Sat.Dec 21, 2024 - Fri.Dec 27, 2024

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New York to Fine Fossil Fuel Companies $75 Billion Over 25 Years for Climate Damage

Insurance Journal

New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday.

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Amica Finishes Number One in Claims Customer Satisfaction—Lessons For Adjusters About the Role of Empathy In an AI Claims Handling World

Property Insurance Coverage Law

Allen Laman wrote an article for Carrier Management, which was re-published in part in the Claims Journal, Claims Satisfaction Leaders Reveal Secrets to Success.One point of the article came as no surprise, with AMICA claiming top scores in a survey of claims customer satisfaction: Amica Mutual Insurance ranked highest in overall auto claims customer satisfaction … The post Amica Finishes Number One in Claims Customer SatisfactionLessons For Adjusters About the Role of Empathy In an AI Cla

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Essential Communication Tools for Insurance Agents | Solstice

Solstice Insurance Broker

In the world of insurance, effective communication is your key to keeping clients happy and your business booming. It's all about managing what your clients expect and quickly sorting out any bumps along the way.

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Plumbing Memes: 100 of the Best Plumber Memes in a Gallery

Leadsurance

Being in the holiday spirit we thought we’d do a fun one today, the day before Christmas Eve. Also in celebrating expanding our services into additional industries as we continue to service the insurance industry as well. Here is one we can all relate to, even if we don’t work in the plumbing or HVAC industries, we all rely on good plumbing and HVAC systems.

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3rd-Party Litigation Funding, Federal Regs Among Insurance Trades’ Priorities for 2024

Insurance Journal

Insurance trade organizations are always working for the industry so Insurance Journal asked them: What are the top priorities and/or challenges heading into 2025? Here are the responses we received: David A.

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A Christmas Message

Property Insurance Coverage Law

As the holiday season fills the air with warmth and joy, I find myself reflecting on the deeper meanings of Christmas and the significance of relationships we cultivate in our personal and professional lives. This reflection has reminded me of the enduring value of love, kindness, and connectionprinciples that should guide us not only during … The post A Christmas Message appeared first on Property Insurance Coverage Law Blog.

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6 times when you should hire a contractor.

Frankenmuth Insurance

Knowing when to hire a contractor can make a big difference in the outcome of your home project. While some tasks can be done by yourself for less time or money, others require the expertise and credentials of someone who does them for a living. Have home projects on the horizon ? See six instances when we suggest hiring a contractor. When youre starting a large-scale renovation.

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Claims Satisfaction Leaders Reveal Secrets to Success

Insurance Journal

What is the secret to an insurance claims experience that satisfies customers? For years, J.D. Power has conducted surveys and curated lists recognizing insurers that succeed at providing satisfactory claims experiences.

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Ice Damming Case Denied or Not Fully Paid? Eyewitness Accounts Tip the Scales in Ice Damming Insurance Dispute

Property Insurance Coverage Law

Who in their right mind would climb onto their roof in the dead of winter in Idaho? Its freezing outside, ice is forming, and snow piles precariously on every surface. These conditions invite some dummies to slip and fall to ones death. At best, you will risk falling or freezing your fingers. No homeowner or … The post Ice Damming Case Denied or Not Fully Paid?

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Investment Grade Life Insurance?

The Insurance Pro

Key Things to Know The term investment grade life insurance is a marketing tactic used by agents to sell whole life insurance policies. While some whole life policies may be better suited for cash value maximization, there is no official designation for investment grade life insurance. Ultimately, its important to understand that investment grade life.

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Financial Tips for Seniors: How to Maximize Social Security and Pension Benefits

P&L Financial Services

As an insurance agent, your role extends beyond policies and premiumsyoure a trusted advisor helping seniors navigate their financial futures. Social Security and pension benefits are critical components of that future, and your guidance can make all the difference. Heres how you can help your senior clients maximize these benefits while ensuring financial stability in retirement.

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Wells Fargo Says It’s Quitting Climate-Banking Group

Insurance Journal

Wells Fargo & Co. said it’s leaving the world’s biggest climate alliance for banks, in the latest sign that Wall Street is breaking away from such groups.

