Insurance Journal
OCTOBER 23, 2024
The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S.
Property Insurance Coverage Law
OCTOBER 23, 2024
While Jimmy Patronis and Governor DeSantis trumpet their latest emergency rule as consumer protection following the CBS 60 Minutes Expose noted in CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, the reality reveals a different story. Governor DeSantis’s response to the CBS 60 Minutes exposé on … The post The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insur
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Splash: Finance and Insurance
OCTOBER 24, 2024
Taiwanese carrier TS Lines launched its initial public offering in Hong Kong Thursday, looking to raise up to about $145m. The intra-Asia feeder specialist is floating nearly 251m shares at HK$3.50 to HK$4.50 apiece, according to a Thursday filing, of which 10% are being offered publicly in Hong Kong and 90% to international investors.
Central Insurance
OCTOBER 24, 2024
Running a commercial office comes with its share of responsibilities, from maintaining budgets, supervising staff, resolving customer issues, and managing the functionality of the workspace. While offices may not see the same hazards as industrial or construction sectors, theyre not immune to incidents that can lead to costly claims and increased insurance rates.
Advertiser: Trellis
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Insurance Journal
OCTOBER 23, 2024
Honda is recalling 780,000 vehicles in North America over concerns that a high-pressure fuel pump may crack and leak fuel.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Final Expense Brokerage
OCTOBER 23, 2024
Oct 24, 2024 1:53:43 PM Contact Us Share: Gain valuable insights for building trust with senior clientele. Establishing a strong connection with older clients is essential for excelling in final expense insurance sales. Elderly individuals are often at a stage in life where they are navigating sensitive issues such as planning for the end of their lives and ensuring financial stability for their loved ones to avoid unexpected expenses.
Central Insurance
OCTOBER 22, 2024
The towing industry plays a vital role in keeping America’s roads moving. Every day across the country, an average of 55,000 vehicles are towed. This number is only expected to grow as the average age of vehicles in the U.S. climbs to 12.6 years. However, the risks involved in the industry are just as significant. […] The post 3 Reasons to Invest in Towing Insurance For Your Tow Truck Company appeared first on Central Insurance Blog.
Insurance Journal
OCTOBER 21, 2024
Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs and improve risk management, but few are fully ready to comply with regulations or to monitor AI results.
Property Insurance Coverage Law
OCTOBER 22, 2024
Policyholders and public adjusters need to be aware that National Flood Insurance claims are very technical with demanding deadlines that must be met. While speaking in a webinar last night, I kept repeating the mantra—file the proof of loss exactly right, delivering it on time to the insurer and with all documentation on a filled … The post National Flood Lessons: Strict Enforcement of Deadlines Dooms Policyholder’s Flood Claim—A Reopened Claim Does Not Stop the Ticking Time Bomb a
Splash: Finance and Insurance
OCTOBER 22, 2024
Renewable energy firm Drax will add funding to develop Smart Green Shipping’s FastRig automated wind sail. Drax will inject £1m ($1.3m) into the initiative, matched by funding from the UK Government’s Clean Maritime Demonstration Competition grant.
LexisNexis
OCTOBER 22, 2024
We are now heading into the homestretch of yet another contentious election season in a national political climate where deep divisions are prevalent in our neighborhoods and town squares. The workplace is no exception to these environments of hyper political disagreements. A recent survey by Littler Mendelson of 400 in-house counsel and corporate executives found that 87% of employers expressed concern with managing divisive political and social beliefs among their employees leading up the elec
Insurance Journal
OCTOBER 23, 2024
Jio Financial Services Ltd.
Property Insurance Coverage Law
OCTOBER 24, 2024
The recently issued Emergency Rule 69BER24-4 in Florida creates a concerning conflict with Xactimate’s license agreement, highlighting yet another way the insurance industry exercises control over claims adjusting practices. Xactimate’s license agreement explicitly states: “You agree not to prohibit or preclude deviations from the Price Data where contractor requirements, market conditions, demand or any other … The post Florida’s Emergency Ethical Rule Conflicts wi
Splash: Finance and Insurance
OCTOBER 20, 2024
Atef Abou Merhi, managing director of Pelagic Partners, has some ship investment advice for Splash readers. When it comes to financial investment, the maritime industry represents an exciting, diverse and fast transitioning market – and one full of opportunity.
LexisNexis
OCTOBER 24, 2024
By Madison Johnson, Esq. | Marketing Manager One of the foundational disciplines of the practice of law is the drafting of documents, from business contracts and licensing agreements to client legal memoranda and litigation briefs, pleadings and motions. There is pressure to create documents that are effective for the client and to do so in an efficient manner.
