Sun.Aug 04, 2024

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With American Mobile Out, Florida’s Mobile Home Insurance Market Seems to Have ‘Fallen Apart’

Insurance Journal

By William Rabb Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with only moderate rate increases and more availability.

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Get Ready to Comply: The EU’s AI Act is Now in Force

IP Watchdog

The European Artificial Intelligence (AI) Act officially came into force on Thursday, August 1, with most provisions of the regulation applying as of August 2, 2026. However, the regulation states that compliance for prohibited practices should be in effect by February 2, 2025, considering “the unacceptable risk associated with the use of AI in certain ways.

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Behind the Development of the AI Marketing Toolkit

Insurance Journal

In today’s fast-paced insurance market where time is more precious than ever, the ability to streamline operations and offload routine tasks is invaluable. Communication and relationships remain at the heart of what makes independent agents successful.

Insurance 115
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EU AI Act: Regulatory Milestone and Its Impact on Legal Tech

Complex Discovery

Editor’s Note: The adoption of the Artificial Intelligence (AI) Act by the European Union (EU) marks a significant milestone in global AI regulation. Effective August 1, 2024, this legislation introduces a risk-based classification system for AI technologies, ensuring tailored guidelines for each risk category. This framework aims to balance innovation with risk mitigation, crucial for sectors such as law firms, legal tech, and corporate entities.

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Trial Prep: What Attorneys Really Want (And How to Deliver It)

Speaker: Joe Stephens, J.D., Attorney and Law Professor

Get ready to uncover what attorneys really need from you when it comes to trial prep in this new webinar! Attorney and law professor, Joe Stephens, J.D., will share proven techniques for anticipating attorney needs, organizing critical documents, and transforming complex information into compelling case presentations. Key Learning Objectives: Organization That Makes Sense 🎯 Learn how to structure and organize case materials in ways that align with how attorneys actually work and think.

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TikTok Sued by US for Allegedly Breaking Kids’ Privacy Law

Insurance Journal

TikTok was sued by the US for allegedly collecting data on children in violation of an online privacy act, three months after the popular video app sued the government over a law that could ban it across the country.

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AI Prompt to Improve Keyword Search

Ball in Your Court

Twenty years ago, I dreamed up a website where you would submit a list of eDiscovery keywords and queries and the site would critique the searches and suggest improvements to make them more efficient and effective.

Discovery 101

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Case Summary Involving an Automotive Expert Witness

Expert Witness Blog

Introduction In the recent case of Mace v. AAA Cooper Transportation , No. 23-2341 (La. Ct. App. 2023), the testimony of an Automotive Expert Witness was pivotal. This case involved a collision between a car and an 18-wheeler, where the plaintiff alleged that the truck driver’s negligence caused significant injuries.

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Medical Worker Wants Home Insurance to Cover Her Against Patients’ Data Claims

Insurance Journal

A Connecticut clinical social worker believes her homeowners insurer should defend and indemnify her against claims she violated patients’ privacy by accessing and sharing their private medical information.

Insurance 109
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The Art of Online Job Applications for Attorneys

InHouseBlog

Online job applications are par for the course for attorneys seeking an in-house counsel job. Learn how to master them.

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Insurer’s Lack of Repairs Caused Woman’s Death After Ian, Florida Lawsuit Says

Insurance Journal

Just as another potential hurricane bears down on Florida, the child of a central Florida woman is litigating a claim from a previous storm – Hurricane Ian in 2022.

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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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People & Places

Insurance Journal

National WTW appointed three former Aon executives to roles within its financial institutions and professional services industry division, a part of Corporate Risk and Broking (CRB) North America.

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NHTSA: 51 Million Air Bag Inflators Pose Safety Risks Despite Automaker Objections

Insurance Journal

A U.S. regulator said on Wednesday it still believes that air bag inflators in 49 million U.S. vehicles assembled by 13 automakers pose serious safety risks and it is considering issuing a recall.

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Experts Say More Collaboration Needed for Critical Infrastructure Cyber Risk

Insurance Journal

Insurers continue to grapple with elusive and ever changing cyber risks in the critical infrastructure sector, and Matthew McCabe, managing director for Guy Carpenter’s Cyber Center of Excellence, said he sees a three-party system emerging between insurers, policyholders, and the …

Insurance 105
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Vermont Suffered Millions in Damage From Last Week’s Flooding; Will Seek Federal Aid

Insurance Journal

The toll of damage from recent flooding in Vermont exceeds $6 million, and the state is asking the federal government for help, officials said.

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Deposition Prep Like a Pro: Insights from a Paralegal's Playbook

Speaker: Kaitlyn "The Persnickety Paralegal" Story

Deposition preparation is a critical aspect of a paralegal's role, requiring meticulous attention to detail and proactive management of the case timeline. In this session, participants will explore how effective deposition preparation not only contributes to the success of the legal team but also helps maintain a balanced workflow, minimizing last-minute crises.

