Sat.Feb 15, 2025 - Fri.Feb 21, 2025

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King Risk Partners Acquires Kerr Agency in Connecticut

Insurance Journal

Florida-based insurance broker King Risk Partners announced its acquisition of the Kerr Agency Inc., an independent insurance agency located in Simsbury, Connecticut. This strategic acquisition furthers King Risk Partners’ expansion across the Northeast. Kerr is King’s fifth agency in Connecticut.

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Florida Policyholders Are Upset with Stupid Denials of Claims

Property Insurance Coverage Law

The Florida House Committee on Banking and Insurance seemed to have many constituents upset with delays and denials when I was testifying in front of them a month ago. The insurance representative tried to explain that many of the denials were because most policies do not cover flood. Our firm was asked to represent a … The post Florida Policyholders Are Upset with Stupid Denials of Claims appeared first on Property Insurance Coverage Law Blog.

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Understanding Classification Rules in Workers’ Compensation

AMAXX

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.

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Lakewood Ranch Life Insurance

RiskQuoter

Lakewood Ranch (LWR), Florida, is a thriving community in SouthWest Florida near Sarasota. From young couples, large families, business owners, and retirees, life insurance is […] The post Lakewood Ranch Life Insurance appeared first on RiskQuoter.com.

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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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Uber Targets Personal Injury Lawyers in Multimillion Dollar Ad Campaign

Insurance Journal

Uber Technologies Inc. is pouring millions of dollars into a national ad campaign to push for reforms in insurance policies that it says have been exploited by personal injury lawyers and contribute to higher ride prices.

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Marine Alliance acquires Speedwell Insurance Brokers

Splash: Finance and Insurance

Two years after it was founded, Hamburgs Marine Alliance is growing through the acquisition of a majority stake in London-based insurance broker Speedwell, who will join the current partnership of Marine Assekuranz and Fram Insurance Brokers.

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Blog Post: The Next Frontier of Legal AI: Embracing the Agentic Model

LexisNexis

The LexisNexis global technology platform incorporates various AI innovations, including extractive AI that identifies relevant results within data and offers detailed insights; generative AI which produces new content from data based on user prompts or instructions; and agentic AI that can perform tasks autonomously on behalf of users. We live in an era of such rapid technological innovation; the only thing certain is change.

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Delta Plane Flips Upside Down in Toronto Landing, 15 Hurt

Insurance Journal

A Delta Air Lines Inc. regional jet flipped out of control after landing in windy, freezing conditions in Toronto, skidding along the runway and coming to rest upside down after losing its tail and one of its wings.

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Residential Property Damage Lawyers Beware: Court Excludes Expert’s Estimate Finding an Estimate Is Not an Adjustment

Property Insurance Coverage Law

Hurricane claims attorneys know that the estimate of damages caused by a storm is the foundation of every favorable judgment and jury verdict. Recently, in a Hurricane Laura case, the United States Fifth Circuit Court of Appeal affirmed the district courts exclusion of the Defendant-Insurers engineers estimate based upon the finding that he was not … The post Residential Property Damage Lawyers Beware: Court Excludes Experts Estimate Finding an Estimate Is Not an Adjustment appeared first

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Handling Difficult Return to Work Scenarios

AMAXX

Achieving a 90% return-to-work rate within 0-4 days is the gold standard for managing workers’ compensation claims, with best-in-class organizations reaching 95%+. However, some cases present challenges that require a more strategic approach. Consider Psychosocial Factors Recovery from work injuries is often influenced by psychological and social barriers that go beyond physical healing.

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Navigating Insurance Challenges in Affordable Housing: Rehabs vs. New Construction

Scott Insurance

Preserving existing affordable housing is a critical component of addressing Americas affordable housing shortage. However, affordable housing developers focused on rehabilitating, or rehabbing, older properties face many challenges beyond the risks associated with new construction. Understanding Rehab Insurance Challenges Compared to new construction projects, rehabbing affordable housing comes with a unique set of risk management and insurance challenges.

