Sat.Aug 10, 2024 - Fri.Aug 16, 2024

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Tesla Sued by Family of Electrician Who Died at Austin Facility

Insurance Journal

The family of a Texas man who died while working at Tesla’s Austin-area facility last week is suing the electric vehicle company and his employer. The lawsuit said the worker, Victor Joe Gomez Sr., was at the facility on Aug.

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Florida Department of Financial Services Recognizes The Value of Licensed Public Insurance Adjusters

Property Insurance Coverage Law

In a breaking development, the Florida Department of Financial Services (DFS) issued the following: This is a major announcement and puts an end to the question raised in “Did Florida’s CFO Call Public Adjusters Despicable?” As I indicated in that post, it appeared that Patronis was warning people of the scammers and bad actors that … The post Florida Department of Financial Services Recognizes The Value of Licensed Public Insurance Adjusters appeared first on Property Insurance Coverage L

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Understanding the Emotional Aspects of Final Expense Sales: Connecting with Clients on a Personal Level

Final Expense Brokerage

Aug 15, 2024 3:43:42 PM Contact Us Share: Enhance your final expense sales with compassion and emotional intelligence. Final expense insurance goes far beyond merely covering funeral costs; it represents a promise of security and peace of mind during what is undoubtedly one of the most trying periods for any family. As an insurance agent, your role is not just transactional but deeply relational.

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You Just Got Your Idaho Contractor License, Now What?

Central Insurance

You’ve earned your Idaho contractor license—now what? Learn the crucial steps to safeguard your business with expert tips from Central Insurance The post You Just Got Your Idaho Contractor License, Now What? appeared first on Central Insurance Blog.

License 130
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McKinsey Sees AI Surge Boosting Consulting Amid Industry Slump

Insurance Journal

McKinsey & Co. is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of the technology helps the consulting titan and its peers boost revenue following a period of tumult.

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OSHA Costs, Training, and Compliance Must Be Accounted For By Restoration Contractors, Roofers, and Adjusters

Property Insurance Coverage Law

The recent tragic story, Teen Roofer Fatally Electrocuted on the Job, Federal Probe Launched, reinforces the lesson that OSHA costs, training, and compliance must be accounted for and accomplished by restoration contractors, roofers, and adjusters. Roofing and restoration work involves inherent hazards like working at heights, handling heavy materials, using power tools, and operating machinery … The post OSHA Costs, Training, and Compliance Must Be Accounted For By Restoration Contractors

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Meyer Werft looks for government lifeline

Splash: Finance and Insurance

The Papenburg-based shipbuilder Meyer Werft could be on its way to being taken over by the state of Lower Saxony and the German government to avoid going under. The situation in the shipyard, founded in 1795 and led by seven generations of the Meyer family, is a difficult one.

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Manufacturers Hit by Soaring Property Insurance Costs

Insurance Journal

James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it’s up for renewal this fall.

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What Is Business Income Insurance?

Property Insurance Coverage Law

In the world of business, unforeseen events can disrupt operations and severely impact your financial stability. Fires, thefts, and other unexpected events can bring business to a halt, leading to significant revenue losses. That’s where business income insurance comes in. Business income insurance, also known as business interruption insurance, helps cover the loss of income … The post What Is Business Income Insurance?

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What Challenges Will Social Security Present to the Soon-To-Be-Eligible?

American Senior Benefits

Greg Gelineau, CLTC ~Executive Vice President at American Senior Benefits/Integrity Marketing Group~ ??Top 1% LinkedIn voice /Coach and Business Consultant. #IndustryExpert/#LeadershipExpert/ August 13, 2024 Self-awareness is indeed a powerful tool that influences various aspects of our lives, from decision-making to relationship-building, and even to our overall happiness.

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Understanding the Permission to Contact Form: Essential Requirements for Selling Medicare Plans

PSM Brokerage

As an insurance agent, when it comes to selling Medicare plans, one of the most critical aspects of your compliance toolkit is the Permission to Contact (PTC) form. This form is not just a regulatory requirement—it’s a vital step in building trust with your clients and ensuring that your interactions with potential enrollees are transparent and respectful.

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UK Cyber Spies Plan AI ‘Lab’ to Counter Hostile State Threats

Insurance Journal

UK spies are stepping up efforts to tackle cyber and artificial intelligence threats from hostile foreign states, including the sort of online manipulation that helped foment rioting across the country in the past 10 days.

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Insurance Fraud Cost Statistics Are a Fraud

Property Insurance Coverage Law

Insurance companies claim that when claims numbers are simply made up, that act constitutes fraud. If that is so, then insurance company fraud statistics are a fraud. The often wrongfully cited estimate of $308.6 billion is an admittedly “make believe” estimate. A recent article by Kenneth S. Klein in the Journal of Insurance Regulation, The … The post Insurance Fraud Cost Statistics Are a Fraud appeared first on Property Insurance Coverage Law Blog.

