Sat.Jul 27, 2024 - Fri.Aug 02, 2024

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Extreme Weather Sends Insured Losses 70% Above Historical Norms

Insurance Journal

Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the 10-year average — as extreme wildfires, droughts and floods upend historical norms.

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Flooring Installer Insurance: What Policies Do I Need?

Central Insurance

Explore comprehensive insights on flooring installer insurance, including coverage options, benefits, and expert tips. Learn how to protect your business and ensure peace of mind in the flooring industry. The post Flooring Installer Insurance: What Policies Do I Need? appeared first on Central Insurance Blog.

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Court Addresses Whether Rainwater Accumulation on Roof Constituted “Surface Water”

The Property Insurance Law Observer

In Zurich American Insurance Company v. Medical Properties Trust, Inc. , 2024 WL 3504060 (Mass. Jul. 23, 2024), the Supreme Judicial Court of Massachusetts held that the term “surface waters,” as used in a limitation contained in commercial property insurance policies, was ambiguous in the context of rainwater accumulating on roofs, thereby finding coverage for the insured.

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LMI Claims Conference

Prof. Allan Manning

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

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AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023

Insurance Journal

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.

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Furniture Store Insurance: The Five Policies You Need to Protect Your Business

Central Insurance

Furniture store insurance is a handful of policies designed to protect your business. Learn the right policies to protect your physical assets and ensure your operations can quickly recover after disruptions. The post Furniture Store Insurance: The Five Policies You Need to Protect Your Business appeared first on Central Insurance Blog.

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Patience is a Virtue: Keeping your Cool when the Going Gets Tough

Solstice Insurance Broker

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.

More Trending

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Miami’s ‘Impossible’ Traffic Mess Shows Strains of Booming South

Insurance Journal

Former reality TV star Fredrik Eklund zips up and down Miami in a lilac Rolls-Royce with a turquoise interior, hunting for multi-million-dollar homes for the rich and powerful. That is, when he’s not stuck in the gridlock.

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Safe 3D Printing is for Everyone, Everywhere

CDC: Workers Compensation

Three-dimensional (3D) printing has become more popular in recent years. These printers can create objects by building them layer by layer from a digital design. 3D printing is an important part of modern inno­vation because it speeds up the design and testing of new ideas. It can also help produce complex and precise parts. The National Institute for Occupational Safety and Health (NIOSH) is working to minimize the potential health and safety risks from using 3D printers.

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Stay safe at home: Expert gas leak safety tips.

Frankenmuth Insurance

Did you know around 125,000 households experience gas leaks each year? Despite its daily importance for heating and cooking, gas can also pose serious safety hazards. That’s why it’s important to stay informed and proactive. Follow our expert-backed gas leak safety tips to protect your home and family. Recognizing the signs of a gas leak: Identify unusual odors.

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TurboRater Integrations Info Sheet

Zywave

Integrate TurboRater with your agency management system to instantly bridge quote data directly into your workflow to save time, reduce manual entry errors, and increase the efficiency of your workflows.

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Damaging West Texas Earthquakes Likely Caused by Oil and Gas Activity: USGS

Insurance Journal

Damaging earthquakes that rocked West Texas in recent days were likely caused by oil and gas activity in an area that has weathered tremors for decades, according to the U.S. Geological Survey.

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When Nanoparticles Blow Up— Explosion Hazards of Nanoparticles

CDC: Workers Compensation

This blog is part of a series to commemorate the 20th anniversary of the Nanotechnology Research Center. Click here for additional blogs in the series and on other nanotechnology topics. Engineered nanoparticles are synthesized materials with at least one dimension smaller than 100 nanometers. Reactive nanoparticles pose a special hazard. The heat released by the rapid oxidation of aerosolized combustible nanoparticles increases the temperature and pressure of the suspending gas.

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European Commission launches ship finance portal

Splash: Finance and Insurance

The European Commission has launched a ship financing portal in a bid it says to boost the maritime sector’s green transition.

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MGA Hub Carrier List

Zywave

Simplify your quoting and proposal process with Excess & Surplus insurers all in one tool. Take a look at our latest carrier library as of August 2024.

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Delta Air Lines to Seek Compensation Over Cyber Outage: Report

Insurance Journal

Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday.

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2025 Registration and Training for Marketplace Agents and Brokers

PSM Brokerage

Registration and Training for Marketplace Agents and Brokers Plan year 2025 Marketplace registration and training is now available for new and returning agents and brokers on the Marketplace Learning Management System (MLMS). Plan year 2025 Marketplace training is available in English and Spanish. New Agents and Brokers Agents and brokers who are new to the Marketplace this year, or who did not complete plan year 2024 registration and training, are required to take the full Individual Marketplac

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Shield Insurance Agency is Now Hiring!

