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Today's Headlines

 
March 12, 2021
 
Today's Headline Sponsor: Berkshire Hathaway Specialty Insurance (BHSI)
 
Sponsored by: Berkshire Hathaway Specialty Insurance. Claims is Our Product. Click here for more information.
 
 

National

 

Ransom-Seeking Hackers Are Exploiting Flaws in Microsoft Email Software

Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft's widely used mail server software, the...
 

Insurance Safety Institute Finds Adaptive Cruise Control Raises Fatal Crash Risk

Adaptive cruise control systems on cars, which control braking and speed, raise the risk of traffic crashes because the technology leads...
 

Purdue Pharma's Sacklers Increase Opioid Settlement Offer to $4.3B: Reuters

Members of the Sackler family who own Purdue Pharma LP have offered roughly $4.3 billion to resolve sprawling opioid litigation, up from...
 

CRC, Pan-American to Offer Workers' Comp to Trucking Industry

A new partnership between specialty wholesaler CRC Group, 5Star Specialty Programs and life insurer subsidiary Pan-American Benefit...
 

$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley

Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial lines...
 

P/C Insurers Improved Profitability in Year of Coronavirus: AM Best

Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase...
 

Transactional Risk Insurance Hits Record High Despite Pandemic: Marsh

After a dramatic downturn in the second quarter of 2020 due to the coronavirus pandemic, merger and acquisition (M&A) deal volume soared...
 

Experts Expect Surge in Insurance Agency E&O Lawsuits in 2021

Insurance agents and brokers should prepare for a big agency errors and omissions (E&O) litigation wave to crash their shores in 2021....
 

Be Purposeful. Be Bold. Be Human.

"I remember this same story 10 years ago." The LinkedIn comment on our first-quarter magazine cover story, "Google's...
 
More National News »
 
 

Insurance Jobs

 

Regional Sales Manager - Countryway Insurance - Remote

 

Staff Attorney - Security First Insurance - Ormond Beach, FL

 

Daily Claims Adjuster - Frontline Insurance - Lake Mary, FL

 

Complex Claims Unit Manager - Frontline Insurance - Lake Mary, FL

 

Regional VP of Sales - Employee Benefits - Hub International Northwest - Bothell, WA

 

VP of Sales Development - Commercial Lines - Hub International Northwest - Bothell, WA

 

Commercial Lines Underwriter - Insurance Company - REMOTE - Work At Home Vintage Experts - Remote

 
 
 

East

 

Carrier Can't Subrogate Against Students Who Caused Dartmouth Dormitory Fire

An insurer that paid $4.5 million to Dartmouth College to restore a dormitory that was damaged by fire can't seek recovery from two...
 

New York Issues Letter to Regulated Entities Regarding Microsoft Exchange Breach

The New York Department of Financial Services' (DFS) Cybersecurity Division issued a March 9 letter to regulated entities regarding the...
 

Union Raises More Than $61K for Injured Shipyard Worker in Maine

The Machinists Union is providing more than $61,000 to help a shipbuilder recover from a gruesome injury at Bath Iron Works. Garrett...
 

The MEMIC Group Promotes Funk to President of the Eastern Region

The MEMIC Group, a Portland, Maine-headquartered workers' compensation insurance specialty carrier, has promoted Jeffrey Funk to the...
 
More East News »
 
 
 
adv
 
Register for IASA Xchange lite event!
 
Attend a 2-day event for insurance professionals. Kick off 2021 with 20 speakers, 2 keynotes, 2 fireside chats & exhibitors. Expand your insurance network with IASA.
 
REGISTER NOW
 
IASA
 
 
 
 

Midwest

 

South Dakota Senate Pushes Permissive Medical Pot Law, Defying Governor

South Dakota Gov. Kristi Noem's push to scale back a voter-approved measure to legalize medical marijuana was left clinging to life on...
 

Minnesota Power Outages Amid Snow, Rain, Hail

Heavy snow and high winds in northeastern Minnesota left hundreds without power and caused hazardous travel conditions while the...
 

Missouri Reform School Owners Charged with Abuse

The owners of a former Christian reform school for girls in southwest Missouri are charged with more than 100 counts alleging they...
 

Lawmakers Hear New Pitch for Medical Marijuana Legislation in Nebraska

A Nebraska lawmaker who is a leading supporter of medical marijuana has warned her fellow senators that the issue will likely appear on...
 
More Midwest News »
 
 
 
adv
 
History of Professional Lines Insurance
 
This book is your chance to sit down at a relaxing dinner with Larry Goanos and listen to him, and about 400 of his peers, friends, and rivals spin a few yarns.
 
Buy from Amazon
 
Academy of Insurance
 
 
 
 

Southeast

 

Florida Regulator to Hold Hearing for Proposed Citizens' Rate Increases

The Florida Office of Insurance Regulation will conduct a rate hearing on Monday, March 15 on proposed rate increases from Citizens...
 

Lawmakers Reviewing Alabama Medical Marijuana Legislation Passed by Senate

The Alabama House of Representatives began a lengthy review of medical marijuana legislation on Wednesday, requiring the bill to go...
 

Fajardo Joins JAG Insurance Group as Director of Marine Insurance

JAG Insurance Group (JAG), a South Florida-based commercial insurance agency with Florida offices in Coral Gables and Delray Beach, as...
 
More Southeast News »
 
 
 
adv
 
7 New Classes Announced!
 
March webinars are now live for the Academy of Insurance. March offerings include workers' comp, E&O, and our ever-popular Master classes.
 
