Insurance Journal

OCTOBER 30, 2024

Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene and Milton spurred thousands of insurance claims. The Tennessee Department of Commerce and Insurance reminded insurance carriers that they must …

Claim 299

Claim Insurance Carrier Insurance Claim Insurance 299

Insurance Journal

JANUARY 27, 2025

New York City is walking back a proposed rule change that would have required taxi and rideshare drivers to be covered by a “solvent and responsible” insurance carrier, after Uber Technologies Inc. warned the mandate risked leaving thousands of drivers …

Insurance Carrier 257

Insurance Carrier Insurance Insured Insurer 257

Insurance Journal

JANUARY 2, 2025

Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under a reform pushed by California Insurance Commissioner Ricardo Lara. The reform allows catastrophe models to be used by insurance carriers …

Insurance Carrier 290

Insurance Carrier Insurance Insured Insurer 290

Insurance Journal

OCTOBER 6, 2024

By Allen Laman The first half of 2024 set a 15-year low for insurance carrier mergers and acquisitions, according to Clyde & Co’s latest Mid-Year Growth Report. The number of insurance carrier M&A transactions completed in the first six months …

Insurance Carrier 245

Insurance Carrier Insurance Insured Insurer 245

Insurance Journal

OCTOBER 8, 2024

A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers receiving significant rate increases in 2023/2024. More …

Insurance Carrier 290

Insurance Carrier Insurance Broker Broker Insurance 290

Insurance Journal

OCTOBER 31, 2024

Landmark is a Texas-based company that provides third-party administrative solutions for life insurance carriers, Approximately 800,000 users’ data were exposed in … Landmark Admin filed a notice of data breach last week after detecting suspicious activities on its system in May.

Insurance Carrier 289

Insurance Carrier Life Insurance Insurance Insured 289

Insurance Journal

OCTOBER 31, 2024

Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the proceeds to only one of them, a federal appeals court decided this week. 11th Circuit Court of Appeals …

Insurance Carrier 264

Insurance Carrier Insurance Insured Insurer 264

Insurance Journal

SEPTEMBER 4, 2024

Florida authorities have charged a Miami-area nurse practitioner and two others with creating false medical reports and attempting to defraud an auto insurance carrier out of more than $47,000. Local news reports said that investigators with the state Department of …

Auto Insurance 264

Auto Insurance Injury Insurance Carrier Claim 264

Insurance Journal

JANUARY 16, 2025

Intense competition among cyber insurance carriers has resulted in higher limits, enhanced cyber risk management services, flexibility in insurance … While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025.

Cyber 264

Cyber Risk Insurance Carrier Insurance 264

Insurance Journal

DECEMBER 20, 2024

It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental …

Policy 264

Policy Insurance Carrier Insurance Insured 264

Insurance Journal

JULY 17, 2024

Georgia employers and their workers’ compensation insurers can rest a little easier after an appeals court this week narrowed the circumstances in which a state guaranty association can seek reimbursement on claims paid after staffing firms’ insurance carriers become insolvent.

Insurance Carrier 263

Insurance Carrier Compensation Claim Insurance 263

Insurance Journal

AUGUST 2, 2024

According to a press release, the company now offers homeowners insurance services and coverage in Ohio through Orion Select Insurance Co., Orion180’s admitted insurance carrier. Orion180 has announced its expansion into the Buckeye State. Orion180 also operates in Alabama, Arizona, …

Insurance Carrier 263

Insurance Carrier Insurance Insured Insurer 263

Insurance Journal

OCTOBER 16, 2024

After at least three appeals court decisions in the last four years, homeowner lawsuits that take issue with a Florida insurance carrier’s managed repair program may finally have run their course. “It really should” be a nail in the coffin …

Insurance Carrier 264

Insurance Carrier Insurance Insured Insurer 264

Insurance Journal

JANUARY 14, 2025

DARAG, a leading legacy acquirer with a focus on the European and UK market, and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, announced the transfer of a run-off portfolio including motor damage and third-party liability, private liability …

Insurance Carrier 263

Insurance Carrier Liability Damage Insurance 263

Insurance Journal

AUGUST 9, 2024

reports it is buying First Indemnity of America Insurance Co. FIA), a Morris Plains, New Jersey domiciled insurance carrier specializing in surety bonds for small to medium sized contractors primarily in the Northeast states. La Jolla, California-based Palomar Holdings, Inc.

