March, 2025

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Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders

Property Insurance Coverage Law

In a recent decision that offers crucial guidance to policyholders and public adjusters about how to interpret commercial insurance contracts, the Fourth Circuit Court of Appeals sided with the policyholder, highlighting a key lesson about insurance policy interpretation: When insurance language is ambiguous, courts will interpret any ambiguity in favor of the policyholder. 1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property In

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Lack of Insurable Interest Precludes Recovery for Property Damage

The Property Insurance Law Observer

In Ram Krishana Inc. d/b/a Motel 6 Sulphur v. Mt. Hawley Insurance Co. (2025 WL 371016) (S.D.N.Y. 2025)), the United States District Court for the Southern District of New York determined that the plaintiff lacked an insurable interest in property it insured because it did not own or possess the property or suffer economic loss due to the propertys destruction.

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Catastrophe Experts Tap AI to Tackle Soaring Insured Losses

Insurance Journal

Insurers are betting on a suite of new AI-driven techniques to better predict surging losses from climate-driven weather catastrophes ranging from unprecedented wildfires to hurricanes and floods.

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Sell Your Insurance Agency and Maximize Your Earnings

Redbird Agents

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. We specialize in helping independent insurance agency owners navigate the complex process of selling their agency. Whether you are considering retirement, looking to capitalize on the market value of your agency, or exploring strategic mergers, our team of seasoned business brokers is committed to guiding you through every phase of the sales process.

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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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NCCI’s Tracy Ryan:Busting the Math Myth

Triple-I: Workers Compensation

By Loretta L. Worters, Vice President, Media Relations, Triple-I Growing up, Tracy Ryan always loved math. It came to her naturally. She liked the patterns, structures, and precision of math the poetry of logical ideas as Albert Einstein put it. When she went to college, and then onto graduate school, her focus was on pursuing a career that aligned with her favorite subject.

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Florida’s Insurance Scandal: The “Incomplete” Report That Almost Stayed Buried

Property Insurance Coverage Law

Floridas homeowners have been paying ever-increasing insurance premiums, but where has all that money been going? A secret state report, which regulators conveniently left unfinished and never shared with lawmakers, might have held the answer. That is, until an investigative journalist, Lawrence Mower, pried it loose from the states grasp, as discussed in Secret Report … The post Floridas Insurance Scandal: The Incomplete Report That Almost Stayed Buried appeared first on Property Insuranc

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Blog Post: Agentic AI in Business: Transforming Legal Decision-Making and Strategy

LexisNexis

By Madison Johnson, Esq. | Manager, Large Markets In recent discussions , legal industry experts have highlighted the potential of agentic AI systems as a transformative force for law firms aiming to leverage cutting-edge technology for competitive gain. This perspective is gaining widespread recognition. The traditional image of a lawyer pouring over dusty tomes and case files is fading as AI-powered tools are becoming integral to legal practice, reported National Law Review in February 2025.

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AI Is Turbocharging Organized Crime, EU Police Agency Warns

Insurance Journal

The European Union’s law enforcement agency cautioned Tuesday that artificial intelligence is turbocharging organized crime that is eroding the foundations of societies across the 27-nation bloc as it becomes intertwined with state-sponsored destabilization campaigns.

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Medicare Statistics And Facts In 2025

PSM Brokerage

Source: Forbes Medicare remains a cornerstone of health coverage for older adults in the U.S., providing essential benefits to more than 67 million Americans as of April 2024. With nearly half of all beneficiaries enrolled in Original Medicare and the other half opting for Medicare Advantage , the program continues to evolve to meet the needs of its diverse population.

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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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Flags of questionable quality grow market share

Splash: Finance and Insurance

Over 5,000 vessels – equivalent to 14.5% of the global merchant fleet – operate under registries with less than 10% ratification of International Maritime Organization and the International Labour Organization conventions, increasing exposure to enforcement actions, according to new data from analytics firm Kpler.

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2 Common Mistakes In Workers’ Comp Doctor Selection

AMAXX

When a workplace injury occurs, selecting the right physician is a critical factor in ensuring a smooth recovery and return to work. However, employers frequently make two common mistakes when directing employees to medical care: blindly using the network and providing an invalid doctor list. These errors can have significant consequences, including prolonged recovery times, increased claims costs, and a greater likelihood of litigation.

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Insurer’s Fraud and Valuation Arguments Fall Flat: Court Sends Key Issues to the Jury

Property Insurance Coverage Law

Fraud allegations in insurance disputes are serious business. When an insurer claims a policyholder intentionally misrepresented facts, its essentially saying, “You lied, and we dont have to pay.” After insurers make that argument, they often state, If we are wrong about the fraud arguments, the most we owe is actual cash value because you did … The post Insurers Fraud and Valuation Arguments Fall Flat: Court Sends Key Issues to the Jury appeared first on Property Insurance Cov

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Maximizing Value: Bundling Dental & Vision Insurance for Your Clients

Solstice Insurance Broker

As an insurance broker, you want to offer your clients solutions that are comprehensive in terms of coverage and appealing when it comes to cost. Bundling dental and vision insurance is a fantastic way to boost the value of what you offer. You can cater to a variety of client needs and make the purchasing process more streamlined.

