Sat.Dec 07, 2024 - Fri.Dec 13, 2024

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Identities of Shadow Banks That Use New BOE Tool to Remain Secret

Insurance Journal

The Bank of England will hide the identities of any pension funds, insurers or hedge funds bailed out under a new financial stability tool to prevent a wider crisis engulfing the economy, Deputy Governor Dave Ramsden said.

Insurance 325
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What Damages Are Covered by a CGL Policy?

Central Insurance

Learn what damages a CGL policy covers, common exclusions, and how tailored endorsements protect contractors and builders. The post What Damages Are Covered by a CGL Policy? appeared first on Central Insurance Blog.

Damage 217
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Can Insurance Companies Sue Public Adjusters for Not Being Licensed or Not Having a Valid Contract?

Property Insurance Coverage Law

The issue raised in this title usually arises with policyholders not wanting to pay a public adjuster fee because the public adjuster service contract was not valid or the public adjusters license lapsed sometime during the contract. MAPFRE Insurance Company has filed a fascinating complaint 1 against an allegedly unlicensed public adjuster license and company … The post Can Insurance Companies Sue Public Adjusters for Not Being Licensed or Not Having a Valid Contract?

License 169
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How to Boost Your Year-End Insurance Sales | Solstice

Solstice Insurance Broker

As the year wraps up, it's more important than ever to hit those sales targets. This period is often marked by heightened competition and a sense of urgency.

Insurance 114
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Streamline Insurance Claims Management By Analyzing Legal Trends

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

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Ohio Manufacturer Faces $182K Fine for Workers’ Amputations

Insurance Journal

U.S. Department of Labor inspectors found a Cleveland, Ohio bakeware manufacturer failed to prevent two workers from suffering injuries that resulted in amputations, incidents that could have been avoided with proper safety measures.

Injury 285

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Roofer Agrees to Cease and Desist Consent Order Preventing Advertising and Acting As a Licensed Public Adjuster

Property Insurance Coverage Law

As a follow-up to my post, Everybody Must Follow the LawInsurance Restoration Contractors Need to Stop Acting as Public Adjusters or Face Fines and Class Action Lawsuits, a Consent Order 1 was recently issued by the Iowa Insurance Commissioner in which Darren Reeves and his companies, Darren Reeves Roofing LLC and Darren Reeves Construction LLC, … The post Roofer Agrees to Cease and Desist Consent Order Preventing Advertising and Acting As a Licensed Public Adjuster appeared first on Prope

License 153
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Maritime Union of New Zealand votes against resumption of live animal exports

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Maritime Union of New Zealand votes against resumption of live animal exports appeared first on Insurance Marine News.

Marine 105
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Coming Soon to Florida: New State-Fed Program to Elevate Homes in Flood Zones

Insurance Journal

At the Florida Chamber of Commerce Insurance Summit last week, the state’s emergency management director announced a multi-million-dollar program that many homeowners, lawmakers and insurers have long hoped for: New grants and low-interest loans that will help elevate homes above …

Insurance 279
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Blog Post: 4 Reasons Why Law Firms Need to Connect Their Legal AI Tool with Their DMS Platform

LexisNexis

By Madison Johnson, Esq | Manager, Large Markets More than half of Am Law 200 law firms have already purchased Legal AI tools, generative artificial intelligence developed specially for the legal profession, and nearly all large firms expect their investment in Gen AI technologies to increase over the next five years, according to a LexisNexis survey conducted earlier this year.

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What is a “Dwelling” “Structure” or Not a “Building Structure” Under Homeowners Policy? Policy Definitions and Reading the Full Policy Are Keys to Finding Coverage

Property Insurance Coverage Law

Coverage litigation is sometimes a game of interpreting the language of a complicated document, the insurance policy. Doing so is not always easy, and things are not always as they seem. This post is a reminder to study When Words Collide: Policy Interpretation Doctrines and the 10 Commandments. Understand your Insurance Policy BetterRTFP! A recent … The post What is a Dwelling Structure or Not a Building Structure Under Homeowners Policy?

Policy 149
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Vessels, undersea cables, and offshore oil installations increasingly becoming “gray zone” targets: WTW

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Vessels, undersea cables, and offshore oil installations increasingly becoming gray zone targets: WTW appeared first on Insurance Marine News.

Marine 105
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Malibu Fire Explodes in Size, Forces Thousands to Evacuate

Insurance Journal

A Southern California wildfire whipped by “particularly dangerous” winds destroyed homes, shut schools and spurred the evacuation of thousands of people near Malibu.

Damage 277
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The Perfect Sales Pitch for Medicare Sales

PSM Brokerage

Engage, Educate, and Close with Confidence Selling Medicare plans is as much an art as it is a science. A successful pitch combines knowledge, strategy, and personality, all while navigating the complex web of compliance rules. So, how do you master the perfect sales pitch for Medicare sales? Lets break it down with some examples and best practices.

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Hurricane Katrina Claim Leads to Significant Punitive Damages Award—Mississippi Recognizes Common Law Obligations of Good Faith

Property Insurance Coverage Law

The Mississippi Supreme Court has affirmed a $10 million punitive damages award against USAA for its bad faith handling of a Hurricane Katrina claim, sending a clear message about insurers’ obligations to their policyholders.1 The case provides important lessons about proper claims handling and the consequences of failing to conduct thorough investigations.

