Insurance Roundup, December 3, 2018

News – Insurance Journal Insurance Journal delivers the latest business news for the Property/Casualty insurance industry

News – Claims Journal Insurance news and resources for the claims industry

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • Contractors Versus the Insurance industry—AOB’s Are Under Attack

    by Chip Merlin on 2018-12-03 at 05:15The National Association of Public Insurance Adjusters held its mid-year meeting last week and the topic of assignment of benefits, commonly referred to as AOB’s, was on the agenda. Lisa Miller, an insurance lobbyist and regulator I have come across for over twenty-five years was the speaker on the topic. Miller is a very bright…… Continue Reading […]

  • Public Adjusters Beware That Non-Compliance with Federal Regulation “Signed and Sworn” Proof of Loss Requirement Will Preclude Recovery of Damages

    by Paul LaSalle on 2018-12-02 at 05:15In a recent case,1 a federal court dismissed a flood claim following a nor’easter storm because the insureds’ proof of loss under the National Flood Insurance Act failed to satisfy the Standard Flood Insurance Policy’s (“SFIP”) “signed and sworn” requirement.2 In that case, the insureds submitted two claims to recover damages from the storm to…… […]

  • Unauthorized Practice of Public Adjusting is Alive and Well in Florida

    by Chip Merlin on 2018-12-01 at 05:15If a picture says a thousand words, the one above certainly does. This picture was taken in the Panhandle of Florida following Hurricane Michael. This photograph may actually go so far as to imply the contractor is advertising for the practicing of law. Just to make certain that the advertisement may suggest something that the…… Continue Reading […]

  • Period of Restoration – Valuing Business Interruption Claims, Part I

    by Iris Kuhn on 2018-11-30 at 05:15Business interruption coverage is very valuable to many policyholders in the wake of Hurricane Michael. Florida business owners may seek coverage under their commercial insurance policies for business interruption, which indemnifies them for lost earnings and expenses if their businesses are partially or totally interrupted as a result of Hurricane Michael. Business interruption coverage […]

  • Wildfire Considered One Occurrence Despite Damaging Numerous Properties

    by Christina Phillips on 2018-11-29 at 05:15A recent decision by the Supreme Court of Wisconsin1 might predict how other courts would analyze coverage under commercial general liability insurance policies for wildfires. In May 2013, a fire broke out on forest land owned by Lyme St. Croix Forest Company. The fire burned nearly 7,500 acres over the course of three days and…… Continue Reading […]

  • Bad Faith May Arise Out Of Wrongful Misrepresentation in Application Denial

    by Chip Merlin on 2018-11-28 at 05:16Suspicion runs rampant with some insurance companies when it comes to alleged arson. Even if they cannot prove the policyholder had anything to do with a fire, some adjusters cannot help to look for other ways to deny an insurance claim. In Hayes vs. Metropolitan Property and Casualty Insurance Company,1 an insurer was held liable…… Continue Reading […]

  • UAE: Regulator finalising rules for online insurance platforms

    on 2018-12-03 at 19:43The UAE Insurance Authority is currently finalising its regulatory system that will be launched soon in order to deal with online platforms that market insurance and offer insurance price comparisons. […]

  • Egypt: Insurers ready IT systems to cater for product review fees

    on 2018-12-03 at 19:43Insurance companies have begun to amend their electronic systems in preparation for collecting a policy review fee for the Financial Regulatory Authority (FRA), amounting to one thousandth of the total direct premiums. The payments, to be made quarterly, are set to be implemented in January 2019. […]

  • Middle East: To curb cyber risk, businesses need to secure people first

    on 2018-12-03 at 19:43Employees are the easiest route through which to launch cyber attacks on an organisation, and increased reliance on technology demands a greater focus on securing the humans at the centre of it all, according to Mr Jeff Ogden, general manager, Mimecast Middle East. […]

Global Risk Insights Political Risk for the 21st century

  • How biological threats are shaping biosecurity policy in New Zealand

    by Hali Czosnek on 2018-11-30 at 00:15At first glance, New Zealand’s biosecurity organization and Onions New Zealand appear to be an odd partnership. However, Biosecurity New Zealand and Onions New Zealand have begun to work together to ensure that they are prepared in the event of threats to biosecurity. The post How biological threats are shaping biosecurity policy in New Zealand appeared first on Global Risk Insights. […]

  • India’s Bid for the Nuclear Suppliers Group

    by Malvika Singh on 2018-11-29 at 21:54Becoming a member of the exclusive Nuclear Suppliers Group (NSG) would be a major coup Modi as his government heads into general elections in 2019. While most of  48 members have endorsed the Indian bid, China continues to veto India’s ability to join the Group by stating it is not an Non-Proliferation Treaty signatory. The post India’s Bid for the Nuclear Suppliers Group […]

Canadian Underwriter Insurance and Risk News and Analysis. #1 in Canada

  • How brokers can benefit from Instagram

    by Greg Meckbach on 2018-11-30 at 21:37Brokers should be using Instagram and other social media sites to establish themselves as “thought leaders,” Economical Insurance advises. “Instagram is a great channel to share content and share your team culture because at the end of the day, I… The post How brokers can benefit from Instagram appeared first on Canadian Underwriter. […]

  • Data breach risk prompts new Ontario legislation

    by Greg Meckbach on 2018-11-30 at 21:15Recent backlashes against Statistics Canada and Facebook have prompted Ontario lawmakers to make it harder to share consumer banking information. “Financial data is especially vulnerable to hacking,” Stephen Crawford, Ontario MPP for Oakville, said Thursday at Queen’s Park in Toronto.… The post Data breach risk prompts new Ontario legislation appeared first on Canadian […]

  • Forget about blockchain and AI. Get your website up first.

    by Jason Contant on 2018-11-30 at 21:00Thinking about dabbling in blockchain or artificial intelligence (AI) at your managing general agency (MGA)? It’s probably best to focus on taking smaller steps first. “There’s a whole set of first steps that are being overlooked,” said Jeff McCann, CEO… The post Forget about blockchain and AI. Get your website up first. appeared first on Canadian Underwriter. […]

  • Public sector expertise factors into brokerage’s merger with Aon

    by Jason Contant on 2018-11-30 at 20:54A Montreal-based commercial brokerage will soon join Aon Canada’s public sector practice. Aon reported Tuesday that Lemieux, Ryan and Associates will join the practice in Montreal as of Jan. 1, 2019. Lemieux, Ryan and Associates is a licensed general insurance… The post Public sector expertise factors into brokerage’s merger with Aon appeared first on Canadian Underwriter. […]

  • Half a billion could be affected by hotel data breach

    by Greg Meckbach on 2018-11-30 at 19:51BETHESDA, Md. – A security breach at one of North America’s largest hotel groups, which includes the Sheraton, Westin, Starwood and Marriott brands, has exposed the personal information of as many as 500 million guests. Marriott International, Inc. said Friday… The post Half a billion could be affected by hotel data breach appeared first on Canadian Underwriter. […] General insurance and financial services news from Australia and around the world

InsureZero Blog All you need to know about Insurance

  • 5 Ways Modern Print Technology Can Help Your Business

    by David Webb on 2018-11-29 at 16:54In an increasingly digital world, printers are still some of the most important amenities in a workplace. No matter how much you try to move to a paperless business model, printing still has a vital role to play in all of your business processes. Here are five ways modern print technology can help your business. 5 Ways Modern Print Technology Can Help Your Business Author: David WebbInsureZero […]


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