April, 2025

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Insurance Coverage After a Raze Order: Strategies for Overcoming Ordinance or Law Exclusions

Property Insurance Coverage Law

When a devastating fire damages a building and a municipality orders it razed, the instinctive reaction of many policyholders is to expect that their insurance will cover the total loss. That expectation, however, can run into serious obstacles depending on the fine print of the insurance policy and, importantly, the law of the state where … The post Insurance Coverage After a Raze Order: Strategies for Overcoming Ordinance or Law Exclusions appeared first on Property Insurance Coverage La

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Heritage Files Libel, Defamation Suit vs. Adjuster After ’60 Minutes’ Report

Insurance Journal

Six weeks after Tampa-based Heritage Property & Casualty Insurance Co. filed a libel suit against a whistleblower claims adjuster, the adjuster’s lawyer has pushed back, arguing that the suit is an attempt to silence those who question insurers’ damage estimates.

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All ships passing through European waters must now provide proof of insurance

Splash: Finance and Insurance

The European Commission has adopted another key measure to crackdown on the so-called shadow fleet passing through its waters. The amendment to the Vessel Monitoring Directive now requires all vessels, including those merely passing through European Union waters without entering an EU port, to provide insurance information.

Insurance 141
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7 Policies Electrical Manufacturers Need To Protect Their Business 

Central Insurance

Electrical manufacturers face unique risks. From product liability to cyber threats, learn how specialized protection, proactive loss control, and an experienced insurance partner can help safeguard your electrical manufacturing business. The post 7 Policies Electrical Manufacturers Need To Protect Their Business appeared first on Central Insurance Blog.

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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.

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Blog Post: 2025 Cybersecurity Showdown: In-House Counsel's Battle Against New AI Threats Amid Changing Data Privacy Laws

LexisNexis

In-house counsel have the sobering responsibility of protecting their organizations from evolving cybersecurity and data privacy threats at a time when there is a dramatic increase in the sophistication of attack vectors and regulatory obligations. With a host of new state data privacy laws coming online in 2025, this year is sure to test organizations compliance capabilities more than ever before, reported LegalTech News , in a recent story regarding legal industry experts predictions for data

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Florida’s Insurance Regulator Buried a Completed Report That Raised Red Flags About Insurer Affiliate Profits

Property Insurance Coverage Law

Yesterdays testimony before the Florida House Insurance & Banking Subcommittee ripped the cover off a story thats been brewing for years: the Office of Insurance Regulation (OIR) under David Altmaier had a completed, paid-for, red-flag-waving report about insurer affiliate transactions showing hundreds of millions of hidden profits for the insurance industry and simply chose to … The post Florida’s Insurance Regulator Buried a Completed Report That Raised Red Flags About Insurer

Insurance 204
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Loss of FEMA Program Spells Disaster for Hundreds of Communities and Projects

Insurance Journal

The textile mills that once served as the backbone of Mount Pleasant, North Carolina, have long been shuttered, and officials believed federal money would be key to the town’s overdue revitalization.

Building 237
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BIMCO adopts reviews of war risk clauses

Splash: Finance and Insurance

The documentary committee of BIMCO has approved revisions to its war risk clauses for voyage and time charters to reflect changes in the geopolitical challenges facing the shipping industry.

Risk 98
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6 Must-Have Insurance Coverages For Your Metalworking Manufacturing Business

Central Insurance

Metalworking, which dates back to prehistoric times, began with shaping soft metals like gold and has since advanced into a sophisticated industry that includes techniques such as hammering, smelting, forging, and welding. Metalworking helps support nearly every facet of our lives, from essential tools and appliances to construction projects like buildings and bridges to the […] The post 6 Must-Have Insurance Coverages For Your Metalworking Manufacturing Business appeared first on Central

Building 130
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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

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UK’s Extremely Dry Start to Year Raises Crop and Wildfire Risks

Insurance Journal

The UK’s driest start to the year in four decades is threatening the country’s grain crops and increasing the risk of wildfires. Total precipitation of about 20.5 centimeters (8.

Risk 232
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People Moves: Virginia’s Workers’ Comp Commission Names Two Deputy Judges

Insurance Journal

The Virginia Workers’ Compensation Commission Names Two New Deputy Commissioners The Virginia Workers’ Compensation Commission (VWCC) has named two new deputy commissioners, Frederick T. Schubert II and Christopher R. Wilson.

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Consultant Sheds Some Light on Hot-Potato MGA Fee Report at Florida Legislative Hearing

Insurance Journal

A Florida House of Representatives panel went straight to the source of a consultant’s report that has caused widespread concern among lawmakers about insurance company profit-shifting.

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Tech Update: Lloyd’s Backs BreachBits; ZoJacks Prevents Water Claims; Eagleview Expands Drone Options

Insurance Journal

Washington, D.C.-based BreachBits has received an investment of an undisclosed amount from Lloyd’s in what is the London-based global insurance marketplace’s third strategic innovation investment from among over 150 alumni of the Lloyd’s Lab.

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Crime Syndicates in Southeast Asia Go Global, Defying Crackdowns

Insurance Journal

Cyber crime syndicates that run multi-billion-dollar scam operations across Southeast Asia are still expanding despite recent law enforcement crackdowns, building links from Ireland to Mexico and reaching a potentially irreversible global spillover, the United Nations warned.

