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November 20, 2020
 
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National

 

What Congress Should Do, or Not Do, to Rescue Businesses in Future Pandemics

Congress is weighing whether insurers and government can together "bend pandemic risk curves" for future events or simply replace some of...
 

Allstate Hires Only Banks Owned by Minorities, Women, Veterans for Big Bond Sale

Allstate Corp. hired solely banks owned by minorities, women or veterans for its bond sale, in the biggest corporate deal yet managed...
 

Tyson Suspends Meat Plant Managers Accused of COVID Betting Pool

Tyson Foods Inc. said it has suspended managers at an Iowa meatpacking plant accused in lawsuits of betting on how many workers would be...
 

Health Officials Hope New Coronavirus Contact Tracing Apps Attract More Users

A new wave of mobile apps that help track exposure to the coronavirus is coming to U.S. states ahead of the holidays as public health...
 

Insurtech Blink Launches Non-Damage Business Interruption Parametric Solution

Irish insurtech Blink has launched a hurricane non-damage parametric insurance solution which provides liquidity to small and...
 

Aon Targets M&A Market with Intellectual Property Assessment Offering

Insurance broker Aon has launched the Quality of Intellectual Property (QoIP) Solution that is designed to help companies receive higher...
 

Chief Actuary Antonello to Be Next CEO of Employers Holdings

Small business workers' compensation insurance specialist Employers Holdings Inc. has named Katherine H. Antonello as its president and...
 

Boston Mayor Pledges EV Charging Stations at 10-Minute Walk Intervals

The Dow Jones Sustainability Index just released their 2020 rankings, and Zurich Insurance Group took the top spot in the insurance...
 

Insurance Executives Seek More Diversity in Executive Ranks

When Jerald Tillman and Mike James started their careers more than 20 years ago, working in the U.S. insurance industry was not on their...
 

Pandemic Has Little Impact on Agency M&A Activity: Report

There were 170 announced insurance agency mergers and acquisitions during the third quarter of 2020 compared to 173 for the same period in...
 

Stronger Together: How Underwriters and Actuaries Benefit From Close Ties

Pricing and underwriting are critical aspects for the effective functioning of the property/casualty insurance industry....
 
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East

 

Pittsburgh Agency Admits Pumping Sludge into Allegheny River

The Pittsburgh Water and Sewer Authority has admitted violating the Clean Water Act when workers illegally pumped sludge into the...
 

Maine Man Dies in Work Accident When Scissor Lift Tips Over

Police in Maine said a man died in a workplace accident in which a scissor lift he was using tipped over at a job site. The accident...
 

Hudson to Acquire Pennsylvania's Allegheny Group and Its Surety Operations

Specialty insurer Hudson Insurance Group has agreed to acquire the Allegheny Group Inc. (AGI) and its subsidiaries from its private...
 
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Midwest

 

Tyson Suspends Meat Plant Managers Accused of COVID Betting Pool

Tyson Foods Inc. said it has suspended managers at an Iowa meatpacking plant accused in lawsuits of betting on how many workers would be...
 

Flint, Michigan Water Lawsuit Settlement Rises to $641M

The proposed settlement of a lawsuit filed on behalf of residents of Flint, Michigan, who were harmed by lead-tainted water now totals...
 

Workers at North Dakota Company Go on Strike over COVID-19 Safety Concerns

About 70 drivers and warehouse workers at a Fargo, N.D., food distributor have gone on strike because they don't believe the company is...
 

Missouri Couple Wins $4M Wrongful Death Suit Against Gun Dealer, Manufacturer

The parents of a Kansas City, Mo., man who died in a 2016 shooting have been awarded $4 million in a wrongful death lawsuit against a man...
 

Study: St. Louis Mask Mandates Cut Virus' Spread

Mask mandates in St. Louis and St. Louis County slowed the spread of the coronavirus this summer when compared to neighboring counties...
 
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Business Income Insurance Demystified
 
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Southeast

 

Kentucky AGC Self-Insurers' Fund to Return $18.5M In Dividends, Decrease Rates

The Kentucky Associated General Contractors Self-Insurers' Fund, a workers' compensation insurance provider in the state of Kentucky,...
 

Kentucky Aims to Slow Virus Spread with New Restrictions on Restaurants, Events

Bidding to slow surging coronavirus cases and deaths in Kentucky, Gov. Andy Beshear announced new restrictions Tuesday on in-person...
 

Road Paving Companies to Pay West Virginia $101.3M Over Antitrust Violations

West Virginia officials announced a $101.3 million settlement last month in an antitrust suit against 11 asphalt and paving companies the...
 

3 Weeks Later, Alabama Awaits Federal Relief for Zeta Damage

More than three weeks after Hurricane Zeta barreled across the Southeast and left destruction in its wake, Alabama is still waiting on a...
 
More Southeast News »
 
 

South Central

 

Louisiana a Founding Member of 'Cannabis Regulators Association'

Louisiana is one of 19 states that are now part of the newly formed non-partisan organization called the Cannabis Regulators Association...
 

NTSB: Offshore Louisiana $750K Liftboat Loss Caused by Faulty Preload Procedure

The overturning of a liftboat servicing an oil platform in the Gulf of Mexico off the Louisiana coast was the result of an inadequate...
 

