Sun.Jul 06, 2025

article thumbnail

A Majority of Companies Are Already Feeling the Climate Heat

Insurance Journal

Climate change is already having an impact on companies around the world.

147
147
article thumbnail

Understanding Modified Endowment Contracts: A Comprehensive Guide for Retirement Planning

The Insurance Pro

When exploring cash value life insurance as part of your retirement strategy, you'll likely encounter the term “Modified Endowment Contract” or MEC. While often viewed as something to avoid, MECs aren't necessarily bad—they're simply different, with unique tax characteristics that may actually benefit certain financial situations. This comprehensive guide will help you understand what MECs.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Oklahoma Expands Second Pilot Launch of Fortified Grants Program

Insurance Journal

The Oklahoma Insurance Department said that it has expanded its second pilot launch of OKReady, a program that allocates up to $10,000 in grant funds to residents to strengthen homes to the IBHS Fortified standard.

Insurer 130
article thumbnail

American Club reports “steady progress”

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post American Club reports “steady progress” appeared first on Insurance Marine News.

59
article thumbnail

Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

article thumbnail

Insurance Industry Rejects Proposed Moratorium on State Artificial Intelligence Regulation

Insurance Journal

By Chad Hemenway A proposed decade-long moratorium on state regulation of artificial intelligence has gained the attention of many, including those within the insurance industry.

More Trending

article thumbnail

Study Examined Liability Insurance for Adult Family Homes in Washington

Insurance Journal

A report submitted to the Washington State Legislature examines the state of the liability insurance market for adult family homes in Washington, finding the market to be largely sustainable—but it does provide suggestions for increasing the appeal of AFHs to …

147
147
article thumbnail

Syndicate Results 2023 No 67 – 4711 Aspen

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Syndicate Results 2023 No 67 – 4711 Aspen appeared first on Insurance Marine News.

52
article thumbnail

AM Best: US P/C Industry Records $1.1B Underwriting Loss for Q1

Insurance Journal

Growth in net earned premiums during the first three months of 2025 was offset by losses and expenses, resulting in a $1.1 billion net underwriting loss for the U.S. P/C industry.

article thumbnail

Trump’s giant legislative package contains significant shipbuilding provisions

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Trump’s giant legislative package contains significant shipbuilding provisions appeared first on Insurance Marine News.

52
article thumbnail

Take the Hassle Out of Claims Management

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

article thumbnail

The Art of Storytelling in Insurance: How to Make Technical Topics Engaging and Relatable

Insurance Journal

When was the last time you watched someone’s eyes light up when you mentioned policy exclusions, aggregate limits, or automated underwriting? Here’s the thing–insurance is fundamentally about stories.

article thumbnail

Nigeria launches first domestic container shipping line

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Nigeria launches first domestic container shipping line appeared first on Insurance Marine News.

59
article thumbnail

Insurance Sector Should Be on the Lookout for ‘Scattered Spider’ Hackers

Insurance Journal

By Chad Hemenway Watch out, insurance industry. A well-known cybercrime group appears to have shifted focus to insurers. Apparently, recent cybersecurity incidents at Erie Insurance, Philadelphia Insurance Cos., and Aflac are indicative of a trend.

article thumbnail

Mayor of Nice tells RCL cruise ship to “get out of here”

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Mayor of Nice tells RCL cruise ship to “get out of here” appeared first on Insurance Marine News.

59
article thumbnail

US Homeowners Insurance Rates Rose 40.4% in Six Years: Report

Insurance Journal

U.S. homeowners insurance rates rose 40.4% over the past six years, with the biggest increases hitting in the last two years, a new report shows.

article thumbnail

NewNew Polar Bear captain appears in Hong Kong court

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post NewNew Polar Bear captain appears in Hong Kong court appeared first on Insurance Marine News.

59
article thumbnail

Verisk: Q1 Claims Volume Hits 5-Year Low but Severity Up on Wildfire Losses

Insurance Journal

By Ezra Amacher The first three months of 2025 brought devastating wildfires to California, significant wind and hail events to Texas, and substantial increases in tornado activity to “Tornado Alley,” but claim volume decreased to a five-year low, according to …

Claim 130
article thumbnail

Tanker’s officers appear in Singapore court after crew member’s death

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Tanker’s officers appear in Singapore court after crew member’s death appeared first on Insurance Marine News.

