Insurance Journal
Shouts, shoves and chaos broke out and police had to be called when condominium owners in Pembroke Pines, Florida, objected to being shut out of an association meeting called to discuss higher fees due to spiking insurance premiums. Fortune magazine...
Posted: Aug 21, 2023
A rare Rhode Island tornado lifted a car off an interstate highway Friday as severe weather swept already storm-weary New England, damaging homes, flooding roads and toppling trees. Tornadoes were reported in several spots in the same general area of...
Posted: Aug 21, 2023
A fire tore through a historic hotel early Saturday on Block Island, prompting officials on the summer vacation spot off the coast of Rhode Island to declare a state of emergency and urge the public to stay away. The fire …
Posted: Aug 21, 2023
A large ice chunk fell from the sky and hit a house in Massachusetts, damaging the roof of the home, the homeowner said. Jeff Ilg said he and his wife, Amelia Rainville, suspect the ice fell off an airplane traveling …
Posted: Aug 21, 2023
When flames ripped through the drought-parched town of Paradise in 2018, destroying homes and killing 85 in California’s deadliest-ever wildfire, it was a wake-up call to power companies across the country. Electric lines would ultimately be bl...
Posted: Aug 20, 2023
Life has never held more opportunities for our attention to be pulled away from what is most important. We have all seen the statistics about the number of messages the average American has bombarding them every day. While these distractions …
Posted: Aug 20, 2023
In the past three years, we’ve experienced the height of a global pandemic, followed by the most challenging talent landscape many have ever experienced. Even though we are entering what appears to be a slightly easing insurance labor market, h...
Posted: Aug 20, 2023
By Allen Laman New cannabis products like gummies, drinks and new consumables bring the promise of exponential growth and the normalization of public consumption, promising to significantly reshape the business landscape for insuring cannabis special...
Posted: Aug 20, 2023
By Jahna Jacobson When it comes to helping high net worth (HNW) clients get optimal coverage, there’s more to it than just adding a couple of zeroes to premiums and payouts. HNW clients have different interests and concerns that require …
Posted: Aug 20, 2023
By Patrick Wraight When you ask the internet what a nonprofit organization is, you get several answers. Many of those answers have to do with setting up a nonprofit and obtaining a tax-exempt status. More than being a form of …
Posted: Aug 20, 2023
Lost time claims can lead to increased workers’ compensation premiums for an employer because they can raise the experience-modification (e-mod) factor that is used, in part, to determine workers’ comp insurance rates. The e-mod is one fa...
Posted: Aug 20, 2023
The search for good talent continues throughout the insurance industry. Those organizations offering flexibility in work schedules, such as work-from-home and hybrid work options, will win in today’s competitive market, according to a new repor...
Posted: Aug 20, 2023
If you’re shopping for insurance online, with apologies to Bob Barker and Drew Carey, the price isn’t right. That is, shopping solely on price for any product or service that isn’t truly a commodity is the wrong approach, and insura...
Posted: Aug 20, 2023
As an independent agency owner, you have tremendous potential to grow your business. It can take a long time to build an agency that would attract acquisition attention or sustain future generations. It’s important to assess where you are, and...
Posted: Aug 20, 2023
By Chad Hemenway Recently introduced federal legislation that would require insurance companies with more than $100 million in annual premiums to disclose investments and underwritings related to coal, oil and gas projects, and fossil fuels is alread...
Posted: Aug 20, 2023
Recently, a carrier’s representatives walked into one of my client’s offices. This carrier announced they needed a 25% rate increase because of the carriers’ poor loss ratios. My top clients are well informed about their carriers...
Posted: Aug 20, 2023
By Will Rabb A federal appeals court has clarified, at least under the realm of Texas law, when an insurer has a duty to indemnify – even if it has no duty to defend a tort action against the insured …
Posted: Aug 20, 2023
This post is part of a series sponsored by Insurance Quantified. Register here to save your spot for the Eliminating Fraud at the Point of Submission Webinar Date: Wednesday, September 27, 2023 | 10 am PST / 1 pm EST …
Posted: Aug 18, 2023
The Hawaii wildfires have killed at least 111 people with many still unaccounted for, and they have burned more than 2,000 burned homes and businesses. CNN reported that Hawaii Gov. Josh Green said it’s likely that more than 1,000 residents ...
Posted: Aug 18, 2023
AccuWeather on Friday issued an alert warning of the potential of a “life-threatening, flooding disaster” in the mountains and deserts of Southern California and far southwest Nevada due to Hurricane Hilary. In the area, primarily east of...
Posted: Aug 18, 2023
AUSTIN, Texas (AP) __ Texas wants Planned Parenthood to give back millions of dollars in Medicaid reimbursements __ and pay far more in fines on top of that __ in a lawsuit that appears to be the first of its …
Posted: Aug 18, 2023
Ryan Specialty Appoints Guerville to Chief Underwriting Officer of Ryan Specialty Underwriting Managers Ryan Specialty, headquartered in Chicago, Ill. appointed Kathy Guerville to chief underwriting officer of its underwriting management specialty, R...
Posted: Aug 18, 2023
Hg is weighing options for GGW Group, including a sale that could value the German insurance broker at about €1.5 billion ($1.6 billion), people familiar with the matter said. The software-focused private equity firm is working with advisers as it &#...
Posted: Aug 18, 2023
LANSING, Mich. (AP) – Groundwater treatment systems will be installed near a military base in northern Michigan to address contamination from high levels of toxic, widely used “forever chemicals,” the U.S. Department of Defense announced...
Posted: Aug 18, 2023
COLUMBUS, Ohio (AP) – A proposal to legalize recreational adult use of marijuana in Ohio was cleared Wednesday to appear on statewide ballots this fall after the Republican-led state Legislature failed to act on it. The measure would allow adults ...
Posted: Aug 18, 2023