Wed.May 14, 2025

article thumbnail

A Critical Look at the California State Farm Rate Ruling: A Stabilizing Act or a Regulatory Surrender?

Property Insurance Coverage Law

A California Administrative Law Judge issued a decision approving a stipulation between State Farm General Insurance Company and the California Department of Insurance that allows significant interim rate increases for three of the companys major lines of residential insurance. 1 These increases include a 17 percent hike for homeowners non-tenant HO-3 policies, 15 percent for … The post A Critical Look at the California State Farm Rate Ruling: A Stabilizing Act or a Regulatory Surrender?

article thumbnail

State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing

Insurance Journal

It’s not just a few Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports on property damage in recent years. It’s also major national insurers, including Allstate and State Farm, adjusters and policyholders alleged at a U.S.

Insiders

Sign Up for our Newsletter

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

article thumbnail

A Critical Look at the California State Farm Rate Ruling: A Stabilizing Act or a Regulatory Surrender?

Property Insurance Coverage Law

A California Administrative Law Judge issued a decision approving a stipulation between State Farm General Insurance Company and the California Department of Insurance that allows significant interim rate increases for three of the companys major lines of residential insurance. 1 These increases include a 17 percent hike for homeowners non-tenant HO-3 policies, 15 percent for … The post A Critical Look at the California State Farm Rate Ruling: A Stabilizing Act or a Regulatory Surrender?

article thumbnail

Georgia Becomes Second State to Shield Bayer From Roundup Cancer Claims

Insurance Journal

In a victory for global agrochemical maker Bayer, Georgia has become the second state to shield pesticide manufacturers from some lawsuits claiming that they failed to warn customers of potential dangers. The legislation signed Friday by Georgia Gov.

Claim 285
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

How to Build a Rockstar Workers’ Comp Team

AMAXX

When a workers comp program isnt delivering results, many employers instinctively look outward. Its the adjusters fault. The doctor kept our employee out too long. Our broker is never available. While these frustrations may be valid, they often point to a deeper issue: a weak or nonexistent internal team. The truth is, external vendors cant fix what isnt being led from the inside.

More Trending

article thumbnail

Get Pre-Approved Facebook Ads for Medicare, ACA & Life Insurance—At No Cost

PSM Brokerage

Marketing your insurance business online doesnt have to be a guessing game. At PSM Brokerage, we offer pre-approved, professionally designed Facebook ads tailored for the Medicare, ACA, and Life Insurance markets available at no cost to agents who work with us. Whether you're new to Facebook advertising or looking to sharpen your current strategy, our ready-to-go ad templates make it easy to launch compliant, eye-catching campaigns that attract the right clients.

article thumbnail

In Tesla’s Wake, More Big Companies Propose Voting ‘Dexit’ to Depart Delaware

Insurance Journal

In the coming weeks, investors in nine public companies worth at least $1 billion each will vote on proposals to ditch Delaware as their place of incorporation, potentially denting the state’s longtime reputation as Corporate America’s capital, Reuters has found.

261
261
article thumbnail

The Year of Seamless Insurance Experiences — 7 Customer Engagement Trends to Watch

InsuredMine

The insurance industry is undergoing a digital transformation like never before. As we enter 2025, the shift from traditional, paperwork-heavy processes to intelligent, frictionless experiences is accelerating. Modern insurance customers demand speed, simplicity, and transparencyand insurers must adapt or risk falling behind. To stay competitive, insurers need to embrace AI-driven automation, mobile-first design, and customer-centric engagement tools.

Insurer 52
article thumbnail

Waymo Recalls 1,200 Self-Driving Vehicles After Minor Collisions

Insurance Journal

Alphabet’s Waymo is recalling more than 1,200 self-driving vehicles to update software and address risks of collisions with chains, gates and other roadway barriers after U.S. auto safety investigators opened a probe last year.

Risk 260
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

Mo(o)vers at Cowbell: Matthieu Chan Tsin Promoted to SVP, Resiliency Services

Cowbell

Were excited to announce the promotion of Matthieu Chan Tsin to Senior Vice President, Resiliency Services at Cowbell! A cybersecurity trailblazer with a proven track record in threat intelligence and cyber risk management, Matthieu now leads Cowbell Resiliency Services (CRS), our new initiative launched to help U.S. and U.K. businesses strengthen their cyber defenses in response to the growing scale and complexity of AI-driven threats.

Cyber 59
article thumbnail

As Execs Eye AI for Fraud Detection, Deloitte Predicts Billions in Savings

Insurance Journal

By implementing AI-driven technologies across the claims life cycle and integrating real-time analysis, P/C insurers could reduce fraudulent claims and save between $80 billion and $160 billion by 2032.

Claim 251
article thumbnail

The Top Insurance CRM Solutions to Transform Your Business

InsuredMine

In the competitive and fast-moving insurance industry, Customer Relationship Management (CRM) systems have become essential tools for success. Whether you’re an independent insurance agent , a growing mid-sized firm, or a large-scale enterprise, the right insurance CRM can revolutionize how you manage clients, track policies, and grow your agency.

article thumbnail

Georgia Grants Tax Breaks for Crop Insurance and Disaster Aid After Helene

Insurance Journal

FORSYTH, Ga.

