Sat.Oct 26, 2024 - Fri.Nov 01, 2024

article thumbnail

Dozens of Alleged Looters, Unlicensed Construction Workers Arrested in Florida

Insurance Journal

More than 100 people were arrested late last week in storm-ravaged Pinellas County, Florida, charged with looting homes and working as unlicensed contractors, two weeks after Hurricane Milton forced many residents to evacuate.

article thumbnail

2024 National Flood Insurance Program Proof of Loss for Building and Contents

Property Insurance Coverage Law

The current version of the National Flood Insurance Program Proof of Loss for Building and Contents is available at the below link. THIS FORM IS ONLY ACCESSIBLE USING FIREFOX. You read that correctly; for some reason, you cannot access the form online using Google Chrome, Safari or Microsoft Edge. You MUST use Firefox. [link] The … The post 2024 National Flood Insurance Program Proof of Loss for Building and Contents appeared first on Property Insurance Coverage Law Blog.

Building 201
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

WOW Your Clients with Your Customer Service During Open Enrollment

Solstice Insurance Broker

As an insurance broker you are preparing for the busiest season on your schedule: open enrollment. It's no secret that providing top-notch customer service can be a challenge during this hectic period. You must impress and meet the demands of potential clients. Meanwhile you also need to uphold the standard of service that your existing clients are accustomed to.

article thumbnail

The Importance of Story Telling in Marketing Final Expense Insurance

Final Expense Brokerage

Oct 18, 2024 1:43:42 PM Contact Us Share: Learn how to captivate you clients with strong story telling. Selling final expense insurance goes beyond policies and payouts; it’s about providing families with a sense of security during challenging times when emotions run high, and decisions are difficult. Storytelling plays a key role in helping insurance agents form strong emotional connections with clients on a personal level.

Insurance 130
article thumbnail

Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms

Insurance Journal

A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy.

Theft 308
article thumbnail

Insurance Agents Get a Free Pass for Negligence with NFIP Policies: Federal Courts Create an Alice in Wonderland Defense

Property Insurance Coverage Law

Federal courts are creating an almost impossible barrier for policyholders trying to hold their insurance agents accountable for negligence involving National Flood Insurance Program (NFIP) policies. The reasoning by these courts defies common sense and leaves policyholders without recourse when agents fail to properly advise about or procure appropriate flood coverage.

More Trending

article thumbnail

Panama Canal numbers beat budget

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Panama Canal numbers beat budget appeared first on Insurance Marine News.

Marine 105
article thumbnail

Lemonade Remains in the Red With $68M Loss in Q3

Insurance Journal

Insurtech Lemonade reported a third quarter 20243 net loss of nearly $68 million and a year-to-date loss of $172.2 million. Results were in comparison to a net loss of $61.5 during the same quarter and a loss of $194.

282
282
article thumbnail

Pacific Coast Association of Public Insurance Adjusters 2024 Annual Meeting – Public Adjuster Associations Are Important

Property Insurance Coverage Law

The Pacific Coast Association of Public Insurance Adjusters (PCAPIA) will hold its 2024 Annual Meeting on November 11 and 12 in Marina Del Rey. I know some public adjusters are wondering if the “P” was simply added to the California Association of Public Insurance Adjusters (CAPIA). It was. Those Californians decided to be more inclusive and invited … The post Pacific Coast Association of Public Insurance Adjusters 2024 Annual Meeting – Public Adjuster Associations Are Important appeared f

article thumbnail

Blog Post: Data-Driven Insights: The Key to Winning Cases

LexisNexis

By Madison Johnson, Esq. | Marketing Manager Legal analytics has now become table stakes for litigation, with roughly seven in 10 legal professionals at law firms of various sizes using them in 2024, according to Lex Machina’s most recent The Impact of Legal Analytics survey. Moreover, the survey found that 100% of legal analytics users say they are valuable and a record-high 80% say they are now either “required” or “somewhat expected” by their clients.

Risk 105
article thumbnail

Massachusetts approves SouthCoast Wind Farm plans

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Massachusetts approves SouthCoast Wind Farm plans appeared first on Insurance Marine News.

Marine 105
article thumbnail

Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels

Insurance Journal

Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it.

Insurance 279
article thumbnail

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

article thumbnail

How High-Quality Insurance Agency Data Fuels Effective Market Research for Carriers and MGAs

Neilson Marketing Services

The insurance industry moves fast, and for carriers and MGAs, knowing where they stand with their independent agency partners is critical. Are they seen as a go-to resource for certain products? Do agents view them as valuable parts of their portfolio? The best way to answer these questions—and uncover growth opportunities—is by conducting a well-structured market research survey.

article thumbnail

Oil spill during bunkering operation off Singapore is stemmed

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Oil spill during bunkering operation off Singapore is stemmed appeared first on Insurance Marine News.

Marine 105
article thumbnail

Fla. DFS Offers to Check Contracts With Roofers, Adjusters; Tenn. Eyes Claims Denials

Insurance Journal

Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene and Milton spurred thousands of insurance claims.

Claim 280
article thumbnail

When Life Gives You Lemonade, They Give You No Coverage for Cryptocurrency

Property Insurance Coverage Law

In a recent Fourth Circuit Court of Appeals decision that leaves me scratching my head, Lemonade Insurance Company successfully argued that cryptocurrency isn’t covered under their homeowner’s policy because it’s not “tangible property.” 1 The irony is that a tech-forward insurance company named after a refreshing drink takes such a sour position on digital assets.

article thumbnail

Unlocking Local SEO for Insurance Agencies: Targeting Your Local Market

Neilson Marketing Services

Imagine a potential client in your neighborhood searching for home or auto insurance. They whip out their phone, type “best insurance agency near me,” and within seconds, a list of local businesses appears. Will your insurance agency be on that list? This is where the power of local SEO for your insurance agency comes into play. Being visible in local search is essential for capturing the attention of people actively looking for insurance products like yours.

article thumbnail

Effect of EU Deforestation Regulation on traders and operators

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Effect of EU Deforestation Regulation on traders and operators appeared first on Insurance Marine News.

