Sat.Sep 28, 2024 - Fri.Oct 04, 2024

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Tesla Recalls Over 27,000 Cybertrucks in Fifth Callback This Year

Insurance Journal

Tesla said on Thursday it would recall more than 27,000 Cybertrucks in the United States due to delayed rear-view camera images that could impair driver visibility and increase crash risks.

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CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management

Property Insurance Coverage Law

In a shocking exposé aired last night on CBS’s 60 Minutes, allegations of widespread insurance fraud by insurance companies following Hurricane Ian were exposed. The investigative report featured testimony from whistleblowers who claim that insurance companies deliberately altered hurricane damage reports to underpay homeowners, leaving many Floridians struggling to rebuild their lives in the wake … The post CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Alt

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The Importance of Continuous Education in Final Expense Sales

Final Expense Brokerage

Sep 27, 2024 5:43:12 PM Contact Us Share: Keeping up with trends and industry regulations can make or break your insurance business. As an insurance agent specializing in final expense sales, the world around you is constantly evolving. Changes in market dynamics, client expectations, and regulatory requirements mean that staying stagnant isn’t an option if you want to succeed.

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Containers to be discharged from inoperative container ship

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Containers to be discharged from inoperative container ship appeared first on Insurance Marine News.

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Florida Storm Surge Swamps Nuclear Plant, Pro Golfer’s Home, Many More

Insurance Journal

Hurricane Helene’s storm surge along Florida’s western edges is being called the most devastating since 1921, responsible for destroying or heavily damaging hundreds of homes and businesses in the area.

Damage 363
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The Regulatory Blind Spot: How Insurance Departments Fail to Detect Systemic Bad Faith Claims Practices

Property Insurance Coverage Law

Recent investigative reporting by CBS’s 60 Minutes, noted in CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, has exposed alleged widespread underpayments of claims and unethical claims practices in Florida’s property insurance industry. This exposé raises serious questions about the effectiveness of state insurance regulators, particularly … The post The Regulatory Blind Spot: How Insurance Depart

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Leveraging Data and Analytics to Improve Final Expense Sales

Final Expense Brokerage

Sep 25, 2024 1:23:42 PM Contact Us Share: Drive your business expansion with data and analytics. In today’s competitive insurance landscape, final expense agents need every advantage they can get to stay ahead. One often underutilized tool is data and analytics. By leveraging data, agents can gain a better understanding of client behaviors, preferences, and demographics, allowing them to tailor their approach and increase their sales success.

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Florida’s Heritage Stock Price Drops After ’60 Minutes’ Report on Adjusters

Insurance Journal

Just as Florida property insurers face another round of storm claims, CBS News has raised questions about alleged insurer fraud stemming from claims incurred in the last major storm – Hurricane Ian, which hit much of southwest Florida two years …

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Hurricane Helene’s Aftermath: Understanding the FEMA 50% Rule and Its Impact on Victims

Property Insurance Coverage Law

As Hurricane Helene victims begin to assess the damage to their properties, they face not only the immediate challenges of recovery but also potential long-term implications due to federal regulations. One such regulation that could significantly affect rebuilding efforts is FEMA’s 50% Rule. Unless you ever suffered significant damage and lived in an area prone … The post Hurricane Helene’s Aftermath: Understanding the FEMA 50% Rule and Its Impact on Victims appeared first on P

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Plans revealed for $500m shipping fund in India

Splash: Finance and Insurance

India’s Alphard Maritime Group has set out to establish a $500m shipping fund in the country’s new financial services centre, Gujarat International Finance Tec-City (GIFT City). The plan is for Alphard to contribute Rs500 crore, while partners would provide another Rs4,500 crore to Indian shipowners looking to acquire assets worth between $10m and $20m.

Insured 91
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Deal reached to end port strike in US

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Deal reached to end port strike in US appeared first on Insurance Marine News.

Marine 105
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Softbank Says Credit Suisse to Blame For Fund’s $440 Million Greensill Los

Insurance Journal

Softbank Group Corp., facing a $440 million lawsuit from Credit Suisse, said the bank was to blame for some of the investor losses tied to the collapse of Greensill Capital.

