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Supreme Court Allows More Transport Workers to Bypass Arbitration and Sue Employers

Insurance Journal

The U.S. Supreme Court on Friday paved the way for more truck drivers and other transportation workers to file employment-related lawsuits in court rather than private arbitration, ruling that an exemption from arbitration extends to workers outside...

Posted: Apr 15, 2024

Maine Lawmakers Approve Liability Shield for Abortion and Gender Care Providers

Insurance Journal

The Democratic-controlled Maine Legislature gave final approval Friday to a bill that would protect health care workers who provide abortion and gender-affirming care from legal action brought in other states. If signed by Democratic Gov. Janet Mills...

Posted: Apr 15, 2024

Cargo Owners in Baltimore Disaster Face ‘General Average’ Loss Sharing, MSC Says

Insurance Journal

The owner of the ship that destroyed Baltimore’s Francis Scott Key Bridge has started a formal process in which companies that own goods on the stricken Dali will have to share some of the financial losses, according to the world’s &#8230...

Posted: Apr 15, 2024

Horner promoted to VP of Individual Disability Insurance & Corporate Development, The Standard

Reinsurance News

Standard Insurance Company (The Standard) has promoted Jeremy Horner to the role of Vice President of Individual Disability Insurance and Corporate Development. Horner joined the organisation in 2009 and has served in a variety of leadership roles...

Posted: Apr 15, 2024

Washingon Commissioner Issued $255K in Fines in March

Insurance Journal

Washington Insurance Commissioner Mike Kreidler issued $255,000 in fines in March for violations of state insurance laws and regulations. The fines and violations listed by Kreidler’s office included: Coordinated Care Corp.; fined $35,000 Due t...

Posted: Apr 15, 2024

Protected: Value-Based Treatment Moves Care Upstream for Better Outcomes

Risk & Insurance

There is no excerpt because this is a protected post. The post Protected: Value-Based Treatment Moves Care Upstre...

Posted: Apr 14, 2024

Mapping the Intensifying Flood Threat

Insurance Thought Leadership

Mapping the Intensifying Flood Threat Personal Lines ClareCarroll1 Sun, 04/14/2024 - 2...

Posted: Apr 14, 2024

Small Quake Shook California Desert Near Site of Coachella Music Festival

Insurance Journal

A small earthquake shook the Southern California desert Saturday near Coachella, where the famous music festival was being held this weekend. No damage or injuries were reported. The quake, with a preliminary magnitude of 3.8, hit at 9:08 a.m. about...

Posted: Apr 14, 2024

Key Attributes to Help You Choose an Insurance Recruiter

Insurance Journal

When selecting a recruiting partner, there are several important qualities and factors to consider. The recruiter should be an advisor who adds value to your talent acquisition efforts and is a brand ambassador who represents your organization the sa...

Posted: Apr 14, 2024

Materiality Matters: D&O Insurers Seek Clarity On SEC Disclosure Rules

Insurance Journal

By Elizabeth Blosfield The U.S. Securities and Exchange Commission adopted final rules almost a year ago in July 2023 requiring public companies to disclose both material cybersecurity incidents and material information regarding their cybersecurity...

Posted: Apr 14, 2024

5 Strategies for Managing Carrier & Client Relationships in a Hard Market

Insurance Journal

As hard-market conditions continue to drive rate increases, independent agents face two challenges: explaining policy changes to their clients while continuing to nurture relationships with their carrier partners. Simultaneously accomplishing these t...

Posted: Apr 14, 2024

Middle-Market Companies Post Record Gains: Chubb

Insurance Journal

By Allen Laman Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb. A record 77% of companies reported performance improvement in the last six months of &...

Posted: Apr 14, 2024

D&O Risks to Consider When Exploring the New Frontier of Gen AI

Insurance Journal

Is the world being overtaken by robots? While the answer to that question is clearly “no” – or at least, “not yet” – it seems that the focus of nearly every industry and business media outlet is artificial intellig...

