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post MSC boss sees “fragmentation” of global supply chains appeared first on Insurance Marine News.

Marine 52
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Viewpoint: Landmark Workers’ Comp Subrogation Decision in Nevada

Insurance Journal

In one of the most pro-subrogation decisions in a generation, the Nevada Supreme Court has overnight turned Nevada into one of the most favorable states for workers’ compensation subrogation. With the stroke of a pen, the court in its Sept.

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Maersk /Hapag-Lloyd alliance will use Cape of Good Hope, 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 /Hapag-Lloyd alliance will use Cape of Good Hope, for now appeared first on Insurance Marine News.

Marine 52
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Blaze That Killed Two Baltimore Firefighters in 2023 Ruled Accidental

Insurance Journal

A fire that killed two first responders and engulfed multiple rowhouses in northwest Baltimore last year has been ruled accidental, according to an investigation released Friday by the Baltimore City Fire Department. The cause of the Oct.

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Cargo stowage failures on the rise off South Africa, warns Gard

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cargo stowage failures on the rise off South Africa, warns Gard appeared first on Insurance Marine News.

Marine 52
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New Jersey Transit Light Rail Crash Kills Operator; 23 Passengers Hurt

Insurance Journal

A New Jersey Transit light-rail train operator died and 23 passengers were hurt early Monday after the lead car hit a tree which fell onto the tracks. The incident occurred around 6 a.m.

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Fire on fishing vessel off Cape Town forces evacuation

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 fishing vessel off Cape Town forces evacuation appeared first on Insurance Marine News.

Marine 52
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Enhancing Workers’ Compensation and GL Underwriting with Underwriter Link

Insurance Journal

This post is part of a series sponsored by Selectsys. In the complex world of Workers’ Compensation and General Liability (GL) insurance, underwriters face the challenge of managing diverse carrier systems while ensuring compliance and maintaining efficiency.

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Crane collapse at Paradip Port injures operator, damages cargo vessel

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Crane collapse at Paradip Port injures operator, damages cargo vessel appeared first on Insurance Marine News.

Damage 52
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People Moves: Galla Joins Alliant as EVP, Alliant M&A; EPIC Expands Leadership in Northern California

Insurance Journal

Galla Joins Alliant Insurance Services as Executive Vice President, Alliant M&A Pete Galla joined Alliant Insurance Services as executive vice president and senior director, Alliant Specialty, within the company’s mergers and acquisitions vertical.

Insured 147
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Insurers embrace climate change investments as catastrophe costs mount

Elmore

Industry adopts low-carbon goals it once shunned as natural disaster losses exceed $100bn a year The post Insurers embrace climate change investments as catastrophe costs mount appeared first on Elmore Insurance Brokers.

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How Can Medicare Advantage Plan Be Zero Monthly Premium?

Smart Insurance Agents

Everything You Need to Know About $0 Monthly Premium Medicare Advantage Plans Medicare Advantage plans can offer a zero monthly premium due to how they are funded by the federal government. Private insurers receive subsidies to manage Medicare benefits, allowing them to reduce or eliminate premiums for beneficiaries. However, it’s important to understand how can Medicare Advantage plan be zero monthly premium doesn’t mean zero cost—other expenses like copayments and coinsurance can still apply.

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BP Marsh backs new energy-focused MGA

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post BP Marsh backs new energy-focused MGA appeared first on Insurance Marine News.

Marine 52
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Millennial Insurance Buyers — What Agents Need to Know to Sell to Them

American Agents Alliance

Millennials, born between 1981 and 1996, are one of the most significant and rapidly growing consumer markets. Understanding millennial insurance buyers and their motivations is critical for agents and brokers selling to this demographic. Millennials are often known for being diverse, tech-proficient, and committed to their values and expectations regarding companies they do business with and purchases they make.

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