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Today's Headlines

 
March 26, 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

 

Regulators Weigh Model Law for Pet Insurance to Address Consumer Peeves

U.S. insurance regulators are close to creating a legal standard for pet insurance that would address long-standing consumer complaints...
 

White House to Require Software Firms to Disclose Breaches to Government Customers

A planned Biden administration executive order will require many software vendors to notify their federal government customers when the...
 

Bail Bond Insurance Industry Spends to Defend Profitable Business Against Critics

Insurance companies have spent $17 million to defeat proposals to weaken or abolish the for-profit bail industry in the United States, a...
 

When Lights Go Out as They Did in Texas, Insurance Coverage Could Turn On

The power was still off in Texas last month when rating agencies began predicting that the weather-related catastrophe would cause...
 

Supreme Court Rejects Ford Stance in Product Liability Venue Dispute

The U.S. Supreme Court on Thursday unanimously ruled against Ford Motor Co. in a case in which the second-largest U.S. automaker had...
 

Insurtech Funding News: $118M for Pie; $30M for Snapsheet

There have been two notable funding rounds by insurtechs this week. Workers' compensation provider Pie Insurance has raised $118 million...
 

People Moves: Kinsale's Secor to Hamilton's New U.S. Unit; Marsh Names Quintal, McLellan Financial Lines Leaders

Marsh and Hamilton announced several professional appointments this week. Hamilton Insurance Group, Ltd. has appointed Jamie Secor as...
 

An Insurance Executive's COVID-19 Survival Story

In early January 2021, Andrew Rear's health took a turn for the worse. After suffering two weeks with COVID-19, the...
 
More National News »
 
 
 
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East

 

Former New York Postal Worker Sentenced for Workers' Comp Fraud

A former postal employee has been sentenced to serve three years on probation for workers' compensation fraud. Christine O'Neill, 61, of...
 

Judge Lets Massachusetts Claims Over Uber, Lyft Driver Classification Proceed

A Massachusetts judge on Thursday denied a bid to dismiss a lawsuit by the state's attorney general challenging Uber's and Lyft's...
 

Element Risk Management Acquires Henderson Insurance, Our Legacy Insurance

Element Risk Management has acquired Henderson Insurance of Harrisburg, Pennsylvania, and Our Legacy Insurance of Front Royal, Virginia....
 
More East News »
 
 
 
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Midwest

 

U.S. Supreme: Accident Victims Can Sue Ford in Minnesota, Montana State Courts

The Supreme Court has ruled that Michigan-based Ford Motor Co. can be sued in the state courts of people who were killed or seriously...
 

Kansas AG: Roofer Fined $110K, Must Repay More Than $8.3K in Resititution

A Salina roofer has been ordered to pay more than $8,300 in restitution and fined $110,000 for violating the Kansas Consumer Protection...
 

Minnesota Recreational Marijuana Bill Advances in House

Minnesota lawmakers have advanced a proposal that would allow recreational marijuana use for adults and automatically expunge minor...
 

North Dakota Seed Company to Pay $225K OSHA Penalty After Employee Injury

A Fargo, N. D., birdseed production company has reached a settlement with a federal agency that investigated a severe and life-altering...
 
More Midwest News »
 
 
 
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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
 
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Southeast

 

Fate of Florida Insurance Reforms Uncertain as Lawmakers Weigh Industry-Backed Bills

Two bills designed to deal with Florida's crumbling property insurance market have embarked on divergent paths in the state legislature...
 

State of Emergency Issued in Alabama After Tornadoes Sweep Region

Alabama Gov. Kay issued a state of emergency yesterday after numerous tornadoes caused damage and deaths across the state. Ivey said on...
 

Proposed S. Carolina Bill Cracks Down on Pellet Producers Polluting Water

South Carolina senators are considering legislation to crack down on companies that pollute the state's waters with tiny plastic pellets....
 

Southeast Brokers Sterling Seacrest Partners, Pritchard & Jerden to Merge

Sterling Seacrest Partners, Inc. and Pritchard & Jerden announced they will merge and operate as Sterling Seacrest Pritchard. According...
 
More Southeast News »
 
 
 
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South Central

 

First Louisiana Insurance Is Now a Higginbotham Company

Fort Worth, Texas-based Higginbotham has partnered with First Louisiana Insurance, an independent agency located in Baton Rouge,...
 

South Central People Moves: Texas' BSBD Group Adds Williamson as VP

Dallas-based independent retail brokerage firm, Boyd, Shackelford, Barnett & Dixon (BSBD Group). has hired Lad Williamson as vice...
 

At Least 111 Texans Died in During Winter Storm; Most from Hypothermia

At least 111 Texans died as a result of the February 2021 winter storm, according to updated numbers released on March 25 by the state...
 
