Mon.Nov 25, 2024

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Despite Storms, Moody’s Upgrades Florida Tax Bonds for Cat Fund, Citizens, FIGA

Insurance Journal

Despite four hurricanes in just over a year and significant payouts by the Florida Cat Fund, three special tax bonds have seen their ratings upgraded, the state’s insurance commissioner announced Monday.

Insurance 307
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A Surprising Twist and Swirl in High-End Fire and Smoke Case: Alabama Court Allows Tort of Outrage Claim Against Chubb While Dismissing Bad Faith

Property Insurance Coverage Law

Pacific Indemnity Company, a Chubb subsidiary known for insuring high-end properties and affluent clients, recently secured a partial litigation victory in a property insurance dispute involving a newly constructed luxury home in Alabama. 1 The non-final decision regarding high-end smoke and fire damage to a residential structure is worthy reading for all adjusters.

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New York Fines GEICO $9.75M, Travelers $1.5M Over Auto Insurance Cyber Breaches

Insurance Journal

Two auto insurers will pay fines totaling $11.3 million for data breaches of online insurance quoting systems that New York officials say compromised personal information of an estimated 120,000 customers in total.

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Blog Post: Asylum Success Still Varies Widely Among Immigration Judges: TRAC

LexisNexis

TRAC, Nov. 25, 2024 "Wide differences in Immigration Judge asylum denial rates are evident across many Courts in the latest release of TRAC’s Immigration Judge report series. These new reports update each judge’s asylum decisions over the past six years through September 2024. The series includes 823 individual judge reports covering each of the 66 current Immigration Courts. [1] Where these judges were based is shown in Figure 1.

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Missouri Insurance Department Cautions Drives to Look Out for Deer

Insurance Journal

The Missouri Department of Commerce and Insurance is cautioning drivers to be on the lookout for deer and other wild animals as temperatures drop and nights become longer.

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Mastering Sales Follow Up Techniques: 5 Tips

Word & Brown

If you’re an insurance sales professional, follow up is – or should be – an essential part of your routine. Follow-ups can help you build long-lasting client relationships. They are important to turn leads into actual sales. And, of course, they can help you generate referrals, promote loyalty, and drive increased revenue. Below are five tips to help you master your follow up. 5 Sales Follow Up Tips for Success 1: Establish a routine for follow up – including ongoing communications.

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Marine round-up : 26th November 2024

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 26th November 2024 appeared first on Insurance Marine News.

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AM Best Improves Outlook on US Personal Auto Segment to ‘Stable’

Insurance Journal

Insurance rating agency AM Best today said it has shifted its outlook of the U.S. personal auto insurance segment to stable from negative thanks to improving loss ratios of the top 20 carriers this year.

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Norwegian cancels 38 holidays on three ships for late 2025 / early 2026

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Norwegian cancels 38 holidays on three ships for late 2025 / early 2026 appeared first on Insurance Marine News.

Marine 52
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FTC, Meta Face April Trial Over Suit to Break Up Company

Insurance Journal

Meta Platforms Inc. faces an April 14 trial in the Federal Trade Commission’s long-running antitrust lawsuit to break up the company. US District Judge James Boasberg ruled Monday that the trial will take place in Washington next year.

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Serious weather damages contents of Explorer Of The Seas

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Serious weather damages contents of Explorer Of The Seas appeared first on Insurance Marine News.

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Viewpoint: As Insurance Losses Outpace Premiums, State Regulators Play a Critical Role

Insurance Journal

Along with the rising cost of living in many facets of families’ daily lives, property insurance availability and affordability continue to be a challenge across the U.S. Inflation has been persistently increasing repair, labor, and medical costs.

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USCG tells owners of Chinese STS cranes to take more security steps

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post USCG tells owners of Chinese STS cranes to take more security steps appeared first on Insurance Marine News.

Marine 52
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UK Employers Warn Tax Rise Will Hit Investment and Pay

Insurance Journal

British employers have been caught off guard by a 25 billion-pound ($31 billion) tax rise at last month’s budget and plan to cut training, investment and jobs in response, a leading employers group said on Monday.

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Suez introduces crew change service

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Suez introduces crew change service appeared first on Insurance Marine News.

Marine 52
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UK Expands Sanctions Against Russian Oil Fleet and Its Insurers

Insurance Journal

The UK government expanded its sanctions against Russia’s energy industry on Monday, blacklisting dozens of tankers responsible for moving the nation’s oil as well as two insurers involved in the trade.

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Accommodation vessel catches fire off Tianjin

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Accommodation vessel catches fire off Tianjin appeared first on Insurance Marine News.

