Insurance Journal

JULY 21, 2024

Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said. A software update by global cybersecurity firm CrowdStrike appeared to have triggered systems problems …

Business Interruption 312

Business Interruption Claim Insurance Industry Insured 312

Insurance Journal

NOVEMBER 17, 2024

The insurance industry is facing a significant rise in roof-related claims. The combination of increasingly severe weather events, inflation-driven repair costs and the growing issue of roofing scams has created a perfect storm — one that is straining insurer portfolios …

Home Insurance 279

Home Insurance Claim Insurance Industry Insured 279

Property Insurance Coverage Law

OCTOBER 2, 2024

Recent investigative reporting by CBS’s 60 Minutes, noted in CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, has exposed alleged widespread underpayments of claims and unethical claims practices in Florida’s property insurance industry.

Claim 279

Claim Property Insurance Damage Insurance Industry 279

Insurance Journal

SEPTEMBER 10, 2024

Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespread premium increases and professional discipline.

Liability 264

Liability Claim Risk Premium 264

Insurance Journal

DECEMBER 25, 2024

The auto insurance industry has weathered its share of storms in recent years. Despite fewer claims in early 2024, carriers still face headwinds when it comes to vehicle complexity and its effect on severity and cycle time. Following are the …

Claim 254

Claim Auto Insurance Insurance Industry Insurance 254

Insurance Journal

AUGUST 21, 2024

Swiss Re AG’s first-half net income beat estimates, as the re-insurer avoided higher claims from natural catastrophes that have impacted the broader insurance industry. Profit for the second quarter was $996 million, resulting in net income of $2.1 billion for …

Claim 263

Claim Insurance Industry Insurance Insured 263

Property Insurance Coverage Law

OCTOBER 24, 2024

The recently issued Emergency Rule 69BER24-4 in Florida creates a concerning conflict with Xactimate’s license agreement, highlighting yet another way the insurance industry exercises control over claims adjusting practices.

License 189

License Insurance Industry Property Insurance Claim 189

Insurance Journal

OCTOBER 20, 2024

As social inflation continues to exert pressure on the insurance industry, this is not only a financial issue, but one with far-reaching impacts on insurers, beneficiaries and society at large. Rising litigation costs, evolving societal expectations, and increasingly complex claims …

Claim 215

Claim Insurance Industry Insurance Insured 215

Property Insurance Coverage Law

OCTOBER 23, 2024

While Jimmy Patronis and Governor DeSantis trumpet their latest emergency rule as consumer protection following the CBS 60 Minutes Expose noted in CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, the reality reveals a different story.

Policyholder 214

Policyholder Insurance Industry Insurance Companies Protection 214

Zywave

MARCH 19, 2025

Benefits of APIs in the Insurance Industry APIs offer numerous benefits to the insurance industry, enhancing efficiency, customer experience, and data management. APIs facilitate instant updates and communication, such as sending policy updates or claim status notifications, enhancing transparency and trust.

Insurance Industry 52

Insurance Industry Broker-Agent Insured Insurer 52

Top Insurance Blogs

APRIL 17, 2025

The insurance industry in Australia, like many others, is undergoing a significant transformation, thanks to artificial intelligence (AI). Over the past few years, weve seen AI evolve from being a futuristic buzzword to a practical tool thats revolutionizing every part of the insurance lifecycle.

Insurance Industry 52

Insurance Industry Insured Insurer Insurance 52

Insurance Journal

NOVEMBER 6, 2024

By this time next year, plaintiffs lawyers, who have frequently been held up as thorns in the side of the Florida property insurance industry for their sometimes-aggressive pursuit of policyholder claims litigation, could have a stamp of credibility to brandish …

Policyholder 264

Policyholder Property Insurance Insurance Industry Claim 264

Insurance Journal

NOVEMBER 22, 2024

Weiss Ratings, a Palm Beach Gardens financial ratings firm, sparked some outrage from the Florida insurance industry in recent weeks after it released reports contending that some of Florida’s largest property insurers were closing almost half of their hurricane claims …

Property Insurance 279

Property Insurance Insurance Industry Insured Insurer 279

Insurance Journal

FEBRUARY 9, 2025

If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history, it is that both the property/casualty insurance industry and the independent agents who serve as its personal point of contact …