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Effective Communication with Injured Workers: Best Practices for Success

AMAXX

In workers’ compensation, communication with injured workers is a critical aspect that can significantly influence the outcome of a claim. Proper communication helps facilitate a smooth return-to-work process and plays a crucial role in maintaining the injured worker’s morale and engagement with the organization. Understanding the Importance of Communication Effective communication with injured workers is essential for several reasons.

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Assisting Clients with Understanding the Annual Notice of Coverage (ANOC)

PSM Brokerage

Understanding the Annual Notice of Coverage (ANOC) Letters: A Guide for Insurance Agents As an insurance agent, it’s crucial to stay informed about the Annual Notice of Coverage (ANOC) letters that your Medicare clients receive each year. These letters, typically sent out by Medicare Advantage and Part D plans in September, provide important updates on changes to the clients’ current plans for the upcoming year.

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Can a Streaming Service Agreement Require Arbitration in a Food Allergy Death?

Insurance Journal

Florida property insurers considering the expanded use of binding arbitration to settle claims disputes may want to ponder a recent arbitration move by Walt Disney Parks and Resorts: An answer to a lawsuit against Disney, which has made headlines on …

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Can policy limitations or exclusions be disregarded as illusory?

Property Insurance Coverage Law

This question came up in the highly watched California Supreme Court case, John’s Grill v. Hartford. The doctrine of “illusory” coverage comes up from time to time in discussions but rarely, if ever, in case law. At least until recently, when a California appellate court thrust it front and center and applied it to a … The post Can policy limitations or exclusions be disregarded as illusory?

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The Pros and Cons of Portable Generators

McMahon Insurance Agency

In an era of increasing weather-related emergencies and greater reliance on technology, having a reliable backup power source is more […]

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Part 2 of 3 – Professional Administration for Medical Settlements: The Medicare Factor

AMAXX

by Andrea Mills, Chief Client Officer, Ametros Settling a workers’ compensation or liability claim can and should be a win-win for the injured individual and the payer. But, various obstacles may impede what would otherwise be a seamless process, especially when Medicare comes into play. Fortunately, some experts devote their careers to understanding and alleviating the concerns of injured individuals and helping move claims to settlement.

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Catastrophe Bond Issuance Is Set to Blast Through 2023 Record

Insurance Journal

Issuance of catastrophe bonds is on track to exceed the record set in 2023, as a cocktail of climate change, population density and inflation feeds growth in a market built around natural disasters.

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The Two-Year Time Frame to Complete Ordinance and Law Construction—Ask for Extensions of Time to Repair and to File Suit

Property Insurance Coverage Law

Some insurers and their attorneys will do anything to avoid paying coverage otherwise owed. The two-year limitation to complete construction in the Ordinance and Law coverage is one such arbitrary time limitation, and some insurers and their insurance defense attorneys love to claim a technical “win” simply because they delayed the matter for so long … The post The Two-Year Time Frame to Complete Ordinance and Law Construction—Ask for Extensions of Time to Repair and to File Suit appeared

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Blog Post: California: A Clarification on the Requirements for Expedited Review under AD Rule 9792.9.1

LexisNexis

By Hon. Susan V. Hamilton, Former Assistant Secretary and Deputy Commissioner, California Workers’ Compensation Appeals Board The June 13, 2024 edition of the LexisNexis Workers’ Compensation eNewsletter included an article that discussed the requirements of an expedited request for medical treatment and the utilization review (UR) of that request (see [link] ).

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95+ Disability Statistics And Disability Insurance Stats!

Simply Insurance

Discover over 95+ disability statistics and disability insurance statistics, disability labor force statistics, and general disability facts.

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The Future is Uninsurable? Hardly

Insurance Journal

In recent months the dynamic markings for voices asserting the insurance industry is not up to challenges posed by climate change have gone from mezzo-piano to mezzo-forte. In his endorsement of a proposal by Representative Adam Schiff (D-Calif.

