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.
Central Insurance
AUGUST 21, 2024
Learn why business insurance for LLCs is essential to protect your assets and operations. Explore key policies like general liability, property, and professional liability insurance, ensuring full coverage for your business. The post Business Insurance for LLCs: What Policies Do You Need for Full Coverage? appeared first on Central Insurance Blog.
Advertiser: Trellis
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
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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.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Splash: Finance and Insurance
AUGUST 19, 2024
The UK’s development finance arm, British International Investment (BII), has joined Dubai-headquartered terminal operator DP World with a capital injection directed towards the development of the Democratic Republic of the Congo’s first deepwater container port.
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.
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?
Advertiser: Trellis
Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor
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 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 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?
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 Unprecedented railway strike in Canada begins appeared first on Insurance Marine News.
Insurance Journal
AUGUST 18, 2024
Security leaders should be exercising every available option to upgrade their security posture, and cyber insurance policies could make or break the resiliency for many organizations across nearly all industries — K-12 education, retail, healthcare, manufacturing and more.
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
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.
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?
Agency Revolution
AUGUST 21, 2024
This strategic hire completes Agency Revolution’s leadership team and underscores its commitment to providing top-tier digital marketing solutions for independent insurance agents. August 19, 2024 – Agency Revolution , the leading marketing and communication enablement and website provider for independent insurance agencies, is thrilled to announce the appointment of Dan Goodwin as the new Vice President of Enterprise Sales.
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 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.
Property Insurance Coverage Law
AUGUST 19, 2024
Can you imagine a business industry trade group going to politicians asking for laws that prevent others from collecting valid debts from them? Most would be laughed out of town. That is exactly what the insurance industry has accomplished in Florida with recent changes in law. A local investigative news article written by Kate Cimini of the … The post Let’s Get Tough on Drunk Driving but Not Have Any Penalties For the Drunk Driver: Making It Difficult For Policyholders To Collect On Debts
Agency Revolution
AUGUST 19, 2024
This strategic hire enhances Agency Revolution’s leadership team and underscores its commitment to providing top-tier digital marketing solutions for independent insurance agents. August 19, 2024 – Agency Revolution , the leading marketing and communication enablement and website provider for insurance agencies, is thrilled to announce the appointment of Zack Yurch as the new Vice President of Retail Sales.
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 Journal
AUGUST 23, 2024
The UK Navy said that three fires have been observed on a ship attacked in the Red Sea earlier this week.
Property Insurance Coverage Law
AUGUST 18, 2024
Property damage insurance claims funding by factoring companies is a relatively recent phenomenon in the property insurance claims industry. The lawsuit between Insured Advocacy Group, LLC (IAG) and PCG Claims, LLC1 serves as an example of the challenges that insurance restoration firms and other associated companies in the property claims business may face.
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.
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 Journal
AUGUST 22, 2024
Australia is facing elevated wildfire risks months ahead of the summer fire season, as an unusually warm winter scorches parts of the continent and threatens to set temperature records.
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