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Realtor Group Strikes $418 Million Deal to End Suits Over Commissions

Insurance Journal

The National Association of Realtors agreed to settle litigation over commission rules for US real estate agents, clearing the way for possible changes in how Americans buy and sell homes. For homeowners and buyers, the proposed settlement marks an i...

Posted: Mar 19, 2024

Viewpoint: The Imperative of Long-Term NFIP Reform

Insurance Journal

In the wake of a record-shattering 28 billion-dollar extreme weather and natural disaster season in 2023, the U.S. finds itself at the mercy of an increasingly volatile climate. As hurricanes grow fiercer, sea levels rise and rainfall patterns shift,...

Posted: Mar 19, 2024

North Carolina Labor Chief Rejects Infectious Disease Rules for Workplaces

Insurance Journal

RALEIGH, N.C. (AP) — North Carolina’s elected labor commissioner has declined to adopt rules sought by worker and civil rights groups that would have set safety and masking directives in workplaces for future infectious disease outbreaks like w...

Posted: Mar 19, 2024

Maui’s Mayor Prioritizes Vows to Hire More Firefighters After Hawaii Wildfire

Insurance Journal

Maui’s mayor says he is prioritizing housing, evaluating evacuation routes and hiring more firefighters as his Hawaii community recovers from the deadliest U.S. wildfire in more than a century. Mayor Richard Bissen outlined the steps in emotion...

Posted: Mar 19, 2024

People Moves: Zamora Named Chief Underwriting Officer of ICW Group

Insurance Journal

ICW Group Insurance Companies promoted Paul Zamora to chief underwriting officer, leading the company’s property/casualty multiline underwriting strategy and business expansion. Zamora joined ICW Group nearly 20 years ago to oversee its workers...

Posted: Mar 19, 2024

Older Boeing Plane Found to Have Missing Panel After Flight From California to Oregon

Insurance Journal

A post-flight inspection revealed a missing panel on an older Boeing 737-800 that had just arrived at its destination in southern Oregon on Friday after flying from San Francisco, officials said, the latest in a series of recent incidents involving &...

Posted: Mar 19, 2024

New Jersey Voters May Get to Decide If They Have a Right to a Clean Environment

Insurance Journal

New Jersey, known as much for its beaches and blueberries as for the chemical plants and refineries that line some of its major highways, is considering asking voters a fundamental question: Should the state guarantee its citizens the right to &#8230...

Posted: Mar 19, 2024

How to Renew Your Insurance License with a Criminal Background Part 1: Alabama through Georgia

Insurance Journal

This post is part of a series sponsored by AgentSync. Insurance licenses can be hard to get and keep, even for those with the most pristine backgrounds. So, what’s an insurance producer to do if they find themselves in the …

Posted: Mar 18, 2024

Waymo robotaxis spark controversy with new L.A. fleet

NU Property & Casualty 360

Waymo released a new fleet of driverless vehicles in L.A. on March 14, with some hailing the robotaxi service as revolutionary and others weary of dangers.

Posted: Mar 18, 2024

Jon Farney named State Farm CEO, Michael Tipsord to retire

NU Property & Casualty 360

Tipsord is retiring after 36 years with the company. He will continue on in his role as chairman of the company's board.

Posted: Mar 18, 2024

Are Gen Z workers more traditional than we think?

NU Property & Casualty 360

Gen Z’s reputation for fearless quitting when their needs aren’t met has been met with disapproval from some older managers, but their attitude represents an enormous opportunity.

Posted: Mar 18, 2024

Policy Administration System Modernization Projects Are All about Your People

IIR

The success of policy administration system modernization projects hinges on the alignment, commitment, and engagement of a life insurance carriers’ workforce.

Posted: Mar 18, 2024

My insurance claim was denied. Now what?

NU Property & Casualty 360

There are steps an insured can take if they find themselves on the receiving end of a claim denial.

Posted: Mar 18, 2024

Product recalls hit 7-year high in 2023

NU Property & Casualty 360

While the number of events was up, the total number of units recalled saw a 50% decrease compared with 2022, Sedgwick reports.

Posted: Mar 18, 2024

Family Guardian Insurance Company implements Equisoft/illustrate

IIR

The integration of Equisoft/illustrate streamlines sales processes and accelerates Family Guardian’s digital transformation.

Posted: Mar 18, 2024

Tech problems continue to vex today's insurance agents

NU Property & Casualty 360

Part 2 of 3: Survey indicates insurtech tools are abundant, but they don’t necessarily meet insurance-agent needs.

Posted: Mar 18, 2024

What’s Climate Change Got to Do With Life Insurance?

Insurance Thought Leadership

What’s Climate Change Got to Do With Life Insurance? Life & Health ClareCarroll1 Mon, 03...

Posted: Mar 18, 2024

How Insurance Empowers Sustainable Winemaking

Insurance Thought Leadership

How Insurance Empowers Sustainable Winemaking Commercial Lines ClareCarroll1 Mon, 03...

Posted: Mar 18, 2024

Are P&C Insurers Ready for Generative AI?

Insurance Thought Leadership

Are P&C Insurers Ready for Generative AI? AI & Machine Learning ClareCarroll1 Mon...

