Sun.May 04, 2025

article thumbnail

Buffett to Step Down Following Six-Decade Run Atop Berkshire

Insurance Journal

Warren Buffett, who built Berkshire Hathaway Inc. into a business valued at more than $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will step down at year-end after six decades atop the conglomerate.

219
219
article thumbnail

What Do Judges Consider When Selecting Umpires? Proximity Is a Factor

Property Insurance Coverage Law

A United States District Court for the District of Hawaii recently issued an order that highlights a critical but sometimes overlooked geographic proximity factor in the appointment of appraisal umpires. 1 Though both parties proposed highly qualified retired judges to serve as umpire in a court-ordered appraisal, the court ultimately appointed the Honorable James E. … The post What Do Judges Consider When Selecting Umpires?

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 Favorable Prognosis–Healthcare at the Forefront of Cyber Risk

Insurance Journal

Healthcare organizations continue to find themselves at the forefront of cyber risk.

Cyber 147
article thumbnail

Blog Post: Deepfakes and Intellectual Property Legal Issues

LexisNexis

The following article is a summary of the full practice note , available to Practical Guidance subscribers by following this link. Not yet a Practical Guidance subscriber? Sign up for a free trial here. The complete article is written by Danielle F. Bass , partner at Honigman LLP, Natasha Shlaimon, a corporate attorney at Honigman LLP, and Nathaniel J.

Theft 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

Minnesota Bill Would Create Auto Insurance Program for Low-Income Residents

Insurance Journal

Minnesota lawmakers have introduced a bill that would establish a low-cost auto insurance program for low-income residents.

More Trending

article thumbnail

Agency Tax Laws Shareholders Need to Know

Insurance Journal

I find that most agency owners who call me regarding having their agency valued or developing a producer vesting program have no idea that important specific laws and regulations exist, even though these laws and regulations have been in place …

130
130
article thumbnail

Blog Post: Artificial Intelligence (AI) Technology Legal Risks Checklist

LexisNexis

The following article is a summary of the full checklist , available to Practical Guidance subscribers by following this link. Not yet a Practical Guidance subscriber? Sign up for a free trial here. The complete checklist is written by Yasamin Parsafar , Sheppard, Mullin, Richter & Hampton LLP This checklist provides best practices and considerations for corporations to effectively manage the legal risks associated with the development and use of artificial intelligence (AI) technologies.

Risk 52
article thumbnail

Business Moves

Insurance Journal

East Marsh McLennan, Arthur Hall Marsh McLennan Agency (MMA), a business of Marsh, announced the acquisition of Arthur Hall Insurance, a West Chester, Pennsylvania-based insurance agency. Terms of the acquisition were not disclosed.

article thumbnail

Blog Post: Learn About New Practical Guidance Content and Resources

LexisNexis

Review this exciting guide to some of the recent content additions to Practical Guidance, designed to help you find the tools and insights you need to work more efficiently and effectively. Practical Guidance customers, please follow this link. Not a Practical Guidance Subscriber? Sign up for a FREE seven-day trial here to access the featured content in this guide.

Cyber 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

A True Alternative to Opioids for Workers’ Comp? Questions Remain

Insurance Journal

Recent FDA approval of suzetrigine, representing the first new class of pain medication in more than 20 years, is generating excitement among workers’ compensation professionals who have long been looking for a viable alternative to opioids.

article thumbnail

Blog Post: Lexis Cares Fundraiser Aimed at Helping At-Risk Youth

LexisNexis

Several dozen LexisNexis employees helped raise nearly $1200, including matching corporate funds, for a Canadian group whose mission is to bring disparate groups together via exposure to the arts. The fundraiser, called Name that Film, was conducted as part of the Lexis Cares program, which encourages employees to participate in volunteer activities.

Risk 52
article thumbnail

Declarations

Insurance Journal

No to FIO, Industry Says “Since [the FIO’s] inception in 2010, our associations have echoed concerns from functional regulators over FIO’s potential for duplicative and overreaching workstreams.

130
130
article thumbnail

Blog Post: Regulating AI in the Workplace in 2025

LexisNexis

The following is a summary of an article by Tom Spiggle, The Spiggle Law Firm Summary of AI in Employment and Regulatory Frameworks Recent years have witnessed a significant transformation in how artificial intelligence (AI) is perceived and utilizedtransitioning from a futuristic concept found primarily in science fiction to an everyday tool that significantly impacts modern workplaces.

article thumbnail

5 Ways to Prepare for Healthcare Liability Changes in 2025

Insurance Journal

Healthcare providers, insurers, and underwriters face potential shifts in healthcare liability regulations under the new presidential administration in 2025. Here are five key steps to help navigate these changes: 1. Stay Informed About Policy Shifts.

