Insurance Roundup, March 21, 2019

General Insurance

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

  • Investigators may Probe Houston Chemical Fire
    by Rachel Adams-Heard and Ben Foldy on 2019-03-21 at 05:00Federal and local investigators are weighing a probe of the Houston chemical blaze as hazardous compounds waft near the burned-out site. The U.S. Chemical Safety Board “is following up on the incident and should be making a decision to send […]

  • Studies Find Misdiagnosis Most Common Reason for Malpractice Claims
    on 2019-03-21 at 05:00Two studies released this week underscored the significance of misdiagnosis as a source of medical malpractice claims. Coverys, a malpractice carrier based in Boston, reported that a review of 1,800 closed claims against physicians from 2013 to 2017 showed 46% […]

  • Fraudster Admits Scamming $100M from Facebook and Google
    by Chris Dolmetsch on 2019-03-21 at 05:00A Lithuanian man admitted he helped trick Facebook Inc. and Alphabet Inc.’s Google into sending more than $100 million through a phishing scheme. Evaldas Rimasauskas, 50, pleaded guilty to one count of wire fraud before U.S. District Judge George Daniels […]

  • N.Y. Legislature Passes Bill to Expand School Zone Speed Cameras
    by Chris Carola on 2019-03-21 at 00:14ALBANY, N.Y — The Democrat-controlled state Legislature has passed legislation aimed at improving pedestrian safety in New York City school zones by adding hundreds of traffic surveillance cameras designed to catch speeders. The Assembly and Senate on Tuesday easily passed […]

  • Devastating Nebraska Floods Threaten to Stretch into the South
    on 2019-03-20 at 16:42BROWNVILLE, Neb. — Emergency officials in Southern U.S. states kept a wary eye on the Missouri and Mississippi rivers as massive flooding that killed four people and caused more than $1 billion in estimated damages to homes, businesses and crops […]

  • Butterball Recalls Ground Turkey after 4 Salmonella Cases
    on 2019-03-20 at 16:30Butterball LLC issued a voluntarily recall of more than 78,000 pounds (35,400 kilograms) of raw ground turkey products nationwide Thursday as Wisconsin health officials investigate four salmonella cases in the state. The U.S. Department of Agriculture’s Food Safety and Inspection […]

  • Houston Chemical-Fire Smoke Set to Descend, Closing Schools
    by Joe Carroll and Stephen Stapczynski on 2019-03-20 at 16:21About the photo: Residents look on at the plume of smoke rising from a fire at the Intercontinental Terminals Co. petrochemical storage site on Tuesday. As a towering plume of black smoke billowed a mile above Houston for a third […]

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • Tunisia: Structural issues affect insurance industry’s profits
    on 2019-03-21 at 15:53The Tunisian insurance industry is estimated to have posted net profits of up to TND100m ($33.2m) for 2018, according to Mr Hafedh Gharbi, president of the insurance regulator, the General Insurance Committee (CGA). […]

  • Algeria: Weak demand for public liability insurance products
    on 2019-03-21 at 15:53With the exception of public liability insurance purchased for public carriers of goods, there are only occasional subscriptions for other forms of public liability insurance, says the president of the Algerian Union of Insurance Brokers (UACA), Mr Boudraa Abdelaziz. […]

  • UAE: ADNIC declares 30% dividend payout for 2018 financial year
    on 2019-03-21 at 15:53Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has announced the distribution of 30% cash dividends for the financial year ended 31 December 2018. The total dividends amount to AED112.5m ($30.6m) which is an increase of 20% from that declared for FY2017. […]

Global Risk Insights Political Risk for the 21st century

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

  • How BC Hydro fares in managing its cyber security risk
    by Jason Contant on 2019-03-20 at 21:53British Columbia’s electric utility is managing its cyber security risk for system components that must conform to mandatory reliability standards, but not for components to which the standards do not apply, the province’s auditor general has found. “We concluded that… The post How BC Hydro fares in managing its cyber security risk appeared first on Canadian Underwriter. […]

  • The challenges in navigating the ridesharing insurance minefield
    by Jason Contant on 2019-03-20 at 21:12Despite using a wholly-owned captive insurance subsidiary and third-party insurance, ridesharing company Lyft Inc. cannot ensure its coverage will sustain all of its business risks and costs, the company acknowledged in a recent stock-listing prospectus of risk factors. San Francisco,… The post The challenges in navigating the ridesharing insurance minefield appeared first on Canadian […]

  • Collision damages ships in Vancouver Harbour
    by Greg Meckbach on 2019-03-20 at 20:40RICHMOND, B.C. – Transport Canada says two ships collided in Vancouver Harbour Sunday after one lost power, but no one was injured and no pollutants were released. The federal department says in a statement that the bulk carrier MV Caravos… The post Collision damages ships in Vancouver Harbour appeared first on Canadian Underwriter. […]

  • How small potatoes from federal budget can help insurers
    by Greg Meckbach on 2019-03-20 at 19:53The federal government’s commitment Tuesday to spend $1 million a year on hazard awareness training – from a total budget of nearly $350 billion – will go a “long way” towards helping Canadians understand property risk, the Insurance Bureau of… The post How small potatoes from federal budget can help insurers appeared first on Canadian Underwriter. […]

  • Economical clears major hurdle to demutualization
    by Greg Meckbach on 2019-03-20 at 18:26Economical Insurance is a step closer to demutualization and becoming publicly traded on the stock exchange. An overwhelming majority (99%) of the insurer’s mutual policyholders voted Wednesday in favour of a demutualization proposal released in January. Several more steps are… The post Economical clears major hurdle to demutualization appeared first on Canadian Underwriter. […]

insuranceNEWS.com.au General insurance and financial services news from Australia and around the world

InsureZero Blog All you need to know about Insurance

  • 4 Types of Insurance You Need to Protect Your Business
    by Jasmine Williams on 2019-03-19 at 21:06When it comes to shopping for insurance policies for your small business, it’s important to understand exactly what kind of coverage you are going to need. There are several different forms of insurance specifically designed to protect you from a variety of unfortunate incidents. Unfortunately, most small business owners are not aware of the legal […] 4 Types of Insurance You Need to […]


Advertisements

Insurance Roundup, March 20, 2019

General Insurance

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®

  • Florida Investigative Report Highlights Florida Legislators Taking Away Policyholder Protections
    by Chip Merlin on 2019-03-19 at 04:15Reporter Steve Andrews ran a televised story highlighting that some Florida legislators are listening to insurance company lawyers and lobbyists rather than taking care of their constituents in Consumers Would Take Hit If Insurance Lobby Gets Its Way, and Change in Insurance Law Would Take Away Consumers’ Day in Court. The story references Florida House…… Continue Reading […]

  • Are Market Conduct Examiners Listening to Common Property Insurance Claims Complaints?
    by Chip Merlin on 2019-03-18 at 04:15Market conduct examinations of insurance company claims practices are important. Do you think that examiners are listening to the same repetitive complaints I hear from policyholders, contractors, roofers, public adjusters and other lawyers at the various seminars and trade shows I attend? Many market conduct studies never analyze internal operation analysis insurance companies own […]

  • Insurance Agent Error and Omission—Merlin Law Group Wins Trial
    by Chip Merlin on 2019-03-17 at 17:12An insurance agent has many responsibilities which to do correctly, requires a great amount of specific education and a lot of attention to detail. Insurance agents are important because they sell one of the most important financial products any of us can purchase. The entire purpose of the insurance product they sell protects us from…… Continue Reading […]

  • China: 2 listed companies eye separate insurance start-ups
    on 2019-03-20 at 15:43Hainan Haiqi Transportation Group and Chengdu Haoneng Technology, both of which are listed on the Shanghai stock exchange, yesterday announced separately that they plan to establish insurance companies, to be called Haijin Property Insurance and Western Agricultural Insurance respectively. […]

  • India: Local reinsurance giant raises premium rates
    on 2019-03-20 at 15:43Businesses in several sectors such as pharma, textiles and steel have seen their property insurance rates soar by as much as eight times after national reinsurer GIC Re revised its reinsurance rates with effect from 1 March. […]

  • Asia: 5G to turbo-charge health insurance industry
    on 2019-03-20 at 15:43The advancement of 5G technology would allow insurers to process health data at an unprecedented rate and perform more dynamic underwriting based on real time information from consumers. As the industry moves into the next generation of wearables recording all forms of health data, “5G will put the insurance sector on rocket power” with it significantly increasing the speed of networks by 100 […]

  • Organisers of Asia Insurance Technology Awards welcome nominations
    on 2019-03-20 at 15:43Nominations are open for the Asia Insurance Technology Awards (AITAs), an annual award programme organised by financial technology consulting firm Celent in partnership with Asia Insurance Review. […]

  • Australia: Health insurance costs top household worries for the 1st time
    on 2019-03-20 at 15:43Health insurance has overtaken electricity as the main household cost concern in the latest quarterly survey of more than 1,000 Australians by CHOICE, the leading consumer advocacy group in Australia. This is the first time health insurance costs is the topmost concern for households since the survey began in 2014. […]

  • Morocco: Non-life business outstrips life operations at Saham Assurance
    on 2019-03-20 at 15:43One of Morocco’s biggest insurers, Saham Assurance, has posted a 7.8% increase in overall turnover to MAD5.22bn ($544.6m) for the financial year ended 31 December 2018, compared to 2017. […]

  • Bahrain: Insurance industry discusses VAT
    on 2019-03-20 at 15:43Insurance companies should develop a consistent approach to industry-wide issues, rather than developing individual stances that may or may not be accepted by the National Bureau of Revenue (NBR), Bahrain’s tax authority, according to Mr Omar Hisham, an adviser to the insurance industry. […]

  • Turkey: Umbrella trade body sets up committees to develop insurance agencies
    on 2019-03-20 at 15:43The TOBB Insurance Agencies Executive Committee (SAIK)has established six committees to improve the profession in order to enable agencies to perform more effectively, systematically and efficiently. […]

