Tue.Nov 26, 2024

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After Tens of Billions in Insured Losses, Record-Breaking Hurricane Season Ends

Insurance Journal

The 2024 Atlantic hurricane season ends Nov. 30 after 18 named storms including the earliest Category 5 storm on record, and possibly one of the costliest hurricanes to the insurance industry.

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Florida Insurance Regulators Perfect Their Aim—At the Wrong Target! Shooting the Messenger Instead of Fixing the Problem

Property Insurance Coverage Law

Welcome to another chapter in the ever-entertaining saga of Florida insurance regulation—where the unexpected is expected, and reality sometimes reads like satire. The latest? Florida’s insurance regulators are serving subpoenas on a critic who dared to spotlight glaring issues in the insurance industry. Yes, you read that right. Instead of addressing the industry’s woes, they’ve … The post Florida Insurance Regulators Perfect Their Aim—At the Wrong Target!

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New York High Court Upholds Uber Arbitration Mandate in Previously-Filed Injury Case

Insurance Journal

In a 5-2 decision, New York State’s high court this week upheld Uber’s “clickwrap” agreement requiring arbitration of all disputes in a case of a passenger who was injured by another vehicle after exiting an Uber car.

Injury 274
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Shipping needs to change the narrative to attract investors

Splash: Finance and Insurance

Shipping might be a multi-trillion dollar industry and the backbone of world trade, but it is infinitesimally small in the minds of investors. New research from US-based Cavalier Shipping shows that less than 79 US cents out of every $1,000 invested in the US stock market goes to shipping and offshore companies.

Insurance 104
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World Insurance Acquires New England’s NorthStar Insurance

Insurance Journal

National insurance broker World Insurance Associates LLC reports it acquired NorthStar Insurance Services of Needham, Massachusetts on July 1, 2024. Terms of the transaction were not disclosed.

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Part 3 of 3: Common Mistakes in Return-to-Work Programs and How to Avoid Them

AMAXX

In the final part of our return-to-work ( RTW ) series, we explore common mistakes made in RTW programs and how they can be addressed to improve outcomes. Often, simple adjustments can lead to significant positive changes, making the return-to-work process smoother, more efficient, and less costly for both employers and employees. Let’s take a look at some of the pitfalls and how to effectively avoid them.

More Trending

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UK sanctions two Russian insurers for enabling the shadow fleet

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post UK sanctions two Russian insurers for enabling the shadow fleet appeared first on Insurance Marine News.

Marine 59
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CrowdStrike Falls After Disappointing Earnings Outlook

Insurance Journal

CrowdStrike Holdings Inc. issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that the cybersecurity company has recovered from a flawed update that crashed computers around the world.

Cyber 262
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How to Generate High-Quality ACA Insurance Leads

PSM Brokerage

How to Generate High-Quality ACA Insurance Leads In the world of ACA insurance , building a steady stream of leads is critical to growing your business. But lets face itlead generation can feel like a constant tug-of-war between cost and quality. The good news? You dont need a Fortune 500 budget to generate high-quality ACA leads. With a bit of creativity, strategy, and the right tools, you can fill your pipeline with prospects who are ready to convert.

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Walmart, World’s Biggest Retailer, Will Curb Diversity Efforts

Insurance Journal

Walmart Inc. is reversing course on diversity, equity and inclusion initiatives, joining a growing list of businesses retreating on DEI programs targeted by conservative activists.

Liability 258
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Marine round-up : 27th November 2024

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 27th November 2024 appeared first on Insurance Marine News.

Marine 52
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AI Used for Good and Bad — Like Making Trickier Malware, Says Report

Insurance Journal

While the insurance industry is quickly adopting AI technologies to improve the speed and accuracy of routine functions, analyze data and assess risk, malicious actors use the same tech to disrupt business and profit from cyberattacks.

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Australian protest stops ship arriving at New South Wales port; 170 arrested

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Australian protest stops ship arriving at New South Wales port; 170 arrested appeared first on Insurance Marine News.

Marine 52
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Ransomware Hits Supply Chain Software Firm Blue Yonder

Insurance Journal

Blue Yonder, a provider of supply chain software to manufacturing, logistics, and retail customers said it has been working “around the clock” to address disruptions caused by a ransomware incident.

Cyber 249
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More than 300 port infrastructure strikes in Ukraine since July 2023

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post More than 300 port infrastructure strikes in Ukraine since July 2023 appeared first on Insurance Marine News.

Marine 52
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Ohio Man Sentenced in $229K Insurance Fraud Scheme

Insurance Journal

An Ohio man was sentenced to five years in prison and ordered to pay restitution for filing 24 fraudulent claims with multiple insurance companies, totaling more than $229,000, the Ohio Department of Insurance announced.

Insurance 242
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Chinese resources deployed to prevent pollution from heavy lift carrier

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Chinese resources deployed to prevent pollution from heavy lift carrier appeared first on Insurance Marine News.