Damage 126
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Tanker nearly drifts aground off Brittany, France

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Tanker nearly drifts aground off Brittany, France appeared first on Insurance Marine News.

Marine 104
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Florida Hospital Can’t Avoid Med Mal Suit Over Birth Injury, Appeals Court Says

Insurance Journal

Florida lawmakers established the Birth-Related Neurological Injury fund in 1988 to provide a no-fault remedy for parents of children with certain injuries incurred at birth, with an aim toward reducing the soaring cost of medical malpractice claims.

Injury 264
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Finding Your AI Waze: A Roadmap for Insurance Agents to Thrive

Agency Intelligence

The insurance world is evolving at a pace that makes the old days of waiting for paper files feel like a distant memory. As Jeff Roy put it in a recent Agency Intelligence Mastermind Meeting, we’re not just finding a faster horsewe’re building a flying car.

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Florida Insurance Agent Standard of Care and the “Special Relationship” They Share with the Insured

Property Insurance Coverage Law

In Florida, insurance agents play a vital role in helping clients navigate the complexities of insurance coverage. The standard of care required of these agents ensures that clients are properly advised and that their insurance needs are met, while also protecting the agents professional integrity. This standard holds agents to fiduciary responsibilities and mandates that … The post Florida Insurance Agent Standard of Care and the Special Relationship They Share with the Insured appeared f

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Cargo shift causes loss of gantry cranes from heavy load carrier

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cargo shift causes loss of gantry cranes from heavy load carrier appeared first on Insurance Marine News.

Marine 102
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Farmers Now Eyeing California Favorably and Will Expand Its Coverage Options

Insurance Journal

Farmers Insurance said on Wednesday it will resume offering coverage for multiple lines of insurance in California to new customers. The lines include condominium, renters, umbrella, landlord, vacant and manufactured home.

Insurance 264
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Stay Ahead in 2025: Join Our Compliance Webinar with Relation Insurance Services!

Relation

Are you ready to navigate the evolving compliance landscape for employee benefits and group health plans in 2025? Dont miss our upcoming webinar hosted by Relation Insurance Services, where our Vice President of Compliance, Matthew LoPorto, will provide expert insights to help you prepare for critical regulatory updates. This engaging session is your opportunity to […] The post Stay Ahead in 2025: Join Our Compliance Webinar with Relation Insurance Services!

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Specialist workshops added to Geneva Dry

Splash: Finance and Insurance

Based on feedback from delegates to this years event, the organisers of Geneva Dry have added two specialist workshops to next years edition of the worlds premier commodities shipping conference.

Risk 99
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EU includes about 50 ships in new package of sanctions against Russia

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post EU includes about 50 ships in new package of sanctions against Russia appeared first on Insurance Marine News.

Marine 98
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Inszone Acquires Texas’ Southerland And Associates

Insurance Journal

Inszone Insurance Services announced the acquisition of Southerland and Associates, Inc., an agency based in Austin, Texas.

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Short Term Health Insurance Illinois

Smart Insurance Agents

Short Term Health Insurance Illinois: No longer available as of January 1, 2025. The Get Covered Illinois Navigator Program provides free enrollment assistance to Illinoisans across the state who have questions, need help enrolling in coverage, or want to change health plans. They can use the Find Local Help tool on GetCoveredIllinois.gov to find our navigators in their area.

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Pet Disaster Preparedness: How to Safeguard Your Pet During Emergencies

McMahon Insurance Agency

Prepare your pet for any disaster. Learn the essential steps to ensure your pets safety and comfort during unexpected emergencies.

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Somali pirates reject ransom offer for hi-jacked Chinese vessel: reports

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Somali pirates reject ransom offer for hi-jacked Chinese vessel: reports appeared first on Insurance Marine News.

Marine 99
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AI Safety Is Hard to Steer With Science in Flux, US Official Says

Insurance Journal

Policymakers aiming to recommend safeguards for artificial intelligence are facing a formidable challenge: science that is still evolving.

Risk 264
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Poseidon Principles banks make headway in aligning with climate targets

Splash: Finance and Insurance

The Poseidon Principles group of banks has moved closer to alignment with IMOs revised GHG strategy to remove emissions from shipping by 2050. In its fifth annual report, the framework for measuring and reporting the alignment of lenders shipping portfolios with climate goals showed a noticeable progression from last year.

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9 Vital Homeowner Maintenance Tips to Prevent Costly Damage

McMahon Insurance Agency

Discover 9 homeowner maintenance tips to protect your property. Learn how care for your roof, HVAC, plumbing, and safety systems can help.

Damage 95
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FMC closes Great Lakes ballast water investigation

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post FMC closes Great Lakes ballast water investigation appeared first on Insurance Marine News.

Marine 98
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New York Expands Workers’ Compensation For Mental Health to All Workers

Insurance Journal

New York Governor Kathy Hochul has signed legislation to expand workers’ compensation benefits to people who are facing job-related mental health crises.

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November 2024 Ransomware Update: A Record-Breaking Month

Corvus

In November 2024, ransomware activity reached an all-time high, with 632 reported victims listed to leak sites. That is more than double the historical monthly average of 307 victims, and far exceeds even the recent months of heightened activity we reported on in our Q3 2024 Cyber Threat report. It also surpasses the previous peak of 527 victims recorded in May 2024, making November the most active month on record for ransomware attacks.

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