Sat.Nov 09, 2024 - Fri.Nov 15, 2024

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Progressive to End Offering Dwelling Fire Insurance

Insurance Journal

Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19.

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Progressive and K&P’s Alleged Insurance Scheme: When Reality is Stranger Than Fiction

Property Insurance Coverage Law

You really cannot make this stuff up. Progressive Insurance Company, one of America’s largest auto insurers, is alleged to have created a scheme that would make ambulance chasers blush – directly feeding accident victim information to a law firm for solicitation. The Bizarre Facts Picture this: You get into a minor fender bender, dutifully report … The post Progressive and K&P’s Alleged Insurance Scheme: When Reality is Stranger Than Fiction appeared first on Property Ins

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Insurance Recruiting: Building Teams That Drive Growth

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. Recruitment: The Backbone of the Insurance Industry Insurance recruiting is more than a necessity—it’s a strategy. For agencies, field marketing organizations (FMOs), and insurance companies, finding the right insurance professionals to fill roles like licensed sales agent, claims adjusters, underwriters, and account managers is crucial to maintaining a competitive edge.

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Norwegian Hull Club CUO Fjeldstad will relocate from Bergen to Oslo

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Norwegian Hull Club CUO Fjeldstad will relocate from Bergen to Oslo appeared first on Insurance Marine News.

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Oklahoma Insurance Commissioner Issues Bulletin on Use of AI

Insurance Journal

Oklahoma Insurance Commissioner Glen Mulready issued a bulletin providing insurers with regulatory guidance on the use of artificial intelligence. The bulletin, which was adopted by the National Association of Insurance Commissioners (NAIC), outlines expectations on the ethical use of AI.

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Chicken and Cattle Claims: Why Public Adjusters Need to Master the Nuances of Agricultural Insurance

Property Insurance Coverage Law

Chip Merlin was talking to me about litigating the largest independent chicken egg loss claim ever in Texas. He told me that he spent hours looking at chickens, tens of thousands of them, and they all looked exactly the same. He said that they all came from the same hatchery with the same DNA to … The post Chicken and Cattle Claims: Why Public Adjusters Need to Master the Nuances of Agricultural Insurance appeared first on Property Insurance Coverage Law Blog.

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Spain stops US vessel from docking because of suspected Israeli military connection

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Spain stops US vessel from docking because of suspected Israeli military connection appeared first on Insurance Marine News.

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Allstate Insurers Sue Hyundai, Kia to Pay for Claims From Defective Cars

Insurance Journal

A group of subsidiaries of Allstate have filed a subrogation suit against Hyundai and Kia to get back costs paid to insureds for damages when their cars suddenly erupted in flames. According to the lawsuit, now in U.S.

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Florida Insurance Department Receives Strong Responses to Emergency Estimating Rule – A Call for Common Sense Changes

Property Insurance Coverage Law

Yesterday, I submitted comments to Florida’s Department of Financial Services regarding Emergency Rule 69BER24-4. 1 The overwhelming response from insurance professionals, public adjusters, and attorneys shows how this rule impacts the entire claims-handling community. The emergency rule, while well-intentioned in promoting transparency, creates several practical challenges that could harm Florida policyholders.

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Blog Post: Make Sure Your Legal AI Solution Adheres to Ethical AI Principles

LexisNexis

Generative artificial intelligence (Gen AI) is a new category of technology that has the potential to transform the way that law is practiced all over the world. The way your firm deploys Gen AI is crucial to your ability to serve clients most efficiently and effectively. Many early adopters of this technology have learned to their dismay, as reported by Law360 , that there are some important risks posed by attorneys’ reliance on commercially available general purpose AI tools.

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Panama has major throughput ambitions

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Panama has major throughput ambitions appeared first on Insurance Marine News.

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Michigan Jury Awards $12M to Woman Fired for Refusing to Get COVID Vaccine

Insurance Journal

DETROIT (AP) — A jury awarded more than $12 million Friday to a woman who lost her job at a Michigan insurance company after declining to get a COVID-19 vaccination.

