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A Florida House of Representatives panel went straight to the source of a consultant’s report that has caused widespread concern among lawmakers about insurance company profit-shifting.
Yesterdays testimony before the Florida House Insurance & Banking Subcommittee ripped the cover off a story thats been brewing for years: the Office of Insurance Regulation (OIR) under David Altmaier had a completed, paid-for, red-flag-waving report about insurer affiliate transactions showing hundreds of millions of hidden profits for the insurance industry and simply chose to … The post Florida’s Insurance Regulator Buried a Completed Report That Raised Red Flags About Insurer
How can you plan for the future when the present is so uncertain, writes Pierre Aury? Scenario planning involves looking at different scenarios with associated assumptions and events. These scenarios are not forecasts but views of how the future could unfold. These scenarios only need to be plausible.
Imagine a scenario where a contractor accidentally damages your property or a worker gets injured while working on your home. Without proper insurance, you could be held liable. When hiring contractors for home projects, ensuring they have proper insurance coverage is crucial. Let’s explore why verifying contractor insurance matters and how it shields your property during renovations or repairs.
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.
Britain’s financial industry has made little progress in recruiting more women to top positions, a new report from the UK finance ministry said on Thursday, a pace of change the head of British insurer Aviva called “unacceptable.
The Rhode Island Supreme Court recently issued a significant decision holding that an insurance appraisal is akin to arbitration and subject to arbitration rules. 1 This ruling aligns with Rhode Islands prior stance on appraisals noted in our post, Rhode Island AppraisalsThe Arbitration Act Applies to Determine the Partiality of Appraisers and Umpires,but contrasts sharply … The post Is it Appraisal, or Is It Arbitration?
The Rhode Island Supreme Court recently issued a significant decision holding that an insurance appraisal is akin to arbitration and subject to arbitration rules. 1 This ruling aligns with Rhode Islands prior stance on appraisals noted in our post, Rhode Island AppraisalsThe Arbitration Act Applies to Determine the Partiality of Appraisers and Umpires,but contrasts sharply … The post Is it Appraisal, or Is It Arbitration?
He who is not courageous enough to take risks will accomplish nothing in life. Muhammad Ali. Welcome to this bold new edition of CyberLine Quarterly. Over the past quarter, Cowbell has accelerated innovation, broadened coverage, and deepened its global footprintall while ensuring businesses large and small remain protected from evolving digital threats.
Insurance agency marketing strategies are evolving rapidly in the digital age. At Tosten Marketing, we’ve seen firsthand how innovative approaches can transform an agency’s growth and client relationships. This blog post explores cutting-edge tactics that blend digital platforms, content marketing, and personalized customer experiences to help insurance agencies thrive in a competitive landscape.
Italy’s biggest insurer Generali intends to heed advice from the government when Rome starts reviewing a planned asset management tie-up with France’s BPCE, CEO Philippe Donnet said in a newspaper interview on Friday.
A recent court ruling has provided significant clarity on whether State Farms use of Xactimates “New Construction” labor efficiency setting is legally permissible in property damage estimates. 1 The decision, which favored State Farm, has broad implications for homeowners, contractors, and insurers across the country who rely on Xactimate estimates to determine repair costs after … The post Is State Farms New Construction Setting of Xactimate Proper?
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
The global economy is increasingly interconnected, and even in industries like insurance, global issues like supply chain challenges, tariffs, and trade agreements can have significant impacts. While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders. Read more to understand this relationship and how agents can help policyholders manage this uncertainty.
March 31 marks World Backup Day, which serves as an opportunity to revisit something often overlooked in our busy daily lives: whether our data is actually safe. Its a simple question, but in an age where digital information underpins almost every aspect of our lives and businesses, the answer can be the difference between a quick recovery and a major disruption.
MS Amlin, the Lloyd’s global re/insurer, announced the opening of an Australian branch office in Sydney, subject to Lloyd’s approval. Leading the branch office is Matt Botfield who has been named head of Australia and New Zealand.
When policyholders file an insurance claim, they expect their insurer to pay losses. Most policyholders have never read their policy nor would appreciate what it even means with nuanced coverage causation rules applying that vary from state to state. A recent case brought to my attention by attorney Steve Badger involving homeowner Ebony Mitchell and … The post How To Lose a Causation Case: Special Rules in Texas appeared first on Property Insurance Coverage Law Blog.
Stay safe all season long with our roundup of essential summer safety tips. From pool precautions to heat protection, find expert advice to help you enjoy a worry-free summer. The post Summer Safety Tips: Central Article Roundup appeared first on Central Insurance Blog.
