Insurance Journal
JULY 21, 2024
Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with moderate rate increases and more availability.
Central Insurance
JULY 25, 2024
LRO insurance provides comprehensive protection against commercial property damage, liability claims, and income loss. In this article, we explore the key differences between LRO and general liability insurance and why commercial landlords need to have this coverage. The post What is LRO Insurance? appeared first on Central Insurance Blog.
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The Property Insurance Law Observer
JULY 25, 2024
The recent decision of Marcantel v. State Farm Fire , No. 2:22-CV-01511, 2024 U.S. Dist. LEXIS 111077 (W.D. La. June 24, 2024) offers valuable lessons for policyholders regarding the importance of cooperation in the insurance claims process. In Marcantel , the plaintiff suffered damage from Hurricane Laura at two properties in Louisiana. Both properties were insured by State Farm under policies that required the plaintiff to comply with certain “Duties After Loss,” which included exhibiting the
Word & Brown
JULY 26, 2024
When you’re just starting out in your insurance sales career, you may not realize how important soliciting and embracing customer and prospect feedback can be in helping you improve your skills, boost your future sales, and build a more successful business. Asking for and receiving feedback can provide you with insights you might otherwise be unable to secure.
Insurance Journal
JULY 24, 2024
The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19 is $5.4 billion, modeling and insurance services firm Parametrix estimates.
Central Insurance
JULY 22, 2024
Nevada drivers face unique risks, from extreme weather to diverse driving conditions. Learn about essential Nevada auto insurance coverages to protect yourself on the road. The post Nevada Auto Insurance: What to Consider When Covering Your Vehicles appeared first on Central Insurance Blog.
Cowbell
JULY 26, 2024
I am thrilled to announce that we have successfully closed our Series C funding round, raising $60 million from Zurich to accelerate our growth and bolster our cyber resilience services. This is a significant milestone and I am excited about our next chapter and the opportunities ahead. State of Cyber Insurance The global cost of cybercrime is estimated to reach $24 trillion by 2027 , and ransomware attacks alone cost small businesses $1.7 million per incident on average.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
JULY 23, 2024
Britain’s Environment Agency on Tuesday lambasted the country’s water companies for spewing sewage into rivers and seas, saying the majority of them were failing to get the basics right, as it outlined plans for a tougher regulatory approach.
Central Insurance
JULY 20, 2024
HVAC contractors face a unique set of liabilities. In this article, we explore a few of the common HVAC risks and the types of insurance coverage you need to protect your business, employees, and livelihood. The post HVAC Insurance: Five Policies for Your Business appeared first on Central Insurance Blog.
Frankenmuth Insurance
JULY 25, 2024
Did you know 75% of businesses in the United States are underinsured by 40% or more? To ensure yours isn’t one of them, having the right coverage in place is key. Wondering what is the best type of insurance for a small business like yours? Your local, independent agent is here to help you decide. They’ll get to know you, your operations, and any areas of risk or need.
Cowbell
JULY 25, 2024
In a recent Cowbell Academy webinar, Cowbell partnered with DarkOwl , a leading darknet data provider, to give agents an inside look into the darknet. The Cowbell and DarkOwl teams not only gave a rare glimpse of the darknet, but they also showed agents how Cowbell helps to protect policyholders by determining the level of risk associated with an organization’s exposure on the dark web.
Insurance Journal
JULY 23, 2024
Hackers have leaked internal documents stolen from Leidos Holdings Inc., one of the largest IT services providers to the US government, according to a person familiar with the matter.
ProWriters
JULY 25, 2024
According to chief information security officers (CISOs), in 2023, three out of four U.S. companies faced the risk of a significant cyber attack. Analysts project cyber crime to cost the U.S. more than $452 billion in 2024, potentially reaching $1.8 trillion by 2028. For most companies, a cyber breach isn’t a question of if but when. So, how should your business clients handle a breach?
RiskQuoter
JULY 24, 2024
Navigating life insurance with a mental health condition can be confusing. This guide explains the factors that affect your eligibility and how to find affordable coverage in 2024. The post Life Insurance and Mental Health: Your Complete Guide to Coverage appeared first on RiskQuoter.com.
Agency Revolution
JULY 23, 2024
Recently, the morning after a delightful pizza dinner at one of my favorite local breweries, I had a thought that stopped me in my tracks: choosing MarTech for your agency can follow the same thought process as ordering your pizza. Sounds crazy and over-simplified, right? I disagree! The dinner that got me thinking about this was a pretty common one: shared salad and pizza, at a place that only serves 1 size, cut tavern-style because this is Columbus, OH.
Insurance Journal
JULY 21, 2024
Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said.
InsuranceBee
JULY 23, 2024
When you’re running a landscaping or lawn care business, one of the most crucial questions you can ask yourself is: do I need workers’ compensation insurance? Frankly, with workers’ comp, there’s little to no gray area. By most states’ statutory … Read more. The post Do landscaping companies need workers’ compensation insurance? appeared first on InsuranceBee Blog.
Mark Jackson Insurance Agency
JULY 23, 2024
Driver delivering packages by Kampus Production In the commercial auto industry, safety is paramount. Not only does it concern the well-being of drivers and the public, but it also significantly impacts operational costs and company reputation. With advancements in technology, telematics has emerged as a powerful tool for enhancing commercial driver safety.
Wren Insurance Agency
JULY 22, 2024
When you purchase your first home, if you are using a mortgage lender to finance your investment, you'll learn that your property taxes and home insurance fees are going to be included in your monthly mortgage amount. Property taxes are paid in arrears and homeowners insurance is paid in advance. So… when you first purchase your home, you will have already secured an insurance policy and that amount will be factored into your monthly payments to the mortgage company moving forward.