Marine 52
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Generali and Natixis in Early Talks for Asset Management Tie-Up, FT Reports

Insurance Journal

France’s Natixis Investment Managers is holding early-stage talks with Italian insurer Generali about a potential tie-up, the Financial Times reported on Monday.

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Many missing after dive boat sinks in northern 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 Many missing after dive boat sinks in northern Red Sea appeared first on Insurance Marine News.

Marine 52
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Best Agency to Work For – West Gold Winner: Morris & Garritano

Insurance Journal

Want a simple, yet effective agency management tip for making your employees happy? Treat them like customers. That mindset stood out among comments from employees who nominated Morris & Garritano in Insurance Journal’s 2024 Best Agency to Work For survey.

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German and Swedish Coast Guards arrive near cable damage suspect vessel

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post German and Swedish Coast Guards arrive near cable damage suspect vessel appeared first on Insurance Marine News.

Damage 52
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Secret Russian Oil Switching Gets New Greek Hotspot After Drills

Insurance Journal

The secret switching of Russian fuel cargoes between tankers at sea has migrated to new hotspots off the coast of Greece after the European country used naval drills to try and block the activity in one location.

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Calls to prioritise flood defences as West Midlands town hit again by storm

Elmore

Tenbury Wells overwhelmed as Storm Bert causes damage across the UK The post Calls to prioritise flood defences as West Midlands town hit again by storm appeared first on Elmore Insurance Brokers.

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Best Agency to Work For – Overall Winner: Higginbotham

Insurance Journal

It’s All in the Family at Higginbotham There’s a certain “something” about Rusty Reid that makes it clear why folks might like to work for him as chief executive and chairman of Higginbotham.

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Natixis in talks with Generali over asset management tie-up

Elmore

Deal would bring together two of the biggest names in European asset management The post Natixis in talks with Generali over asset management tie-up appeared first on Elmore Insurance Brokers.

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Higginbotham Fitts in Another Alabama Agency

Insurance Journal

Higginbotham, an independent insurance and human resources firm based in Texas, has joined forces with Fitts Agency in Tuscaloosa, Alabama, further expanding Higginbotham’s presence in the state.

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Thanksgiving Fire Safety: Protect Your Home, Your Family, and Your Peace of Mind

TGS

TGS Insurance » Blog Thanksgiving Fire Safety: Protect Your Home, Your Family, and Your Peace of Mind Thanksgiving—the word alone brings a flood of cozy images, doesn’t it? The smell of turkey roasting, the sound of laughter in the next room, and that one relative who always insists they make the best gravy. But amidst the joy and chaos, there’s a quieter statistic lurking in the background: Thanksgiving is the number one day for home cooking fires.

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Afore Adds New Jersey’s BCA Insurance as Mid-Atlantic Partner

Insurance Journal

Afore Insurance Services, LLC has added BCA Insurance Group (BCA) of New Jersey to its platform as a partner in the Mid-Atlantic region.

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Automated external defibrillators on ships are “a must have”, says West P&I

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Automated external defibrillators on ships are “a must have”, says West P&I appeared first on Insurance Marine News.

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Chinese Hackers Preparing for Conflict, Says US Cyber Official

Insurance Journal

Chinese hackers are positioning themselves in U.S. critical infrastructure in the event of a clash with the United States, a top American cybersecurity official said on Friday. Morgan Adamski, the executive director of U.S.

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Class action being considered against Carnival Corp brand P&O Cruises Australia

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Class action being considered against Carnival Corp brand P&O Cruises Australia appeared first on Insurance Marine News.

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Texas Reaches $12.6M Settlement Related to 2019 Port Neches Chemical Explosion

Insurance Journal

Texas reached a $12.6 million settlement with TPC Group over environmental violations related to the November 2019 explosions at the company’s Port Neches chemical plant, Texas Attorney General Ken Paxton announced Friday.

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Commissioner Lara Invites Public Input on Latest Major Step to Expand Insurance Coverage in California

American Agents Alliance

SACRAMENTO, Calif. — Insurance Commissioner Ricardo Lara invited public input on a proposal to increase the writing of insurance in parts of the state most affected by wildfires and other extreme weather catastrophes. The public notice outlines the Department’s approach to a new regulation incorporating the net costs of reinsurance in ratemaking and invites feedback at a public meeting on Thursday, December 5, at 10AM.

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InsureTrust Names Davis EVP, Based in Nashville

Insurance Journal

InsureTrust, a cyber insurance and risk management broker within CRC Group and based in Norcross, Georgia, has named Brad Davis executive vice president.

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