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Understanding the Appraisal Process: Ensuring Compliance with Post-Loss Obligations

Property Insurance Coverage Law

As we continue our summer series on the appraisal process, it’s essential to delve into a crucial aspect: the obligation of the policyholder to comply with all post-loss obligations before moving forward with appraisal. In simpler terms, the appraisal process may not be “ripe” until these obligations have been fulfilled. The Rise of Appraisals and … The post Understanding the Appraisal Process: Ensuring Compliance with Post-Loss Obligations appeared first on Property Insurance Covera

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Blog Post: Moratorium on Homeowners’ Insurance Policy Cancellations in CA, LA Tackling High Insurance Rates & More

LexisNexis

CA Insurance Commissioner Orders Moratorium on Cancellations for Fire-Impacted Homeowners California Insurance Commissioner Ricardo Lara issued a one-year moratorium on the cancellation or non-renewal of residential insurance coverage for more than 185,000 policyholders impacted by recent major fires in the state. The moratorium shields homeowners within the perimeters or adjoining ZIP codes of the fires for one regardless of whether they suffered a loss. ( INSURANCE JOURNAL ) LA Addressing High

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Is Your Insurance Website ADA-Compliant? How To Avoid the Flood of Accessibility Lawsuits

Neilson Marketing Services

Over the past year, the number of website accessibility lawsuits under the Americans with Disabilities Act (ADA) has surged, highlighting the need for digital properties to be compliant. This trend is particularly relevant for insurance companies, as ADA compliance can help prevent costly lawsuits and improve the user experience. If you’re unsure about your insurance website’s compliance status, it’s time to take action.

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Debby’s Florida Claims Already Near 12,000 as Yaworsky Says Market is Strengthening

Insurance Journal

The number of Florida claims from Hurricane Debby, filed within five days of the storm, already is almost half of the the number of claims filed in Hurricane Idalia in a three-month period.

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Speak Now or Forever Hold Your Peace—How Appraisals Are Like Weddings

Property Insurance Coverage Law

The phrase “speak now or forever hold your peace” is a traditional element at many wedding ceremonies. When the minister asks if anyone has objections to the marriage, it is an invitation for attendees to voice any legal or moral objections to the union before it is finalized. I always look around to see if … The post Speak Now or Forever Hold Your Peace—How Appraisals Are Like Weddings appeared first on Property Insurance Coverage Law Blog.

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Differentiate Yourself: The Key to a Strong Value Proposition in Real Estate

Your Journey With Jennie

Value proposition – it's a buzzword, but it's also a game-changer. In today's competitive real estate market, simply finding homes for clients isn't enough. You need to stand out. Let's dive into how you can showcase your unique value to potential clients. The Importance of Understanding Your Client The National Association of Realtors' annual buyer and seller surveys offer invaluable insights into what clients truly want.

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Why Finding Homeowners Insurance in California is So Challenging in 2024:

Jackson & Jackson

California is known for its beautiful weather, stunning landscapes, and desirable living conditions. However, when it comes to homeowners’ insurance, the Golden State poses unique challenges for homeowners. In 2024, finding homeowners insurance in California has become increasingly difficult due to various factors. This guide aims to shed light on the basics of homeowners insurance, the challenges specific to California’s insurance market, the reasons why finding coverage is more cha

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Report: 2.6M Homes with a Cost of $1.3 Trillion at Moderate to Very High Risk of Wildfire

Insurance Journal

More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to very high risk of wildfire damage during the 2024 wildfire season, a new report shows.

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Valuables Insurance Coverage: Art Insurance Fire Claim Headed to Trial

Property Insurance Coverage Law

One of the more complex damage issues that must be addressed in all fire, smoke, and heat claims is the amount of damage to personal property in areas of a structure far away from the main fire. The collection of smoke, soot, and ash particles, as well as the ascertainment of heat, is always an … The post Valuables Insurance Coverage: Art Insurance Fire Claim Headed to Trial appeared first on Property Insurance Coverage Law Blog.

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5 Reasons Why Word & Brown is the Ideal Partner for New Brokers

Word & Brown

When you’re starting out as an insurance sales professional, it’s important you align yourself with the right experts who will support you, your business, and your customers. Many brokers choose to partner with Word & Brown. Below are five of the reasons why we’re a great partner for new brokers: 1: Comprehensive support and unparalleled expertise: Word & Brown was founded nearly 40 years ago, and our focus has always been on providing brokers, your customers, our carrier partners, and e

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UK annuities on track for best sales in a decade

Elmore

Higher interest rates and new rules push people back to retirement products with guaranteed incomes The post UK annuities on track for best sales in a decade appeared first on Elmore Insurance Brokers.

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High Claims From Medium-Sized Disasters Keep Driving Hard Reinsurance Market

Insurance Journal

Hard reinsurance pricing conditions are likely to last longer than in previous market cycles mainly as a result of persistently high claims activity from the accumulation of medium-sized disaster losses and secondary perils, according to an AM Best report.

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Boosting Client Retention with Zywave’s Client Cloud

Zywave

In today’s competitive market, client retention is more crucial than ever. Join us for an insightful webinar on how Zywave’s Client Cloud can revolutionize your client engagement strategies and significantly improve your retention rates. By integrating Zywave’s Client Cloud into your operations, you can build stronger, more lasting relationships with your clients.