Tue.Oct 29, 2024

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State Farm Settles Immigration Discrimination Case with Justice Department

Insurance Journal

The Justice Department announced that it secured a settlement agreement with State Farm resolving the department’s determination that one of State Farm’s corporate offices in Richardson, Texas, violated the Immigration and Nationality Act (INA) when it terminated a worker in …

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Reflections on an Insurance Regulatory Workshop Regarding Ethical Rules of Adjustment

Property Insurance Coverage Law

The Florida Department of Financial Services (DFS) held a regulatory workshop meeting seeking comments on the recent emergency adjustment rule. One thing everybody notices in Tallahassee is that there is an army of paid lobbyists and professional proponents of the insurance industry who show up at hearings. These professional insurance lobbyists and industry folk must … The post Reflections on an Insurance Regulatory Workshop Regarding Ethical Rules of Adjustment appeared first on Property

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North Carolina Governor Approves $600 Million in Helene Recovery Funding

Insurance Journal

North Carolina Gov. Roy Cooper approved more than $600 million worth of disaster relief funding last Friday for western North Carolina counties affected by Hurricane Helene after legislators passed the recovery bill the day before.

Damage 289
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How to Create a Winning Holiday Insurance Marketing Plan | Solstice

Solstice Insurance Broker

The holidays are just around the corner, bringing a buzz of excitement that seems to start earlier each year. As a broker, it's a great idea to get a head start on planning so you can make the most of the season with some festive marketing for your business.

Broker 113
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Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon

Insurance Journal

The third quarter of 2024 saw a number of significant disaster events, which drove year-to date economic losses above at least $258 billion and insured losses of $102 billion, according to Aon plc in its Q3 Global Catastrophe Recap – …

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Perspectives on Forest Operations Safety

CDC: Workers Compensation

Forest operations, which include logging and other forestry activities (e.g., planting, thinning, fuels reduction, and wildland fire fighting), are a vital component of forest management. It is also one of the most dangerous places to work in the United States (U.S.). In 2022, there were 54 fatalities to logging workers. The work-related fatality rate for logging workers is 100.7 per 100,000 FTE,* which is more than 27 times higher than the rate for all occupations at 3.7 per 100,000 FTE.

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Program Uses AI to Send Cash Payments to 1,000 Households Hit by Hurricanes

Insurance Journal

Nearly 1,000 hurricane-impacted households in North Carolina and Florida will benefit this week from a new disaster aid program that employs a model not commonly used by philanthropy in the United States: Giving people rapid, direct cash payments.

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More Trending

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McDonald’s sued by consumers in proposed class action over E.coli outbreak

Insurance Journal

McDonald’s was sued on Tuesday by consumers in a proposed class action stemming from the E.coli outbreak linked to onions in the fast-food chain’s Quarter Pounders.

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Blog Post: Legal CLM KPIs in the Law Department

LexisNexis

Legal CLM in the law department pertains to Contract Lifecycle Management , conveniently shortened to CLM for the purpose of this blog post. As a companion to enterprise legal management software for corporate legal departments, legal CLM is the tool law departments need to manage contracts effectively from start to finish and in between. Contract management involves compliance with regulatory guidelines, the ability to monitor the status of contracts at all stages, knowledge of contractual term

Risk 52
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Markets/Coverages: Hartford and Coalition Announce Cyber Capacity Partnership in UK

Insurance Journal

The Hartford and cyber-MGA Coalition announced a strategic, long-term capacity partnership in response to growing customer and broker demand for Coalition’s active cyber insurance approach in the UK market.

Cyber 264
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Maritime industry petitions EPA to reject California’s new commercial harbour craft rule

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Maritime industry petitions EPA to reject California’s new commercial harbour craft rule appeared first on Insurance Marine News.

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AI Weapons Scanners in NYC Subway Found Zero Guns in Month Test

Insurance Journal

A pilot program testing AI-powered weapons scanners inside some New York City subway stations this summer did not detect any passengers with firearms — but falsely alerted more than 100 times, according to newly released police data.

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Oil exports from Russia’s western ports likely to fall 13% in November

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Oil exports from Russia’s western ports likely to fall 13% in November appeared first on Insurance Marine News.

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Judge Cans North Carolina Captive’s Claims That Managers Stole Software

Insurance Journal

Six months after a North Carolina captive insurance firm for nursing homes around the country accused its managers of poaching proprietary software and forming a competing management company, a federal judge has dismissed the lawsuit.

Claim 263
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Russian sailors deported after second sea rescue

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian sailors deported after second sea rescue appeared first on Insurance Marine News.

Marine 52
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Clear Group Acquires Lilley Plummer Risks, Entering Wholesale Lloyd’s Broker Space

Insurance Journal

Clear Group, the UK independent insurance broker that is owned by Private Equity at Goldman Sachs Alternatives, has entered the wholesale Lloyd’s broker space with the acquisition of Lilley Plummer Risks Ltd., a London-based marine and property specialist.

Broker 262
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Another period of low waters on the Mississippi River

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Another period of low waters on the Mississippi River appeared first on Insurance Marine News.

Marine 52
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Viewpoint: Role of Private Flood Insurance Has Room to Grow With NFIP Instability

Insurance Journal

Back-to-back hurricane landfalls in the span of less than two weeks have placed flood insurance in a new light for many inside and outside of the insurance industry, if not front and center.

Damage 261
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Canadian govt awards C$4.9m contract to Resolve Marine

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Canadian govt awards C$4.9m contract to Resolve Marine appeared first on Insurance Marine News.

