Insurance Journal
AUGUST 22, 2024
New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and ransom payments.
Property Insurance Coverage Law
AUGUST 23, 2024
Imagine a man on a mission, a quest for knowledge that rivals Clark Griswold’s relentless pursuit of the perfect nerd’s vacation. I embarked on a journey from the sun-soaked shores of Tampa to the hallowed halls of the Insurance Library Association of Boston with visions of endless shelves brimming with insurance maps and dusty 19th-century … The post The Boston Insurance Library appeared first on Property Insurance Coverage Law Blog.
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Solstice Insurance Broker
AUGUST 23, 2024
TikTok is more than just a platform for entertainment, it has become a prime marketplace for both sellers and buyers. Boasting 128 million downloads , TikTok is the third most downloaded app worldwide. Professionals are actively using the app to showcase their businesses and products, while consumers are turning to it for insights on services or products before making a purchase.
The Property Insurance Law Observer
AUGUST 22, 2024
In Life Skills, Inc. v. Harleysville Insurance Company , 2024 WL 3792261 (D. Mass. 2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. Background The plaintiff-insured provided residential and day habilitation services in a property covered by a commercial package insurance policy issued by the defendant-insurer.
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Insurance Journal
AUGUST 20, 2024
Grenada has become the first country in the world to use a so-called hurricane clause in a government bond – a special feature that allows authorities to postpone debt payments in the wake of a major natural disaster.
Property Insurance Coverage Law
AUGUST 20, 2024
The Golden Rule is often a good gauge of propriety and ethics. If good ole insurance defense attorney Steve Badger called me and said, “Chip, guess what? I saved you a bunch of time, effort and cost. I sent an email to a judge, and he appointed the umpire to our client’s insurance appraisal,” most … The post Is It Proper or Ethical to Race to Get an Umpire Appointed Without Informing the Other Party?
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Marine News
AUGUST 22, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Sea World Management ship attacked four times in 24 hours appeared first on Insurance Marine News.
Insurance Journal
AUGUST 23, 2024
Software engineer Kenna Ofoegbu in Houston, Texas tries hard to keep his three kids cool during the summer and that means air conditioning. Yet their house has lost power three times in just the past two and a half months.
Property Insurance Coverage Law
AUGUST 18, 2024
Many policyholders forget that their insurance policy is a contract and is subject, with exceptions, to the usual laws of contract. An issue that frequently arises is whether the named insured is able to assign insurance proceeds under the policy to another. The answer to that question is dependent on the type of coverage sought. … The post Insurance Policy Assignment Provisions: What They Are and When Insurers Have to Consent appeared first on Property Insurance Coverage Law Blog.
Cowbell
AUGUST 20, 2024
Today, at Cowbell we announced the appointments of two new hires to drive strategic growth. Jeff Ritchie has been appointed Senior Director of Digital Distribution and Dan Johnson has joined the firm as a Senior Business Analyst. In his role, Ritchie will be responsible for digital partnerships as well as expanding digital product offerings and capabilities.
Insurance Marine News
AUGUST 22, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Unprecedented railway strike in Canada begins appeared first on Insurance Marine News.
Insurance Journal
AUGUST 22, 2024
Hiscox Ltd. issued a statement confirming that the insurer’s chair, Jonathan Bloomer, and Bloomer’s wife, Judy, died in the tragic sinking of the Bayesian off the coast of Sicily on Monday, Aug. 19.
Property Insurance Coverage Law
AUGUST 19, 2024
A trio of recent Maryland cases decided this summer involving demands for appraisal show that many courts are questioning whether property insurance appraisals are more akin to arbitrations and whether appraisal demands are proper when coverage issues arise. The trend is that federal courts are increasingly indicating that appraisal is to be treated as a … The post Maryland’s Treatment of Appraisal and Questions About the Federal Arbitration Act Preemption of State Appraisal Law appeared f
Splash: Finance and Insurance
AUGUST 19, 2024
Japan’s Sumitomo Corporation has bought a stake in the family-run monopile producer EEW Offshore Wind Holding. The transaction will have a commercial effect from July 1 and will be completed at the end of December 2024, subject to legal and regulatory requirements.
Insurance Marine News
AUGUST 22, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Crew rescued from Sounion tanker in Red Sea appeared first on Insurance Marine News.
Insurance Journal
AUGUST 20, 2024
An upstate New York jury has awarded more than $287 million in punitive damages and other compensation to a man and the estate of his deceased girlfriend following a fatal accident involving their Harley-Davidson “trike” motorcycle.
Property Insurance Coverage Law
AUGUST 22, 2024
Insurance restoration contractors have a lot on their plate. They are not building based on new plans but repairing already-built structures. Many of the damages are hidden, and the party whom everybody is counting on to finance the repair, the insurance company, is often not in a position to approve or promise any reconstruction project … The post Are Many Restoration Contracts Unenforceable Because They Lack a Specific Price and Scope of Work?
