Thu.Oct 31, 2024

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Lemonade Remains in the Red With $68M Loss in Q3

Insurance Journal

Insurtech Lemonade reported a third quarter 20243 net loss of nearly $68 million and a year-to-date loss of $172.2 million. Results were in comparison to a net loss of $61.5 during the same quarter and a loss of $194.

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2024 National Flood Insurance Program Proof of Loss for Building and Contents

Property Insurance Coverage Law

The current version of the National Flood Insurance Program Proof of Loss for Building and Contents is available at the below link. THIS FORM IS ONLY ACCESSIBLE USING FIREFOX. You read that correctly; for some reason, you cannot access the form online using Google Chrome, Safari or Microsoft Edge. You MUST use Firefox. [link] The … The post 2024 National Flood Insurance Program Proof of Loss for Building and Contents appeared first on Property Insurance Coverage Law Blog.

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Landmark Admin Reports Data Breach, Exposing 800,000 Users’ Information

Insurance Journal

Landmark Admin filed a notice of data breach last week after detecting suspicious activities on its system in May.

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Pacific Coast Association of Public Insurance Adjusters 2024 Annual Meeting – Public Adjuster Associations Are Important

Property Insurance Coverage Law

The Pacific Coast Association of Public Insurance Adjusters (PCAPIA) will hold its 2024 Annual Meeting on November 11 and 12 in Marina Del Rey. I know some public adjusters are wondering if the “P” was simply added to the California Association of Public Insurance Adjusters (CAPIA). It was. Those Californians decided to be more inclusive and invited … The post Pacific Coast Association of Public Insurance Adjusters 2024 Annual Meeting – Public Adjuster Associations Are Important appeared f

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Louisiana DuPont Plant Fined $480K for Releasing Cancer-Causing Chemical

Insurance Journal

RESERVE, La. (AP) — A chemical manufacturing plant west of New Orleans has agreed to pay a $480,000 federal fine and install equipment to stop the release of a cancer-causing chemical from a storage tank and pipe.

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The Importance of Story Telling in Marketing Final Expense Insurance

Final Expense Brokerage

Oct 18, 2024 1:43:42 PM Contact Us Share: Learn how to captivate you clients with strong story telling. Selling final expense insurance goes beyond policies and payouts; it’s about providing families with a sense of security during challenging times when emotions run high, and decisions are difficult. Storytelling plays a key role in helping insurance agents form strong emotional connections with clients on a personal level.

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Panama Canal numbers beat budget

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Panama Canal numbers beat budget appeared first on Insurance Marine News.

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Markets/Coverages: Howden Launches Cyber Solution With Chubb, LSM and Mosaic

Insurance Journal

Howden, the London-based insurance intermediary group, announced the launch of Howden Safe+, a cyber insurance solution aimed at clients with revenues between $250 million and $2 billion.

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Massachusetts approves SouthCoast Wind Farm plans

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Massachusetts approves SouthCoast Wind Farm plans appeared first on Insurance Marine News.

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Clear Group Acquires UK Broker A-One Insurance Group

Insurance Journal

The Clear Group, the London-based independent insurance broker, announced the acquisition of A-One Insurance Group (A-One), a major commercial insurance broker in the south of England. Financial details of the transaction were not disclosed.

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Blog Post: Data-Driven Insights: The Key to Winning Cases

LexisNexis

By Madison Johnson, Esq. | Marketing Manager Legal analytics has now become table stakes for litigation, with roughly seven in 10 legal professionals at law firms of various sizes using them in 2024, according to Lex Machina’s most recent The Impact of Legal Analytics survey. Moreover, the survey found that 100% of legal analytics users say they are valuable and a record-high 80% say they are now either “required” or “somewhat expected” by their clients.

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Texas Pharmacy Owner Sentenced in $41M Health Insurance Fraud

Insurance Journal

A Dallas pharmacy owner who routinely billed insurance companies for headache sprays, pain creams, and scar creams never dispersed to patients was sentenced last week to 10 years in federal prison, announced U.S.

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Oil spill during bunkering operation off Singapore is stemmed

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Oil spill during bunkering operation off Singapore is stemmed appeared first on Insurance Marine News.

Marine 105
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Judge Affirms $16.7K in OSHA Penalties Against New York Roofing Contractor

Insurance Journal

An administrative law judge has ordered a Rochester, New York commercial roofing company to pay $16,782 in penalties for safety violations, after an investigation and litigation by the federal government. The company, Elmer W. Davis Inc.

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Effect of EU Deforestation Regulation on traders and operators

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Effect of EU Deforestation Regulation on traders and operators appeared first on Insurance Marine News.

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Spain Declares Three Days of Mourning as Storms Kill More Than 90

Insurance Journal

Spain declared three days of mourning as heavy rains killed more than 90 people, in what is already one of the country’s worst-ever natural disasters.

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Solo Creed confirmed as arrested in Angola

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Solo Creed confirmed as arrested in Angola appeared first on Insurance Marine News.

