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Today's Headlines

 
April 1, 2022
 
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National

 

Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B

Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50%...
 

Marsh McLennan Commits to Net-Zero Across Operations by 2050

Marsh McLennan announced its commitment to set and execute low-carbon transition strategies that chart a path to net-zero across its...
 

Amica CEO DiMuccio to Retire at End of 2022

After 31 years at Amica Mutual Insurance, including 17 years as its CEO, Robert A. "Bob" DiMuccio will retire at the end of 2022, the...
 

Ford Recalls 737,000 U.S. Vehicles Over Software and Fire-Risk Issues

Ford Motor Co. is recalling 737,000 vehicles in the United States over a part that could develop an oil leak and a software error that...
 

Young Agents: What Do You Think? Take This Survey.

Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young...
 

Triple Threat: Ransomware Criminals Add Data Theft, Manipulation to Encryption Tactics

Ransomware criminals are adding even more tools to their toolboxes, and companies are finding it harder to stay on top of the trends,...
 

'Insurance: The Musical' Opens on Broadway

Broadway is taking a risk--on a musical about insurance. "Insurance: The Musical" opens this week in New York after a successful tryout...
 

Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re

Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property...
 

The Original ESG: Casualty Underwriting

Promoting Environmental, Social and Governance (ESG) performance has become a top priority of corporate executives and...
 
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Featured Events

 
IASA Xchange™

IASA Xchange™

June 5 / Baltimore, MD
 
 
 

East

 

Judge Invalidates Massachusetts Investment Advisor Rule in Win for Robinhood

A Massachusetts judge on Wednesday dealt state securities regulators a major setback in their enforcement action against online brokerage...
 

Rhode Island Regulator Dwyer Named to Financial Stability Oversight Council

The Executive Committee of the National Association of Insurance Commissioners (NAIC) has appointed Beth Dwyer, superintendent of Banking...
 

Parents of Teen Shot on Bridge Sue Pennsylvania State Police, District Attorney

The parents of a 19-year-old man who was killed by state troopers on an overpass in the Pocono Mountains filed a wrongful-death suit...
 

Vermont Jury Awards $5.25M to Florida Woman Impregnated by Own Fertility Doctor

A federal court jury in Vermont on Wednesday awarded a Florida woman $5.25 million from a doctor who used his own sperm to impregnate her...
 
More East News »
 
 

Insurance Jobs

 

Business Systems Analyst - Edge Case Risk Management - Pittsburgh, PA

 

Commercial Lines Carrier Underwriter - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Commercial Transportation Underwriting Manager - JM Wilson - Kalamazoo, MI

 

Group Health - Disability Claims Examiner / Adjuster - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Loss Control Specialist - Nationwide Insurance - New England States

 
 
 

Midwest

 

Kansas City Police to Pay $325,000 to Teen After Violent Arrest

A Black Kansas City teenager will receive a $325,000 settlement after three white police officers hit him more than 10 times and used a...
 

Ohio Supreme Court Weighs Caps on Damages in Child Rape Case

An Ohio woman repeatedly raped as a child suffered injuries so severe that she's owed millions in compensation despite a state cap on...
 

Ohio National Acquires Constellation

Ohio National Mutual Holdings, Inc. and its wholly owned subsidiary Ohio National Financial Services, Inc., a leading provider of...
 

Kansas Won't Enforce Vaccine Rule for Nursing Home Workers

Democratic Gov. Laura Kelly's says Kansas won't enforce a federal mandate that nursing home workers get vaccinated against COVID-19,...
 
More Midwest News »
 
 

Southeast

 

With Florida Rulings, Will More Insurers Require Arbitration in Claims Disputes?

A decision handed down Thursday by the Florida Supreme Court, along with a recent ruling by state regulators, could give insurers another...
 

Judge OKs $83M Settlement for Owners in Miami Beach Condo Collapse

People who owned units in a Florida oceanfront condominium building that collapsed last year will divide $83 million for property losses,...
 
More Southeast News »
 
 

South Central

 

Supreme Court Cast Doubt on Texas Immunity Claim in Vet's Suit

The Supreme Court on Tuesday cast doubt on Texas' claim that it can't be sued by a former state trooper who says he was forced out of his...
 

