An insurer’s war and financial services exclusions relieve it of having to provide coverage for an insured being sued for allegedly aiding international terrorists responsible for the crash of Malaysia Airlines Flight 17 in eastern Ukraine in 2014. The U.S. …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/Ukraine-Malaysian-Airlines-AP-Photo-580x386-1.jpg386580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-30 12:41:512022-09-30 14:59:52Insurer Off the Hook in Defending Western Union Against Terrorist Financing Suit
The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem that’s lingered since the early days of the pandemic: snarled supply chains. Ian tore a path of destruction across Florida, …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/Hurricane-Ian-Florida-trailer-park-Bloomberg-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-30 12:17:062022-09-30 14:59:53Ian Aftermath Even Harder to Fix With Supply Chain Tattered
Wind and storm-surge losses from Hurricane Ian could reach as $47 billion in Florida alone, a figure made larger by inflation and rising interest rates, the property analytics firm CoreLogic said in a new analysis. “This is the costliest Florida …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/Hurricane-Ian-NASA-580x326-1.jpg326580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-30 07:59:072022-09-30 14:59:53Hurricane Ian Losses Up to $47B in Florida, Sinking More Insurers, CoreLogic Calculates
Investors who backstop Florida’s insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian, threatening to crimp a key source of capital for the sector and push up insurance costs for residents. Ian’s landfall hammered Florida …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/massive-destruction-in-tampa-after-hurricane-ian-getty-580x374-1.jpg374580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-30 06:00:482022-09-30 14:59:54Hurricane Ian Threatens Heavy Losses for Catastrophe Bond Holders
Sprawling allegations of abuse against cheerleaders reached Tennessee on Monday in a case that escalates the accusations facing some of the sport’s top institutions. An adult coach sexually assaulted teenage boys at Premier Athletics, according to allegations in a federal …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/cheerleaders-Bigstock-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-30 02:24:222022-09-30 14:59:55Sex Abuse Allegations Spread Against Cheerleading Industry
Our editorial team caught up with attendees at the 2022 InsurTech Connect conference in Las Vegas. Industry experts took the time to discuss what this year’s theme, The Future of Insurance, means to them. They also offered up some advice …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-29 17:12:122022-09-30 14:59:55Industry Experts Talk Future of Insurance at 2022 ITC Conference
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-29 15:01:092022-09-29 15:01:093 ways to get ready for 2023 Open Enrollment
Charles Symington has been appointed to the role of executive vice president at the Independent Insurance Agents & Brokers of America (the Big I), effective Oct. 1. Symington joined the Big I in 2004 on the government affairs staff. Since …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-29 11:39:332022-09-29 15:01:02Big I’s Symington Promoted to EVP Before Taking Over as CEO Next Year
Hurricane Ian continued to churn through central Florida Thursday morning, leaving widespread flooding and wind damage in its wake. It was too early to know the extent of property insurance claims from the storm, although a few analysts and officials …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/Ian-damage-580x401-1.jpg401580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-29 09:49:182022-09-29 15:01:03Citizens’ Early Estimate of $3.8B in Ian Losses; Florida OIR Suspends Use and File
Ian was downgraded to a tropical storm as it continued to move northeastward across central Florida, with a massive and deadly surge of water and catastrophic winds that are poised to make it one of the costliest storms in US …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/Hurricane-Ian-Bloomberg-580x381-1.jpg381580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-29 07:28:472022-09-29 15:01:03Storm Ian Weakens as Millions Left Without Power
The global insurance industry should be prepared for insured losses from natural catastrophes well in excess of $100 billion every year, according to the 2022 Global Modeled Catastrophe Losses Report from Verisk Extreme Event Solutions. In fact, the latest analysis, …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/bigstock-speeding-toward-global-catastrophes-5101153-580x580-1.jpg580580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-29 04:15:282022-09-29 15:01:05Insurers Should Be Ready for Global Average Disaster Losses of $123 Billion: Verisk
Hewlett Packard Enterprise Co. agreed to pay $8.5 million to resolve a lawsuit that alleged it pays female employees less than their male counterparts. The settlement funds, minus attorney fees and expenses, will go to 1,735 women who worked in …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/HP-Bloomberg-580x385-1.jpg385580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-29 01:27:502022-09-29 15:01:05HP Enterprise to Pay $8.5 Million to Settle Gender Pay Gap Suit