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Appraiser Qualifications and Bad Faith Suits Against Policyholders in California—Chubb’s Attempt to Vacate Huge Glass Fire Appraisal Award Largely Fails

Property Insurance Coverage Law

In a significant victory for policyholders, a federal magistrate in Northern California recently rejected most of Federal Insurance Company’s (aka Chubb) attempts to vacate a substantial appraisal award in a Glass Fire case. The case, Pollock v. Federal Insurance Company, highlights the limited grounds for challenging appraisal awards and reinforces the binding nature of the … The post Appraiser Qualifications and Bad Faith Suits Against Policyholders in California—Chubb’s Attempt to

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Starting An Independent Insurance Agency With No Experience | EverQuote

EverQuote

Want to be an independent insurance agent but have no idea where to start? Let this guide—sourced from an expert agent who has traveled this same path—be your, well, guide.

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Probitas adds marine and renewables business to Syndicate 1492

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Probitas adds marine and renewables business to Syndicate 1492 appeared first on Insurance Marine News.

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Judge Questions Transparency of Onion Bid for Infowars

Insurance Journal

A frustrated bankruptcy judge said he has concerns over the process in which satirical news site The Onion won an auction for right-wing provocateur Alex Jones’ Infowars website.

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Hurricane Appraisal Gone Wrong: Umpire’s Contingent Fee Structure Leads to Vacated Award and Lawsuit

Property Insurance Coverage Law

A recent lawsuit filed in Lee County, Florida, highlights a cautionary tale about appraisal umpire compensation that resulted in a vacated award and significant financial consequences for all parties involved. The case of Estero Beach and Tennis Club v. Riteway Insurance Repair Service, and Gustavo Marrero demonstrates how an umpire’s decision to change his fee … The post Hurricane Appraisal Gone Wrong: Umpire’s Contingent Fee Structure Leads to Vacated Award and Lawsuit appear

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Becoming a Cyber Insurance Leader

Zywave

Within the next decade the cyber insurance market is projected to grow to over $120 billion according to a report by Fortune Business Insights. That means there’s a lot of opportunity for insurers who are looking to either grow their cyber business or expand into the cyber market. But with growth opportunities comes risk. So, before you jump into the cyber game, you need to consider: Do you have the distribution network that will support your expansion into this rapidly growing market?

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Lockouts now in place on both Canadian coasts

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Lockouts now in place on both Canadian coasts appeared first on Insurance Marine News.

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What’s Behind New York Fires? Climate Change, Land Use and History

Insurance Journal

Wildfires that are raging across New York and New Jersey highlight a new threat to one of the world’s most affluent regions.

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The Construction Costs to Investigate the Full Extent of a Covered Loss Should Be Covered

Property Insurance Coverage Law

Why do some insurance companies nickel and dime their customers who have sustained a covered property loss? I was thinking about that while reading the case highlighted in yesterday’s post, Appraiser Qualifications and Bad Faith Suits Against Policyholders in California—Chubb’s Attempt to Vacate Huge Glass Fire Appraisal Award Largely Fails. Chubb successfully argued that the … The post The Construction Costs to Investigate the Full Extent of a Covered Loss Should Be Covered appeared first

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Understanding the CrowdStrike Attack and Cyber Insurance

ProWriters

On July 19, 2024, the world got an unwanted glimpse of what might have happened had the Y2K “millennium bug” struck more than two decades earlier. A software update gone wrong caused millions of computing devices to crash. As a result, chaos plagued airlines, hospitals, banks, and retailers for days. The so-called “CrowdStrike attack” wasn’t Y2K, as IT expert Sean Michael Kerner notes.

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Protest against Maersk Denver docking at Tanger Med II

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Protest against Maersk Denver docking at Tanger Med II appeared first on Insurance Marine News.

