Insurance Journal
OCTOBER 28, 2024
More than 100 people were arrested late last week in storm-ravaged Pinellas County, Florida, charged with looting homes and working as unlicensed contractors, two weeks after Hurricane Milton forced many residents to evacuate.
Property Insurance Coverage Law
OCTOBER 31, 2024
The current version of the National Flood Insurance Program Proof of Loss for Building and Contents is available at the below link. THIS FORM IS ONLY ACCESSIBLE USING FIREFOX. You read that correctly; for some reason, you cannot access the form online using Google Chrome, Safari or Microsoft Edge. You MUST use Firefox. [link] The … The post 2024 National Flood Insurance Program Proof of Loss for Building and Contents appeared first on Property Insurance Coverage Law Blog.
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Solstice Insurance Broker
OCTOBER 28, 2024
As an insurance broker you are preparing for the busiest season on your schedule: open enrollment. It's no secret that providing top-notch customer service can be a challenge during this hectic period. You must impress and meet the demands of potential clients. Meanwhile you also need to uphold the standard of service that your existing clients are accustomed to.
Final Expense Brokerage
OCTOBER 31, 2024
Oct 18, 2024 1:43:42 PM Contact Us Share: Learn how to captivate you clients with strong story telling. Selling final expense insurance goes beyond policies and payouts; it’s about providing families with a sense of security during challenging times when emotions run high, and decisions are difficult. Storytelling plays a key role in helping insurance agents form strong emotional connections with clients on a personal level.
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Insurance Journal
OCTOBER 28, 2024
A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy.
Property Insurance Coverage Law
OCTOBER 30, 2024
Federal courts are creating an almost impossible barrier for policyholders trying to hold their insurance agents accountable for negligence involving National Flood Insurance Program (NFIP) policies. The reasoning by these courts defies common sense and leaves policyholders without recourse when agents fail to properly advise about or procure appropriate flood coverage.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
LexisNexis
OCTOBER 31, 2024
By Madison Johnson, Esq. | Marketing Manager Legal analytics has now become table stakes for litigation, with roughly seven in 10 legal professionals at law firms of various sizes using them in 2024, according to Lex Machina’s most recent The Impact of Legal Analytics survey. Moreover, the survey found that 100% of legal analytics users say they are valuable and a record-high 80% say they are now either “required” or “somewhat expected” by their clients.
Insurance Journal
OCTOBER 31, 2024
Insurtech Lemonade reported a third quarter 20243 net loss of nearly $68 million and a year-to-date loss of $172.2 million. Results were in comparison to a net loss of $61.5 during the same quarter and a loss of $194.
Property Insurance Coverage Law
OCTOBER 31, 2024
The Pacific Coast Association of Public Insurance Adjusters (PCAPIA) will hold its 2024 Annual Meeting on November 11 and 12 in Marina Del Rey. I know some public adjusters are wondering if the “P” was simply added to the California Association of Public Insurance Adjusters (CAPIA). It was. Those Californians decided to be more inclusive and invited … The post Pacific Coast Association of Public Insurance Adjusters 2024 Annual Meeting – Public Adjuster Associations Are Important appeared f
Insurance Marine News
OCTOBER 31, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Massachusetts approves SouthCoast Wind Farm plans appeared first on Insurance Marine News.
Neilson Marketing Services
OCTOBER 28, 2024
Imagine a potential client in your neighborhood searching for home or auto insurance. They whip out their phone, type “best insurance agency near me,” and within seconds, a list of local businesses appears. Will your insurance agency be on that list? This is where the power of local SEO for your insurance agency comes into play. Being visible in local search is essential for capturing the attention of people actively looking for insurance products like yours.
Insurance Journal
OCTOBER 30, 2024
Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene and Milton spurred thousands of insurance claims.
Property Insurance Coverage Law
OCTOBER 29, 2024
The Florida Department of Financial Services (DFS) held a regulatory workshop meeting seeking comments on the recent emergency adjustment rule. One thing everybody notices in Tallahassee is that there is an army of paid lobbyists and professional proponents of the insurance industry who show up at hearings. These professional insurance lobbyists and industry folk must … The post Reflections on an Insurance Regulatory Workshop Regarding Ethical Rules of Adjustment appeared first on Property
Insurance Marine News
OCTOBER 31, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Oil spill during bunkering operation off Singapore is stemmed appeared first on Insurance Marine News.
Neilson Marketing Services
OCTOBER 28, 2024
The insurance industry moves fast, and for carriers and MGAs, knowing where they stand with their independent agency partners is critical. Are they seen as a go-to resource for certain products? Do agents view them as valuable parts of their portfolio? The best way to answer these questions—and uncover growth opportunities—is by conducting a well-structured market research survey.
Insurance Journal
OCTOBER 28, 2024
A woman died in an outdoor fire in Massachusetts at an encampment in Millbury on Saturday night and crews on Sunday were still fighting a large overnight brush fire in Salem as dry and windy conditions have raised the risk …
Property Insurance Coverage Law
NOVEMBER 1, 2024
Note: This guest blog is by Frank Lombard, CPCU, ARM, an independent property/casualty insurance advisor. Not a day passes without reading something about double-digit increases in the cost of home insurance. The insurance industry claims the increases are a result of inflation, climate change, and consumers filing more claims. While to some extent that may … The post Are Home Insurance Consumers Being Duped?