Bonds sold to help US utilities recoup losses from natural disasters are seeing an unprecedented boom, with the latest burst of issuance generated by the deadly February 2021 storm that paralyzed Texas as it struck a large swath of the …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/utility-pole-down-Bloomberg-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-29 01:15:512022-09-29 15:01:06Intensifying Storms Are Fueling a Record $17 Billion Bond Barrage
With maximum sustained winds of 155mph as of midday Sept. 28, Hurricane Ian was just shy of Category 5 status and was expected to make landfall on the Gulf coast of Florida between Sarasota and Naples. The National Hurricane Center …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/Hurricane-Ian-NASA-580x326-1.jpg326580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-28 12:08:162022-09-28 15:00:58Strong Category 4 Hurricane Ian Poised to Become One of the Costliest
U.S. business and media publication Fast Company said it shut down its website on Tuesday evening after the site was hacked and sent “obscene and racist” notifications to Apple users via the iPhone maker’s Apple News service. News publishers using …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/hacker-breaks-into-network-451239339-bigstock-580x314-1.jpg314580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-28 11:54:352022-09-28 15:00:59Fast Company Shuts Website After Hack Sends ‘Obscene’ Apple News Notifications
An estimated 349,000 homes and businesses were still without power in Puerto Rico on Wednesday after Hurricane Fiona hit on Sept. 18, causing an island-wide power outage for its 3.3 million people. After hitting Puerto Rico and the Dominican Republic, …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/electrical-power-grid-in-silhouette-8081918-bigstock-580x388-1.jpg388580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-28 08:59:552022-09-28 15:01:00Some 349,000 Still Without Power in Puerto Rico After Fiona
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-28 08:07:002022-09-28 15:00:54Farmers Insurance® Ready to Assist Customers Impacted by Hurricane Ian
The majority of Americans (76%) say they would feel less safe driving or riding in cars with self-driving features. Similarly, 73% of people would feel less safe knowing others on the road are traveling in cars with self-driving features, according …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/oklahoma-lawmakers-send-autonomous-vehicle-580x418-1.jpg418580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-28 07:15:442022-09-28 15:01:01Many Americans Apprehensive About Self-Driving Cars: Study
U.S. regulators on Tuesday fined 16 financial firms, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, a combined $1.8 billion after staff discussed deals and trades on their personal devices and apps. The sweeping …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/SEC-flag-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-28 01:57:202022-09-28 15:01:0216 Wall Street Firms Fined $1.8B for Talking Deals, Trades on Personal Apps
Gun violence that causes tens of thousands of US deaths each year — far more than any other developed nation — is having a significant, negative impact on the country’s economy, Harvard Medical School researchers said. Harvard Medical School researchers …
https://www.maddoxinsured.com/wp-content/uploads/2022/09/gun-violence-scene-Bloomberg-580x405-1.jpg405580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2022-09-28 01:41:502022-09-28 15:01:03Gun Violence Costs the U.S. $557 Billion a Year
Insurer Off the Hook in Defending Western Union Against Terrorist Financing Suit
An insurer’s war and financial services exclusions relieve it of having to provide coverage for an insured being sued for allegedly aiding international terrorists responsible for the crash of Malaysia Airlines Flight 17 in eastern Ukraine in 2014. The U.S. …
Ian Aftermath Even Harder to Fix With Supply Chain Tattered
The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem that’s lingered since the early days of the pandemic: snarled supply chains. Ian tore a path of destruction across Florida, …
Hurricane Ian Losses Up to $47B in Florida, Sinking More Insurers, CoreLogic Calculates
Wind and storm-surge losses from Hurricane Ian could reach as $47 billion in Florida alone, a figure made larger by inflation and rising interest rates, the property analytics firm CoreLogic said in a new analysis. “This is the costliest Florida …
Hurricane Ian Threatens Heavy Losses for Catastrophe Bond Holders
Investors who backstop Florida’s insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian, threatening to crimp a key source of capital for the sector and push up insurance costs for residents. Ian’s landfall hammered Florida …
Sex Abuse Allegations Spread Against Cheerleading Industry
Sprawling allegations of abuse against cheerleaders reached Tennessee on Monday in a case that escalates the accusations facing some of the sport’s top institutions. An adult coach sexually assaulted teenage boys at Premier Athletics, according to allegations in a federal …
Industry Experts Talk Future of Insurance at 2022 ITC Conference
Our editorial team caught up with attendees at the 2022 InsurTech Connect conference in Las Vegas. Industry experts took the time to discuss what this year’s theme, The Future of Insurance, means to them. They also offered up some advice …
3 ways to get ready for 2023 Open Enrollment
Open Enrollment for 2023 coverage starts November 1! Find out what you can do today to make applying easier.
