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Today's Headlines

 
January 29, 2021
 
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National

 

Industry Underestimating COVID-19 Biz Interruption Losses: RenRe CEO

During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in 2021, the CEO...
 

SolarWinds Attackers Focused on Cyber and Tech Firms

Whether it was opportunity, strategy or sheer chutzpah, the suspected Russian hackers behind a massive cyber-attack revealed last month...
 

Low-Level Jobs, Less School Could Mean Costly Auto Policies

Drivers with less education and lower-ranking jobs could wind up paying more for auto insurance, magnifying the impact of systemic...
 

Cryptocurrency Crime Drops in 2020 but 'Decentralized Finance' Losses Rise: Study

Losses from cryptocurrency theft, hacks and fraud fell 57% last year to $1.9 billion, as market participants boosted security systems,...
 

AM Best Upgrades Credit Ratings of Kemper P/C Group and Its Subsidiaries

AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings...
 

National General Expands Beyond Floods Product Into 13 Additional States

National General Holdings Corp., a specialty personal lines insurance holding company owned by Allstate, has expanded its private flood...
 

Coalition Adds 5 Hires to Middle Market Production Underwriting Team

Coalition has appointed five new production underwriters to help grow and serve the company's middle market relationships. New Coalition...
 

How the Emerging Gig Economy is Changing Auto Insurance, Surplus Lines

Automobile insurance looks very different today than it did a generation ago. The means by which people (and goods) travel via motor...
 

Why Auto Insurance Companies Should Drop Credit Score

COVID-19 has exacerbated socioeconomic inequality and exposed vast racial and economic disparities in America. Millions...
 
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East

 

Lawsuit Over 2017 Connecticut Training Flight Crash Is Settled

The sister of a student pilot who died in a small plane crash in Connecticut in 2017 has settled a wrongful-death lawsuit against the...
 

Judge to Rule on Maine Property Boundary Dispute

A Maine judge will hear arguments in a property boundary dispute that resulted in a Dover-Foxcroft garage being cut in half last year....
 

Court Rules New Jersey Transit Due $300M in Sandy Damage Coverage

New Jersey's Supreme Court ruled Wednesday that New Jersey Transit has the right to an additional $300 million in insurance coverage...
 
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Midwest

 

Bjornson Named Chief Financial Officer at Lockton's Mylo

Dana Bjornson has been appointed chief financial officer at Kansas City-based Lockton's digital insurance broker, Mylo. Bjornson brings...
 

North Dakota Bills Would Shield Businesses from Virus Lawsuits

Some North Dakota lawmakers are pushing legislation aimed at shielding businesses and health care facilities from lawsuits over...
 

Suit Dismissed Against Nebraska Shop That Sold Alcohol to Minor Who Died

The family of a 17-year-old Nebraska boy who died in a car wreck after he bought liquor cannot recover damages from the Kwik Shop where...
 

Lawsuit Alleges Negligence in Deadly Ohio Medical Helicopter Crash

A wrongful-death lawsuit has been filed against an air ambulance company over a medical helicopter crash in snowy weather that killed the...
 
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Business Income Insurance Demystified
 
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Southeast

 

Citizens Immune from Bad Faith, Not Liable for Non-Contractual Damages: Court

The Florida Supreme Court has resolved A 14-year-old lawsuit against Citizens Property Insurance Corp. in favor of the insurer in a...
 

Tornado Hits Florida's Capital City; Damages, Closes Airport

A tornado touched down near the airport in Florida's capital city Wednesday, flipping at least one small plane over and knocking out...
 

Society Insurance Adds Travelers' Aranas to Launch Restaurant, Bar Program in Georgia

Society Insurance, a Wisconsin-based insurance carrier specializing in coverage for select business niches, has added Joseph Aranas as...
 
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South Central

 

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

Gov. Greg Abbott, looking to show an early contrast with President Joe Biden, visited the Permian Basin on Jan. 28 and announced a series...
 

Texas Holiday Inn Owner Sued for Firing Pregnant Employee

Federal officials have sued the owner of a Holiday Inn Express and Suites in Corpus Christi, Texas, for firing a temporary employee...
 

Deadline for Late-Filed Texas Surplus Line Policy Corrections: Feb. 15

Corrections or adjustment forms for late-filed Texas surplus line insurance policies included on November or December 2020 monthly late...
 