Insurance Carrier 261

Insurance Carrier Insurance Insured Insurer 261

Insurance Journal

AUGUST 12, 2024

Insurance Carriers are reducing their appetite for risk and increasing premiums. This means they are being much more selective in what they are willing to insure. This post is part of a series sponsored by TSIB. If they are going …

Risk 246

Risk Underwriter Underwriting Insurance Carrier 246

Insurance Journal

DECEMBER 15, 2024

Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North Carolina Supreme Court last week bucked that trend, becoming just the second state …

Insurance Carrier 246

Insurance Carrier Claim Business Interruption Insurance 246

Insurance Journal

NOVEMBER 19, 2024

Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that a wood-treating company …

Insurance Carrier 246

Insurance Carrier Claim Policy Insurance 246

Insurance Journal

JANUARY 9, 2025

If insurance carriers want to have dibs on a company’s assets as premium security or collateral, they had better specify that those assets include potential tort-claim settlements, a federal appeals court said Wednesday. In a case that involved a Florida …

Claim 246

Claim Insurance Carrier Premium Workers Compensation 246

Insurance Journal

SEPTEMBER 10, 2024

In the fast-paced world of insurance, efficiency and accuracy are paramount. Insurance carriers, MGAs, and wholesalers are increasingly turning to Business Process Outsourcing (BPO) to streamline their operations. This post is part of a series sponsored by Selectsys. In this …

Insurance Carrier 244

Insurance Carrier Insurance Insured Insurer 244

Insurance Journal

OCTOBER 20, 2024

A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers receiving significant rate increases in 2023/2024. More …

Insurance Carrier 242

Insurance Carrier Insurance Broker Broker Insurance 242

Insurance Journal

DECEMBER 1, 2024

By William Rabb Insurance carriers may want to examine policy language — and what information they request from insureds — after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that …

Insurance Carrier 240

Insurance Carrier Claim Policy Insurance 240

Insurance Journal

DECEMBER 10, 2024

December 10, 2024 Arrowhead General Insurance Agency, Inc. This non-admitted product is a collaboration between Arrowhead’s Personal Property division and a top-rated insurance carrier, recognized … SAN DIEGO, CA., has announced the launch of a new California E&S Homeowners program.

Personal Property 240

Personal Property Insurance Carrier Insurance Agency Insurance 240

Insurance Journal

AUGUST 18, 2024

New high net worth (HNW) insurance carriers were entering the market. The year was 2016. Established underwriting operations had become a consistent source of profits for investors and parent companies. Aging brokerage owners with sizable private client books of business …

Insurance Carrier 214

Insurance Carrier Underwriter Underwriting Insurance 214

Insurance Journal

FEBRUARY 18, 2025

Leaders of the casualty insurance practices of a global insurance carrier and a North American specialty brokerage offered insights for insurance buyers and sellers to deal with today’s casualty insurance market during a webinar last week. Their main message was …

Casualty Insurance 179

Casualty Insurance Insurance Carrier Insurance Insured 179

Wren Insurance Agency

AUGUST 7, 2024

When it comes to home and auto insurance - with very few exceptions - did you know that you can change your insurance carrier at any time? Citizens - the State-backed home insurer is one of the only exceptions to this. Your credits for these improvements will vary from carrier to carrier.