Here’s what you can do to prepare:
Get more tips to help you get ready to apply for 2023 health plans.
Big I’s Symington Promoted to EVP Before Taking Over as CEO Next Year
Charles Symington has been appointed to the role of executive vice president at the Independent Insurance Agents & Brokers of America (the Big I), effective Oct. 1. Symington joined the Big I in 2004 on the government affairs staff. Since …
Citizens’ Early Estimate of $3.8B in Ian Losses; Florida OIR Suspends Use and File
Hurricane Ian continued to churn through central Florida Thursday morning, leaving widespread flooding and wind damage in its wake. It was too early to know the extent of property insurance claims from the storm, although a few analysts and officials …
Storm Ian Weakens as Millions Left Without Power
Ian was downgraded to a tropical storm as it continued to move northeastward across central Florida, with a massive and deadly surge of water and catastrophic winds that are poised to make it one of the costliest storms in US …
Insurers Should Be Ready for Global Average Disaster Losses of $123 Billion: Verisk
The global insurance industry should be prepared for insured losses from natural catastrophes well in excess of $100 billion every year, according to the 2022 Global Modeled Catastrophe Losses Report from Verisk Extreme Event Solutions. In fact, the latest analysis, …
HP Enterprise to Pay $8.5 Million to Settle Gender Pay Gap Suit
Hewlett Packard Enterprise Co. agreed to pay $8.5 million to resolve a lawsuit that alleged it pays female employees less than their male counterparts. The settlement funds, minus attorney fees and expenses, will go to 1,735 women who worked in …
Intensifying Storms Are Fueling a Record $17 Billion Bond Barrage
Bonds sold to help US utilities recoup losses from natural disasters are seeing an unprecedented boom, with the latest burst of issuance generated by the deadly February 2021 storm that paralyzed Texas as it struck a large swath of the …
Strong Category 4 Hurricane Ian Poised to Become One of the Costliest
With maximum sustained winds of 155mph as of midday Sept. 28, Hurricane Ian was just shy of Category 5 status and was expected to make landfall on the Gulf coast of Florida between Sarasota and Naples. The National Hurricane Center …
Fast Company Shuts Website After Hack Sends ‘Obscene’ Apple News Notifications
U.S. business and media publication Fast Company said it shut down its website on Tuesday evening after the site was hacked and sent “obscene and racist” notifications to Apple users via the iPhone maker’s Apple News service. News publishers using …
Some 349,000 Still Without Power in Puerto Rico After Fiona
An estimated 349,000 homes and businesses were still without power in Puerto Rico on Wednesday after Hurricane Fiona hit on Sept. 18, causing an island-wide power outage for its 3.3 million people. After hitting Puerto Rico and the Dominican Republic, …
Farmers Insurance® Ready to Assist Customers Impacted by Hurricane Ian
Many Americans Apprehensive About Self-Driving Cars: Study
The majority of Americans (76%) say they would feel less safe driving or riding in cars with self-driving features. Similarly, 73% of people would feel less safe knowing others on the road are traveling in cars with self-driving features, according …
16 Wall Street Firms Fined $1.8B for Talking Deals, Trades on Personal Apps
U.S. regulators on Tuesday fined 16 financial firms, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, a combined $1.8 billion after staff discussed deals and trades on their personal devices and apps. The sweeping …
Gun Violence Costs the U.S. $557 Billion a Year
Gun violence that causes tens of thousands of US deaths each year — far more than any other developed nation — is having a significant, negative impact on the country’s economy, Harvard Medical School researchers said. Harvard Medical School researchers …