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Aviva’s India Arm Hit With $7.5 Million Fine for Fake Invoice Scheme, Order Shows

Insurance Journal

Indian authorities have ordered British insurer Aviva’s local unit to pay $7.5 million in back taxes and penalties after an investigation found it created fake invoices to pay illegal commissions and claimed incorrect tax credits, an order shows.

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Winning a Bad Faith Lawsuit Is Never Easy

Property Insurance Coverage Law

I wish I had a dollar for every person who has said, This is a slam dunk bad faith case. One lesson I repeatedly tell readers of this blog is that there is no such thing as an easy lawsuit. The second is that allegations in a complaint are one thing, and proof to satisfy … The post Winning a Bad Faith Lawsuit Is Never Easy appeared first on Property Insurance Coverage Law Blog.

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CHUBB INSURANCE FOR NJ HOMEOWNERS

Boyle Agency Insurance

Great Protection – Fair Price Bogle Agency Insurance of Lyndhurst NJ offers Chubb Masterpiece Homeowners Insurance to NJ homeowners. We serve homeowners in Bergen County, Morris County and surrounding NJ counties. Chubb is a top American insurance carrier that offers a quality product to NJ homeowners to protect their most valuable asset, their home.

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How to Market Insurance coverage instead of price

Southwest Insurance Agents Alliance

The insurance industry is fiercely competitive, with local agencies focused on in their marketing efforts to secure a portion of the market. However, many insurance business owners fall into the pitfall of trying to lure potential customers by offering the lowest prices. While low prices might be sensible for large companies that sell in high volumes, for a small business, it is a poor strategy.

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People Moves: Hamilton Global Specialty Promotes Thorp as Head of Space, Golder as Head of Treaty; QBE Europe Names Yebra as Senior U/W in Transactional Liability Team

Insurance Journal

This edition of International People Moves details appointments at Hamilton Global Specialty and QBE European Operations. A summary of these new hires follows here.

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Why Shouldn’t Insurance Executives Disclose Their Pay?

Property Insurance Coverage Law

A new bill filed in the Florida Senate by Don Gaetz is making waves by proposing that insurance companies disclose the financial relationships of their executives and related entities. The legislation would require a report detailing the compensation of executives, including salaries, stock options, bonuses, stock buybacks, and other taxable payments.

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Falling Work Comp Rates: The Good, the Bad, and the Ugly

R&R Insurance

This article was updated on February 17th, 2025 with fresh statistics. It's the same story as was originally published in 2019, just more intense! On October 1, 2024 Wisconsin continued its trend entering a ninth consecutive year of reduced workers compensation insurance rates. Rates in 2024 fell an average of 10.5% compared to 2023, which is the most dramatic reduction in over a decade.

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6 Signs Your Tech Stack Could Use an Upgrade

Zywave

When was the last time you upgraded your tech stack? If you’re answer is “it’s been a while” or “I honestly don’t remember”, it’s probably time to start thinking about an upgrade. But even if you’ve just made updates to your tech stack, is it the optimal set of solutions for your organization? If you’re not sure, here are a few signs that would indicate it’s time for a refresh.

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In $17M Suit, Cannabis Grower Claims Nearby Farm’s Pesticides Contaminated Its Crops

Insurance Journal

A Massachusetts cannabis grower is suing a neighboring berry and vegetable farm for allegedly rendering its entire cannabis harvest unusable by incorrectly spraying chemicals in a way that caused them to drift onto its cannabis crops and contaminate them.

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Winning a Bad Faith Lawsuit Is Never Easy

Property Insurance Coverage Law

I wish I had a dollar for every person who has said, This is a slam dunk bad faith case. One lesson I repeatedly tell readers of this blog is that there is no such thing as an easy lawsuit. The second is that allegations in a complaint are one thing, and proof to satisfy … The post Winning a Bad Faith Lawsuit Is Never Easy appeared first on Property Insurance Coverage Law Blog.

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Blog Post: Master Legal Budgeting Challenges With ELM Software

LexisNexis

Legal budgeting is a critical component of the law department, yet it presents numerous challenges for legal operations and their stakeholders. Legal budgeting requires a strategic approach, from aligning with corporate financial goals to managing external counsel costs. Below, we explore the common challenges faced in legal budgeting, the preferences of stakeholders, and the role of legal budgeting software in streamlining the process.