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What to Do After Filing the Insurance Claim

Property Insurance Coverage Law

Filing a property insurance claim can feel unfamiliar to many. However, once you’ve submitted your claim, there are key steps you can take to ensure the best possible outcome. Here’s a guide on what to do next, from tracking your claim to ensuring your rights are protected. Stay Organized After filing your claim, keep all … The post What to Do After Filing the Insurance Claim appeared first on Property Insurance Coverage Law Blog.

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AI-powered attacks are growing: Is your company ready?

Frankenmuth Insurance

AI-powered attacks are a significant concern for individuals and businesses. They use advanced methods to exploit vulnerabilities and breach security measures, making traditional defenses less effective. To help protect your business from AI-powered attacks, you need a baseline understanding of the threats and the resources to stand up to them. Not sure where to start?

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US East and Gulf ports strike set to go ahead

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US East and Gulf ports strike set to go ahead appeared first on Insurance Marine News.

Marine 105
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Helene Dumps Rain on Millions of US Homes That Lack Flood Insurance

Insurance Journal

On Thursday night Helene crashed into Florida’s coast as a Category 4 hurricane. The giant storm with 140-mile-per-hour winds made landfall close to where Hurricane Debby hit in August and where Idalia struck just over a year ago.

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Hurricane Helene National Flood Insurance Claims—What to Expect

Property Insurance Coverage Law

National Flood Insurance claims are notoriously complex and exacting. Most policyholders are unaware that National Flood claims are among the most difficult property insurance claims to handle correctly, and that the National Flood Insurance adjuster has limited authority. The field flood adjuster primarily serves to assist policyholders in making claims rather than having decision-making power. … The post Hurricane Helene National Flood Insurance Claims—What to Expect appeared first on Pr

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How Much Is The Average Car Payment In America? Plus 21 Auto Loan Stats!

Simply Insurance

The average car payment in the United States is more than $550 per month, and the total auto loan debt in the country has reached more than $1.1 trillion?

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Emma Colbourn joins Trafalgar Marine Trades

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Emma Colbourn joins Trafalgar Marine Trades appeared first on Insurance Marine News.

Marine 105
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The Chief Artificial Intelligence Officer: Leading AI Innovation and Risk Management

Insurance Journal

Generative artificial intelligence (AI) has emerged as a new technology with the potential to completely reshape business practices and create new avenues for innovation. It will significantly impact virtually every industry sector.

Risk 317
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Navigating Flood Insurance Claims from Hurricane Helene

Property Insurance Coverage Law

Walking through my local South Tampa community, the devastation from Hurricane Helene flooding is widespread, as is unfortunately true across the State of Florida and many other states. Many insureds and even insured representatives have never dealt with a flood insurance claim and the intricacies of the National Flood Insurance Program. Resources are available at … The post Navigating Flood Insurance Claims from Hurricane Helene appeared first on Property Insurance Coverage Law Blog.

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Blog Post: Did Elon Musk Violate U.S. Immigration Laws?

LexisNexis

Catherine E. Shoichet, CNN, Sept. 29, 2024 "At the 2013 event, the brothers also touched on a topic they’ve discussed less frequently in public: their immigration status during the company’s founding. In early 1996, their startup, an early online city guide and mapping tool, got a $3 million infusion from venture capitalists. The investors soon found themselves surprised, according to Kimbal Musk’s account captured in a video of the 2013 event posted on the Milken Institute’s YouTube page.

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Response to Chilean ferry grounding continues

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Response to Chilean ferry grounding continues appeared first on Insurance Marine News.

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Lloyd’s Focuses on Delegated Authority Arrangements as Looming Market Risk

Insurance Journal

While the Lloyd’s market reported its best first-half profit in 17 years, it isn’t resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified.

