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July 2, 2021
 
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National

 

P/C Insurers Defend Ransomware Reimbursements in New Cyber Principles

The nation's largest property/casualty insurance organization is defending ransom payment reimbursements by insurers in a new set of...
 

Boys Scouts Reaches $850M Settlement With Group of Sex Abuse Survivors

The Boy Scouts of America reached settlement with a major group of sex-abuse survivors, a defining moment in the organization's...
 

Insurers' Own Infrastructure Could Be Text Targets of Cyber Criminals

As "the next digital pandemic," cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert....
 

The Regulatory and Legal Risks Facing Online Broker Robinhood

Robinhood Markets Inc, the online brokerage at the center of this year's retail trading frenzy, disclosed on Thursday previously...
 

Biden Calls Heat Wave a 'Wake-Up Call' on Climate Change, Commits to More Firefighters

The Biden administration said Wednesday it is hiring more federal firefighters -- and immediately raising their pay -- as officials ramp...
 

Tesla Auto Caught Fire During Driving, Lawyer Alleges

A Tesla Inc. Model S Plaid electric vehicle burst into flames on Tuesday while the owner was driving, just three days after the $129,900,...
 

AIG Releases Its First Environmental, Social and Governance Report

The International Renewable Energy Agency says a surge in private lending for renewable energy projects this decade is a must in order to...
 

How Army Veterans Create an InsurTech

"Legitimizing the Shared Economy." The phrase, with a trademark symbol at the end of it, is the first thing visitors see...
 
More National News »
 
 
 
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Mortgage Guaranty Insurer For Sale
 
Domiciled in Arizona, widely licensed in 48 states & the District of Columbia. Only a small book of New York business remaining with strong loss reserve.
 
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East

 

Pennsylvania Governor Wolf Signs Off on Revisions to State's Medical Pot Law

Medical marijuana patients can continue to get a three month's supply at a time, rather than one month's, under revisions to the...
 

New Hampshire Insurance Department Investigates 18 Insurance Fraud Cases

The New Hampshire Insurance Department has announced that it investigated and submitted for criminal prosecution a total of 18 insurance...
 

New York Regulator Issues New Guidance on Growing Ransomware Threat

The New York State Department of Financial Services (DFS) has issued new guidance on preventing ransomware attacks. In the guidance, DFS...
 
More East News »
 
 

Insurance Jobs

 

Statutory Consultant - SS&C Technologies, Inc. - Remote

 

Insurance Sales Representative - Brightway Insurance - Jacksonville, Florida (remote applicants in Florida and Georgia may be considered)

 

Commercial Insurance Sales Executive or Producer Trainee - Landscape Contractors Insurance Services, Inc. - California

 

Personal Lines Umbrella Underwriter - Insurance Company - Work At Home Vintage Experts - Remote

 

Social Media Manager - AdjusterTV - Remote

 
 
 

Midwest

 

OSHA Cites Missouri Grain Facility $215K Following Dust Explosion That Severely Injured Worker

OSHA has cited a Missouri grain-handling facility for one willful and six serious safety violations, and proposed penalties of $215,525....
 

People Moves: Omaha National in Nebraska Announces Two New Hires, Promotion

Omaha National Insurance Company has added Jim Hempel as general counsel and David Bird vice president, accounting. Additionally, Derrald...
 

Company Defends Use of Toxic Chemicals to Fight Illinois Plant Fire

A company whose northern Illinois chemical plant was heavily damaged in a fire defended its use of firefighting foam containing toxic...
 
More Midwest News »
 
 

Southeast

 

Economist Says Huntington, West Virginia Opioid Response Will Cost $2.5 billion

A 15-year plan to abate the opioid crisis in a West Virginia community will cost local officials $2.5 billion, a forensic economist has...
 

Technology Experts to Analyze Cause of Surfside Condo Collapse

A team of technical experts from the federal government and outside specialists are going to gather building material samples and study...
 