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Austin Merlin Myers Is a Contender

Property Insurance Coverage Law

My daughter Austin recently graduated from Stetson Law School.She did so with Honors and even achieved four book awards, representing the highest grade in a class.I may not have had four As during law school, much less any hope of a coveted book award.Austin also had the extra blessing of being a mom and giving … The post Austin Merlin Myers Is a Contender appeared first on Property Insurance Coverage Law Blog.

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Is 10 Pay Whole Life Insurance Any Good?

The Insurance Pro

Key Things to Know 10 Pay Whole Life Insurance is a policy that guarantees a death benefit after 10 years of premium payments, making it a cost-effective option for those prioritizing a guaranteed death benefit. While it offers a lower total cost for a guaranteed death benefit compared to longer-term policies, it may not be. Keep Reading The post Is 10 Pay Whole Life Insurance Any Good?

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Insurers offer pension schemes discounts to meet buyout targets

Elmore

Plans pursuing bulk annuity transactions offered multimillion incentives to accelerate deals The post Insurers offer pension schemes discounts to meet buyout targets appeared first on Elmore Insurance Brokers.

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Losses From Crypto Hacks Jump to $2.2B in 2024, Report Says

Insurance Journal

Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday.

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National Flood Claims Have a One-Year Statute of Limitations

Property Insurance Coverage Law

The title of this post is not correct.But it is safer than saying the correct rule of law. A recent order dismissing a case involving a claim brought under the National Flood Insurance Program (NFIP)for failing to bring suit within the one-year limitations time shows why my practical rule may be better than the more … The post National Flood Claims Have a One-Year Statute of Limitations appeared first on Property Insurance Coverage Law Blog.

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The Top 5 Ways To Make Sure Clients Are Prepped For Winter

Rough Notes

Let them know what to expect and assure them that you are available to assist them Every year seems to bring with it some new iteration of Snowpocalypse or Snowmageddon. Make sure your clients protectthemselves, their families, and, if applicable, their employees.

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Blog Post: 2024 Year In Review Most Popular Content

LexisNexis

In mid-July 2024, the CounselLink blog was officially launched, publishing twice weekly to provide those interested with enterprise legal management features and content for the corporate legal world. Our audience of readers is people in legal operations, in-house legal teams and the outside counsel they hire. Legal topics run the gamut from anything relating to enterprise legal management software; contract lifecycle management solutions; financial management and cost-cutting strategies for leg

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Germany’s BioNTech Settles With US Agency, UPenn Over COVID Vaccine Royalties

Insurance Journal

BioNTech has entered into two separate settlement agreements with the U.S. National Institutes of Health and the University of Pennsylvania over the payment of royalties related to its COVID-19 vaccine, the company said in filings.

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Coverage Lessons Public Adjusters Should Learn from the Vultures Case

Property Insurance Coverage Law

Want to learn how to argue for coverage? Sometimes, lessons can be learned from cases that do not end favorably for the policyholder. Yesterdays post, When Vultures Circle, Coverage Can Be a Hard Bird to Land, is one example of a case where an excellent public adjuster and attorney took two steps every public adjuster … The post Coverage Lessons Public Adjusters Should Learn from the Vultures Case appeared first on Property Insurance Coverage Law Blog.

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Is your Agency Climate-Ready for 2025? The Role of insurtech on Risk Management

InsuredMine

Climate change poses an extraordinary challenge for businesses, insurers, and governments alike, making the task of adapting and building resilience feel almost overwhelming. However, the good news is that the there are solutions readily available to tackle this challenge already existwhats crucial now is weaving them into a cohesive, unified strategy.

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HVAC Memes: 100 of the Best HVAC Memes in a Gallery

Leadsurance

Being in the holiday spirit, we thought we’d share something fun today! We’re also celebrating our growth as we expand into new industries like plumbing and HVAC , all while continuing to serve the insurance industry. Which by the way if you don’t already know our full history then checkout our about page to learn more. We actually got started working with plumbers and HVAC professionals at All Pro Texas in San Antonio and Austin Drain and Air Rescue in Austin back in 2012.

