Insurance Journal
AUGUST 4, 2024
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.
IP Watchdog
AUGUST 4, 2024
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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Insurance Journal
AUGUST 4, 2024
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.
Complex Discovery
AUGUST 4, 2024
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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Insurance Journal
AUGUST 4, 2024
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.
Ball in Your Court
AUGUST 4, 2024
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.
Trial Strategy Today brings together the best content for law professionals from the widest variety of industry thought leaders.
Expert Witness Blog
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
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.
InHouseBlog
AUGUST 4, 2024
Online job applications are par for the course for attorneys seeking an in-house counsel job. Learn how to master them.
Insurance Journal
AUGUST 4, 2024
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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Insurance Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
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 Journal
AUGUST 4, 2024
The toll of damage from recent flooding in Vermont exceeds $6 million, and the state is asking the federal government for help, officials said.
Insurance Journal
AUGUST 4, 2024
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 Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
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?
Insurance Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
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 …
Insurance Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
There’s something very human about attempting to master nature itself.
Insurance Journal
AUGUST 4, 2024
Had John’s Disposal Service Inc. and John’s Recycling Inc.
Insurance Journal
AUGUST 4, 2024
GC/General Contractor Workers’ Comp – High Risk Market Detail: HR and PEO Consultants offers high risk workers’ compensation programs for general contractors.
Insurance Journal
AUGUST 4, 2024
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.
Insurance Journal
AUGUST 4, 2024
No Labor Cost Depreciations “As a consumer protection agency, DIFS works to ensure that consumers are protected from confusing or deceptive contract language.
Insurance Journal
AUGUST 4, 2024
By Jahna Jacobson The future is diverse and community is key. That’s the message from Ngozi Nnaji, founder and managing partner of Ako Insurance Consultants.
Insurance Journal
AUGUST 4, 2024
By L.S.
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