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Today's Headlines

 
February 12, 2021
 
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National

 

Investors Eye Windfall From Denied COVID-19 Insurance Claims

A growing market niche where investors profit from others' legal troubles is getting a boost from Covid. Distressed-investing funds and...
 

Smaller Cars May Be Why Women Are More Likely to Suffer Serious Crash Injuries

The smaller, lighter vehicles that women more often drive, and the types of crashes they get into, may explain why they are much more...
 

Q&A With David Altmaier, President, National Association of Insurance Commissioners

Florida's insurance regulator has a busy year ahead, and it won't just include overseeing his own state's insurance market, one of the...
 

Amazon Sues New York Over COVID Workplace Safety, Firing Lawsuit

Amazon.com Inc. on Friday sued New York's attorney general to stop the state from filing its own lawsuit over the online retailer's early...
 

Bond Insurer MBIA Agrees to Settle Mortgage Claims Against Credit Suiss

New York-based municipal bond insurer MBIA Inc.'s unit MBIA Insurance Corp. entered an agreement to settle a litigation it filed in 2009...
 

Marsh & McLennan Hires Diversity Officer With Experience at Starbucks, NBA

Global insurance and professional services firm Marsh & McLennan Cos. announced that Nzinga Shaw will join the company as chief Inclusion...
 

New Chubb Crime Coverage Protects Firms from Employee Theft, Outside Criminals

Chubb has introduced a new crime insurance policy - The Chubb Primary Commercial Crime Insurance, designed to help companies of all sizes...
 

COVID-19 Infections in U.S. Nearly 3X Greater Than Reported, University Model Estimates

World health experts have long suspected that the incidence of COVID-19 has been higher than reported. Now, a machine-learning algorithm...
 

Insurers Still Committed to Cyber Market Even as Risks Mount

It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S. government agencies and dozens...
 

Actuary to Actuary: Understanding Racism in the Workplace

Events in 2020 that included protests in response to the brutal killings of several unarmed Black people--George Floyd,...
 
More National News »
 
 
 
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East

 

New York Woman Arrested for Insurance Fraud in Obtaining $200K of iPhones

A Bronx, New York, woman has been arrested and charged with fraudulently obtaining more than $200,000 worth of iPhones from an insurance...
 

Baltimore County School Board to Address Ransomware Attack

The Baltimore County Board of Education has approved more than $1.7 million in contracts for services that were necessary after a...
 

Amazon Sues New York Over COVID Workplace Safety, Firing Lawsuit

Amazon.com Inc. on Friday sued New York's attorney general to stop the state from filing its own lawsuit over the online retailer's early...
 
More East News »
 
 
 
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Midwest

 

Diocese in Minnesota Diocese Settles Abuse Claims for $21.5M

The Diocese of Winona-Rochester in Minnesota says it has reached a $21.5 million settlement with 145 individuals who were sexually abused...
 

Kotch Joins Core Specialty Insurance in Ohio as Chief Information Officer

Core Specialty Insurance Holdings Inc. (Core Specialty), based in Cincinnati, Ohio, has appointed Mary Kotch as chief information officer...
 

Wisconsin Gov. Proposes Legalized Marijuana -- Recreational and Medical

Wisconsin Gov. Tony Evers has proposed legalizing marijuana and regulating and taxing it like the state does alcohol. Evers made the...
 

South Dakota's Noem Plans to Stall Legalization of Medical Pot

South Dakota Gov. Kristi Noem promised she will honor the will of voters to legalize pot for medical use, just not this year. The...
 
More Midwest News »
 
 
 
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Southeast

 

Florida Consumers 'Flabbergasted' by Property Insurance Rate Hikes

Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a...
 

Parkland Parents Lose Bid to Hold District Liable for Not Warning of Student Danger

A Florida judge has ruled that a local school district had no responsibility to warn students and faculty at Marjory Stoneman Douglas...
 

Lawmakers Vote to Extend Georgia COVID Lawsuit Shield by One Year

The Georgia state House has voted in favor of extending by one year a law that protects businesses from being sued by a person that...
 

Cody Appointed President of Orchid Insurance

Kathy Cody has been appointed president of Orchid Underwriters Agency, LLC (Orchid Insurance), a specialty underwriter of...
 
More Southeast 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.
 
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South Central

 

At Least 6 Killed in Massive Crash on North Icy Texas Interstate

At least six people were killed Feb. 11 in a massive crash involving at least 133 vehicles on an icy Texas interstate, police said, as a...
 

Robles Joins XPT Partners in Texas as VP, Senior Transportation Broker

XPT Partners, a national specialty insurance distribution company, has added excess transportation expert Alex Robles as vice president...
 

Louisiana's Democratic Governor Balks at Biden's Oil, Gas Policy

Gov. John Bel Edwards disagrees with President Joe Biden's targeting of fossil fuel industries and wants the White House to reconsider...
 

