Insurance Journal
 
 

Today's Headlines

 
November 6, 2020
 
Today's Headline Sponsor: AmTrust Financial
 
 
 
adv
 
Small Business Insurance by AmTrust
 
An Industry Leader in Small Business Insurance. AmTrust offers great workers' compensation rates & coverage for your clients & exceptional benefits for you!
 
Learn More
 
AmTrust Financial
 
 
 
 

National

 

AIG's Profit Slumps on Q3 Catastrophe Losses

American International Group Inc reported a slump in third-quarter profit on Thursday, hurt by losses related to storms, wildfires and...
 

Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh

Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes in...
 

AIG Weighs IPO or Stake Sale of Life and Retirement Unit

Insurer American International Group Inc., which plans to separate its life and retirement business from the rest of the company, said on...
 

Liberty Mutual Reports 46% Hike in Q3 Net Income Despite Catastrophe Losses

Liberty Mutual Holding Co. Inc. has reported a 46% increase in net income during the third quarter, despite elevated catastrophe losses....
 

Apple Faces Shareholder Class-Action Suit over CEO's China Sales Comments

Apple Inc has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of concealing...
 

Voters OK'd Local Measures to Fight Climate Change

Local governments are increasingly taking it upon themselves to address climate change. Denver voters on election day passed Measure 2A,...
 
carrier-management-100x45.gif

Why Is Personal Accountability So Challenging?

We can easily meet our boss's deadlines. We can get to the airport with time to spare before our flight. We can submit...
 
More National News »
 
 
 
adv
 
Q: The Future of Underwriting is _____?
 
A: REAL-TIME RISK INSIGHTS.
Watch our panel discussion to learn how you can profit from data science directly in your underwriting workflow.
 
Get More Info
 
TWO SIGMA IQ
 
 
 
 

East

 

Pipeline Company Agrees to Pay $800K in Fines, Road Fixes in Massachusetts

A natural gas pipeline company and one of its contractors has agreed to pay $300,000 to settle allegations that they violated...
 

Former Subway Conductor Charged for Allegedly Stealing $114K from NYC Transit

A former New York City Transit subway conductor has been arraigned on an indictment in which he is charged with grand larceny and other...
 

SPONSORED: Applied Underwriters Announces Formation of Applied Specialty Underwriters

OMAHA -- November 5, 2020 -- Steve Menzies, CEO of Applied Underwriters, today announced the creation of Applied Specialty Underwriters, LLC to focus on select Casualty E&S...
 

UFG Insurance Names Lavallee as UFG Surety New England Branch Manager

UFG Insurance has named Dave Lavallee as UFG Surety branch manager of the New England surety branch. Lavallee has previously served as...
 
More East News »
 
 
 
adv
 
Agency in MA for Sale, 2 Locations
 
Long established. Gross Rev: $1,298,000 - 60% Personal Lines/40% Commercial. See this and all available opportunities. (Or list your own for free!)
 
Find an agency.
 
Insurance Journal
 
 
 
 

Midwest

 

Wisconsin Supreme Court Sends Virus Capacity Limits Case to Lower court

The Wisconsin Supreme Court on Nov. 4 declined to consider reinstating Democratic Gov. Tony Evers' coronavirus restrictions limiting the...
 

Rating Outlooks for United Equitable, American Heartland Insurance Revised to Negative

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the...
 

OnVue to Provide Online Iowa Insurance Producer Exams

Iowa insurance producer examinations will be available in an online format through OnVUE online proctoring by PearsonVUE beginning Nov....
 
More Midwest News »
 
 
 
adv
 
Insuring Cannabis Summit 2020
 
Curious about cannabis? Concerned? Join us for this 100% virtual conference featuring presentations and panels from 19 cannabis and CBD insurance experts.
 
Get Your Free Ticket
 
Insurance Journal
 
 
 
 

Southeast

 

Florida Voters Approve Raising Minimum Wage to $15 Over 6 Years

Florida voters on Tuesday approved raising the state's minimum wage to $15 an hour over the next six years, which advocates say will lift...
 

Vertus, Zurich Expand Hurricane Deductible Buy-Back Program Into S.C., N.C., Va.

Vertus Insurance Partners and Zurich North America have expanded the Cat4Home deductible buy-back insurance product to customers in South...
 

Insurors of Tennessee Appoints Representative Ron Travis as CEO

Insurors of Tennessee has named Representative Ron Travis as the new CEO for the organization, effective Nov. 16, 2020. Travis (R-Dayton)...
 
More Southeast News »
 
 
 
adv
 
Business Income Insurance Demystified
 
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
 
 
 
 

South Central

 

Judge: Louisiana Governor Can Renew Virus Restrictions, for Now

A Louisiana judge has declined to stop Gov. John Bel Edwards from renewing his COVID-19 restrictions amid a legal feud with House...
 

Texas Selects Insurance Services Office as Statistical Agent for Cat Event Plan

Texas has selected Insurance Services Office Inc. (ISO) as the statistical agent for the Texas Catastrophe Event Statistical Plan for...
 

Texas' TWFG Insurance Opens New Branches in 4 States

TWFG Insurance is expanding nationally with opening of eight new branches in four states, with two pioneer locations opening in Nevada....
 