Liability 130
article thumbnail

Managing Safety in Workers’ Comp

Insurance Journal

After more than 25 years of counseling businesses on ways to improve worker safety, Steven Simon, senior risk control manager for Safety National, said the one piece of advice he could offer to any size organization wanting to improve their …

article thumbnail

Marsh Sues Aon, Ex-Team Leader Over Exit of 20 Construction Surety Employees

Insurance Journal

Global insurance broker Marsh USA filed suit against competitor Aon and a former Marsh team leader for allegedly poaching key members of Marsh’s construction surety team who resigned and moved to Aon in March.

article thumbnail

My New Markets

Insurance Journal

Best-In-Market Auto Insurance Market Detail: Access 20+ top auto carriers, no fees, industry-leading commissions. The convenient Auto Carrier Store allows clients to request and manage access to 20+ top auto carriers from a single, easy-to-use platform–simplifying business and maximizing options.

article thumbnail

NAMIC, Big ‘I’ Join Call to Do Away With Federal Insurance Office

Insurance Journal

The National Association of Mutual Insurance Companies and the Independent Insurance Agents & Brokers of America are the latest from the industry to join a call in support of a measure to abolish the Federal Insurance Office.

article thumbnail

Cybercrime Up Again

Insurance Journal

It shouldn’t be surprising that the number of reported cybercrime complaints to the feds rose again. Almost daily I hear from someone I know about a new threat, hack, or fishy AI call.

130
130
article thumbnail

People & Places

Insurance Journal

National IMA Financial Group, headquartered in Denver, Colorado, hired Stephanie Crochet as national energy practice leader.

Risk 130
article thumbnail

Roof Repair and Replacement Costs Up Nearly 30% Since 2022, New Report Says

Insurance Journal

Roof repair and replacement cost value totaled nearly $31 billion last year–up nearly 30% since 2022, according to a new report from Verisk.

130
130
article thumbnail

Rising Civil Unrest, Political Violence Remains Top 10 Risk for Global Businesses: Allianz

Insurance Journal

Soaring levels of civil unrest and political violence is a key concern for businesses of all sizes as well as for their insurers, according to a report published by Allianz Commercial.

Risk 130
article thumbnail

7 Marketing Strategies to Establish Your Workers’ Compensation Expertise

Insurance Journal

Being an expert in workers’ compensation has become a coveted differentiator for insurance agents and brokers.

article thumbnail

Steady Growth Amid Market Cycles Is Possible

Insurance Journal

Property and casualty insurance has traditionally been a cyclical industry, meaning it goes through phases of firm pricing and tight capacity followed by softer market conditions that tend to favor insurance buyers.

article thumbnail

The Most Important Elements in a Recruiting Contract

Insurance Journal

These days, recruiters are floating a lot of different terms and conditions out there, from insurance agencies paying per resume to no money up front but six-month exclusivity.

article thumbnail

Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires

Insurance Journal

The Travelers Cos. said first-quarter 2025 fell 65% on an underwriting loss of $305 million. Travelers posted first-quarter net income of about $395 million compared to about $1.1 billion during Q1 2024.

article thumbnail

What’s Next For Workers’ Comp?

Insurance Journal

The workers’ compensation market appears to be doing well again.

article thumbnail

Florida Bill Would End Board of Engineers and Other Professional Agencies, Raising Concerns for Insurance Industry

Insurance Journal

Elon Musk’s age of government efficiency has spread to Florida, with legislation that would abolish at least 22 state boards that oversee licensing and disciplinary reviews for engineers, contractors, building inspectors, accountants and many more professionals.

article thumbnail

Insurance Brokers File More Poaching Lawsuits Against Former Leaders and Competitors

Insurance Journal

USI Insurance Services, one of the largest brokerages in the country, has filed suit against a former sales team leader and another powerhouse broker, Lockton, accusing them of poaching employees and harming client relationships.

Broker 130
article thumbnail

Former Texas Insurance Broker Charged in Alleged Scam

Insurance Journal

A former Friendswood, Texas insurance agent turned himself into authorities over charges that he fraudulently brokered insurance policies, the Friendswood Police Department announced.

Broker 130
article thumbnail

California Sets Aside $170M to Thin Vegetation, Forests to Help Prevent Wildfires

Insurance Journal

Gov. Gavin Newsom signed new legislation on Monday that will provide more than $170 million in state funding to help prevent wildfires while signing an order aimed at speeding up the work by easing environmental permitting.

130
130
article thumbnail

Poll: High Cost of Living Fears Were Made Worse by LA Wildfires

Insurance Journal

The high cost of living remains a main concern in America’s largest exacerbated by the January wildfires is one of the biggest worries bothering residents of Los Angeles County. A survey focused on the county, the nation’s largest with 9.

130
130