Insurance Marine News
OCTOBER 31, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Effect of EU Deforestation Regulation on traders and operators appeared first on Insurance Marine News.
Rough Notes
NOVEMBER 1, 2024
Texas agency owner appreciative of those who helped shape his journey By Christopher W. Cook In the insurance industry, certain dedicated young professionals stand out among their peers and are members of an elite squad of individuals. These are their stories. “Dun dun.
Insurance Journal
OCTOBER 29, 2024
The Justice Department announced that it secured a settlement agreement with State Farm resolving the department’s determination that one of State Farm’s corporate offices in Richardson, Texas, violated the Immigration and Nationality Act (INA) when it terminated a worker in …
Property Insurance Coverage Law
OCTOBER 28, 2024
This is Florida law regarding when an insurance company must start investigating an insurance claim: 3)(a) Unless otherwise provided by the policy of insurance or by law, within 7 days after an insurer receives proof-of-loss statements, the insurer shall begin such investigation as is reasonably necessary unless the failure to begin such investigation is caused by … The post One Example of How Florida’s Politicians Harmed Florida Policyholders By Passing Insurance Lobby Laws appeared first
Insurance Marine News
OCTOBER 31, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Passenger on cruise ship died amid Force 11 winds, says MAIB interim report appeared first on Insurance Marine News.
Rough Notes
NOVEMBER 1, 2024
A guide for agents and brokers on the peril, its impact, mitigation steps and response By Thomas Brocksmith As natural catastrophes go, hail probably isn’t at the top of the list of perils that keep most people up at night.
Insurance Journal
OCTOBER 28, 2024
Executive Summary: During the period 2013 through 2018, the U.S. did not become less litigious nor did Atlantic sea surface temperatures get less warm. Yet rates for U.S. excess liability and Atlantic hurricane both reduced, observe the co-founders of UWX.
Property Insurance Coverage Law
OCTOBER 26, 2024
In a recent Fourth Circuit Court of Appeals decision that leaves me scratching my head, Lemonade Insurance Company successfully argued that cryptocurrency isn’t covered under their homeowner’s policy because it’s not “tangible property.” 1 The irony is that a tech-forward insurance company named after a refreshing drink takes such a sour position on digital assets.
Insurance Marine News
OCTOBER 31, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Shipbroker settles for $380,000 after failing to disclose voyage restrictions, sparking arbitration dispute appeared first on Insurance Marine News.
Frankenmuth Insurance
OCTOBER 31, 2024
Did you know? One of the biggest threats to your small business isn’t an external factor, but an internal one. Employee theft accounts for some of the highest losses among small business owners every year. It’s a shocking fact, but it’s also one that can be reduced. Follow these six tips to prevent employee theft and protect your small business. Perform a background check.
Insurance Journal
OCTOBER 29, 2024
North Carolina Gov. Roy Cooper approved more than $600 million worth of disaster relief funding last Friday for western North Carolina counties affected by Hurricane Helene after legislators passed the recovery bill the day before.
CDC: Workers Compensation
OCTOBER 29, 2024
Forest operations, which include logging and other forestry activities (e.g., planting, thinning, fuels reduction, and wildland fire fighting), are a vital component of forest management. It is also one of the most dangerous places to work in the United States (U.S.). In 2022, there were 54 fatalities to logging workers. The work-related fatality rate for logging workers is 100.7 per 100,000 FTE,* which is more than 27 times higher than the rate for all occupations at 3.7 per 100,000 FTE.
Insurance Marine News
OCTOBER 30, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post BP Marsh sells stake in Lilley Plummer Risks appeared first on Insurance Marine News.
AMAXX
OCTOBER 28, 2024
I recently returned from the 2024 National Comp Convention in Las Vegas, and I have one primary takeaway that I want to share with you. My name is Michael Stack, CEO of Amaxx, and this convention is always such a valuable experience. I’ve been attending for the past 12 or 13 years, and each year it provides rich content, meaningful relationship-building, and critical industry insights.
Insurance Journal
OCTOBER 27, 2024
A U.S. judge approved on Friday a $102 million settlement by the companies that owned and operated the ship that struck Baltimore’s Francis Scott Key Bridge in March, killing six people. The payment, approved by U.S.
LexisNexis
NOVEMBER 1, 2024
Tim Marchman, Wired, Oct. 31, 2024 "Elon Musk could have his United States citizenship revoked and be exposed to criminal prosecution if he lied to the government as part of the immigration process, according to legal experts. Stephen Yale-Loehr , a professor at Cornell Law School and faculty director of its Immigration Law and Policy Program, says that it’s not clear that if Musk worked in the US without authorization and attested he hadn’t, that would be considered important enough to den
Insurance Marine News
OCTOBER 31, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Panama Canal numbers beat budget appeared first on Insurance Marine News.
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