Sat.Dec 14, 2024 - Fri.Dec 20, 2024

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Group Calls New Jersey’s Toxic Waste Dump Settlement ‘Woefully Inadequate’

Insurance Journal

Years of toxic waste dumping in a Jersey Shore community where childhood cancer rates rose caused at least $1 billion in damage to natural resources, according to an environmental group trying to overturn a settlement between New Jersey and the …

Damage 246
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National Flood Proofs of Loss for Hurricanes Helene and Milton Extended to 180 Days

Property Insurance Coverage Law

When it comes to Santas Naughty or Nice list, Jeff Jackson is trying very hard to raise his status to nice. Jackson is the most senior executive of the National Flood Insurance Program (NFIP.) Jackson extended the deadline for policyholders to file their Hurricane Helene or Milton flood proofs of loss to 180 days. The … The post National Flood Proofs of Loss for Hurricanes Helene and Milton Extended to 180 Days appeared first on Property Insurance Coverage Law Blog.

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Tim S. Dool refloated after three weeks aground in St Lawrence River

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Tim S. Dool refloated after three weeks aground in St Lawrence River appeared first on Insurance Marine News.

Marine 93
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EnTrust strikes deal on cash offer for Belships

Splash: Finance and Insurance

US asset management firm EnTrust Global is set to launch a voluntary cash tender offer to take over Norwegian bulker owner Belships. Blue Northern, a special purpose vehicle formed by funds managed by the Blue Ocean maritime investment team at EnTrust, will offer NOK20.

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Medicare Advantage Whistleblower Case Settled in New York

Insurance Journal

US authorities have reached a settlement to resolve a whistleblower case alleging that a New York state health insurer systematically defrauded the federal Medicare program by exaggerating how sick members were in order to boost profits.

Insurance 246
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When is a Collapse Not a Collapse? The Importance of Proving Damages for Partial Losses

Property Insurance Coverage Law

Collapse cases and collapse coverage are often complex. A recent builders risk insurance dispute out of Tennessee 1 involving collapse caught my attention because of the opening facts recited by the court: How many fallen bricks does a collapse make? Parties can contract to answer that question however they want. Here, Tahini Main Street and … The post When is a Collapse Not a Collapse?

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Why Paid-Up Additions Matter

The Insurance Pro

If I had to pick one, and only one, additional feature of whole life insurance, it is hands down the paid-up additions feature. Even if I lose the ability to blend death benefit, if I still have the PUA feature, I'm in a position to augment policy value. This very special aspect of whole life. Keep Reading The post Why Paid-Up Additions Matter appeared first on The Insurance Pro Blog.

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DARAG Completes Sale of North American and Bermuda Businesses to RiverStone

Insurance Journal

DARAG Group, the Malta-based legacy acquirer that focuses on the European market, announced it has completed the sale of its North American and Bermuda business entities to the RiverStone Group, a subsidiary of Fairfax Financial Holdings Ltd.

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John Pepper Passes

Property Insurance Coverage Law

The last time Edward Badiu sent me an out-of-the-blue text message, it was about two hours after the Champlain Towers collapsed. This time, it was about the passing of John Pepper. I have many memories of John Pepper.One of the longest-lasting was on April 19, 1995. I was taking another Hurricane Andrew deposition of John. … The post John Pepper Passes appeared first on Property Insurance Coverage Law Blog.

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Russian shadow fleet vessels passing through Baltic to be checked for insurance

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian shadow fleet vessels passing through Baltic to be checked for insurance appeared first on Insurance Marine News.

Marine 91
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Blog Post: The Deportation of American Citizens Has Begun (Again)

LexisNexis

[It's been happening for decades; this is just the most recent example.] Cory McCord, KHOU, Dec. 16, 2024 "A Houston man is fighting back after they said Immigration and Customs Enforcement Agency agents unexpectedly deported his wife and four children last week. It happened on Wednesday, Dec. 11, according to attorneys. Federico Arellano Jr. was there when ICE took his wife and children.