Louisiana Issues Hurricane Zeta Data Call

Louisiana is seeking information from property/casualty insurers in the state about the impact of Hurricane Zeta. This latest data call...
 
More South Central News »
 
 

West

 

Wrongful Death Suit Filed in California Over Naya Rivera's Drowning

A wrongful death lawsuit has been filed over the drowning of "Glee" actor Naya Rivera, who died this summer while boating with her...
 

Reno Fire Department Says Wildfire Destroyed 5 Homes, Damaged 24

Authorities now say five homes were destroyed and 26 damaged by a wind-driven wildfire that roared through a Reno, Nev., neighborhood. Of...
 

Tire Chain to Pay $16M to Oregon Employees Over Lunch Breaks

Thousands of Les Schwab Tire Centers employees in Oregon will receive $2,500 checks this month as part of a settlement over a lawsuit...
 

Crest Insurance in Arizona Promotes Baldwin to Senior Vice President

Crest Insurance Group LLC of Scottsdale, Ariz., has promoted Yvonne Baldwin to senior vice president of personal lines. Baldwin joined...
 
More West News »
 
 

International

 

Lawmakers Aim to Ensure UK Financial Services Stay Competitive Globally After Brexit

Britain's lawmakers launched an inquiry on Friday aimed at ensuring its financial services remain globally competitive after the...
 

South African Insurer Santam to Appeal COVID-19 Business Interruption Ruling

JOHANNESBURG - Santam on Friday it will appeal against a court ruling that found South Africa's largest non-life insurer liable to pay a...
 

UK Hasn't Compromised Enough for Brexit Trade Deal as Deadline Looms, EU Warns

The European Union warned that the UK hasn't moved sufficiently to overcome the three main obstacles to a post-Brexit trade deal as three...
 

Swiss Re Confirms Financial Targets Despite Pandemic

Reinsurance company Swiss Re said it was committed to a stable or increasing dividend as it confirmed its financial targets on Friday...
 

Insurtech Blink Launches Non-Damage Business Interruption Parametric Solution

Irish insurtech Blink has launched a hurricane non-damage parametric insurance solution which provides liquidity to small and...
 

Aon Hires Marsh's O'Donnell as Client Director in PFI and Infrastructure Team

Insurance broker Aon plc announced that Karen O'Donnell has been appointed as a client director within its Private Finance Initiative...
 
More International News »
 
 
 
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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.
 
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Insurance Journal Blogs and Columns

 

4 Items to Look at When Choosing Health Benefits

It's that time of year again. No, not the holiday season, although some of us will be able to gather this year for something close to our...
 
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Research and Webinars

 
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Seismic Changes Ahead for D&O Insurance Segment

AM Best expects that the Directors and Officers (D&O) segment will soon undergo radical changes based on an examination of...
 
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Your Guide to Insuring High Net Worth Individuals

High net worth individuals and their families --- those with liquid assets of more than $1 million -- have an extensive variety...
 
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Connectivity is key: How to bridge the gap between carriers, agents, and customers

Let's face it—the distribution channel has treated carriers, agents, and customers well in the past, but the digital world we...
 
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Key Insights from 2020 Auto Insurance Consumer Shopping Study

Boost retention by reaching out at the right time with the right message. Auto insurance consumers are shopping more than ever...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 2: Forget the Stars, Insurers are Shooting for the Cloud

Recent research shows that more insurers are taking advantage of cloud technology for data...
 
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EP. 14: What an Election Green Wave in Five States Means for the Industry, Insurers

Elections Part II Nov. 3 came and went, and while there's some still contentious feelings...
 
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New Discussions in the Forums

 

Agency Management System

Posted: Sat Nov 14 -- Does anyone have information on QuikFuzion? They sound great, just what my startup would need and the price is great. I just can't find any... FLMA
 

Workers' Comp Audit Companies- Your Opinion?

Posted: Tue Nov 10 -- Is any member familiar with some of the workers' compensation auditing companies that have been around for a while? If so, what is your... insight3fl
 
Go To Forums »
 
 

Reader Comments

 

World Encouraged by Moderna, Pfizer Vaccines' Success in Trials

Posted: Mon Nov 16 -- Trump said we would have a vaccine by year's end. People who knew nothing mocked him. Time to give Trump credit, Rosenblatt? (please explain... Craig Winston Cornell
 

Starr's Greenberg Sees Opportunity for Fresh Start for U.S.-China Relations Under Biden

Posted: Thu Nov 19 -- China is out to clean our clock. They and their incredibly oppressive regime want to rule the world. Why would we want to do business with... Dave
 

Pfizer Reports 95% Success Rate in COVID-19 Vaccine Final Trial

Posted: Wed Nov 18 -- Anyone who starts off their comment with "All you Libs out there", should get back to work instead of commenting on stories on the internet. Bossman
 

Independent Agents Seek Digital, Product Support From Carriers to Battle Direct Writers

Posted: Mon Nov 16 -- As long as the direct carriers keep using idiotic catch lines like " Buy only what you need", the independent agents will do fine. Jack
 

Employers Facing Wave of Lawsuits by Parents Fired During Pandemic

Posted: Fri Nov 13 -- We are trying to have a society. You benefit from being a member of society, in that you are able to have a 401k and a 5 figure stock... Jon
 
Go To Popular Comments »
 
 
 
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