Insurance Journal
AUGUST 4, 2024
By William Rabb Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with only moderate rate increases and more availability.
Property Insurance Coverage Law
AUGUST 8, 2024
A Florida federal magistrate made three very similar rulings in one day regarding pending appraisals, which should be read by all involved with appraisal. 1 The Orders set out criteria for appraisers, the appointment of an umpire that requires the appraisers to be present and in front of the court if an agreement cannot be … The post Appraisal Orders Setting Criteria to be an Appraiser, Procedure for Determining Umpire, Discovery During Appraisal, and Details of the Appraisal Award appeare
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Central Insurance
AUGUST 9, 2024
Looking for the best car insurance in Utah? Discover the top policies you need to protect yourself or your business on the road. The post Where to Find the Best Car Insurance in Utah appeared first on Central Insurance Blog.
Final Expense Brokerage
AUGUST 5, 2024
Aug 4, 2024 1:23:42 PM Contact Us Share: Discover how to maximize client onboarding for lasting relationships. In the insurance industry, first impressions are crucial. A well-structured client onboarding process not only sets the stage for a strong client-agent relationship but also instills confidence in your clients' decision to choose you. Let’s dive into the steps of an effective onboarding process that ensures your clients feel welcomed, informed, and assured right from the start.
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Insurance Journal
AUGUST 5, 2024
Firefighters have increased containment on the 627-square-mile Park Fire near Chico, California, which is now 34% contained. The fire, now the fourth largest wildfire in history, is 401,740 acres. It was 24% contained on Friday.
Property Insurance Coverage Law
AUGUST 4, 2024
Insurance policies protect you from the cost of replacing lost, damaged, or stolen items: or at least, that’s how they’re supposed to work. But what happens if your insurance company refuses to pay what you are owed? If you live in Florida, one of your options is to file a Civil Remedy Notice (or CRN) … The post Civil Remedy Notices – What Are They and What Do They Require?
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Splash: Finance and Insurance
AUGUST 7, 2024
Gus Majed, the CEO of the Paratus Group, addresses the risk management gap in the global bunker fuel and freight markets. The global bunker fuel market, consuming approximately 3.5m barrels per day, alongside the global freight market, with a staggering 900m dwt in dry and wet tonnage, plays a critical role in the world economy.
Insurance Journal
AUGUST 9, 2024
Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be canceled, though several providers will share out the hit, two people involved in insurance for her tour told Reuters.
Property Insurance Coverage Law
AUGUST 7, 2024
Wildfire season is here, and if you’ve experienced a loss, navigating your insurance claim can be daunting. Here’s what Californians need to know on day one to get your claim off on the right footing. Check Your Coverage Limits and Address Underinsurance Issues. Ideally, you already know your coverage details, but if not, review your … The post There’s a Wildfire Burning – What Do I Need to Know About Insurance?
Central Insurance
AUGUST 5, 2024
Explore essential insurance solutions tailored for steel product manufacturers that safeguard against unique industry risks and challenges. The post What Insurance Do I Need for My Steel Products Manufacturing Facility? appeared first on Central Insurance Blog.
Boyle Agency Insurance
AUGUST 5, 2024
Disability insurance may not be a topic that comes to mind often, but it plays a vital role in safeguarding your financial security. Unexpected health challenges or accidents can happen to anyone, causing a significant impact on your ability to work and earn an income. Bogle Agency Insurance based in Bergen County, NJ has the expertise necessary to help you find the correct Disability Insurance!
Insurance Journal
AUGUST 6, 2024
Google illegally monopolized the search market through exclusive deals, a judge ruled Monday, handing the government a win in its first major antitrust case against a tech giant in more than two decades.
Property Insurance Coverage Law
AUGUST 9, 2024
The “Hurricane Season from Hell” 1 is upon us. Hurricane Beryl, a Category 5 storm at peak strength and a rarity for July, impacted the Texas coast only weeks ago. As we inch closer to the statistical height of the Hurricane Season, Louisiana policyholders need to be aware that very significant revisions affecting first-party claims … The post Amendment to Louisiana Unfair Claims Settlement Practice Adds Weapon to the Policyholder’s Arsenal appeared first on Property Insurance Coverage Law
LexisNexis
AUGUST 8, 2024
By Geoffrey D. Ivnik, Esq. | Director of Large Markets, LexisNexis Leaders of America’s largest law firms have decided to move full speed ahead with the adoption of generative artificial intelligence (Gen AI) technology because they see these tools as keys to unlocking greater value for clients and greater revenues for their firms. More than half of the Am Law 200 (53%) have purchased at least one Gen AI solution and 45% of them are already using it for legal matters, according to the 2024 Lexis
McMahon Insurance Agency
AUGUST 7, 2024
Storm surges pose a significant threat to coastal communities, often resulting in catastrophic flooding, extensive property damage, and loss of […]
Insurance Journal
AUGUST 8, 2024
Despite the dangers and expense associated with living in high-risk areas, large numbers of people are still moving to parts of America most impacted by wildfires, flooding and extreme heat.
