We are pleased to announce our official Executive Partnership with the Black Insurance Industry Collective™ (BIIC®). This partnership highlights our unwavering commitment to fostering diversity and inclusion within the insurance industry. Learn more - https://bit.ly/3xBtH4e #BBThePowerOfWE #BIIC #InsuranceIndustry
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#InsuranceCareersMonth shares February along with #BlackHistoryMonth. Explore the impactful work of the Canadian Association of Black Insurance Professionals (CABIP) as they advocate, educate and bridge the gap for Black professionals within the insurance industry in Canada. Learn more about their contributions to the industry here: https://cabip.ca/ #ICM2024 #CABIP #InsuranceDiversity
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For the last installment of Insurance Business America’s ‘Big Question’ series, President Matthew Power discusses the ways in which our industry can improve DE&I. Diversity and inclusion are core to our values - we are committed to leading by example in our industry, internally and externally, and are mindful that everyday actions matter. Watch the full interview at the link: https://bit.ly/492hUKp.
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🐸 An interesting listen to the #FCA's take on eating the frog when it comes to #ConsumerDuty. For those not on the FCA webinar, we heard from Sheldon Mills (FCA) who 12 months ago urged UK Financial Services to 'eat the frog' in relation to #ConsumerDuty — i.e. to tackle the task they were most reluctant to face. In the FCA's one-year in webinar Sheldon highlighted several significant achievements indicating that the frog has indeed been swallowed: → An extra £4bn in interest payments per year now making their way into savers’ pockets (during a period of +0.25% base rate rise). → Expected £70m in savings to be achieved for customers of GAP insurance products. → Improved outreach and capabilities for vulnerable customers. → A significant reduction in double-dipping practices, (ie. making a profit on interest retention as well as charging customers for custody of cash). However, there’s still a mountain to climb: → 4.5 million Britons have investable assets over £10k, yet currently hold them in cash (really?!) → 38% of consumers are not saving enough to support a minimum lifestyle in retirement, according to Scottish Widows research. → Abby Thomas, Chief Executive of the Financial Ombudsman Service, highlighted the 200,000 complaints handled by the FOS last year. Nevertheless, at Manyone, we believe today—the first day that Consumer Duty is fully in effect—marks a significant win for both customers and businesses, as it represents a victory for Fair Play. This time, it's not in sport but in the area that actually keeps us up at night – our money. Therese Chambers, Joint Executive Director of Enforcement and Market Oversight, summed it up best: 'Happy customers, happy days, right?'
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Attorney @ Perkins Coie LLP | Insurance Recovery Litigator and Coverage Counselor to Business, Non-Profit, and Individual Policyholders
Proud of the 194 Perkins Coie LLP colleagues (across 84 nationwide practice areas) who received rankings from Chambers & Partners, publishers of "Chambers USA: America’s Leading Lawyers for Business." Our growing Insurance Recovery practice was recognized nationwide, as well as in D.C. and (new) Washington State locality rankings. As we continue to grow our Chicago footprint, I have no doubt that a Chicago Insurance Recovery ranking (even in this very competitive market) will come soon. For more information on this year's Chambers rankings, see the link in the comments. #insurance #riskmanagement #chambers #bestlawyers
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Attorney | Fund Manager | Investor | CEPA | Business Law | Estate Planning | Patent, Trademark, and Copyright Law
💞As a loving parent, you want to protect your assets for future generations, creating security for those you love most. In a recent video, Vanilla Ice emphasizes that trusts aren't just for the wealthy—they're essential for safeguarding any family's legacy. And he’s right! 🙌 If you want to learn more about protecting your assets, even if you aren’t a famous rapper, we can help! 📞 Let’s discuss! Book a call today. 📌 Ready to get started? Click the link now for a free consultation!https://lnkd.in/gKqs86Ex #VanillaIce #CelebrityEstates #IRS #Probate #inheritance #Estatetax #TrustFundManagement #WealthPreservation #trust #livingwill #insurance #beneficiaries #jarvislegacy #beneficiaries #insurance #estateplan #personalfamilylawyer #assetprotection #tax #estateplanning #livingtrust #will #endoflifecare #protectyourfamily #azfamily #utahfamily #legacycontact #lifetimeassetprotectiontrust #familyfirst #lifelegacyplanning