FEMA: Aid Deadline for Residential Losses from Hurricane Zeta -- March 15

Residents in six Louisiana parishes have until mid-March to apply for Hurricane Zeta, the Federal Emergency Management Agency says. The...
 
More South Central News »
 
 

West

 

Oil Company Paying $1.9M for Wyoming spills

An oil company has agreed to pay almost $2 million for spilling crude oil and wastewater at two central Wyoming oilfields. The spills...
 

Montana Governor Signs Virus Lawsuit Liability Shield

Montana Gov. Greg Gianforte signed a bill this week intended to protect businesses and health care providers from coronavirus-related...
 

CIG in California Promotes Cummins, Hepner

Monterey, Calif.-based Capital Insurance Group has promoted Scott Cummins to assistant vice president in personal lines, and Pauleen...
 

More Felony Charges for California Insurance Agents in Reported $748K Theft

Additional charges of felony grand theft were filed this week against licensed California insurance agents Robert Farmer, 66, of...
 
More West News »
 
 

International

 

Investors Eye Windfall From Denied COVID-19 Insurance Claims

A growing market niche where investors profit from others' legal troubles is getting a boost from Covid. Distressed-investing funds and...
 

Irish Regulator Presses Insurers to Pay COVID-19 Claims Following Court Ruling

Ireland's central bank governor told insurers to urgently honor and pay valid claims related to COVID-19 disruption, following a...
 

Germany's Cabinet Advances Bill to Ban Farmers' Use of Glyphosate by 2024

Farmers in Germany will have to gradually reduce their use of glyphosate and stop using it completely from 2024 in order to preserve...
 

Zurich 2020 Profit Drop of 8% Reflects Pandemic, Catastrophe Claims

Zurich Insurance's new capital target disappointed market expectations on Thursday, even as claims related to the COVID-19 pandemic and...
 

EU Experts Hit Roadblock in Trying to Resolve Tech, Carmakers' Patent Dispute

European Union efforts to resolve a patent dispute between tech companies and carmakers have hit a roadblock after experts enlisted for...
 

Finnish Insurer Sampo Books Q4 Loss on Banking Group Stake

Finnish financial group Sampo on Thursday reported a fourth-quarter loss as the company booked a 899 million euro ($1.09 billion)...
 
More International News »
 
 
 
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Understanding Business Income
 
Business income coverage is arguably one of the most important coverages your commercial clients should have. Get THE book on the subject.
 
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Research and Webinars

 
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Weigh Your Options on Starting Your Own Premium Financing Program

Agencies arranging financing to insureds through premium finance companies can increase their top and bottom lines by offering...
 
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How Has COVID-19 Impacted Workers' Compensation

As a retail broker, you have likely addressed some tough pandemic-related questions from your business clients – from...
 
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3 Ways to Jumpstart Your Agency Growth

Surviving as an independent agent is no longer the name of the game. Modern agencies want to grow their business more than...
 
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The SEO Guidebook for Insurance Agents

Have you thought about how your insurance agency can be found online? Consumers have been turning to the internet to shop for...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 7: New Year, New Threats? Cyber Pros Say Attacks Will Continue to Increase in 2021

Although a new year is underway, many cyber professionals are saying the threat environment...
 
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EP. 17: USC's Cannabis Industry Club is All Business - Mostly

It turns out that business-focused cannabis clubs on college campuses are a thing. And they...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

How can a new agent obtain appointments?

Posted: Wed Feb 10 -- If you're just starting your transition or comparing aggregators, word of advice, review the contracts. "You own the book" has multiple... jdwebb
 
Go To Forums »
 
 

Reader Comments

 

Texas Bill Would Mandate Business Interruption Cover for Pandemic Losses

Posted: Wed Feb 10 -- Good luck buying insurance in Texas is this passes. Every carrier is amending their forms to include a communicable disease exclusion if... Oh Goody
 

Climate Models Are Not Designed for Use by Financial Markets, Scientists Warn

Posted: Tue Feb 9 -- Been saying this for years. Yell at the top of your lungs that the sky is falling, sumbody gotta pay for it. Here we are! Jack
 

Cannon Used at Michigan Baby Shower Explodes, Killing Man

Posted: Tue Feb 9 -- 1. My condolences to the family of the man killed. 2. Holding a party in the time of Covid ? 3. Seriously, what is the point of a gender... glassflower
 

Texas Woman Faces Charges After Dog Attacks 3-Year-Old Girl

Posted: Thu Feb 11 -- Sounds like the owner of the dog should be put down too! She should never be allowed to own another dog in her life. Bill
 

Minneapolis Diner Owners Seek $4.5M Suit over Property Damaged in Protests

Posted: Thu Feb 11 -- They need to sue every person in public office that could have done something to avoid these tragedies. Beginning with the mayor. Peplexed
 
Go To Popular Comments »
 
 
 
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