Tue.Jan 07, 2025

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Musk’s Massive Tesla Lithium Plant Hunts for Water in Drought-Hit Texas

Insurance Journal

Twenty miles outside Corpus Christi, Texas an area so dry the local water company distributes shower timers at high school football games the world’s richest man is nearly done building a lithium refinery that could require as much …

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Want to Win a Hailstorm Damage Lawsuit? Hire The Right Experts and Establish a Theory of Loss Before Filing a Lawsuit

Property Insurance Coverage Law

Insurance companies denying hail damage claims are repeat players in the litigation arena. The lawyers and experts they choose to defend these denials are as well. This post will provide more insight and lessons as a grand finale to Policyholders and Public Adjusters Often Need to Hire Their Own Experts, and Policyholders and Public Adjusters … The post Want to Win a Hailstorm Damage Lawsuit?

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Exxon Sues California AG, Environmental Groups Over ‘Smear’

Insurance Journal

Exxon Mobil Corp. filed a lawsuit alleging that California Attorney General Rob Bonta and several environmental groups made defamatory comments about the oil company’s ability to recycle plastic.

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CMS to End VBID Model in 2025: What It Means for Medicare Advantage Plans and Agents

PSM Brokerage

The Centers for Medicare & Medicaid Services (CMS) recently announced the termination of the Medicare Advantage (MA) Value-Based Insurance Design (VBID) model, set to end on December 31, 2025. While the VBID model brought innovative strategies to improve care quality and access for Medicare beneficiaries, its substantial costs to the Medicare Trust Funds ultimately led to this decision.

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Streamline Insurance Claims Management By Analyzing Legal Trends

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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Winter Storm Brings Heaviest Snowfall in a Decade to Central U.S.

Insurance Journal

A blast of snow, ice, wind and plunging temperatures stirred up dangerous travel conditions in parts of the central U.S as a disruptive winter storm brought the possibility of the heaviest snowfall in a decade to some areas.

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1 Killed in Large Avalanche in Western Wyoming

Insurance Journal

An avalanche killed one skier and injured another after the group they were in triggered the large snowslide while ascending a mountain in western Wyoming.

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Schneider Electric™ Recalls 1.4 Million Electrical Panels: What Property Owners Need to Know

McMahon Insurance Agency

Schneider has recalled 1.4 million electrical panels due to overheating risks. Learn how to identify affected units, the steps to take, and more.

Risk 52
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MarketScout: 2024 Composite Personal Lines Rates Up 5.8%; Commercial Rates Up 3.8%

Insurance Journal

According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased about 5.8% in 2024 the highest yearly jump in a dozen years.

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Top Spring Hazards Homeowners Must Prepare For

McMahon Insurance Agency

Key Takeaways Spring brings unpredictable weather, including thunderstorms and flooding, which can pose significant risks to your home, including power […]

Risk 52
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Old Republic Starts New Company for Cyber, Tech E&O

Insurance Journal

Old Republic International Corp. said it is forming a new subsidiary for cyber and technology errors and omissions insurance products. Old Republic Cyber Inc. will be led by CJ Pruzinsky, formerly of Resilience.

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Blog Post: Pennsylvania Lawmakers Amend UCC and Securities Statutes

LexisNexis

By Eric Geringswald | CSC Updates to Pennsylvanias UCC for Digital Assets Pennsylvania lawmakers approved significant changes to the states Uniform Commercial Code (UCC) in 2024. These changes establish rules and procedures for transactions involving digital assets, referred to as controllable electronic records. These records may include cryptocurrency and non-fungible tokens (NFTs).

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Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers

Insurance Journal

Reinsurance buyers generally found ample capacity during the January renewals as well as increased reinsurer appetite, which led to risk-adjusted rate reductions and improved terms and conditions for clients that could demonstrate differentiated strategies, reinsurance brokers Aon, Gallagher Re and …

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Electronic Bunker Delivery Notes (eBDNs) in Singapore

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Electronic Bunker Delivery Notes (eBDNs) in Singapore appeared first on Insurance Marine News.