Exploring Business Models that Work As an independent insurance agent, reaching individual success is an exciting milestonebut it often comes with a new set of challenges. Youve built a solid book of business, your client retention is strong, and new leads keep coming in. But instead of feeling in control, you feel maxed out. The days are longer, the workload heavier, and the idea of growing your business starts to feel like a burden rather than an opportunity.
California Insurance Commissioner Ricardo Lara approved a filing from the California FAIR Plan Association to increase commercial property coverage limits.
A recent court ruling has provided significant clarity on whether State Farms use of Xactimates “New Construction” labor efficiency setting is legally permissible in property damage estimates. 1 The decision, which favored State Farm, has broad implications for homeowners, contractors, and insurers across the country who rely on Xactimate estimates to determine repair costs after … The post Is State Farms New Construction Setting of Xactimate Proper?
If youve been around the insurance industry, youve likely heard your share of specific terms. One of the terms you might have heard is Form 5500. It can come up in prospecting process discussions, often with little context attached. What is this form and how does it tie into new business processes? Were here to unravel the mystery. What Is Form 5500?
Its nearly everyones least favorite time of year: tax season. But, working with Word & Brown, you have access to a broad range of plans, products, and services that offer potential tax and other savings to your individual and group insurance clients. Individual Health Insurance Tax Deductibility If you offer individual health insurance to your clients, they may be able to include their health insurance premiums in their medical expense calculation on their taxes.
The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts in a continuation of the favorable market conditions seen in January, according to reports published by Aon and Gallagher Re.
At Relation Insurance, we’re proud to champion women across our organization through ElevateHera movement focused on mentorship, professional development, and amplifying female voices in an industry that hasnt always left the door wide open. What started as a handful of stories has become a powerful narrative of resilience, transformation, and community.
Did You Know There Was Wedding Insurance? Planning a wedding? That should be an occasion for celebration and happiness. You want to be sure the event is perfect in every way. Bogle Agency Insurance offers Wedding Insurance to help you avoid the possibility of a disaster that can ruin the day. We serve NJ policyholders in Bergen County where we are located, and greater New Jersey.
If youve had a pacemaker implanted, getting life insurance might feel complicated. The truth? Many people qualify even with heart conditions. This guide explains how insurance companies evaluate pacemakers, what questions youll need to answer, and how to get the best possible offer. The post Pacemakers and Life Insurance: What You Need to Know appeared first on RiskQuoter.com.
Off the coast of Nigeria, one of the world’s largest oil production ships, called the Bonga, was taking oil from a field on the ocean floor and transferring it to a tanker ship.
Whether youre just starting out or have years of experience in the industry, staying competitive means staying informed. One area gaining serious traction in recent years? Professional Employer Organizations, or PEOs. These co-employment solutions are no longer nichetheyre now a go-to option for small and mid-sized businesses looking to simplify operations, reduce costs, and offer competitive benefits without the overhead.
When you think about the constantly evolving nature of cyber attacks , you may think about threat actors using AI to find and exploit new vulnerabilities in software and networks. Yet one recent cyber threat takes advantage of peoples trust in the post office. Hackers are using snail mail to spread malware. This strategy is especially devious because it targets victims at their physical mailboxone of the last places theyre expecting to encounter cyber threats.
Running a warehouse in Michigan involves managing a variety of risks, from property damage to employee injuries. Commercial insurance plays a key role in mitigating these risks, providing crucial protection for warehouse operations. Shield Insurance Agency is here to help you understand the importance of commercial insurance in your warehouse operations.
The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain’s financial industry billions of pounds in fresh legal costs and potential customer compensation.
Introduction For UK landlords, maintaining and managing rental properties can be both rewarding and challenging. With unpredictable situations that can arise at any time, having a robust plan to safeguard your investment is paramount. Two insurance options that often get overlooked but can make a significant financial difference are rent guarantee insurance and home emergency insurance.
Jon Held is moving to a new role in his company. It is not a full retirement, but we all get the picture. He stated: After 40 years as CEO of J.S. Held LLC, I am proud to announce that I will be transitioning to a new role with the company as Executive Chairman of … The post Jon Held Moves From CEO Role appeared first on Property Insurance Coverage Law Blog.
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post CMA CGM sues Houston bunker supplier for $5m appeared first on Insurance Marine News.
The fate of a bill that would modify South Carolina’s joint-and-several liability law now rests with the state House of Representatives after the state Senate last week approved the measure following weeks of heated debate.
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