Fri.Oct 25, 2024

article thumbnail

Mississippi River Dries Up Again at Worst Time for US Farmers

Insurance Journal

The Mississippi River is suffering from low waters for the third straight autumn, a crucial time of year when American farmers rely on the route to deliver their crops to the world.

287
287
article thumbnail

The Ongoing Issue of Field Adjuster Independence: Why Xactimate and Florida’s Emergency Rule are at Odds with Policyholders’ Interests

Property Insurance Coverage Law

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, I’ve discussed the conflict between Xactimate’s … The post The Ongoing Issue of Field Adjuster Independence: Why Xactimate and Florida’s E

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Big I Illinois Announces Annual Awards

Insurance Journal

Big I Illinois, an association representing Trusted Choice® independent insurance agents throughout the state, presented awards to top agents and agencies during the association’s annual convention and 125th Anniversary Celebration held in Peoria, October 15-17, 2024.

article thumbnail

Building Cyber Resiliency Amidst the Ever-Evolving Threat Landscape

Zywave

Join Adam Malone, Global Head, Acute Events in the Cyber Risk practice at Kroll, and Zywave SVP, Jeff Cohen and a panel of experts for a one-hour webinar to discuss the evolution of cyber threats, best practices for building corporate resiliency, and how to avoid c-suite execs from declaring, “Why was our company so woefully unprepared for this cyber security breach?

Cyber 52
article thumbnail

Allianz Weighs Options for AllianzGI Unit: Sources

Insurance Journal

Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale.

269
269
article thumbnail

Dali’s owner and operator agree $102m federal settlement

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Dali’s owner and operator agree $102m federal settlement appeared first on Insurance Marine News.

Marine 52
article thumbnail

Texas Manufacturer Faces $257K Fine for Workers’ Injuries

Insurance Journal

Federal workplace safety investigators have determined that a Temple, Texas manufacturer and designer of school furnishings could have prevented an employee’s serious and permanent hand and arm injuries by installing required machine guards. Investigators with the U.S.

More Trending

article thumbnail

Arthur J. Gallagher & Co. Acquires UK Investment Consulting Firm Redington Ltd

Insurance Journal

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of London-based Redington Ltd. Terms of the transaction were not disclosed.

Broker 264
article thumbnail

Improved Commercial Auto Underwriting Profitability Expected After Years of Struggle

Triple-I: Business Insurance

The commercial auto insurance line has struggled to achieve underwriting profitability for years, even before the inflationary conditions that have been affecting property/casualty lines more recently. This trend has been accompanied by steady growth in net written premiums (NWP). This weakness in underwriting profitability has been driven by several causes, according to a new Triple-I Issues Brief.

article thumbnail

Boozy Work Parties May Be Over With New UK Harassment Law

Insurance Journal

Alcohol-fueled company events could become a thing of the past, as UK employers consider new rules that place an onus on firms to protect workers from sexual harassment or risk hefty damages claims.

Damage 264
article thumbnail

Top Reasons Your Home Insurance Premium Might Increase [2024]

TGS

TGS Insurance » Blog Top Reasons Your Home Insurance Premium Might Increase [2024] Owning a home is often a dream come true, but when that dreaded notice arrives in the mail—informing you that your home insurance premium has gone up—it can feel more like a nightmare. If you’re wondering why your premiums have spiked, you’re not alone. Homeowners frequently express surprise and frustration over these increases, especially when nothing on the surface seems to have changed.

article thumbnail

North Carolina Calculates Helene Damage at $58B, Far More than Florence

Insurance Journal

RALEIGH, N.C. (AP) — The catastrophic flooding and destruction caused by Hurricane Helene in western North Carolina likely caused at least a record $53 billion in damages and recovery needs, Gov. Roy Cooper’s administration said Wednesday.

Damage 264
article thumbnail

What Lies Ahead?: Top Insurtech Trends for 2025 and Beyond

InsuredMine

With only two months left in the year, we’re gearing up to kickstart 2025, and the insurance industry stands at a critical crossroads. The global protection gap—a measure of uninsured risk—looms large, projected to reach $1.86 trillion by 2025. This figure is more than just a number; it represents real people and businesses at risk of financial ruin.

Risk 52
article thumbnail

Texas Grid Chief Says Big Tech Must Pay More for Power Upgrades

Insurance Journal

Technology giants developing big artificial intelligence data centers in Texas will need to pay more for electricity infrastructure upgrades to prevent those costs from burdening households and other businesses, according to the state grid operator’s chief.