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Controlling Your Relief: Key Forms for Flood Recovery After Hurricane Helene

Property Insurance Coverage Law

As Hurricane Helene swept through the Southeast United States, it left behind an overwhelming 40 trillion gallons of water. This catastrophic deluge impacted homes and businesses that had been flood-free for over 30 years, and it compounded the challenges faced by properties still recovering from previous storms like Ian and Debby. In my earlier blog … The post Controlling Your Relief: Key Forms for Flood Recovery After Hurricane Helene appeared first on Property Insurance Coverage Law Blo

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Blog Post: CaseMap+ Brings AI Capabilities to Leading Case Analysis Software for Litigators

LexisNexis

The legal industry continues to grow more comfortable with the adoption of artificial intelligence (AI) technology in the business and practice of law. Seven in 10 law firm leaders believe AI-powered tools will enable new value-added work product for clients and nearly half (47%) are exploring new billable opportunities for client service as a result of AI technology, according to a survey conducted this year by LexisNexis.

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Cargo ship grounded in Indonesia following detection of leak

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cargo ship grounded in Indonesia following detection of leak appeared first on Insurance Marine News.

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Insured Losses Top $5B With Heavy Flooding But Few Covered by Flood Insurance

Insurance Journal

Estimates of insured losses from Hurricane Helene continue to range around $5 billion, not including flood insurance losses, as the death toll in the Southeast continued to rise, approaching 100 by Monday morning.

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Heritage Insurance Under Scrutiny: Analyzing the CBS 60 Minutes Exposé and Questions of Internal Controls

Property Insurance Coverage Law

Heritage Insurance (HRTG) lost 20% of its publicly traded value yesterday following the recent CBS 60 Minutes investigation into alleged insurance fraud in Florida, which has sent shockwaves through the insurance industry. You can read about the story from my post, CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates … The post Heritage Insurance Under Scrutiny: Analyzing the CBS 60 Minutes Exposé and Questions of Internal Controls app

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Petrofac reaches deal in principle on debt-for-equity swap

Splash: Finance and Insurance

Petrofac has secured a preliminary deal with some of its key stakeholders that will see creditors convert a majority of the UK energy services company’s debt into equity.

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Container ship adrift in Bay of Biscay

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Container ship adrift in Bay of Biscay appeared first on Insurance Marine News.

Marine 103
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NC Town That Produces Quartz for Tech Products is Devastated by Helene

Insurance Journal

SPRUCE PINE, N.C. (AP) — Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by Hurricane Helene with no reopening date in sight.

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Best Practices to Prepare for a Workers’ Comp Claim Audit or Review

AMAXX

When managing workers’ compensation, a claim audit or review is a crucial opportunity for employers, carriers, TPAs (Third-Party Administrators), and brokers to come together and optimize claim-handling practices. This structured communication event is not just a formality but a powerful tool for identifying issues, aligning expectations, and ultimately reducing the costs associated with claims.

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Blog Post: CA9 on Credibility, Internal Relocation: Singh v. Garland

LexisNexis

Singh v. Garland (2-1) "Jaswinder Singh, a citizen and native of India, appeals the Board of Immigration’s (“BIA”) decision affirming the Immigration Judge’s (“IJ”) denial of his petition for asylum.1 He argues that the agency erred by misapplying Matter of R-K-K-, 26 I. & N. Dec 658 (BIA 2015), which permits immigration judges to consider strikingly similar affidavits submitted by asylum applicants in unrelated proceedings as a basis for an adverse credibility determination.

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High Court sets aside tribunal decision on loss recovery from negligent seller

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post High Court sets aside tribunal decision on loss recovery from negligent seller appeared first on Insurance Marine News.

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Hybrid Jeep Owners Should Park Outside Pending Recall Fix, NHTSA Says

Insurance Journal

The U.S. National Highway Traffic Safety Administration said owners of 154,000 Jeep plug-in hybrid electric SUVs should park outside and away from buildings or other vehicles until they get recall repairs completed. Jeep-parent Stellantis on Sept.

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October is National Dental Hygiene Month

R&R Insurance

October is National Dental Hygiene Month. This month is dedicated to raising awareness about the importance of maintaining good oral health and the impact it has on overall wellbeing. The mouth is often referred to as the gateway to the body because it serves as an entry point for your digestive and respiratory systems. This means that the health of your mouth can significantly influence the health of your entire body.

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