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December 4, 2020
 
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National

 

SEC Fines Cheesecake Factory for Misleading Disclosures About COVID Financial Impact

The Securities and Exchange Commission said it has settled charges against The Cheesecake Factory Inc. for misleading disclosures about...
 

Insuring Cannabis Summit: Insurance Expert Unpacks Green Wave Election

Editor's note: This is part of a series of articles based on panels and presentations during Insurance Journal's 2020 Insuring Cannabis...
 

Justice Department Charges Facebook With Hiring Bias Against U.S. Workers

The U.S. Justice Department accused Facebook Inc. on Thursday of discriminating against U.S. workers, saying in a new lawsuit the social...
 

Women's Team Settles With U.S. Soccer Federation Over Work Conditions

U.S. women's national team players and the U.S. Soccer Federation have settled their long-running lawsuit over inequitable working...
 

IBM Warns COVID Vaccine 'Cold Chain' Process Has Been Targeted by Hackers

IBM is sounding the alarm over hackers targeting companies critical to the distribution of COVID-19 vaccines, a sign that digital spies...
 

Millennials, Women 'Sandwiched' as COVID-19 Shifts Caregiving Responsibilities

The demographics of the Sandwich Generation - those who care for both their children and aging parents - as well the financial...
 

Inspector General Urges Mine Safety Agency to Tighten Silica Dust Rules for Miners

The inspector general for the U.S. Department of Labor is urging the government's mine safety agency to tighten restrictions on a...
 

Environmentalists Say U.S. Insurers Lag Behind Peers on Fossil Fuels

U.S. insurance companies lag behind their global peers by enabling the fossil fuel industry, according to a report from an...
 

What Will the Senior Living Market Look Like for Insurers Post-Pandemic?

Property/casualty insurance for senior living facilities has taken a hit this year. The insurance market has been hardening for the last...
 

Is Innovation Overrated: A Carrier Management Special Event

Leaders working in property/casualty insurance and reinsurance agree that innovation is a business imperative for their...
 
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East

 

Transit Worker Can Be Compensated, Cannot Sue Employer for Assault Injuries

A District of Columbia appeals court held that a Washington Metropolitan Area Transit Authority (WMATA) worker cannot sue his employer...
 

Car-Sharing Firm Turo Plans Partial Return to New York After 7-Year Insurance Dispute

Car-sharing startup Turo Inc. is returning to New York, seven years after leaving the state that was once its biggest market over a...
 

World Insurance Associates Acquires Virginia's Tucker Insurance Service

World Insurance Associates LLC (WIA) has acquired Tucker Insurance Service Inc. of Falls Church, Va., on November 1, 2020. Terms of the...
 

Arthur J. Gallagher & Co. Acquires North Star Insurance Services, North Star Marine

Arthur J. Gallagher & Co. has acquired Seattle-based North Star Insurance Services LLC and Fairhaven, Mass.-based North Star Marine...
 
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Midwest

 

Nebraska Agency, INSPRO, Acquired by Marsh & McLennan Agency

Marsh & McLennan Agency LLC (MMA) has acquired INSPRO, a full service, independent agency in Lincoln, Nebraska. Terms of the acquisition...
 

Judge Won't Block Ban on Michigan Indoor Dining

Bars and restaurants on Dec. 2 lost a challenge to Michigan's ban on indoor dining and immediately warned about business failures and...
 

Cleveland to Pay $4.85M to Settle with Wrongfully Convicted Man

Cleveland, Ohio, has agreed to pay a man who was wrongfully convicted of killing an elderly woman and spent 11 years in prison $4.85...
 

Over 230 Vehicles Towed on First Night of Chicago's Parking Ban

The City of Chicago towed over 230 vehicles on the first day of the overnight winter parking ban. On Dec. 1 every year, from 3 a.m. to 7...
 
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Southeast

 

Flood Insurance Lessons Learned from the 2020 Hurricane Season

At long last, the 2020 Atlantic hurricane season has officially ended. The grim statistical tally highlights a dramatic year, the most...
 

Train Carrying Motor Vehicles Derails in Mississippi

A train carrying motor vehicles, polyvinyl and acetone derailed early Wednesday in Jones County, blocking roads and railroad traffic, a...
 

Tennessee Lawmakers Explore Limiting Executive Authority During Health Crises

Tennessee lawmakers who have often been critical of government restrictions to curb COVID-19's spread are suggesting ways to give...
 

New Aon Cyber Offering Targets High Net Worth Individuals, Executives

Aon plc has expanded its Cyber Secure Select offering to include an enhanced cyber insurance program for high net worth individuals and...
 
More Southeast News »
 
 
 
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South Central

 

Flood Insurance Lessons Learned from the 2020 Hurricane Season

At long last, the 2020 Atlantic hurricane season has officially ended. The grim statistical tally highlights a dramatic year, the most...
 

Texas Couple Sentenced to Prison in $15M Employee Benefit Plan Embezzlement Scheme

A Red Oak, Texas, couple have been sentenced to a combined 18-plus years in federal prison for their roles in a $15 million retirement...
 

CRC Group Acquiring Assets of Louisiana's Continental Underwriters

CRC Group, a nationwide wholesale distributor of specialty insurance products, has agreed to acquire the assets of Continental...
 

Farmers in 21 Louisiana Parishes May Qualify for Hurricane Laura Aid

Farmers in 21 north and central Louisiana parishes may qualify for low-interest loans to cover losses from Hurricane Laura in August....
 
