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Today's Headlines

 
January 8, 2021
 
Today's Headline Sponsor: Berkshire Hathaway Specialty Insurance (BHSI)
 
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National

 

Taxpayers, Not Insurance, to Cover Costs of Capitol Damage by Trump Mob

U.S. taxpayers will be on the hook for damage from a mob attack on the U.S. Capitol in Washington on Wednesday because the building and...
 

Biden's Choice for Labor Secretary -- Boston's Mayor Walsh-- Signals Pro-Worker Policy

President-elect Joe Biden announced Thursday that he has named Boston Mayor Marty Walsh to be labor secretary. If confirmed by the...
 

Personal Auto Insurance Rates Fall Across the County: Value Penguin

Auto insurance rates are falling across the country an average 1.7 percent, with drivers in Michigan, Ohio, Kentucky, Arkansas and...
 

Amalgamated Life's Dunkin Becomes RIMS President for 2021

The risk management society RIMS announced that Ellen R. Dunkin will lead the organization as president for the 2021 term, which began...
 

Why Even Bezos-Buffett-Dimon Dream Team Couldn't Fix Health Care: Viewpoint

It would be hard to think of a better team than the world's richest man, one of its top bankers and the most esteemed investor of our...
 

Goosehead Insurance Fires Employee Who Participated in Storming of Capitol

Texas-based personal lines insurance agency Goosehead Insurance has fired an employee who participated in the storming of the Capitol...
 

Cities Are Stepping up Their Own Greenhouse Gas Battles

Long Beach, Calif., this week took a step in a plan to reduce local greenhouse gas emissions. The city council on Tuesday heard an update...
 

Lloyd's Perspective on the U.S. Property Insurance Environment

While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd's market who were in the process of...
 

Rise and (Help Others) Shine

What wakes you up every morning? Your alarm clock? The neighbor's (or your) barking dog? Sunrise through your window? A...
 
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East

 

Federal Appeals Court Upholds Dismissal of Suit Over Delaware Firefighter Deaths

A federal appeals court has upheld the dismissal of a lawsuit against the city of Wilmington and several former city officials stemming...
 

Navarro Sworn in as 37th Commissioner of the Virginia State Corporation Commission

Angela L. Navarro was sworn in January 5, 2021, as the 37th commissioner of the Virginia State Corporation Commission (SCC). Navarro was...
 

Connecticut's Signal Administration Appoints Kirk as Chief Financial Officer

Signal Administration, a Wilton, Conn.-based provider of Longshore and Harbor Workers' Compensation Act benefits, has appointed Carole V....
 
More East News »
 
 
 
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Midwest

 

Repairs Planned for Iowa Train Depot Damaged in Derecho

Officials in Marion, Iowa are set to approve a plan to repair the city's historic train depot that was heavily damaged in last summer's...
 

South Dakota Bar Warns Attorneys About Counseling Pot Sellers

The South Dakota State Bar Association is advising attorneys against providing legal services to businesses seeking to produce or sell...
 

Wisconsin's SECURA Insurance Converts to Mutual Holding Company

Policyholders of Neena, Wisc.-based Secura Insurance, a mutual company, have voted to approve the company's plan to restructure to a...
 

Dee Promoted to Asst. VP, Controller at American Financial Group in Ohio

Cincinnati, Ohio-based American Financial Group Inc. has promoted Robert (Bob) A. Dee to assistant vice president and controller. Dee...
 

Midwest Economy Improving but Businesses Less Optimistic, Survey Finds

The economy continues improving in nine Midwest and Plains states but business leaders are less optimistic after the latest surge in...
 
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Business Income Insurance Demystified
 
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Southeast

 

Nashville Businesses Await FBI Decision On if Bombing Was Terrorist Act

The FBI investigation into whether the Nashville bombing was a terrorist act has sparked criticism about a possible racial double...
 

BevCap Management Forms Onshore Captive Domiciled in North Carolina

BevCap Management, LLC (BevCap), an alternative risk program manager with captives domiciled both on and offshore, has formed HatterasRe,...
 

Gallagher's Centeno Joins Lockton in Florida

Lockton Companies has hired Michele Centeno as a senior vice president in its Fort Lauderdale, Fla., office. In her role, Centeno will...
 
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South Central

 

Texas Bills Push Tougher Chemical Tank Rules to Stem Explosions, Spills

Deer Park, Texas, residents sheltered in place. The Houston Ship Channel shut down. Toxic chemicals spilled during Hurricane Harvey. And...
 

