Thu.May 01, 2025

article thumbnail

AIG Q1 Underwriting Income More Than Halved on Wildfire Losses

Insurance Journal

American International Group (AIG) reported first quarter net income attributable to shareholders of $698 million, down 41.5% from the same period a year ago.

article thumbnail

Danish government looks to establish $1bn war risk programme

Splash: Finance and Insurance

The Danish government has announced plans to create a state-backed $1bn war risk programme for ships to be used in the event commercial insurance markets fail. The government said the insurance plan, due to be voted on in parliament later this year, was a timely precaution.

Risk 76
Insiders

Sign Up for our Newsletter

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

article thumbnail

Smarter Client Communication Starts Here: Transform Your Agency with EZLynx Email Content Assist

Insurance Journal

This post is part of a series sponsored by EZLynx. For independent agents, crafting the perfect emailwhether it’s for a new policyholder, a renewal reminder, or a marketing campaigncan be surprisingly time-consuming.

article thumbnail

Blog Post: New Michigan Business Tax Changes Now in Effect

LexisNexis

By Eric Geringswald | CSC Key Business Tax Changes in Michigan Michigan lawmakers approved changes to several of the states business tax statutes: Income tax on flow-through entity members The Department of Treasury may require reasonable proof from a taxpayer related to the allocated share of tax paid by a flow-through entity claimed for a credit under Section 206.675, the direct or indirect flow-through entities required to report under Section 839(1)(d), or any other information required by

Claim 52
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

People Moves: SmartChoice Chooses Caldwell as CEO; Griffin Promoted to Zurich US Head of Multinational Underwriting; Burns & Wilcox Names New York, Chicago Leaders

Insurance Journal

SmartChoice Names Caldwell CEO Smart Choice, headquartered in Greensboro, North Carolina, restructured its executive leadership, naming Andrew Caldwell as CEO, while founder Doug Witcher has transitioned to the chairman of the board role.

More Trending

article thumbnail

Florida Set to Be 2nd State to Ban Fluoride from Public Water Systems

Insurance Journal

TALLAHASSEE, Fla.

article thumbnail

Syndicate Results 2024 No. 21 Axis 1686

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 2024 No. 21 Axis 1686 appeared first on Insurance Marine News.

Marine 52
article thumbnail

Southern Specialty Rebrands, Names Roberts President

Insurance Journal

Southern Specialty Underwriters, with offices in Tampa and in Macon, Georgia, said it has rebranded to Arbour Specialty, an insurance broker in the Southeast. The company also named Rebecca Roberts as its new president.

article thumbnail

Crew abandonment an ongoing problem, says ILO

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Crew abandonment an ongoing problem, says ILO appeared first on Insurance Marine News.

Marine 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

Fired State Employees Breached the Personal Data of 33K More Texans

Insurance Journal

Texas Health and Human Services Commission late Wednesday began notifying another 33,529 recipients of state benefits that their private information had been improperly accessed.

130
130
article thumbnail

Iran seizes two ships: issues jail sentences in fuel smuggling crackdown

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Iran seizes two ships: issues jail sentences in fuel smuggling crackdown appeared first on Insurance Marine News.

Marine 52
article thumbnail

Ohio Eatery to Pay $125K Over Race Discrimination Lawsuit

Insurance Journal

Bennett Enterprises Inc., doing business as Ralphie’s Sports Eatery Company, will pay $125,000 and provide other relief to settle a race, disability and retaliation discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced.

130
130
article thumbnail

Revision of dedicated tanker form

Insurance Marine News

BIMCO and the Association of Ship Brokers & Agents(ASBA) have revised ASBATANKVOY, the only dedicated tanker form not associated with an oil major. The updated version of the voyage charter party addresses changes in the tanker trade, commercial practices and regulations since its last revision. BIMCO noted that the original edition of ASBATANKVOY, published by.

article thumbnail

Business Moves: CRC Group Acquires ARC in E&S Deal

Insurance Journal

Independent insurance wholesaler CRC Group said it has acquired specialty wholesale distributor ARC Excess & Surplus. Terms were not disclosed.

Liability 130
article thumbnail

Lube oil maintenance failure caused catastrophic engine failure and fire

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Lube oil maintenance failure caused catastrophic engine failure and fire appeared first on Insurance Marine News.

Marine 52
article thumbnail

The Hanover Reports 11% Growth in Q1 Net Income

Insurance Journal

First quarter net income for The Hanover Group grew to $128.2 million compared to $115.5 million during the same period a year ago. The Worcester, Massachusetts-based insurer’s Q1 combined ratio was 94.1, and improvement over 95.

Insurance 130
article thumbnail

LNG Heavies: Addressing operational challenges onboard ships

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post LNG Heavies: Addressing operational challenges onboard ships appeared first on Insurance Marine News.

