Insurance Journal
SEPTEMBER 25, 2024
Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country.
Property Insurance Coverage Law
SEPTEMBER 27, 2024
The American Policyholders Association (APA) has reported that CBS 60 Minutes is running a story this Sunday evening about altered estimates by claims managers, which result in underpayments to policyholders. The APA notice states that “a disturbing scandal” uncovered by Merlin Law Group attorney Steven Bush and the APA resulted in whistleblowers reporting on insurance … The post CBS 60 Minutes to Run Story Regarding Altered Insurance Estimates Resulting in Fraudulent Underpayments to Poli
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Solstice Insurance Broker
SEPTEMBER 23, 2024
Options, options, options. Whether it’s having over 30 different brands of toothpaste to choose from, or hundreds of cable channels, consumers have choices. This also applies to employer groups. They have a lot of options when it comes to choosing which broker they partner with; so, why should they choose you? The key is knowing how to successfully build and maintain relationships with clients , where they know that their needs are your priority.
The Property Insurance Law Observer
SEPTEMBER 23, 2024
In AMAG Pharmaceuticals, Inc. v. American Guarantee and Liability Insurance Company , the United States District Court for the District of Massachusetts held that a loose bolt or fitting that could be remedied simply by tightening it did not constitute “direct physical loss of or damage” to equipment covered under an all-risk property insurance policy. [1] Background The insured, a pharmaceutical company that owned the rights to a particular drug, contracted with a third-party supplier to manufa
Insurance Journal
SEPTEMBER 25, 2024
State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis.
Property Insurance Coverage Law
SEPTEMBER 24, 2024
In a significant move to protect policyholders, the Michigan Department of Insurance and Financial Services (DIFS) issued a groundbreaking bulletin that explicitly prohibits insurers from depreciating labor costs when calculating actual cash value (ACV) in homeowner insurance claims. 1 This decision aligns Michigan with a growing number of states taking action to ensure fair claim … The post Michigan Takes a Stand: New Bulletin Prohibits Depreciation of Labor Costs in Property Insurance Cl
Solstice Insurance Broker
SEPTEMBER 25, 2024
In the highly competitive field of health insurance sales, agents are constantly seeking ways to enhance their commissions. Distinguishing your business from the competition is essential.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
SEPTEMBER 26, 2024
The New York City Council will introduce legislation this week that would drastically reduce the amount of insurance coverage taxi and ride-share vehicles are required to maintain, looking to contain potential fallout from the insolvency of the city’s largest taxi …
Property Insurance Coverage Law
SEPTEMBER 25, 2024
In my basic course about property insurance coverage to public adjusters, and as a standard issue regarding case intake at Merlin Law Group, I first emphasize to always make certain the named insureds and clients have a right to bring the claims. There is a practical aspect of this—you want to represent people and businesses … The post Is the Address Correct on the Property Insurance Policy?
Insurance Marine News
SEPTEMBER 24, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Indonesian-flagged cargo vessels collide appeared first on Insurance Marine News.
Cowbell
SEPTEMBER 23, 2024
National Insider Threat Awareness Month (NITAM) is observed every September and is a collaboration between U.S. federal agencies and industry organizations to educate and emphasize the importance of detecting, deterring, and reporting insider threats. The goal is to raise awareness of the risks posed by ‘insiders,’ and provide strategies, tools, and resources to identify and mitigate these threats.
Insurance Journal
SEPTEMBER 23, 2024
The FBI has disrupted a group of hackers working at the direction of the Chinese government who targeted universities, government agencies and other organizations, Director Chris Wray said last week.
Property Insurance Coverage Law
SEPTEMBER 27, 2024
As an attorney who has dedicated my career to representing policyholders, I’ve witnessed firsthand the challenges faced by Florida homeowners, businesses, condominium associations, and even government entities in the wake of natural disasters. However, recent developments in Florida’s handling of insurance company fraud allegations have raised serious concerns about the efficacy of our regulatory bodies … The post Florida’s Insurance Company Fraud Investigations: A Crisis
Insurance Marine News
SEPTEMBER 24, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Bayesian’s builder has lawyers investigating possible reputational damage appeared first on Insurance Marine News.
Splash: Finance and Insurance
SEPTEMBER 24, 2024
Nasdaq-listed Greek bulker outfit Icon Energy has built up financial firepower for future vessel acquisitions as it takes delivery of its first-bought kamsarmax since its IPO earlier this year. The Ismini Panagiotidi-led company said it has about $75m ready for potential fleet expansion as part of a $91.
Insurance Journal
SEPTEMBER 25, 2024
For the fourth time in six years, cyber risk ranked highest as a concern for business leaders. In fact, this year cyber as a top concern reached an all time high, according to the 2024 Travelers Risk Index.
Property Insurance Coverage Law
SEPTEMBER 23, 2024
Timely payment of an appraisal award should not be a “Get Out of Jail Free Card” for an insurer guilty of bad faith claims conduct. A federal court in Louisiana recently denied most of an insurer’s motion for summary judgment in a bad faith case arising from a disputed winter storm damage claim. 1 The … The post Timely Payment of an Appraisal Award Does Not Mean the Claim Was Handled in Good Faith appeared first on Property Insurance Coverage Law Blog.
Insurance Marine News
SEPTEMBER 24, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post FBI boards another Synergy containership in Baltimore appeared first on Insurance Marine News.