Agents 68
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NHTSA to Extend Airbag Probe Rather Than Require Vehicle Recall

Insurance Journal

The National Highway Traffic Safety Administration said on Wednesday it will not seek an immediate recall of airbag inflators in about 50 million U.S. vehicles assembled by 13 automakers and instead will conduct further investigation.

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Understanding The Collapse Peril

Property Insurance Coverage Law

There was more to be said about yesterdays post:When is a Collapse Not a Collapse? The Importance of Proving Damages for Partial Losses. One item that should be understood is that the ISO changed the collapse peril language so that collapse cases before 2000 do not have an enlarged definition of collapse, and many cases … The post Understanding The Collapse Peril appeared first on Property Insurance Coverage Law Blog.

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Syria’s ports working normally as Ukraine looks to supply staple foods

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Syrias ports working normally as Ukraine looks to supply staple foods appeared first on Insurance Marine News.

Marine 71
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China Merchants signs for newcastlemax newbuild brace

Splash: Finance and Insurance

China Merchants Energy Shipping (CMES) has struck a lease deal for a pair of scrubber-fitted newcastlemax bulker newbuilds delivering in 2026. The Shanghai-listed diversified shipping arm of China Merchants Group said in a filing it would be paying around $100m to take 210,000 dwt vessels on charter from China Merchants Financial Leasing for five years.

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Ex-West Virginia School System Official Charged With Stealing $3.4 Million

Insurance Journal

CHARLESTON, W.Va. (AP) A former maintenance director of a southern West Virginia county school system was charged in a scheme to steal about $3.4 million from a local board of education.

Theft 244
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Roofers and Restoration Contractors Need to Nail Down Contract Terms: Unenforceable Agreements in the Insurance Restoration Industry Are Common but Often Not Challenged

Property Insurance Coverage Law

When it comes to insurance roofing and restoration contracting, I often wonder if the construction contract is enforceable. A recent Florida case, Florida Roof Specialists, Inc. v. Gloria A. Arthur, 1 highlights the dangers contractors face when contracts lack essential legal elements. This ruling serves as a cautionary tale for insurance restoration contractors and roofers … The post Roofers and Restoration Contractors Need to Nail Down Contract Terms: Unenforceable Agreements in the Insu

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Agile launches marine division with Hughes as head

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Agile launches marine division with Hughes as head appeared first on Insurance Marine News.

Marine 66
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Taylor Maritime Investments set for rebrand

Splash: Finance and Insurance

Pursuant to a shareholder vote next month, London-listed dry bulk concern Taylor Maritime Investments will change its name to Taylor Maritime Limited.

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Viewpoint: Giving Thanks and Making a Wish List for US Insurance Regulation

Insurance Journal

The state of U.S. insurance regulation is almost certainly not a topic for most families this holiday season. Yet there is much to be thankful for as well as areas where we can do better.

Insurance 237
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Policyholders Win a Covid Case! North Carolina Supreme Court Rules Government Closure Order Can Result In “Direct Physical Damage”

Property Insurance Coverage Law

I have a vision of Amy Bach, the Executive Director of United Policyholders, jumping for joy as she read the North Carolina Supreme Court opinion, which the insurance industry must think of as a Friday the 13th ruling. The court noted its conclusion early in the opinion: Because a reasonable policyholder in the restaurants shoes … The post Policyholders Win a Covid Case!

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A third Russian tanker issues distress signal near Kerch Strait

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post A third Russian tanker issues distress signal near Kerch Strait appeared first on Insurance Marine News.

Marine 66
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How Much Does It Cost to Become an Insurance Agent?

PSM Brokerage

Becoming an insurance agent is an exciting career path that offers flexibility, financial growth, and the opportunity to help people secure their health and financial well-being. For those planning to specialize in health insurance, Medicare products, and ancillary offerings like dental and vision insurance, the possibilities are even greater. However, getting started requires understanding the steps and costs involved.