Agents 174

Agents Casualty Insurance Insurance Industry Insurance 174

Insurance Journal

NOVEMBER 17, 2024

The insurance industry is in the midst of a digital revolution, with artificial intelligence (AI) at the heart of it. From streamlining claims processing to creating personalized policies, AI has quickly become a vital tool for insurers striving to stay …

Insurance Industry 255

Insurance Industry Insured Insurer Insurance 255

Top Insurance Blogs

APRIL 22, 2025

As someone who has insured my car in Germany for over 20 years and spent a decade working as an insurance agent, I’ve seen the ins and outs of the car insurance industry. Whether you’re a citizen or an expat living in Germany, understanding how to process a car insurance claim is important.

Insurance Claim 52

Insurance Claim Claim Insurance Agent Insurance Agents 52

Prof. Allan Manning

FEBRUARY 24, 2023

During that time we have assisted thousands of claimants with their claims, and introduced world leading online services that take the lessons learned from claims, and use them to assist brokers and underwriters be better at their job, and to move the emphasis from price to protection.

Insurance Industry 130

Insurance Industry Business Interruption Claim Insured 130

Insurance Journal

SEPTEMBER 2, 2024

And he may be the best friend the Florida property insurance industry has. He’s been called “eccentric,” a “do-gooder,” a “troublemaker” and a whistleblower. A mechanical engineer based in Edgewater, George Miles has filed formal complaints with the Florida Board …

Property Insurance 306

Property Insurance Insurance Industry Insured Insurer 306

Property Insurance Coverage Law

NOVEMBER 1, 2024

Note: This guest blog is by Frank Lombard, CPCU, ARM, an independent property/casualty insurance advisor. Not a day passes without reading something about double-digit increases in the cost of home insurance. The insurance industry claims the increases are a result of inflation, climate change, and consumers filing more claims.

Home Insurance 189

Home Insurance Casualty Insurance Insured Insurer 189

Insurance Journal

APRIL 20, 2025

Fraud has long plagued the insurance industry, particularly in sectors like New York construction and habitational real estate. From staged trips and falls to fraudulent claims orchestrated by networks of bad actors–including lawyers, doctors, and claimants–the industry has been burdened …

Insurance Industry 182

Insurance Industry Claim Insured Insurer 182

Prof. Allan Manning

JULY 5, 2023

This event would not be possible without the generous support of our sponsors Steadfast Claims Services and icare. The function starts at 6pm, with the awards portion running for approximately 1 hour, during which 6 awards will be presented. The event is a not for profit one with all proceeds going to the Amal Mulia Orphanage.

Claim 130

Claim Casualty Insurance Insurance Claim Insurance Industry 130

Triple-I: Homeowners Insurance

FEBRUARY 13, 2025

Insurance affordability in Georgia is dwindling as claim frequency and insurer costs soar, according to the latest issue brief from Insurance Information Institute (Triple-I), Trends and Insights: Georgia Insurance Affordability. Injury claim severity in the state is slightly higher than in the rest of the country.

Commercial General Liability 89

Commercial General Liability Commercial Umbrella Claim Liability 89

Property Insurance Coverage Law

OCTOBER 25, 2024

In my recent articles, The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insurance Companies Over Policyholders — Are Florida’s Politicians in Bed with the Insurance Industry and Florida’s Emergency Ethical Rule Conflicts with Xactimate’s License Agreement – Another Example of Insurance Industry Control in Florida, (..)

Policyholder 203

Policyholder License Insurance Industry Property Insurance 203

Prof. Allan Manning

APRIL 7, 2024

The 2024 Mansfield Awards for Claims Excellence are just over 3 months away and we could really do with your help with ensuring the best of the best win. If you have had a claim yourself or are an adviser who has had a client or clients have a claim, we would really appreciate your taking a few minutes to rate the claims service.