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Moody’s Global P/C Outlook Now Stable Despite Past-Peak Commercial Pricing

Insurance Journal

Moody’s Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. and UK as a reason for the upgrade.

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Mexico delays cruise ship tax, exempts wheat from tariffs

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Mexico delays cruise ship tax, exempts wheat from tariffs appeared first on Insurance Marine News.

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Artificial Intelligence Energy Demand Is Driving Climate Tech Investing

Insurance Journal

Energy startups have overtaken the makers of electric cars and batteries as the top global climate tech investment for the first time since 2020.

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Civil claim makes Eagle S departure from Finland even more unlikely

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Civil claim makes Eagle S departure from Finland even more unlikely appeared first on Insurance Marine News.

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Viewpoint: Innovation Enhances Brokers’ Growth and Profits

Insurance Journal

Boosting growth and profitability is a goal for all U.S. insurance agents and brokers, but until recently that has been easier to assert than to achieve consistently.

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Chinese freighter suspected of severing telecom cable off Taiwan

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Chinese freighter suspected of severing telecom cable off Taiwan appeared first on Insurance Marine News.

Marine 52
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Asian American Venture Capitalist Accuses PayPal of Racial Bias in Minority Program

Insurance Journal

PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars.

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Guidelines for the safe carriage of charcoal in containers

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Guidelines for the safe carriage of charcoal in containers appeared first on Insurance Marine News.

Marine 52
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NHTSA Probing About 2.6M Tesla Vehicles Over ‘Actually Smart Summon’ Feature

Insurance Journal

The U.S. National Highway Traffic Safety Administration said on Tuesday it had opened a probe into about 2.6 million Tesla vehicles after reports of some crashes linked to its “Actually Smart Summon” driverless feature.

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FSG Shipyards gets stopgap finance from German state

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post FSG Shipyards gets stopgap finance from German state appeared first on Insurance Marine News.

Marine 52
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AM Best Removes Negative Implications on Oklahoma’s Sutton National

Insurance Journal

AM Best has removed under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Sutton Specialty Insurance Company (SSIC) and Sutton National Insurance Company (SNIC), which …

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US plans further wave of Russian vessel sanctions

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US plans further wave of Russian vessel sanctions appeared first on Insurance Marine News.

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Agency Network Renaissance Acquires Consolidated Insurance Agents in Buffalo

Insurance Journal

Independent insurance agency network Renaissance reports it has has acquired the agency network business of Consolidated Insurance Agents Inc. (CIA), an agency network based in Buffalo, New York.

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Protest in Côte d’Ivoire over infamous ammonium nitrate cargo

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Protest in Cte dIvoire over infamous ammonium nitrate cargo appeared first on Insurance Marine News.

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Mercury to Return to Paradise California as Rebuilding Efforts Gain Momentum

Insurance Journal

Mercury Insurance announced this week that the company will begin writing new homeowners insurance policies in the town of Paradise, California.

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China’s COSCO Holdings designated a military company by US

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Chinas COSCO Holdings designated a military company by US appeared first on Insurance Marine News.

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Ryan Specialty to Acquire Nashville-Based Velocity Risk Underwriters MGU

Insurance Journal

Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year.

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China’s Shandong Port bans vessels that US Treasury has designated

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Chinas Shandong Port bans vessels that US Treasury has designated appeared first on Insurance Marine News.

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China Says 32 People Killed, 38 Hurt as Earthquake Hits Tibet

Insurance Journal

China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western region of Tibet. The epicenter of the magnitude 6.8 quake that hit around 9:05 a.m.

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Creating an Effective Workflow: From Prospecting to Follow-Up

PSM Brokerage

Streamlining Your Insurance Sales A structured sales process is the backbone of any successful insurance business. By streamlining workflows, agents can save time, convert more prospects, and retain clients for the long haul. This guide breaks down an efficient workflow for insurance agents, covering every stage from prospecting to follow-up, with actionable tips to implement immediately.

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