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People Moves: Augment Risk Tabs McElhiney to Lead New Captive Offering

Insurance Journal

Augment Risk, the reinsurance and risk capital solutions broker, announced the appointment of Steve McElhiney as partner of newly created captive and alternative risk transfer solutions offering.

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The Importance of Understanding “Residence Premises” in Homeowner’s Insurance—Where You Reside Is Often an Important Coverage Issue

Property Insurance Coverage Law

Death, divorce, disease, disability and wealth often lead to situations where people may change homes or have multiple places to live. Anytime these happen, policyholders need to be careful that their residential insurance policies do not stop providing full coverage. This is a significant issue, as I noted in Residence Premises and Other Killer Exclusions, … The post The Importance of Understanding Residence Premises in Homeowners InsuranceWhere You Reside Is Often an Important Coverage I

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Executive Protection: A Critical Component of Safeguarding Your People and Organization

Cowbell

Although executive protection is not a new concept, it is increasingly becoming one of the responsibilities associated with CISOs and their teams, who are expected to protect key employees from third-party threat actors. So what exactly does executive protection entail? At the highest level, it is a comprehensive security solution designed to address physical and cyber threats against executives, VIPs and other high-value individuals.

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Insurance Management Systems: CRM vs AMS Comparison

North American Software Associates

In insurance agency management, picking the right system is key to running efficiently. While Customer Relationship Management (CRM) systems might seem useful for basic contact management, modern agencies require Agency Management Systems (AMS) to operate effectively.

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Jury Awards $80M to Family of Chicago Girl Killed During Police Chase

Insurance Journal

CHICAGO (AP) A jury awarded nearly $80 million to the family of a 10-year-old Chicago girl who was killed during a police chase and crash in 2020. The city had acknowledged liability in the death of Da’Karia Spicer.

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Navigating Life Insurance for Seniors: Why It’s Never Too Late to Secure Your Future

P&L Financial Services

Life insurance often feels like a topic best tackled earlier in life, but its far from being too late for seniors to secure a meaningful policy. As an insurance agent, understanding the needs and concerns of senior clients can open the door to building trust and creating solutions tailored to their unique situations. Heres how to guide seniors through this important decision and help them feel empowered about their financial future.

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How Insurance Referral Partnerships Can Benefit Your Business

Protect Commercial Insurance

Introduction Building strong relationships is more important than ever. One effective way to grow your enterprise and enhance customer satisfaction is by establishing insurance referral partnerships. These partnerships involve collaborating with other professionals or businesses to refer clients to one another. Not only do they expand your customer base but they also bolster your reputation and create a network of valuable contacts.

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Marine round-up : 20th December 2024

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 20th December 2024 appeared first on Insurance Marine News.

Marine 52
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Highstreet Acquires Texas’ Collum Insurance Group

Insurance Journal

Highstreet Insurance Partners announced today its acquisition of Collum Insurance Group, LLC based in Richardson, Texas.

Insurance 236
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The Spaghetti Tower Study: Kindergarteners Can Teach Us About Reducing Workers’ Comp Costs

AMAXX

In a groundbreaking group dynamics exercise, Peter Skillman, an engineer, conducted a fascinating study across several universities, including Stanford, University of California, and Tokyo University. The challenge was simple yet revealing: participants had to build the tallest tower possible using 20 pieces of uncooked spaghetti, one yard of transparent tape, one yard of string, and a single marshmallow, which had to sit on top of the tower.

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Boost your business: 8 ways to promote your business on social media.

Frankenmuth Insurance

You may be on social media, but are you maximizing your presence? With 71% of small- and medium-sized businesses utilizing these platforms, knowing effective ways to promote your business on social media is crucial. Here are eight essential strategies to boost your social media impact and promote your brand. Leverage social media ads. While organic reach is valuable, investing in social media ads can significantly boost your visibility.

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