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February 5, 2021
 
Today's Headline Sponsor: Berkshire Hathaway Specialty Insurance (BHSI)
 
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National

 

Private Equity Firms StonePoint, Insight to Buy Data Provider Corelogic

Property data and analytics firm CoreLogic has agreed to be acquired by two private equity firms for about $6 billion. Funds managed by...
 

Judge Dismisses Walmart Lawsuit Over Pharmacy Liability in Opioid Crisis

A federal judge has dismissed Walmart Inc's lawsuit seeking to preemptively block the U.S. government from blaming the world's largest...
 

3 Ways COVID-19 Will Continue to Impact Insurance Industry in 2021

The effects of the COVID-19 pandemic will be felt by the insurance industry and its customers well into 2021 as consumers and businesses...
 

Amazon Plans Cameras with AI in Its Delivery Vans to Improve Driver Safety

Amazon.com has revealed plans to install AI-powered video cameras in its branded delivery vans, in a move that the world's largest...
 

Last Chance for 2021's Agency Salary Survey

The deadline to participate in the 2021 Agency Salary Survey is today. Would you like to know where agency salaries and total...
 

California's New Mini-CFPB Law Largely Parallels Its Federal Cousin

California recently adopted significant amendments to its financial code, resulting in what is now known as the California Consumer...
 

Chubb System Tracks Absence Management, Benefits for Employers

A new offering from Chubb's Workplace Benefits division looks to integrate and streamline absence management and workplace benefits for...
 

The Hartford Q4 Profit Dips Slightly on COVID Life Insurance Claims

Fourth quarter profit at The Hartford dipped slightly due in part to COVID-related group life insurance claims. Fourth quarter 2020 net...
 

Sadly The One Thing 2020 Did Well Was to Heat Things up

2020 wasn't the bottom of the barrel in all regards - depending on how you look at it. The planet's average surface temperature in 2020...
 

Workers' Compensation Underwriters Under the Gun to Understand Pandemic Data

Workers' compensation underwriters are about to be tested in the marketplace like never before. While the current situation is not all...
 

Professional Liability Underwriters Feeling Pressure From COVID: AM Best

The COVID-19 pandemic is creating varying levels of disruption for writers in the U.S. professional liability insurance market, with many...
 

4 Ways Your Company Should Use Technology to Support Customers in an Era of Social Distancing

COVID-19 has impacted many areas of property/casualty insurance, but perhaps the most challenging is that it has...
 
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East

 

Three Injured in Gas Line Explosion in Northern Virginia

Three people were injured in a gas line explosion on Wednesday which also set three vehicles on fire and caused damage to a house in a...
 

A.I.M. Mutual Expands Coverage Territory to Rhode Island

A.I.M. Mutual has expanded its coverage territory to Rhode Island. The company, a monoline workers' compensation carrier based in...
 

Selective's College Competition Appoints Students To Run Virtual Insurance Agencies

Selective's College Competition kicks off this week across eight colleges throughout the country and will run through February. The...
 
More East News »
 
 
 
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Midwest

 

Ashfeld-Schwarz Joins MJ Insurance's Employee Benefits Team in Indianapolis

MJ Insurance, headquartered in Indianapolis, has added industry veteran Leea Ashfeld-Schwarz to its Benefits Consulting team, where she...
 

Bill to Stem Virus-Related Lawsuits Advances in Missouri Senate

Missouri senators on Feb. 3 advanced a bill that would shield hospitals, manufacturers and other businesses from lawsuits over alleged...
 

Foxconn Cost Wisconsin Governments Hundreds of Millions of Dollars: Lawsuit

Worldwide electronics leader Foxconn Technology Group violated terms of its contract in Wisconsin, while local governments spent hundreds...
 

USDA Says Tainted Nebraska Beef Sold in Illinois; Consumers Warned

Health officials are warning consumers in Illinois that they may have bought beef tainted with E. coli bacteria that was produced at a...
 
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Independent Agency in AL for Sale.
 
Agency in same location for 21 years.
 
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Southeast

 

Unlicensed Florida Agent Arrested Over Auto Insurance Fraud Scheme

A Florida woman allegedly acting as an insurance agent without a license was arrested last month after an investigation by the Florida...
 

After 4-Year Wait, W. Virginia Rolls Out Medical Cannabis Registration System

Nearly four years after West Virginia lawmakers allowed a regulatory system to be established for medical cannabis products, eligible...
 

Nearly $14M Settlement Reached in Crash that Killed Kentucky Officer

A nearly $14 million settlement has been reached in a lawsuit over a 2018 crash that killed a Kentucky police officer. The money will go...
 

McGriff Energy of Alabama Hires Jorgenson as Producer, Senior Vice President

McGriff has hired Dain Jorgenson as a senior vice president and producer in its Birmingham-based Energy Practice. Jorgenson joins McGriff...
 