Marine 52
article thumbnail

Chinese Hacking Competitions Fuel the Country’s Broad Cyber Ambitions

Insurance Journal

Dustin Childs can still describe the best demonstration of a winning hack at an international tournament he’s ever seen. It happened almost a decade ago.

Cyber 130
article thumbnail

US port fees for Chinese vessels: what they mean in practice

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US port fees for Chinese vessels: what they mean in practice appeared first on Insurance Marine News.

Marine 52
article thumbnail

TALES FROM A RECOVERING PEOPLE PLEASER

Rough Notes

People pleasing: the good and the bad [P]eople pleasing [is] defined by Merriam-Webster as having an emotional need to please others often at the expense of his or her own needs or desires. By Meg McKeen, CIC This edition of Lets Lead was inspired by a recent conversation with a reader.

article thumbnail

Russia reflags and renames sanctioned LNG tankers as suspected Arctic LNG 2 startup approaches

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russia reflags and renames sanctioned LNG tankers as suspected Arctic LNG 2 startup approaches appeared first on Insurance Marine News.

Marine 52
article thumbnail

WHAT THE HELL IS GOING ON OUT HERE?

Rough Notes

The agency businesslike college footballis changing on almost a daily basis What happens in your business or job when there is a win? Do all employees and clients cheer? Do all those involved in your business share the excitement of winning? By Dr. William T.

article thumbnail

Severe Storms Take 4 Lives, Cause Power Outages, Close Roads in Pennsylvania

Insurance Journal

Officials and first responders in Pennsylvanians are assessing and cleaning up the damage caused after severe storms swept across western and central parts of the state Tuesday. Officials reported four deaths linked to the severe weather.

Damage 130
article thumbnail

THE NEED FOR SPEED

Rough Notes

Stay ahead of the competition with prompt website lead response [L]eads are 21 times more likely to convert when contacted within five minutes as opposed to 30 minutes. By Chris Paradiso In todays digital world, speed is everything.

article thumbnail

LA Fire Investigation Will Take a Year or More, Edison CEO Says

Insurance Journal

The probe into the deadly Southern California Eaton fire is likely to take a year or more as authorities examine Edison International’s utility equipment as the possible cause, according to the company’s chief executive officer.

Damage 130
article thumbnail

THE NICHE INSURANCE PLAYBOOK

Rough Notes

Finding your unique edge in a competitive market If you want to win, niche down. Stop being just another agent and become the agentthe one who owns an industry, speaks its language, and becomes the go-to expert.

Agents 52
article thumbnail

Attorney Fee Amendment Shot Down by Florida Senate; Condo Relief Bill Passes

Insurance Journal

Florida’s Senate late Wednesday refused to go along with a prevailing-party attorney-fee amendment to a phosphate mine bill, likely leaving it dead for 2025 as the legislative session nears the end.

130
130
article thumbnail

MORE THAN JUST TALK

Rough Notes

Lightspeed Voice offers tech solutions beyond a VoIP service By Christopher W. Cook Could you imagine moving 299,792,458 meters per second? And I thought the lap around the Indianapolis Motor Speedway in a two-seater IndyCar going close to 180 mph was fast.

article thumbnail

Court Questions NJ Diocese’s Bid to Block Grand Jury on Clergy Sex Abuse

Insurance Journal

Members of New Jersey’s Supreme Court sounded skeptical at times Monday about the effort of a Catholic diocese to stop the state from empaneling a grand jury to investigate clergy sexual abuse allegations.

130
130
article thumbnail

The Unappreciated Role of the Insurance Defense Attorney

Property Insurance Coverage Law

Its easy to fall into the trap of demonizing the lawyers on the other side. Ill admit that Ive done it myself. When you advocate for policyholders, as I have for decades, you get used to seeing insurance company attorneys as obstacles. These are professionals who stand in the way of justice for your client. … The post The Unappreciated Role of the Insurance Defense Attorney appeared first on Property Insurance Coverage Law Blog.

article thumbnail

Judge Says Local Police Must Halt Enforcement of Florida Immigration Law

Insurance Journal

MIAMI (AP) A federal judge told attorneys for the state of Florida on Tuesday that an order freezing the enforcement of a new state immigration law absolutely applies to all of the state’s local law enforcement agencies, despite a …

article thumbnail

European Maritime Finance appoints Torben Degn as CEO

Splash: Finance and Insurance

Denmarks European Maritime Finance has appointed Torben Degn as CEO. We are excited to welcome Torben Degn as CEO, whose vision and extensive experience will be pivotal in leading the company through its next chapter, said founder and chairman of the investment committee Martin Haugaard.

License 59