Pandemic-Era Mardi Gras Lack Crowds, But Plenty of Cake

A subdued Carnival season began Wednesday after the coronavirus pandemic put an end to the crowd-heavy balls and street parades that draw...
 

Oklahoma Lobbyists to Pay $115K in Ethics Settlement

Two Oklahoma lobbyists have agreed to pay $115,000 in penalties as part of a settlement announced by the Oklahoma Ethics Commission. The...
 
More South Central News »
 
 

West

 

NIF Group Acquires Pacific Coast E&S in California

NIF Group, and its parent company, Jencap Group, have agreed to acquire the assets of Pacific Coast E&S Insurance Services in Santa Rosa,...
 

California Suspends 1.4M Virus Unemployment Claims

California has frozen 1.4 million unemployment claims as it battles fraud in its massive coronavirus unemployment relief program, it was...
 

Palomar in California Names Johnson Chief Talent & Diversity Officer

La Jolla, Calif.-based Palomar Holdings Inc. has named Michelle Johnson chief talent and diversity officer. Johnson was previously senior...
 

CIC of New Mexico Sues to Enjoin California Department of Insurance from Interference

California Insurance Company of New Mexico has filed suit in federal court to enjoin the California Insurance Department from continuing...
 

Cannabis Broker Spotlight: Sherman with PSA Saw Cannabis as Natural Step from Professional Liability

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

 

Earth Draws Closer to Climate Change Tipping Points After Another Year of Record Heat

Another year of record-high heat punctuated a decade-long increase in global temperatures that has placed the Earth's economies...
 

Deadly Landslide in Norway Will Cost Insurers at Least $107 Million

COPENHAGEN, Denmark (AP) - A landslide that swept away homes in a residential area north of the Norwegian capital will cost insurance...
 

UK Must Avoid Being a 'Mere Taker' of EU Financial Services Rules in Return for Access

Britain should not submit to the European Union's financial services rules just to get better access to the bloc's market after Brexit,...
 

European Companies to Seek Chinese Assets in Sectors Such as Insurance, Healthcare

European companies are expected to hunt for assets in China, mainly in insurance, healthcare and automobile sectors, after the world's...
 

Blast at Chinese Battery Recycler Draws Attention to Industry's Supply Chain Risks

China's biggest battery manufacturer has urged a focus on safety issues after an explosion at a recycling affiliate, which has drawn...
 

UK Fines MT Global $32 Million for Money Laundering Breaches

Britain's tax authority has slapped a record 23.8 million pound ($32.4 million) fine on MT Global Ltd, a private money services business,...
 
More International News »
 
 
 
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Understanding Business Income
 
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Insurance Journal Blogs and Columns

 

One Catastrophic Failure to Manage Risks

Wednesday, January 6, 2021, was a historic day in the US. It could have been historic because the US Congress was voting to certify an...
 
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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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7 Ways Insurers Should Use Technology to Augment Their Teams

For the Insurance industry, digital transformation has shifted from the 3 - 5 year plan to the 6 month plan. That transformation...
 
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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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How are Insurtechs and Technology Influencing Distribution Strategies?

It has never been more evident that traditional paradigms no longer serve the insurance industry or its customers. To understand...
 
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

 

Drugmakers Plan to Raise Prices in New Year: Reuters, 3 Axis Advisors

Posted: Mon Jan 4 -- Now that they know Biden is in office, they will clean house and we will go back to the old system where the USA will subsidize the rest of... Agency
 

Florida Court Upholds Policyholder Right to Assign Benefits

Posted: Tue Jan 5 -- These types of cases (AOB, inflated attorney's fees, unauthorized work repairs before inspections) have to start trending insurance... Tiger88
 

Ethics and Insurance Fraud

Posted: Thu Jan 7 -- A well meaning opinion. But the evidence does not connect ethical behavior and success. In fact, our business is filled with people who... Craig Winston Cornell
 

North Carolina CEO Sues Over 'Faulty' Windows, Doors in $16M Home

Posted: Wed Jan 6 -- If the owner of the home were a controller or HR manager or some other rank and file person, would this story merit any attention at all? If... Craig Winston Cornell
 

Amazon, Berkshire, JPMorgan Closing Down Joint Healthcare Venture

Posted: Tue Jan 5 -- This is actually quite amazing. 3 of the largest and most respected big corporations in the world decided to attack one of the big problems... Craig Winston Cornell
 
Go To Popular Comments »
 
 
 
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