Environmentalists To Sue West Virginia Over Pollution At Greensdale Coals Site

A group of environmentalists said Tuesday it intended to sue West Virginia over evidence of pollutants running into waterways from a coal...
 
More Southeast News »
 
 

South Central

 

Governor Signs 4 Bills Impacting Texas Windstorm Insurer

Numerous measures relating to the Texas Windstorm Insurance Association were filed in the Texas Legislature in 2021 and four made it to...
 

The Texas Department of Insurance Issued a Notice about New Online Agent Exams

The Texas Department of Insurance issued a notice this week of the availability of a new option to take a certification exam at your home...
 
More South Central News »
 
 

West

 

PG&E in California Seeks $3.6B in Rate Hikes for Wildfire Safety

Pacific Gas & Electric asked regulators Wednesday to grant a $3.6 billion rate hike to help it pay for hardening its power systems to...
 

California Firefighters Battling Growing Wildfires

Hundreds of firefighters labored this week in high heat on the lines of big wildfires in the forests of far northern California as many...
 

California City is Requiring Gun Owners to Carry Liability Insurance

San Jose, Calif., officials have passed a new law that requires gun owners to carry liability insurance and pay a fee to cover taxpayers'...
 

Washington Labor Department Says Data of Some Workers May Have Been Exposed in Contractor Incident

The Washington state Department of Labor & Industries is reporting that it was recently notified that one of its contractors, Pacific...
 
More West News »
 
 

International & Reinsurance

 

Tech Giants' Move into Indian Financial Services Poses Stability Risk: Central Bank

India's central bank warned about the growing presence of technology giants in the country's digital financial services and payment...
 

Indian Fintech Startup Aims to Win Insurance Clients with Fresh $200M Funding Round

Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort to win...
 

South Korean Insurtech Carrot Doubles Capital with $90 Million Rights Offering

Carrot General Insurance Corp., South Korea's first digital-only insurance provider, announced that it has raised 100 billion won...
 

Gallagher Acquires 100% Stake in India's Edelweiss Gallagher Insurance Brokers

Gallagher announced the acquisition of Edelweiss Gallagher Insurance Brokers Ltd. (EGIBL) from Edelweiss Group, one of India's leading...
 

People Moves: PartnerRe's Hanhart to AXIS Re; Zurich Names Verkerk to New Role of Chief Platform Officer; PwC's Maxwell to MS Amlin as CRO

These International People Moves include appointments at AXIS Re, Zurich Insurance Group and MS Amlin. Details of these new hires...
 
More International & Reinsurance News »
 
 

Insurance Journal Blogs and Columns

 

Florida Rejects PIP Reform Again

It might be shocking, but not only do I work for the fine people who publish Insurance Journal, but I read Insurance Journal. I'm...
 
More Blogs »
 
 

Research and Webinars

 
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93% of chronic sinus infections have been attributed to mold, learn more.

Indoor mold is potentially dangerous and destructive – you don't want it in your home or business! Mold is found everywhere...
 
research

The Challenges of Insurance for the Cannabis Industry

For brokers to successfully tap into cannabis-related business opportunities and ensure their clients have the right coverage, a...
 
research

Risk Management Checklist

Businesses choose to work with brokerage firms that make them smarter, protect them from risk, and generally, make life easier....
 
research

OSHA Top 10 for Brokers

Brokers, help your insureds avoid the most frequently cited violations. OSHA citations. They're rampant, they hide in plain...
 
research

Detecting trends and customer pain points with AI and MI.

This compelling report by Harvard Business Review Analytic Services on the Future of Customer Experience in Insurance addresses...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 27: These Cannabis Questions Must Be Answered in Final Six Months of 2021

At the half-way mark in 2021 as we emerge from the pandemic, one has to wonder what the rest...
 
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EP. 17: Leading by Example: How Insurers Can Manage Cyber Risk Within Their Own Operations

Insurers often advise clients on cyber resilience, however, many in the industry overlook...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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