Wed.Oct 30, 2024

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Fla. DFS Offers to Check Contracts With Roofers, Adjusters; Tenn. Eyes Claims Denials

Insurance Journal

Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene and Milton spurred thousands of insurance claims.

Claim 280
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Insurance Agents Get a Free Pass for Negligence with NFIP Policies: Federal Courts Create an Alice in Wonderland Defense

Property Insurance Coverage Law

Federal courts are creating an almost impossible barrier for policyholders trying to hold their insurance agents accountable for negligence involving National Flood Insurance Program (NFIP) policies. The reasoning by these courts defies common sense and leaves policyholders without recourse when agents fail to properly advise about or procure appropriate flood coverage.

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Allstate Turns in Net Income of $1.2B After Q3 Hurricanes

Insurance Journal

Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to a loss of $41 million during the same time a year ago.

Insurance 272
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BP Marsh sells stake in Lilley Plummer Risks

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post BP Marsh sells stake in Lilley Plummer Risks appeared first on Insurance Marine News.

Risk 102
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ICEYE Analysis Shows Wider Florida Flooding From Milton: 185,000 Buildings Hit

Insurance Journal

Flooding from Hurricane Milton appears to have been more extensive than initially determined, affecting almost 185,000 buildings all across Florida, says a new analysis from ICEYE, a firm that uses satellite images to measure damage for the insurance industry.

Building 257
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INTERTANKO wants more information on ports with challenging water quality

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post INTERTANKO wants more information on ports with challenging water quality appeared first on Insurance Marine News.

Marine 101

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Paris MoU raises fire door concerns following 2023 CIC

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Paris MoU raises fire door concerns following 2023 CIC appeared first on Insurance Marine News.

Marine 90
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YouTube Forced to Play a Game of Legal Whack-a-Mole With Russia

Insurance Journal

When YouTube blocked three Russian channels it said were controlled by sanctioned supporters of Vladimir Putin’s invasion of Ukraine, the US video company thought any disputes would be resolved in courts in California and England.

Risk 246
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Chinese heavy-lift vessels arrive at Arctic LNG 2

Insurance Marine News

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Marine 85
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Huntington Starts Coaching Program for Insurance Marketing, PR, and Ad Pros

Insurance Journal

Ted Huntington, a marketing leader with a track record in the insurance, finance, and energy sectors, announced the launch of his new national coaching enterprise, dedicated to helping insurance marketing, communications, public relations, and advertising professionals elevate their careers.

Insurance 243
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Houthis launch multiple attacks

Insurance Marine News

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Marine 59
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Former North Carolina Volunteer Fire Chief Charged with Embezzling $155,300

Insurance Journal

A former volunteer fire chief in North Carolina has been charged with embezzling almost $155,300 from his department by falsifying time sheets.

Insurance 241
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Blog Post: Class Action Lawsuit Filed Against ICE for Illegally Withholding Over $300 Million in Bond Money from Immigrant Families

LexisNexis

Envision Freedom Fund, the Kathryn O. Greenberg Immigration Justice Clinic at Benjamin N. Cardozo School of Law, Oct. 29, 2024 "A groundbreaking class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York, against U.S. Immigration and Customs Enforcement (ICE), challenging the agency’s systemic failure to return bond money to tens of thousands of immigrant families.

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King Risk Partners Acquires Connecticut’s Suzio Insurance

Insurance Journal

Florida-based insurance broker King Risk Partners reports it has acquired Suzio Insurance Center, Inc., an independent insurance agency based in Meriden, Connecticut.

Risk 238
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Agent Success Secrets Tanya Johnson

Your Journey With Jennie

I couldn’t be more excited to feature Tanya Johnson, a standout in my Momentum Membership & Mastermind group! Tanya’s dedication, growth, and consistent success embody what it means to thrive in this industry. A Seasoned Pro Committed to Growth With over 27 years in the Northern Virginia and Northern Neck real estate markets, Tanya leads a thriving team.

Agents 52
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Survey Shows California’s Insurance Crisis Is Impacting Home Sales

Insurance Journal

Realtors in California are reporting more difficulty selling homes because of the insurance crisis, according to a survey from the California Association of Realtors.

