Insurers Should Avoid Suing Each Oth The United StatesCourt of Appeals for the Ninth Circuit certified to the California Supreme Court, the following question for our review: “Under California’s Motor Carriers of Property Permit Act (Veh. Code, § 34600 et seq.; the Act), does a commercial automobile insurance policy continue in full force and effect […]
Ninth Circuit Is Exhausted by Covid Insurance Claims Suit Khatchik Hairabedian d/b/a Kris Mobil (“Khatchik”) appealed from the district court’s order granting Defendant Security National Insurance Company’s (“Security”) motion to dismiss this action for insurance coverage in Khatchik Hairabedian, Dba Kris Mobil v. Security National Insurance Company, a Texas Corporation, No. 22-55355, United States Court […]
Negligent Broker Saved by Exclusion Boulevard RE Holdings, LLC, (Boulevard) sued Mixon Insurance Agency, Inc., (Mixon), alleging breach of contract and negligent procurement of insurance only to find that if the policy had been issued protecting Boulevard there would be no coverage because of a clear and unambiguous exclusion requiring operative fire sprinkler systems. In […]
At the 39th Annual S&P Global Ratings Insurance Conference, the message from panelists was clear: the insurance industry remains well capitalized to withstand potential adverse market or economic developments.
Congratuations to Verisk. Insurers now have a new weapon in the battle against claims fraud: image forensics. Verisk, the familiar global data analytics and technology provider, is expanding its anti-fraud claims solution with artificial intelligence that will enable insurers to identify potential fraud in claims photos with lightning speed and laser precision. Drawing on millions […]
Americans widely agreed that cigarettes are unsafe (84%) and addictive (87%), and yet a fifth (21%) report smoking every day! The vast majority of people believe alcohol, opioids, and vapes are addictive, and about two-thirds said alcohol and opioids are unsafe in a recent survey , while more than three- fourths said vaping is unsafe. […]
Financial and insurance literacy program is key to attracting young talent to the insurance industry. InvestSM, the insurance industry’s premier insurance education program, has awarded $30,000 in scholarships to five students pursuing insurance- related degrees. A nonprofit organization, Invest works in high school and college classrooms across the U.S. to educate, train and attract the […]
Experienced insurance leader assumed the leadership role effective June 26. The Board of Directors of American Association of Insurance Services (AAIS) has announced the selection of Werner E. Kruck as President and Chief Executive Officer, effective June 26, 2023. Mr. Kruck has spent his entire career in leading roles within the insurance industry and has […]
HomeZada, the cloud-based platform that integrates all home renovation, maintenance, finances, inventory and management functions into a single platform accessible from any personal device, has added an AI chat assistant with specific benefits for Insurance carriers, brokerages, agencies and related companies. The new “Zada” AI Assistant adds a crucial AI overlay to the HomeZada all-in-one […]
A Beacon International Group, Ltd. Member
