Sat.Sep 14, 2024 - Fri.Sep 20, 2024

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US Property Insurance Rates Fall for First Time Since 2017

Insurance Journal

US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average US property insurance rate decreased 0.

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John Pappas Passes

Property Insurance Coverage Law

There will have to be a follow-up to this because most will never truly appreciate the underlying depth of John Pappas’ impact on Florida property insurance law until it is fully explained. John Pappas was my dear friend, my law school classmate, and Best Man at my marriage to Kim Merlin. We were close friends … The post John Pappas Passes appeared first on Property Insurance Coverage Law Blog.

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Top 5 Oral Pain Tips After Surgery | Solstice

Solstice Insurance Broker

Few people look forward to going to the dentist, let alone going in for oral surgery. Then you have to worry about the discomfort and potential downtime that comes with it.

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‘We have reached the end of the globalisation process’: IUMI president 

Splash: Finance and Insurance

Opening this week’s International Union of Marine Insurance (IUMI) annual conference in Berlin, president Frédéric Denèfle focused on how change was likely to impact on all lines of marine insurance business. Denèfle highlighted the recent geopolitical tensions as one of the key drivers of change.

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Streamline Insurance Claims Management By Analyzing Legal Trends

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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Report: Over 250,000 US Properties Have Repeated NFIP Claims

Insurance Journal

More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program billions of dollars in claims, according to new federal data compiled by the National Resources Defense Council.

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Contractor Fraud in Wisconsin: What Homeowners Need to Know

Central Insurance

Contractor Fraud is more common than ever. Learn how to protect yourself from theft by contractor fraud in Wisconsin, spot red flags, and take action against scams. The post Contractor Fraud in Wisconsin: What Homeowners Need to Know appeared first on Central Insurance Blog.

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The Importance of Experts J&S Welding, Inc. v. Liberty Mutual Insurance Company

The Property Insurance Law Observer

In J&S Welding, Inc. v. Liberty Mutual Insurance Company , the U.S. Court of Appeals reviewed a summary judgment ruling in favor of co-defendant West American Insurance Company (“West American”), issued by the U.S. District Court for the Western District of Tennessee. The 6th Circuit held that the property policy’s cosmetic damage exclusion applied to bar coverage because the insured, J&S Welding, Inc.

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Wildfire Risk Upends California’s Cannabis Heartland as Insurance Vanishes

Insurance Journal

Hannah Whyte is one of thousands of Californians who have struggled to insure their property in the event of wildfire.

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Public Adjusters Should Not Violate Referral Fee Statutes and Regulations: The Pending Case Involving Scott Favre

Property Insurance Coverage Law

Being a lawyer, I am subject to numerous rules and ethical regulations regarding our contracts and referral fees. In many states, public adjusters also have restrictions regarding how they may solicit cases and if they can pay referral fees. For example, Florida has the following statute prohibiting referral fees to those who are not licensed … The post Public Adjusters Should Not Violate Referral Fee Statutes and Regulations: The Pending Case Involving Scott Favre appeared first on Proper

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Titanic builder Harland & Wolff heads for administration

Splash: Finance and Insurance

Harland & Wolff, the owner of the Belfast shipyard that built the Titanic, has announced that it would be entering into administration this week after failing to find new funding.

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Blog Post: LexisNexis Protégé™ Legal AI Assistant Marks Transition to Personalized Gen AI for Lawyers

LexisNexis

By: Serena Wellen, Vice President of Product Management, LexisNexis It was less than one year ago when LexisNexis debuted Lexis+ AI ™ , the first comprehensive legal research solution powered by generative artificial intelligence (Gen AI) trained for the legal profession, ushering in a new era in legal research. This summer, we stirred up an industry-wide buzz with the announcement of the U.S.

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Home Insurance Customers Staying Put Despite More Shopping Around: J.D. Power

Insurance Journal

Chubb, AIG, and Amica lead other insurers in J.D. Power’s assessment of customer satisfaction for home insurance, but the consumer intelligence company said more people are shopping around. The good news for insurers is that only 2.

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Equine, Livestock, and Exotic Animal Insurance—What Are the Unauthorized Medication and Proper Care Exclusions?

Property Insurance Coverage Law

The world of property insurance covers a lot of specialty risks. Equine and livestock insurance is one of those special risks. A Liberty Mutual brochure describes these important coverages, and the equine risk is described in part as follows: We concentrate on providing insurance solutions for specific equine disciplines such as dressage, hunters, jumpers, racing, … The post Equine, Livestock, and Exotic Animal Insurance—What Are the Unauthorized Medication and Proper Care Exclusions?

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Georgia switches to state-run health insurance Marketplace for 2025 coverage

Healthinsurance.org

In this article How do Georgia residents currently enroll in Marketplace coverage? Can residents use Georgia Access to enroll in 2024 coverage? What’s changing for residents who need Marketplace health insurance? What’s staying the same for Georgia Marketplace enrollees? What do Georgia enrollees need to do this fall? Starting Nov. 1, 2024, Georgia residents will use a state-run health insurance enrollment platform, Georgia Access , to shop for and enroll in Marketplace health coverage for 2025.

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Pelagic Partners sets up new venture with Fleetscape founder Tobias Backer at the helm

Splash: Finance and Insurance

Pelagic Partners has launched a new venture in London that seeks to bridge the financing gap in the shipping sector. The Cyprus-based owner and shipping fund manager has set up Pelagic Capital, which is designed to assist in building a dedicated credit fund and expanding the company into future projects.

