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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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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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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Dr. Roof or Dr. Roof Adjuster? Restoration Contractors and Roofers Need to Be Careful and Not Overstep into Adjusting Claims, Subjecting Them to Criminal Prosecution

Property Insurance Coverage Law

Nobody likes to be told not to do something. So, I am writing this blog post understanding that my contractor friends, who I have written about in many posts such as Restoration Contractors Providing Great Quality Workmanship Are Policyholder Friends But Many Insurance Companies Refuse To Pay For Quality, and The Hero Contractor: Being a Contender and Not … The post Dr.

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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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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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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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‘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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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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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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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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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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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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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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Prevent Fungal Diseases in the Workplace

CDC: Workers Compensation

As part of Fungal Disease Awareness Week, we are highlighting fungal diseases that can affect workers. Coccidioidomycosis (Valley fever), blastomycosis, and histoplasmosis are fungal diseases caused by fungi that live in the environment in certain regions. Infections are caused by breathing in fungal spores that get into the air. Some jobs and work activities that disturb soil in areas where the fungi live can release fungal spores into the air and put workers at higher risk.

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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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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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“Sustained improvement” in marine insurance cargo market: IUMI 2024

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post “Sustained improvement” in marine insurance cargo market: IUMI 2024 appeared first on Insurance Marine News.

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What risks does your business face? Here are 5 you should know.

Frankenmuth Insurance

What risks does your business face? Whether you’re a small startup or a large corporation, every business has them. But the most successful businesses know how to prepare for these risks and respond to them quickly and effectively. Want to be one of them? See some of the business risks you could face and what you can do. Risk #1: Weather and natural disasters.

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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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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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Offshore tug catches fire, 15 crew evacuated

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Offshore tug catches fire, 15 crew evacuated appeared first on Insurance Marine News.

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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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Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe

Insurance Journal

Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only serving to heighten environmental risks by forcing some vessels out of mainstream trading.

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Leaks Can Happen Anywhere: The Hidden Dangers of Water Damage in the Home

McMahon Insurance Agency

Water is a vital resource, but when it finds its way into areas where it doesn’t belong, it can cause […]

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One in five Russian tankers are refusing pilots in Danish Straits

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post One in five Russian tankers are refusing pilots in Danish Straits appeared first on Insurance Marine News.

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Blog Post: CA9 on In Absentia Orders: Singh v. Garland

LexisNexis

Singh v. Garland "Petitioner Varinder Singh, a native and citizen of India, seeks rescission of a removal order entered in absentia. We previously granted Singh’s petition because the government did not provide Singh with a Notice to Appear (NTA) setting forth the time and date of removal proceedings in compliance with 8 U.S.C. § 1229(a)(1), but the Supreme Court rejected our interpretation of this statutory provision.

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Markets/Coverages: Mosaic Offers Syndicated Terrorism Cover for Fine Art & Specie

Insurance Journal

Mosaic Insurance, the Bermuda-based specialty insurer, has launched customized global terrorism and sabotage coverage for fine art and specie insureds, with syndicated capacity extending up to $215 million per risk.

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How To Get Life Insurance Leads: The Best (& Worst) Options For Agents

EverQuote

Selling life insurance can be a notoriously difficult and time-consuming process. Upwards of 90% of life insurance agents fail within their first year.

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Workshop discusses IMO ‘mid-term’ GHG reduction measures

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Workshop discusses IMO ‘mid-term’ GHG reduction measures appeared first on Insurance Marine News.

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Blog Post: What Makes a Workers’ Compensation Claim a High-Cost Claim? The Latest Word

LexisNexis

By Hon. Susan V. Hamilton, Former Assistant Secretary and Deputy Commissioner, California Workers’ Compensation Appeals Board Over the past several decades California has implemented broad legislative changes aimed at lowering the costs associated with workers’ compensation, especially medical expenditures. Such measures as fee schedules, treatment guidelines, medical provider networks, and utilization review exemplify legislative enactments intended to curb rising medical costs.

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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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How Much Is Disability Insurance

Simply Insurance

Discover the factors that influence the cost of disability insurance, including coverage options, age, occupation, and health status. Learn how to find the right policy for your needs and budget.

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