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Deductibles serve several purposes. They provide some premium relief for the insured. They make insureds less likely to file smaller claims because either damage falls within the deductible, or is so close to it that the policyholder would rather not...
Posted: Oct 16, 2024
Golden hashbrowns, gravy-smothered biscuits and crispy waffles with a hearty helping of maple syrup are among the classic Southern comfort foods. But when hurricanes tear through Southeastern towns, the hot meals and bold yellow signs of the local Wa...
Posted: Oct 16, 2024
WELLINGTON, Fla. (AP) — Tony Brazzale, a diving boat captain who has lived for 10 years in his Wellington home in southeastern Florida, wasn’t worried about Hurricane Milton. The storm’s center was forecast to make landfall on the opposit...
Posted: Oct 16, 2024
Oregon’s Multnomah County, home to Portland, has added the state’s largest natural gas utility to its $51.5 billion climate lawsuit against fossil fuel companies over their role in the region’s deadly 2021 heat- dome event. The laws...
Posted: Oct 16, 2024
California’s State Average Weekly Wage rose nearly 3.8% in the year ending March 31, resulting in an increase in California workers’ compensation temporary total disability and permanent total disability rates for 2025 work injury claims...
Posted: Oct 16, 2024
Google is endorsing a bill that would require people filing lawsuits to disclose who will be paying for – and profiting from – the litigation. The bill, introduced last week by California Republican Representative Darrell Issa, would require plaintif...
Posted: Oct 16, 2024
Johnson & Johnson must pay $15 million to a Connecticut man who alleges that he developed mesothelioma, a rare form of cancer, as a result of using the company’s talc powder for decades, a jury found on Tuesday. Plaintiff Evan …
Posted: Oct 16, 2024
Sprout.ai, a claims automation insurtech, has appointed Ian Thompson as the first member of its growth advisory board, effective immediately. In this role, Thompson helps in shaping Sprout.ai’s strategic product direction and go-to-market strategy...
Posted: Oct 16, 2024
A groundbreaking law that forces companies in Washington state to reduce their carbon emissions while raising billions of dollars for climate programs could be repealed by voters this fall, less than two years after it took effect. The Climate Commit...
Posted: Oct 16, 2024
A former employee of the Insurance Information Institute is suing his former boss and the organization’s owners on allegations of discrimination and retaliation. Michael Barry, who worked at Triple-I for more than 17 years and was a senior vice...
Posted: Oct 15, 2024
Tornadoes Caused Damage Far From Hurricane Milton Landfall Tony Brazzale, a diving boat captain who has...
Posted: Oct 15, 2024
Louisiana Least Affordable for Personal Auto Insurance: Study Resulting from a combin...
Posted: Oct 15, 2024
Hit by Helene? FEMA Extends Grace Period to Renew Lapsed Flood Policies WASHINGTON (AP) — Residents in t...
Posted: Oct 15, 2024
This 150-year-old marketing channel can be a real game-changer for your firm.
Posted: Oct 15, 2024
The enhanced collaboration provides the seamless integration of J.P. Morgan Payments’ capabilities with One Inc’s PremiumPay and ClaimsPay solutions.
Posted: Oct 15, 2024
The insurer will implement the FRISS Enterprise Investigation Case Management Solution to enhance its fraud investigation processes and drive greater operational efficiency.
Posted: Oct 15, 2024
Third-party litigation funding has been an emerging issue over the past several years, and its evolution is creating deeper ripples across the insurance ecosystem and the judiciary.
Posted: Oct 15, 2024
When it comes to planning for your agency's internal perpetuation, there are numerous factors to consider, each requiring careful consideration and strategic discussion.
Posted: Oct 15, 2024
Third-party litigation funding has been an emerging issue over the past several years and its evolution is creating deeper ripples across the insurance ecosystem.
Posted: Oct 15, 2024
Posted: Oct 15, 2024
Most policyholders (about 415) will experience rate increases between 55% and 70%, with some seeing a maximum increase of 71.6%.
Posted: Oct 15, 2024
TMHCC’s entry into this space will provide insureds new capacity as limit retrenchment continues amid challenging loss cost trends.