Frankenmuth Insurance
AUGUST 22, 2024
Planning for retirement is a complex task for anyone, but it’s even trickier for business owners. In addition to the usual questions, like “How much do I need?” and “Do I have enough saved?,” entrepreneurs also need to decide what they’ll do with their businesses after they retire. To help you plan, ask yourself these two questions, then follow our retirement checklist for business owners.
Insurance Marine News
AUGUST 22, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Indian High Court orders sale of seized vessel: report appeared first on Insurance Marine News.
Insurance Journal
AUGUST 20, 2024
Texas is facing its biggest test of the summer this week to keep the power on — and air conditioners running — as temperatures hit triple digits and push electricity consumption to all-time highs.
Property Insurance Coverage Law
AUGUST 21, 2024
Sinjel, L.L.C. v. Ohio Casualty Insurance Company, 1 is a case decided last week involving vacancy clauses often found in property insurance policies, the impact of forfeiture clauses, and how those clauses can be waived. The case stands for the proposition that Mississippi law recognizes the doctrine of waiver regarding forfeiture clauses found in insurance … The post Is Waiving Forfeiture Clauses Possible?
Splash: Finance and Insurance
AUGUST 18, 2024
James Herbert, secretary-general of the International Salvage Union, writes for Splash today, emphasising the importance of the Lloyd’s Open Form. It is almost impossible to see a piece of corporate writing relating to any industry today without a reference to ESG.
Insurance Marine News
AUGUST 22, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post More than 700kg of cocaine discovered in a week at Rotterdam appeared first on Insurance Marine News.
Insurance Journal
AUGUST 18, 2024
A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers.
Zywave
AUGUST 20, 2024
Boost your bottom line and simplify your agency operations. Streamline account management and effortlessly handle complex commission tracking with BrokerageBuilder.
Splash: Finance and Insurance
AUGUST 19, 2024
Danish offshore wind vessel pure play Cadeler has strengthened its financial capacity by securing improved terms for financing of two newbuilds of about $456m and expanding its revolving credit facility by a year, alongside doubling its uncommitted guarantee lines to €200m to capitalise on market opportunities.
AMAXX
AUGUST 21, 2024
In the complex world of workers’ compensation, setting accurate reserves is a critical task for adjusters. Reserves are the funds set aside by an insurer to cover the future costs of a claim, including medical expenses, lost wages, and other associated costs. However, even the most experienced adjuster can sometimes under-reserve a claim, leading to financial surprises later on. 5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected: 1.
Insurance Journal
AUGUST 23, 2024
Ping An Insurance (Group) Co. said profit rose nearly 7% in the first half, after a stock-market recovery helped bolster investment returns at China’s second-largest insurer by market value. Net income climbed to 74.6 billion yuan ($10.
Wren Insurance Agency
AUGUST 20, 2024
Today nearly a dozen different car insurance carriers offer a "safe driving" program for customers that elect to participate. These optional programs typically include either a plug-in telematics device that you temporarily install in your car, or a mobile phone app that you download. These programs record your driving habits from as little as 30 days to the full length of your policy and feed that driving information to the carrier about things like miles driven, average speed, acceleration and
CDC: Workers Compensation
AUGUST 22, 2024
When thinking of mining, many picture male coal miners. This is because most miners are men, and many depictions of coal miners are of men wearing hardhats and dusty reflective coveralls. Women have been working in various capacities above ground in coal mining since coal was first commercially used in the U.S. in the early 1700s. However, it wasn’t until 1974 that women were formally recognized and included in the underground coal mining workforce.
LexisNexis
AUGUST 22, 2024
The 2024 edition of ILTACON , the premier educational and networking event for the legal technology sector, wrapped up in Nashville on August 15 th and attendees returned to their offices around the world with fresh insights into successful strategies for today’s transforming legal industry. During the 4.5-day conference, one announcement had industry experts and influencers excited about the personalized future of generative AI for the legal industry.
Insurance Journal
AUGUST 21, 2024
Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-meter-long (184-ft) sailboat, that was hit by a ferocious storm on Monday, sinking off the northern coast of Sicily, two sources with knowledge of the matter …
Agency Revolution
AUGUST 23, 2024
More than a team. At Agency Revolution, we’re more than a team of digital marketing pros and independent insurance agency allies. We’re also a group of people who enjoy getting together, having fun, and planning for the future Welcome to our 2024 Summer Summit! Traveling far and wide. The 2024 AR Summer Summit began with a travel day for folks coming in from all over the United States: Alabama, Florida, Ohio, and more!
R&R Insurance
AUGUST 20, 2024
As we celebrate National Immunization Awareness Month in August, it is crucial to recognize the significant impact of vaccines in preventing diseases among adults aged fifty and older. The Adult Vaccine Access Coalition reveals that the United States allocates a staggering twenty-six and a half billion dollars annually towards combating four vaccine-preventable illnesses: Influenza (flu), Pneumococcal disease, Pertussis (Whooping Cough), and Shingles.
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