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Unnamed Storm in Carolinas Caused $7 Billion in Damage, AccuWeather Says

Insurance Journal

The storm that swamped parts of the Carolinas this week wasn’t organized enough to be named but it still has caused $7 billion in damage, according to a preliminary estimate from AccuWeather.

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Interior Damage Claims and the Exterior Damage Requirement—Where’s the Proof?

Property Insurance Coverage Law

A federal judge ruled last week that policyholders eventually have to “put up or shut up” when it comes to proving that certain interior damages caused by a storm must be the result of damage to the exterior of a building, allowing water to damage the interior of a building. 1 The lesson from the … The post Interior Damage Claims and the Exterior Damage Requirement—Where’s the Proof?

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WHERE THERE’S SMOKE, THERE’S PROBABLY DAMAGE

Rough Notes

That’s true, even if the fire is far away [A] court in Oregon ordered an insurer to provide income coverage to an acting company that had to cancel performances because wildfire smoke had infested its theatre and was deemed hazardous to audience members. By Joseph S.

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Cargo dispute detains vessel in Chattogram

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cargo dispute detains vessel in Chattogram appeared first on Insurance Marine News.

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Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best

Insurance Journal

The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in the face of underwriting volatility and severe weather-related activity, according to an AM Best report.

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“I Was Droned!” California Policyholders Are Being Monitored Regarding Their Loss Risk Exposure and Loss Mitigation Attempts

Property Insurance Coverage Law

When I am finished beating up or getting beaten upon by various insurance company attorneys all over the country, I love to compete and beat up or get beaten upon by the best sailboat racers. I love true competition, and it is one reason why I love being the type of attorney that I am … The post “I Was Droned!” California Policyholders Are Being Monitored Regarding Their Loss Risk Exposure and Loss Mitigation Attempts appeared first on Property Insurance Coverage Law Blog.

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Workers’ Compensation Post-Injury Response Procedure: A Key to Effective Injury Management

AMAXX

Work-related injuries can occur in any industry, and when they do, the aftermath can be chaotic and stressful for all parties involved. To mitigate confusion, it’s essential for companies to have a clear and consistent post-injury response procedure. This standardized approach not only ensures prompt medical attention for injured employees but also facilitates a smooth process for returning to work, reducing costs, and improving overall injury management.

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Marine war market fears claim over detained $130m dredger

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine war market fears claim over detained $130m dredger appeared first on Insurance Marine News.

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Coastal Carolina Gets 1,000-year Rainfall Event from Storm System

Insurance Journal

Parts of North Carolina saw something Monday that has not been seen in hundreds, perhaps 1,000 years – 18 inches of rain in half a day. That’s “once in every 1,000 years!

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What Is Recoverable Depreciation in Home Insurance?

Property Insurance Coverage Law

If you’ve suffered property loss or damage, knowing what your insurance covers is crucial. Understanding recoverable depreciation can help policyholders get the full replacement cost for damaged or destroyed items, not just their depreciated value. In this blog, we cover what recoverable depreciation is, why it matters, and how it works in real-world scenarios.

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Term Life Insurance Rates By Age

Simply Insurance

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US Justice Department sues Dali owner over Baltimore bridge collapse

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US Justice Department sues Dali owner over Baltimore bridge collapse appeared first on Insurance Marine News.

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23andMe Settles Data Breach Lawsuit for $30 Million

Insurance Journal

23andMe will pay $30 million and provide three years of security monitoring to settle a lawsuit accusing the genetics testing company of failing to protect the privacy of 6.

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AEP 2025: An AEP Like No Other

PSM Brokerage

An AEP like no other This Annual Enrollment Period (AEP) is poised to redefine the landscape of Medicare Advantage and prescription drug plan sales, presenting unprecedented challenges and changes that demand adaptability from industry professionals as consumers shop plans like never before. "AEP 2025 is going to be unlike any we've experienced," said Senior Vice President of Health Matt Graham.

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Mployer Names Relation ‘Top Employee Benefits Consultant Award’ for 2024

Relation

Mployer, the leading independent platform for employers to research, review, and evaluate insurance advisors has named Relation Insurance a winner of its fourth annual “Top Employee Benefits Consultant Awards” for 2024. Mployer’s Top Employee Benefits Consultant Award Program evaluates each benefits broker and consultant office based on their depth of experience across employer industries, sizes, […] The post Mployer Names Relation ‘Top Employee Benefits Consultant Award’ for 2024 appeared

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Lithuanian PM turns away the Ruby

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Lithuanian PM turns away the Ruby appeared first on Insurance Marine News.

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California Labor Commissioner Gets $1.7M Settlement in Wingstop Wage Theft Case

Insurance Journal

The California Labor Commissioner’s Office reached a $1.7 million wage theft settlement for 550 workers in an alleged scheme in which the owner of multiple Wingstop locations in Bakersfield created separate corporate entities to circumvent labor laws.

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Blog Post: How Autonomous Vehicles Could Dramatically Change Car Insurance

LexisNexis

If an autonomous vehicle hits another car or a pedestrian, who’s to blame? The manufacturer or software developer? Other parties like computer programmers, satellite mapping companies, or even state governments? Or perhaps the non-driving human occupants of the vehicle who might be liable for actions they direct? With autonomous vehicles or AVs slowly gaining market share and the technology rapidly advancing, this is becoming an increasingly urgent question for insurance companies.