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AM Best Revises Outlook for U.S. Personal Lines Insurance Segment to ‘Stable’

Insurance Journal

AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, along with solid levels of risk-adjusted capitalization among carriers.

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Stay Informed: The Zelle Lonestar Lowdown – A Must-Read Newsletter for Property Insurance Professionals

Property Insurance Coverage Law

Steve Badger’s firm biography references a newsletter, The Zelle Lonestar Lowdown. For those battling insurance coverage issues in Texas, The Zelle Lonestar Lowdown offers invaluable monthly insights into Texas first-party property insurance law and claims. This newsletter, produced by a firm with deep roots in insurance litigation, provides critical updates that can make a difference … The post Stay Informed: The Zelle Lonestar Lowdown – A Must-Read Newsletter for Property Insurance Profe

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State Farm Wins Worn-Out Plumbing Case: Ensuing Water Damage Not Covered Under State Farm’s Language

Property Insurance Coverage Law

Maybe State Farm should advertise to its customers that it will fight them tooth and nail anytime their property gets older, wears out, and results directly or indirectly with loss. This post gives State Farm a three-day winning hat trick following State Farm Wins Alabama Worn Out Roof Damage Case: Lesson About Hail Damage Cases, … The post State Farm Wins Worn-Out Plumbing Case: Ensuing Water Damage Not Covered Under State Farm’s Language appeared first on Property Insurance Coverage Law

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Insurance on the ACA Marketplace Made Simple

Solstice Insurance Broker

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NPN Lookup

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. Lookup Your NPN Here. Everything Insurance Agents Need to Know About the National Producer Number (NPN) If you’re an insurance agent, broker, or adjuster, your National Producer Number (NPN) is a critical identifier in your professional journey. This unique number ties your licensing credentials to your records nationwide, simplifying compliance and connecting you with your state’s department of i

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Handling Sensitive Questions with Compassion: How Agents Can Address Final Expense Insurance Concerns

Final Expense Brokerage

Nov 29, 2024 1:23:11 PM Contact Us Share: Execute difficult conversations with clients graciously. In final expense insurance, agents often deal with sensitive questions that touch on the client’s financial worries, family security, and end-of-life concerns. Navigating these questions with empathy and understanding is crucial, as it helps build trust and reassures clients during an emotionally charged process.

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Brokers: How to Handle Client Policy Cancellations | Solstice

Solstice Insurance Broker

Insurance policy cancellations. Dealing with them is hard and many brokers aren't quite sure what to say or how to handle the situation. That's why it's super important to have a solid process in place.

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What 2024 Supply Chain Attacks Can Show Your Clients

ProWriters

Global supply chains have largely recovered from the shipping and stocking disruptions of the COVID-19 pandemic. But 2024 saw another threat playing havoc with these vital networks: supply chain attacks. High-profile incidents in healthcare, automobile retail, and even the cyber security industry itself cast a harsh spotlight on how vulnerable dependencies and connections between businesses are in today’s economy.

Cyber 101
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Common Myths and Misconceptions About Final Expense Insurance: A Guide for Agents

Final Expense Brokerage

Nov 30, 2024 11:23:52 AM Contact Us Share: Enhance client discussions by addressing the most common final expense misconceptions. When discussing final expense insurance with clients, agents often encounter misconceptions that can prevent clients from seeing the value of these policies. Final expense insurance can be an ideal option for anyone looking to ease their family’s financial burden, but misunderstandings about what this coverage entails can create hesitation.

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Best Agency to Work For – Southeast Bronze Winner: Brightway Insurance

Insurance Journal

The people at Brightway Insurance, based in Ponte Vedra Beach, Florida, near Jacksonville, seem to have taken employee satisfaction and performance to a whole new level.

