Insurance Journal
OCTOBER 11, 2024
The company that owns the New York Mets professional baseball team is the target of a class action lawsuit alleging the organization collects and profits from fans’ biometric information at its stadium, CitiField, in violation of the city’s biometrics privacy …
Property Insurance Coverage Law
OCTOBER 11, 2024
In the wake of the devastating Hurricanes Helene and Milton that recently struck Florida and neighboring states, policyholders are facing the daunting task of rebuilding their lives and navigating complex insurance claims. As an attorney specializing in insurance coverage cases, I’ve seen firsthand the challenges that disaster survivors face. Today, I want to highlight a … The post Hurricane Helene and Milton Survivors Navigating Insurance Claims and Recovery: United Policyholders
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Insurance Journal
OCTOBER 9, 2024
Even before the second megastorm in as many weeks brings devastating floodwaters to the Southeast US, it’s already clear that federal flood-risk maps underpinning decisions by millions of American homeowners and businesses are severely out of sync with a new …
Prof. Allan Manning
OCTOBER 7, 2024
LMI continues to grow in claims work and as a result both LMI Group and Aequum Adjusters are looking to hire loss adjusters and or claims preparers in virtually every state and territory in Australia and New Zealand. The positions range from trainee, to highly experienced. If you are interested or know of someone who may be, please send in a CV on my email address: Allan.Manning@LMIGroup.com.
The Property Insurance Law Observer
OCTOBER 9, 2024
In a recent decision by the U.S. District Court for the Middle District of Florida, Wood v. GeoVera Specialty Insurance Company (2024 WL 3952571), the court affirmed that unambiguous policy limits remain enforceable even when an appraisal award exceeds those limits. This decision provides valuable guidance for insurers handling post-catastrophe claims.
Frankenmuth Insurance
OCTOBER 10, 2024
Setting up or running the small business of your dreams? Reduce your risks with these 13 retail store safety tips: Step up your security. Minimize crime with security cameras, ample exterior lighting, and alarm systems. Ensure your security cameras cover key entrances and blind spots and invest in quality equipment. Teach team members how to turn alarms on and off.
Insurance Journal
OCTOBER 10, 2024
The insurance industry faces significant challenges in covering catastrophic risks, especially as climate change drives more extreme weather events. With soaring premiums and increasing exclusions, the need for an accurate assessment of these risks is more important than ever.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
RiskQuoter
OCTOBER 13, 2024
Prudential is one of the most competitive life insurance companies for high risk health issues such as HIV, cancer, heart disease, diabetes, as well as for tobacco users, private pilots and much more. The post The Prudential Advantage: Insights From A licensed Life Insurance Agent appeared first on RiskQuoter.com.
Top Insurance Blogs
OCTOBER 8, 2024
One of the top predicaments upon purchasing a new car is getting a comprehensive car insurance. While it seems like a daunting task- especially if you’re a first-time car buyer and non-car enthusiast – securing your car through a comprehensive insurance will help you save significant time, money, and headaches in case of accidents or unforeseen troubles.
AMAXX
OCTOBER 9, 2024
Paradigm is back as a Gold Sponsor for the 2024 National Workers’ Compensation and Disability Conference , October 15-17, in Las Vegas. While visiting booth #927 on the convention floor, you’re invited to share your passion and purpose in our What’s Your Why?: Portraits of Purpose booth experience. An onsite artist will transform your reasons into one unifying illustration—and for every response, Paradigm will make a donation to Kids’ Chance of America on your behalf.