Insurance 232
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How Does Commercial Auto Insurance Work And What Is It?

Simply Insurance

Discover the essentials of commercial auto insurance, including how it works, what it covers, and why it's crucial for businesses that use vehicles. Learn about policy options, coverage limits, and tips for choosing the right insurance for your company's needs.

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Aerospace Startup Partners With NASA, USGS to Monitor Wildfires, Storms From Space

Insurance Journal

Aerospace startup Sceye has partnered with NASA and the U.S. Geological Survey to deploy climate management tools to monitor wildfires and storms from the edge of space, the company and the government agencies exclusively told Reuters on Tuesday.

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Does Builder’s Risk Coverage Differ for Residential vs. Commercial Construction Projects?

Distinguished

Builder’s Risk insurance is critical for residential and commercial construction projects, as it covers the property during construction or renovation. While Builder’s Risk policies for both types of projects offer similar coverage, such as insuring for damage to the structure from fire, theft, and other covered perils, there are important distinctions between residential and commercial coverage.

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Online Insurer Waterdrop Mulls Secondary Listing in Hong Kong

Insurance Journal

US-listed Waterdrop Inc. is looking at a secondary listing in Hong Kong as it seeks to expand its insurance business in the financial hub, according to Chief Executive Officer Shen Peng.

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Top 5 Homeowners Insurance Costs in Florida

Top Insurance Blogs

Learn about top 5 homeowner's insurance cost in Florida The post Top 5 Homeowners Insurance Costs in Florida appeared first on My Top Insurance Blogs.

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Helene-Caused IV Fluid Shortage to Affect Surgeries for Weeks

Insurance Journal

Surgery schedules around the country may be washed out for several more weeks while a crucial IV and sterile fluids factory remains shut down for hurricane-related damage.

Damage 227
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5 Must-Know Tips for Comparing Home Insurance Quotes

TGS

TGS Insurance » Blog 5 Must-Know Tips for Comparing Home Insurance Quotes Choosing the right home insurance policy can sometimes feel like trying to find the perfect coffee order—it’s a delicate balance between what you need and what works best for your wallet. With so many options on the market, it’s easy to get lost in a sea of quotes, each promising the “best” coverage.

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AM Best Removes Under Review Status of Iowa’s Pharmacists Mutual

Insurance Journal

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Pharmacists Mutual Insurance Company (PMIC) and its wholly owned reinsured subsidiary, …

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Marine round-up : 30th October 2024

Insurance Marine News

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Marine 52
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Super Typhoon Kong-Rey Threatens Another Halt of Taiwan Stock Exchange

Insurance Journal

The most powerful typhoon in almost six decades threatening to barrel across Taiwan this late in the year has raised the prospect of another suspension of the island’s $2.5 trillion stock exchange by a storm.

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Major oil spill exercise in Australia

Insurance Marine News

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Marine 52
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House Explosion Near Dallas Kills 2

Insurance Journal

VAN ALSTYNE, Texas (AP) — Investigators suspect a propane leak caused an explosion that leveled a home and killed its two occupants in a community just north of Dallas early Monday morning. First responders received the call at 1:19 a.m.

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Manawanui containers are recovered

Insurance Marine News

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Marine 52
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Specialist Risk Group Acquires Bloodstock and Livestock Specialist Broker Stonehatch

Insurance Journal

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Stonehatch, a leading specialist bloodstock and livestock insurance broker. Financial details of the transaction were not disclosed.

Broker 214
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Cargo ship takes containers from Albania to Thailand, then brings them back again

Insurance Marine News

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Marine 52
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Ship Owner in Baltimore Bridge Collapse Blames Maryland, Others in Liability Case

Insurance Journal

As a sprawling liability case takes shape following the deadly collapse of Baltimore’s Francis Scott Key Bridge in March, the owner and manager of the container ship Dali are seeking to deflect responsibility and cast blame elsewhere.

Liability 213
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Seafarer Happiness Index ticks up

Insurance Marine News

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Marine 52
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New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025

Insurance Journal

New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% statewide average decrease in rates for workers’ compensation and employers’ liability insurance. The new rates will apply to new and renewal policies effective January 1, 2025.