State Insurance Headlines

Increased attorney fees backed by Supreme Court
(Florida Politics © 10/20/2017)
In a case stemming from a claim for water damage, a divided Florida Supreme Court on Thursday ruled that an attorney was entitled to receive stepped-up fees for representing homeowners against an insurance company.The c ourts majority overturned a decision by the 5th District Court of Appeal that would have prevented attorney Tracy Markham from receiving what is known as a contingency fee multipli...

 

Too soon to know? Regulators weigh worker's comp rates
(Florida Politics © 10/19/2017)
Regulators pressed representativ es of a workers? compensation insurance rating service Wednesday about whether two Florida Supreme Court rulings had in fact increased the cost of administering claims, as many had feared.The answer: Still too soon to say....

 

5 dated insurance business tools, technologies
(Property Casualty 360 © 10/19/2017)
If there's one thing that incumbent insurers and InsurTech startups seem to agree on, it's the fact that these two segments of the same financial-industry pie operate under the auspices of completely different business cultures....

 

What words insurance clients do and don't want to hear
(Property Casualty 3 60 © 10/19/2017)
Unlocking the feelings of prospects to tailor the perfect pitch is a goal of salespeople, brokers and advisors the world over.While perfection may not be attained, a recent research project by Chubb may help keep your pitch from flying off course....

 

Costly hurricanes raise questions about the future of f ederal flood insurance
(Los Angeles Times © 10/18/2017)
An unprecedented wave of destructive hurricanes has brought the long-struggling federal flood insurance program to the brink.Now Congress faces tough questions about whether to again bail out the nearly 50-year-old program and how to implement reforms to make it more sustainable, secure and cost-effective....

 

CallVU study: Today's consumers prefer digital customer service
(Property Casualty 360 © 10/18/2017)
The customer service field experienced rapid changes in 2017, and a new CallVU report says this trend is prompting conflicting responses from consumers.The study titled \"Customer Service Trends and Their Effect on Fintech Businesses\" analyzes the results of a cross-generational survey of contemporary customer preferences and behaviors regarding business support services, both traditional and t ho...
 

Subrogation and the Act of God defense
(Property Casualty 360 © 10/17/2017)
Perhaps no legal cause of action is more frequently applied or universal than one sounding in negligence.We bring it when another driver damages our vehicles, when our buildings are damaged from faulty construction, and when a medical procedure leaves a patient worse off than before....
 

National Teen Driver Safety Week: What to know and what you can do
(Property Casualty 360 © 10/16/2017)
Drivers everywhere know that the longer you drive the more comfortable you are behind the wheel.Unfortunately, this doesn't tran slate to risk-free driving. Accidents on the road can happen regardless of experience or whether you have a smart car or not, among other variables....
 

Targeted prospecting: why you should be doing it (and why you probably aren't)
(Property Casualty 360 © 10/16/2017)
Let's start with some deductive rea soning:? As a producer, writing new business is your primary goal.? Writing new business means you must get in front of qualified candidates.? You can't get in front of qualified candidates if you don't spend time prospecting....
 

House passes disaster relief bill including NFIP debt forgiveness
(Business Ins urance © 10/14/2017)
The U.S. House of Representatives on Thursday passed a $36.5 billion disaster relief bill that would forgive $16 billion in debt owed by the National Flood Insurance Program on a 353-69 vote....
 

No, It's Still Not 'Time' for a National Cat Fund. It Never Will Be.
(Insurance Journa l © 10/14/2017)
Every few years, after a major hurricane strike or other disaster, there are renewed calls for Congress to establish a national catastrophe fund to provide a safety net for property insurers and cheaper coverage for homeowners. A recent Tampa Bay Times editorial on the topic is thus just the latest in a long series....
 

 

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