Wren Insurance Agency
SEPTEMBER 25, 2024
If you live in a condo, townhome, or HOA community, it's likely your association has a variety of insurance coverages on the community to protect you, your neighbors and guests on the complex's common grounds like the pool, clubhouse, gym and walkways. What you may not know is that it may benefit you to have the insurance agency for your home as your community association.
Insurance Journal
SEPTEMBER 27, 2024
Hundreds of claims adjusters were set to move out across Florida, Georgia and western parts of the Carolinas Friday morning as Hurricane Helene brought high storm surge and 140 mph winds to a region that has faced three hurricanes in …
Property Insurance Coverage Law
SEPTEMBER 26, 2024
A recent federal court ruling in Missouri highlights the critical importance of admissible expert testimony in property insurance disputes. In a case involving alleged hail damage to a commercial building, the court granted summary judgment in favor of the insurer, Charter Oak Fire Insurance Company, after excluding the policyholder’s expert witness. 1 The policyholder, BLIV, … The post Insurance Company Prevails in Hail Damage Claim Dispute—Policyholders Need to Hire Experts Right A
Insurance Marine News
SEPTEMBER 22, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Denmark sets restrictions for ammonium nitrate vessel’s transit appeared first on Insurance Marine News.
Splash: Finance and Insurance
SEPTEMBER 26, 2024
Mudit Paliwal-led Delta Corp Holdings has rekindled ambitions for a NASDAQ listing via a merger deal with US distributor of vaping products Kaival Brands.
Insurance Journal
SEPTEMBER 27, 2024
This edition of International People Moves details appointments at AXA XL Bermuda, the MGA Intangic, and the Lloyd’s insurer Dale Underwriting Partners. A summary of these new hires follows here.
Frankenmuth Insurance
SEPTEMBER 26, 2024
Like many products and services these days, car insurance rates have also been on the rise. Wondering what’s driving the rates and what you can do? To help you understand the current landscape, we’re breaking down four of the main factors affecting car insurance rates today. Read on to find out what they are. Factor #1: Higher vehicle repair and replacement costs.
Insurance Marine News
SEPTEMBER 22, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Brokers launch port disruption insurance appeared first on Insurance Marine News.
LexisNexis
SEPTEMBER 25, 2024
In pending litigation in federal district court in Alexandria, Virginia, USCIS Asylum Division Chief John L. Lafferty provided this sworn declaration dated July 26, 2024.
Insurance Journal
SEPTEMBER 26, 2024
Cybersecurity claims reported in recent years vary sharply, with larger claims reaching $500 million of data loss and smaller claims as low $1,000. NetDilligence released its annual report, which analyzes 10,464 claims from incidents between 2019 and 2023.
CDC: Workers Compensation
SEPTEMBER 27, 2024
Suicide is a serious public health threat. In 2022 in the United States, nearly 50,000 adults died by suicide, 13.2 million adults seriously considered suicide, 3.8 million planned a suicide attempt, and 1.6 million attempted suicide.[1] In that same year, 267 adults died by suicide while at work in the United States.[2] That is one person dying in the workplace by suicide every workday in a year.
Insurance Marine News
SEPTEMBER 22, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New approach reported off Yemeni coast appeared first on Insurance Marine News.
Majesco
SEPTEMBER 26, 2024
As long as there have been superheroes, there have been super suits. The suit’s original purpose was to distinguish the superhero from the average person on the street and to give them a brand of their own. When the superhero showed up, everyone knew, “Here’s our hero.” But even if the super suit began as a symbol, it quickly evolved (as writers grew more creative) into a tool with its own powers.
Insurance Journal
SEPTEMBER 23, 2024
The maker of the popular party game Cards Against Humanity is accusing Elon Musk’s SpaceX of trespassing on and damaging a plot of vacant land the company owns in Texas.
LexisNexis
SEPTEMBER 25, 2024
By Hon. Colleen Casey, Former Commissioner, California Workers’ Compensation Appeals Board Just when you thought the right of “due process” was on the brink of destruction, the legislature amended Labor Code section 5909 to ensure it survives, at least in the realm of a true and complete judicial review for ALL “Petitions for Reconsideration and Removal, (hereinafter “Petitions for Recon.”).
Insurance Marine News
SEPTEMBER 24, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post OSHA fines Ohio shipyard: cites several violations in March 2024 fire appeared first on Insurance Marine News.
P&L Financial Services
SEPTEMBER 27, 2024
Fall is the perfect time to review your financial strategies and make sure you’re on track for a secure retirement. As the year comes to a close, there are several ways seniors can optimize their savings, reduce taxes, and adjust their financial plans to meet their goals. Fall financial planning is especially important for seniors nearing retirement or already retired , as it helps ensure that you’re financially prepared for the years ahead.
Insurance Journal
SEPTEMBER 27, 2024
Pennsylvania State University will pay $703,742 in back wages and interest and enter into a conciliation agreement with the U.S. Department of Labor to resolve alleged gender pay discrimination against female employees.
PSM Brokerage
SEPTEMBER 27, 2024
Important Update: CMS’s New One-to-One Consent Regulations for 2025 Effective October 1, 2024, CMS will enforce a new one-to-one consent rule for Third-Party Marketing Organizations (TPMOs), including independent agents and brokers. This rule requires TPMOs to obtain prior express written consent from consumers before sharing their personal beneficiary data with another TPMO for marketing or enrollment purposes.
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