Interview From Deceased Louisiana Officer Haunts Ronald Greene's Deadly Arrest

Days before his own death, Louisiana Master Trooper Chris Hollingsworth walked into a secure room deep inside state police headquarters,...
 

Louisiana Man Sentenced for Role in Operation Sideswipe

United States Attorney Duane A. Evans announced March 30 that Dewayne Coleman, age 22, of Marrero, Louisiana, was sentenced for...
 
More South Central News »
 
 

West

 

Ballplayer Files Defamation Suit Against The Athletic in California

Los Angeles Dodgers pitcher Trevor Bauer sued The Athletic and former reporter Molly Knight, accusing them of "creating and spreading the...
 

Fitch Downgrades California Earthquake Authority's Ratings; Outlook Stable

Fitch Ratings downgraded California Earthquake Authority's Issuer Default Rating and revenue bond ratings to 'A-' from 'A'. The Rating...
 

Washington County to Pay $1M to Family of Man Shot and Killed

The family of a man with mental health issues who was shot and killed by a Spokane County Sheriff's Deputy in Washington will receive $1...
 
More West News »
 
 

International & Reinsurance

 

Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B

Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50%...
 

Property Catastrophe Reinsurers Show Greater Risk Appetites as Price Hikes Continue

Reinsurers have boosted their 2022 probable maximum loss (PML) exposures as higher prices continues to attract more capital to...
 

HSBC's New Insurance Chief Executive Eyes 'Crucial' New Deals in China

Greg Hingston, who took over as global chief executive of HSBC Holdings Plc's insurance unit in January, has had a busy quarter, closing...
 

Ukraine to Guarantee Insurance Payouts to Cargo Ships Damaged at Its Danube Ports

Ukraine, a major producer of grain, oilseeds and steel products, will guarantee insurance payments to cargo vessels damaged in...
 

U.N. to Hold Companies to Their Net-Zero Pledges With Group of 16 Experts

The United Nations on Thursday announced the members of an expert group that will scrutinize corporate pledges to achieve net-zero...
 

Howden's Motor Specialist MGA KGM Underwriting Acquires UK Motor MGA Eridge

KGM Underwriting Services, a UK specialist motor insurer and subsidiary of Howden Group, announced the acquisition of Eridge Underwriting...
 

Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050

Zurich Insurance Group announced it is bringing forward by 20 years its target to achieve net-zero emissions in its operations. It now...
 

People Moves: AXIS Specialty Europe Names Mullarkey as CEO; SCOR Syndicate Appoints Arch's Biggas as Active Underwriter

This edition of International People Moves details appointments at AXIS Specialty Europe and SCOR Syndicate. A summary of these new hires...
 
More International & Reinsurance News »
 
 

Insurance Journal Blogs and Columns

 

That's A Hard No

That's a hard no. I like that phrase. Simple. Direct. Expresses exactly what I mean. Sometimes it's just no. No negotiation. No...
 
More Blogs »
 
 

Research and Webinars

 
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Navigating a Sea of Uncertainty: 5 Reasons to Select a Cargo Policy

Port accumulation and trans-shipment delays. Extreme weather events. Fires at sea. These are just a few interconnected yet...
 
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Calling All Retail Agents Providing Collision, DOL, or Physical Damage Insurance: This Research Is for You

Entering into another year of unpredictability in the global supply chain, the shortage of automobile semiconductor chips —...
 
research

Why E&S is a Huge Opportunity for Independent Agents

It's shaping up to be the best E&S lines market in U.S. history. Are you realizing the benefits? In this whitepaper, we'll...
 
research

Innovative Strategies & Processes to Personalize Customer Experience

Hear from Nationwide and Salesforce about innovative strategies and processes to personalize the customer experience. Owning...
 
research

3 Success Stories of Agency Growth - Implement these Strategies in 2022

Independent agents and dedicated agents looking to transition to an independent career have a lot to contemplate when...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 45: Not Being All You Can Be When Being ESG a Bad Risk for Cannabis Companies

Environmental, social and governance is a big part of the world nowadays, and the concept of...
 
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Sign up Today for The InsurTech Summit 2022!

We're back and excited to bring to you another group of industry professionals ready to tackle...
 
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