Marine 52
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Kansas Commissioner Schmidt to Serve as NAIC Midwest Zone Chair

Insurance Journal

Kansas Insurance Commissioner Vicki Schmidt will be serving as the Midwest Zone Chair for the National Association of Insurance Commissioners (NAIC) in 2025. Committee assignments will be announced in January of 2025.

Insurance 240
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BIMCO unpacks new FuelEU Maritime clause

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post BIMCO unpacks new FuelEU Maritime clause appeared first on Insurance Marine News.

Marine 52
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Disney Settles Suit Over Women’s Pay for $43 Million

Insurance Journal

Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs’ lawyers said in a statement on Monday.

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Five people found alive a day after yacht sank in Red Sea

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Five people found alive a day after yacht sank in Red Sea appeared first on Insurance Marine News.

Marine 52
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Texas Public Utility Commission Releases Report on CenterPoint Energy’s Beryl Response

Insurance Journal

When Hurricane Beryl swept through southeast Texas on July 8, its damaging 80-mile-per-hour winds took down thousands of trees and knocked out much of the electricity system. More than 2.

Damage 239
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Sweden seeks return of Yi Peng 3

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Sweden seeks return of Yi Peng 3 appeared first on Insurance Marine News.

Marine 52
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EU Proposes to Sanction Chinese Firms Aiding Russia’s War

Insurance Journal

The European Union is proposing to sanction several Chinese firms that it claims helped Russian companies develop attack drones that were deployed against Ukraine.

Claim 236
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Verbeeck named new chair at Britannia

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Verbeeck named new chair at Britannia appeared first on Insurance Marine News.

Marine 52
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EU Seeks to Streamline ESG Regulations Amid Growing Backlash

Insurance Journal

The next European Commission will urgently seek to streamline the bloc’s many environmental, social and governance rules, as it responds to complaints that excessive regulations are gutting industry competitiveness.

Insurance 223
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Marsh accused of deceit as fight over Greensill fallout intensifies

Elmore

White Oak’s new claims hinge on communications indicating concerns at Marsh over failed firm’s credit insurance provider The post Marsh accused of deceit as fight over Greensill fallout intensifies appeared first on Elmore Insurance Brokers.

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DHL Cargo Plane Crashes Near Vilnius Airport, Killing One

Insurance Journal

A DHL cargo plane flying from Germany to Lithuania crashed close to Vilnius Airport, killing a crew member and injuring three others, according to police.

Insurance 223
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Maximizing Your ACA Sales During Open Enrollment: Proven Strategies for Success

PSM Brokerage

Open Enrollment is the Super Bowl of ACA sales—a high-stakes, fast-paced period where agents have a golden opportunity to grow their business. But with so many competing priorities and the limited time frame, it’s crucial to have a clear plan of action to optimize your success. Whether you’re a seasoned agent or new to the ACA market, these proven strategies can help you stand out, close more sales, and make the most of Open Enrollment. 1.

Agents 52
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Truliant Insurance Acquires Atkins & Associates in Greenville, South Carolina

Insurance Journal

Truliant Federal Credit Union and its Truliant Insurance subsidiary has acquired Atkins & Associates Insurance Agency in Greenville, South Carolina, expanding the firm’s presence in the Southeast. Atkins has been in operation for 16 years. Tory Atkins is principal.

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How to Generate High-Quality ACA Insurance Leads Without Breaking the Bank

PSM Brokerage

Generating Affordable High-Quality ACA Insurance Leads In the world of ACA insurance , building a steady stream of leads is critical to growing your business. But let’s face it—lead generation can feel like a constant tug-of-war between cost and quality. The good news? You don’t need a Fortune 500 budget to generate high-quality ACA leads. With a bit of creativity, strategy, and the right tools, you can fill your pipeline with prospects who are ready to convert.

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Oak Reinsurance Gets Permission From Lloyd’s to Begin Underwriting in January

Insurance Journal

Oak Reinsurance (OAK Re), the London-based reinsurance company, announced that its Lloyd’s Syndicate 2843 has received permission to begin underwriting business incepting from Jan. 1, 2025. This follows the approval in principle that was received in September 2024.

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10 Must-Have Tools Every ACA Agent Needs to Streamline Their Business

PSM Brokerage

Essential Tools Every ACA Agent Needs to Optimize Their Business As an ACA agent , you’re juggling client relationships, compliance requirements, and sales goals—all while trying to maximize your efficiency and profits. The right tools can make your life infinitely easier, giving you more time to focus on what you do best: helping clients. Whether it’s streamlining communication or simplifying enrollment, investing in the right tools can turn your business into a well-oiled machine.

Agents 52
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Striking Charlotte Airport Workers Could Affect Travel Plans This Week

Insurance Journal

Service workers at Charlotte Douglas International Airport, one of the nation’s busiest, went on strike this week just as the heaviest travel period of the year kicks off.