Insurance Journal
FEBRUARY 20, 2025
This edition of International People Moves details appointments at Allianz Commercial and AXA XL. A summary of these new hires follows here.
Property Insurance Coverage Law
FEBRUARY 20, 2025
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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Insurance Journal
FEBRUARY 20, 2025
Federal regulators have cited Tesla TSLA.O for violating workplace safety rules in connection with the electrocution of a worker last summer at its Austin, Texas, auto-manufacturing plant. The U.S. Department of Labor confirmed the findings in a statement to Reuters.
Property Insurance Coverage Law
FEBRUARY 20, 2025
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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Insurance Journal
FEBRUARY 20, 2025
Intense cold will grip the central and southern US for at least another day, sending temperatures to all-time lows in some cities before milder weather is set to arrive over the weekend.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
FEBRUARY 20, 2025
Airbnb is suing the City of New Orleans for requiring the company and short-term rental platforms ensure properties they market are in compliance with city laws.
Southwest Insurance Agents Alliance
FEBRUARY 20, 2025
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.
Insurance Journal
FEBRUARY 20, 2025
AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings to “aa-” (Superior) from “a+” (Excellent) of Permanent General Assurance Corporation, Permanent …
R&R Insurance
FEBRUARY 20, 2025
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.
Insurance Journal
FEBRUARY 20, 2025
2024 ended as steady as ever with “no real change in current market conditions” as respondents of a recent survey reported most lines of business in the last quarter had average increases in premiums about the same or …
Zywave
FEBRUARY 20, 2025
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.
Insurance Journal
FEBRUARY 20, 2025
One person in Texas and four people in Florida, including a previously licensed insurance broker, face insurance fraud charges in separate schemes, local and federal authorities said Wednesday.
LexisNexis
FEBRUARY 20, 2025
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.
Insurance Journal
FEBRUARY 20, 2025
It was a dank, drizzly February evening when about 120 people gathered in the brightly lit art gallery of London’s Guildhall, surrounded by gold-framed paintings ranging from Pre-Raphaelites to realists.
LexisNexis
FEBRUARY 20, 2025
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
Insurance Journal
FEBRUARY 20, 2025
At least four oil tankers have been hit with explosions so far this year all of them having visited Russia’s territorial waters in the weeks prior to the blasts happening.
LexisNexis
FEBRUARY 20, 2025
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.
Insurance Journal
FEBRUARY 20, 2025
Global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Waltham, Massachusetts-based Agilis Partners LLC. Agilis is an investment and retirement plan consulting firm with offices in greater Boston, New York and Denver.
LexisNexis
FEBRUARY 20, 2025
CALIFORNIA COMPENSATION CASES Vol. 90, No. 2 February 2025 A Report of En Banc and Significant Panel Decisions of the WCAB and Selected Court Opinions of Related Interest, with a Digest of WCAB Decisions Denied Judicial Review CONTENTS OF THIS ISSUE © Copyright 2025 LexisNexis. All rights reserved. LexisNexis Online Subscribers: You can link to your account on Lexis+ to read the complete headnotes and court decisions, en banc decisions, writ denied summaries, panel decisions and IMR decisio
Insurance Journal
FEBRUARY 20, 2025
Marsh, the insurance broker, risk adviser and Marsh McLennan business, announced the addition of significant new capacity to its Fast Track facility.
LexisNexis
FEBRUARY 20, 2025
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.
Insurance Journal
FEBRUARY 20, 2025
Delta Air Lines Inc. is offering $30,000 to every passenger aboard a regional jet flight that came to rest upside down after crash landing at a Toronto airport earlier this week.
Insurance Journal
FEBRUARY 20, 2025
The U.S. Environmental Protection Agency said on Wednesday it has submitted the Biden administration’s approval of California’s landmark plan to end the sale of gasoline-only vehicles by 2035 to Congress for review and potential repeal.
Insurance Journal
FEBRUARY 20, 2025
TALLAHASSEE, Fla. (AP) Days after Gov.
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