Global Risk Insights Political Risk for the 21st century

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

  • Trisura Guarantee announces new CEO
    by David Gambrill on 2019-03-19 at 21:37Trisura Guarantee Insurance Company has appointed Chris Sekine as president and CEO. He succeeds Mike George, who will continue to work with Trisura Guarantee on a consulting basis. Sekine has led Trisura Guarantee’s surety group since its inception. He has… The post Trisura Guarantee announces new CEO appeared first on Canadian Underwriter. […]

  • BFL Canada appoints vice chair
    by Jason Contant on 2019-03-19 at 20:32Commercial insurance brokerage BFL Canada has announced the appointment of Norman M. Steinberg as vice chair. Steinberg was appointed to BFL’s board of directors in June of 2018. He was previously global chair of international law firm Norton Rose Fulbright.… The post BFL Canada appoints vice chair appeared first on Canadian Underwriter. […]

  • This Supreme Court ruling could drive environmental insurance sales
    by Greg Meckbach on 2019-03-19 at 20:18Brokers could see more demand for environmental liability insurance because of a recent Supreme Court of Canada ruling in favour of the Alberta Energy Regulator, a Toronto underwriter suggests. In Orphan Well Association v. Grant Thornton Ltd., the Supreme Court… The post This Supreme Court ruling could drive environmental insurance sales appeared first on Canadian Underwriter. […]

  • How this broker is binding Lloyd’s policies online
    by Greg Meckbach on 2019-03-19 at 20:05A Calgary-based Lloyd’s coverholder has re-launched its website to make it easier for brokers to bind policies for special events without having to deal with a lot of paper forms. PAL Insurance Brokers Canada Ltd. has allowed clients to apply… The post How this broker is binding Lloyd’s policies online appeared first on Canadian Underwriter. […]

  • Manitoba flooding could be worse than 2009
    by Greg Meckbach on 2019-03-19 at 19:58WINNIPEG – Heavy snowfall in the United States has raised the threat of flooding in Manitoba’s Red River Valley this spring. The Manitoba government says conditions have worsened since its first flood outlook last month. The province says, with average… The post Manitoba flooding could be worse than 2009 appeared first on Canadian Underwriter. […]

insuranceNEWS.com.au General insurance and financial services news from Australia and around the world

InsureZero Blog All you need to know about Insurance

  • 4 Types of Insurance You Need to Protect Your Business
    by Jasmine Williams on 2019-03-19 at 21:06When it comes to shopping for insurance policies for your small business, it’s important to understand exactly what kind of coverage you are going to need. There are several different forms of insurance specifically designed to protect you from a variety of unfortunate incidents. Unfortunately, most small business owners are not aware of the legal […] 4 Types of Insurance You Need to […]

  • 5 Insurance Tips for Entrepreneurs and Startups
    by Alexander Hunkin on 2019-03-17 at 19:28The business world is a scary place even for those who are experienced entrepreneurs. Being a new kid on the block is much scarier, which is why you need all the protection, reassurance and guarantee that you can get. The simplest way to achieve this is to get proper insurance, yet, how are you supposed […] 5 Insurance Tips for Entrepreneurs and Startups Author: Alexander HunkinInsureZero […]


Insurance Roundup, March 19, 2019

General Insurance

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®

  • Florida Investigative Report Highlights Florida Legislators Taking Away Policyholder Protections
    by Chip Merlin on 2019-03-19 at 04:15Reporter Steve Andrews ran a televised story highlighting that some Florida legislators are listening to insurance company lawyers and lobbyists rather than taking care of their constituents in Consumers Would Take Hit If Insurance Lobby Gets Its Way, and Change in Insurance Law Would Take Away Consumers’ Day in Court. The story references Florida House…… Continue Reading […]

  • Are Market Conduct Examiners Listening to Common Property Insurance Claims Complaints?
    by Chip Merlin on 2019-03-18 at 04:15Market conduct examinations of insurance company claims practices are important. Do you think that examiners are listening to the same repetitive complaints I hear from policyholders, contractors, roofers, public adjusters and other lawyers at the various seminars and trade shows I attend? Many market conduct studies never analyze internal operation analysis insurance companies own […]

  • Insurance Agent Error and Omission—Merlin Law Group Wins Trial
    by Chip Merlin on 2019-03-17 at 17:12An insurance agent has many responsibilities which to do correctly, requires a great amount of specific education and a lot of attention to detail. Insurance agents are important because they sell one of the most important financial products any of us can purchase. The entire purpose of the insurance product they sell protects us from…… Continue Reading […]

  • Is A Licensed Public Adjuster Disqualified To Act As An Appraiser For Somebody Other Than A Policyholder?
    by Chip Merlin on 2019-03-16 at 04:15Public adjuster Stephanie Lee approached me at the Win The Storm conference with an intriguing question—could she be appointed by a contractor holding an Assignment of Claim as the contractor’s appraiser in an appraisal? My first thought, and I bet it is the same thought most reading this blog, was “why not?” Most states only…… Continue Reading […]

  • Can a Policyholder Litigate Bad Faith in the Breach of Contract Lawsuit?
    by Kay Morgan on 2019-03-15 at 04:15Texas policyholders have been through somewhat of a drought lately when it comes to favorable opinions regarding the disposition of motions to sever and abate filed by Defendant insurers. A break in this dry spell, however, arrived with the recent decision of Donald v. Metropolitan Lloyds Insurance Company of Texas.1 This suit presents the typical…… Continue Reading […]

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

  • What 5G technology means for the insurance and collision repair industries
    by Jason Contant on 2019-03-18 at 20:34The promise of 5G technology was one of the top stories coming out of this year’s Consumer Electronics Show. But what does that mean for the insurance and collision repair industries? A massive increase in connected devices that respond seemingly… The post What 5G technology means for the insurance and collision repair industries appeared first on Canadian Underwriter. […]

  • How the Big 5 banks insure their directors’ liability
    by Greg Meckbach on 2019-03-18 at 20:17Canada’s five biggest banks are paying nearly $8 million a year collectively in premiums, for billions in directors’ and officers’ liability insurance with no deductibles, recent security filings show. The total coverage limit and the circumstances under which those policies… The post How the Big 5 banks insure their directors’ liability appeared first on Canadian […]

  • Flood victims win lawsuit against neighbour over laneway access
    by Greg Meckbach on 2019-03-18 at 20:08A commercial property owner who was sued for $100,000 by neighbours over water damage is unable to appeal to the Supreme Court of Canada. The top court announced March 14 it is denying Marilyn Marks leave to appeal a Court… The post Flood victims win lawsuit against neighbour over laneway access appeared first on Canadian Underwriter. […]

  • How to onboard your new sales managers
    by Jason Contant on 2019-03-18 at 19:46Proper manager onboarding and development can have high payback for any sales force, noted the blog Why New Sales Managers Need More Training, published late last week in Harvard Business Review. Onboarding is the process of integrating a newly hired… The post How to onboard your new sales managers appeared first on Canadian Underwriter. […]

  • Poison reports up in wake of cannabis legalization
    by Greg Meckbach on 2019-03-18 at 19:17HALIFAX – Atlantic Canada’s largest children’s hospital is warning parents about the risks of edible weed after a flood of cannabis-related calls to its poison centre. The IWK Health Centre says it fielded three times as many cannabis calls to… The post Poison reports up in wake of cannabis legalization appeared first on Canadian Underwriter. […]

insuranceNEWS.com.au General insurance and financial services news from Australia and around the world

InsureZero Blog All you need to know about Insurance

  • 5 Insurance Tips for Entrepreneurs and Startups
    by Alexander Hunkin on 2019-03-17 at 19:28The business world is a scary place even for those who are experienced entrepreneurs. Being a new kid on the block is much scarier, which is why you need all the protection, reassurance and guarantee that you can get. The simplest way to achieve this is to get proper insurance, yet, how are you supposed […] 5 Insurance Tips for Entrepreneurs and Startups Author: Alexander HunkinInsureZero […]


Insurance Roundup, March 18, 2019

General Insurance

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

  • Investigators Pin Thomas Fire on Southern California Power Lines
    by Christopher Weber on 2019-03-18 at 05:00One of the largest fires in California history was sparked by Southern California Edison power lines that came into contact during high winds, investigators said Wednesday. The resulting arc ignited dry brush on Dec. 4, 2017, starting the blaze in […]

  • Mother and Foster Daughter Accused of Scamming AFLAC for $400K
    on 2019-03-18 at 05:00Two Washington state woman are accused of scamming more than $400,000 from AFLAC by filing multiple fraudulent claims from 2012 to 2015, according to Insurance Commissioner Mike Kreidler’s office. Darcy Nicole Brioso and Delta Lynn Jackson were charged in Clark […]

  • Boeing Max Grounding May Spark Uptick in Travel Insurance Claims
    on 2019-03-15 at 22:51The grounding of Boeing 737 Max airplanes is likely to cause a spike in travel insurance claims, InsureMyTrip said in a press release. “This is a very rare occurrence and we anticipate that travelers affected by this will be filing […]

  • Work Comp Fraudster Must Repay $246K, Spend Seven Months in Prison
    on 2019-03-15 at 15:52A Cleveland-area man was sentenced to seven months in prison Wednesday and ordered to repay nearly $246,000 in disability benefits he fraudulently received from the Ohio Bureau of Workers’ Compensation and the Social Security Administration, the BWC said Friday. Louis […]

  • No Panic in Hawaii After False Alarm about Missile Attack
    on 2019-03-15 at 15:44Newswise — When Hawaiians received a false alarm text message that said “Ballistic missile threat inbound to Hawaii. Seek immediate shelter. This is not a drill,” in January 2018, the result was not panic, according to new research from the […]

  • New Technology Speeds Search and Rescue Operations in Alaska
    on 2019-03-15 at 15:20New technology is reducing Alaska search and rescue operations from days to minutes. The Alaska Department of Public Safety’s aerial search teams are using a new $600,000 camera-and-mapping system with an infrared camera that picks up heat signatures from people […]

