Insurance Journal
 
 

Today's Headlines

 
June 4, 2021
 
Today's Headline Sponsor: Burns & Wilcox
 
 
 
adv.
 
Big-picture thinking & fine-point focus
 
Get complete solutions with the flexibility to meet any size ask — no matter how large, complex or hard to place.
 
Let's Solve It
 
Burns & Wilcox
 
 
 
 

National

 

Insurers Must Totally Reassess Approach to 'Grim' Cyber Insurance Market: AM Best

With the cyber risk hazard environment--ransomware, business interruption and aggregation--worsening significantly, "prospects for the...
 

P/C Insurers' Underwriting Income Fell 53% in First Quarter: AM Best

The U.S. property/casualty (P/C) industry saw its net underwriting income fall in first-quarter 2021 by 53% as compared with the same...
 

$6.4 Billion Suit Claims Bristol-Myers Delayed Cancer Drug to Avoid Shareholder Payment

Bristol Myers Squibb Co. was sued for $6.4 billion on Thursday for allegedly delaying its Breyanzi cancer drug to avoid payments to...
 

National Security Chief Warns Firms to Boost Cybersecurity as Ransomware Surges

The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware...
 

Ascot, Highland to Offer U.S. Builders Risk Program

Ascot as a partnered with Highland Insurance Solutions LLC, a subsidiary of WNC Insurance Services Inc. to provide a builders risk...
 

Despite Less Driving During 2020 Pandemic, Traffic Deaths Were Highest In 13 Years

Even though Americans drove less in 2020 due to the pandemic, early estimates of crash fatalities from the U.S. Department of...
 

U.S. Insurers Lag Euro Counterparts in Climate Rating Report

Legislation to provide farmers with tools to help New York efforts to mitigate the impacts of climate change is making its way through...
 

Kin Insurance Funding Tops $69 Million as Pro Golfer McIlroy Joins Investors

A few weeks after a report that it is in talks to go public, home insurance startup Kin announced its newest funding from Symphony...
 

Insurance Journal's Agency Partnership News Wrap-Up

BKCW in Texas Joins Insurors Group Insurors Group LLC, an alliance of independent insurance agents in Texas, has added BKCW LP, located...
 

Tough Times Continue for Medical Professional Liability Market

Despite a slight improvement in net income in 2020, U.S. medical professional liability (MPL) insurers saw their sixth consecutive year of...
 

Do Reinsurers Rule The Industry?

"If you're an insurer today, and you're really good at underwriting, you should evolve into being a reinsurer and...
 
More National News »
 
 

Insurance Jobs

 

Deputy Insurance Commissioner - Legal Affairs - Office of the Insurance Commissioner - Tumwater, WA

 

Property Liability Claims Supervisor - CIS (Citycounty Insurance Services) - Tigard, Oregon (Oregon telecommuting options are available)

 

Commercial Lines Rater / Rating Technician - Insurance Company - Work At Home Vintage Experts - Remote

 

Commercial Lines Producer - George Petersen Insurance - San Rafael

 

Actuary I - MAPFRE Insurance - Remote (or near Webster, MA Campus)

 
 
 

Featured Events

 
The Future of Insurance USA 2021

The Future of Insurance USA 2021

June 22 / virtual
 
Global Insurance Symposium

Global Insurance Symposium

June 28 / Hybrid
 
 
 

East

 

Florida, Virginia Among Top Coastal States in Insurance Safety Rating of Building Codes

Florida has again taken the top spot for strongest building code with Virginia right behind in second place. That's according to the 2021...
 

Collision on Aisle 5: Jury to Decide Tastykake Grocery Crash

A jury must decide whether a grocery store should be held liable for a collision between a vendor's snack food cart and a shopper riding...
 

New York Transit Officials Confirm Cyberattack; Say Harm Limited

Hackers infiltrated computer systems for the Metropolitan Transportation Authority in New York, setting off a scramble to counter a...
 

AM Best Revises Outlooks to Negative for Members of NLC Insurance Companies Pool

AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of A- (excellent) and the long-term...
 
More East News »
 
 
 
adv
 
Hurricane Season Is Here
 
We're ready. Make sure your customers are too. Share these simple storm safety tips and checklists.
 
PREPARE NOW
 
SWYFFT
 
 
 
 

Midwest

 

People Moves: Domek Joins HOAIC in Illinois; United Heartland Promotes Richeson in Kansas City; Liberty Mutual, Safeco Name Meuret Midwest Field Exec

HOAIC Homeowners of America Insurance Co. (HOAIC), an Irving, Texas-based property/casualty insurance provider, has added Paul Domek as a...
 

Man Blinded by Bean Bag in Cleveland Racial Protest Sues Sheriff's Deputy

A man hit in the face with a bean bag that left him blind in one eye during a racial injustice protest in downtown Cleveland, Ohio, a...
 

Illinois Court: Insurer Has 'Duty to Defend' in Biometric Information Privacy Case

The Illinois Supreme Court recently sided with a policyholder seeking defense from its insurer for a lawsuit brought by a customer of a...
 
More Midwest News »
 
 

Southeast

 

Florida, Virginia Among Top Coastal States in Insurance Safety Rating of Building Codes

Florida has again taken the top spot for strongest building code with Virginia right behind in second place. That's according to the 2021...
 

