Insurance Journal
AUGUST 12, 2024
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.
Property Insurance Coverage Law
AUGUST 13, 2024
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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Central Insurance
AUGUST 16, 2024
Like all equipment, sump pumps need proper maintenance to function effectively. Here's how to keep yours running smoothly. The post Sump Pump Maintenance: Keeping Your System Ready for Action appeared first on Central Insurance Blog.
Final Expense Brokerage
AUGUST 16, 2024
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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Insurance Journal
AUGUST 14, 2024
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.
Property Insurance Coverage Law
AUGUST 14, 2024
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?
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Splash: Finance and Insurance
AUGUST 16, 2024
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.
Insurance Journal
AUGUST 13, 2024
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.
Property Insurance Coverage Law
AUGUST 15, 2024
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.
LexisNexis
AUGUST 14, 2024
The proliferation of generative artificial intelligence (AI) technology has taken most of the oxygen out of the room in corporate offices. Virtually every major company has aggressively investigated how they can either develop Gen AI tools, implement Gen AI tools and/or protect themselves from the impact of commercially available Gen AI tools. For in-house counsel, the challenges are especially acute.
Frankenmuth Insurance
AUGUST 15, 2024
Do you know how old your roof is or what condition it’s in? Taking the time to conduct simple checks in key areas can help you identify when it’s time to call in reinforcements. Follow our roof maintenance tips and learn what to look for when it comes to roof damage, aging, and necessary repairs. Look for these warning signs from the street or yard: Shingles that do not lay flat, but instead curl or buckle A roof that looks old or irregular Black spots or lines on the roof.
Insurance Journal
AUGUST 12, 2024
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.
Property Insurance Coverage Law
AUGUST 15, 2024
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
American Senior Benefits
AUGUST 14, 2024
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.
PSM Brokerage
AUGUST 13, 2024
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.
Insurance Journal
AUGUST 14, 2024
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 …
Property Insurance Coverage Law
AUGUST 12, 2024
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
McMahon Insurance Agency
AUGUST 12, 2024
In an era of increasing weather-related emergencies and greater reliance on technology, having a reliable backup power source is more […]
PSM Brokerage
AUGUST 12, 2024
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.
Insurance Journal
AUGUST 14, 2024
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.
Property Insurance Coverage Law
AUGUST 16, 2024
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?
AMAXX
AUGUST 12, 2024
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.
Wren Insurance Agency
AUGUST 14, 2024
If you've ever worked with Wren Insurance Agency to secure auto insurance, you may have noticed that we quote bodily injury liability starting at $100,000 per person and $300,000 per accident (also known as "100/300 coverage"), while Florida only requires $10,000/$20,000 for this coverage. Why do we start at this amount vs. starting at Florida’s minimum requirement?
Insurance Journal
AUGUST 12, 2024
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.
Property Insurance Coverage Law
AUGUST 11, 2024
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
AMAXX
AUGUST 13, 2024
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.
LexisNexis
AUGUST 15, 2024
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] ).
Insurance Journal
AUGUST 11, 2024
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.
Property Insurance Coverage Law
AUGUST 10, 2024
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.
Simply Insurance
AUGUST 14, 2024
Discover over 95+ disability statistics and disability insurance statistics, disability labor force statistics, and general disability facts.
LexisNexis
AUGUST 14, 2024
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
Insurance Journal
AUGUST 14, 2024
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.
Property Insurance Coverage Law
AUGUST 14, 2024
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.
Neilson Marketing Services
AUGUST 15, 2024
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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