Tue.Apr 29, 2025

article thumbnail

Markets/Coverages: BHSI Updates Private Company Executive Lines Suite in Canada

Insurance Journal

Berkshire Hathaway Specialty Insurance (BHSI) has introduced an update to its Private Company Executive Lines suite of products in Canada and named Shaun Lue as private company leader.

Liability 189
article thumbnail

The Hidden Insurance Gap: Why New Homes and Businesses Need Ordinance or Law Coverage

Property Insurance Coverage Law

When it comes to protecting your home, business, or investment property, theres one essential coverage that many property owners overlook regarding Ordinance or Law (O&L) coverage. Insurance agent expert and educatorDavid Thompson, in a comment to a discussion on Property Insurance Coverage Law, highlights a common and critical misconception and highlights that newly constructed buildings … The post The Hidden Insurance Gap: Why New Homes and Businesses Need Ordinance or Law Coverage a

Insiders

Sign Up for our Newsletter

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

article thumbnail

People Moves: CEO of Carbon Retires for Health Reasons, Succeeded by Ferrier; Chaucer Taps SCOR’s Brown, Everest’s Cleair as Underwriters for International Property

Insurance Journal

This edition of International People Moves details appointments at the managing general underwriter Carbon Underwriting and specialty re/insurer Chaucer. A summary of these new hires follows here.

article thumbnail

The Hidden Insurance Gap: Why New Homes and Businesses Need Ordinance or Law Coverage

Property Insurance Coverage Law

When it comes to protecting your home, business, or investment property, theres one essential coverage that many property owners overlook regarding Ordinance or Law (O&L) coverage. Insurance agent expert and educatorDavid Thompson, in a comment to a discussion on Property Insurance Coverage Law, highlights a common and critical misconception and highlights that newly constructed buildings … The post The Hidden Insurance Gap: Why New Homes and Businesses Need Ordinance or Law Coverage a

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

Why Restarting a Power Grid After Massive Collapse Is So Hard

Insurance Journal

It’s a worst case scenario that grid operators plan for but hope never to encounter.

More Trending

article thumbnail

Ransomware Hack Said to Be Cause of Marks & Spencer Outages

Insurance Journal

A ransomware attack is the cause of a disruption at Marks & Spencer Group Plc.

Cyber 230
article thumbnail

Blog Post: Legal Tracker Software Maximizes Efficiency

LexisNexis

Effective resource management with legal tracker software is vital for the success of a law department. It provides a streamlined approach to maximizing efficiency, enhancing productivity and empowering collaboration among the in-house legal team and their outside counsel. Managing legal operations requires optimization. With legal tracker software, legal departments can optimize spending and ensure compliance with industry regulations.

article thumbnail

New Jersey Wildfire 75% Contained; Crews to Remain on Scene Until ‘Significant’ Rain

Insurance Journal

The New Jersey Forest Fire Service reported continued progress in fighting the Jones River wildfire, with the fire being 75% contained by noon on Monday, April 28.

227
227
article thumbnail

Landlord Insurance in Colorado: Coverages, Costs, and Benefits

Distinguished

With a growing population, a strong job market, and more renters than most states 34.1% of residents Colorado is a great place to own landlord-managed properties. Although cities like Denver, Boulder, and Colorado Springs have thriving real estate markets, owning rental properties still comes with risks, making rental property insurance essential.

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

Historic Memphis Church a Total Loss After Late Night Fire

Insurance Journal

A Memphis church known as a rallying spot in the Civil Rights Movement suffered major damage in a fire that broke out early Monday morning.

Damage 227
article thumbnail

Blog Post: Title IX, IEPs and the First Amendment: A Federal Law Survival Guide for Public Schools

LexisNexis

In todays educational landscape, navigating the classroom is only half the battle. The other half? Navigating the legal maze that surrounds every decision school leaders make. From student discipline to free speech, the legal stakes in public education have never been higher. Missteps can mean lawsuits, federal investigations or lasting reputational damage.

article thumbnail

Progressive Insurance Is Hiring Again; 12,000 More People Needed

Insurance Journal

Almost a year to the day after Progressive announced it would hire more than 10,000 people to fill claims, IT and legal roles in 2024, the nation’s second largest auto insurer said it now has 12,000 job openings.

article thumbnail

Annuity Marketing & Sales Support — Powered by PSM

PSM Brokerage

Add Annuities to Your Portfolio. Well Help You Sell Like a Pro. PSM is bringing the same trusted support you know now focused on annuities. Partner with a team that delivers next-level marketing, lead gen, and training to help you tap into your existing book of business and close more annuity sales. Heres what youll get when you contract: Access to over 40 top carriers High-converting, targeted lead campaigns Customized marketing materials (postcards, flyers, ads) Annuity Rate Watch illustr

article thumbnail

Clearwater Boat Crash Kills One Person, Injures 10 at End of Festival

Insurance Journal

The driver of a boat that appeared to leave the scene after a fatal crash in Clearwater, Florida, was not intoxicated but could still face multiple charges in the tragedy, according to local news media and the Associated Press.

article thumbnail

Blog Post: Bill to Limit Auto Accident Damages for ‘Unauthorized Aliens’ in LA

LexisNexis

Unauthorized Alien Limits Among Trio of Auto Insurance Proposals Under Consideration in LA House Three auto insurance bills cleared the Louisiana House Committee on Civil Law and Procedure last month. One of them ( HB 436 ) would prohibit unauthorized aliens from receiving general damages, including compensation for pain and suffering, in auto accident cases, although they could still receive special damages, including medical expenses and property damage.