More Southeast News »
 
 
 
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South Central

 

Texas Approves Redpoint/Tesla Auto Insurance Policy Form

It looks like Tesla has gone all-in on Texas. Not only is the electric car company moving some manufacturing operations to Austin, its...
 

Study: 40 Out of 120 Texas Workers' Comp Insurers Are 'High Performers'

Forty workers' compensation insurance carriers out of 120 assessed in Texas scored high enough to be placed in the "high performer" tier...
 

Texas Hotel Management Firms to Settle Pay Discrimination Suit for $400K

Two Texas-based hotel management firms have agreed to pay $400,000 to settle a federal lawsuit alleging gender pay discrimination at a...
 
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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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West

 

California Supreme Court Rejects Rideshare Vote Lawsuit

The California Supreme Court rejected a lawsuit that sought to overturn a ballot measure that makes app-based ride-hailing and delivery...
 

Utah Theme Park Files Trademark Suit Against Taylor Swift

A theme park in Utah has filed a lawsuit against Taylor Swift that accuses her of trademark infringement. Evermore Parks said in its suit...
 

Cannabis Broker Spotlight: Kennedy with Purple Risk Preaches Education, Specialization, Differentiation

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

Former California Agent Arraigned for Allegedly Stealing from Clients

Former licensed insurance agent Laura Lopez, 37, of Long Beach, Calif., was arraigned on one felony count of grand theft after allegedly...
 
More West News »
 
 
 
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$2.8 Million Allstate Agency for Sale
 
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International

 

Irish Pubs Entitled to Get Lockdown Insurance Payments from FBD: High Court Ruling

DUBLIN - Ireland's High Court ruled on Friday that four publicans insured by FBD were entitled to be indemnified for losses under...
 

How a 2020 Cyber Attack Brought the New Zealand Stock Exchange to Its Knees

The website of the New Zealand Stock Exchange slowed to a crawl on a Tuesday afternoon in August. It was so badly throttled that the...
 

Russian Mining Giant Nornickel Fined $2 Billion for Huge Arctic Fuel Spill

MOSCOW - Russian mining giant Norilsk Nickel was fined $2 billion on Friday for the damage caused by a huge fuel spill last year in the...
 

Many UK Companies Report Difficulties with Post-Brexit Trade Arrangements: HSBC

LONDON - Around 40% of British companies that import and export said the shift to a new trading arrangement with the European Union had...
 

Australian Insurers Declare Catastrophe for Perth Hills Bushfires

The Insurance Council of Australia (ICA) has declared a catastrophe for the Perth Hills bushfires which continue to burn north-east of...
 

Ex-CNA Hardy Executive Brosnan Named CEO of W. R. Berkley Syndicate Management

W. R. Berkley Corp. announced the appointment of David Brosnan as chief executive officer of W. R. Berkley Syndicate Management Ltd., the...
 

Vale Agrees to Pay Settlement of $7 Billion for Brazilian Mine Disaster in 2019

Vale SA reached a settlement agreement with Brazilian authorities for a dam collapse that killed 270 people and led to production...
 
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.
 
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Research and Webinars

 
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How to Grow Your Agency with Digital Marketing

Join Us Wednesday, Feb. 17th, 10 am PT, 1pm ET In today's marketplace, increasing your number of clients, policies sold, and...
 
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Getting the Most Out of Your Agency Data

To succeed and grow in a digital-first world, insurance agencies need to know and use the data in their technology. Agencies...
 
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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...
 
adv

Guide to Administering Your Own Premium Financing Program

Agencies arranging financing to insureds through premium finance companies can increase their top and bottom lines by offering...
 
More research and webinars »
 
 

Insurance Journal TV

 
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ICS20 Soundbite: Capacity, Vaping Among Issues in Cannabis Industry Going Forward

Norman Ives, a wholesale insurance broker at Worldwide Facilities LLC specializing in custom...
 
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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...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

Florida Condo Association Sues Resident for Feeding Stray Cat

Posted: Wed Feb 3 -- Wow ! There has to be at least ten different ways this could have been handled that would be condo friendly, animal friendly, elderly... Questionning
 

Texas Governor Vows to Fight President Biden's Energy, Climate Agenda

Posted: Fri Jan 29 -- "Abbott acknowledged that in Texas, there is “either zero or close to zero” federal lands where drilling is done." We are going to stand... CalDude
 

U.S. Issues Mask Mandate on Public Transportation

Posted: Mon Feb 1 -- Glad to see Biden implemented his mask mandate that Republican's argued he should've done while Trump was still President ¯\_(ツ)_/¯ Rosenblatt
 

OSHA Issues COVID-19 Workplace Safety Guidance

Posted: Mon Feb 1 -- This sentence summed up the article well: "Much of the guidelines released Friday are similar to ones from the Trump administration".... TR714
 

As Insurers Exit Coal Underwriting, They May Find It's Good for Stock Valuations

Posted: Tue Feb 2 -- Didn't know Underwriters are now Stock Analyst. SMH. Wonder if Stockholders want underwriters to just focus on stock price and not actually... TX Agent
 
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