Mon.Sep 30, 2024

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Florida’s Heritage Stock Price Drops After ’60 Minutes’ Report on Adjusters

Insurance Journal

Just as Florida property insurers face another round of storm claims, CBS News has raised questions about alleged insurer fraud stemming from claims incurred in the last major storm – Hurricane Ian, which hit much of southwest Florida two years …

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CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management

Property Insurance Coverage Law

In a shocking exposé aired last night on CBS’s 60 Minutes, allegations of widespread insurance fraud by insurance companies following Hurricane Ian were exposed. The investigative report featured testimony from whistleblowers who claim that insurance companies deliberately altered hurricane damage reports to underpay homeowners, leaving many Floridians struggling to rebuild their lives in the wake … The post CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Alt

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Insured Losses Top $5B With Heavy Flooding But Few Covered by Flood Insurance

Insurance Journal

Estimates of insured losses from Hurricane Helene continue to range around $5 billion, not including flood insurance losses, as the death toll in the Southeast continued to rise, approaching 100 by Monday morning.

Insurance 283
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The Importance of Continuous Education in Final Expense Sales

Final Expense Brokerage

Sep 27, 2024 5:43:12 PM Contact Us Share: Keeping up with trends and industry regulations can make or break your insurance business. As an insurance agent specializing in final expense sales, the world around you is constantly evolving. Changes in market dynamics, client expectations, and regulatory requirements mean that staying stagnant isn’t an option if you want to succeed.

Agents 130
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EU Privacy Regulator Fines Meta €91M Over Password Storage in GDPR Violation

Insurance Journal

The lead European Union privacy regulator fined social media giant Meta 91 million euros ($101.5 million) on Friday for inadvertently storing some users’ passwords without protection or encryption.

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Leveraging Data and Analytics to Improve Final Expense Sales

Final Expense Brokerage

Sep 25, 2024 1:23:42 PM Contact Us Share: Drive your business expansion with data and analytics. In today’s competitive insurance landscape, final expense agents need every advantage they can get to stay ahead. One often underutilized tool is data and analytics. By leveraging data, agents can gain a better understanding of client behaviors, preferences, and demographics, allowing them to tailor their approach and increase their sales success.

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Thieves Hunting for Copper Are Vandalizing American EV Chargers

Insurance Journal

Rick Wilmer spends most of his work days at the office. But every so often, the chief executive officer of ChargePoint Holdings Inc.

Theft 289

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4.2 Magnitude Earthquake Hit California South of San Francisco

Insurance Journal

An earthquake registering magnitude 4.2 shook part of central California early Sunday, the United States Geological Survey confirmed. The earthquake was detected at 2:47 a.m. local time about 2 miles (3.2 kilometers) northwest of Aromas with a depth of 7.

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Emma Colbourn joins Trafalgar Marine Trades

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Emma Colbourn joins Trafalgar Marine Trades appeared first on Insurance Marine News.

Marine 105
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Acquisition of UK’s Specialist Risk Group Completed by Warburg Pincus and Temasek

Insurance Journal

Specialist Risk Group (SRG), the London-based specialist insurance intermediary, announced that its acquisition by Warburg Pincus, a global growth investor, and Temasek, the Singapore-based investment company, has been completed.

Risk 230
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Response to Chilean ferry grounding continues

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Response to Chilean ferry grounding continues appeared first on Insurance Marine News.

Marine 103
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What Testimony on Titan Submersible Disaster Revealed

Insurance Journal

Last year, five people hoping to view the Titanic wreckage died when their submersible imploded in the Atlantic Ocean. A Coast Guard panel that’s investigating the Titan submersible disaster heard two weeks of testimony that ended Friday.

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Cargo ship grounded in Indonesia following detection of leak

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cargo ship grounded in Indonesia following detection of leak appeared first on Insurance Marine News.

Marine 103
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New Orleans, DOJ Move to End Police Department’s Consent Decree

Insurance Journal

NEW ORLEANS (AP) — New Orleans and the U.S. Department of Justice filed a motion Friday in federal court to take steps to end long-standing federal oversight of the city’s police department.

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Container ship adrift in Bay of Biscay

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Container ship adrift in Bay of Biscay appeared first on Insurance Marine News.

Marine 103
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Cloudflare Denies Hosting Sites Linked to Data Leak at India’s Star Health

Insurance Journal

U.S. software firm Cloudflare has denied any role in hosting two websites run by a hacker offering for sale stolen personal data and medical records of customers of top Indian insurer Star Health.

Insured 223
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IMO Sec-Gen Dominguez opens MEPC 82

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post IMO Sec-Gen Dominguez opens MEPC 82 appeared first on Insurance Marine News.

Marine 96
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Boar’s Head Faces Legal Scrutiny Over Deadly Listeria Outbreak

Insurance Journal

Boar’s Head, the deli meat company at the center of a deadly listeria food poisoning outbreak, is being scrutinized by law enforcement officials, the U.S. Agriculture Department disclosed in response to government records requests.

Liability 218
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Blog Post: Did Elon Musk Violate U.S. Immigration Laws?

LexisNexis

Catherine E. Shoichet, CNN, Sept. 29, 2024 "At the 2013 event, the brothers also touched on a topic they’ve discussed less frequently in public: their immigration status during the company’s founding. In early 1996, their startup, an early online city guide and mapping tool, got a $3 million infusion from venture capitalists. The investors soon found themselves surprised, according to Kimbal Musk’s account captured in a video of the 2013 event posted on the Milken Institute’s YouTube page.