  • Black Box Politics: How National Pride Intrudes on Crash Probes
    by Alan Levin and Julie Johnsson on 2019-03-15 at 15:05The EgyptAir flight to Cairo had barely cleared the New York coast when it mysteriously dove into the ocean. Cockpit recordings eventually made clear what happened: A copilot being summoned to Egypt to be reprimanded had killed himself and the […]

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • Are Market Conduct Examiners Listening to Common Property Insurance Claims Complaints?
    by Chip Merlin on 2019-03-18 at 04:15Market conduct examinations of insurance company claims practices are important. Do you think that examiners are listening to the same repetitive complaints I hear from policyholders, contractors, roofers, public adjusters and other lawyers at the various seminars and trade shows I attend? Many market conduct studies never analyze internal operation analysis insurance companies own […]

  • Insurance Agent Error and Omission—Merlin Law Group Wins Trial
    by Chip Merlin on 2019-03-17 at 17:12An insurance agent has many responsibilities which to do correctly, requires a great amount of specific education and a lot of attention to detail. Insurance agents are important because they sell one of the most important financial products any of us can purchase. The entire purpose of the insurance product they sell protects us from…… Continue Reading […]

  • Is A Licensed Public Adjuster Disqualified To Act As An Appraiser For Somebody Other Than A Policyholder?
    by Chip Merlin on 2019-03-16 at 04:15Public adjuster Stephanie Lee approached me at the Win The Storm conference with an intriguing question—could she be appointed by a contractor holding an Assignment of Claim as the contractor’s appraiser in an appraisal? My first thought, and I bet it is the same thought most reading this blog, was “why not?” Most states only…… Continue Reading […]

  • Can a Policyholder Litigate Bad Faith in the Breach of Contract Lawsuit?
    by Kay Morgan on 2019-03-15 at 04:15Texas policyholders have been through somewhat of a drought lately when it comes to favorable opinions regarding the disposition of motions to sever and abate filed by Defendant insurers. A break in this dry spell, however, arrived with the recent decision of Donald v. Metropolitan Lloyds Insurance Company of Texas.1 This suit presents the typical…… Continue Reading […]

  • Insurance Regulation and the Attack on Admitted Insurance Carriers in Florida
    by Chip Merlin on 2019-03-14 at 16:59Insurance regulation is important. Unlike other commercial products, insurance is a product that serves the public trust. Without regulation, history has proven that insurers cannot control themselves. They go broke just when we need them the most and their claims practices, if unchecked, can be atrocious. States with a strong admitted marketplace should be encouraged….… Continue Reading […]

  • The Protection Gap in Property Insurance—Why Nobody Should Buy Farmers Smart Plan Insurance
    by Chip Merlin on 2019-03-14 at 04:15Gaps in Insurance coverage are an increasingly significant issue. The Rutgers Center for Risk and Responsibility and the Rutgers Law School will hold a conference on The Protection Gap in Property Insurance, on Friday, March 29. This conference will address the protection gap in residential and commercial property losses and related types of losses in the…… Continue Reading […]

  • GCC: Competition & regulatory changes will push consolidation among insurers
    on 2019-03-18 at 18:08Intense competition is the main concern among insurers in the GCC countries, according to Moody’s 2019 annual survey of the chief financial officers (CFOs) of 12 leading GCC insurers. In the poll, over 40% of respondents cited intense competition as the sector’s main challenge. […]

  • Saudi Arabia: Insurers await law change regarding minimum capital
    on 2019-03-18 at 18:08The insurance market in Saudi Arabia is potentially facing a major shake-up as a new draft insurance law has proposed raising the minimum level of capital insurers need to hold to SAR500m ($133.3m), international ratings agency Moody’s has said. The current minimum capital is SAR100m. […]

  • Lebanon: Insurance market posts marginal premium growth
    on 2019-03-18 at 18:08The insurance sector achieved growth of 3% during 2018, with the gross written premium reaching around $1.7bn, according to the Minister of Economy and Trade, Mr Mansour Bteich. […]

Global Risk Insights Political Risk for the 21st century

  • Italy: Likelihood of general elections
    by Aman Navani on 2019-03-14 at 15:09The recent regional elections in Abruzzo and Sardinia have highlighted the contrasting political fortunes of the two populist parties that make up Italy’s coalition government. The post Italy: Likelihood of general elections appeared first on Global Risk Insights. […]

  • Kurdistan Region stalls government formation
    by Winthrop Rodgers on 2019-03-13 at 23:44The last several years have been turbulent for the oil-rich Kurdistan Region. The local elections in September represented an opportunity to introduce some stability. The post Kurdistan Region stalls government formation appeared first on Global Risk Insights. […]

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

  • The big concern among commercial clients about cyber policies
    by Greg Meckbach on 2019-03-15 at 20:11Some commercial clients are looking for more consistency across the industry in cyber policy wording. Survey data shows cyber is the Number 1 hot topic for members of Risk and Insurance Management Society (RIMS) Inc., said Jennifer Goodwin, chair of… The post The big concern among commercial clients about cyber policies appeared first on Canadian Underwriter. […]

  • How bad financials can affect your client’s insurance rates
    by Greg Meckbach on 2019-03-15 at 20:08Do insurers really care about a client’s balance sheet? A former lawyer who represented The Trump Organization recently suggested clients could get a good rate if the broker could be certain that the client could pay the premium. Brokers contacted… The post How bad financials can affect your client’s insurance rates appeared first on Canadian Underwriter. […]

  • Don’t count on interest rate hikes this year or next
    by Greg Meckbach on 2019-03-15 at 19:32TORONTO – TD Securities is predicting the Bank of Canada will keep its key interest rate on hold through to the end of next year. The forecast builds on the firm’s forecast last week that the central bank would not… The post Don’t count on interest rate hikes this year or next appeared first on Canadian Underwriter. […]

  • What this study says about replacing windshields for vehicles with driver-assist safety features
    by David Gambrill on 2019-03-15 at 19:30Camera calibration – which is required after replacing windshields on cars that offer advanced driving assistance systems (ADAS) – is just as efficient using aftermarket replacement windshields as it is with original equipment manufacturer (OEM) windshields, according to a new… The post What this study says about replacing windshields for vehicles with driver-assist safety […]

  • How waiving this government fee could reduce auto premiums
    by David Gambrill on 2019-03-15 at 19:30If the Ontario government wants to take one small step towards reducing auto insurance premiums for its drivers, it might consider dropping its administrative charges for drivers and their insurers to obtain three-year driving records, one industry professional suggests. “Assuming… The post How waiving this government fee could reduce auto premiums appeared first on Canadian […]

insuranceNEWS.com.au General insurance and financial services news from Australia and around the world

InsureZero Blog All you need to know about Insurance

  • 5 Insurance Tips for Entrepreneurs and Startups
    by Alexander Hunkin on 2019-03-17 at 19:28The business world is a scary place even for those who are experienced entrepreneurs. Being a new kid on the block is much scarier, which is why you need all the protection, reassurance and guarantee that you can get. The simplest way to achieve this is to get proper insurance, yet, how are you supposed […] 5 Insurance Tips for Entrepreneurs and Startups Author: Alexander HunkinInsureZero […]


Insurance Roundup, March 15, 2019

General Insurance

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®

  • Never Say Never: There Is a Good Case on Sever and Abate
    by Chip Merlin on 2019-03-15 at 04:15Texas policyholders have been through somewhat of a drought lately when it comes to favorable opinions regarding the disposition of motions to sever and abate filed by Defendant insurers. A break in this dry spell, however, arrived with the recent decision of Donald v. Metropolitan Lloyds Insurance Company of Texas.1 This suit presents the typical…… Continue Reading […]

  • Insurance Regulation and the Attack on Admitted Insurance Carriers in Florida
    by Chip Merlin on 2019-03-14 at 16:59Insurance regulation is important. Unlike other commercial products, insurance is a product that serves the public trust. Without regulation, history has proven that insurers cannot control themselves. They go broke just when we need them the most and their claims practices, if unchecked, can be atrocious. States with a strong admitted marketplace should be encouraged….… Continue Reading […]

  • The Protection Gap in Property Insurance—Why Nobody Should Buy Farmers Smart Plan Insurance
    by Chip Merlin on 2019-03-14 at 04:15Gaps in Insurance coverage are an increasingly significant issue. The Rutgers Center for Risk and Responsibility and the Rutgers Law School will hold a conference on The Protection Gap in Property Insurance, on Friday, March 29. This conference will address the protection gap in residential and commercial property losses and related types of losses in the…… Continue Reading […]

  • Insurance Recovery for Condominium Policyholders
    by Julitza Perez on 2019-03-13 at 04:15Condado is a diverse community in San Juan, Puerto Rico, that is 7 miles long but well known by tourists for hotels, restaurants and beaches. For the locals this area it is also known for its numerous condominiums, which were greatly affected in 2017 by Hurricane Maria. To this date, many of the insurance companies…… Continue Reading […]

  • Can My Recovery be Limited to Actual Cash Value When the Insurer’s Failure to Pay Prevented Compliance with My Policy Condition on Recovering Replacement Cost?
    by Paul LaSalle on 2019-03-12 at 04:15Insurers often try to limit damages once they are found liable for breach of the insurance contract by claiming that the insurance policy limits the insured’s recovery to the actual cash value because the insured did not comply with the policy’s condition on recovering replacement cost.1 Insureds generally counter by arguing it would be inequitable…… Continue Reading […]

  • Statutory Penalties Plus Punitives and No Caps
    by Deborah Trotter on 2019-03-12 at 04:15The Sixth Circuit Court of Appeals in Tennessee recently ruled and reaffirmed that a Tennessee policyholder is not limited to the statutory extracontractual remedy for an insurer’s bad faith refusal to pay on a policy. She may also be awarded punitive damages under common law. And, further, the Tennessee legislative cap on punitive damages is…… Continue Reading […]

  • Australia: Zurich in alliance to strengthen capacity in M&A insurance
    on 2019-03-15 at 16:10Zurich Australia Insurance has announced a new underwriting agency partnership that will boost its capacity in the mergers and acquisitions (M&A) insurance space. […]

