Sat.Oct 19, 2024 - Fri.Oct 25, 2024

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90% of Insurers Have GenAI Budgets; 10% Can Fully Comply With AI Regs

Insurance Journal

Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs and improve risk management, but few are fully ready to comply with regulations or to monitor AI results.

Risk 277
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Church Mutual’s Claims Practices Under Scrutiny: Lessons from the First Baptist Church of Iowa Case

Property Insurance Coverage Law

A federal appellate decision has provided valuable insights into the claims handling practices of Church Mutual Insurance Company and the duties of insurers in Louisiana. The case of First Baptist Church of Iowa, Louisiana v. Church Mutual Insurance Company, 1 offers important lessons for property adjusters and claims managers across the industry. This case serves … The post Church Mutual’s Claims Practices Under Scrutiny: Lessons from the First Baptist Church of Iowa Case appeared f

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Diversification is vital in navigating the volatile waters of maritime investment

Splash: Finance and Insurance

Atef Abou Merhi, managing director of Pelagic Partners, has some ship investment advice for Splash readers. When it comes to financial investment, the maritime industry represents an exciting, diverse and fast transitioning market – and one full of opportunity.

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Worried About Lead in Your Workplace?

CDC: Workers Compensation

Our goal in public health is to keep people safe from the hazards around them including in the workplace. If you are worried about lead or other possible hazards in your worksite, there is something you can do about it. There’s a program for that The National Institute for Occupational Safety and Health’s Health Hazard Evaluation Program was created to alleviate and address these kinds of concerns.

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Making Friends with the Future: Agency Tech Moving at a Faster Pace than Ever Before

Insurance Journal

By Andrea Wells That used to be one of my biggest beefs as an agency owner — I have all of these pieces of tech and none of them talked to each other,” Vonda Copeland, co-owner and vice president of …

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Lessons For Expert Damage Estimators From Kermith Sonnier’s Back-To-Life Legal Highlight

Property Insurance Coverage Law

I thought my last blog mentioning my friend Kermith Sonnier would be Public Adjuster Kermith Sonnier Passes. The Fifth Circuit Court of Appeals changed that with an extensive discussion of Kermith’s expert damages testimony and opinions in the case analyzed in yesterday’s post, Church Mutual Prevails in Latest Hurricane Laura Bad Faith Case: Key Differences … The post Lessons For Expert Damage Estimators From Kermith Sonnier’s Back-To-Life Legal Highlight appeared first on Property Insuran

Damage 100
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Cigar Smokers Never Pay Smoker Life Insurance Rates!

RiskQuoter

Cigar smokers – you can get non-smoker life insurance rates! We'll show you which companies offer the best deals based on how often you smoke. Our expertise and competitive rates will save you money. The post Cigar Smokers Never Pay Smoker Life Insurance Rates! appeared first on RiskQuoter.com.

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Former Iowa Insurance Producer Sentenced for Wire Fraud and Money Laundering

Insurance Journal

William Berg, an insurance producer and former financial advisor from Waukee, Iowa, was sentenced to nine years in prison on Friday after pleading guilty in federal court to wire fraud and money laundering charges.

Insurer 270
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Church Mutual Prevails in Latest Hurricane Laura Bad Faith Case: Key Differences and Lessons Learned

Property Insurance Coverage Law

The Fifth Circuit Court of Appeals recently ruled in favor of Church Mutual Insurance Company in a Hurricane Laura claim brought by First United Pentecostal Church.1 This decision contrasts with some prior rulings against Church Mutual in a similar bad faith case noted in yesterday’s post, Church Mutual’s Claims Practices Under Scrutiny: Lessons from the … The post Church Mutual Prevails in Latest Hurricane Laura Bad Faith Case: Key Differences and Lessons Learned appeared first on Propert

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Home insurance premiums to keep rising in ‘difficult year’

Elmore

Insurers are attempting to stem persistent losses on their underwriting The post Home insurance premiums to keep rising in ‘difficult year’ appeared first on Elmore Insurance Brokers.