See Whole Lineup
 
Academy of Insurance
 
 
 
 

South Central

 

Relation Insurance Services Enters Arkansas with Agency Asset Acquisition

Relation Insurance Services Inc. (Relation), based in Walnut Creek, Calif., has acquired the assets of The McKinney Group, dba McGhee...
 

Oklahoma Contractor Again Cited for Trenching Hazards, Fined $205.5K

Federal officials have cited an Oklahoma construction contractor for exposing its employees to trenching and excavation hazards,...
 

Hamilton Reappointed as Texas Public Insurance Counsel

Melissa Hamilton has been reappointed as public counsel for the Texas Office of Public Insurance Counsel (OPIC), which represents...
 

Security Firm to Pay $110K in Louisiana Pregnancy Discrimination Lawsuit Settlement

A Pennsylvania-based security company will pay $110,000 to settle a pregnancy discrimination lawsuit filed on behalf of an employee in...
 
More South Central News »
 
 

West

 

Former California Firefighter Faces Workers' Comp Fraud Charges

Daniel Clampitt, 41, of Denair, Calif., was arraigned on four felony counts including insurance fraud, grand theft and perjury for...
 

Oregon Lawsuits Seek $1B From Pacific Power over Wildfires

Two new lawsuits filed in Marion County, Ore., seek more than $1 billion in damages from Pacific Power, claiming the utility's negligence...
 

Alera Group Acquires Behling Insurance Agency in Utah

Alera Group has acquired Behling Insurance Agency Inc. in Utah. Terms of the deal were not disclosed. Behling provides personal and...
 

State Farm Returning $400M to California Auto Customers

State Farm is returning $400 million to California mutual auto insurance customers due to better than anticipated claim results, the...
 
More West News »
 
 

International & Reinsurance

 

France's AXA Drops German Power Giant RWE as a Client over Large Coal Operations

AXA SA, France's biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights how taboo the coal...
 

Insurer Sanlam Braces for More Virus Waves in South Africa

South Africa may still be short of the halfway mark of the pandemic even after two distinct waves of the coronavirus swept through the...
 

Credit Suisse Freezes More Supply Chain Finance Funds as Greensill Scandal Widens

Credit Suisse Group AG froze four more funds that invested in the bank's $10 billion supply chain finance strategy, adding to the...
 

How Dangerous Is Japan's Fukushima Nuclear Plant After 10 Years of Cleanup?

OKUMA, Japan - A decade ago, a massive tsunami crashed into the Fukushima Daiichi nuclear power plant. Three of its reactors melted down,...
 

China's Ant Group Issues Financial Self-Discipline Rules on Tighter Regulatory Oversight

BEIJING - China's Ant Group flagged a set of financial self-discipline rules on Friday amid intense scrutiny on its activities by...
 

Hiscox Promotes Patel to Head of Direct Commercial in UK

Specialist insurer Hiscox announced the appointment of Isha Patel to head of Direct Commercial within Hiscox UK. Patel joined Hiscox in...
 
More International & Reinsurance News »
 
 
 
adv
 
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.
 
Get the Book
 
Insurance Journal's Academy of Insurance
 
 
 
 

Research and Webinars

 
adv

The SEO Guidebook for Insurance Agents

Have you thought about how your insurance agency can be found online? Consumers have been turning to the internet to shop for...
 
adv

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...
 
adv

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

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...
 
adv

Broker Success Checklist

P&C brokers, are you helping your clients navigate their critical areas of risk? Businesses choose to work with brokers that...
 
More research and webinars »
 
 

Insurance Journal TV

 
adv

EP.9: Memory Lane: Returning to the Early Days of Cyber Coverage

With the sophistication of cyber attacks, claims growth, and now, a global pandemic driving an...
 
adv

Diversity, Resilience, Innovation: Altmaier's NAIC Priorities for 2021

Florida insurance chief David Altmaier has a busy year ahead, and it won't just include...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Call Center Agent Looking for Advice

Posted: Wed Mar 10 -- Thank you both so much for your advice. I truly appreciate it, all of your insight is incredibly valuable. Wabisabi
 
Go To Forums »
 
 

Reader Comments

 

Insurance Agents on the Front Line of Florida's Mounting Property Market Problems

Posted: Thu Mar 11 -- The "Unholy Quartet" of public adjusters, attorneys, water damage restoration contractors and roofers have absolutely and completely... Tiger88
 

Arizona High Court Rules Man Can Sue for Privacy Breach

Posted: Wed Mar 10 -- Although what the Costco pharmacist did was dysfunctional, I believe Costco should be able to erect a reasonable defense and avoid a stiff... Jimbo
 

Texas Businesses Now Must Decide: Require Face Masks or Not

Posted: Fri Mar 5 -- I can't believe I caught colon cancer at the grocery store because people were walking around without underwear on and kept farting in my... Rosenblatt
 

California Commissioner Says Insurers Overcharged Drivers During Pandemic

Posted: Thu Mar 11 -- I guess rates will now be determined by a seriously partisan commissioner, wonder how many companies will finally realize that California is... Bond
 

Judge Permits Suit Alleging Geico Overcharged Drivers During Pandemic

Posted: Mon Mar 8 -- Geico: 15 months of COVID can cost you 15% or more on car insurance. Placement GURU
 
Go To Popular Comments »
 
 
 
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