Sun.Aug 18, 2024

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The Huge Profits Investors Have Made on Catastrophe Bonds Are Raising Eyebrows

Insurance Journal

A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers.

Insurance 119
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CAFC Issues Precedential Decision on Criteria for Standing to Appeal

IP Watchdog

The U.S. Court of Appeals for the Federal Circuit (CAFC) held in a precedential decision Friday that Platinum Optics Technology, Inc. (PTOT) had failed to establish an injury in fact sufficient to confer standing to appeal from a Patent Trial and Appeal Board (PTAB) decision that found PTOT hadn’t proven claims of Viavi Solutions, Inc.’s patent unpatentable.

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Cyber Security and Risk Mitigation

Insurance Journal

Security leaders should be exercising every available option to upgrade their security posture, and cyber insurance policies could make or break the resiliency for many organizations across nearly all industries — K-12 education, retail, healthcare, manufacturing and more.

Retail 115
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Harvard Suit Blaming Marsh for Its $15M Insurance Denial Filed Too Late, Judge Rules

Insurance Journal

After losing two bids to recover $15 million from its insurer for costs related to its failed legal defense of its admissions policy, Harvard University has now failed in a bid to hold its insurance broker Marsh responsible.

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Visibility Into the Strategy & Supporting Documents of Major US Law Firms

Law Firm Intelligence by Trellis aggregates state trial court data across the Trellis platform enabling users to: look up a particular metric related to a specific law firm (such as, how many cases a law firm had or has against another law firm), and see the actual dockets and documents supporting the metric. Trellis data is maximized in a revolutionary and unique way to provide users an exclusive look into a law firm litigating in state trial courts.

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Europe’s $42 Billion Effort to Fight Wildfires Is an Uphill Battle

Insurance Journal

Europe is spending tens of billions of euros a year to fight wildfires, yet it hasn’t stopped blazes from flaring up across Greece and other parts of the continent this summer.

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Ford Recalls About 85,000 Explorer SUVs Over Engine Fire Risk

Insurance Journal

Ford Motor is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire, the National Highway Traffic Safety Administration said on Friday.

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More Trending

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101 Ideas for Sales, Marketing & Agency Management

Insurance Journal

How to Reach Out 1. Content Marketing. Use content marketing to stand out as an industry thought leader. Create informative and engaging content, such as blog posts, whitepapers, and e-books focused on industry trends and insurance tips.

Insurance 105
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New York City Subway Workers at Risk, Federal Agency Warns

Insurance Journal

The agency that runs New York City’s subway system is putting track workers at risk by failing to follow its own safety rules, federal authorities said in an audit issued this week.

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Freeway Drives Six New Franchises in Southeast, California

Insurance Journal

Freeway Insurance, a division of Confie, a large personal lines agency and brokerage in the United States, has expanded with six new franchises in Florida, Georgia, Tennessee and California.

Insurance 105
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10 Ideas to Keep Recruiting Activity High When Hiring Slows Down

Insurance Journal

The best time to recruit is when you don’t have job openings. That motto reminds me to constantly work ahead, focusing on building pipelines and connecting with passive candidates.

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Stay On Top of Newly Filed State & Federal Litigation: Curated Just for You!

With Daily Filings Report by Trellis you will receive an email and csv file daily with all new cases filed in the jurisdictions you're tracking. Each new case will include all case metadata like judge, parties, counsel, practice area, and even direct links to the full docket and complaint. Trellis Daily Filings Reports provide direct access to newly filed state and federal litigation curated just for you.

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South Florida Man Charged with Unlicensed Public Adjusting in 2022

Insurance Journal

Investigators with Florida’s Department of Financial Services last week charged a south Florida man with acting as a public adjuster without a license and defrauding policyholders of more than $34,000.

Insurance 105
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3 Things to Know About the Nonprofit Insurance Market

Insurance Journal

By Allen Laman A challenging legal arena, a continuing talent shortage and alternatives to traditional insurance products are three areas impacting nonprofits today, according to industry reports that recently shed light on headwinds yielding a cloudy outlook for many organizations.

Insurance 102
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Global Q2 Commercial Insurance Rates Remain Flat, Ending 7 Years of Price Hikes: Marsh

Insurance Journal

Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index.

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Houses of Worship and the State of Insurance

Insurance Journal

By Patrick Wraight A recent Insurance Journal article decried the state of insurance for churches and it’s mostly about their property insurance issues and we all know that the property insurance space has struggled in recent years, especially in storm-prone …

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AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023

Insurance Journal

The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss in the previous year and the line’s worst underwriting results since at least 2000, according to a new AM Best report.