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English law confirmed to cover arbitration agreement despite arbitration being seated in France

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post English law confirmed to cover arbitration agreement despite arbitration being seated in France appeared first on Insurance Marine News.

Marine 52
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North-Central Italy Sees Floods, Road Closures After Heavy Rains

Insurance Journal

Floods engulfed parts of north-central Italy from overflowing rivers following days of heavy rain, prompting the state-led road operator to close some expressways. Severe flooding was seen in the region of Emilia Romagna on Sunday.

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Diana Shipping fixes $80m refinancing with Danish lender

Splash: Finance and Insurance

Greek bulker owner Diana Shipping has struck a refinancing deal with Danish Ship Finance. The Danish lender has provided $80.2m to the New York-listed company to refinance the existing loan the duo previously agreed to and originally maturing in April 2028 while secured by nine vessels.

Insurer 57
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5 Essential Tips for Ensuring Safety During the Holiday Season

McMahon Insurance Agency

The holiday season should be a time of joy, not accidents. Check out these top tips to learn how to keep your home and family safe this time of year.

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Cargo ship captain in sanctions-busting charge in France has been acquitted

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 captain in sanctions-busting charge in France has been acquitted appeared first on Insurance Marine News.

Marine 52
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Texas Reaches $3.5M Settlement With Marriott Over Customer Data Breach

Insurance Journal

Texas Attorney General Ken Paxton announced the state has secured a settlement with Marriott International, Inc., that resolves an investigation into a breach of one of the company’s reservation databases.

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Blog Post: Lex Machina Releases Enhancements to its Litigation Footprint Feature

LexisNexis

Lex Machina is proud to announce the release of enhancements to Litigation Footprint, a feature that offers an impressively broad range of party litigation data and that can combine searches across state, federal, and administrative courts into an easily digestible report. The new enhancements include a clarified report format identifying plaintiffs, defendants, and law firms for each where available.

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Buying Your First Home? Know Your Insurance

Triple-I: Homeowners Insurance

By Lewis Nibbelin, Contributing Writer, Triple-I First-time buyers comprised only 32 percent of the housing market in 2023, according to an annual profile by the National Association of Realtors. Though higher compared to 2022, this number is a stark drop from the 38 percent annual average since 1981. The ongoing risk crisis and housing shortage, paired with rising mortgage rates, compound the issues prospective property owners typically face when purchasing real estate.

Insurer 40
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NZDF works to recover three loose shipping containers off Samoa

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post NZDF works to recover three loose shipping containers off Samoa appeared first on Insurance Marine News.

Marine 52
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The Impact of 2 Storms and Claims Advice From a Second-Generation Insurance Agent

Insurance Journal

As if it were yesterday, I vividly remember going to my first catastrophic fire loss with my dad at the young age of nine. It was a house fire in Sarasota involving a resident falling asleep with a lit cigarette.

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Blog Post: Twins great Rod Carew, age 78, becomes a U.S. citizen at last: ‘I love this country’

LexisNexis

Dan Hayes, The Athletic, Aug. 12, 2024 "In applying for U.S. citizenship at age 78, the latest chapter in his fascinating life, Rod Carew used the same approach that made him one of the best pure hitters in Major League Baseball history. The Hall of Famer diligently prepared for the 10-question citizenship test the same way he might if he were getting ready to face Bob Gibson.

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Root Insurance in Florida – Cost, Review, and Offerings

Top Insurance Blogs

Root Insurance is a tech-driven insurance company that focuses on providing auto insurance policies based on drivers’ habits rather than relying solely on traditional factors like credit scores or demographics. By using telematics technology, Root collects data through a mobile app to analyze a driver’s habits (e.g., braking, speed, turns) and offers a personalized insurance […] The post Root Insurance in Florida – Cost, Review, and Offerings appeared first on My Top Insurance Blogs.

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Greek dockworkers block loading of Israeli-linked munitions container

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Greek dockworkers block loading of Israeli-linked munitions container appeared first on Insurance Marine News.