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West

 

Utah Dealership Launches Larry H. Miller Insurance Services

Sandy, Utah-based Larry H. Miller Group of Companies in partnership with Leavitt Group in Utah has launched Larry H. Miller Insurance...
 

$650M Going into Massive Hawaii Flood Project

The U.S. Army Corps of Engineers announced the cost estimate for a flood prevention project in Hawaii has doubled, striking another blow...
 

Kaufman Dolowich & Voluck Names Thompson Employment Litigation Partner in California

Kaufman Dolowich & Voluck LLP has named Allyson K. Thompson an employment litigation partner in its Los Angeles, Calif., office. Thompson...
 

California Passes 103K COVID-19 Workers' Comp Claims for AY 2020

The monthly count of COVID-19 job injury claims reported rose to a record 32,549 cases in December, bringing the total number of COVID-19...
 

Unlicensed California Agent Fined $20K Following Cease and Desist Order

Former insurance agent, Karen Marie Dondanville, 53, of Lake Forest, Calif., this week was ordered to pay the California Department of...
 
More West News »
 
 

International

 

Industry Underestimating COVID-19 Biz Interruption Losses: RenRe CEO

During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in 2021, the CEO...
 

Brazil Reinsurer IRB Rises 18% as Some Retail Investors Mimick GameStop

SAO PAULO - Brazilian reinsurer IRB Brasil Resseguros rose 18% on Thursday, closing at 7.67 reais, as some Brazilian retail investors...
 

Dutch Court Orders Shell Nigeria to Pay Damages from Oil Pipeline Leaks

A Dutch court has ordered Royal Dutch Shell Plc's Nigerian unit to compensate for oil spills in two villages over 13 years ago. Shell...
 

China Emphasizes Communist Party Leadership in Governance of Insurers, Banks

China's banking and insurance regulator issued draft rules on Friday in which emphasized stronger Communist Party leadership in both...
 

Businesses Should Take the Lead on COVID-19 Recovery, Climate Crisis: UN Chief

UN Secretary-General Antonio Guterres on Monday [Jan. 25] urged businesses to lead the way to a fair and sustainable recovery from the...
 

Insurtech Trov Partners with UFODRIVE to Insure London-Based Electric Vehicles

Trov, the San Francisco-based insurtech company, announced that UFODRIVE, a frontrunner in sustainable car rental, has selected Trov's...
 
More International News »
 
 
 
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Insurance Journal Blogs and Columns

 

Conventional Unemployment Insurance Does Not Work in the Gig Economy

Like those on the opposite coast, New York courts and administrative panels have recently found that Uber drivers qualify for...
 
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Research and Webinars

 
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How to Grow Your Agency While Increasing Efficiency

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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Broker Success Checklist

P&C brokers, are you helping your clients navigate their critical areas of risk? Businesses choose to work with brokers that...
 
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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...
 
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2021 In View: What to Expect as the Industry Transitions to the New Realities of a Post-COVID-19 World

As the insurance industry rebounds from a tumultuous 2020, we will see swift changes across a number of critical areas. In this...
 
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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...
 
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Reader Comments

 

Wrongful Death Suit Filed Against NRA, Gunmaker, Shooter Over Synagogue Attack

Posted: Mon Jan 25 -- There is only one person who is responsible and that is the person who pulled the trigger. Oh Goody
 

Biden Revokes Keystone XL Pipeline Permit; Construction Halted

Posted: Fri Jan 22 -- Symbolism? Big time. Job killing? Big time. (Sorry about you 11,000. people out of work today . . ) Climate saving? Not at all. The oil will... Craig Winston Cornell
 

Biden's Climate Accord Move Welcomed by World Leaders

Posted: Fri Jan 22 -- Symbolism! When Trump exposed the hollow promises of the Paris Climate Accord, it exposed all the world leaders pretending they had done... Craig Winston Cornell
 

Teen Accused of Stealing Nearly $1M from Georgia Supermarket

Posted: Mon Jan 25 -- Wow. I have never ever heard of a grocery bill that would have generated an $87,000 return for cash. What in the heck is this Kroger's store... reality bites
 

Biden Orders OSHA to Step Up COVID Workplace Safety Guidance, Enforcement

Posted: Fri Jan 22 -- This won't work unless there is one full time OSHA inspector in every business in America, to make sure those evil and heartless business... Craig Winston Cornell
 
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