More South Central News »
 
 

Insurance Jobs

 

Commercial Lines Account Manager - Carroll Insurance Agency - Houston, TX

 

Innovator - Frontline Insurance - Lake Mary, FL

 

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

 

Customer Service Representative/Agent - D Marcus Ins - West Kendall, FL

 

Insurance - Commercial Lines Accounts Manager - San Diego, CA or Remote - B.H. Gold Insurance Agency, Inc. - San Diego, CA

 

Regional Account Executive - ClassicPlan Insurance Premium Finance - Northern L.A. and Ventura Counties

 

Assistant Commercial Lines Account Manager - Riseamg - Houston, Texas

 
 
 

West

 

U.S.C. Paying $1.1B to Patients of Gynecologist in Alleged Abuse Cases

The University of Southern California on Thursday announced a settlement for $852 million, bringing the total to $1.1 billion going to...
 

Former Student Accuses Washington Teacher of Sex Abuse

A woman has accused her former teacher of sexual abuse in a lawsuit filed against the Marysville School District. The lawsuit accuses...
 

Contractor Fined $74K Over Asbestos-Tainted Debris at Oregon Site

A company has been fined over $74,000 for improperly sending asbestos-tainted debris to a landfill in Southern Oregon. The Oregon...
 

Arizona City's Computer System Slowly Recovering From Cyberattack

Officials in Kingman say the city's computer system is slowly getting back to fully operational after a recent cyberattack. The city also...
 
More West News »
 
 

International & Reinsurance

 

Suez Canal Blockage Could Cost Global Trade $6B-$10B per Week: Allianz

BERLIN - The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer...
 

Update: Allianz to Purchase Aviva Poland for $2.9 Billion, Winning Bidding War

Allianz SE, Europe's largest insurer, is to purchase the Polish operations of Aviva Plc for 2.5 billion euros ($2.9 billion). The deal...
 

Private Equity Firm CVC Nears Deal to Buy Insurance Arm of National Bank of Greece

CVC Capital Partners is nearing a deal to acquire National Bank of Greece SA's insurance business after a years-long search for a buyer,...
 

City of London Is Realizing that EU Will Limit Access for Financial Services: Lawmaker

LONDON - There is a growing realization that Britain should not wait for unlikely European Union access for financial services but get on...
 

Gender Pay Gap in Australia Is Worst in Insurance and Finance Industries: Study

Australia is losing momentum in efforts to bring equality to the workforce, with a new study finding that it will probably take another...
 

Brokerslink Expands in Balkans with Addition of Broker in Bosnia and Herzegovina

Global broking network, Brokerslink, has further expanded its presence in the Balkan Peninsula with the addition of independent broker...
 

RSA Names Former Aviva Executive Hodges as Chair of UK, International Businesses

RSA has named appointments for chair and CFO of its UK and International business entities, following the completion of Intact Financial...
 

Container Ship Could Block Suez Canal Like a 'Beached Whale' for Weeks

ISMAILIA, Egypt - A huge container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said,...
 
More International & Reinsurance News »
 
 
 
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Research and Webinars

 
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Your Next Niche - Renewable Energy Sector

Now that the 2020 election is behind us, it is predicted that we'll likely see even greater growth in renewables with the Biden...
 
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Learn how insurtech is solving common issues for independent agents.

Historically, it's been difficult for independent agents to profitably place commercial lines, but insurtech is quickly changing...
 
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Digital Handshake, Ready to Go Automation and More, with Steve Anderson

Watch Now On Demand: As an independent agent, navigating through the insurance industry can be frustrating, especially in an...
 
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Streamline, Standardize, Sell More

Surviving as an independent agent is no longer the name of the game. Modern agencies want to grow their business more than...
 
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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...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 10: Insurance Industry Stepping Up as Cyber Risks Mount for High-Net-Worth

Cyber attacks can strike any individual or business at any time, but on this episode of the...
 
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InsureTech Connect Leader Targets Future of Work

Investor Caribou Honig is looking at opportunities in the "1099 economy" - legions of...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

Citizens' CEO: Florida Property Insurance Market is Shutting Down

Posted: Fri Mar 19 -- For some reason companies have had very little luck challenging/fighting the non-meritorious claims filed by roofers and I can't understand... SWFL Agent
 

Scientists Say Advanced Nuclear Reactors Not Safer Than Conventional Plants

Posted: Mon Mar 22 -- Not to worry. The solution for climate change will be for all of us to live in caves and reduce our standards of living by 50-80%. The... Dave
 

Chubb Bids for Significant Scale Including The Hartford's 'Crown Jewel'

Posted: Mon Mar 22 -- They always talk about “significant scale”, but that always leads to job losses. James
 

Chubb's Offer to Acquire Rival Hartford: $23.2 Billion

Posted: Fri Mar 19 -- From an agent's perspective, I'm not a fan. Chubb/Ace is more of a broker carrier than an agency carrier, and acquiring a settled and... Paul
 

Chubb Explores Acquisition of $22 Billion Rival Hartford: Bloomberg

Posted: Fri Mar 19 -- Could we have less name-calling here? This isn't Facebook, it's supposedly a forum for professionals in the insurance industry. CarrierGuy
 
Go To Popular Comments »
 
 
 
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