Posted: Oct 15, 2024
This post is part of a series sponsored by CoreLogic. When disaster strikes and a policyholder submits a claim, adjusters must quickly produce a comprehensive estimate of the damage so that restoration and replacement procedures can be placed in moti...
Posted: Oct 15, 2024
Insurance Business Magazine - US
Posted: Oct 15, 2024
Insurance Business Magazine - US
Posted: Oct 15, 2024
The team and product will be added to QBE International Market’s growing Ocean Marine and Energy divisions.
Posted: Oct 15, 2024
Mr. Reynolds joins the company from Oliver Wyman.
Posted: Oct 15, 2024
Posted: Oct 15, 2024
Progressive generated net income of $584.6 million.
Posted: Oct 15, 2024
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Upland Mutual Insurance, Inc. (Upland) (Junction City, KS). The C...
Posted: Oct 15, 2024
SAVANNAH, Ga. (AP) — Authorities were investigating Tuesday after one person died as a result of a small plane crash Sunday night in a Savannah, Georgia, residential neighborhood, local police said. The Savannah Police Department said in a brief stat...
Posted: Oct 15, 2024
A company is recalling nearly 10 million pounds of meat and poultry products made at an Oklahoma plant because they may be contaminated with listeria bacteria that can cause illness and death. BrucePac of Woodburn, Oregon, recalled the roughly 5,000...
Posted: Oct 15, 2024
Federal investigators found life-threatening hazards at a Nebraska grain cooperative, where workers faced risks of fire and explosions due to the company allowing a buildup of combustible dust and failing to maintain effective dust collection systems...
Posted: Oct 15, 2024
DEER PARK, Texas (AP) — Two employees killed when hydrogen sulfide leaked at a Houston-area oil refinery were employees of a subcontractor performing maintenance work, the director of Pemex, Mexico’s state-owned oil company that operates the pl...
Posted: Oct 15, 2024
Tokio Marine HCC (TMHCC), a specialty insurance provider, has announced its entry into the Excess Casualty market, appointing David Perez to lead the new offering. TMHCC’s entry into the Excess Casualty market comes at a crucial time, providing mu...
Posted: Oct 15, 2024
British drugmaker GlaxoSmithKline sued Moderna in federal court in Delaware on Tuesday, accusing its American rival of violating GSK’s patent rights in messenger RNA (mRNA) technology with its blockbuster COVID-19 vaccine Spikevax. According to...
Posted: Oct 15, 2024
British drugmaker GlaxoSmithKline sued Moderna in federal court in Delaware on Tuesday, accusing its American rival of violating GSK’s patent rights in messenger RNA (mRNA) technology with its blockbuster COVID-19 vaccine Spikevax. According to...
Posted: Oct 15, 2024
Cyber insurance claims severity surged 14% in H1 2024 as ransomware and business email compromise attacks targeted businesses of all sizes, according to Coalition. The post
Posted: Oct 15, 2024
QBE International Markets will launch a new U.S. inland marine offering by 2025 across all 50 states as it expands its specialty product suite. The team and product will be added to QBE International Market’s growing ocean marine and energy ...
Posted: Oct 15, 2024
Global reinsurance broker Gallagher Re has announced two key appointments to its Life & Health (L&H) Reinsurance team. Sanjeeb Kumar joins as Chairman of Life & Health Reinsurance, India, where he will play a pivotal role in driving th...
Posted: Oct 15, 2024
Progressive Corp. said it’s third quarter 2024 net income more than doubled compared to last year, to about $2.3 billion. Progressive said it took a hit of $563 million in catastrophe losses in September from Hurricane Helene. Breaking down the...
Posted: Oct 15, 2024
According to Fitch Ratings, adequate capacity has led to stable reinsurance market pricing for the Asia Pacific (APAC) region throughout 2024. Fitch notes that Asia’s premium-pricing rates signalled stable pricing in 2024 renewals, in compar...
Posted: Oct 15, 2024
Insurance Business Magazine - US
Posted: Oct 15, 2024