Sat.Dec 14, 2024 - Fri.Dec 20, 2024

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Medicare Advantage Whistleblower Case Settled in New York

Insurance Journal

US authorities have reached a settlement to resolve a whistleblower case alleging that a New York state health insurer systematically defrauded the federal Medicare program by exaggerating how sick members were in order to boost profits.

Insurance 277
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National Flood Proofs of Loss for Hurricanes Helene and Milton Extended to 180 Days

Property Insurance Coverage Law

When it comes to Santas Naughty or Nice list, Jeff Jackson is trying very hard to raise his status to nice. Jackson is the most senior executive of the National Flood Insurance Program (NFIP.) Jackson extended the deadline for policyholders to file their Hurricane Helene or Milton flood proofs of loss to 180 days. The … The post National Flood Proofs of Loss for Hurricanes Helene and Milton Extended to 180 Days appeared first on Property Insurance Coverage Law Blog.

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What Building Insurance Do I Need for My Business?

Central Insurance

Are you sure your business is adequately insured? From building coverage to asset protection, we're breaking down the essentials every small business owner needs to know. The post What Building Insurance Do I Need for My Business? appeared first on Central Insurance Blog.

Building 130
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Syria’s ports working normally as Ukraine looks to supply staple foods

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Syrias ports working normally as Ukraine looks to supply staple foods appeared first on Insurance Marine News.

Marine 105
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Streamline Insurance Claims Management By Analyzing Legal Trends

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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Senate Says Climate Is Causing Insurance ‘Crisis’; Industry Strikes Back

Insurance Journal

The U.S.

More Trending

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9 Types of Insurance for Food Trucks 

Central Insurance

Running a food truck comes with unique risks. Learn about the essential insurance coverages to protect your business from unexpected events. The post 9 Types of Insurance for Food Trucks appeared first on Central Insurance Blog.

Insurance 130
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Russian shadow fleet vessels passing through Baltic to be checked for insurance

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russian shadow fleet vessels passing through Baltic to be checked for insurance appeared first on Insurance Marine News.

Marine 105
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Liberty Mutual Weighs Sale of Thailand, Vietnam Assets

Insurance Journal

Liberty Mutual Holding Co. is considering a sale of its businesses in Thailand and Vietnam as the US insurer seeks to streamline its operations, according to people familiar with the matter.

Insurance 263
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Understanding The Collapse Peril

Property Insurance Coverage Law

There was more to be said about yesterdays post:When is a Collapse Not a Collapse? The Importance of Proving Damages for Partial Losses. One item that should be understood is that the ISO changed the collapse peril language so that collapse cases before 2000 do not have an enlarged definition of collapse, and many cases … The post Understanding The Collapse Peril appeared first on Property Insurance Coverage Law Blog.

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Why Paid-Up Additions Matter

The Insurance Pro

If I had to pick one, and only one, additional feature of whole life insurance, it is hands down the paid-up additions feature. Even if I lose the ability to blend death benefit, if I still have the PUA feature, I'm in a position to augment policy value. This very special aspect of whole life. Keep Reading The post Why Paid-Up Additions Matter appeared first on The Insurance Pro Blog.

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A third Russian tanker issues distress signal near Kerch Strait

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post A third Russian tanker issues distress signal near Kerch Strait appeared first on Insurance Marine News.

Marine 104
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Global Warming Can’t Be Ignored, Montana’s Top Court Says, Upholding Landmark Climate Case

Insurance Journal

Montana’s Supreme Court upheld a landmark climate ruling that said the state was violating residents’ constitutional right to a clean environment by permitting oil, gas and coal projects without regard for global warming.

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John Pepper Passes

Property Insurance Coverage Law

The last time Edward Badiu sent me an out-of-the-blue text message, it was about two hours after the Champlain Towers collapsed. This time, it was about the passing of John Pepper. I have many memories of John Pepper.One of the longest-lasting was on April 19, 1995. I was taking another Hurricane Andrew deposition of John. … The post John Pepper Passes appeared first on Property Insurance Coverage Law Blog.

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EnTrust strikes deal on cash offer for Belships

Splash: Finance and Insurance

US asset management firm EnTrust Global is set to launch a voluntary cash tender offer to take over Norwegian bulker owner Belships. Blue Northern, a special purpose vehicle formed by funds managed by the Blue Ocean maritime investment team at EnTrust, will offer NOK20.

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Agile launches marine division with Hughes as head

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Agile launches marine division with Hughes as head appeared first on Insurance Marine News.

Marine 97
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What’s Not Changing in 2025: Homeowners Outlook, Re Retentions

Insurance Journal

When analysts at AM Best reviewed outlooks for the property/casualty insurance and reinsurance sectors this week, recent good news of a change in outlook for personal linesand for the personal auto insurancewere the first highlights.

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Roofers and Restoration Contractors Need to Nail Down Contract Terms: Unenforceable Agreements in the Insurance Restoration Industry Are Common but Often Not Challenged

Property Insurance Coverage Law

When it comes to insurance roofing and restoration contracting, I often wonder if the construction contract is enforceable. A recent Florida case, Florida Roof Specialists, Inc. v. Gloria A. Arthur, 1 highlights the dangers contractors face when contracts lack essential legal elements. This ruling serves as a cautionary tale for insurance restoration contractors and roofers … The post Roofers and Restoration Contractors Need to Nail Down Contract Terms: Unenforceable Agreements in the Insu

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Taylor Maritime Investments set for rebrand

Splash: Finance and Insurance

Pursuant to a shareholder vote next month, London-listed dry bulk concern Taylor Maritime Investments will change its name to Taylor Maritime Limited.