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Extreme Weather in 2024 Forced Biggest Displacement of People in 16 Years

Insurance Journal

Extreme weather last year including typhoons, heatwaves and flooding led to the biggest displacement of people since 2008, and exacerbated a food crisis in more than a dozen countries, according to a report.

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Medicare SEP Disaster Policy Change Withdrawn: What Insurance Agents Need to Know

PSM Brokerage

The Centers for Medicare & Medicaid Services (CMS) has officially withdrawn the proposed changes to the Special Election Period (SEP) for Individuals Affected by a Government Entity-Declared Disaster or Other Emergency. Previously, CMS announced that starting April 1, 2025 , beneficiaries would need to call 1-800-MEDICARE to use this SEP. However, this requirement will no longer be implemented.

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Performance Shipping closes financing for LR2 newbuilds

Splash: Finance and Insurance

Greeces Performance Shipping has secured financing for its third newbuilding in China through another sale and leaseback deal.

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LMI activates our Catastrophe Response Plan

Prof. Allan Manning

Having attended every major natural catastrophe as LMI since 1999, both LMI Group and Aequum Adjusters have activated their respective Catastrophe Response plans putting in place the resources required to respond to the expected claims from Cyclone Alfred. We naturally hope that the cyclone changes course again and moves away from the coast but if the predications are correct and it will hit landfall in a very populus part of Australia, both organisations are set to provide the best possible res

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Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Property Insurance Coverage Law

Derek Chaiken and I visited a number of burned-out homes where our clients lived until the recent Los Angeles wildfires destroyed everything they owned. Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

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Part 2: Workers’ Comp Independent Premium Audits Explained

AMAXX

In this three-part series, we are examining nine elements of independent premium audits to help you better understand and control your workers’ compensation premiums. In the first part, we explored three elements to premium audits on how audits verify payroll accuracy, correct employer classifications, and handle standard exceptions. These foundational aspects are crucial for ensuring accurate premium calculations and avoiding costly mistakes.

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Australian Pension Fund Fined A$10.5 Million for Greenwashing

Insurance Journal

Australian pension fund Active Super has been fined A$10.5 million ($6.7 million) for making a number of misrepresentations about its environmental, social and governance credentials amid a regulator push to stamp out greenwashing.

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🎉PSM is Heading to Medicarians 2025 – Are You?

PSM Brokerage

The biggest event in the Medicare space is just around the corner, and PSM Brokerage is gearing up to make a splash at Medicarians 2025 in Las Vegas! This is where the top minds in Medicare, insurance, and senior health come together to network, learn, and take their business to the next level. And guess what? Well be there, and we want to meet YOU!

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Reignite Past Leads Now: Sales Pipeline Best Practices | Solstice

Solstice Insurance Broker

Nurturing your current prospects and clients is key to the success of your business. It's also important to spend time and energy reconnecting with past contacts and prospects that have become stale.

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Shipping and scenario planning

Splash: Finance and Insurance

How can you plan for the future when the present is so uncertain, writes Pierre Aury? Scenario planning involves looking at different scenarios with associated assumptions and events. These scenarios are not forecasts but views of how the future could unfold. These scenarios only need to be plausible.

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When Does Property Insurance Coverage Start? Only After You Move Into the Home?

Property Insurance Coverage Law

How many of us move into a home before purchasing it? How many days do you have to move into a new home after purchase to keep your insurance coverage valid? AmGuard took the position that the new homeowner had no coverage because she was not living at the premises when she purchased the policy … The post When Does Property Insurance Coverage Start?

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Australia Regulator Sues FIIG Securities for Cybersecurity Failures

Insurance Journal

The Australian securities watchdog said on Thursday it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period, which enabled a hacker to infiltrate its IT network.

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Swiss Insurers Baloise, Helvetia Said to Explore Combination

Insurance Journal

Baloise Holding AG and Helvetia Holding AG have been exploring a possible combination that could create one of Switzerland’s largest insurers, according to people familiar with the matter.

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Transportation Firm Faces Fines, Remediation Costs for Connecticut Oil Tanker Spill

Insurance Journal

Soundview Transportation faces a series of penalties and payments totaling $350,000 over a November 2022 oil tanker accident in Norfolk, Connnecticut, announced state Attorney General William Tong.

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Should We Call It the California Unfair Plan?

Property Insurance Coverage Law

The California FAIR Plan, the insurer of last resort for Californians struggling to find homeowners insurance, might be better renamed the “California Unfair Plan.” While intended to be a safety net, recent investigations and a comprehensive operational assessment 1 paint a troubling picture of an institution plagued by significant inefficiencies, questionable management practices, and poor … The post Should We Call It the California Unfair Plan?

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California OKs Increase in FAIR Plan Commercial Property Coverage Limits

Insurance Journal

California Insurance Commissioner Ricardo Lara approved a filing from the California FAIR Plan Association to increase commercial property coverage limits.

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Arctic Sea Ice Shrinks to Record Winter Low as Earth Heats Up

Insurance Journal

The Arctic Ocean likely had the smallest winter ice cover in 47 years of satellite records this season, with just 5.53 million square miles of sea ice covering the region at its peak on March 22.

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After Florida Report, Georgia Senator Wants Investigation into MGAs, Insurer Profits

Insurance Journal

Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Sen.

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Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Property Insurance Coverage Law

Derek Chaiken and I visited a number of burned-out homes where our clients lived until the recent Los Angeles wildfires destroyed everything they owned. Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?