Crime 229
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California Bill Seeks to Beef up Consumer Privacy Protections for Insurance

Insurance Journal

A new bill introduced in California aims to increase transparency and accountability in California’s insurance market by bolstering consumer privacy protections and establishing a privacy rights framework for insurance licensees and their third-party service providers.

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China Bans ‘Smart’ and ‘Autonomous’ Driving Terms From Vehicle Ads

Insurance Journal

China is banning automakers from using the terms “smart driving” and “autonomous driving” when they advertise driving assistance features, and it will tighten scrutiny of such technology upgrades.

Liability 236
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Did Florida House ‘Sneak’ Attorney Fee Wording Into Phosphate Mine Bill?

Insurance Journal

A late amendment to a phosphate mine bill has set off alarm bells among some in the Florida insurance industry, with concerns that it could cut out the heart of 2022 and 2023 legislative changes that disincentivized excessive claims litigation.

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WV Commissioner Posts Guidelines on Insurers’ Use of Aerial Images

Insurance Journal

After receiving multiple inquiries about the use of aerial images in property insurance nonrenewals, West Virginia’s insurance commissioner has posted guidelines for insurers’ use of the technology.

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

Insurance Journal

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

Risk 263
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UK Financial Services Industry Slow to Hire Women to Top Roles, Report Finds

Insurance Journal

Britain’s financial industry has made little progress in recruiting more women to top positions, a new report from the UK finance ministry said on Thursday, a pace of change the head of British insurer Aviva called “unacceptable.

Insurer 228
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Thai-Chinese Firm Denies Flouting Safety Measures in Probe of Skyscraper Collapse

Insurance Journal

A Thai-Chinese company denied Monday allegations its steel rods did not pass safety standard tests after nationwide criticism prompted an investigation into the collapse of a high-rise building under construction after an earthquake last month in Bangkok.

Building 200
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Generali to Comply With Government’s View on Natixis Deal, CEO Tells Newspaper

Insurance Journal

Italy’s biggest insurer Generali intends to heed advice from the government when Rome starts reviewing a planned asset management tie-up with France’s BPCE, CEO Philippe Donnet said in a newspaper interview on Friday.

Insurer 237
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Europe’s Hottest Year Turbocharged Extreme Weather Across Region

Insurance Journal

Europe experienced the hottest year on record in 2024, as climate change combined with a strong El Nio to generate a series of extreme weather events and force glaciers into retreat.

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Uber Spends Six Figures on Ads in Latest NY Insurance Reform Push

Insurance Journal

Uber Technologies Inc. is spending six figures on advertisements in New York in its latest appeal to lawmakers to address issues stemming from the insolvency of the city’s largest taxi insurer.

Insurance 229
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Sweden Probe Finds No Conclusive Evidence of Deliberate Damage to Subsea Cables

Insurance Journal

A Swedish probe found no conclusive evidence to suggest that a Chinese ship had deliberately dragged its anchor to damage two Baltic Sea cables, Sweden’s Accident Investigation Authority said on Tuesday, though a separate investigation remains under way.

Damage 208
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What If Every Insurance Company Engineer Report Suggests a Denied Claim? We’re About to Find Out

Property Insurance Coverage Law

A recent conversation on LinkedIn has sparked serious questions about the objectivity of engineering reports used by insurance companies. Our firm is now taking the first step to find out whether the claims of systemic bias hold water. It all started when a public adjuster responded to a thread involving attorney Steven Badger. The statement … The post What If Every Insurance Company Engineer Report Suggests a Denied Claim?

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What Two Oil Firm Ads Show About Where UK Regulator Draws Line on Greenwashing

Insurance Journal

An ad for TotalEnergies SE inflated the oil company’s investments in renewable energy, misleading consumers, the UK’s advertising regulator ruled on Wednesday.

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India Plans to Ease Nuclear Liability Laws to Attract Foreign Firms, Sources Say

Insurance Journal

India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure.

Liability 191
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AI Weather Models Promise Super Granular, Specialist Forecasts

Insurance Journal

The weather forecasting industry has made big leaps in accuracy but has struggled with hyper-local predictions.

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Florida Adjusters Beware: Failure to Follow Estimating Rule 69BER24-4 Can Jeopardize Your License

Property Insurance Coverage Law

Public adjusters and all property insurance adjusters working in Florida need to take notice. Failure to comply with the estimating standards laid out in Rule 69BER24-4, now permanently incorporated into Rule 69B-220.201, may result in serious ethical violations. These violations could put your license at risk. A public adjuster recently asked me whether it was … The post Florida Adjusters Beware: Failure to Follow Estimating Rule 69BER24-4 Can Jeopardize Your License appeared first on Pro

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People Moves: Markel Promotes Brooke to Senior Underwriter of War and Terrorism; BHSI Promotes Kidd to Newly Created Role of Head of Underwriting in Europe

Insurance Journal

Markel Promotes Brooke to Senior Underwriter of War and Terrorism Markel, the insurance operations within Markel Group Inc., announced that Matthew Brooke has been promoted to senior underwriter, War and Terrorism, effective immediately.

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California’s AB 597 Threatens to Limit Access to Public Adjusters After Disasters

Property Insurance Coverage Law

Assembly Bill 597 is working its way through the California Legislature and could soon become law. If passed in its current form, the bill would severely restrict how public adjusters can charge their clients in the wake of catastrophic eventsand it is policyholders who will pay the price, as many may lose access to adjusters … The post Californias AB 597 Threatens to Limit Access to Public Adjusters After Disasters appeared first on Property Insurance Coverage Law Blog.