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Tim S. Dool refloated after three weeks aground in St Lawrence River

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Tim S. Dool refloated after three weeks aground in St Lawrence River appeared first on Insurance Marine News.

Marine 95
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Tesla Recalls Nearly 700,000 Vehicles in Over Tire Pressure Monitoring Issue

Insurance Journal

Tesla said on Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure monitoring system (TPMS).

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Policyholders Win a Covid Case! North Carolina Supreme Court Rules Government Closure Order Can Result In “Direct Physical Damage”

Property Insurance Coverage Law

I have a vision of Amy Bach, the Executive Director of United Policyholders, jumping for joy as she read the North Carolina Supreme Court opinion, which the insurance industry must think of as a Friday the 13th ruling. The court noted its conclusion early in the opinion: Because a reasonable policyholder in the restaurants shoes … The post Policyholders Win a Covid Case!

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Blog Post: $92.5 Million Class Action Settlement for Immigrants Unlawfully Detained in New York City Jails

LexisNexis

Emery Celli Brinckerhoff Abady Ward & Maazel LLP, Dec. 18, 2024 "Under a legal settlement presented to the court today by ECBAWM and Benno & Associates, P.C., New York City has agreed to pay up to $92.5 million to resolve claims by individuals who were unlawfully detained by the NYC Department of Correction between April 1, 1997 and December 21, 2012.

Crime 81
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US hits Russian shipping companies with new sanctions

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US hits Russian shipping companies with new sanctions appeared first on Insurance Marine News.

Marine 93
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Walmart’s DEI Compromise Holds Lessons for Corporate America

Insurance Journal

“Robby Starbuck has viewed your profile.” The LinkedIn alerts for Walmart Inc. executives started appearing on Nov. 18, offering an early signal that the anti-DEI campaigner was setting his sights on the biggest US private employer.

Policy 251
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The Importance of Understanding “Residence Premises” in Homeowner’s Insurance—Where You Reside Is Often an Important Coverage Issue

Property Insurance Coverage Law

Death, divorce, disease, disability and wealth often lead to situations where people may change homes or have multiple places to live. Anytime these happen, policyholders need to be careful that their residential insurance policies do not stop providing full coverage. This is a significant issue, as I noted in Residence Premises and Other Killer Exclusions, … The post The Importance of Understanding Residence Premises in Homeowners InsuranceWhere You Reside Is Often an Important Coverage I

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China Merchants signs for newcastlemax newbuild brace

Splash: Finance and Insurance

China Merchants Energy Shipping (CMES) has struck a lease deal for a pair of scrubber-fitted newcastlemax bulker newbuilds delivering in 2026. The Shanghai-listed diversified shipping arm of China Merchants Group said in a filing it would be paying around $100m to take 210,000 dwt vessels on charter from China Merchants Financial Leasing for five years.

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Blog Post: The Deportation of American Citizens Has Begun (Again)

LexisNexis

[It's been happening for decades; this is just the most recent example.] Cory McCord, KHOU, Dec. 16, 2024 "A Houston man is fighting back after they said Immigration and Customs Enforcement Agency agents unexpectedly deported his wife and four children last week. It happened on Wednesday, Dec. 11, according to attorneys. Federico Arellano Jr. was there when ICE took his wife and children.

Agents 81
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California Man Sentenced to 16 Years for Auto Insurance Fraud

Insurance Journal

A California man was sentenced to 16 years in prison for filing false claims on dozens of auto collisions.

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Boost your business: 8 ways to promote your business on social media.

Frankenmuth Insurance

You may be on social media, but are you maximizing your presence? With 71% of small- and medium-sized businesses utilizing these platforms, knowing effective ways to promote your business on social media is crucial. Here are eight essential strategies to boost your social media impact and promote your brand. Leverage social media ads. While organic reach is valuable, investing in social media ads can significantly boost your visibility.

Agents 75
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The Spaghetti Tower Study: Kindergarteners Can Teach Us About Reducing Workers’ Comp Costs

AMAXX

In a groundbreaking group dynamics exercise, Peter Skillman, an engineer, conducted a fascinating study across several universities, including Stanford, University of California, and Tokyo University. The challenge was simple yet revealing: participants had to build the tallest tower possible using 20 pieces of uncooked spaghetti, one yard of transparent tape, one yard of string, and a single marshmallow, which had to sit on top of the tower.

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Blog Post: Access to Complete Federal District Court Data is Crucial for Litigation Analytics

LexisNexis

By Madison Johnson, Esq. | Manager, Large Markets Successful litigators often talk about the importance of grounding their case strategies in objective data and then relying on their experience to make nuanced judgments as they go about the litigation of the matter. In recent years, the use of litigation analytics has become a powerful tool in the hands of these lawyers.

Damage 59
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AI Focal Point of Cybersecurity Outlook for 2025, Says Experian

Insurance Journal

Artificial intelligence is at the center of Experian’s annual breach forecast due to its enabling capabilities.

Cyber 246
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How Much Does It Cost to Become an Insurance Agent?

PSM Brokerage

Becoming an insurance agent is an exciting career path that offers flexibility, financial growth, and the opportunity to help people secure their health and financial well-being. For those planning to specialize in health insurance, Medicare products, and ancillary offerings like dental and vision insurance, the possibilities are even greater. However, getting started requires understanding the steps and costs involved.