More South Central News »
 
 

West

 

Many Californians Being Left Without Homeowners Insurance Due to Wildfire Risk

Acquiring home insurance has long been a mundane but necessary chore. In California, for hundreds of thousands of residents, it's turned...
 

Homes Destroyed in Multiple Alaska Mudslides

Homes are believed to have been destroyed and at least two people are unaccounted for after multiple mudslides in the Alaska community of...
 

Wind Whip up Wildfire in California Canyons, Residents Flee

Powerful gusts pushed flames from a wildfire through Southern California canyons on Thursday, one of several blazes that burned near...
 

United Valley in California Promotes Aguirre and Newland

Fresno, Calif.-based United Valley Insurance Services Inc. has promoted Monika Aguirre and Elizabeth Newland. Aguirre has been promoted...
 

Euclid Life Science Names Bailey Vice President of Underwriting in West

Euclid Life Science Specialty LLC has named David N. Bailey vice president of underwriting and executive underwriter. Bailey's focus will...
 

Cannabis Broker Spotlight: Cuaron with OG Cannabis Got in on City Planning Early

Editor's note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got...
 
More West News »
 
 

International

 

Germany Extends $37B Backstop for Credit Insurers to Keep Pandemic Trade Flowing

Germany agreed to extend a backstop for commercial credit insurers by six months to keep trade flowing and prevent bankruptcies as the...
 

Momentum Is Building for Pre-Flight COVID-19 Airport Testing

Even as the race to approve and distribute COVID-19 vaccines is entering its final stretch, parts of the travel industry are sprinting to...
 

Central American Storms in 2020 Preview What's Ahead with Climate Change: Experts

HAVANA/GUATEMALA CITY - Villagers in Guatemala's Mayan hillside hamlet Sanimtaca had been about to harvest their cardamom crops that take...
 

Brexit Trade Talks at 'Very Difficult Point' as Clock Ticks to Year-End Deadline

LONDON/BRUSSELS - European Union officials said on Friday a post-Brexit trade deal could finally be clinched this weekend, but London...
 

Cyclone Burevi Weakens After Bringing Heavy Rain to Southern India

CHENNAI - A cyclone that brought heavy rain to parts of southern India and neighboring Sri Lanka has weakened into a "practically...
 

Victor Insurance Appoints Former RSA Executive Turner as International Head of Marine

Victor Insurance, the world's largest managing general underwriter (MGU), announced the appointment of Richard Turner as international...
 

Howden Broking Opens Branch Office in Iceland

Howden Broking, the international insurance broker, announced the opening of a branch office in Reykjavik, Iceland. The office is the...
 
More International News »
 
 
 
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Business Income Insurance Demystified
 
Business income coverage is arguably one of the most important coverages your commercial clients should have. Get THE book on the subject.
 
Get the Book
 
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Insurance Journal Blogs and Columns

 

Context Over Content: How Agencies Can Compete in Digital Marketing

The internet is an ever-expanding marketplace. Yet, it's full of websites and brands competing for a consumer's attention. This is why it...
 
More Blogs »
 
 

Research and Webinars

 
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Three Ways to Thrive as an Insurance Agent in a Hard Market

The hard market is here and shows no signs of slowing down. While this period of the insurance cycle is often known as being the...
 
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Seismic Changes Ahead for D&O Insurance Segment

AM Best expects that the Directors and Officers (D&O) segment will soon undergo radical changes based on an examination of...
 
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Your Guide to Insuring High Net Worth Individuals

High net worth individuals and their families --- those with liquid assets of more than $1 million -- have an extensive variety...
 
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How the Best Agencies Stand Out

Independent agencies today face an increasingly commoditized market, with new competitors constantly on the rise, and technology...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 2: Forget the Stars, Insurers are Shooting for the Cloud

Recent research shows that more insurers are taking advantage of cloud technology for data...
 
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EP. 14: What an Election Green Wave in Five States Means for the Industry, Insurers

Elections Part II Nov. 3 came and went, and while there's some still contentious feelings...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

Insurers Winning Most, But Not All, Covid-19 Business Interruption Lawsuits

Posted: Mon Nov 30 -- Insurers must be held accountable TO THE CONTRACT LANGUAGE ! Full stop ! That means that most, if not all of the BI claims triggered by the... Barry Rabkin
 

Road Rage Lawsuit Has Implications for Police Shootings: Opinion

Posted: Fri Nov 27 -- "A document crafted by a bunch of slave owners . . ." that became the model for Constitutions around the world thereafter. Apparently, the... Craig Winston Cornell
 

Trials Delayed, Cases Pile Up as Too Few Jurors Show Up Amid Coronavirus

Posted: Mon Nov 30 -- I live in the DFW area, Dallas County. When called for jury duty, the central jury room usually has close to 1000 people on a Monday. I... TxLady
 

Insurers Looking Into Rise in Lawsuits Against Firms Over Lack of Diversity

Posted: Tue Dec 1 -- It's sad that at this point it's doubtless that the clueless, racist members of the right will moan and wail about this, likely refusing to... Jon
 

Human Nature Thwarts Widespread Use of Apps Tracking Coronavirus Exposure

Posted: Tue Dec 1 -- WHAT? You mean people don't trust Google and Apple with their information? Now, why would that be? I swear, the author of this article must... Craig Winston Cornell
 
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