Claim 130

Claim Insurance Industry Business Interruption Insurance 130

Insurance Journal

OCTOBER 20, 2024

We are disappointed but unsurprised that an insurance industry lobbyist would mischaracterize an emergency order meant to stop insurance abuses as a “rule on public adjusters.” ” As Insurance Journal itself made clear in an Oct.10 10 story that does not even …

Insurance Industry 203

Insurance Industry Insurance Insured Insurer 203

Property Insurance Coverage Law

OCTOBER 1, 2024

Heritage Insurance (HRTG) lost 20% of its publicly traded value yesterday following the recent CBS 60 Minutes investigation into alleged insurance fraud in Florida, which has sent shockwaves through the insurance industry.

Property Insurance 203

Property Insurance Damage Insurance Industry Insurance Companies 203

American Agents Alliance

JANUARY 11, 2025

These wildfires have caused historic damage, claimed lives, and threatened communities. As stories of resilience and courage emerge and the fires are contained, agents and brokers provide critical insurance support for policyholders. Agents can help their insureds understand these workflows and digital tools.

Insurance Industry 52

Insurance Industry Risk Broker-Agent Policyholder 52

Zywave

DECEMBER 18, 2024

Educational events bring industry expertise from around the globe, facilitate networking Leading insurtech provider Zywave has announced its lineup of acclaimed insurance industry thought leadership events for 2025. Registration is now open: [link].

Insurance Industry 52

Insurance Industry Cyber Broker-Agent Insured 52

Accenture: Cyber Insurance

NOVEMBER 30, 2021

As we wrap up 2021, it seems appropriate to revisit predictions we made for the insurance industry this year. I put forward my hypotheses last December in my post, 5 predictions for the insurance industry in 2021. Let’s see how those predictions held up. 1.

Insurance Industry 52

Insurance Industry Insured Insurer Insurance 52

Prof. Allan Manning

FEBRUARY 24, 2024

Today marks LMI Group’s quarter century of service to the insurance industry and wider communities. May 2002: First of now 17 books on insurance and risk management launched. The first was Business Interruption Insurance and Claims soon to be printed in its 6th Edition. March 2003: LMI Sydney office opens.

Business Interruption 130

Business Interruption Claim Policy Insurance Industry 130

InsuredMine

MAY 14, 2025

The insurance industry is undergoing a digital transformation like never before. Modern insurance customers demand speed, simplicity, and transparencyand insurers must adapt or risk falling behind. Here are seven key customer engagement trends that will shape the insurance industry in 2025.

Insured 52

Insured Insurer Insurance Claim 52

Triple-I: Workers Compensation

FEBRUARY 14, 2025

By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-Is latest Issues Brief. A combined ratio under 100 indicates a profit. A ratio above 100 indicates a loss.

Workers Comp 40

Workers Comp Premium Workers Compensation Workers Compensation Insurance 40

Property Insurance Coverage Law

NOVEMBER 10, 2024

As someone who has spent decades battling insurance companies over wrongful claims practices, it might seem strange that I’m writing about the importance of insurance company profits. Trust me, I had to take a deep breath before typing that sentence.

Insurance Companies 100

Insurance Companies Insured Property Insurance Insurer 100

InsuredMine

APRIL 16, 2024

This prevents insurers from truly understanding customer needs, offering products and services, and delivering an efficient omnichannel experience. The regulations governing the insurance industry have also grown more complex over time.

Insurance Industry 52

Insurance Industry Insured Insurer Insurance 52

Rough Notes

DECEMBER 31, 2024

INSURANCE-RELATEDCOURTCASES Digested from case reports published online COURT DECISIONS Wrestling claim denied Jodi Greenlaw, individually and as personal representative of the estate of her late husband Philip J.

Claim 52

Claim Insurance Companies Insurance Insured 52

Redbird Agents

NOVEMBER 15, 2024

Recruitment: The Backbone of the Insurance Industry Insurance recruiting is more than a necessity—it’s a strategy. Strategic Recruitment Methods for Insurance Agencies Recruiting isn’t just about filling open insurance jobs—it’s about assembling an insurance team that can deliver results.

Building 130

Building License Insured Insurer 130

Triple-I: Homeowners Insurance

JANUARY 13, 2025

Overall, this and other key report findings revolve around the value of proactive measures for effective preparedness and mitigation strategies to address the increasing risks posed by severe weather events and the need for collaboration between homeowners, insurers, and governments to enhance resilience against natural disasters.

Policyholder 78

Policyholder Claim Premium Risk 78