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Ford Hit With Near-Record $165 Million Penalty on Recall Failure

Insurance Journal

Ford Motor Co. agreed to a $165 million civil penalty to settle allegations the company failed to recall cars with defective rearview cameras in a timely manner, the second-largest fine ever levied by the National Highway Traffic Safety Administration.

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Property Managers and Commercial Owners Beware: Insurance Placement Should List the Property Owner as a Named Insured

Property Insurance Coverage Law

A recent federal appellate decision serves as a stark reminder for property managers about the importance of properly structuring insurance coverage for their property owner clients. In Sky Harbor Atlanta Northeast, LLC v. Affiliated FM Insurance Company, the court’s ruling highlighted a critical oversight that left the property owner without standing to sue the insurance … The post Property Managers and Commercial Owners Beware: Insurance Placement Should List the Property Owner as

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Healthcare Cyber Attacks: What You and Your Clients Should Know

ProWriters

Healthcare cyber attacks and data breaches have risen in recent years, according to The HIPAA Journal. The year 2023 set two records: the most reported healthcare data breaches (725) and the most breached records (more than 133 million). Several major breaches have made headlines. In February 2024, Change Healthcare, whose technology powers the processing of some 15 billion medical bills and insurance claims a year, suffered a ransomware attack.

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COP 29 agrees on carbon quality credit standards

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post COP 29 agrees on carbon quality credit standards appeared first on Insurance Marine News.

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Iowa Pizza Restaurant to Pay $99K Over Child Labor Law Violations

Insurance Journal

An Iowa pizza restaurant has agreed to pay $99,000 in fines after a Department of Labor investigation found the business assigned teenage employees to dangerous duties. Investigators found Pizza Parlor and owner Michelle Drougas illegally employed 11 children.

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The Insurance Industry’s Profitable Paradox: Why We Need Financially Strong Insurance Companies (Even Though They Sometimes Drive Me Crazy)

Property Insurance Coverage Law

As someone who has spent decades battling insurance companies over wrongful claims practices, it might seem strange that I’m writing about the importance of insurance company profits. Trust me, I had to take a deep breath before typing that sentence. But here’s the reality – like that annoying relative who you can’t stand but need … The post The Insurance Industry’s Profitable Paradox: Why We Need Financially Strong Insurance Companies (Even Though They Someti

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Emergency home repairs: solutions for 6 unexpected issues.

Frankenmuth Insurance

Emergency home repairs can come out of nowhere. On top of that, they can require significant time and money. Reduce the effects of storm damage, burst pipes, gas leaks, flooding, fires, and power outages by following these tips. Emergency home repair #1: Storm damage. Severe winds, rain , tornados , hurricanes , and hail can cause structural damage to your home.

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Shipbrokers clinch deal to transport ex-Fremantle Highway to China for repairs

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Shipbrokers clinch deal to transport ex-Fremantle Highway to China for repairs appeared first on Insurance Marine News.

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Insurance Industry Labor Market Remains Stable: Report

Insurance Journal

A large majority of carriers intend to increase or maintain staff sizes in the next 12 months, according to Jacobson’s Q3 2024 Insurance Labor Market Study.

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What is a "Surplus Lines" Insurance Carrier and Do I Need One?

Wren Insurance Agency

As you know, Florida is a unique state when it comes to insurance. It's a challenging environment with our hurricane-prone coastlines, plethora of HOAs and unique retirement communities. Depending on your circumstances, traditional home, auto or business-related insurances may not be enough to cover your distinctive needs. This is where "surplus lines" insurance comes in.

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What’s Your Why? A Collective Portrait of Purpose and Compassion at National Comp 2024

AMAXX

At the heart of the 2024 National Comp conference in Las Vegas, Paradigm invited attendees to participate in a unique and interactive experience, transforming personal reflections into a striking work of art. The “What’s Your Why? Portraits of Purpose” engagement activity at Paradigm’s booth, invited participants to share the driving force behind their work in the workers’ compensation industry.