Insurance Journal
JULY 26, 2024
California Insurance Commissioner Ricardo Lara said on Friday that he and the California Fair Plan have agreed to establishing a new high value commercial coverage option with limits up to $20 million per building and other steps that he said …
Agency Revolution
JULY 23, 2024
Recently, the morning after a delightful pizza dinner at one of my favorite local breweries, I had a thought that stopped me in my tracks: choosing MarTech for your agency can follow the same thought process as ordering your pizza. Sounds crazy and over-simplified, right? I disagree! The dinner that got me thinking about this was a pretty common one: shared salad and pizza, at a place that only serves 1 size, cut tavern-style because this is Columbus, OH.
American Agents Alliance
JULY 22, 2024
Sales and marketing efforts are a part of every agent’s business. Using marketing strategies that align your agency to the local market can help an agent grow locally. Try some of these ideas to help develop your local agency business. Marketing Strategies Designed for Local Markets Customers who reside in or do business in your local area often form a major part of your customer base.
AMAXX
JULY 23, 2024
Return-to-Work (RTW) programs play a crucial role in the modern workplace, especially in light of the challenges faced by employees and employers alike. With increasing stress levels, health issues, and economic pressures, the importance of Return-to-Work programs has never been more evident. These programs are designed to help injured or ill employees transition back to work as soon as they are medically able, offering numerous benefits to both parties involved.
Insurance Journal
JULY 23, 2024
The highest court in Massachusetts has ruled that rainwater accumulation on roofs of buildings does not constitute “surface waters” within the meaning of “flood” in property insurance policies.
Distinguished
JULY 22, 2024
To their owners, collectibles are not just objects — they’re tangible pieces of history and culture and a direct reflection of their passions. However, the very qualities that make collectibles so precious also expose them to unique risks. Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble.
The Insurance Pro
JULY 22, 2024
A number of years ago, we stopped regularly updating various analyses we performed on the insurance industry. This, of course, brought on questions. What motivated our decision to end this practice? Was there some objective we sought to accomplish by ignoring it? Perhaps the data was no longer supporting our narrative about a strong industry. Keep Reading The post 2023 Whole Life Company Asset Yield Trend appeared first on The Insurance Pro Blog.
Splash: Finance and Insurance
JULY 21, 2024
Greek shipowners and entrepreneurs Dimitris Bakos and John Kaimenakis have stepped up their game in the banking sector with a merger deal with Greece’s fifth-largest lender. Thrivest Holding, owned by the duo together with Alexandros Exarchou, has finalised a deal to combine Pancreta Bank and its larger peer, Attica Bank.
Insurance Journal
JULY 23, 2024
A growing homeowners insurance crisis for Californians is straining brokers who must work harder to get increasingly expensive and more frequently unavailable coverage for their clients, a crisis many of them blame on regulations and wildfires.
Bankers Insurance
JULY 22, 2024
Westfield’s Legacy of Caring Program Partners with Westfield Insurance Agencies to Support Dozens of Nonprofits Across the Country Westfield partnered with Bankers Insurance to donate $9,500 to the American Red Cross as part of Westfield’s Legacy of Caring program. Each year, Westfield’s top independent insurance agents are invited to nominate a local nonprofit in their community to receive a donation.
Triple-I: Workers Compensation
JULY 22, 2024
By Max Dorfman, Research Writer, Triple-I For the last 35 years, the National Conference of Insurance Guaranty Funds (NCIGF) – an organization dedicated to serving 55 property/casualty state guaranty funds – has provided operational support; communications, education, and outreach; as well as public policy management for these organizations. State guaranty funds make up a privately funded, nonprofit state-based national system that pays covered claims up to a state’s legally allowable limits, pr
Property Insurance Centre
JULY 21, 2024
Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024 We are delighted but not surprised to announce that our claims partner, Aspray, has won the prestigious “Loss Assessor of the Year 2024” award at the British Claims Awards. Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim.
Insurance Journal
JULY 25, 2024
The U.S. Federal Trade Commission has launched a study of products that could allow companies to set different prices for consumers based on their locations, past purchases, and other personal data.
Splash: Finance and Insurance
JULY 24, 2024
The complex insurance picture surrounding the so-called dark fleet of tankers trading around the world has become even more unsure.
Simply Insurance
JULY 26, 2024
The average cost of renters insurance is $15.58 per month or $187 per year. The costs are based on the policy coverage limits, deductibles, the company you choose, and location.
Majesco
JULY 25, 2024
Knowledge is no longer just power — it’s business gold. Advanced analytics in insurance, when coupled with the right data, can identify new customers, drive operational improvements, or create better claims outcomes. We’ve moved from reporting and business intelligence dashboards to analytic solutions that can adapt and organize data based on what it is seeing and experiencing.
Insurance Journal
JULY 25, 2024
Uber Technologies Inc. and Lyft Inc. can keep classifying California drivers as independent contractors, after the state’s top court said a company-backed law passed by voters doesn’t wrongly curtail the legislature’s power over worker protections.
Client Focus
JULY 23, 2024
Growing sales and growing the business don’t always correlate. I’ve seen them have a negative correlation. It’s not that more sales is bad. It’s that for many small businesses, sales isn’t the problem. And so sales isn’t the solution. Find the Constraint. Something is constraining growth. And if you don’t find it, you can’t fix it. But many small business owners see themselves as salespeople.
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