Insurance Journal
The insurance industry is in the midst of a digital revolution, with artificial intelligence (AI) at the heart of it. From streamlining claims processing to creating personalized policies, AI has quickly become a vital tool for insurers striving to s...
Posted: Nov 17, 2024
Legal and social issues have put corporate America’s diversity efforts on defense like never before. But despite the scrutiny, diversity, equity and inclusion programs continue to receive high marks from employees, according to a recent survey...
Posted: Nov 17, 2024
The insurance industry is facing a significant rise in roof-related claims. The combination of increasingly severe weather events, inflation-driven repair costs and the growing issue of roofing scams has created a perfect storm — one that is st...
Posted: Nov 17, 2024
1. Get Out of the Office. Attend events where you can mingle and meet people. 2. Be a Guest. Reach out to local organizations that may be looking for guest speakers for luncheons and meetings. Demonstrate your expertise in front …
Posted: Nov 17, 2024
The reclassification of independent contractors has become a major national issue, and California’s AB5 law has positioned itself at the center of this conversation. This legislation has brought significant challenges to the transportation indu...
Posted: Nov 17, 2024
By Andrea Wells Predictions of a softer insurance pricing market are on the horizon. Perhaps not in early 2025, but there’s no question the market is stabilizing from the high prices the sector has seen in recent years. Relying on …
Posted: Nov 17, 2024
Just because a carrier’s form shows the policyholder has XYZ Coverage does not necessarily mean they have XYZ Coverage in the real world. And yet, I find that few agents understand or know this. And even when they read the …
Posted: Nov 17, 2024
As insurers look to 2025, several trends are emerging that affect premium and deductible costs — leading to lengthy conversations between insurance agents and brokers and their customers. For worship facilities, some of the most prevalent trend...
Posted: Nov 17, 2024
I remember 1994 when I was running for the United States Senate. My campaign consultants thought I should publish my tax returns and challenge my opponent to do the same. He had a very checkered business career. I was unenthusiastic …
Posted: Nov 17, 2024
The federal Occupational Safety and Health Administration (OSHA) must do more to address ergonomic hazards at warehouses and delivery companies, where the number of injured workers in the growing sector are on the rise, a new report advises. The Gove...
Posted: Nov 17, 2024
Four men have been charged with defrauding New York auto insurers by allegedly submitting more than $10 million in fraudulent claims for psychological services –and then laundering the proceeds of that fraud through a network of illicit check c...
Posted: Nov 17, 2024
Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the proceeds to only one of them, a federal appeals court decided. The U.S. 11th Circuit Court of Appeals on Wednesday …
Posted: Nov 17, 2024
Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’ losses in Hurricanes Helene and Milton. But that won’t trigger a surcharge on premiums. And a...
Posted: Nov 17, 2024
By William Rabb A recent photograph of destruction left by Hurricane Milton’s wind tells the story: An entire roof section on a residential complex in Bradenton, Florida – including rafters and ceiling joists – was ripped off, expos...
Posted: Nov 17, 2024
Three daughters of Malcolm X have accused the CIA, FBI, the New York Police Department and others in a $100 million lawsuit Friday of playing roles in the 1965 assassination of the civil rights leader. In the lawsuit filed in …
Posted: Nov 17, 2024
Wildfires that are raging across New York and New Jersey highlight a new threat to one of the world’s most affluent regions. Climate change is regarded by scientists as the pre-eminent factor driving long-term changes in weather, and the New &#...
Posted: Nov 15, 2024
Oklahoma Insurance Commissioner Glen Mulready issued a bulletin providing insurers with regulatory guidance on the use of artificial intelligence. The bulletin, which was adopted by the National Association of Insurance Commissioners (NAIC), outlines...
Posted: Nov 15, 2024
Houston-baed Skyward Specialty Insurance Group announced the launch of its new life sciences liability coverage. The strategic addition to the Company’s healthcare solutions underwriting unit offers comprehensive and adaptable protection specif...
Posted: Nov 15, 2024
An Iowa pizza restaurant has agreed to pay $99,000 in fines after a Department of Labor investigation found the business assigned teenage employees to dangerous duties. Investigators found Pizza Parlor and owner Michelle Drougas illegally employed 11...
Posted: Nov 15, 2024
A large majority of carriers intend to increase or maintain staff sizes in the next 12 months, according to Jacobson’s Q3 2024 Insurance Labor Market Study. While the industry continues to add jobs, the employment growth remains relatively mode...
Posted: Nov 15, 2024
U.S. Federal Trade Commissioner Melissa Holyoak said on Thursday the agency should look into how artificial-intelligence products use the data they gather from younger users, amid privacy and safety concerns. Holyoak, one of two Republicans on the co...
Posted: Nov 15, 2024
While a $2.4 billion boost in loss reserves for the third-quarter will help Swiss Re’s executives sleep better on a bigger cushion, across the industry, worsening trends in U.S. liability loss costs aren’t letting up, they said yesterday....
Posted: Nov 15, 2024
A frustrated bankruptcy judge said he has concerns over the process in which satirical news site The Onion won an auction for right-wing provocateur Alex Jones’ Infowars website. Saying he was dissatisfied with the transparency of the sale proc...
Posted: Nov 15, 2024
A North Carolina man gas been charged with obtaining property by false pretense and common law forgery, both felonies. North Carolina Insurance Commissioner Mike Causey announced the arrest of David Fitzgerald Bishop Jr., of Winston-Salem. According...
Posted: Nov 15, 2024
A driver has died after going around a barricade and driving off the edge of a hurricane-damaged North Carolina highway that became a symbol of Hurricane Helene’s destruction. Photos of Interstate 40 with multiple lanes washed out by Helene nea...
Posted: Nov 15, 2024