  • South Korea: Regulator to act to cut short-term currency hedging by insurers
    on 2019-03-15 at 16:10South Korea’s financial regulator said yesterday it will take steps to reduce insurers’ exposure to short-term currency hedging products, in the latest measure to tackle weaknesses in the financial system. […]

  • Japan: Sompo Japan Nipponkoa offers insurance gift service
    on 2019-03-15 at 16:10Japanese messaging app company Line Corporation and Sompo Japan Nipponkoa Insurance have started a service enabling people to gift insurance products to acquaintances and others with the Line free messaging app on their smartphones. […]

  • India: LIC has a new chairman
    on 2019-03-15 at 16:10The Indian government has appointed Mr M R Kumar as the new chairman of India’s biggest life insurer, Life Insurance Corporation of India (LIC), according to a Personnel Ministry order. […]

  • China: Minister says basic pensions can be paid in full
    on 2019-03-15 at 16:10China is capable of ensuring full and punctual payment of basic pensions even after reducing business contribution to social insurance schemes, Mr Zhang Jinan, Minister of Human Resources and Social Security has said. […]

Global Risk Insights Political Risk for the 21st century

  • Italy: Likelihood of general elections
    by Aman Navani on 2019-03-14 at 15:09The recent regional elections in Abruzzo and Sardinia have highlighted the contrasting political fortunes of the two populist parties that make up Italy’s coalition government. The post Italy: Likelihood of general elections appeared first on Global Risk Insights. […]

  • Kurdistan Region stalls government formation
    by Winthrop Rodgers on 2019-03-13 at 23:44The last several years have been turbulent for the oil-rich Kurdistan Region. The local elections in September represented an opportunity to introduce some stability. The post Kurdistan Region stalls government formation appeared first on Global Risk Insights. […]

  • Sudan in state of emergency
    by Hadeeka Taj on 2019-03-11 at 22:38Sudan is facing social unrest over the rule of President Bashir. This will cause socio-economic and political uncertainty over short to medium term. The post Sudan in state of emergency appeared first on Global Risk Insights. […]

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

  • Broker fined for failing to review with his client a $1.4-million coverage change
    by David Gambrill on 2019-03-14 at 20:16A Manitoba broker is out of pocket $1,000 for failing to review with his client a $1.4-million change to a client’s commercial property insurance policy. On Dec. 12, 2011, an insurer requested renewal instructions from Manitoba broker Horace Smaczylo, as… The post Broker fined for failing to review with his client a $1.4-million coverage change appeared first on Canadian Underwriter. […]

  • What this direct writer learned by starting up its own broker channel
    by David Gambrill on 2019-03-14 at 20:16We’ve all heard about multi-channel insurance companies that sell through the broker channel while at the same time beefing up their direct channel. But how about CAA Insurance, a direct writer that has become a multi-channel writer by building up… The post What this direct writer learned by starting up its own broker channel appeared first on Canadian Underwriter. […]

  • Top court sides with insurer in unidentified vehicle coverage dispute
    by Greg Meckbach on 2019-03-14 at 20:10A Supreme Court of Canada decision released today means Wawanesa Mutual Insurance Company does not have to cover a claimant who says he drove off the road to avoid an oncoming vehicle. Andrew Funk was injured after he drove his… The post Top court sides with insurer in unidentified vehicle coverage dispute appeared first on Canadian Underwriter. […]

  • How recreational cannabis has created numerous challenges for insurers
    by Greg Meckbach on 2019-03-14 at 20:06Cannabis legalization is making things more complex for auto insurers and increasing risk for some commercial property clients, A.M. Best Company Inc. suggests in a recent report. About 25 insurers, most of whom are non-admitted, provide coverage for cannabis risks… The post How recreational cannabis has created numerous challenges for insurers appeared first on Canadian Underwriter. […]

  • Quebec reaches deal to compensate motorists trapped on highway after 2017 storm
    by Greg Meckbach on 2019-03-14 at 20:04MONTREAL – The Quebec government has agreed to compensate motorists who were trapped for hours on a major Montreal highway in March 2017 following a massive snowstorm. Lawyers representing plaintiffs in a class action lawsuit said today they reached an… The post Quebec reaches deal to compensate motorists trapped on highway after 2017 storm appeared first on Canadian Underwriter. […]

insuranceNEWS.com.au General insurance and financial services news from Australia and around the world


Insurance Roundup, March 14, 2019

General Insurance

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

  • Insurance Group Says Data Suggests Cannabis is Increasing Accident Rates

    by Jim Sams on 2019-03-14 at 05:00Preliminary research indicates that the legalization of recreational marijuana in 10 states has increased accident rates, the Insurance Information Institute said Wednesday. The group cited an October 2018 study by the Highway Loss Data Institute that shows collision claim frequency […]

  • Telematics, Parametric Insurance and AI Pitched as Claims Solutions

    on 2019-03-14 at 00:29Technology companies anxious to expand their market share in insurance sector announced this week the launch of products that will alert carriers of unsafe driving habits, expedite payments to small business owners whose operations are interrupted by earthquakes, and use […]

  • California Wildfires Left Toxic Threats Behind

    by Sharon Bernstein on 2019-03-13 at 17:25PARADISE, Calif. — As an uncontrollable wildfire turned the California town of Paradise to ash, air pollution researcher Keith Bein knew he had to act fast: Little is known about toxic chemicals released when a whole town burns and the […]

  • Prosecutors Decline to File Criminal Charges against PG&E for Wine Country Fires

    by Steve Gorman on 2019-03-13 at 17:10An investigation into fierce wildfires that swept Northern California’s wine country in 2017, killing 46 people, found no basis to criminally charge PG&E, the utility whose power lines helped spark the conflagration, prosecutors said on Monday. The decision, which leaves […]

  • General Dynamics Employee Charged with Making Threats against Co-Workers

    on 2019-03-13 at 16:02Police say an employee of a Connecticut company that builds submarines for the U.S. Navy has been charged with making a “credible threat” against the lives of specific co-workers. Police say 39-year-old Edward Lesniak, of Coventry, Rhode Island, is charged […]

  • Settlement Reached in Suit over Mo. Duck Boat Accident

    on 2019-03-13 at 15:52The company that owned a tourist boat that sank in a Missouri lake has reached a settlement with relatives of two brothers who were among 17 people who died in the accident. The Kansas City Star reports lawyers for Ervin […]

  • Faulty Air Bag Parts Lead Honda to Re-Recall 1 Million Cars

    by Ryan Beene on 2019-03-13 at 15:43Honda Motor Co. will recall more than a million vehicles in the U.S. to replace a batch of faulty air bag parts that were installed as part of the largest auto safety recall in history. A driver in Maryland was […]

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • The Protection Gap in Property Insurance—Why Nobody Should Buy Farmers Smart Plan Insurance

    by Chip Merlin on 2019-03-14 at 04:15Gaps in Insurance coverage are an increasingly significant issue. The Rutgers Center for Risk and Responsibility and the Rutgers Law School will hold a conference on The Protection Gap in Property Insurance, on Saturday, March 29. This conference will address the protection gap in residential and commercial property losses and related types of losses in the…… Continue Reading […]

  • Insurance Recovery for Condominium Policyholders

    by Julitza Perez on 2019-03-13 at 04:15Condado is a diverse community in San Juan, Puerto Rico, that is 7 miles long but well known by tourists for hotels, restaurants and beaches. For the locals this area it is also known for its numerous condominiums, which were greatly affected in 2017 by Hurricane Maria. To this date, many of the insurance companies…… Continue Reading […]

  • Statutory Penalties Plus Punitives and No Caps

    by Deborah Trotter on 2019-03-12 at 04:15The Sixth Circuit Court of Appeals in Tennessee recently ruled and reaffirmed that a Tennessee policyholder is not limited to the statutory extracontractual remedy for an insurer’s bad faith refusal to pay on a policy. She may also be awarded punitive damages under common law. And, further, the Tennessee legislative cap on punitive damages is…… Continue Reading […]

  • Can My Recovery be Limited to Actual Cash Value When the Insurer’s Failure to Pay Prevented Compliance with My Policy Condition on Recovering Replacement Cost?

    by Paul LaSalle on 2019-03-12 at 04:15Insurers often try to limit damages once they are found liable for breach of the insurance contract by claiming that the insurance policy limits the insured’s recovery to the actual cash value because the insured did not comply with the policy’s condition on recovering replacement cost.1 Insureds generally counter by arguing it would be inequitable…… Continue Reading […]

Global Risk Insights Political Risk for the 21st century

  • Kurdistan Region stalls government formation

    by Winthrop Rodgers on 2019-03-13 at 23:44The last several years have been turbulent for the oil-rich Kurdistan Region. The local elections in September represented an opportunity to introduce some stability. The post Kurdistan Region stalls government formation appeared first on Global Risk Insights. […]

  • Sudan in state of emergency

    by Hadeeka Taj on 2019-03-11 at 22:38Sudan is facing social unrest over the rule of President Bashir. This will cause socio-economic and political uncertainty over short to medium term. The post Sudan in state of emergency appeared first on Global Risk Insights. […]

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

  • Cannabis: Top 3 insurable risks — Part 2 of 2 [podcast]

    by Jason Contant on 2019-03-14 at 13:00You have a potential new client base — cannabis-producing operations. Fresh after the legalization of marijuana in Canada, these new businesses cultivate, produce, pack, and then transport the cannabis product to the customer or retailer. What specific insurance needs do… The post Cannabis: Top 3 insurable risks — Part 2 of 2 [podcast] appeared first on Canadian Underwriter. […]

  • What insurtechs can learn from hackathons

    by Greg Meckbach on 2019-03-13 at 20:48If you want to develop a new digital insurance product, it shouldn’t take dozens of months, suggests Philippe Lafreniere, chief growth officer of Slice Labs Inc. “We said, ‘can we take a hackathon approach and use it it to launch… The post What insurtechs can learn from hackathons appeared first on Canadian Underwriter. […]

  • How your client can save money by detecting plumbing problems

    by Greg Meckbach on 2019-03-13 at 20:45Canadian property clients could soon get an insurance discount by installing products from water flow sensing vendor Triple Plus Ltd. Triple Plus recently announced a pilot project in which American clients of Berkshire Hathaway GUARD can get lower property insurance… The post How your client can save money by detecting plumbing problems appeared first on Canadian Underwriter. […]