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Purdue Pharma Nears New Bankruptcy Deal With Sacklers, Mediator Says

Insurance Journal

Purdue Pharma is close to a new bankruptcy settlement with its owners, members of the wealthy Sackler family, and state and local governments that have filed lawsuits alleging that its painkiller OxyContin spurred a deadly opioid-addiction crisis in the U.S.

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Passenger on cruise ship died amid Force 11 winds, says MAIB interim report

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Passenger on cruise ship died amid Force 11 winds, says MAIB interim report appeared first on Insurance Marine News.

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Abbott, Reckitt Score First Victory in Baby Formula Trial

Insurance Journal

Abbott Laboratories and a unit of Reckitt Benckiser Group Plc were cleared by a jury over claims they hid risks their premature-infant formulas can cause a bowel disease that severely sickened a baby boy.

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Shipbroker settles for $380,000 after failing to disclose voyage restrictions, sparking arbitration dispute

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Shipbroker settles for $380,000 after failing to disclose voyage restrictions, sparking arbitration dispute appeared first on Insurance Marine News.

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Jaywalking Is Now Legal in New York City. It’s Still Risky.

Insurance Journal

Jaywalking — that time-honored practice of crossing the street outside of the crosswalk or against the traffic light — is now legal in New York City.

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How to prevent employee theft: 6 tips business owners should know.

Frankenmuth Insurance

Did you know? One of the biggest threats to your small business isn’t an external factor, but an internal one. Employee theft accounts for some of the highest losses among small business owners every year. It’s a shocking fact, but it’s also one that can be reduced. Follow these six tips to prevent employee theft and protect your small business. Perform a background check.

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‘Pivotal’ Q3 Sees Insurtech Root Achieves Net Income Profit for the First Time

Insurance Journal

For the first time in the company’s history, Root Inc. recorded a quarterly net income profit.

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THE TOP 5 WAYS TO GET A PROSPECT TO OPEN UP

Rough Notes

Seizing the opportunity to learn pain points and figure out how you can truly help When you actually provide that cure and continue to keep them from falling “ill” again, you are in a great position to have a client for a long time.

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New York Reduces Workers’ Compensation Assessment Rate for 2025

Insurance Journal

New York employers will pay 22% less in the annual assessment to run the state’s workers’ compensation system in 2025. The rate assessed on standard premiums will be 7.1% beginning January 1, 2025, down from 9.2% in 2024.

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5 Strategies to Help Insurance Agents Win Over New Clients

Word & Brown

Whether you’re new to insurance sales or you’ve been at it for years, no matter how many customers you have, an ongoing challenge is attracting and retaining new customers. Below are five strategies to help you. 1: Engage in Active Listening If you take the time to get to know your clients, you will gain a better understanding of their needs. Ask questions.

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Los Angeles County Sues PepsiCo and Coca-Cola Over Plastic Pollution

Insurance Journal

Los Angeles County has sued beverage makers PepsiCo and Coca-Cola, accusing them of polluting the most populous U.S. county with plastic bottles and misleading the public about the environmental impact and recyclability of their containers.

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Thriving Amidst Challenges: Mastering Efficiency and Innovation in the Insurance Industry

Agency Revolution

The insurance industry is in a state of rapid transformation, with insurance agencies striving to keep pace with evolving client expectations and a highly competitive market. Navigating these challenges can seem daunting, but they also offer a unique opportunity to reimagine traditional approaches and embrace innovative strategies. By exploring new solutions and refining existing practices, insurance agencies can position themselves for sustained success and growth.

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Federal Court Upholds New York’s Ban on Guns in Sensitive Places

Insurance Journal

A recent Supreme Court decision doesn’t mean New York can’t enforce laws banning firearms from “sensitive” places such as public transportation, hospitals and schools, a federal appeals court said last week, repeating findings it made a year ago.

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Key Strategies for Protecting Your Collection

Distinguished

What you should share with the insurance company to help save on cost without compromising coverage. Paint a picture – it’s more than just what’s on the application. Tell us about your mission, origins, building, collection’s basis, exhibitions, staff, and what makes your institution unique. Inventory Management: how often is your inventory updated, how is it monitored, is it spread over multiple locations, how much of it is owned by the institution vs. in or out on loan Additional Protect

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Companies Are Dropping the D or E From DEI to Avoid Criticism

Insurance Journal

After a backlash against DEI programs by conservative activists, a majority of executives in a new survey said that their companies have changed how the initiatives are described with reduced emphasis on racial diversity.

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Blog Post: Product Spotlight: Using Dashboards to Benchmark Legal Spend

LexisNexis

Benchmarking outside counsel hourly rates from one law firm to another provides beneficial insights for general and legal operations professionals who want to better drive legal spend strategy. The LexisNexis® CounselLink® 2024 Trends Report: Dynamics Shaping the Future of Legal indicated that law firm partner rates marked a steady climb in the last four years.

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Typhoon Kong-Rey Hits Taiwan as Shanghai Braces for Downpour

Insurance Journal

Typhoon Kong-Rey made landfall in Taiwan packing dangerous winds, with Shanghai bracing for the heaviest November rain burst since 1981 as the large storm tracks toward mainland China.

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