Insurance Carrier 79

Insurance Carrier Policy Insurance Insured 79

Property Insurance Coverage Law

SEPTEMBER 10, 2024

Losses from recent wildfires in California have led many insurance carriers to scale back, and some have completely ceased writing insurance in several California regions. For homeowners who have found themselves unable to find another company that will insure their property, the California FAIR Plan remains the only option.

Insurance Carrier 207

Insurance Carrier Property Insurance Insurance Insured 207

Insurance Journal

FEBRUARY 5, 2025

This post is part of a series sponsored by Darkhorse Insurance. An independent insurance agent represents multiple insurance carriers, offering a diverse array of policies to meet the distinct needs of their clients. The freedom to choose from various carriers …

Insurance Agents 130

Insurance Agents Insurance Agent Agents Insurance Carrier 130

Insurance Journal

NOVEMBER 17, 2024

Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the proceeds to only one of them, a federal appeals court decided. 11th Circuit Court of Appeals on Wednesday …

Insurance Carrier 130

Insurance Carrier Insurance Insured Insurer 130

Insurance Journal

OCTOBER 15, 2024

Historically, compliance has been seen as a necessary evil for insurance carriers. This post is part of a series sponsored by AgentSync. The dynamic often pits compliance or operations teams against sales, it causes silos, and it sows division in …

Insurance Carrier 130

Insurance Carrier Insurance Insured Insurer 130

Insurance Journal

SEPTEMBER 4, 2024

In the fast-paced world of insurance, efficiency and accuracy are paramount. Insurance carriers, MGAs, and wholesalers are increasingly turning to Business Process Outsourcing (BPO) to streamline their operations. This post is part of a series sponsored by Selectsys. In this …

Insurance Carrier 130

Insurance Carrier Insurance Insured Insurer 130

Wren Insurance Agency

NOVEMBER 13, 2024

As you know, Florida is a unique state when it comes to insurance. Depending on your circumstances, traditional home, auto or business-related insurances may not be enough to cover your distinctive needs. This is where "surplus lines" insurance comes in.

Insurance Carrier 75

Insurance Carrier Insurance Insured Insurer 75

Scott Insurance

OCTOBER 28, 2020

Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liability insurance policies. To better serve all parties, we recommend using the 10 points highlighted in this report to initiate a conversation between insurance carriers and affordable housing operators.

Crime 52

Crime Insurance Carrier Risk General Liability 52

Redbird Agents

AUGUST 28, 2023

Navigating the insurance landscape can be challenging for insurance agency owners. From understanding various acronyms and abbreviations like IMO, FMO, and MGA, to managing relationships with insurance carriers, there is a lot to consider. Frequently Asked Questions What is an IMO in insurance? Yes, I need an IMO!

Insurance Agency 130

Insurance Agency Insurance Carrier Insurance Agents Insurance Agent 130

Redbird Agents

FEBRUARY 3, 2025

A Final Expense FMO is essentially a wholesaler in the insurance industry. They act as intermediaries between insurance carriers and independent agents, helping agents get contracted with top final expense insurance companies like Mutual of Omaha, Royal Neighbors, Transamerica, and others. What Is a Final Expense FMO?

Agents 130

Agents Insurance Carrier Life Insurance Building 130

Insurance Journal

SEPTEMBER 30, 2024

Just as Florida property insurers face another round of storm claims, CBS News has raised questions about alleged insurer fraud stemming from claims incurred in the last major storm – Hurricane Ian, which hit much of southwest Florida two years …

Property Insurance 347

Property Insurance Claim Insurance Insured 347

Smart Insurance Agents

SEPTEMBER 2, 2024

Best Health Insurance Plans in Illinois: There are many different insurance carriers in Illinois that offer On and Off exchange health insurance plans. On Exchange plans are offered via Healthcare.gov , while Off-Exchange plans can be purchased directly from the insurance company. Get Health Insurance Quotes 2.

Insurance Carrier 98

Insurance Carrier Insurance Agents Insurance Agent Insurance 98