  • Renowned independent broker returns to the big stage with a new brokerage

    by David Gambrill on 2019-03-13 at 20:12A big name in Manitoba’s independent brokerage community, Peter Leipsic, is making a return to the scene as a senior partner at a new brokerage called Dimensions Insurance Management Inc. He was executive vice president at Horizon Insurance (the province’s… The post Renowned independent broker returns to the big stage with a new brokerage appeared first on Canadian Underwriter. […]

  • This global reinsurer is applying for a Canadian branch office

    by David Gambrill on 2019-03-13 at 19:57Validus Reinsurance Ltd., a Bermuda-based reinsurer acquired by AIG last year for $5.5 billion, is looking to establish a Canadian branch office. Validus intends to file an application with the Office of the Superintendent of Financial Institutions (OSFI) on or… The post This global reinsurer is applying for a Canadian branch office appeared first on Canadian Underwriter. […]

insuranceNEWS.com.au General insurance and financial services news from Australia and around the world


Insurance Roundup, March 13, 2019

General Insurance

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

  • Equine Insurance Agency Owner Sentenced for $1.3M Fraud
    on 2019-03-12 at 17:04The owner of a Rhode Island insurance agency that specialized in insuring horses was sentenced Monday to 36 months in federal prison for operating various schemes to defraud customers, insurance companies, and finance companies of approximately $1.3 million, the U.S. […]

  • Trump Flood Insurance Plan May Increase Premiums, Reduce Property Values
    by Christopher Flavelle on 2019-03-12 at 16:17Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is calculated under the National Flood Insurance Program. […]

  • Uber to Pay $20M to Settle California Misclassification Suits
    by Joel Rosenblatt on 2019-03-12 at 16:11Uber Technologies Inc. will pay $20 million to settle California lawsuits challenging the company’s classification of drivers as independent contractors, and not employees owed the benefits of traditional employment. Resolution of the long-standing fight over benefits and pay comes as […]

  • Safer Driving Contributes to Cooling Inflation
    by Matthew Boesler on 2019-03-12 at 05:00The latest culprit for cooling U.S. inflation: safer driving. A measure of underlying price pressures watched closely by policy makers continued to moderate in February, missing forecasts, according to data published Tuesday by the Labor Department. The gauge of consumer […]

  • Jurors Find Smithfield Foods Responsible for Hog Nuisances, Award 420K
    by Emery P. Dalesio on 2019-03-11 at 17:48RALEIGH, N.C. — Smithfield Foods was found responsible Friday for a fifth time for nuisances neighbors suffered from waste generated by thousands of the company’s hogs. Jurors determined the pork giant should pay $420,000 after four previous juries awarded nearly […]

  • Conn. Lawmakers Continue Push to Address Crumbling Foundations
    by Susan Haigh on 2019-03-11 at 17:30HARTFORD, Conn. — Connecticut lawmakers were urged Friday to pass additional legislation to address the state’s crumbling foundations problem and also find additional funds to help impacted homeowners. Michael Marglaras, superintendent of the Connecticut Foundation Solutions Indemnity Co., said it […]

  • Jury Awards $4.8 Million to Victim of Crash Partially Caused by Sheriff’s Deputy
    on 2019-03-11 at 17:22IDAHO CITY, Idaho — An Idaho jury has awarded more than $4.8 million to a woman injured in a U-turn accident after deciding it was partially caused by a sheriff’s deputy. But the Idaho Statesman reports that Chellus Dawn Towell […]

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • Insurance Recovery for Condominium Policyholders
    by Julitza Perez on 2019-03-13 at 04:15Condado is a diverse community in San Juan, Puerto Rico, that is 7 miles long but well known by tourists for hotels, restaurants and beaches. For the locals this area it is also known for its numerous condominiums, which were greatly affected in 2017 by Hurricane Maria. To this date, many of the insurance companies…… Continue Reading […]

  • Can My Recovery be Limited to Actual Cash Value When the Insurer’s Failure to Pay Prevented Compliance with My Policy Condition on Recovering Replacement Cost?
    by Paul LaSalle on 2019-03-12 at 04:15Insurers often try to limit damages once they are found liable for breach of the insurance contract by claiming that the insurance policy limits the insured’s recovery to the actual cash value because the insured did not comply with the policy’s condition on recovering replacement cost.1 Insureds generally counter by arguing it would be inequitable…… Continue Reading […]

  • Statutory Penalties Plus Punitives and No Caps
    by Deborah Trotter on 2019-03-12 at 04:15The Sixth Circuit Court of Appeals in Tennessee recently ruled and reaffirmed that a Tennessee policyholder is not limited to the statutory extracontractual remedy for an insurer’s bad faith refusal to pay on a policy. She may also be awarded punitive damages under common law. And, further, the Tennessee legislative cap on punitive damages is…… Continue Reading […]

  • Insurance Companies Know Their Customers Do Not Read Insurance Policies
    by Chip Merlin on 2019-03-11 at 04:15Insurance companies and insurance agents know that their customers do not read their insurance policies. Proof is found by the Squaremouth Insurance Company offering a prize which could only be found if a policyholder read the insurance policy and won a secret contest. Here is the story: A self-proclaimed ‘nerd’ from Georgia read the often-ignored…… Continue Reading […]

  • Is an Adjuster Independently Liable for Bad Faith Conduct?
    by J. Ryan Fowler on 2019-03-10 at 05:45I often get calls from potential clients that have filed a claim with their insurance and have been enraged by an insurance agent or adjuster assigned on the claim. Many potential clients say something like “I just wanted to get the claim settled but the adjuster was acting in bad faith and just wouldn’t listen.”…… Continue Reading […]

  • United Policyholders Warns Floridians About Bad Proposed Insurance Laws
    by Chip Merlin on 2019-03-09 at 05:15Amy Bach is on the side of angels when it comes to fighting for policyholder rights. She is the Executive Director of United Policyholders which is the nation’s largest not for profit advocacy. She and her staff have spent considerable time in Florida educating the public and Florida lawmakers about insurance and sound public policy…… Continue Reading […]

Global Risk Insights Political Risk for the 21st century

  • Sudan in state of emergency
    by Hadeeka Taj on 2019-03-11 at 22:38Sudan is facing social unrest over the rule of President Bashir. This will cause socio-economic and political uncertainty over short to medium term. The post Sudan in state of emergency appeared first on Global Risk Insights. […]

  • The final iron curtain for Russia’s internet?
    by Rebecca Emerick on 2019-03-10 at 22:47Russian legislators sparked hot debate this month voting by an overwhelming majority to permit a trial shutdown of Russia’s segment of the internet (runet). The post The final iron curtain for Russia’s internet? appeared first on Global Risk Insights. […]

  • Russia: Michael Calvey’s shock arrest
    by Rebecca Emerick on 2019-03-08 at 20:33Renowned investment mogul, Michael Calvey, is currently held in pretrial detention by Moscow authorities. The post Russia: Michael Calvey’s shock arrest appeared first on Global Risk Insights. […]

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

  • How air conditioner installer got dragged into basement flood
    by Greg Meckbach on 2019-03-12 at 20:51Moisture that an air conditioner collects could damage your client’s home if it doesn’t drain properly, but the client cannot necessarily blame the air conditioner installer for a flood. Basement flood victim Samuel Sieb took Gandy Installations Ltd. to British… The post How air conditioner installer got dragged into basement flood appeared first on Canadian Underwriter. […]

  • The strategy behind BrokerLink’s latest acquisitions
    by Greg Meckbach on 2019-03-12 at 20:47If you run a brokerage in Ontario, Alberta or Atlantic Canada and there is no BrokerLink in your town, there soon could be. Intact Financial Corp.’s BrokerLink unit has closed seven brokerage acquisitions since Jan. 1, said Paul Meyer, BrokerLink’s… The post The strategy behind BrokerLink’s latest acquisitions appeared first on Canadian Underwriter. […]

  • Recurring back pain and auto liability: how this court applied the two-year limit
    by David Gambrill on 2019-03-12 at 20:43If an injured cyclist in an auto liability action declares feeling better after treatment, takes a year off work, and then feels debilitating back pain after returning to work three years after the accident, does the two-year statute of limitations… The post Recurring back pain and auto liability: how this court applied the two-year limit appeared first on Canadian Underwriter. […]

  • Honda recalls 83,977 vehicles in Canada to replace Takata air bag inflators
    by Greg Meckbach on 2019-03-12 at 19:01TORONTO – Honda is recalling about 1.2 million vehicles in North and Central America because their Takata air bag inflators can explode and send shrapnel into the passenger compartment. The recall affects 83,977 vehicles in Canada and includes many Honda… The post Honda recalls 83,977 vehicles in Canada to replace Takata air bag inflators appeared first on Canadian Underwriter. […]

  • 30 Forensic Engineering Appoints Dr. Rob Parkinson as Vice President & Practice Lead, Biomechanics & Personal Injury
    by -30- Forensic Engineering on 2019-03-12 at 17:57TORONTO, ON, MAR. 12, 2019/insPRESS/ – 30 Forensic Engineering, Canada’s leading and fully-independent multi-disciplinary forensics firm, is pleased to announce the appointment of Dr. Rob Parkinson B.Sc., M.Sc., Ph.D. as Vice President & Practice Lead, Biomechanics & Personal Injury. Rob will be responsible for… The post 30 Forensic Engineering […]

insuranceNEWS.com.au General insurance and financial services news from Australia and around the world


Insurance Roundup, March 12, 2019

General Insurance

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

  • Jurors Find Smithfield Foods Responsible for Hog Nuisances, Award 420K
    by Emery P. Dalesio on 2019-03-11 at 17:48RALEIGH, N.C. — Smithfield Foods was found responsible Friday for a fifth time for nuisances neighbors suffered from waste generated by thousands of the company’s hogs. Jurors determined the pork giant should pay $420,000 after four previous juries awarded nearly […]

