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Today's Headlines

 
August 6, 2021
 
Today's Headline Sponsor: Berkshire Hathaway Specialty Insurance (BHSI)
 
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National

 

Insurers Expect COVID-19 Liability Claims Against Employers as Employees Return

Liability insurers on both sides of the Atlantic are scaling back the cover they offer companies ahead of an expected wave of...
 

Progressive Insurance Hurt by Rise in Auto Claims, Low Premiums in Q2

Progressive Corp. reported a 56% decrease in net income to $790.1 million for the second quarter. Net income was down 9% for the first...
 

Rate Hikes, Investments Help AIG Get Back to Profit in Q2

American International Group generated a modest profit in the second quarter, citing gains from higher net investment income, far fewer...
 

Safety Agency Opens Preliminary Probe of Mercedes Delivery Vans Used by Amazon

The National Highway Traffic Safety Administration (NHTSA) said Friday it has opened a preliminary investigation into reports some 2019...
 

HCI Group's Home and Flood Insurtech TypTap Files for Possible IPO

HCI Group, Inc. announced that its insurtech subsidiary, TypTap Insurance Group, Inc., a Florida-based writer of private market...
 

Global Regulators Warned About Entry of 'Big Tech' Firms into Financial Services

Central banks and financial regulators urgently need to get to grips with the growing influence of "Big Tech," according to top officials...
 

This Summer's Extreme Weather Hitting World's Wealthier Countries

As the world staggers through another summer of extreme weather, experts are noticing something different: 2021's onslaught is hitting...
 
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Top 5 Challenges for the Modern Insurance CIO

The role of the insurance CIO has transformed over the last few years. Previously a bastion for SLAs (service level...
 
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IJ's Top 100 Independent P/C Agencies
 
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Featured Events

 
IASA Xchange™ and OnPOINT

IASA Xchange™ Hybrid Conference

August 29 / New Orleans, LA & Virtual
 
 
 

East

 

New York Gov. Cuomo Eased Path for Harassment Suits That May Now Target Him

Sexual harassment suits against Andrew Cuomo will face an easier path under changes to state law the governor signed two years ago,...
 

Delaware Insurance Commissioner Issues Alert About Recalled Respiratory Machines

Delaware Insurance Commissioner Trinidad Navarro has released a consumer alert for users of respiratory devices manufactured by Philips....
 

New Hampshire Experiences Continued Stability in Workers' Comp Market

The New Hampshire Insurance Department (NHID) approved a rate proposal filed by the National Council on Compensation Insurance (NCCI)...
 

Canary Blomstrom Insurance Agency Merges with GoodWorks Financial Group

Canary Blomstrom Insurance Agency of Agawam recently became a member of GoodWorks Financial Group, a national network of insurance...
 

MGA Insurtech Corvus Acquires Cyber-Focused Wingman Insurance

Managing general agent Corvus Insurance, fresh off of raising $115 million in new venture financing, has made an acquisition with an eye...
 
More East News »
 
 
 
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Latest EPLI Trends
 
Discover the 5 trending EPLI claims and how you can help your clients prevent them.
 
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Midwest

 

Former Iowa Insurance Producer Sentenced for Insurance Fraud

A former Iowa insurance producer was recently sentenced after pleading guilty to an insurance fraud scheme. Dustin French of Red Oak,...
 

South Dakota's Sanford Health Targeted by Cyber Hackers

A large healthcare system based in Sioux Falls, South Dakota, acknowledged that it has been targeted by hackers. Sanford Health President...
 

Crop-Dusting Plane Crashes in Yard of Northeastern Ohio Home

A crop-dusting plane struck some power lines and trees before it crashed in the front yard of a northeastern Ohio home, leaving the pilot...
 

FEMA OKs $29M for Detroit Residents Impacted by Flooding

The Federal Emergency Management Agency has so far approved about $29 million in grants for Detroit residents whose homes and property...
 

Minnesota Governor Supports Relief for Drought-Stricken Farms

Gov. Tim Walz and a top state lawmakers say they will support an emergency financial relief package for farmers in Minnesota, where most...
 

Crop-Dusting Plane Crashes in Yard of Northeastern Ohio Home

A crop-dusting plane struck some power lines and trees before it crashed in the front yard of a northeastern Ohio home, leaving the pilot...
 
More Midwest News »
 
 

Insurance Jobs

 

Inside Sales Rep, Personal Lines - MAPFRE Insurance - Full time remote

 

P&C Insurance Product Analyst - MAPFRE Insurance - Webster, MA or Seattle, WA Area

 

Client Engagement Manager - Praedicat - New York, NY

 

Business Account Specialist - Quadrant Information Services - Remote (Austin, TX area required)

 

Head of Call Center - A-MAX Auto Insurance - Dallas, TX

 
 
 

Southeast

 

Norwegian Cruise Line Goes to Court to Block Florida's Vaccine Passport Ban

Norwegian Cruise Line heads to federal court on Friday in a battle that pits the company's plan for returning to the seas against Florida...
 