Property Insurance Coverage Law
OCTOBER 7, 2024
While better than nothing, the deadline to file federal flood proofs of loss has been extended to 120 days from the flooding of Hurricane Helene. It should have been for a year, as was common following catastrophic hurricanes. Here is the language granting the extension: To allow enough time for policyholders to evaluate their losses, … The post Hurricane Helene National Flood Insurance Proofs of Loss Deadline Extended for 120 Days From 60 Days appeared first on Property Insurance Coverage
CDC: Workers Compensation
OCTOBER 8, 2024
Workers who respond to roadway emergencies, such as vehicle crashes, can face multiple hazards. Working at roadway incidents frequently exposes responders to potentially being struck by passing motor vehicle traffic leading to serious injury or death. These secondary crashes during responses to roadway incidents contribute to about 50 emergency responder fatalities and injuries annually.[1][2] Additionally, crashes during roadway incident responses can cause extensive property damage to agency e
Simply Insurance
OCTOBER 8, 2024
Finding out you need to get home insurance coverage before you can close on your loan can be nerve wrecking.But it doesn't have to be:There are some very fast ways to get a home insurance quote. And depending on your specific situation, having homeowners isn't actually always required.
AMAXX
OCTOBER 7, 2024
Claims audits and reviews are one of the most commonly used tactics by companies to control workers’ compensation costs. In fact, according to the RIMS 2009 Annual Benchmark Survey, 90% of companies had conducted a claim audit or review of at least some of their claims within the previous six months. These audits ensure that each claim is handled efficiently and in compliance with state regulations while also identifying areas for cost containment.
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.
Property Insurance Coverage Law
OCTOBER 11, 2024
The Florida Department of Financial Services (DFS) issued Emergency Rule 69BER24-4, which aims to address issues in the property insurance claims process. While the rule attempts to improve transparency and accountability, it raises several concerns and potential unintended consequences. It is obviously a political response to the CBS 60 Minutes documentary noted in CBS 60 … The post Stop Using Licensed Contractor Bids For Claim Estimates—A Quick Analysis of Florida’s Imperfect Emergency R
Splash: Finance and Insurance
OCTOBER 7, 2024
The Hong Kong Chamber of Shipping was launched yesterday as a body designed to boost the city’s credentials as an international maritime centre. CY Leung, former head of the territory, is one of the chamber’s co-founders, with Hing Chao, the head of Wah Kwong Maritime Transport, serving as its chairman.
Boyle Agency Insurance
OCTOBER 7, 2024
Life insurance is a crucial financial tool that provides protection for you and your loved ones. However, as life unfolds, your insurance needs may change due to significant life events. Regular policy reviews are vital to ensure your life insurance coverage remains relevant and adequate throughout life’s various milestones. Life Event: Marriage Marriage marks a significant life event where you share financial responsibilities with your spouse.
AMAXX
OCTOBER 8, 2024
In the world of workers’ compensation, one of the most powerful strategies for managing costs while helping injured employees return to work is the implementation of a transitional duty (TD) program. Transitional duty allows employees to return to the workplace in a modified capacity while they continue to recover from their injuries. These programs offer significant benefits, not only by speeding up recovery but also by minimizing the financial impact of workers’ compensation claims
Insurance Journal
OCTOBER 9, 2024
Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance prices which could boost some insurance companies’ shares, analysts at RBC Capital said.
Property Insurance Coverage Law
OCTOBER 8, 2024
While speaking at the Florida Association of Public Insurance Adjusters Fall Conference regarding National Flood Insurance claims, I promised to blog about a recent case that made its way through the federal courts. Homeowners Henry and Mary Siedzikowski learned some hard lessons about the strict requirements for flood insurance claims. The case, which began in … The post NFIP Escapes Payment with Form-Over-Substance Rules—The Need For Reform of the National Flood Insurance Program appeare
Elmore
OCTOBER 11, 2024
In many cases, it’s best — financially — to go your separate ways The post The couples’ conundrum: joint or separate finances? appeared first on Elmore Insurance Brokers.
Cowbell
OCTOBER 11, 2024
Natural disasters like hurricanes, floods, and wildfires bring with them a wave of destruction, displacing communities, disrupting lives, and creating widespread confusion. Unfortunately, this chaos also presents an opportunity for cybercriminals to strike. Bad actors take advantage of the emotional, physical, and digital vulnerabilities that often arise during these crises, preying on victims who are more likely to let their guard down in the rush to seek information or assistance.