261
261
article thumbnail

What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

Introduction When it comes to safeguarding your business, selecting the right insurance policy is crucial. It can be quite a daunting task with so many options out there, and understanding each policy’s intricacies is essential for your peace of mind and financial wellbeing. Whether you’re a small local shop owner or running a bustling enterprise, asking the right questions helps ensure you’re adequately covered.

article thumbnail

FM Makes Third ‘Resilience Credit’ With $400M for Clients

Insurance Journal

Eligible commercial property insurance clients of FM will receive a share of $400 million in what the insurer calls a “resilience credit” to be put toward climate mitigation solutions.

article thumbnail

Blog Post: Major CA5 Victory: Francois v. Garland

LexisNexis

Francois v. Garland "Petitioner Alex Francois appeals the Board of Immigration Appeals (BIA)’s decision dismissing his appeal of the Immigration Judge (IJ)’s order denying withholding of removal and protection under the Convention Against Torture (CAT). Because the BIA also dismissed Francois’s motion to reconsider, he further petitions for review of the BIA’s denial of his motion to reconsider its dismissal order.

article thumbnail

Indian Court Tells Star Health to Share Details of Leak so Telegram Can Delete Chatbots

Insurance Journal

An Indian court in the southern state of Tamil Nadu has told insurer Star Health to help Telegram identify data leaked via its messaging app so the chatbots can be deleted.

Insured 262
article thumbnail

Blog Post: America's Largest Federal Employee Union Condemns "DHS Bureaucrat Watchlist"

LexisNexis

AFGE, Oct. 23, 2024 "The American Federation of Government Employees, the nation's largest union representing federal employees, strongly condemns the " DHS Bureaucrat Watchlist " released today by the far-right American Accountability Foundation. The watchlist was created through a grant by the Heritage Foundation, the authors of Project 2025.

45
article thumbnail

Harassment Claims Soar at City Firms in Wake of Odey Scandal

Insurance Journal

City firms reported a 72% surge in non-financial misconduct complaints over the last three years following a string of high-profile scandals including sexual harassment allegations leveled at hedge fund chief Crispin Odey.

Claim 259
article thumbnail

Sam’s Club Auto Insurance – Everything You Need to Know

Agency Height

Does Sam’s Insurance sell car insurance as well? Here’s everything you need to know about Sam’s Club auto insurance.

article thumbnail

Title Insurer Settles Kickback Charges With District for $500K

Insurance Journal

District of Columbia Attorney General Brian L. Schwalb reported that Universal Title will pay $500,000 after an investigation by his office found that the company was engaged in an illegal title insurance kickback scheme.

Insured 252
article thumbnail

Blog Post: Notice of Approval of New Credentialing Organization for Healthcare Workers for Certain Immigration Purposes

LexisNexis

Federal Register / Vol. 89, No. 207 / Friday, October 25, 2024 "The Department of Homeland Security (DHS or the Department), U.S. Citizenship and Immigration Services (USCIS) is issuing this document to inform the public of the approval of a new credentialing organization for certain health care workers for certain immigration purposes. DATES: USCIS approved the application from International Education Evaluations, LLC on October 25, 2024.

40
article thumbnail

Clear Group Acquires UK Broker Vision Insurance Services Ltd.

Insurance Journal

The Clear Group, the London-based independent insurance broker, announced it has acquired Vision Insurance Services Ltd, based in Bagshot, Surrey, UK. Financial details of the transaction were not disclosed.

Broker 239
article thumbnail

Philippines Races to Limit Storm Damage as Trami Keeps Strength

Insurance Journal

The Philippines is ramping up efforts to contain the devastation caused by severe tropical storm Trami, which has killed 25 people, affected millions and shut government offices for a third straight day on Friday. President Ferdinand Marcos Jr.

Damage 232
article thumbnail

US Gains $100M Settlement With Owner, Operator of Ship That Wrecked Key Bridge

Insurance Journal

The Singaporean corporations that owned and operated the cargo ship Dali have agreed to pay $101,980,000 to resolve a civil claim brought by the United States for costs related to the response to the catastrophic collapse of Baltimore’s Francis Scott …

Claim 179
article thumbnail

Q3 Net Income Up 18% at The Hartford

Insurance Journal

Third quarter 2024 net income at The Hartford improved about 18% compared to the same period a year ago despite $247 million in pretax catastrophe losses—$104 million from Hurricane Helene.

article thumbnail

Georgia County to Sue BioLab Over Chemical Fire and Toxic Fumes

Insurance Journal

CONYERS, Ga.