Shield Insurance Agency

Shield Insurance Agency is Now Hiring a full-time Insurance Customer Service Rep and Account Manager for our main office in Hudsonville, Michigan. Job description: Insurance Customer Service Rep and Account Manager Job Type: Full-time Salary: Up to $50K per year to start Schedule: 8-hour shift Day shift Monday to Friday Supplemental pay types: Christmas bonus Carrier bonus Education: High school or equivalent (Preferred) P&C License is a big plus Experience: Customer service: 1 year (Require

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Insurer can’t subrogate

Rough Notes

INSURANCE-RELATED COURT CASES Digested from case reports published online COURT DECISIONS Insurer can’t subrogate In 2014, C.H. Yarber Construction entered into an agreement with Profile Properties to lease property in Cheyenne, Wyoming. The leased property contained an office facility, two warehouses, and approximately three-and-a-half acres of fenced yard space encompassing the buildings.

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Castle Key Nonrenewing 33,000 Policies as Florida Mulls Special Session on Condos

Insurance Journal

Allstate’s Florida subsidiaries are nonrenewing some 33,000 condominium unit policies over the next several months, delivering another blow for beleaguered condo owners across the state.

Policy 299
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What Is a Health Insurance Broker – and What Does a Broker Do?

Word & Brown

A Health Insurance broker – sometimes called an insurance agent – is a licensed professional who works with individuals and businesses to help them shop for and compare insurance policies. You can focus on Health and Life insurance or Property and Casualty (P+C) Insurance, or earn multiple licenses and offer a variety of coverage to your clients. Beyond sales, the life of an insurance broker includes service to customers after the sale related to claims, administration, and annual renewal.

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How SEO Experts Can Help Businesses with Their Marketing Strategy

Leadsurance

Research indicates that 68% of online experiences start with search engines. So, for businesses today, it is very important to have a good online presence. Search engine optimization (SEO) helps in making sure your website and content can be seen by those you aim for. While some businesses may attempt to handle their SEO internally, partnering with an SEO expert can offer significant advantages to your marketing strategy.

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OSV player Bhagwan Marine debuts on ASX

Splash: Finance and Insurance

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.

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Hurricane Beryl Death Toll Grows to At Least 36, Including Those Who Lost Power

Insurance Journal

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 …

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Overcoming Sales Plateaus: 9 Tips to Break Through Performance Slumps

Word & Brown

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.

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Workers’ Comp Cost Formula To Accurately Assess Your Risk

AMAXX

Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Importance of Proper Classification It’s gonna be talking about today primarily where a lot of our training focuses, a lot of my training focuses is over in this area, which is your experience mods, your adjustments.

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Hayfin seals management buyout deal with Arctos

Splash: Finance and Insurance

UK alternative investment platform Hayfin Capital Management has reached an agreement with US private equity group Arctos Partners to secure a management buyout of the business. The deal will see the acquisition of British Columbia Investment Management Corporation’s majority stake for an undisclosed sum. One of the largest institutional investors in Canada, with C$250.

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600-Square-Mile-Plus Wildfire in California Now State’s Fifth Largest on Record

Insurance Journal

The Park Fire near Chico, California, at 609 square miles is now the fifth largest wildfire in history, destroying 277 structures and damaging 29, according to CalFire. The fire covers four counties—Butte, Plumas, Shasta, Tehama—and is 389,791 acres.

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The Role of Appraisals in Fine Art Insurance

Distinguished

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.

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Leveraging Social Media For Insurance Agency Networking In 7 Simple Steps | EverQuote

EverQuote

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?

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CHUBB HOMEOWNERS INSURANCE COVERAGE

Boyle Agency Insurance

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

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Global Accounting Body Wants More Rigor in Showing Climate Impacts

Insurance Journal

A global accounting body on Wednesday proposed guidance on how companies can do more to show the impact of climate change on their financial performance, saying standalone disclosures do not give investors the clarity they need.

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Diana Shipping fixes $167m refinancing  

Splash: Finance and Insurance

Greece’s Diana Shipping has secured a new $167.3m loan from Nordea to refinance its existing commitments with the Nordic bank. The New York-listed shipowner said the proceeds of the new loan, secured by 10 vessels, have been utilised to refinance two loans maturing in October 2027 and June 2028 secured by 12 bulkers.

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The Role of an Injury Coordinator in Workers’ Compensation Management

AMAXX

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.

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Technology in the Palm of Your Hand

Word & Brown

In this day and age, tech is king. Whatever we want to do, there’s a way to do it faster and more conveniently thanks to technology. From drones dropping off Amazon orders to holograms of artists from the past surprising us at concerts, there’s always something new and innovative coming into the world. That tells us technology is moving far faster than our minds even have the ability to comprehend.

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Black Bear and Cub Destroy Car in Connecticut After Getting Trapped Inside

Insurance Journal

Trapped inside a car, the adult black bear and cub thrashed about. The horn was blaring and the radio blasting. Outside the car, a second cub ran around in apparent distress by the Connecticut home.

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Macro problems on the horizon

Splash: Finance and Insurance

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 …

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