  • Conn. Lawmakers Continue Push to Address Crumbling Foundations
    by Susan Haigh on 2019-03-11 at 17:30HARTFORD, Conn. — Connecticut lawmakers were urged Friday to pass additional legislation to address the state’s crumbling foundations problem and also find additional funds to help impacted homeowners. Michael Marglaras, superintendent of the Connecticut Foundation Solutions Indemnity Co., said it […]

  • Jury Awards $4.8 Million to Victim of Crash Partially Caused by Sheriff’s Deputy
    on 2019-03-11 at 17:22IDAHO CITY, Idaho — An Idaho jury has awarded more than $4.8 million to a woman injured in a U-turn accident after deciding it was partially caused by a sheriff’s deputy. But the Idaho Statesman reports that Chellus Dawn Towell […]

  • Woman Convicted of Fraud for Misrepresenting Date of Accident
    on 2019-03-11 at 17:15An Iowa woman who filed a claim for damage that occurred after she purchased an auto insurance policy was convicted last week for felony insurance fraud, according to the Iowa Insurance Division’s Fraud Bureau. Jennifer Lea Fuentes, 43, was arrested […]

  • Accurate Claim Length Estimates Key to Customer Satisfaction
    by Jim Sams on 2019-03-11 at 17:01Property insurers generally score well for customer satisfaction, but the carriers that fare more poorly than others could do a better job of communicating with policyholders and setting accurate claim-length expectations, according to J.D. Power. A survey of 6,374 homeowners […]

  • Wildfire Debris Removal Halted Due to Unstable Rain-Saturated Slopes
    on 2019-03-11 at 16:35SACRAMENTO, Calif. — State officials have halted debris removal on Northern California hills scarred by a deadly wildfire because of rain-saturated, unstable slopes. Work crews and truck drivers removing debris in Paradise have been idled at least until March 19, […]

  • Work Starts on 134 Houston-Area Flood-Control Projects after Harvey
    on 2019-03-11 at 05:00Crews are working on 134 flood control projects as parts of a $2.5 billion bond program approved by Houston-area voters last year in the wake of Hurricane Harvey, officials announced Thursday. Another 103 projects are on the drawing board _ […]

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • Statutory Penalties Plus Punitives and No Caps
    by Deborah Trotter on 2019-03-12 at 04:15The Sixth Circuit Court of Appeals in Tennessee recently ruled and reaffirmed that a Tennessee policyholder is not limited to the statutory extracontractual remedy for an insurer’s bad faith refusal to pay on a policy. She may also be awarded punitive damages under common law. And, further, the Tennessee legislative cap on punitive damages is…… Continue Reading […]

  • Can My Recovery be Limited to Actual Cash Value When the Insurer’s Failure to Pay Prevented Compliance with My Policy Condition on Recovering Replacement Cost?
    by Paul LaSalle on 2019-03-12 at 04:15Insurers often try to limit damages once they are found liable for breach of the insurance contract by claiming that the insurance policy limits the insured’s recovery to the actual cash value because the insured did not comply with the policy’s condition on recovering replacement cost.1 Insureds generally counter by arguing it would be inequitable…… Continue Reading […]

  • Insurance Companies Know Their Customers Do Not Read Insurance Policies
    by Chip Merlin on 2019-03-11 at 04:15Insurance companies and insurance agents know that their customers do not read their insurance policies. Proof is found by the Squaremouth Insurance Company offering a prize which could only be found if a policyholder read the insurance policy and won a secret contest. Here is the story: A self-proclaimed ‘nerd’ from Georgia read the often-ignored…… Continue Reading […]

  • Is an Adjuster Independently Liable for Bad Faith Conduct?
    by J. Ryan Fowler on 2019-03-10 at 05:45I often get calls from potential clients that have filed a claim with their insurance and have been enraged by an insurance agent or adjuster assigned on the claim. Many potential clients say something like “I just wanted to get the claim settled but the adjuster was acting in bad faith and just wouldn’t listen.”…… Continue Reading […]

  • United Policyholders Warns Floridians About Bad Proposed Insurance Laws
    by Chip Merlin on 2019-03-09 at 05:15Amy Bach is on the side of angels when it comes to fighting for policyholder rights. She is the Executive Director of United Policyholders which is the nation’s largest not for profit advocacy. She and her staff have spent considerable time in Florida educating the public and Florida lawmakers about insurance and sound public policy…… Continue Reading […]

  • Church vs. Church – Court Uses Dictionary to Define “Decay”
    by Jason Cieri on 2019-03-08 at 05:15Easthampton Congregational Church submitted an insurance claim to Church Mutual Insurance Company when their roof suddenly collapsed. Church Mutual denied coverage for faulty construction after they sent their engineer, Joseph Malo, out to inspect the property. Mr. Malo noted, and the insured agreed, there was “progressive failure of the fasteners used to attach the layers…… […]

  • MENA: Reinsurance losses due to excess capacity
    on 2019-03-12 at 21:42The reinsurance market in the Middle East and North Africa region is suffering from a lack of profitability caused by excess capacity in the global reinsurance market, according to a report in Zawya quoting Mr Farid Chedid, the chairman and group CEO of Chedid Re. […]

  • Egypt: Insurance market sees more new players
    on 2019-03-12 at 21:42Sarwa Capital, a provider of financial solutions, including auto credit, insurance and consumer finance, has received approval from the Financial Regulatory Authority (FRA) for the operation of two insurance companies with an initial capital of EGP100m ($5.75m) each. […]

  • Nominations for African Insurance Awards 2019 to open next Monday
    on 2019-03-12 at 21:42Africa Re has announced that it is organising the African Insurance Awards 2019, with nominations to open on 18 February 2019. […]

Global Risk Insights Political Risk for the 21st century

  • Sudan in state of emergency
    by Hadeeka Taj on 2019-03-11 at 22:38Sudan is facing social unrest over the rule of President Bashir. This will cause socio-economic and political uncertainty over short to medium term. The post Sudan in state of emergency appeared first on Global Risk Insights. […]

  • The final iron curtain for Russia’s internet?
    by Rebecca Emerick on 2019-03-10 at 22:47Russian legislators sparked hot debate this month voting by an overwhelming majority to permit a trial shutdown of Russia’s segment of the internet (runet). The post The final iron curtain for Russia’s internet? appeared first on Global Risk Insights. […]

  • Russia: Michael Calvey’s shock arrest
    by Rebecca Emerick on 2019-03-08 at 20:33Renowned investment mogul, Michael Calvey, is currently held in pretrial detention by Moscow authorities. The post Russia: Michael Calvey’s shock arrest appeared first on Global Risk Insights. […]

  • Formation of the Independent Group in British Politics
    by Daniel Haverty on 2019-03-07 at 13:53The formation of The Independent Group out of a cohort of centrist MPs could signal the eventual demise of the two-party system in the United Kingdom. The post Formation of the Independent Group in British Politics appeared first on Global Risk Insights. […]

  • Economic slowdown and China’s green future
    by Borja Fernandez on 2019-03-07 at 13:31China has adopted a high-profile role as a champion for climate action and renewable energy. Yet, as the country faces new economic constraints, its climate endeavour might be in danger. The post Economic slowdown and China’s green future appeared first on Global Risk Insights. […]

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

  • Storm Insurance Group to Acquire Sheppard Insurance Service and Risk Management Ltd.
    by apreidinsurance on 2019-03-12 at 13:31DARTMOUTH, NS, MAR. 12, 2019/insPRESS/ –  Storm Insurance Holdings Inc. (“Storm Insurance”) announced today its upcoming acquisition of Sheppard Insurance Service and Risk Management Ltd. (“Sheppard Insurance”) effective May 1, 2019. Sheppard Insurance will be the latest brokerage to join the Storm… The post Storm Insurance Group to Acquire […]

  • CIAA Annual Tax Seminar 2019
    by Svitlana Nechyporenko on 2019-03-12 at 12:29          VENUE St. Andrew’s Conference Centre 27th Floor (Hall & Lounge), 150 King Street West, Toronto TICKETS Member Rate -$140* Non-Member Rate – $190* *All tickets are taxable at 13%. Register now for the popular CIAA Annual Tax… The post CIAA Annual Tax Seminar 2019 appeared first on Canadian Underwriter. […]

  • Innovative Strategies for the P&C Industry – 2019 CIAA Advanced Course
    by Svitlana Nechyporenko on 2019-03-12 at 12:292019 CIAA Advanced Course               Don’t miss out on our biennial Advanced Course  Join industry experts, along with guest speakers, in this week-long intensive program May 26-31, 2019. This course attracts professionals from across Canada and typically has a waiting… The post Innovative Strategies for the […]

  • Broker Jump Start Conestoga Chapter, IIO – New
    by Heather Graham on 2019-03-12 at 12:29Give your new brokers a Jump Start into their careers!. This new five day program is designed to help launch the careers of newly licensed brokers with the technical knowledge and professional skills required for them to be successful in… The post Broker Jump Start Conestoga Chapter, IIO – New appeared first on Canadian Underwriter. […]

  • Effective People Management
    by Heather Graham on 2019-03-12 at 12:29Management responsibilities are becoming more complex and managers require a variety of skills to be effective. This three day program has been designed to enable managers to develop new skills and enhance their management capabilities. Effective People Management is a… The post Effective People Management appeared first on Canadian Underwriter. […]

insuranceNEWS.com.au General insurance and financial services news from Australia and around the world


Insurance Roundup, March 11, 2019

General Insurance

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

  • Work Starts on 134 Houston-Area Flood-Control Projects after Harvey
    on 2019-03-11 at 05:00Crews are working on 134 flood control projects as parts of a $2.5 billion bond program approved by Houston-area voters last year in the wake of Hurricane Harvey, officials announced Thursday. Another 103 projects are on the drawing board _ […]

  • National Safety Council Says ‘Visual Literacy’ Can Identify Workplace Hazards
    on 2019-03-11 at 05:00Employers can reduce workplace hazards by teaching workers how to see like artists, according to the National Safety Council. The organization isn’t recommending art classes. It says that research by the Campbell Institute in Itasca, Illinois shows that training workers […]