Insurance 279
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State Farm Wins Texas Worn-Out Roof Damage Case: Lesson About Texas Hail Damage Cases, Expert Testimony, and the Very Unique Texas Concurrent Causation Rule

Property Insurance Coverage Law

Yesterday’s article, State Farm Wins Alabama Worn Out Roof Damage Case: Lesson About Hail Damage Cases, Expert Testimony, and Investigation Standards, deserves a follow-up about a recent Texas federal court ruling regarding Texas hail damage to roof cases. 1 This Texas case highlights important, unique lessons about proving hail damage claims, particularly when dealing with … The post State Farm Wins Texas Worn-Out Roof Damage Case: Lesson About Texas Hail Damage Cases, Expert Testimony, a

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Rising tariffs, trade barriers, are main concerns for supply chain leaders

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Rising tariffs, trade barriers, are main concerns for supply chain leaders appeared first on Insurance Marine News.

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Four reasons to not wait until January to enroll in an ACA health plan

Healthinsurance.org

Reasons to enroll in an ACA health plan by December 15? Delaying your enrollment might mean no coverage in January Delayed enrollment might mean missing out on free money If you’re auto-renewing your 2024 plan, you could be surprised on January 1 January out-of-pocket expenses won’t transfer to a plan that starts in February Open enrollment for 2025 individual/family health coverage began on November 1, 2024.

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SEO Trends To Watch in 2025: Staying Ahead in the Insurance Industry

Neilson Marketing Services

As an insurance broker, you might spend hours crafting the perfect marketing campaign, only for potential customers to land on your website and leave within seconds. Why? Because they couldn’t find what they were looking for — or worse, never found the site at all. In 2025, the insurance industry’s digital battlefield will be defined by SEO, and only those who understand the trends will thrive.

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Slain UnitedHealth Executive Puts New Focus on CEO Safety Policy

Insurance Journal

The UnitedHealth Group Inc. executive who was fatally shot in New York on Wednesday morning had no personal security detail, a circumstance that could prompt swift changes inside corporate boardrooms, especially as the global political environment grows more unstable.

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Don’t Let Insurers Play the Mismatched Game: NAIC Standards Require Matching and Uniform Appearance

Property Insurance Coverage Law

Jonathan Wilkofsky is a panelist presenting appraisals at the First Party Claims Conference. He just mentioned that the issue of matching replacement materials during property insurance claims has been settled in model laws. The National Association of Insurance Commissioners (NAIC) has addressed this issue directly in their Unfair Property/Casualty Claims Settlement Practices Model Regulation, providing … The post Don’t Let Insurers Play the Mismatched Game: NAIC Standards Require M

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UK-sanctioned dark fleet tanker cancels round-Britain diversion

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post UK-sanctioned dark fleet tanker cancels round-Britain diversion appeared first on Insurance Marine News.

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Shipping heavyweights invest in UK decarbonisation firm

Splash: Finance and Insurance

US-based shipbroker and consulting group McQuilling Partners has joined the growing list of marine industry heavy hitters backing the UK-listed green decarbonisation pioneer SulNOx. McQuilling is investing in a new funding round led by SulNOx’s largest shareholder Constantine Logothetis and Norway’s shipowner Nistad Group after the UK firm’s five-fold share price hike in 18 months.

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My Safe Florida Condo Pilot Program Launches - What Does It Mean For Me?

Wren Insurance Agency

In November, Florida CFO Jimmy Patronis announced the new "My Safe Florida Condo" pilot program, meant to somewhat mirror the "My Safe Florida Home" program that currently provides free hurricane mitigation inspections and limited grants for storm protection-based home improvements that may help reduce condo insurance costs. With "My Safe Florida Condo," association boards and property managers are the beneficiaries of the free inspections and grant funds that may assist in lowering wind insuran

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Aspiring Alabama Country Singer/Claims Adjuster Charged After Violating Bond at CMA

Insurance Journal

An Alabama public adjuster known as an aspiring country music singer has been re-arrested after reportedly violating the terms of his bond from an arrest earlier this year.

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Vacancy Exclusions for “Vandalism” Should Not Apply to Arson Fires

Property Insurance Coverage Law

A recent Illinois Circuit Court decision provides an excellent analysis of why insurance companies cannot deny fire claims under vacancy exclusions by claiming that arson is a form of vandalism. The case, Amjad Abudayya v. Country Mutual Insurance Company, 1 demonstrates how careful judicial reasoning can expose flaws in insurance company coverage denials.

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Global shipping costs to remain high amid tariff threats, Red Sea challenges, says CMA CGM executive

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Global shipping costs to remain high amid tariff threats, Red Sea challenges, says CMA CGM executive appeared first on Insurance Marine News.