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Sales Culture Versus Business Culture

Insurance Journal

Can an agency built by a true salesperson transform into a firm with a business culture? Not with a salesperson still at the helm. Here’s some pop psychology based on knowing a thousand executives who began as salespeople.

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Personal Auto Driving P/C Insurers to 2024 Underwriting Profit

Insurance Journal

By Susanne Sclafane S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S. P/C insurance industry overall in 2024, signifying a return to underwriting profitability for the first time since 2021.

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Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses

Insurance Journal

By Chad Hemenway Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses, Guy Carpenter said the insured losses from the CrowdStrike outage is likely between $300 million and $1 …

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Public D&O Price Decreased 5.2% in Second Quarter, Says Aon

Insurance Journal

The average price for directors & officers liability insurance decreased 5.2% per $1 million in limits in the second quarter, according to Aon Commercial Risk Solutions.

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What Are ‘Weasel Words’ and What Is ‘Tergiversation’?

Insurance Journal

In the 1990s, I co-wrote a seminar with the late, great John Eubank, CPCU, ARM called “How to Battle an Adjuster … and Win Every Time!

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Defense Institute Aims to Educate, End ‘Skyrocketing’ Nuclear Verdicts

Insurance Journal

By Allen Laman Robert Tyson believes the defense bar’s lawsuit approach is overdue for an overhaul. The U.S.

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People & Places

Insurance Journal

National Chubb has promoted Ana Robic and Ben Rockwell to senior vice presidents of Chubb Group. Robic currently is division president, North America personal risk services, and Rockwell is division president, North America middle market.

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People Moves: The Liberty Company Names Gaston Managing Director, Entertainment and Johnson Vice President, Producer

Insurance Journal

The Liberty Company named Erin Gaston managing director, entertainment and Alex Johnson vice president and producer. Gaston, who is based in California, previously served as managing director at Momentous Insurance Brokerage, a Marsh & McLennan Agency LLC.

Insurance 103
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Bankrupt Steward Health Care Sells Physician Network as Massachusetts Hospital Seized

Insurance Journal

Bankrupt hospital operator Steward Health Care received a bankruptcy judge’s approval on Friday to sell its nationwide physician network to a private equity buyer while its stalled efforts to sell Massachusetts hospitals caused the state to step in and seize …

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Maine Can Forbid Discrimination by Religious Schools Taking State Money

Insurance Journal

Maine didn’t violate the U.S. constitutional rights of religious schools by requiring them to abide by the state’s antidiscrimination law to receive taxpayer-funded tuition assistance, a federal judge ruled.

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People Moves: Rokstone Appoints Burrow Head of US Excess Casualty; Canopius Hires Mills to Head US Casualty

Insurance Journal

Rokstone, part of the Aventum Group, appointed Laurence (Larry) Burrows as head of a new US Excess Casualty division.

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My New Markets

Insurance Journal

Workers’ Compensation Programs Market Detail: Friedlander Group Inc. offers unique workers’ compensation programs that maximize clients’ productivity and profits.

Retail 52
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Declarations

Insurance Journal

‘Deeply Dedicated’ to DEI “Wells Fargo is deeply dedicated to diversity, equity and inclusion and does not tolerate discrimination in any part of our business.” — Wells Fargo said in a statement after U.S.

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The Role of Benchmarking & Competitive Analysis in Insurance Marketing

Insurance Journal

In the insurance industry, standing out is no longer just about having the best products. It involves a meticulous understanding of the market, continuous refinement of internal processes and marketing strategies, and a deep dive into competitors’ activities.

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HNW Market Update: What Went Wrong and How We Are Turning Things Around

Insurance Journal

The year was 2016. New high net worth (HNW) insurance carriers were entering the market. Established underwriting operations had become a consistent source of profits for investors and parent companies.

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Claim on Seized Hemp Shipment Barred, Showing Trickiness of Coverage

Insurance Journal

By William Rabb International treaties preempt state-based legal actions, giving an air transport company an escape from claims on what a hemp producer said was botched paperwork for an overseas hemp shipment, a federal appeals court said.

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Agents Say Outlook Positive: Survey

Insurance Journal

Despite challenges posed by inflation, market volatility and rapidly changing technologies, independent agents remain positive about their businesses and report more optimistic perceptions of national business conditions this year than they did last year.

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Family Settles with Officer Whose K9 Killed an Alabama Man in 2018

Insurance Journal

MONTGOMERY, Ala.

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