Insurance Journal
OCTOBER 16, 2024
Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind.
Property Insurance Coverage Law
OCTOBER 15, 2024
Note: This guest post is by Frederick “Beau” Kron, an Independent Adjuster, Trainer, Appraiser & Umpire. He has written this post as an Independent Adjuster and not on behalf of the IAUA. Opinions expressed are solely his own and are not meant to express the views or opinions of the IAUA. This year, a record-tying … The post Tornado Damage During Hurricanes: Navigating the Deductible Dilemma appeared first on Property Insurance Coverage Law Blog.
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The Property Insurance Law Observer
OCTOBER 16, 2024
In the recent decision Universal Property & Casualty Insurance Co. v. Qureshi , the Florida Fourth District Court of Appeal held that homeowners cannot recover replacement cost benefits unless they have incurred expenses for repairs. The court emphasized that under both the insurance policy’s plain language and Florida Statute §627.7011(3)(a), payment of replacement cost value is contingent upon the actual completion of repairs.
Splash: Finance and Insurance
OCTOBER 16, 2024
Shipping nuclear propulsion start-up CORE POWER is set to reach a funding milestone of $500m, which will support the UK-based company in finishing the technology designs and building the program for the maritime industry.
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Insurance Journal
OCTOBER 18, 2024
The US opened a federal investigation into whether Tesla Inc.’s partial-automation system marketed as Full Self-Driving is defective after a series of crashes, one of which resulted in a fatality.
Property Insurance Coverage Law
OCTOBER 17, 2024
The American Policyholder Association (APA) has emerged as a powerful force in the fight against insurance fraud, with recent achievements highlighting the critical importance of its work. The organization’s efforts, supported by dedicated legal professionals, concerned citizens, and courageous property insurance adjusters, have led to groundbreaking exposés that are shaking the foundations of the insurance … The post Supporting the American Policyholder Association With Time and Mon
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Splash: Finance and Insurance
OCTOBER 16, 2024
The Maritime Anti-Corruption Network (MACN) has received two-year project funding from the US government’s development agency USAID to help in the fight against transnational maritime sector corruption. These funds are part of USAID’s ‘Doing Business with Integrity’ activity and the collaboration will be part of its ‘Countering Transnational Corruption Grand Challenge for Development’.
Insurance Journal
OCTOBER 17, 2024
The death toll from Hurricane Milton has risen to at least 25, including an elderly man who died from smoke inhalation after a golf cart battery exploded when submerged by rising floodwaters.
Property Insurance Coverage Law
OCTOBER 13, 2024
In an era of rising sea levels, intensifying and more frequent storms, and escalating construction values, the National Flood Insurance Program (NFIP) stands as a critical bulwark against the financial devastation wrought by flooding. Yet, as we approach the program’s 60th anniversary, it’s become increasingly clear that the NFIP’s coverage limits have failed to keep … The post Modernizing the National Flood Insurance Program: A Call for Higher Coverage Limits appeared fi
Triple-I: Homeowners Insurance
OCTOBER 14, 2024
Despite warnings from two leading insurance rating agencies that Hurricane Milton weakened or threatened Florida’s recovering home insurance market, the market “can manage losses” from the Category 4 storm “and are ready to cover yet another hurricane,” if one should come this season, according to industry experts who spoke with the South Florida Sun Sentinel.
LexisNexis
OCTOBER 17, 2024
By Madison Johnson, Esq. | Marketing Manager The competitive landscape for legal services has changed significantly over the past two decades. An industry that was once characterized by long-term loyalty between law firms and corporate clients has been transformed by the creation of panels of preferred firms, law firm convergence initiatives and intensifying competition in a global marketplace.
Insurance Journal
OCTOBER 17, 2024
The New York Department of Financial Services (DFS) has issued new guidance to assist the more than 3,000 firms including insurers it regulates in addressing cybersecurity risks arising from artificial intelligence (AI).
Property Insurance Coverage Law
OCTOBER 16, 2024
Bad legal advice is to be avoided. Wrong legal advice and instruction can be disastrous. I was thinking about this while calling FAPIA Managing Director Nancy Dominguez to take down a wrong proof of loss form that some ignorant attorney had sent to a group as the proper NFIP proof of loss to be filed … The post Policyholders Beware of Whom You Hire Regarding Your National Flood Insurance Claim appeared first on Property Insurance Coverage Law Blog.
Insurance Marine News
OCTOBER 13, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian attacks on Ukraine’s ports push up insurance rates appeared first on Insurance Marine News.
EverQuote
OCTOBER 16, 2024
Recruiting insurance agents is always a challenge. Finding great ones is even more difficult, especially when you’re short-staffed and need someone to follow up with all the qualified leads you’re getting. You might be tempted to hire from the first batch of decent candidates, but you know that probably won’t bode well for the long-term success of your business.