More South Central News »
 
 

West

 

Lawsuit Against Police Department in Hawaii Settled for $1.84M

An assistant chief of police in Kauai settled a lawsuit against his department and Kauai County for $1.84 million. Mark Begley sued the...
 

Washington Firm to Pay $175K to Settle Federal Disability Discrimination Suit

Northwest Wireless Enterprises LLC, an exclusive T-Mobile retailer, will pay $175,000 to a former employee to settle a disability...
 

California Issues Moratorium on Insurers Non-renewing or Cancelling Following Wildfires

California Insurance Commissioner Ricardo Lara on Thursday announced a mandatory one-year moratorium on insurance companies non-renewing...
 
More West News »
 
 

International

 

The $9.5 Billion Takeover Offer for RSA May Be Too Good to Refuse: Opinion

A takeover offer that would have been so-so in February becomes impossible to refuse for a company whose shares have been hit by the...
 

Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh

Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes in...
 

Allianz Reports Unexpected Increase in Q3 Net Profit of 6%

German insurer Allianz on Friday declined to provide a forecast for 2020 given uncertainty around the COVID-19 pandemic, despite...
 

Weakened Storm Eta Moves over Honduras with Heavy Rains. Next Stop Cuba, Florida?

TEGUCIGALPA, Honduras - Eta is moving over Honduras as a weakened tropical depression but still bringing the heavy rains that have caused...
 

Arthur J. Gallagher & Co. Acquires Canada's Optimum Talent Inc.

Arthur J. Gallagher & Co. announced the acquisition of Montreal, Quebec-based Optimum Talent Inc. Terms of the transaction were not...
 

Update: UK Insurer RSA Receives $9.4B Takeover Offer From Intact Financial, Tryg

RSA is in talks with a consortium of Canadian insurer Intact Financial and Danish insurer Tryg about a possible break-up deal that values...
 
More International 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

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...
 
adv

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...
 
adv

Discover All the Inherent Risks of a High Net Worth Individual

High net worth individuals and their families --- those with liquid assets of more than $1 million -- have an extensive variety...
 
adv

How the Best Agencies Stand Out

Independent agencies today face an increasingly commoditized market, with new competitors constantly on the rise, and technology...
 
More research and webinars »
 
 

Insurance Journal TV

 
adv

EP. 13: How Election Results Could Greenlight Federal Cannabis Legalization

Nov. 3 is the big day, and while the big story for voters is the choice between diametrically...
 
adv

EP. 1: Insurance's Digital Transformation in the COVID-19 Era

"Insurance is a technology industry now."   That's according to Todd Lukens, chief...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Aggregators

Posted: Tue Nov 3 -- Curious as to what state you are in and what ASNOA has brought to the table for you. mightyquinn
 

Billing software

Posted: Mon Nov 2 -- Hey there. Hope you are doing well! We have a product that I believe will help you with our agency bill. I have several agencies that a... [email protected]
 

Management System and Rater

Posted: Fri Oct 30 -- Hi Dignainsurance! We have been extremely happy with our Hawksoft CMS. I'd look into that if you haven't already bought one. Swymmer
 

Workers comp ghost policy

Posted: Fri Oct 30 -- Continuing on with the conversation... a "ghost policy" is really a normal work comp policy with no reportable payroll at the time it is... Swymmer
 

Questions on starting IA

Posted: Fri Oct 30 -- For all the reasons above, starting a new IA is a tough way to go. If there is some other compelling reason to have a P/C agency then I... Swymmer
 

ACV vs Rep Cost for leased property loss

Posted: Tue Oct 27 -- Was their an endorsement for the leased copier on the policy? Was it scheduled? gebhardt
 

CGL For Power Sport Rental Company-ID

Posted: Tue Oct 27 -- Did you ever find a place to put this? I would try RT Specialty but expect premiums to be at least 250k ++ gebhardt
 

How can a new agent obtain appointments?

Posted: Mon Oct 26 -- Joining an aggregator such as ASNOA is a good option. You do give up some of your commissions but in turn, you're receiving many more... Mikerob7
 
Go To Forums »
 
 

Reader Comments

 

U.S. Cities Prepare for Possible Election Unrest

Posted: Tue Nov 3 -- The republicans in my area have been clogging the streets around election centers with giant trucks toting american flags/trump flags, or... Jon
 

Jerry Falwell Jr. Files Suit Against Liberty University Claiming Reputational Damage

Posted: Fri Oct 30 -- kind of reminds me of that time Lenny Dykstra tried to sue someone for defamation of character, only to have the case thrown out because the... steven
 

Disbarred New York Attorney Pleads Guilty to Stealing 9/11 Victim Compensation Funds

Posted: Mon Nov 2 -- May you rot in hell, Mr. Vila, especially considering your background as found on the web: "Gustavo L. Vila spent 20 years in varied roles... reality bites
 

Florida Property Insurance Market Inches Closer to Crisis - Part 1

Posted: Fri Oct 30 -- As an IA I must vent out and say that some of the Florida carriers do just an absolutely horrible job on handling legitimate claims. From... Einstein
 

U.S. Officially Becomes 1st Nation to Exit Paris Climate Pact

Posted: Wed Nov 4 -- Meanwhile, every other country that STILL pretends to be part of the Paris Climate Acord just ignores their own commitment to reduce CO2. So... Craig Cornell
 
Go To Popular Comments »
 
 
 
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