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

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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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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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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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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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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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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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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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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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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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Meta Pushes Back Against FTC Effort to Toughen Privacy Order

Insurance Journal

Meta Platforms Inc. rebuffed the Federal Trade Commission’s plans to modify a 2020 privacy settlement with the company, arguing that such a move would need approval from a federal court.

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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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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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Argentina Fintech Ualá Raises $300 Million in Round Led by Allianz X

Insurance Journal

Argentine fintech company Ualá has raised $300 million from investors at a valuation of $2.75 billion, the latest funding haul for one of the most valuable startups in Latin America.

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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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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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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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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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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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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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Oil transfer from Sounion is underway off Suez

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Oil transfer from Sounion is underway off Suez appeared first on Insurance Marine News.

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Jury Awards Baltimore $266 Million in Damages After Opioid Trial

Insurance Journal

A jury has awarded the city of Baltimore $266 million in damages in its suit against pharmaceutical firms McKesson and AmerisourceBergen for their part in the city’s opioid epidemic.

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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.

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Blog Post: Massive CA9 Nexus Win: Aleman-Belloso v. Garland

LexisNexis

Aleman-Belloso v. Garland "Jose Ernesto Aleman-Belloso (“Aleman”), a native and citizen of El Salvador, petitions for review of a decision by the Board of Immigration Appeals (“BIA”) adopting and affirming an Immigration Judge’s (“IJ”) denial of his claims for asylum, withholding of removal, and relief under the Convention Against Torture (“CAT”).

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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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Rapper Nelly Has Drug, Insurance Charges Dropped Following Summer Arrest

Insurance Journal

Rapper Nelly won’t face drug charges following his arrest this summer at a St. Louis-area casino, a prosecutor said. Nelly was arrested at 4:45 a.m. Aug.

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Part 1 of 3: Are You Sabotaging Your Return to Work Program-Hidden Policy Obstacles

AMAXX

Returning an injured employee to work is a critical aspect of workers’ compensation management. When done effectively, it can significantly reduce costs, improve employee morale, and ensure smooth operations. However, many companies inadvertently sabotage their own return-to-work (RTW) programs by failing to recognize and address hidden obstacles.

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Using the CLEAR Path to Improve Medicare Enrollments with SunfireMatrix

Redbird Agents

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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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Safeco to Take Personal Lines Renewal Business of Main Street America

Insurance Journal

Liberty Mutual’s Safeco Insurance has agreed to take the personal lines business of Main Street America, marking the second time in two months that Safeco has stepped in to assume a personal lines book of business from another insurer.

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Blog Post: California: How to File a Recon of an Appeals Board Decision So It Doesn’t Get Lost in Space

LexisNexis

By Hon. Colleen Casey, Former Commissioner, California Workers’ Compensation Appeals Board It’s a problem. Petitions for Reconsideration (Recon) are losing their way and delaying their arrival at the Appeals Board. When the WCAB Commissioners fail to review a Recon within the 60-day time limit imposed by Lab. Code § 5909 , the Recon is automatically denied, regardless of the validity of their arguments.

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Transforming Construction: Automation and Robotics for a Safer Future

CDC: Workers Compensation

Introduction At its core, automation is the use of technology to perform tasks that were once done by humans. Technology includes software, tools to automate workflows, and machinery. Some of the early examples of automation in construction are power tools. As technology progresses, construction automation has seen rapid progress over the last decade with the introduction of robots.

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