Damage 40
article thumbnail

Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes

Insurance Journal

Cincinnati Financial Corp. recorded a first quarter 2025 net income loss of $90 million compared to a gain of $755 million during the same period the prior year.

Insurance 211
article thumbnail

Costco Connect Insurance: Everything you should now

Agency Height

Are you looking for better coverage at a lower price? Discover why Costco members are switching to Costco Connect Insurance. 1. Auto In.

article thumbnail

Spanish Grid Operator’s First Assessment Rules Out Cyber Attack Behind Blackout

Insurance Journal

Spanish electricity grid operator REE said on Tuesday its preliminary assessment had ruled out cyberattack as the cause of the nationwide power outage that hit most of Spain and Portugal on Monday.

Cyber 204
article thumbnail

Blog Post: States Turn to Tech to Help Address High Maternal Mortality

LexisNexis

In 2022, there were about 22 maternal deaths for every 100,000 live births in the United States. Thats the highest rate of maternal deaths among high-income nations worldwide. That sobering statistic seems to have caught the attention of policymakers across the country as several states have turned in recent months to technology to improve maternal health.

52
article thumbnail

FBI Raided the Wrong House. Now the US Supreme Court Will Hear Their Lawsuit

Insurance Journal

ATLANTA (AP) Before dawn on Oct.

Agents 147
article thumbnail

Blog Post: Social Media Bill Override Attempt in CO, Social Media Warning Label Bill on Move in CA & More

LexisNexis

Social Media Bill Dodges Veto Override in CO Colorado Gov. Jared Polis (D) veto of a social media bill ( SB 86 ) survived an override attempt. The states Democrat-controlled Senate voted 29-6 in favor of overriding the measure, which would have required large social media companies to remove accounts involved with the selling of guns or drugs or with sex trafficking or the sexual exploitation of minors.

article thumbnail

Apollo’s Aspen Insurance Targets $2.9B Valuation in US Stock Market Return

Insurance Journal

Aspen Insurance said on Tuesday it was seeking a valuation of up to $2.85 billion in its New York flotation, as the Bermudian specialty insurer looks to go public again in the United States after more than six years.

Insurance 147
article thumbnail

Blog Post: Medical Debt Legislation in WA, VT & Psilocybin Legalization Bill in IA

LexisNexis

WA Enacts Law Keeping Medical Debt Off Credit Reports Washington Gov. Bob Ferguson (D) signed a bill ( SB 5480 ) prohibiting collection agencies from reporting unpaid medical debt to credit agencies. The measure, which takes effect on July 27, is similar to a federal rule approved by the Biden administration but placed on hold by the Trump administration. ( WASHINGTON STATE STANDARD ) VT Passes Medical Debt Bill Vermonts Legislature also passed a bill ( SB 27 ) that would prohibit credit reporti

License 40
article thumbnail

Increased Writings in Homeowners Adds to US Surplus Lines Growth

Insurance Journal

Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted insurers.

Premium 147
article thumbnail

New Report Shows Rise in Cargo Theft, With Three States Leading the Way

Insurance Journal

Cargo theft across the U.S. and Canada continued to rise in 2024, with three states making up the bulk of losses, a new report shows.

Theft 147
article thumbnail

Warner Bros Fends Off Superman Copyright Lawsuit Ahead of New Movie

Insurance Journal

Warner Bros. Discovery convinced a U.S. judge to dismiss a lawsuit over rights to the iconic character Superman, lifting a legal headache before the company releases its new “Superman” movie this summer. U.S.

147
147
article thumbnail

Indiana Steel Mill Processor Fined $190K for Clean Air Act Violations

Insurance Journal

The U.S. Environmental Protection Agency announced a settlement for alleged violations of the Clean Air Act with Phoenix Global, a company in Burns Harbor, Indiana, that processes slag from a steel mill. The company paid $190,860 in penalties.

article thumbnail

How an Upgrade to Producer Onboarding Can Fuel Carrier Growth: A Life Insurer’s Perspective

Insurance Journal

This post is part of a series sponsored by AgentSync.

article thumbnail

Wastewater is Polluting Rivers and Streams in Central Texas

Insurance Journal

Margo Denke set out to rally the town when she learned that a Christian youth camp planned to build a wastewater treatment plant and discharge its effluent into the pristine Hill Country creek that ran through her small ranch.

Building 130