AMAXX
FEBRUARY 18, 2025
When it comes to managing workers’ compensation, understanding classification rules is fundamental. These rules not only influence the amount you pay in premiums but also help ensure that your company is correctly classified based on the work it performs. Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk.
Property Insurance Coverage Law
FEBRUARY 20, 2025
A new bill filed in the Florida Senate by Don Gaetz is making waves by proposing that insurance companies disclose the financial relationships of their executives and related entities. The legislation would require a report detailing the compensation of executives, including salaries, stock options, bonuses, stock buybacks, and other taxable payments.
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Insurance Journal
FEBRUARY 19, 2025
While writing primary casualty insurance is more appealing than writing casualty reinsurance, the chief executive of Arch Capital said casualty reinsurance business remains attractive for his company. Speaking during an earnings conference call on Feb. 10, after reporting $3.
LexisNexis
FEBRUARY 20, 2025
By Madison Johnson, Esq. | Manager, Large Markets The legal profession is witnessing a transformative shift with the emergence of artificial intelligence (AI) systems. The new class of AI-powered tools, known as Agentic AI, are destined to shape the future as we navigate the ethical implications of their adoption in the legal industry. These AI tools, characterized by their ability to act autonomously on behalf of users while adhering to specific constraints and objectives, are changing how lega
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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Splash: Finance and Insurance
FEBRUARY 18, 2025
Two years after it was founded, Hamburgs Marine Alliance is growing through the acquisition of a majority stake in London-based insurance broker Speedwell, who will join the current partnership of Marine Assekuranz and Fram Insurance Brokers.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
FEBRUARY 19, 2025
Dream, an artificial intelligence company that provides cybersecurity services to governments and critical infrastructure operators such as hospitals and utilities, has raised $100 million at a $1.1 billion valuation.
LexisNexis
FEBRUARY 20, 2025
By: Practical Guidance Corporate investment in generative artificial intelligence (Gen AI) technologies continues to accelerate. Average Gen AI budgets grew by 30% in 2024 and they are expected to grow at roughly 60% over the next three years, soaring to 7.6% of total IT budgets by 2027, according to a report from Boston Consulting Group. These investments are leading directly to rapid adoption of Gen AI tools in the workplace.
Central Insurance
FEBRUARY 20, 2025
Discover key coverage options, risks, and best practices for landowners. The post What Vacant Land Insurance Policies Should I Invest In? appeared first on Central Insurance Blog.
Property Insurance Coverage Law
FEBRUARY 17, 2025
The Florida House Committee on Banking and Insurance seemed to have many constituents upset with delays and denials when I was testifying in front of them a month ago. The insurance representative tried to explain that many of the denials were because most policies do not cover flood. Our firm was asked to represent a … The post Florida Policyholders Are Upset with Stupid Denials of Claims appeared first on Property Insurance Coverage Law Blog.
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
Insurance Journal
FEBRUARY 19, 2025
Howden, the London-based global insurance intermediary group, announced the acquisition of aviation specialists Forbes Insurance Ltd., and the acquisition of the book of business from Hill Aviation Insurance Services Ltd. Financial details of the acquisitions were not disclosed.
AMAXX
FEBRUARY 18, 2025
Achieving a 90% return-to-work rate within 0-4 days is the gold standard for managing workers’ compensation claims, with best-in-class organizations reaching 95%+. However, some cases present challenges that require a more strategic approach. Consider Psychosocial Factors Recovery from work injuries is often influenced by psychological and social barriers that go beyond physical healing.
LexisNexis
FEBRUARY 19, 2025
The LexisNexis global technology platform incorporates various AI innovations, including extractive AI that identifies relevant results within data and offers detailed insights; generative AI which produces new content from data based on user prompts or instructions; and agentic AI that can perform tasks autonomously on behalf of users. We live in an era of such rapid technological innovation; the only thing certain is change.
Property Insurance Coverage Law
FEBRUARY 19, 2025
As hurricane claims attorneys on both sides of the v. in litigation know, a fundamental tenet of Louisiana Law is that [A]n insurer has a continuing duty of good faith and fair dealing which extends throughout the litigation period. 1 Mental anguish, emotional distress, humiliation, aggravation, inconvenience, loss of property, loss of use, and defense … The post Policyholder Prevails in Bad Faith Lawsuit appeared first on Property Insurance Coverage Law Blog.
Insurance Journal
FEBRUARY 19, 2025
Apollo, the London-based insurance group, announced they have expanded their offering into drone product liability. Apollo is providing the capacity for this product liability offering as part of an existing binder with Moonrock, the specialist managing general agent.
AMAXX
FEBRUARY 17, 2025
When a worker is injured, their experience in the workers’ compensation system can have a profound impact on their recovery, return to work, and overall job satisfaction. A lack of clear communication often leads to confusion, frustration, and even litigation , increasing costs for both the employer and the injured worker. However, implementing strong communication strategies can significantly improve claim outcomes and reduce unnecessary legal battles.
R&R Insurance
FEBRUARY 20, 2025
This article was updated on February 17th, 2025 with fresh statistics. It's the same story as was originally published in 2019, just more intense! On October 1, 2024 Wisconsin continued its trend entering a ninth consecutive year of reduced workers compensation insurance rates. Rates in 2024 fell an average of 10.5% compared to 2023, which is the most dramatic reduction in over a decade.