Marine 105
article thumbnail

Crews Fight Large Brush Fire in Massachusetts; Separate Fire Kills 1

Insurance Journal

A woman died in an outdoor fire in Massachusetts at an encampment in Millbury on Saturday night and crews on Sunday were still fighting a large overnight brush fire in Salem as dry and windy conditions have raised the risk …

Risk 279
article thumbnail

One Example of How Florida’s Politicians Harmed Florida Policyholders By Passing Insurance Lobby Laws

Property Insurance Coverage Law

This is Florida law regarding when an insurance company must start investigating an insurance claim: 3)(a) Unless otherwise provided by the policy of insurance or by law, within 7 days after an insurer receives proof-of-loss statements, the insurer shall begin such investigation as is reasonably necessary unless the failure to begin such investigation is caused by … The post One Example of How Florida’s Politicians Harmed Florida Policyholders By Passing Insurance Lobby Laws appeared first

article thumbnail

GRATEFUL FOR THE INFLUENCE OF OTHERS

Rough Notes

Texas agency owner appreciative of those who helped shape his journey By Christopher W. Cook In the insurance industry, certain dedicated young professionals stand out among their peers and are members of an elite squad of individuals. These are their stories. “Dun dun.

article thumbnail

Solo Creed confirmed as arrested in Angola

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Solo Creed confirmed as arrested in Angola appeared first on Insurance Marine News.

Marine 105
article thumbnail

Allstate Turns in Net Income of $1.2B After Q3 Hurricanes

Insurance Journal

Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to a loss of $41 million during the same time a year ago.

Insurance 272
article thumbnail

Are Home Insurance Consumers Being Duped?

Property Insurance Coverage Law

Note: This guest blog is by Frank Lombard, CPCU, ARM, an independent property/casualty insurance advisor. Not a day passes without reading something about double-digit increases in the cost of home insurance. The insurance industry claims the increases are a result of inflation, climate change, and consumers filing more claims. While to some extent that may … The post Are Home Insurance Consumers Being Duped?

article thumbnail

HELPING YOUR CLIENTS UNDERSTAND HAIL

Rough Notes

A guide for agents and brokers on the peril, its impact, mitigation steps and response By Thomas Brocksmith As natural catastrophes go, hail probably isn’t at the top of the list of perils that keep most people up at night.

article thumbnail

Passenger on cruise ship died amid Force 11 winds, says MAIB interim report

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Passenger on cruise ship died amid Force 11 winds, says MAIB interim report appeared first on Insurance Marine News.

Marine 104
article thumbnail

Massachusetts Reports 18 Brush Fires; Smoke Blankets Eastern Communities

Insurance Journal

Residents in parts of eastern Massachusetts woke to the acrid smell of smoke Monday as firefighters worked to extinguish several brush fires.

Damage 268
article thumbnail

Reflections on the Erie COVID-19 MDL: A Bittersweet Journey Through Unprecedented Insurance Coverage Territory

Property Insurance Coverage Law

The recent voluntary dismissal of the Erie COVID-19 Business Interruption Protection Insurance Litigation marks the end of a significant chapter in insurance coverage law.1 As a member of the Plaintiff’s Steering Committee in this MDL, I had the privilege of working alongside some of the most talented policyholder attorneys in the country, including Kelly Iverson, … The post Reflections on the Erie COVID-19 MDL: A Bittersweet Journey Through Unprecedented Insurance Coverage Territory

article thumbnail

How to prevent employee theft: 6 tips business owners should know.

Frankenmuth Insurance

Did you know? One of the biggest threats to your small business isn’t an external factor, but an internal one. Employee theft accounts for some of the highest losses among small business owners every year. It’s a shocking fact, but it’s also one that can be reduced. Follow these six tips to prevent employee theft and protect your small business. Perform a background check.

Theft 95
article thumbnail

Shipbroker settles for $380,000 after failing to disclose voyage restrictions, sparking arbitration dispute

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Shipbroker settles for $380,000 after failing to disclose voyage restrictions, sparking arbitration dispute appeared first on Insurance Marine News.

Marine 103
article thumbnail

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 …

267
267
article thumbnail

Blog Post: Experts: If Musk Worked Illegally and Lied About It, Then.

LexisNexis

Tim Marchman, Wired, Oct. 31, 2024 "Elon Musk could have his United States citizenship revoked and be exposed to criminal prosecution if he lied to the government as part of the immigration process, according to legal experts. Stephen Yale-Loehr , a professor at Cornell Law School and faculty director of its Immigration Law and Policy Program, says that it’s not clear that if Musk worked in the US without authorization and attested he hadn’t, that would be considered important enough to den

Policy 85
article thumbnail

One AI Takeaway from 2024 National Comp in Las Vegas

AMAXX

I recently returned from the 2024 National Comp Convention in Las Vegas, and I have one primary takeaway that I want to share with you. My name is Michael Stack, CEO of Amaxx, and this convention is always such a valuable experience. I’ve been attending for the past 12 or 13 years, and each year it provides rich content, meaningful relationship-building, and critical industry insights.