59
article thumbnail

US Commercial Lines Prices Up 5.3%, Continue Downward Trend: WTW CLIPS

Insurance Journal

U.S. commercial insurance rates went up again in first-quarter 2025, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate price increase of 5.

article thumbnail

Bulk carrier attacked 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 Bulk carrier attacked in Red Sea appeared first on Insurance Marine News.

59
article thumbnail

Racketeering Suit Alleges NY Insurance Fraud Scheme by Lawyers, Medical Providers

Insurance Journal

A New York specialty insurance managing underwriter for contractors and construction risks has sued a New York City personal injury law firm and dozens of medical providers, alleging a wide-ranging scheme to defraud insurers through staged construction accidents and fraudulent …

Injury 130
article thumbnail

Dubai emphasizes proper use of AIS

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Dubai emphasizes proper use of AIS appeared first on Insurance Marine News.

52
article thumbnail

Wildfire Season Preview: Rest of 2025 Is High-Risk, May Follow LA Wildfires Paradigm

Insurance Journal

Following the “paradigm-shifting” Los Angeles wildfires in January, the 2024-2025 wildfire season will be remembered as a turning point for the insurance industry, and a warning that “wildfire is no longer a seasonal or rural phenomenon,” a new outlook asserts.

Risk 130
article thumbnail

APCIA Warns Michigan Auto Insurance Bill Could Destabilize Market

Insurance Journal

By Ezra Amacher A Michigan lawmaker has proposed legislation that would mandate auto insurance premium reductions of at least 10% on any new or renewed policy, a bill that the American Property Casualty Insurance Association (APCIA) says would destabilize the …

article thumbnail

Public Adjusters Decry Florida Citizens’ New Plan That Keeps Their Names Off Checks

Insurance Journal

In the long conflict between insurance carriers and public claims adjusters, Florida’s Citizens Property Insurance Corp. has altered the rules of engagement in a way that could have a big impact on some adjusters’ livelihood.

article thumbnail

People Moves: WCIRB Names Sanders Chief Customer Operations Officer

Insurance Journal

The Workers’ Compensation Insurance Rating Bureau of California named Eric Sanders senior vice president and chief customer operations officer. Sanders will oversee the WCIRB’s customer experience, marketing and communications, classification and test audit, contact center and human resources functions.

147
147
article thumbnail

Connecticut Crumbling Foundation Insurer Seeks $100 Million

Insurance Journal

By Andrew G. Simpson The state-created captive insurer handling Connecticut homeowners’ claims for crumbling foundations is in line for another $100 million in bond funding in the biennial budget now awaiting Gov. Ned Lamont’s approval.

Insurer 130
article thumbnail

Top Non-Salary Factors Motivating Insurance Professionals to Seek New Jobs in 2025

Insurance Journal

Changing careers ranks right up there with some of life’s biggest decisions–it’s not something people take lightly. Every year, my team connects with thousands of insurance professionals who are exploring the job market.

Insurer 130
article thumbnail

Big I Celebrates Continued Tax Deduction for Many Independent Agents

Insurance Journal

The Independent Insurance Agents & Brokers of America (Big “I”) last Thursday celebrated the passage of the “One Big Beautiful Bill.” “The Big ‘I’ would like to thank the U.S.

162
162
article thumbnail

Insuring Green Energy: Data Centers, Overloaded Power Grids, Global Push for Transformation Keep Green Energy in the Spotlight

Insurance Journal

By Andrea Wells Renewable energy is growing in the U.S. In fact, wind and solar energy generated more electricity in the U.S. than coal for the first time ever in 2024.

Insurer 130
article thumbnail

Building Tech-Ready Teams: How agencies are seeking out new skill sets to embrace technology

Insurance Journal

Insurance professional across the country know how to adapt. From rising catastrophic weather events to shifting carrier appetites and increased regulatory and legal complexity, today’s market is putting more pressure–and more work–on leaders nationwide.

Building 130
article thumbnail

People & Places

Insurance Journal

National Starwind Specialty Insurance Services named Graham Jenks the president of JH Blades Group, which encompasses JH Blades Energy, JH Blades Marine, Southern Marine, and Energy Technical Underwriters.

130
130
article thumbnail

Agents Must Take the Lead on Personal Cyber Coverage, Report Says

Insurance Journal

By Jahna Jacobson While major corporate cyber hacking makes the news nearly every day, what about hackers in homes? As personal lives and residences become more intertwined with the internet, consumers are at greater risk of personal cybercrime.

Cyber 130