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Join Tracy Alan Saxe and Gunter Fernandez for an informative New York State Bar Association (NYSBA) CLE webinar on September 9. The webinar, “Who Comes in Second? Vertical and Horizontal Policy Limit Exhaustion” will address the priority of coverage when multiple policies are involved and whether vertical or horizontal policy limit exhaustion applies. Learn how different jurisdictions respond, and don't miss this opportunity to enhance your knowledge! Click below for more information. https://lnkd.in/eVcaQCyZ #SDVLaw #NYSBA #Webinar #CLE #VerticalHorizontal #Exhaustion #PolicyLimit #Policyholders #Insurance
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🤝 "The industry moves on relationships." Listen as Chris Hampshire CPCU, CIC, ARM and Omari Aarons-Martin, MDiv discuss the significance of networking and professional development in the risk and insurance community on #INTheKnow. And, discover how NAAIA - National African American Insurance Association is spotlighting the importance of inclusion within the insurance sector. Tune in: https://bit.ly/3UR3mbx
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Exciting news! Governor Phil Scott has just signed legislation into law, enhancing several sections of Vermont's captive insurance statute. Yearly, VCIA collaborates with the Vermont Department of Financial Regulation to propose updates, ensuring our state remains a leader in quality regulation for captive insurance. This year’s bill, H.659 brings clarity and efficiency to regulatory practices, addressing industry feedback and streamlining processes. To learn more, read the full press release at https://lnkd.in/ehHF6647 #CaptiveInsurance #RegulatoryExcellence #VermontLeadership
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Almost every example in this article is based on the same fatally false premise; shifting investigative burden to the insured. Let’s start with the foundation: “Put another way, is there authority to warrant tolling the accrual of statutory interest under Section 542 for any duration due to delays caused by the policyholder rather than the insurer?” No, there is no such authority. For the simple reason that the only party with a duty to promptly and properly investigate the loss is the carrier. The court has said this explicitly multiple times. Another reason? The only way an insured’s delay could be used to toll interest is when interest would not have been accruing anyways. Take this example from the article: “One final hypothetical for consideration: let’s say an insured submitted a claim on February 1, 2020, and supported the claim only with a contractor’s estimate. Then, two years later, on February 1, 2022, a public adjuster finally submitted a causation analysis. Should the insurance company be required to pay statutory interest during that two-year period it took the insured to properly support its claim?” It was never the insured’s job to hire a PA to prove the loss. It was never the insured’s duty to complete the carrier’s investigate burdens when they failed to do so. Why didn’t the carrier make a proper RFI for more information? That would’ve absolved interest from accruing if the insured refused or failed to do so. Hire their own experts? That could’ve resolved issues of causation and coverage and led to a proper payment and absolved interest. Send out their contractors or building consultant? That would’ve resolved the issue of proper amount of loss and also absolved interest. The carrier can’t fail to properly investigate, then blame it on the insured for not doing it for them as way out of interest. Obviously, the TPPCA is the biggest roadblock to a carrier’s ability to delay payment without consequence. However, may I suggest that the TPPCA isn’t the problem? A carrier could always just pay promptly - and properly - if they want to avoid interest. Simple as that.
Ashley Pedigo, a senior associate in Zelle’s Dallas office, explores the implications and enforcement of the Texas Prompt Payment of Claims Act (TPPCA), specifically focusing on the responsibilities and liabilities imposed on insurance companies regarding the timely processing and payment of claims. Read the full article here. https://lnkd.in/gipiWHcE #InsuranceClaims #TPPCA #TexasInsurance
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Tune into today's star studded webinar featuring our CEO, Hamish McDonald Nye, alongside guest speakers, Blair McNamara and Katy Gale from Brockhill & Usherwood Lawyers. In this webinar they will explore the ramifications of the High Court's Burns v Corbett decision on tribunal jurisdiction, examine limitations within tribunal jurisdictions including contribution claims under the Wrongs Act, and discuss forthcoming legislative changes impacting VCAT. If you have not registered, please click on the link here: https://lnkd.in/gFa3F8zV #insurance #prorisk #insurancebrokers #probind #webinar #education #claims
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VP, Head of Healthcare Claims | B&B Protector Plans at Brown & Brown Insurance| Senior Claims Law Associate
3moWell done!