Marine 52
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Michigan Culver’s Restaurants Sued for Discriminating Against Transgender Employee

Insurance Journal

Five related entities operating Culver’s restaurants in Michigan violated federal law when they fired a transgender employee and three of his colleagues after they complained about harassment, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit.

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Work proceeds at Vineyard Wind, additional blades require strengthening

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Work proceeds at Vineyard Wind, additional blades require strengthening appeared first on Insurance Marine News.

Marine 52
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Chubb Continues ‘Record’ Year With 13.8% Jump in Q3 Net Income

Insurance Journal

Chubb recorded an 11.7% increase in P/C underwriting income with a combined ratio of 87.7 as part of third quarter net income of about $2.2 billion, up 13.8% CEO Evan G.

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Ammonium nitrate ship docks at Port of Great Yarmouth

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Ammonium nitrate ship docks at Port of Great Yarmouth appeared first on Insurance Marine News.

Marine 52
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People Moves: Novak Joins Alliant Insurance Services’ Employee Benefits Group as SVP

Insurance Journal

Ron Novak joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president and producer within its employee benefits group. Novak, based in Greater Fayetteville, Arkansas, works with employers across Arkansas, Oklahoma, Missouri, Tennessee, and Texas.

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Russia arranging STS transfers of LNG

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russia arranging STS transfers of LNG appeared first on Insurance Marine News.

Marine 52
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Brookfield Hires Head for Entry Into Japan Reinsurance Market

Insurance Journal

Brookfield Wealth Solutions, has entered the reinsurance business in Japan and has hired Tomohide Yokooka, formerly of Barclays Plc, as managing director and country head, according to people familiar with the matter.

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Weather hot spots off South Africa

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Weather hot spots off South Africa appeared first on Insurance Marine News.

Marine 52
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JPMorgan Sues Customers Over Check Fraud Linked to Glitch That Went Viral

Insurance Journal

JPMorgan Chase, the largest U.S. bank, has begun suing customers for check fraud, saying they improperly withdrew funds by taking illegal advantage of a temporary technical glitch that went viral on TikTok.

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Blog Post: A New Path Forward for U.S. Immigration Policy: Let’s Welcome Digital Nomads

LexisNexis

Angelo A. Paparelli, October 29, 2024 "There is at least one groundbreaking, low-hanging-fruit solution to modernize U.S. immigration policy for the digital age — one that requires no action by Congress. David Bier , Director of Immigration Studies at the Cato Institute, and leading immigration lawyers (Cornell Law Professor Stephen Yale-Loehr , Vialto Law’s Peter Choi and this blogger) published a proposal today (accessible from the Cato Institute’s website ) that addresses a critical gap

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New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025

Insurance Journal

New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% statewide average decrease in rates for workers’ compensation and employers’ liability insurance. The new rates will apply to new and renewal policies effective January 1, 2025.

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Blog Post: Commitment Letters for Acquisition Financing

LexisNexis

Read this practice note discussing current market trends in publicly filed commitment letters for acquisition financing from the second half of 2023 and the first half of 2024. This practice note examines examples of select key provisions in commitment letters for acquisition financing, including SunGard provisions and bifurcated governing law provisions.

Risk 40
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AI Chatbot Pushed Florida Teen to Suicide, Lawsuit Against Its Creator Alleges

Insurance Journal

In the final moments before he took his own life, 14-year-old Sewell Setzer III took out his phone and messaged the chatbot that had become his closest friend.

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Blog Post: Guidance on Accepting Cryptocurrency Payments

LexisNexis

Online businesses and merchants continue to explore accepting cryptocurrency as a form of payment for goods and services. The use of digital wallets by consumers makes the acceptance of cryptocurrency more widespread and impactful for banking organizations. Explore this guidance, written by Joanna F. Wasick and Lauren Bass of BakerHostetler LLP, for key steps and considerations businesses should analyze before integrating and accepting cryptocurrency payments.

Risk 40
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Washington Drafting New Ergonomic Rules for Airline Ground Crews

Insurance Journal

Scheduled airline ground crews, including baggage handlers and maintenance workers, file injury claims for work-related musculoskeletal disorders at more than 10 times the statewide average, according to the Washington State Department of Labor & Industries.

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Blog Post: Before That Claim Gets Thrown Right Out the Door. You Must Allege Bad Faith!

LexisNexis

Do a deep dive into the nuances of insurance bad faith, a new topic in the Insurance State Law Comparison Tool. Read now » Related Content Insurance Bad Faith Claims Discover the ins and outs of insurance bad faith claims, including the insured's rights under an insurance policy, claim triggers, and benefits of bringing a claim. Insurance Bad Faith Coverage Litigation Explore the common grounds for insurance bad faith claims, including bad faith litigation issues, such as jurisdiction-s

Claim 40
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Where’s the Meat? Lawsuit Claims Subway Sandwich Skimps on Filling

Insurance Journal

A new lawsuit accuses Subway of “grossly misleading” customers by advertising sandwiches that contain at least three times more meat than it delivers.

Claim 260
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Blog Post: Settling ITC Section 337 Investigations: Navigating the Settlement Agreement

LexisNexis

Save time and resources by settling your International Trade Commission (ITC) Section 337 Investigation with this template settlement agreement between opposing parties. The template includes guidance on filing your agreement with a motion to terminate to globally settle the Investigation and any co-pending district court litigation and post-grant review proceedings.

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