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Pittsburgh Regional Transit Dealing With Ransomware Attack

Insurance Journal

Pittsburgh Regional Transit (PRT) has reported it is responding to a ransomware attack that was first detected on December 19, a day when the rail service experienced temporary disruptions.

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When Vultures Circle, Coverage Can Be a Hard Bird to Land

Property Insurance Coverage Law

Sometimes, the facts of a case are stranger than fictionlike this one, where the villain wasn’t fire, wind, or water but rather turkey vultures with a penchant for real estate destruction. Mitchellville Plaza Bar, the property owner, found themselves facing extensive roof damage caused by a congregation of these feathered invaders. They turned to their … The post When Vultures Circle, Coverage Can Be a Hard Bird to Land appeared first on Property Insurance Coverage Law Blog.

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Blog Post: What Is A Vendor Management System?

LexisNexis

A vendor management system (VMS) is a comprehensive software solution designed to help organizations streamline and automate their vendor management processes. It provides a centralized platform for handling the entire vendor lifecycle, from sourcing and onboarding to performance tracking and payment. Often, vendor management is part of enterprise legal management software , as one of the primary features.

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Do I have the right lock for my insurance?

Property Insurance Centre

Do I have the right lock for my insurance ? Being a Commercial Property Owner or Business Owner you will be aware there will be certain conditions within your insurance policy with regard to the Security at the premises. However, the first thing you should ask yourself, is, “Do I have the right lock for my insurance?” Below are just a few examples of what many concern themselves with first, before they consider what lock they have.

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9 Insurance Commissioners Urge DOGE to Junk FIO

Insurance Journal

Insurance commissioners from nine states are looking to the new Department of Government Efficiency to do away with the Federal Insurance Office.

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2,000 jobs set to be lost in Aviva’s £3.7bn takeover of Direct Line

Elmore

Groups agree deal to control a fifth of UK motor insurance market The post 2,000 jobs set to be lost in Avivas 3.7bn takeover of Direct Line appeared first on Elmore Insurance Brokers.

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Blog Post: Undocumented Immigrants Pay More Than Their Fair Share of Taxes

LexisNexis

Marco Guzman, The Hill, Dec. 24, 2024 "Much like their neighbors, undocumented immigrants pay sales and excise taxes on goods and services such as groceries, gas and utilities. They pay property tax regardless of whether they own a home or rent (since landlords pass on a portion of the tax on to renters). They pay payroll taxes via automatic withholdings from paychecks and income taxes in various ways, like by filing with what the IRS calls an ITIN, or Individual Taxpayer Identification Num

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Best Insurance Franchising Opportunities in 2025 

Agency Height

Find out the best insurance franchise opportunities in 2025 and learn about the best insurance franchise to own. Learn more.

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Lawsuit Targets Universities for Allegedly Favoring Wealthy in Admissions

Insurance Journal

Children of the wealthy and connected get special admissions consideration at some elite U.S. universities, according to new filings in a class-action lawsuit originally brought against 17 schools.

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What is Dividend Paying Whole Life Insurance?

The Insurance Pro

As its name implies, dividend paying whole life insurance is a form of whole life insurance that earns a dividend. The official insurance term used to identify a dividend paying whole life policy is “participating” because the policy participates in the divisible surplus (i.e. profits) of the insurance company. The alternative to a dividend paying.

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Blog Post: First Amendment Defenses to Alien Transportation Crimes

LexisNexis

Prof. Charquia Wright, First Amendment Defenses to Alien Transportation Crimes, 32 Wm. & Mary Bill Rts. J. 971 (2024) "Florida law now prohibits the transportation of undocumented aliens into the state. Briefings characterize these laws as unconstitutionally preempting federal immigration law and federal due process rights. Despite this emphasis on due process, field, and conflict preemption unconstitutionality, few have addressed the First Amendment implications of human smuggling pros

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