Posted: Mar 18, 2024

The Lawsuit That Had to Happen

Insurance Thought Leadership

The Lawsuit That Had to Happen PaulCarroll Mon, 03/18/2024 - 18:52 When I drive my car, wh...

Posted: Mar 18, 2024

ILS Market Capacity Hit $100 Billion in 2023

Risk & Insurance

The ILS market reached $100 billion in 2023, driven by fewer major natural disasters plus efforts to de-risk portfolios, AM Best reports. The post

Posted: Mar 18, 2024

Chubb launches global transactional risk platform

coverager

The platform will provide transactional risk liability insurance products across international markets.

Posted: Mar 18, 2024

George Williams to lead Nationwide’s small market commercial lines business

coverager

Williams has already started in the new role.

Posted: Mar 18, 2024

IMCA IGNITE 2024

Risk & Insurance

Join Us At IMCA Ignite 2024, June 24-26! The post IMCA IGNITE 2024 appeared first on Risk & Insurance....

Posted: Mar 18, 2024

Heads Up Display Could Be Key to Improving Road Safety

Carrier Management

Heads Up Display Could Be Key to Improving Road Safety Heads-Up Displays (HUDs)...

Posted: Mar 18, 2024

Cumulative Trauma Makes Up Half of Litigated Claims in the LA Area

Carrier Management

Cumulative Trauma Makes Up Half of Litigated Claims in th...

Posted: Mar 18, 2024

Gallagher Re names Flasinski CEO of NA region, Bradshaw assumes Chairman role

Reinsurance News

Reinsurance broker Gallagher Re has appointed Brian Flasinski as Chief Executive Officer of the North American region, succeeding Jim Bradshaw who is set to assume the role of Chairman, Gallagher Re North America. According to the firm, both appoi...

Posted: Mar 18, 2024

Six Defendants to Stand Trial for Michigan Auto Insurance Fraud Scheme

Insurance Journal

Six defendants will stand trial on charges alleging the group operated an auto insurance fraud scheme targeting Michigan residents involved in automobile collisions, Michigan Attorney General Dana Nessel and Anita Fox, Director of the Michigan Depart...

Posted: Mar 18, 2024

Cowen to lead Chubb’s newly launched global transactional risk platform

Reinsurance News

Global insurer Chubb has announced the launch of International Transactional Risk, a global platform that aims to provide transactional risk liability insurance products across international markets. Josh Cowen, a seasoned mergers and acquisition...

Posted: Mar 18, 2024

Long Recovery Ahead for Swath of Central US Hit by Deadly Tornadoes

Insurance Journal

LAKEVIEW, Ohio (AP) — Residents in a swath of the central U.S. hit by deadly tornadoes were cleaning up, assessing damage and helping neighbors on Saturday. But it will be a long recovery from the storms that ripped through parts …

Posted: Mar 18, 2024

Texas Firefighters Completely Contain Panhandle Wildfire

Insurance Journal

LUBBOCK — Firefighters have completely contained the Smokehouse Creek fire in Hutchinson County after a nearly three-week battle with what quickly became the largest wildfire in Texas history. That inferno and a series of other wildfires killed at le...

Posted: Mar 18, 2024

Walgreens to Pay $205K Over Pregnancy Discrimination at Louisiana Store

Insurance Journal

Pharmacy and retailer Walgreens Co. has agreed to pay $205,000 and provide other relief to settle a pregnancy discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC...

Posted: Mar 18, 2024

Scranton School District Reports Ransomware Attack

Insurance Journal

The Scranton, Pennsylvania school district has been experiencing computer outages due to a ransomware attack last week. “The attack is causing a temporary disruption to some of our computer systems and services,” the school reported on Fa...

Posted: Mar 18, 2024

Markel announces new role for David Roos

Reinsurance News

Markel, the insurance operations within the Markel Group Inc., has announced the promotion of David Roos to Senior Director, Property and Marine for Markel Specialty’s Wholesale Southeast region. Roos will report to Steve Girard, Regional Pr...

Posted: Mar 18, 2024

Hannover Re entering 2024 with stronger balance sheet as it targets net income of at least €2.1bn

Reinsurance News

Speaking during Hannover Re’s earnings call for the 2023 financial year earlier today, Jean-Jacques Henchoz, the company’s chief executive officer (CEO), confirmed that the company is aiming to deliver a group net income of at least €2...

Posted: Mar 18, 2024

Long Recovery After Deadly Central U.S.Tornadoes

Carrier Management

Long Recovery After Deadly Central U.S.Tornadoes Residents in a swath of the central U.S. hit by dead...

Posted: Mar 18, 2024

SEC Climate Disclosure Rules Temporarily Paused by Federal Appeals Court

Carrier Management

SEC Climate Disclosure Rules Temporarily Paused by Federal Appeals Court A U.S. appea...

Posted: Mar 18, 2024

Trump Has Failed to Get Appeal Bond for $454M Civil Fraud Judgment, Lawyers Say

Insurance Journal

Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against the former U.S. president in a New York civil fraud case without posting the full amount himself, his …

Posted: Mar 18, 2024