Damage 243
article thumbnail

New EU sanctions will target 189 Russia-linked ships

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post New EU sanctions will target 189 Russia-linked ships appeared first on Insurance Marine News.

Marine 52
article thumbnail

Steelmaker Nucor Shuts Down Some Output After Cyberattack

Insurance Journal

Nucor Corp., the biggest steel manufacturer in North America, shut down production at some of its facilities after detecting an unauthorized intrusion into its computer systems.

article thumbnail

Insurance Marine News – Thursday May 15th 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Insurance Marine News Thursday May 15th 2025 appeared first on Insurance Marine News.

Marine 52
article thumbnail

Aviva’s £3.7 Billion Direct Line Deal Faces UK Merger Review

Insurance Journal

Aviva Plc faces a review by the UK’s merger watchdog into its plan to buy Direct Line Insurance Group Plc for roughly 3.7 billion ($4.9 billion) in a deal that would create the UK’s largest motor insurer.

Insurer 235
article thumbnail

Mooring lines in poor condition led to ship breaking free, investigation finds

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Mooring lines in poor condition led to ship breaking free, investigation finds appeared first on Insurance Marine News.

Marine 52
article thumbnail

Texas Bill That Limits Spread of ‘Forever Chemicals’ Misses Key Deadline

Insurance Journal

A bill aimed at limiting the spread of toxic chemicals on Texas farmland has hit a political wall missing a key deadline that decreases its likelihood of passage this session. House Bill 1674, introduced by Rep.

226
226
article thumbnail

Design flaw led to $3m fire on Tennessee River tug

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Design flaw led to $3m fire on Tennessee River tug appeared first on Insurance Marine News.

Marine 52
article thumbnail

New Jersey Announces $450 Million PFAS Settlement With 3M Days Before Start of Trial

Insurance Journal

New Jersey officials announced a landmark settlement of up to $450 million with 3M Company to resolve the state’s lawsuits and address damage to the state’s water and other natural resources from dangerous chemicals. New Jersey Attorney General Matthew J.

Damage 222
article thumbnail

ITIC covers costs when port agent fails to get a pilot for a ship

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post ITIC covers costs when port agent fails to get a pilot for a ship appeared first on Insurance Marine News.

Agents 52
article thumbnail

Business Moves: Insurtech wefox to Sell Italian Businesses to PE Firm J.C. Flowers

Insurance Journal

German Insurtech wefox has agreed to sell its Italian businesses, wefox MGA S.r.l. and wefox Services Italy S.r.l., to U.S. private equity firm J.C. Flowers & Co. Financial details of the deal were not disclosed.

Insurance 191
article thumbnail

UK’s FCA looking to simplify insurance rule book

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post UKs FCA looking to simplify insurance rule book appeared first on Insurance Marine News.

Insurer 52
article thumbnail

LA County Wildfire Alert Mistakenly Sent to Millions Due to Tech Glitch

Insurance Journal

A technological glitch caused an emergency alert to be mistakenly sent to millions of Los Angeles County residents in January rather than only those in the proximity of a wildfire, according to a congressional report. The mistaken alert on Jan.

Cyber 182
article thumbnail

Round Up -15th May 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Round Up -15th May 2025 appeared first on Insurance Marine News.

Marine 40
article thumbnail

2024 P/C Insurance Combined Ratio: Best in More Than a Decade

Insurance Journal

With combined ratios for personal and commercial lines landing only 0.4 points apart last year, the property/casualty insurance industry’s aggregate 2024 combined ratio was 96.5marking the lowest figure since 2013, a new report shows.

article thumbnail

Blog Post: Lexis+® for Government Becomes Only Legal Research Solution to Achieve FedRAMP® Ready Status

LexisNexis

By: LexisNexis ® As the U.S. government continues its adoption of cloud technologies, Lexis+® for Government has become the first and only legal research solution to achieve FedRAMP® Ready status, a critical step in ensuring cloud-based legal tools for federal agencies. The FedRAMP® commitment is to make it safe and easy for the U.S. government to take full advantage of cloud services to help agencies deliver on their missions, said the U.S.

article thumbnail

Report: California Workers’ Comp Combined Ratio Highest in 14 Years

Insurance Journal

Written premiums in California stabilized in 2022 through 2024 after the large swings during the pandemic, while the combined ratio rose to the highest level in 14 years, a new report shows.

article thumbnail

Blog Post: LexisNexis Previews New AI-Powered Capabilities for CounselLink+ at 2025 CLOC Global Institute

LexisNexis

By: LexisNexis CounselLink The CLOC Global Institute is the annual meeting where corporate legal operations professionals from around the world gather to Open New Doors each year, so we thought it was only fitting that we chose this years event as the venue for previewing the innovative enhancements to our award-winning CounselLink enterprise legal management solution for in-house legal departments.

article thumbnail

Missouri Lawsuit Filed Against Natural Gas Company Over Fatal Home Explosion

Insurance Journal

Missouri’s attorney general sued a natural gas company Monday over the explosion of a home in a small town that killed a 5-year-old boy, accusing the utility of violating a state safety law.

179
179
article thumbnail

Insurance Marine News – Thursday May 15th 2025

Insurance Marine News

The post Insurance Marine News Thursday May 15th 2025 appeared first on Insurance Marine News.

Marine 52