Propel Insurance Acquires South Carolina's South Risk Management

Propel Insurance, a privately-owned insurance agency and portfolio company of Flexpoint Ford, has acquired South Carolina-based South...
 

Security First to Offer New Homeowners Coverage in Florida

Security First Insurance, one of the largest private homeowners insurers, has launched its Homeowner's Premier HO5 policy. Floridians...
 

Fired North Carolina Deputy Sues County Sheriff Over Vaccine Mandate

A former North Carolina deputy is suing a sheriff over his requirement for employees to get a COVID-19 vaccine. Christopher Neve, the...
 

Florida Changes Driving Rule on Using Hazard Lights

TALLAHASSEE, Fla. --For years, Florida has been reminding motorists not to use flashing hazard lights while driving. Well starting soon,...
 
More Southeast News »
 
 

South Central

 

AM Best: Outlooks Revised to Negative for Southern Vanguard Insurance

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term...
 

TAGA Partners with Main Street America on Texas Farm/Ranch Coverage

Cedar Park, Texas-based Tejas American General Agency (TAGA) has formed an exclusive partnership with Main Street America Insurance, a...
 

Arkansas Commissioner: Insurers Can't Mandate Use of Designated Auto Repair Shop

Arkansas Insurance Commissioner Alan McClain is reminding insured Arkansans seeking automobile repairs that insurance companies cannot...
 
More South Central News »
 
 

West

 

Washington Organization Investigating Sexual Misconduct Complaints

Board members at Casa Latina, a decades-old organization founded to empower immigrant workers and provide job and educational...
 

Idaho Family Pondering Suit over Teacher Having Students Push Girl Down Stairs

Parents of a Twin Falls middle school student have filed a tort claim against the school district, contending that the girl was injured...
 

Judge Dismissed Utah Jazz Fan's Suit Over Taunting Incident

A lawsuit against the Utah Jazz by a fan who was banned for life from the team's arena over what were called racial taunts directed at...
 

California City Paying $900K to Elderly Woman in Crash with Fire Engine

San Diego, Calif., will pay $900,000 to an 82-year-old woman whose foot and ankle were crushed when her car collided with a city fire...
 
More West News »
 
 

International & Reinsurance

 

Key Stage of Nord Stream 2 Gas Pipeline Completed but Insurance Needed

Russian President Vladimir Putin said a key stage of a gas pipeline to Germany that the U.S. targeted for sanctions had been carried out,...
 

Generali, Allianz Are Among Suitors for NN Group's Asset Manager Arm: Sources

DWS Group and Assicurazioni Generali SpA are among suitors that submitted initial bids this week for the asset management arm of NN Group...
 

Winners Announced for 6th Annual Efma-Accenture Innovation in Insurance Awards

The winners of the sixth annual Innovation in Insurance Awards have been announced by Efma and Accenture, which jointly established the...
 

Canadian Fintech Company Ratehub Launches Insurance Brokerage

Canadian fintech company Ratehub Inc. has launched a property/casualty (P/C) brokerage called RH Insurance. Toronto-based Ratehub, which...
 

Willis Towers Watson Collaborates on Hurricane Insurance for Endangered Coral Reef

Insurance broker Willis Tower Watson announced the launch of a multinational partnership to develop and implement insurance solutions...
 

Canada's Economical Insurance Launches Platform to Simplify Brokers' SME Placements

Economical Insurance has introduced Vyne Commercial, a new digital platform and an expanded product offering, which is designed to...
 

People Moves: AXA's Sayce to AGCS as Head of Cyber; AGCS' Drubhra to HDI; Amwins Hires Miller's Johnson, AFL's Ritson, Nationale Nederlanden's Dekker

This wrap-up of international People Moves includes appointments at Allianz Global Corporate & Specialty (AGCS); HDI Global SE UK &...
 
More International & Reinsurance News »
 
 

Research and Webinars

 
research

Discover how to address the emerging risks challenging your nonprofit clients

Discover forward-thinking approaches to address the emerging risks challenging your nonprofit clients and prospects. Nonprofits...
 
research

Discover how data and analytics can uncover maximum carrier commissions potential.

Data and analytics are transforming the insurance industry, and independent agencies have the perfect opportunity to transform...
 
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

Commercial auto loss results have worsened in recent years

Video and telematics technology can be a significant benefit to your clients. Understanding the true value of technology...
 
research

Discover ways to help your commercial auto clients control losses

Loss control is one of the most underutilized services by agents and brokers in the commercial auto industry.  Understanding...
 
More research and webinars »
 
 

Insurance Journal TV

 
adv

EP. 15: Experts Call Colonial Pipeline Attack a Wake-Up Call, Say Bigger Attacks Could Be Ahead

Cyber experts are saying that the Colonial Pipeline attack, in which ransomware took down...
 
adv

Florida Insurance Commissioner Optimistic About Property Reforms

It was a busy legislative session for the Florida Office of Insurance Regulation, with...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
Contact us | Subscribe | Send to a Friend
 
This email was sent to [email protected].
 
Don't want this anymore? Update your subscription or unsubscribe from all lists.
 
Insurance Journal
3570 Camino del Rio North, Suite 100
San Diego, CA 92108
(800) 897-9965
Insurance Journal | Claims Journal | MyNewMarkets | Academy Of Insurance | Carrier Management