Posted: Apr 14, 2024

Motorized scooters, e-bikes and no-fault coverage

NU Property & Casualty 360

The convenience and affordability of motorized scooters, mopeds and E-bikes also comes with a price in the form of injuries, sometimes fatal.

Posted: Apr 14, 2024

Unlocking the High Net-Worth Foreign Nationals Life Insurance Market

IA Magazine

Agents must be willing to put in the work to overcome a maze of U.S. and foreign regulations, as well as logistical hurdles, to get foreign national clients life policy funded.

Posted: Apr 14, 2024

Navigating the complexities of representations and warranties insurance

NU Property & Casualty 360

RWI helps facilitate smoother transactions by transferring transaction-related risks to insurance carriers.

Posted: Apr 14, 2024

The Pitfalls of Project Valuation for Builders Risk

IA Magazine

Valuing projects for builder’s risk coverage isn’t as straightforward as it seems. Learn why.

Posted: Apr 14, 2024

What’s So Great About a Career in an Insurance Agency

Insurance Journal

What’s so great about a career in an insurance agency? Lots, actually. Like opportunity, flexibility, training, challenges, good pay, helping others, and job security. What’s more, it’s an opportunity available to those who have a c...

Posted: Apr 14, 2024

Cyber Risk Strategies to Minimize Business Disruption, Control Liability and Litigation Exposure

Insurance Journal

Security threats are getting more sophisticated – and expensive – and this trajectory will continue. Digital footprints and technology usage will only keep expanding, adding to vulnerability and presenting more opportunities for compromis...

Posted: Apr 14, 2024

Weathering the Storm: The Impact of Climate-Driven Risk Reassessments on the Housing Market

Insurance Journal

One of the most pressing challenges facing insurance professionals today is the escalating impact of extreme weather events in traditionally disaster-prone areas. Last year alone, the U.S. witnessed a staggering $92.9 billion in weather-related damag...

Posted: Apr 14, 2024

Designated Premises, Operations and Projects Endorsements

Insurance Journal

In 2017, I developed a webinar called “Raiders of the Lost Coverage: Insurance Jones and the Temple of Exclusions.” It evolved from an earlier seminar I did with the late John Eubank, CPCU, ARM, called “Horrible Commercial Lines Pol...

Posted: Apr 14, 2024

3 Tips Agents Can Offer Clients to Protect Their Property From Flooding

IA Magazine

As the climate changes, independent agents play a major role in educating their clients on the need to purchase flood insurance, as well as providing advice to clients on the steps to take to protect their property.

Posted: Apr 14, 2024

Insurance Agency Trust Accounting — More Important than Ever

Insurance Journal

My articles regarding insurance agency accounting seem to elicit some of the most positive feedback of any subject I discuss. Trust accounting is the bedrock, the most essential aspect of insurance agency accounting – bar none. Insurance agency...

Posted: Apr 14, 2024

Who's using what in P&C insurance: April 15, 2024

NU Property & Casualty 360

Insurance technology news from Send Technology Solutions, Trean Insurance Group, Bond-Pro, and more.

Posted: Apr 14, 2024

Unlocking the High Net-Worth Foreign Nationals Life Insurance Market

IA Magazine

Agents must be willing to put in the work to overcome a maze of U.S. and foreign regulations, as well as logistical hurdles, to get foreign national clients life policy funded.

Posted: Apr 14, 2024

What Industry Executives Are Saying About Loss Reserves, Social Inflation

Insurance Journal

Executives at carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, discussed the “problematic accident years” and lines of business, drawing their own comparisons to...

Posted: Apr 14, 2024

HUB Private Client Launches Exclusive High Net-Worth Excess Wildfire Program

IA Magazine

The new HUB High Net Worth Excess Wildfire Program addresses the insurance and risk management needs of affluent families and individuals.

Posted: Apr 14, 2024

AF Group Joins Triple-I as Its Latest Member

Insurance Information Institute

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected]   NEW YORK, April 15, 2024— AF Group has joined the Insurance Information Institute (Triple-I) as its most recent member....