Property Insurance Coverage Law
FEBRUARY 15, 2025
Hurricane claims attorneys know that the estimate of damages caused by a storm is the foundation of every favorable judgment and jury verdict. Recently, in a Hurricane Laura case, the United States Fifth Circuit Court of Appeal affirmed the district courts exclusion of the Defendant-Insurers engineers estimate based upon the finding that he was not … The post Residential Property Damage Lawyers Beware: Court Excludes Experts Estimate Finding an Estimate Is Not an Adjustment appeared first
Insurance Journal
FEBRUARY 17, 2025
Uber Technologies Inc. is pouring millions of dollars into a national ad campaign to push for reforms in insurance policies that it says have been exploited by personal injury lawyers and contribute to higher ride prices.
Scott Insurance
FEBRUARY 19, 2025
Preserving existing affordable housing is a critical component of addressing Americas affordable housing shortage. However, affordable housing developers focused on rehabilitating, or rehabbing, older properties face many challenges beyond the risks associated with new construction. Understanding Rehab Insurance Challenges Compared to new construction projects, rehabbing affordable housing comes with a unique set of risk management and insurance challenges.
LexisNexis
FEBRUARY 20, 2025
Legal budgeting is a critical component of the law department, yet it presents numerous challenges for legal operations and their stakeholders. Legal budgeting requires a strategic approach, from aligning with corporate financial goals to managing external counsel costs. Below, we explore the common challenges faced in legal budgeting, the preferences of stakeholders, and the role of legal budgeting software in streamlining the process.
Property Insurance Coverage Law
FEBRUARY 18, 2025
I wish I had a dollar for every person who has said, This is a slam dunk bad faith case. One lesson I repeatedly tell readers of this blog is that there is no such thing as an easy lawsuit. The second is that allegations in a complaint are one thing, and proof to satisfy … The post Winning a Bad Faith Lawsuit Is Never Easy appeared first on Property Insurance Coverage Law Blog.
Insurance Journal
FEBRUARY 21, 2025
The U.S. property/casualty industry took another underwriting loss in 2024, but results improved thanks to rate increases and changes in risk selection. A report from industry rating agency AM Best this week said U.S.
Southwest Insurance Agents Alliance
FEBRUARY 20, 2025
The insurance industry is fiercely competitive, with local agencies focused on in their marketing efforts to secure a portion of the market. However, many insurance business owners fall into the pitfall of trying to lure potential customers by offering the lowest prices. While low prices might be sensible for large companies that sell in high volumes, for a small business, it is a poor strategy.
Central Insurance
FEBRUARY 18, 2025
Learn why condominium insurance is essential for condo associations. Discover key policies to protect your property and board members from financial risks. The post Condominium Insurance: The Policies You Need When Purchasing Property appeared first on Central Insurance Blog.
Property Insurance Coverage Law
FEBRUARY 18, 2025
I wish I had a dollar for every person who has said, This is a slam dunk bad faith case. One lesson I repeatedly tell readers of this blog is that there is no such thing as an easy lawsuit. The second is that allegations in a complaint are one thing, and proof to satisfy … The post Winning a Bad Faith Lawsuit Is Never Easy appeared first on Property Insurance Coverage Law Blog.
Insurance Journal
FEBRUARY 20, 2025
Over the past decade, there’s been a dramatic increase in reconstruction costs, according to Trish Hopkinson, head of 360Value at Verisk. The 10-year analysis examined residential and commercial reconstruction costs between October 2014 and October 2024.
PSM Brokerage
FEBRUARY 19, 2025
A Direct Mail Solution for Agents The Medicare market is always evolving, and with recent changes in the Dual Special Needs Plan (DSNP) landscape, many beneficiaries are facing the unexpected loss of their coverage. As an insurance professional, you have a critical opportunity to step in and guide these individuals through their options. To support you in this effort, weve created a direct mail postcard that makes it easy to connect with Medicare beneficiaries who need help finding new coverage.
Rough Notes
FEBRUARY 18, 2025
Coverage will be there, but who will provide it? Disputes arise when proprietary forms seek to state that the coverage provided is excess over any other collectible insurance. It then becomes a question of who goes first . By Joseph S. Harrington, CPCU Mutually repugnant.
Property Insurance Coverage Law
FEBRUARY 16, 2025
California fire insurance policies must provide an insured a minimum of 12 months from the inception of the loss to bring any suit or action on the policy for recovery of any claim. Cal. Ins. Code 2071. In 2024, the California Supreme Court interpreted this to include causes action for breach of contract and … The post Reminder on Time Limitations to File Suit for California Wildfire Claims appeared first on Property Insurance Coverage Law Blog.
Insurance Journal
FEBRUARY 18, 2025
Is a binder binding, even if the property owner never received the insurance policy? Yes, it is, the Alabama Supreme Court decided last week in a case that marks another win for insurers relying on binding arbitration agreements.
Tosten Marketing
FEBRUARY 20, 2025
At Tosten Marketing, we often field questions about SEO and SEM marketing. These two strategies are cornerstones of digital marketing, but they’re not interchangeable. Understanding the differences between SEO and SEM is key to crafting an effective online presence. In this post, we’ll break down both approaches and highlight their unique strengths.
LexisNexis
FEBRUARY 18, 2025
This post originally appeared on Above the Law on January 23, 2025. Recent CounselLink upgrades integrate the full in-house workflow with the broader suite of LexisNexis products. Corporate law departments have elevated the legal operations profession in recent years, making these roles central to their ongoing quest for ever-more efficiency. With its recent launch of CounselLink+ , LexisNexis has provided a new tool to help in-house lawyers and legal operations professionals meet these demands.
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