Protect Commercial Insurance
OCTOBER 11, 2024
Introduction Climate change isn’t just an environmental buzzword; it’s rapidly becoming a pivotal factor in the world of insurance, especially for commercial properties. As we face more frequent and intense extreme weather events, insurers are re-evaluating their policies to better manage these growing risks. Businesses now need to consider how climate change might impact their insurance premiums and coverage.
Insurance Journal
OCTOBER 9, 2024
Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and low-balled policyholders, Florida’s chief financial officer has issued an emergency rule barring similar actions in Hurricane Milton claims.
Property Insurance Coverage Law
OCTOBER 10, 2024
Every now and then, I get stumped on a property insurance question. I was asked during my flood presentation on Monday how the National Flood Insurance Program would respond to a flood claim from Hurricane Helene and one from Hurricane Milton. I told the audience, “I thought about it but did not research that topic. … The post Two Flood Claims?
Insurance Marine News
OCTOBER 11, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cruise lines change calendars for repositioning cruises in late 2024 and late 2025 appeared first on Insurance Marine News.
Top Insurance Blogs
OCTOBER 10, 2024
There are three main types of car insurance that everyone talks about: Third-Party, Third-Party Fire and Theft, and Comprehensive. The post 3 Cheapest Car Insurances in the UK – Full Comparison appeared first on My Top Insurance Blogs.
LexisNexis
OCTOBER 10, 2024
It has been three years since the adoption of the Corporate Transparency Act (CTA) , which went into effect at the beginning of this year, and now the first filing deadline is fast-approaching on January 1, 2025. In-house counsel at companies of all sizes are racing to get important questions answered so they can be confident they are in full compliance with the CTA’s various rules.
Insurance Journal
OCTOBER 7, 2024
When Hurricane Helene barreled ashore last week, it caused devastating flooding across the southeastern U.S., including in the Shore Acres area of St. Petersburg, Florida. The neighborhood saw 6 feet of storm surge, which flooded roads and homes.
Property Insurance Coverage Law
OCTOBER 7, 2024
It is never a good sign when the Weather Channel’s Jim Cantore is in your hometown, and a hurricane is on the way. Cantore is in Tampa. Hurricane Milton is on the way to Tampa or somewhere close by. I am in Miami at the Florida Association of Public Insurance Adjusters (FAPIA) Fall conference and … The post Thoughts About Property Insurance at the FAPIA Fall Conference appeared first on Property Insurance Coverage Law Blog.
Insurance Marine News
OCTOBER 11, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Deckhand fell asleep before tug hit dock, says NTSB appeared first on Insurance Marine News.
P&L Financial Services
OCTOBER 10, 2024
Healthcare costs are a major concern for seniors, particularly those living on fixed incomes. As 2025 approaches, many retirees are bracing for increases in medical expenses due to inflation and changes in healthcare services. Preparing for rising healthcare costs is essential for maintaining financial security in retirement. Understanding Rising Healthcare Costs Healthcare costs continue to climb year after year, and 2025 is expected to be no different.
LexisNexis
OCTOBER 10, 2024
By Madison Johnson, Esq. | Marketing Manager Large law firms have been on a technology transformation journey for the past two decades, embracing new ways of empowering lawyers to work more efficiently and more effectively with the aid of fast-moving legal tech innovations. These firms now find themselves in a bit of a quandary that was the inevitable result of this rapid growth in reliance on technology.
Insurance Journal
OCTOBER 8, 2024
For the second time in two weeks, Tampa General Hospital is getting ready to keep water at bay. Hurricane Milton is expected to make landfall Wednesday and will test the hospital’s flood barrier.
Property Insurance Coverage Law
OCTOBER 9, 2024
Imagine standing at a crossroads, where one path leads to your safety and the other to a stranger’s peril. Would you silently hope for your path to be the safer one? This moral dilemma isn’t just hypothetical—it’s a reflection of the wishes we make every day. I found myself deeply thinking about this while texting … The post Reflections on Historic Hurricane Milton Before It Strikes the Central West Coast of Florida appeared first on Property Insurance Coverage Law Blog.
Insurance Marine News
OCTOBER 11, 2024
You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post IUMI issues best practice recommendations on the use of flexitanks appeared first on Insurance Marine News.
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