Posted: Apr 14, 2024

Nomination deadline extended for 2024 workers' comp awards

NU Property & Casualty 360

The deadline to nominate is now May 1, 2024.

Posted: Apr 14, 2024

The biggest workers' compensation carriers (based on market share)

NU Property & Casualty 360

Through the first half of 2023, private workers' comp carriers had a 47% combined direct loss ratio.

Posted: Apr 14, 2024

How California homeowners can protect their assets in 2024

NU Property & Casualty 360

Homeowners in the Golden State must navigate insurance instability and uncertainty with care.

Posted: Apr 14, 2024

The Ethics of AI in Commercial Insurance: How to Approach this Revolutionary Technology Responsibly

IIR

From confronting biases inherent in data to ensuring transparency and regulatory compliance, stakeholders must proactively address these challenges to foster responsible AI development and deployment within the commercial insurance sector.

Posted: Apr 12, 2024

Munich Re Specialty Launches FAIR Plan Commercial Wrap Product in California

Insurance Journal

Munich Re Specialty Insurance is launching a FAIR Plan Commercial Wrap, available to commercial insureds in California who seek comprehensive coverage in tandem with their FAIR Plan coverage. MRSI’s FAIR Plan Commercial Wrap is designed to enab...

Posted: Apr 12, 2024

Revolutionizing Customer Engagement: The Impact of Omnichannel Experiences in the Insurance Indu...

Insurance Thought Leadership

Revolutionizing Customer Engagement: The Impact of Omnichannel Experiences in the Insurance Industry From Our Partners...

Posted: Apr 12, 2024

Study: Risk Perception Drops After Hurricanes

Carrier Management

Study: Risk Perception Drops After Hurricanes As time passes after...

Posted: Apr 12, 2024

Nationwide partners with EnforcerOne

coverager

Nationwide's agriculture insurance customers can now receive a 20% discount on a variety of EnforcerOne and FIREBULL products. 

Posted: Apr 12, 2024

People Moves: RT Specialty Promotes Murrey to President of Commercial Lines Binding Authority

Insurance Journal

RT Specialty, the wholesale distribution division of Ryan Specialty, headquartered in Chicago, promoted Jason Murrey to president of commercial lines binding authority. Murrey joined RT Specialty in 2017 through the acquisition of N-Surance Outlets w...

Posted: Apr 12, 2024

Lawyers Want Ohio Residents to Wait for Details of $600M Derailment Settlement

Insurance Journal

The lawyers who negotiated a $600 million settlement with Norfolk Southern over that railroad’s disastrous 2023 derailment in Ohio want residents to talk with them before deciding the historic deal isn’t enough. They said Wednesday that t...

Posted: Apr 12, 2024

Litigation Causing Increased Construction Liability Claims and Challenges

Risk & Insurance

RT Specialty Environmental and Construction Practice releases 2024 report on liability insurance market conditions. The post

Posted: Apr 12, 2024

R&Q to Sell Stake in Obra Joint Venture for $30M, Expects “Significant Pre-Tax Loss”

Insurance Journal

R&Q Insurance Holdings, (R&Q) the Bermuda-based non-life speciality insurer that focuses on program management and legacy insurance business, announced it has agreed to sell its stake in a joint venture with Obra Capital for $30 million. At t...

Posted: Apr 12, 2024

Storms Bring Floods and Damaging Wind Across the South

Insurance Journal

SLIDELL, La. (AP) — Severe storms blamed for a death in Mississippi spawned a tornado that demolished buildings in one Louisiana city Wednesday while inundating streets in low-lying New Orleans with hours of steady rain that snarled traffic and strai...

Posted: Apr 12, 2024

DeSantis Signs Bill Barring Local Worker Heat Protection Measures

Insurance Journal

Florida Gov. Ron DeSantis this week signed into law a prohibition on local governments requiring worker protections from heat exposure, a law that could potentially lead to more workers’ compensation claims from stricken laborers. At the same t...

Posted: Apr 12, 2024