Marine 52
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Cuba Hit by Tropical Storm Oscar as It Struggles to End Blackout

Insurance Journal

Cuba was dealing with heavy rains and winds today from Tropical Storm Oscar, even as it continues to deal with a prolonged blackout affecting a large swath of the island. According to the U.S.

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Blog Post: October 2024 PERM Tip #2: BALCA Sets Limits on the DOL Certifying Officer’s Authority

LexisNexis

BIB Daily presents bimonthly PERM practice tips from Ron Wada , member of the Editorial Board for Bender’s Immigration Bulletin and author of the 10+ year series of BALCA review articles, “Shaping the Future of PERM.” Questions or comments may be sent to Ron at ron.wada@tandslaw.com. The DOL Certifying Officer does not have unfettered authority to deny PERM applications, and over the years BALCA has called out several significant limits.

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How to Stay Safe on Icy Roads This Season: Winter Driving Tips

McMahon Insurance Agency

Winter is a beautiful time of year, but it also brings treacherous road conditions.

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Yemen’s Houthis say they targeted ship in Arabian sea with drones

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Yemen’s Houthis say they targeted ship in Arabian sea with drones appeared first on Insurance Marine News.

Marine 52
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Equipment Breakdown Tops Small Restaurant Claims List

Insurance Journal

By Allen Laman With restaurant sales projected to top $1 trillion and reach record-breaking heights this year, a California-based insurance technology company versed in the space recently analyzed data from more than 30,000 small business restaurant owners across the U.S.

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Blog Post: Crime Victim Visa Applicants in "Legal Limbo"

LexisNexis

Deborah Sontag, New York Times, Oct. 19, 2024 - gift link "[T]he well-intentioned U visa program is among the most dysfunctional in the whole troubled immigration apparatus, with benefits far more delayed than those of the notoriously backlogged asylum program. During this campaign season, debate on the volatile issue of immigration has focused on unauthorized crossings at the Southwest border.

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Everything You May or May Not Want to Know About Temporary Disability Benefits Under New Jersey Workers’ Compensation Law

New Jersey Workers' Comp

There are many issues that arise regarding the payment of temporary disability benefits under the New Jersey Workers’ Compensation Act. This blog will cover some of the basic issues and some of the complex issues. Q. When is an employee eligible for temporary disability benefits? The employee must have lost more than seven days of time due to a work injury or occupational disease (not necessarily consecutive days) in order to receive payment of temporary disability benefits.

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UK sanctions on Russia hit older ships linked to Dubai and flags of Gabon, Cook Islands and Honduras

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post UK sanctions on Russia hit older ships linked to Dubai and flags of Gabon, Cook Islands and Honduras appeared first on Insurance Marine News.

Marine 52
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Update: What’s Going on With Condos?

Insurance Journal

The condominium building is an interesting form of owning property where an individual owns their unit, what is sometimes referred to as a box of air, and at the same time, becomes a part of the condominium ownership association, which …

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CMR Leaders Show and Get Employee Appreciation

Insurance Journal

By Don Jergler It’s often easy to put a finger on exactly why someone likes their job, and if there’s more than one thing to like, that says something good about the workplace.

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FBI Arrests Man Over SEC Hack, Alleging Bitcoin Manipulation

Insurance Journal

A 25-year-old Alabama man was arrested on Thursday for hacking the U.S. Securities and Exchange Commission’s X account this year as part of an alleged conspiracy to manipulate bitcoin prices, U.S. prosecutors said.

Cyber 234
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Markets/Coverages MGA Pen Underwriting Relaunches Large Corporate Cyber Offering

Insurance Journal

Pen Underwriting has relaunched its cyber proposition for large corporate clients with a comprehensive rebuild that sees it re-enter primary cover for this end of the market, double its excess of loss (XOL) limit and introduce a significantly broader risk …

Cyber 232
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Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal

Insurance Journal

By L.S. Howard Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7 — its best interim results in 17 years — does this mean the hard market cycle is ending?

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Employee Development, Community Are Key at G&G

Insurance Journal

By Allen Laman G&G Independent Insurance has cracked the code. For the fifth straight year, G&G has been named a finalist in Insurance Journal’s Best Agencies to Work For competition.

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