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Sanctioned Tanker With LNG Cargo Passes via Suez Canal, Data Shows

Insurance Journal

The Pioneer tanker, sanctioned by the United States over its links to Russia-sourced liquefied natural gas (LNG), has passed through the Suez Canal with an LNG cargo, LSEG data showed on Monday.

Risk 217
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THE BUSYNESS EPIDEMIC

Rough Notes

Why your team feels so busy and how it’s jeopardizing effectiveness “When you’re busy, you’re more likely to make poor time-management choices: taking on commitments you can’t handle or prioritizing trifling tasks over crucial ones.

Insured 59
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Southern Water’s Credit Risk at Record High Amid Thames Water Woes

Insurance Journal

Southern Water’s credit risk has soared to a record high in recent days as hedge funds scramble to protect themselves against the possibility of default at the UK water company.

Risk 216
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CREATIVE AT HEART AND GROUNDED IN TAKING ACTION

Rough Notes

Photography by Mission Specific Ventures Photography by Jim O’Dell, First Five Photography Photography provided by Kimiko Donahue Arizona agency-owner-turned-consultant goes from motorcycle racer to 3-Gun shooter to metal cover band vocalist inside careers By Christopher W.

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Judge Rules eBay Not Liable for Selling Harmful Products

Insurance Journal

A federal judge dismissed a U.S. Department of Justice lawsuit accusing eBay of violating environmental laws by allowing the sale of hundreds of thousands of harmful products on its platform, including pesticides and devices to evade motor vehicle pollution controls.

Liability 214
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THE RISK-REDUCTION REVOLUTION

Rough Notes

Helping property owners improve their risk profile with new tech and strategies By Maura Ciccarelli Protection from natural disasters and everyday emergencies like water leaks and electrical fires have always been top of mind for property owners.

Risk 59
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FCC Says It Has Reached $31.5 Million Settlement With T-Mobile Over Data Breaches

Insurance Journal

T-Mobile has reached a $31.5 million settlement to resolve a probe by the Federal Communications Commission into significant data breaches over three years that impacted tens of millions of U.S. consumers, the agency said on Monday.

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FRACTIONAL LEADERSHIP WORKS

Rough Notes

The Camargo Insurance team. Front row: Chris Owens, Insurance Advisor; Allison Watkins, Insurance Advisor; Jay Mueller, Chief Executive Officer; Janet Jansen, Chief Operating Officer; David Branch, Insurance Advisor.

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Real Estate MGA Ventis Launches in Ireland

Insurance Journal

Ventis, the London-based commercial and residential real estate managing general agent, has expanded into Ireland, continuing its mission to deliver client service and capacity to brokers in the underserved middle of the property market.

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9 Tips on How to Sell Group Dental Insurance

Word & Brown

One of the most popular ancillary products in the employee benefits marketplace is Dental insurance. According to research by the KFF, formerly known as the Kaiser Family Foundation, among employers offering insurance benefits in 2023, 90% of small firms and 94% of large firms offered a Dental program to workers. On its face, that could lead you to believe that there are few sales opportunities left for Dental.

Premium 52
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Marsh McLennan to Buy TIH’s McGriff Insurance for $7.75B

Insurance Journal

Marsh McLennan says it has a deal in place to acquire McGriff Insurance Services for $7.75 billion, funded by cash and debt financing. U.S. retail broker McGriff, an affiliate of private-equity backed TIH (formerly Truist Insurance Holdings), had $1.

Broker 214
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Early ice build-up closes East Arctic to sanctioned Russian LNG

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Early ice build-up closes East Arctic to sanctioned Russian LNG appeared first on Insurance Marine News.

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Hurricane Helene Halts Poultry Plants, Damages Pecan Trees

Insurance Journal

Hurricane Helene has halted chicken processing plant operations and caused severe damage to some flocks, while also downing pecan trees and flattening cotton crops, as floodwaters swamped the southern US.

Damage 199
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Cruise ship passengers say au revoir to Belfast

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Cruise ship passengers say au revoir to Belfast appeared first on Insurance Marine News.

Marine 52
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Tata iPhone Component Plant in India Halts Production Indefinitely After Fire

Insurance Journal

Production will remain suspended indefinitely at a Tata Electronics plant in southern India that makes Apple iPhone components after a fire at the weekend, officials said on Monday as they acted to prevent further damage from the blaze.

Damage 198
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Oregon offshore wind auction attracts little interest, so is postponed

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Oregon offshore wind auction attracts little interest, so is postponed appeared first on Insurance Marine News.

Marine 52
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Powerful Typhoon Krathon Forecast to Hit Taiwan’s Populated West Coast

Insurance Journal

Taiwan issued a land warning on Monday ahead of the arrival of Typhoon Krathon, which has strengthened into the equivalent of a Category 4 hurricane and is expected to cross the densely populated west coast bringing torrential rain and strong …

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Aircraft owners prepare for ‘mega trial’ in dispute with insurers over planes stuck in Russia

Elmore

AIG, Chubb and Lloyd’s of London among those facing multibillion-dollar claim The post Aircraft owners prepare for ‘mega trial’ in dispute with insurers over planes stuck in Russia appeared first on Elmore Insurance Brokers.