Fatal Overdoses in Kentucky Grew 49% in 2020

Fatal drug overdoses in Kentucky _ an ongoing scourge that has ravaged communities in the state _ surged nearly 50% last year and...
 

Ex-West Virginia Mayor Pleads Guilty to Stealing Flood Relief Funds

A former mayor in West Virginia has pleaded guilty to stealing federal relief funds meant to rebuild his city after a massive 2016 flood....
 

Alabama Crash That Killed 10 Caused by Tractor-Trailer

A crash that killed 10 people, including nine children, on a rain-slicked Alabama interstate happened after a tractor-trailer truck...
 

HCI Group's Home and Flood Insurtech TypTap Files for Possible IPO

HCI Group, Inc. announced that its insurtech subsidiary, TypTap Insurance Group, Inc., a Florida-based writer of private market...
 
More Southeast News »
 
 

South Central

 

TWIA to File for Rate Increase; TDI Proposes Member Assessment Rule Change

The property insurer of last resort for wind and hail in counties along the Texas coast will file for a 5% rate hike for both residential...
 

Filtration System Blamed for Chemical Leak at Texas Water Park

A Texas water park says a chemical exposure that sent dozens of people to hospitals was caused by "improper installation" of a water...
 

Staffing Crisis Hits Texas Hospitals as Burnout Depletes Workforce, Virus Surges

Texas nurse Jenna Price gets half a dozen solicitations a day from hospitals and staffing agencies that want to pay her four times her...
 

Van Carrying 25 in Texas Crashes; Leaves at Least 11 Dead, Others Injured

An overloaded van carrying about 25 passengers crashed Aug. 3 on a remote South Texas highway, killing at least 11 people and injuring...
 
More South Central News »
 
 

West

 

Postmates Paying $1M to Washington Gig Workers in Settlement

Online food delivery platform Postmates has agreed to pay almost $1 million to settle allegations it violated the city's paid sick leave...
 

Judge Revives Class-Action Claim Against Wynn Resorts in Nevada

A federal judge in Nevada has revived elements of a securities fraud lawsuit seeking class-action status for allegations that executives...
 

Company Paying $1M After California Department of Insurance Alleges Employee Broke Law

First American Title Co. has agreed to pay $1 million after a California Department of Insurance investigation alleged that one of its...
 

Washington Farm to Pay More $2M Following COVID Deaths

The state of Washington has reached a settlement with Gebbers Farms Operations, LP to spend more than $2 million improving housing,...
 
More West News »
 
 

International & Reinsurance

 

Britain Launches $1 Billion Reinsurance Scheme to Cover Music Festivals

Britain launched a government-backed reinsurance scheme totaling more than 750 million pounds ($1 billion) on Thursday to cover live...
 

'Not Everything Was Perfect' in Fund Manager, Says Allianz CEO, After 'Horrible Week'

Oliver Baete, chief executive officer of Germany's Allianz, on Friday spoke of a "horrible week" for him and the insurer, his first...
 

Wildfires Rage Anew Near Athens, Forcing More Evacuations in Southern Greece

Wildfires rekindled outside Athens and forced more evacuations around southern Greece Thursday as weather conditions worsened and...
 

Allianz Posts 46% Jump in Q2 Profit, with Rosy Outlook Expected

FRANKFURT - German insurer Allianz on Friday posted a better-than-expected 46% jump in second-quarter net profit and provided a rosier...
 

Africa Specialty Risks Launches Reinsurer in Bermuda

Africa Specialty Risks (ASR), the pan-African focused reinsurance group, announced it has launched a licensed reinsurer in Bermuda. The...
 

Turkish Officials Accused of Using Only 2% of Forest Protection Budget Before Wildfires

Turkish authorities battling the country's worst ever wildfires have been accused of failing to prepare for the threat after official...
 

Many InsurTechs Go Under Quietly While Others Ride Funding Wave

While the aggregate InsurTech funding level for the first-half of 2021 soared past the amount raised for InsurTech businesses for the...
 
More International & Reinsurance News »
 
 
 
 
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Research and Webinars

 
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What's Next for the P&C Industry in 2021?

The 2021 P&C Market Outlook Executive Summary provides agents with a valuable breakdown of the price predictions for...
 
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The Dangers of Mold to Policyholders

Indoor mold is potentially dangerous and destructive – you don't want it in your home or business! Mold is found everywhere...
 
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Is your agency using predictive analytics to anticipate client needs?

Data and analytics are transforming the insurance industry, and independent agencies have the perfect opportunity to transform...
 
research

Beyond Survival: Key Strategies to Thrive as an Independent Agent

We surveyed and interviewed independent agents from across the United States to understand the hurdles they face, the...
 
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Becoming a modern, digital agency in 2021

Let's face it—the distribution channel has treated carriers, agents, and customers well in the past, but the digital world we...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 19 : State, Federal Regulatory Enforcement a Focus as Cyber Crime Grows

As ransomware attacks are on the rise and cyber risks continue to mount, experts say there has...
 
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Cal/OSHA Cautions California Employers to Protect Workers from Wildfire Smoke

Cal/OSHA is cautioning California employers to be prepared to protect workers from unhealthy...
 
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