November 20
The ABCs of NFTs
With the advent of blockchain technology, collecting, in the form of non-fungible tokens (or NFTs), has taken on a whole new look. NFTs can be confusing, and as with many transactions, there are risks. First and foremost, NFTs are intangible or nonfungible items, and are not insurable under standard personal or commercial insurance policies, as with NFTs there would be no direct physical loss to tangible property. This represents a challenge to insurers as they attempt to address the insurance exposures and potential losses related to the growing universe of NFTs.
Of Fevers and Thermometers: The Coming Florida Insurance Market Gets the Shivers
Ian hit Cape Cayo at 155 m.p.h. Wallop. Too late to start thinking. Too late for “feel good” plans. In a flash, first responders and insurers were hit with tidal waves that have yet to subside. But in Ian’s wake, there has been time to reflect for real on the insurance industry’s performance, its readiness […]
American Council of Life Insurers (Acli) Appoints 2023 Chair and Board of Directors
The American Council of Life Insurers (ACLI) has elected its new Chair, officers and Board of Directors at the 2022 ACLI Annual Conference. ACLI member companies help 90 million American families address their financial protection and retirement security needs. The Chair and Board of Directors lead the association and develop and advance federal and state […]
World Insurance Associates Acquires Michael F. Iacangelo & Company Inc.
World Insurance Associates LLC (“WIA”), a Top 50 Insurance Brokerage, announced that it has acquired Michael F. Iacangelo & Company Inc. (“Iacangelo”) of Belleville, NJ. Terms of the transaction were not disclosed. Iacangelo was founded in 1957. They provide their customers with personal lines coverage including homeowners, auto, motorcycle and renters’ insurance, to name a few. “We […]
Electric Vehicle and E-Bike Fires Ignite Concerns
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor Each year, vehicle fires cause over a billion dollars in damage in the United States (autoinsuranceez.com). Statistaa.com reports there are 174,000 highway vehicle fires each year. Hurricane Ian brought electric vehicle (EV) fires to the headlines. Despite the publicity, EV fires are […]
One Insurer Views Ian Aftermath
Centauri’s Preparedness in Claims Management and Client Service Proved Essential for its Insureds Following Hurricane Ian Devastation By the time Hurricane Ian was rated at Category 4 in its attack trajectory toward Florida’s west coast, one insurer had already reflected upon its protocols and its readiness during the expected onslaught, proving that preparedness and financial […]