  • Even Improved Tornado Warnings Can’t Prevent All Death and Destruction
    by Seth Borenstein on 2019-03-08 at 19:05Sometimes in forecasting tornadoes, you can get everything technically right, and yet it all goes horribly wrong. Three days before the killer Alabama tornado struck, government severe-storm meteorologists cautioned that conditions could be ripe for twisters in the Southeast on […]

  • Oregon Lawmakers Mull Overhaul of Dam Safety Rules
    on 2019-03-08 at 18:04Oregon’s dam safety regulations could be getting an overhaul, for the first time in nearly a century. The Statesman Journal reports a bill pending in the Legislature would rewrite the laws governing construction, inspections and enforcement authority for hundreds of […]

  • Pilot’s Opioid Abuse Suspected as Cause of Fatal Nevada Crash
    on 2019-03-08 at 17:37Opioid abuse by the pilot was among the likely causes of a fatal airplane crash in Nevada that killed the pilot and his two passengers, the National Transportation Safety Board has said. The Reno Gazette Journal reported Tuesday that the […]

  • New Hampshire Supreme Court Rules Board Wrong to Deny Workers’ Comp for Medical Pot
    on 2019-03-08 at 16:54The New Hampshire Supreme Court has ruled that a labor appeals board was wrong to determine that workers’ compensation insurance can’t reimburse an employee for the cost of medical marijuana. The court found that under the state’s medical marijuana law, […]

  • Exxon Mobil Settles Violations over 2013 Texas Refinery Fire
    on 2019-03-08 at 16:01The U.S. Justice Department and Exxon Mobil Corp. have reached a settlement resolving Clean Air Act violations stemming from a 2013 fire at the company’s Beaumont, Texas, refinery that killed two employees and injured 10 others, the department said Wednesday. […]

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • Insurance Companies Know Their Customers Do Not Read Insurance Policies
    by Chip Merlin on 2019-03-11 at 04:15Insurance companies and insurance agents know that their customers do not read their insurance policies. Proof is found by the Squaremouth Insurance Company offering a prize which could only be found if a policyholder read the insurance policy and won a secret contest. Here is the story: A self-proclaimed ‘nerd’ from Georgia read the often-ignored…… Continue Reading […]

  • Is an Adjuster Independently Liable for Bad Faith Conduct?
    by J. Ryan Fowler on 2019-03-10 at 05:45I often get calls from potential clients that have filed a claim with their insurance and have been enraged by an insurance agent or adjuster assigned on the claim. Many potential clients say something like “I just wanted to get the claim settled but the adjuster was acting in bad faith and just wouldn’t listen.”…… Continue Reading […]

  • United Policyholders Warns Floridians About Bad Proposed Insurance Laws
    by Chip Merlin on 2019-03-09 at 05:15Amy Bach is on the side of angels when it comes to fighting for policyholder rights. She is the Executive Director of United Policyholders which is the nation’s largest not for profit advocacy. She and her staff have spent considerable time in Florida educating the public and Florida lawmakers about insurance and sound public policy…… Continue Reading […]

  • Church vs. Church – Court Uses Dictionary to Define “Decay”
    by Jason Cieri on 2019-03-08 at 05:15Easthampton Congregational Church submitted an insurance claim to Church Mutual Insurance Company when their roof suddenly collapsed. Church Mutual denied coverage for faulty construction after they sent their engineer, Joseph Malo, out to inspect the property. Mr. Malo noted, and the insured agreed, there was “progressive failure of the fasteners used to attach the layers…… […]

  • Statutory Interest Series: Michigan
    by Beaujeaux de Lapouyade on 2019-03-07 at 05:15Michigan policyholders are entitled to timely payment of property insurance benefits. Many insurers take extraordinary measures to delay, deny, and underpay claims leaving policyholders in vulnerable positions. An insurance company’s statutory responsibility to pay interest on delayed claim payments incentivizes insurers to promptly settle viable property insurance claims. Mich. Comp. Laws […]

  • David Berardinelli Was a Policyholder Advocate
    by Chip Merlin on 2019-03-06 at 20:15From Good Hands to Boxing Gloves is the premier book most people recognize and associate with David Berardinelli. I was working on my own book with Forbes Books and in my research learned that David had passed. Whitney Buchanan is a Las Cruces, New Mexico, attorney whom I have had the pleasure to be co-counsel…… Continue Reading […]

  • South Korea: Kyobo Life denies stake sell-off talk
    on 2019-03-11 at 16:21Kyobo Life Insurance, South Korea’s third largest life insurer has denied rumours that its chairman Shin Chang-jae is considering selling off stakes held by him and financial investors to a Korean banking group. […]

  • India: Insurers directed to make provisions for exposure to IL&FS
    on 2019-03-11 at 16:21The IRDAI has reiterated that insurance companies must make provisions for their exposure to debt-laden Infrastructure Leasing and Financial Services (IL&FS). […]

  • Australia: Travel insurers to undergo regulatory scrutiny
    on 2019-03-11 at 16:21Australia’s corporate regulator plans to examine travel insurance, as the insurance industry braces for heightened scrutiny of how it handles claims, and whether the fine print in contracts is fair to customers. […]

  • Singapore: Sedgwick acquires established independent loss adjuster
    on 2019-03-11 at 16:21Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions, has acquired Insight Adjusters and Surveyors in Singapore in order to strengthen and expand its presence in Asia. […]

  • China: Big data & AI to help combat health insurance fraud
    on 2019-03-11 at 16:21Ping An Medical and Healthcare Management (Ping An HealthKonnect), a Shanghai-based platform affiliated to the Ping An Group, said it aims to help the authorities better fight insurance scams using its advanced big data and AI technologies. […]

  • UAE: United Insurance & Fidelity Assurance form Fidelity United
    on 2019-03-11 at 16:21United Insurance and the Lebanese insurance market leaderFidelity Assurance and Reinsurance have adopted a newfound identity as Fidelity United, forged from a recently formed partnership between the two companies. […]

  • Jordan: AqabaConf 2019 Research Award attracts 35 entries
    on 2019-03-11 at 16:21The Jordan Insurance Federation (JIF) has received 35 research papers from around the region, vying for the AqabaConf 2019 Research Award at the upcoming AqabaConf 2019. […]

  • Egypt: Population is now 98m
    on 2019-03-11 at 16:21The population of Egypt is estimated currently at 98m, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). […]

Global Risk Insights Political Risk for the 21st century

  • The final iron curtain for Russia’s internet?
    by Rebecca Emerick on 2019-03-10 at 22:47Russian legislators sparked hot debate this month voting by an overwhelming majority to permit a trial shutdown of Russia’s segment of the internet (runet). The post The final iron curtain for Russia’s internet? appeared first on Global Risk Insights. […]

  • Russia: Michael Calvey’s shock arrest
    by Rebecca Emerick on 2019-03-08 at 20:33Renowned investment mogul, Michael Calvey, is currently held in pretrial detention by Moscow authorities. The post Russia: Michael Calvey’s shock arrest appeared first on Global Risk Insights. […]

  • Formation of the Independent Group in British Politics
    by Daniel Haverty on 2019-03-07 at 13:53The formation of The Independent Group out of a cohort of centrist MPs could signal the eventual demise of the two-party system in the United Kingdom. The post Formation of the Independent Group in British Politics appeared first on Global Risk Insights. […]

  • Economic slowdown and China’s green future
    by Borja Fernandez on 2019-03-07 at 13:31China has adopted a high-profile role as a champion for climate action and renewable energy. Yet, as the country faces new economic constraints, its climate endeavour might be in danger. The post Economic slowdown and China’s green future appeared first on Global Risk Insights. […]

  • Sino-Russian alignment in reality: The case of Central Asia
    by Paul Wasserman on 2019-03-06 at 19:39This article presents an assessment of what the Sino-Russian relationship mean for Central Asia and the United States, in the short and long term. The post Sino-Russian alignment in reality: The case of Central Asia appeared first on Global Risk Insights. […]

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

  • How to sell commercial coverage to small businesses
    by Jason Contant on 2019-03-09 at 00:20Brokers looking to sell commercial coverage to small businesses need to keep it simple, fast and client-specific, industry professionals told Canadian Underwriter Thursday. Sometimes when buzzwords like artificial intelligence, blockchain and chatbots dominate the conversation, the cart comes before the… The post How to sell commercial coverage to small businesses appeared first on […]

  • All bets are off on timing of interest rate increase
    by Greg Meckbach on 2019-03-09 at 00:06OTTAWA  – A weak data report “surprised” the Bank of Canada ahead of its decision to cast doubts about future interest-rate hikes and to warn Canadians the ongoing slump could prove to be unexpectedly stubborn, says one of the bank’s… The post All bets are off on timing of interest rate increase appeared first on Canadian Underwriter. […]

  • Wildfire catastrophe models need improvement: Reinsurer
    by Greg Meckbach on 2019-03-08 at 20:44The world’s second-largest reinsurer is looking for partners in the artificial intelligence space to help the reinsurer get a better idea of how much insured damage future wildfires could cause. Swiss Re is working with the Massachusetts Institute of technology… The post Wildfire catastrophe models need improvement: Reinsurer appeared first on Canadian Underwriter. […]

  • Steps to scale innovation at your company
    by Jason Contant on 2019-03-08 at 20:30Scaling innovation across a business can be a challenge, as most organizations start innovation in a “pocket, team or lab,” a speaker said late last month at the Insurance-Canada.ca Technology Conference. Simon Chan, head of corporate innovation thought leadership at… The post Steps to scale innovation at your company appeared first on Canadian Underwriter. […]

  • Brokerlink acquires family-owned brokerage in Alberta
    by David Gambrill on 2019-03-08 at 19:45BrokerLink has welcomed into its tent a 40-year-old family brokerage located in the Peace River area of northern Alberta. Nicolet Insurance Ltd., a full-service operation offering auto, home, business and travel insurance, has joined Brokerlink, one of Canada’s largest property… The post Brokerlink acquires family-owned brokerage in Alberta appeared first on Canadian Underwriter. […]

insuranceNEWS.com.au General insurance and financial services news from Australia and around the world