Insurance Journal
OCTOBER 18, 2024
Florida’s insurance commissioner this week issued emergency orders, extending some policyholder cancellation protections in the wake of Hurricanes Helene and Milton. The orders, seen here and here, are in line with similar actions taken after hurricanes.
Property Insurance Coverage Law
OCTOBER 14, 2024
Following Hurricanes Helene and Milton, many Florida and southeast residents are left grappling with flood damage – some for the second or third time in recent years. For National Flood Insurance Program (NFIP) policyholders, especially those who have experienced prior flood losses, understanding the documentation requirements for repairs is crucial.
Insurance Marine News
OCTOBER 13, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Drought blocks shipping in northern Brazil grains corridor appeared first on Insurance Marine News.
Smart Insurance Agents
OCTOBER 13, 2024
Introduction Finding your way through dental insurance can be confusing. This is especially true when you encounter waiting periods that hold back important dental coverage. Luckily, some dental insurance plans provide instant access to many dental services right away, without a waiting period. These plans, such as Spirit Dental Insurance, help you get the dental care you need without having to wait, making them a great option for those seeking immediate insurance coverage.
Insurance Journal
OCTOBER 18, 2024
Four men have been charged with defrauding New York auto insurers by allegedly submitting more than $10 million in fraudulent claims for psychological services —and then laundering the proceeds of that fraud through a network of illicit check cashers.
Property Insurance Coverage Law
OCTOBER 18, 2024
Amy Bach‘s recent LinkedIn post yesterday highlighting concerns about excessive compensation in the insurance industry has struck a chord with many policyholders and consumer advocates. Bach raised these issues in a panel discussion at the American Academy of Actuaries. Her observations are particularly pertinent to the ongoing challenges faced by consumers in the insurance market, … The post Amy Bach and United Policyholders Raise Issues About Insurance Executives Insurance Taking M
Insurance Marine News
OCTOBER 13, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Explosion and fire on tanker off Germany’s Baltic coast appeared first on Insurance Marine News.
RiskQuoter
OCTOBER 13, 2024
Prudential is one of the most competitive life insurance companies for high risk health issues such as HIV, cancer, heart disease, diabetes, as well as for tobacco users, private pilots and much more. The post The Prudential Advantage: Insights From A licensed Life Insurance Agent appeared first on RiskQuoter.com.
Insurance Journal
OCTOBER 18, 2024
The Arkansas Insurance Hall of Fame honored five inductees and awarded seven scholarships to insurance students at its annual banquet in Conway on Oct. 17. The banquet was held on the campus of the University of Central Arkansas.
Splash: Finance and Insurance
OCTOBER 17, 2024
Saudi Arabia’s flagship line Bahri has secured $756m to partially finance nine very large crude carriers it agreed to buy from Evangelos Marinakis-controlled Capital Maritime & Trading earlier this year. The Riyadh-based company has penned a murabaha financing deal with Alinma Bank.
Insurance Marine News
OCTOBER 13, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Businesses investigated by UK over oil ties with Russia appeared first on Insurance Marine News.
Wren Insurance Agency
OCTOBER 17, 2024
We realize that not everyone lives and breathes insurance everyday like we do, so we like to take some time now and then to explain some "Insurance 101" items to ensure clients are as educated as possible when it comes to making decisions on insurance. At this time of year, typically due to Florida storms causing damage to our homes, there are a larger number of insurance claims than normal.
Insurance Journal
OCTOBER 17, 2024
McKinsey & Co. is nearing a deal with US prosecutors to pay at least $500 million to settle federal probes into its past work helping opioid makers boost sales, according to people familiar with the matter.
AMAXX
OCTOBER 15, 2024
One of the most significant challenges for employers today is managing the rising costs of workers’ compensation claims. The price tag associated with these claims can severely impact a company’s bottom line if not controlled effectively. This post will dive into the two primary reasons why workers’ compensation costs are often higher than they should be, and how employers can take charge of the process to reduce those expenses.
Insurance Marine News
OCTOBER 13, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cruise ships diverted and delayed by Hurricane Milton appeared first on Insurance Marine News.
Splash: Finance and Insurance
OCTOBER 14, 2024
Facing a large hole in its coffers, the French government has targeted cash-rich shipowners in its latest budget plans.
Insurance Journal
OCTOBER 18, 2024
Hurricanes Helene and Milton devastated swaths of the southeastern US by bringing too much water. Now, communities are struggling with the opposite problem: too little of it.
AMAXX
OCTOBER 14, 2024
by Andrea Mills, Chief Client Officer, Ametros Strategies to streamline efficiency and effectiveness in medical settlement processes The settlement of a workers’ compensation or liability claim should ideally benefit both the injured individual and the payer. However, numerous obstacles and confusion surrounding the intricacies of both systems and the management of medical funds post-settlement can hinder or even prevent the closure of medical cases.
Insurance Marine News
OCTOBER 13, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Court of Inquiry formed for sinking of NZ Navy research vessel Manawanui appeared first on Insurance Marine News.
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