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Legislation Will Provide $100M in Aid to Victims of Wildfires and Flooding in New Mexico

Insurance Journal

New Mexico Gov. Michelle Lujan Grisham has signed legislation that will provide $100 million in emergency aid to victims of recent wildfires and flooding in Lincoln County.

Insurance 103
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Congratulations Top 100 Agencies

Insurance Journal

This year marks the 20th annual publication of Insurance Journal’s Top 100 Independent Agencies special report. Again, a large majority of firms in the Top 100 saw notable increases in total property/casualty revenue year-over-year.

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Proper Profit Center Accounting

Insurance Journal

Do owners really know which departments or lines of business are making money in their agency? What are small commercial accounts costing the agency? How can the agency make personal lines more profitable?

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Colorado Workers with Bird Flu Toiled in Heat, Without Effective Protective Gear

Insurance Journal

By Leah Douglas and Julie Steenhuysen Colorado workers who contracted bird flu were working during extreme heat and under large fans, factors that made wearing protective equipment difficult and potentially contributed to their infections, the U.S.

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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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Pennsylvania Task Force Urges Tax Breaks for Flood Damage, Mitigation and Insurance

Insurance Journal

Pennsylvania lawmakers should consider granting homeowners tax breaks for water damage expenses, mitigation and repair costs, and flood insurance premiums, according to a new state report.

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Condos: A Difficult Market to Navigate

Insurance Journal

By Patrick Wraight The condominium building is an interesting form of owning property where an individual owns their unit, what is sometimes referred to as a box of air, and at the same time, becomes a part of the condominium …

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California Contractor Settles EEOC Harassment Charge

Insurance Journal

Fremont, California-based contractor Superior Automatic Sprinkler Co. agreed to provide monetary and injunctive relief to a construction worker following an investigation by the U.S. Equal Employment Opportunity Commission.

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North Carolina, Florida Home Sellers Are Facing New Flood Disclosure Requirements

Insurance Journal

As of July 1, home sellers in North Carolina must now disclose previous flood damage to properties. And come Oct. 1, Floridians must make similar disclosures, potentially boosting the demand for flood insurance.

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Agency E&O Lessons to Consider

Insurance Journal

I’m seeing more cases of carriers rescinding policies for application errors, fraud or outright lies (call it what you will) than I’ve ever seen, and these are situations when there is an errors and omission (E&O) claim against the agent.

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Ohio Supreme Court Orders City to Pay $30M Police Brutality Judgment

Insurance Journal

By Andrew Simpson The Ohio city of East Cleveland must pay a $30 million jury verdict awarded to a man who police wrongly assaulted, arrested and detained, the state’s highest court has ordered.

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Captive Insurer Targets New York Affordable Housing Market

Insurance Journal

A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time when advocates say coverage is difficult to afford or obtain. The Milford Street Association Captive Insurance Co.

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Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims

Insurance Journal

By Andrew G. Simpson Progressive Insurance has agreed to a $48 million settlement with a class of 93,000 New York policyholders who claim the insurer underpaid their total loss claims on their vehicles.

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Insurers’ Losses from Hurricane Beryl Will be ‘Readily’ Absorbed

Insurance Journal

By Ezra Amacher Insurers’ losses from Hurricane Beryl will be “low and readily absorbed” and the storm is not expected to change pricing conditions in the property/casualty and reinsurance sectors, Moody’s Ratings said.

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Upskilling: Three Skills to Sharpen as a Seasoned Agent Who Wants More

Insurance Journal

Whether they own their own agency or not, an insurance producer is essentially an independent businessperson. Why? Because a producer’s income, as someone whose primary income is based on commissions, is largely up to the producer.

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3 Emerging Risks: Severe Convective Storms, Battery Energy Storage and Drones

Insurance Journal

There’s something very human about attempting to master nature itself.

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Wisconsin Company Faces $367K Fine for Endangering Workers

Insurance Journal

Had John’s Disposal Service Inc. and John’s Recycling Inc.

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My New Markets

Insurance Journal

GC/General Contractor Workers’ Comp – High Risk Market Detail: HR and PEO Consultants offers high risk workers’ compensation programs for general contractors.

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Business Moves

Insurance Journal

National Marsh McLennan Agency, The Horton Group Marsh McLennan Agency said it has a definite agreement to buy Illinois-based brokerage The Horton Group Inc. The deal is expected to close during the third quarter of 2024.

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Declarations

Insurance Journal

No Labor Cost Depreciations “As a consumer protection agency, DIFS works to ensure that consumers are protected from confusing or deceptive contract language.