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Today's Headlines

 
May 21, 2021
 
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National

 

CNA Paid $40 Million in Ransom After March Cyber Attack

CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network...
 

Biden Executive Order Initiates Broad Strategy to Assess, Mitigate Climate Change Risks

President Joe Biden on Thursday directed federal agencies to assess and mitigate the increasing and serious risks that climate change...
 

Black Media Mogul Allen Alleges Advertising Bias in Suing McDonald's for $10 Billion

McDonald's Corp. was sued on Thursday for at least $10 billion by two companies owned by media entrepreneur Byron Allen, who accused the...
 

People Moves: Lockton Transactional Team; Marsh Counsel; Kemper Chairman; BMS Re CFO; AgriSompo North America

Lockton is bolstering its transaction liability team with key hires across the three transaction liability insurance product lines:...
 

Lumen Risk Services, Transverse to Offer Commercial Property Coverage

Program administrator Lumen Risk Services, in partnership with Transverse Insurance Group, has launched a new commercial property...
 

Waffle Raises $5M for Its 'All-in-One' Virtual Insurance Agency

The insurtech Waffle has raised $5 million in seed funding, with plans to offer cyber, renters, pet, travel and life insurance in the...
 

Report: $8.1B of Sandy's Damages Attributable to Climate Change

Roughly $8.1B of Superstorm Sandy's damages in 2012 are attributable to "climate-mediated anthropogenic sea level rise," a report out...
 

5 Women File Employment Discrimination Suits Against Amazon.com

Amazon.com Inc. was hit on Wednesday with five new lawsuits by women who worked in corporate or warehouse management roles, and accused...
 

Judge in $2B Roundup Settlement Recommends Bayer Add a Warning Label

A U.S. judge suggested on Wednesday that Bayer AG include a warning label on Roundup as part of a proposed $2 billion settlement to...
 

Serving the Changing Needs of Small Business Post-Pandemic

Among the many changes wrought by the pandemic are those transforming the small business workforce. People have lost their jobs or...
 

Why Internal Customer Experience Matters (There's No 'Back Office')

When business leaders try to build a customer-centric culture, they often overlook a key issue that can doom the whole...
 
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East

 

Student Blamed for Cyber Attack on Massachusetts School's Network

A student was behind a cyber attack on a Massachusetts school system this week that temporarily shut down the district's computer...
 

Staffers Allege that Employer Ignored COVID Precautions in Massachusetts

A Massachusetts man claims that a national addiction treatment program with offices in Pittsfield and Cummington failed to take...
 

As One New Jersey Forest Fire is Contained, a Second Starts

As New Jersey firefighters gained control of one forest fire in the heavily wooded Pinelands region, a second broke out, and was halfway...
 
More East News »
 
 
 
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Midwest

 

FBL Financial Shareholders OK Stock Purchase by Farm Bureau P&C Insurance

The shareholders of West Des Moines, Iowa-based FBL Financial Group Inc. have approved a previously announced purchase of its stock by...
 

People Moves: Virtus Adds Ferworn as VP; Williams now President at Combined Insurance; POWERS Insurance Hires Weiler

Virtus Insurance brokerage and consulting firm Virtus LLC has hired Andrew Ferworn as vice president and insurance consultant in Chicago....
 

After Breaches, Michigan Lawmakers Propose $500M to Repair Dams

Michigan lawmakers have proposed spending $500 million to repair aging dams a year after a hydroelectric dam failed to hold back...
 
More Midwest News »
 
 

Insurance Jobs

 

Commercial Lines Producer - George Petersen Insurance - San Rafael

 

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

 

Client Manager, Small Business - Fred C. Church - Lowell, MA

 

Workers' Compensation Claims Adjuster - Indianapolis, IN - Federated Insurance - Indianapolis, IN

 

Auto and Commercial Liability Claims Adjuster - Indianapolis, IN - Federated Insurance - Indianapolis, IN

 
 
 

Southeast

 

Florida Construction Co. Owner Arrested for Evading Payment of Workers' Comp Premium

The owner of a Florida construction business has been arrested for allegedly concealing payroll information to avoid paying more than...
 

Tennessee Dept. of Insurance Enables Remote Testing for Insurance Producers

The Tennessee Department of Commerce & Insurance (TDCI) has announced that Tennesseans seeking certification as insurance producers can...
 

Mississippi City Receives $492K Federal Grant to Map Contaminated Sites

A Mississippi city is getting a $492,000 federal grant to list and assess contaminated and abandoned industrial and commercial sites and...
 
More Southeast News »
 
 

South Central

 

Louisiana, Texas Brace for More Heavy Rain and Flooding

Heavy rain across the eastern Texas and western Louisiana Gulf Coasts may bring more flooding on Friday, the National Weather Service...
 

Texas Senate Passes Commercial Auto Tort Reform Bill

A bill that proponents say will help control abusive lawsuits against commercial motor vehicle operators following accidents has passed...
 

Pilot Failed to Control Plane in Texas Crash That Killed 10: NTSB

A pilot's failure to control a small airplane when it lost thrust in one of two engines seconds after takeoff in suburban Dallas led to a...
 
More South Central News »
 
 
 
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West

 

Hawaii Can Expect 2 to 5 Storms During Hurricane Season

The central Pacific basin including Hawaii can expect between two and five tropical depressions, tropical storms or hurricanes this year,...
 

Alaska Health Website Targeted in Malware Attack

The Alaska health department website was the target of a malware attack, officials said. A similar attack previously targeted the state's...
 

AM Best Revises Outlook to Stable for Topa in California

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

Washington Creates New Farmworker Safety Team

The Washington state Department of Labor and Industries is creating a new team aimed at improving farmworker safety. When fully staffed,...
 
More West News »
 
 

International & Reinsurance

 

Canada Faces Mega-Hurricanes if Climate Change Pushes Storms North: Swiss Re Warns

Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada's homeowners, businesses and...
 

Italy Probes Alleged Cartel Among Auto Insurers, Including Allianz Direct, Zurich

MILAN - Italy's antitrust watchdog said on Friday it had opened an investigation into an alleged cartel among insurance companies and...
 

Irish Health Service Hackers Offer Decryption Key - but $20M Ransom Demand Remains

A day after threatening to publicly release patient data, the hackers who targeted Ireland's health service offered a decryption key that...
 

Africa Specialty Risks Launches Mauritius Reinsurer, Backed by PE Firm Helios

Africa Specialty Risks (ASR), a reinsurance managing general agent focused on the African corporate and specialty market, announced it...
 

Europe's Aviation Regulator Says Flying Taxis Could Be Airborne by 2024 or 2025

PARIS - Europe could see the first flying taxis enter service as early as 2024, the region's top aviation regulator said on Wednesday....
 

Australia Bushfire Funding 'Welcome' but Insurance Tax Rise 'Unsustainable': ICA

The Insurance Council of Australia (ICA) welcomed the budget announcement from the state of Victoria of funding of A$517 million (US$401...
 
More International & Reinsurance News »
 
 
 
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Research and Webinars

 
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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...
 
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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...
 
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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...
 
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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...
 
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Risk Management Checklist

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

Insurance Journal TV

 
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EP. 14: How 3D Technology is Deepening Claims Efficiency in Insurance

The use of 3D technology has been a topic of discussion in insurance for years, but for an...
 
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Hyper-Personalized Insurance

If you're interested in hearing from a fresh startup insurtech that is all about distribution...
 
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