Insurance Roundup, March 8, 2019

General Insurance

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

  • Exxon Mobil, U.S. Reach Settlement Over 2013 Texas Refinery Fire
    on 2019-03-08 at 06:26The U.S. Justice Department and Exxon Mobil Corp. have reached a settlement resolving Clean Air Act violations stemming from a 2013 fire at the company’s Beaumont, Texas, refinery that killed two employees and injured 10 others, the department said on […]

  • 120K Gallons of Whiskey Spilled, 2 Injured at Kentucky Distillery
    on 2019-03-08 at 06:23Roughly 120,000 gallons (454,000 liters) of would-be bourbon have spilled at a Kentucky distillery. News outlets report two people were injured in the fermented mash spill Tuesday at the Barton 1792 Distillery in Bardstown, where a storage collapse last year […]

  • Football Field-Sized Sinkhole Discovered at Kentucky Zoo
    on 2019-03-08 at 06:16A Kentucky zoo has closed while engineers study a newly discovered sinkhole nearly as large as a football field. Louisville Zoo spokeswoman Kyle Shepherd told news outlets the sinkhole was found Wednesday in an undeveloped area away from any zoo […]

  • Georgia House Passes Bill Expanding Access to Medical Marijuana
    by Sanya Mansoor on 2019-03-08 at 06:11The production and sale of low-potency medical marijuana oil could soon be allowed in Georgia under a bill passed Tuesday by the House. Lawmakers voted 123-40 to clear the measure, two days ahead of a legislative deadline that generally requires […]

  • Beyond Nassar: Michigan State University Assessing Insurance Options
    by Stephanie K. Jones on 2019-03-08 at 06:00Michigan State University continues to explore its insurance coverage options with regard to sexual assault or molestation claims brought against the school after rejecting renewal coverage offered by its long-term liability insurer and setting up its own captive insurer for […]

  • Mayer Brown Adds Baysinger, Duchene in California
    on 2019-03-08 at 06:00Mayer Brown announced that a team led by partner Kara Baysinger has joined the firm, adding to its global insurance capabilities and growing corporate and securities practice. As a partner based in Mayer Brown’s San Francisco, Calif. office, Baysinger will […]

  • Trump Administration Unveils Higher Threshold to Expand Overtime Pay
    by Daniel Wiessner on 2019-03-08 at 06:00The U.S. Department of Labor issued a long-awaited proposal on Thursday to extend mandatory overtime pay to a million more workers, far fewer than an Obama administration rule that was struck down by a federal judge. Currently, salaried workers are […]

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

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • Church vs. Church – Court Uses Dictionary to Define “Decay”
    by Jason Cieri on 2019-03-08 at 05:15Easthampton Congregational Church submitted an insurance claim to Church Mutual Insurance Company when their roof suddenly collapsed. Church Mutual denied coverage for faulty construction after they sent their engineer, Joseph Malo, out to inspect the property. Mr. Malo noted, and the insured agreed, there was “progressive failure of the fasteners used to attach the layers…… […]

  • Statutory Interest Series: Michigan
    by Beaujeaux de Lapouyade on 2019-03-07 at 05:15Michigan policyholders are entitled to timely payment of property insurance benefits. Many insurers take extraordinary measures to delay, deny, and underpay claims leaving policyholders in vulnerable positions. An insurance company’s statutory responsibility to pay interest on delayed claim payments incentivizes insurers to promptly settle viable property insurance claims. Mich. Comp. Laws […]

  • David Berardinelli Was a Policyholder Advocate
    by Chip Merlin on 2019-03-06 at 20:15From Good Hands to Boxing Gloves is the premier book most people recognize and associate with David Berardinelli. I was working on my own book with Forbes Books and in my research learned that David had passed. Whitney Buchanan is a Las Cruces, New Mexico, attorney whom I have had the pleasure to be co-counsel…… Continue Reading […]

  • How to Stop Delay, Deny, Defend
    by Chip Merlin on 2019-03-05 at 05:15Rutgers insurance law professor Jay Feinman wrote a book, Delay Deny Defend: Why Insurance Companies Don’t Pay Claims and What You Can Do About It, which exposed many insurance company unfair claims practices. In the last chapter of the book, he discussed how we can stop insurance claim wrongful delays and denials. The problem of…… Continue Reading […]

  • Insurance Journal Comments on Merlin Law Group Blog
    by Chip Merlin on 2019-03-04 at 05:15The Insurance Journal published an article last week, Sometimes I Disagree with the Blogs I Love. The article had a lengthy discussion of this blog. I really like how it started: Property Insurance Coverage Law – Chip Merlin and team do a great job helping me to understand what’s going on in property insurance law…… Continue Reading […]

  • Replacement Cost Coverage and the 180-Day Notice Requirement
    by Edward Eshoo on 2019-03-03 at 05:15In my experience, one of the most misinterpreted property insurance policy provisions is the 180-day notice requirement to receive replacement cost benefits. Many in the property insurance industry interpret the provision to require actual repair/replacement within 180 days of the loss. Others interpret the provision to simply require notice within 180 days of the loss…… Continue Reading […]

  • MENA: Region’s insurance mart to outpace mature markets in growth
    on 2019-03-08 at 16:28Growth in the insurance market of the Middle East and North Africa (MENA) remains higher in comparison with most mature markets, with the region remaining attractive to investors, says AM Best in a Special Report, titled, “Middle East and North Africa Insurance Ratings: Benchmarking”. […]

  • Jordan: Insurers sue doctors for setting up health admin scheme
    on 2019-03-08 at 16:28The Jordan Insurance Federation (JOIF) has joined hands with several other associations in filing a law suit to challenge a regulation issued by the Jordanian Medical Association (JMA). […]

  • UAE: Insurers continue bid to resolve VAT issue
    on 2019-03-08 at 16:28The Emirates Insurance Association (EIA) has filed a memorandum with the Federal Tax Authority’s appeals committee to clarify the legal interpretation of the mechanism for the application and payment of value added tax paid on insurance policies sold in 2017 but whose term lasts into 2018. […]

Global Risk Insights Political Risk for the 21st century

  • Formation of the Independent Group in British Politics
    by Daniel Haverty on 2019-03-07 at 13:53The formation of The Independent Group out of a cohort of centrist MPs could signal the eventual demise of the two-party system in the United Kingdom. The post Formation of the Independent Group in British Politics appeared first on Global Risk Insights. […]

  • Economic slowdown and China’s green future
    by Borja Fernandez on 2019-03-07 at 13:31China has adopted a high-profile role as a champion for climate action and renewable energy. Yet, as the country faces new economic constraints, its climate endeavour might be in danger. The post Economic slowdown and China’s green future appeared first on Global Risk Insights. […]

  • Sino-Russian alignment in reality: The case of Central Asia
    by Paul Wasserman on 2019-03-06 at 19:39This article presents an assessment of what the Sino-Russian relationship mean for Central Asia and the United States, in the short and long term. The post Sino-Russian alignment in reality: The case of Central Asia appeared first on Global Risk Insights. […]

  • A change in the East Asian balance of power? The implications of the Trump-Kim Summit
    by Alin Barbantan on 2019-03-06 at 19:13Ever since the end of the Korean War in 1953, the United States and South Korea have formed a liberal democratic alliance, in opposition to the communist North Korea. Although the two allies have encountered ups and downs throughout the decades, recent developments gave hope that a fundamental change to the nature of America’s engagements in the Korean peninsula might occur. However, […]

  • America and Europe: Growing differences over Iran
    by Ezra Friedman on 2019-03-05 at 22:44The United States’ and Poland’s co-hosted conference in Europe is a controversial event. It has united some American allies around President Donald Trump’s aggressive anti-Iran posturing while alienating some others. The post America and Europe: Growing differences over Iran appeared first on Global Risk Insights. […]

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

  • Burns & Wilcox Canada acquires specialty MGA
    by Jason Contant on 2019-03-07 at 22:54H.W. Kaufman Group and Burns & Wilcox Canada announced Thursday they have acquired Toronto-based TRU Transportation Risk Underwriters Ltd., a managing general agency with unique transportation expertise. TRU will become part of B&W Canada, a flagship organization of Kaufman and… The post Burns & Wilcox Canada acquires specialty MGA appeared first on Canadian Underwriter. […]

  • Wawanesa’s plan to innovate at scale
    by Jason Contant on 2019-03-07 at 22:42Having a flexible and accommodating schedule is key to incorporating innovation into an organization, the director of Wawanesa Mutual Insurance Company’s Innovation Outpost said recently. Last June, Wawanesa opened its Innovation Outpost lab in Kitchener, Ont. One of the first… The post Wawanesa’s plan to innovate at scale appeared first on Canadian Underwriter. […]

  • How Aviva Canada’s profitability fared in 2018
    by David Gambrill on 2019-03-07 at 21:45Aviva Canada’s road to profitability took an upward turn during the second half of last year, even though its overall results in 2018 looked to be very flat. Weather-related storms, poor profitability in the auto product industry-wide, and the 2016… The post How Aviva Canada’s profitability fared in 2018 appeared first on Canadian Underwriter. […]

  • How this paperwork accident gave condo dweller stamp collection coverage
    by Greg Meckbach on 2019-03-07 at 21:00For insurance professionals who put together renewal packages, some mistakes are worse than others. A case in point is sending a “quality package” that refers to a different kind of policy, rather than the policy you are renewing for the… The post How this paperwork accident gave condo dweller stamp collection coverage appeared first on Canadian Underwriter. […]

  • Canadian Broker Network Expands its Membership
    by Trufla Technology on 2019-03-07 at 20:51Toronto – March 7, 2019 – Canadian Broker Network (“CBN”), Canada’s leading network of independent insurance brokers is pleased to announce that Group Deslauriers from Quebec City, Quebec has joined CBN. “We are very excited to have Group Deslauriers join… The post Canadian Broker Network Expands its Membership appeared first on Canadian Underwriter. […]

insuranceNEWS.com.au General insurance and financial services news from Australia and around the world