Insurance Journal
OCTOBER 21, 2024
A 25-year-old Alabama man was arrested on Thursday for hacking the U.S. Securities and Exchange Commission’s X account this year as part of an alleged conspiracy to manipulate bitcoin prices, U.S. prosecutors said.
Property Insurance Coverage Law
OCTOBER 19, 2024
A federal appellate decision has provided valuable insights into the claims handling practices of Church Mutual Insurance Company and the duties of insurers in Louisiana. The case of First Baptist Church of Iowa, Louisiana v. Church Mutual Insurance Company, 1 offers important lessons for property adjusters and claims managers across the industry. This case serves … The post Church Mutual’s Claims Practices Under Scrutiny: Lessons from the First Baptist Church of Iowa Case appeared f
Splash: Finance and Insurance
OCTOBER 22, 2024
Norwegian offshore services player Reach Subsea has secured backing from the EU Innovation Fund to scale up the development of its remote unmanned surface vessels.
LexisNexis
OCTOBER 22, 2024
Lex Machina is proud to announce the release of enhancements to Litigation Footprint, a feature that offers an impressively broad range of party litigation data and that can combine searches across state, federal, and administrative courts into an easily digestible report. The new enhancements include a clarified report format identifying plaintiffs, defendants, and law firms for each where available.
Insurance Journal
OCTOBER 24, 2024
Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the Global Insurance Market …
Insurance Marine News
OCTOBER 23, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post More than 6% of international trade vessels now in shadow fleet, says Kpler appeared first on Insurance Marine News.
Splash: Finance and Insurance
OCTOBER 21, 2024
Greek bulker owner Diana Shipping has struck a refinancing deal with Danish Ship Finance. The Danish lender has provided $80.2m to the New York-listed company to refinance the existing loan the duo previously agreed to and originally maturing in April 2028 while secured by nine vessels.
AMAXX
OCTOBER 24, 2024
Workplace injuries can have significant financial and operational impacts on businesses, but the cost to the employee is often much greater. From physical pain to financial insecurity, an injury can be life-altering. Despite this, many employers overlook one of the most critical aspects of workplace injury management: rehabilitation. Rehabilitation, particularly through physical therapy, occupational therapy, and vocational rehabilitation, plays a vital role in an employee’s recovery proce
Insurance Journal
OCTOBER 24, 2024
Commercial insurance rates during the third quarter in the U.S. increased 3%, with casualty rates up 10%.
Insurance Marine News
OCTOBER 23, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post UK says Russian strikes on Black Sea ports are delaying grain supplies to Palestinians, global south appeared first on Insurance Marine News.
Splash: Finance and Insurance
OCTOBER 24, 2024
Greece’s Performance Shipping has agreed a new sale and leaseback deal for one of its newbuilds.
Neilson Marketing Services
OCTOBER 23, 2024
The insurance distribution landscape is changing more quickly than ever before. Carriers, MGAs, wholesalers, and InsurTechs are all facing growing complexity. While new tech is reshaping how insurance is bought and sold, one of the biggest challenges remains unchanged—effective distribution. While focusing on the latest shiny objects of innovations is tempting, the real key to growth lies in finding the right distribution partners.
Insurance Journal
OCTOBER 22, 2024
State Farm will provide smoke alarms to more than 1,300 Texas homes during the Out to Alarm Texas 2024 campaign, the Insurance Council of Texas shared.
Insurance Marine News
OCTOBER 21, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Fire on products tanker in Singaporean Strait appeared first on Insurance Marine News.
Property Insurance Coverage Law
OCTOBER 21, 2024
I thought my last blog mentioning my friend Kermith Sonnier would be Public Adjuster Kermith Sonnier Passes. The Fifth Circuit Court of Appeals changed that with an extensive discussion of Kermith’s expert damages testimony and opinions in the case analyzed in yesterday’s post, Church Mutual Prevails in Latest Hurricane Laura Bad Faith Case: Key Differences … The post Lessons For Expert Damage Estimators From Kermith Sonnier’s Back-To-Life Legal Highlight appeared first on Property Insuran
RiskQuoter
OCTOBER 21, 2024
Cigar smokers – you can get non-smoker life insurance rates! We'll show you which companies offer the best deals based on how often you smoke. Our expertise and competitive rates will save you money. The post Cigar Smokers Never Pay Smoker Life Insurance Rates! appeared first on RiskQuoter.com.
Insurance Journal
OCTOBER 22, 2024
Allianz SE is in talks to scrap two Indian joint ventures with Bajaj Finserv Ltd., in a dispute over the direction of the partnership, according to people familiar with the matter. Allianz plans to exit Bajaj Allianz Life Insurance Co.
Insurance Marine News
OCTOBER 21, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Singapore agencies working with Shell to clean up 30 to 40 tonnes of leaked slop appeared first on Insurance Marine News.
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