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Rising climate risks and the evolving role of marine insurance

Splash: Finance and Insurance

Robert Mackay from FDR Risk writes for Splash today. Extreme weather events triggered by climate change are becoming more frequent and severe, reshaping operational risk and creating unprecedented challenges for shipowners and operators.

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19 winter road trip tips for your next adventure.

Frankenmuth Insurance

Whether you’re driving across town or across state lines this holiday season, safety is key. These 19 winter road trip tips can help keep you safer in the dark, during a snowstorm, and in icy conditions. 1. Get a tune-up before traveling. Make sure your wipers, lights, tires, brakes, and battery are in good condition before departing. 2. Watch the weather report.

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FDIC Looks to Direct Monitoring of Fintech Companies After Synapse Collapse

Insurance Journal

The Federal Deposit Insurance Corp. has started to directly monitor financial-technology companies that partner with banks across the US, according to people familiar with the regulator’s supervisory operations.

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Who Is the Insurer? Does the Binder Matter?

Property Insurance Coverage Law

Insurance policies are like a box of chocolates—you never quite know what you’re going to get. Or, in the case of Billings Clinic v. Zurich American Insurance Company, 1 maybe you do, but the label on the box has you scratching your head. You might think Zurich American Insurance Company is the insurer after reading … The post Who Is the Insurer?

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Pay attention to bunker declarations before entering Turkish ports, warns Gard

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Pay attention to bunker declarations before entering Turkish ports, warns Gard appeared first on Insurance Marine News.

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Idan Ofer unveils new ship leasing arm

Splash: Finance and Insurance

Idan Ofer has unveiled a new ship leasing arm in Singapore. Dynamis Capital has been created by Quantum Pacific, Ofer’s holding company, having just bought Fleetscape Capital from Oaktree Capital Management, a division that has a fleet of around 25 ships. Fredrik Ulstein and Kaizad Doctor, previously with Oaktree, have transitioned to lead Dynamis.

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Workers’ Compensation Medical Director Best Practices

AMAXX

Managing work-related injuries and illnesses effectively requires a well-coordinated approach. At the heart of this process is the medical director, medical department, or consultant, who plays a pivotal role in interpreting medical jargon and facilitating smooth communication between medical professionals, injured employees, and the workers’ compensation team.

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Viewpoint: Artificial Intelligence Faces New Era of Regulatory Oversight

Insurance Journal

Executive Summary: With over 70% of insurers planning to deploy gen-AI tools over the next two years, AI promises much, and the keen adopters likely will be rewarded – but it’s a path that must be navigated carefully, keeping a …

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Unlock the Answers: How to Use the Blog’s Search Function Like a Pro!

Property Insurance Coverage Law

Have you ever had a burning question about property insurance but didn’t know where to start looking for the answer? Well, here’s a pro tip: This blog has a powerful search function that can save you time and get you to the information you need quickly. We’ve written extensively about property insurance topics over almost … The post Unlock the Answers: How to Use the Blog’s Search Function Like a Pro!

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Brazil grain barge shipping returns as Amazonian drought subsides

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Brazil grain barge shipping returns as Amazonian drought subsides appeared first on Insurance Marine News.

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Nicolas Saverys in second attempt to take Exmar private

Splash: Finance and Insurance

Belgian shipowner Nicolas Saverys is planning to launch another voluntary and conditional public takeover bid for all shares in gas shipowner and infrastructure provider Exmar. Saverys’ investment vehicle Saverex would offer €11.5 in cash for each share it does not already own, a premium of 38.

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JIF 2024: Collective, Data-Driven Approaches Needed to Address Climate-Related Perils

Triple-I: Homeowners Insurance

The need for collective action to address the property/casualty risk crisis was a recurring theme throughout Triple-I’s Joint Industry Forum in Miami – particularly during the panel on climate risk and resilience. The discussion focused heavily on what’s currently being done to address this evolving area of peril. The panel, moderated by Veronika Torarp – a partner in PwC Strategy’s insurance practice – consisted of subject-matter experts representing a cross section of natural perils, fr

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