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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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 202
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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.

Insurer 113
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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 99
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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 278
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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 203

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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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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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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 172
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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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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 96
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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 282
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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 188
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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 92
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Algeciras imposes guarantees on Gloria Maris and HMM St Petersburg following collision

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Algeciras imposes guarantees on Gloria Maris and HMM St Petersburg following collision appeared first on Insurance Marine News.

Marine 95
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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.

Insurance 263
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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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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!

Insurer 86
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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 90
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Ryan Specialty Forms Contingency Unit, Joining Paradiso Risks and Alive Risk

Insurance Journal

Ryan Specialty, Chicago-based specialty insurance services firm, announced that Paradiso Risks is joining Alive Risk, Ryan Specialty’s sports, leisure and entertainment managing general underwriter. London-based Paradiso became part of Ryan after its acquisition of Castel Underwriting Agencies in May 2024.

Risk 246
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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 87
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7 things every small business owner should know.

Frankenmuth Insurance

Running a business takes more than passion it requires careful planning and preparation. From disaster planning to financial management, these are seven of the most important things small business owners should know to protect and grow their businesses. Your disaster plan. Because disaster can strike at any time, business owners should have a disaster contingency plan.

Agents 75
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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 87
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California Commissioner Announces Regulation to Enable the Use of Modeling in Rates

Insurance Journal

California Insurance Commissioner Ricardo Lara on Friday announced what he’s calling “first of its kind” catastrophe modeling and ratemaking regulation that will allow carriers to use the models as a factor in setting and getting rates.

Insurance 245
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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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Part 2 of 2: When Not to Use Nurse Case Management in Workers’ Compensation

AMAXX

This is the second part of our two-part series on Nurse Case Management (NCM). While the first article focused on when to use NCM effectively, this article emphasizes the importance of resource optimization and explores equally important criteria for understanding when not to use this service. Some claims do not benefit from having a nurse assigned to the file because the role of educating, advocating, or ensuring compliance with medical treatment is already fulfilled in another manner.

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Cargo ship grounds in Norway; loaded with military supplies for Poland

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cargo ship grounds in Norway; loaded with military supplies for Poland appeared first on Insurance Marine News.

Marine 85
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Cyber Specialty MGA Envelop Risk Extends Capacity Backing From MS Reinsurance

Insurance Journal

Envelop Risk, the data-driven cyber reinsurance and analytics specialist, announced it has just completed a capacity agreement with MS Reinsurance for a further three years.

Cyber 257
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Jewelry Insurance: Protecting More Than Precious Metals

TGS

TGS Insurance Blog Jewelry Insurance: Protecting More Than Precious Metals Imagine this: Youve just said yes to the perfect engagement ring, inherited a priceless family heirloom, or splurged on that necklace youve admired for years. These arent just shiny trinketstheyre symbols of love, history, and accomplishment. But have you ever thought about what would happen if the unthinkable occurred?

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Part 1 of 2: Understanding Nurse Case Management and When to Use It

AMAXX

Navigating workers’ compensation claims can be challenging for employers, especially when injured employees struggle to understand or adhere to the medical and administrative processes involved. Nurse Case Management (NCM) offers an effective solution by providing guidance, advocacy, and support throughout the claims process. Effective communication between stakeholders is critical to the success of this approach, as even small improvements in communication can lead to significant savings.

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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 80
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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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2024 Zywave Wrap Up

Zywave

Your 2024 Zywave wrap up is here! Let's take a look at the year in review.

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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.