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Avoid Litigation and Improve Workers’ Comp Claim Outcomes

AMAXX

When a worker is injured, their experience in the workers’ compensation system can have a profound impact on their recovery, return to work, and overall job satisfaction. A lack of clear communication often leads to confusion, frustration, and even litigation , increasing costs for both the employer and the injured worker. However, implementing strong communication strategies can significantly improve claim outcomes and reduce unnecessary legal battles.

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Harvey Weinstein Alleges Brother, Others Duped Him Over $45M Loan

Insurance Journal

Jailed and disgraced movie mogul Harvey Weinstein alleges in a new lawsuit that his brother, Bob Weinstein, and other executives at their now-defunct film company duped him into guaranteeing a $45 million loan in 2016, but diverted funds for their …

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Why Shouldn’t Insurance Executives Disclose Their Pay?

Property Insurance Coverage Law

A new bill filed in the Florida Senate by Don Gaetz is making waves by proposing that insurance companies disclose the financial relationships of their executives and related entities. The legislation would require a report detailing the compensation of executives, including salaries, stock options, bonuses, stock buybacks, and other taxable payments.

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Blog Post: The Evolution of Agentic AI: From Concept to Reality

LexisNexis

By Madison Johnson, Esq. | Manager, Large Markets The legal profession is witnessing a transformative shift with the emergence of artificial intelligence (AI) systems. The new class of AI-powered tools, known as Agentic AI, are destined to shape the future as we navigate the ethical implications of their adoption in the legal industry. These AI tools, characterized by their ability to act autonomously on behalf of users while adhering to specific constraints and objectives, are changing how lega

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EU in talks to fund fleet to repair damaged subsea cables

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post EU in talks to fund fleet to repair damaged subsea cables appeared first on Insurance Marine News.

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Farmers Estimates $600M in Losses from LA Wildfires

Insurance Journal

Farmers said on Wednesday that it expects losses from the Los Angeles wildfires last month to reach an estimated $600 million. Insurance companies have so far paid out more than $6.

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Reminder on Time Limitations to File Suit for California Wildfire Claims

Property Insurance Coverage Law

California fire insurance policies must provide an insured a minimum of 12 months from the inception of the loss to bring any suit or action on the policy for recovery of any claim. Cal. Ins. Code 2071. In 2024, the California Supreme Court interpreted this to include causes action for breach of contract and … The post Reminder on Time Limitations to File Suit for California Wildfire Claims appeared first on Property Insurance Coverage Law Blog.

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Blog Post: 8 Tips for Creating a Comprehensive “AI in the Workplace” Policy

LexisNexis

By: Practical Guidance Corporate investment in generative artificial intelligence (Gen AI) technologies continues to accelerate. Average Gen AI budgets grew by 30% in 2024 and they are expected to grow at roughly 60% over the next three years, soaring to 7.6% of total IT budgets by 2027, according to a report from Boston Consulting Group. These investments are leading directly to rapid adoption of Gen AI tools in the workplace.

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Crew fatigue caused grounding of ship on the Bulgarian coast, finds Britannia case study

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Crew fatigue caused grounding of ship on the Bulgarian coast, finds Britannia case study appeared first on Insurance Marine News.

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Mastercard’s £200 Million Settlement in Class Action Suit Gets Court Scrutiny

Insurance Journal

Mastercard Inc. unfairly reduced a 10 billion ($12.6 billion) class action case to a settlement of just 200 million, according to the firm that funded the lawsuit.

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Residential Property Damage Lawyers Beware: Court Excludes Expert’s Estimate Finding an Estimate Is Not an Adjustment

Property Insurance Coverage Law

Hurricane claims attorneys know that the estimate of damages caused by a storm is the foundation of every favorable judgment and jury verdict. Recently, in a Hurricane Laura case, the United States Fifth Circuit Court of Appeal affirmed the district courts exclusion of the Defendant-Insurers engineers estimate based upon the finding that he was not … The post Residential Property Damage Lawyers Beware: Court Excludes Experts Estimate Finding an Estimate Is Not an Adjustment appeared first