Property Insurance Coverage Law
AUGUST 5, 2024
Kenneth S. Klein is a Professor of Law at California Western School of Law in San Diego. In recent years, Professor Klein’s research has focused on how issues of available, adequate, and affordable homeowner insurance are exposed and exacerbated by natural disasters and what can be done to address these problems. Professor Klein’s research has … The post Why Are Policyholders So Frequently Underinsured in the Event of a Total Loss?
Frankenmuth Insurance
AUGUST 8, 2024
When it comes to disaster planning, knowing your finances is just as important as safeguarding your physical space and your employees. In an emergency, you’ll need funds to help your business recover and keep up with regular expenses. You’ll also want to make sure you have adequate insurance to cover the cost of any damage or losses. How can you get to know your finances better?
CDC: Workers Compensation
AUGUST 6, 2024
Few jobs are as essential as the ones that help to produce the food we eat, the clothes we wear, and many other products which get us through the day. From our morning coffee to a midnight snack, we benefit from the labor of farmworkers. The U.S employed approximately 2.6 million farmworkers in 2022 and contributed over $203 billion to the U.S. economy in 2023.
Insurance Journal
AUGUST 5, 2024
CarShield will pay $10 million to settle charges that its advertisements and telemarketing for its extended auto warranty plans are deceptive and misleading, the Federal Trade Commission said.
Property Insurance Coverage Law
AUGUST 6, 2024
Florida’s property insurance market is facing unprecedented challenges, leaving policyholders with inadequate coverage at significantly higher rates. The term “shrinkflation,” commonly associated with consumer goods, is now being used to describe a troubling trend in the insurance industry. Citizens Property Insurance, a major player in Florida’s insurance market, is at the forefront of this phenomenon, … The post Florida’s Property Insurance Market Is Worse Than Reported—Shrin
Splash: Finance and Insurance
AUGUST 5, 2024
GasLog Partners is set to strike a sale and leaseback deal for one of its tri-fuel diesel-electric (TFDE) LNG carriers. The Peter Livanos-controlled company said in its second-quarter earnings release, it had been pursuing an agreement for an unnamed vessel, without disclosing further details.
AMAXX
AUGUST 7, 2024
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.
Insurance Journal
AUGUST 5, 2024
A woman in north Georgia has been charged with insurance fraud after she claimed that a “personal care device” caused injuries that cost as much as $350,000 to treat.
Property Insurance Coverage Law
AUGUST 8, 2024
There must have been a lot of “at a boy” congratulatory text messages from insurance industry lobbyists to Florida CFO Jimmy Patronis after they read the Insurance Journal article, Florida CFO Issues Order on ‘Despicable’ Public Adjusters as Debby Floods Carolinas. But did Jimmy Patronis really refer to public adjusters as despicable in a public statement?
Splash: Finance and Insurance
AUGUST 4, 2024
Fund managers generally see shipping as a niche market and a small investment opportunity, which for Niels Hartmann, the chief executive officer and board member of the Hartmann Group and founding member of owner and shipping fund manager Pelagic Partners, is a distant and commercially blind position to take.
Majesco
AUGUST 8, 2024
Intelligent underwriting has the potential to transform and optimize the group, benefits, and worksite insurance industry by using Artificial Intelligence (AI) and Application Programming Interfaces (APIs) to streamline underwriting, expand and manage data access, speed quote turnaround times, improve risk assessments, and optimize business workflows.
Insurance Journal
AUGUST 8, 2024
California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies to preserve residential insurance coverage for more than 185,000 policyholders affected by the Park, Borel and Gold Complex fires.
Property Insurance Coverage Law
AUGUST 4, 2024
We started the 2024 wildfire season early this year on account of warmer than average temperatures in May and June on the heels of a wet winter and spring. We are well on our way to one million acres or more by the end of August. There are some critical factors this year to ponder … The post California Enters Wildfire Season Early and in the Midst of an Availability and Affordability Crisis appeared first on Property Insurance Coverage Law Blog.
Bankers Insurance
AUGUST 8, 2024
THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Doing so can make all the difference in providing sufficient protection and preventing coinsurance penalties amid covered property losses.
Agency Revolution
AUGUST 6, 2024
Tsundoku is a Japanese word for the books you buy that either take up space around your home or are on your bookshelf to be read later. It could also refer to part of my decorating scheme. Summer tends to be the season in which I make the most progress on whittling down my tsundoku. It’s so easy to lose track of time with a good book and an equally good pool float; I can usually knock out 5 or 6 books during the course of the summer!
Insurance Journal
AUGUST 7, 2024
Global insured losses from natural catastrophes totaled US$60 billion during the first half of 2024, or 62% above the 10-year average, according to preliminary estimates from Swiss Re.
LexisNexis
AUGUST 7, 2024
The Border Chronicle, Aug. 6, 2024 "CBP’s sweeping DNA program places asylum seekers’ genetic profiles in a massive criminal investigations database without their knowledge.
PSM Brokerage
AUGUST 8, 2024
On July 25, 2024, the U.S. District Court for the Eastern District of Texas halted the effective date of the Department of Labor’s (DOL) 2024 Fiduciary Rule and its amendment to Prohibited Transaction Exemption (PTE) 84-24. The following day, the U.S. District Court for the Northern District of Texas issued its own stay on the 2024 Fiduciary Rule and all related exemptions.
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