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October 23, 2020
 
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National

 

Insurer to Appeal Restaurants' Win in North Carolina COVID Business Interruption Case

A judge in Durham County, North Carolina has handed down what may be the nation's first dispositive ruling in favor of policyholders in a...
 

Safety Regulator Vows to 'Closely Monitor' New Tesla Self-Driving Software

The U.S. auto safety regulator said on Thursday it was closely watching Tesla Inc.'s release of a software version intended to allow its...
 

IRS Takes Aim at 'Abusive Micro-Captive Practices' with Another Settlement Offer

As the pandemic and rising insurance costs fuel greater interest by large firms in creating captive insurance organizations, the Internal...
 

U.S. Consumer Agency Weighs Update of Rules on Access to Personal Financial Data

The U.S. Consumer Financial Protection Bureau (CFPB) on Thursday said it is seeking public comment on a proposal to modify rules...
 

AIG Settles Foreign Tax Credit Dispute With U.S.

American International Group Inc. settled a case involving cross-border transactions the government claimed amounted to improper tax...
 

Walmart Sues U.S. to Clarify Pharmacy Liability in Opioid Crisis

Walmart Inc. said on Thursday it had filed a lawsuit against the federal government, seeking clarity on the roles and legal...
 

Tangram Teams With Markel on Propane and Fuel Distributors Program

Tangram Insurance Services, a managing general agency, and Markel Corp. have launched a program to provide excess liability capacity...
 

Is Climate Change Making Drought One of the Nation's Costliest Disasters?

Drought has become one of the costliest disasters in the U.S., causing 94 deaths and an inflation-adjusted $6.2 billion in losses per...
 

Hotel Sector Falls on Tough Times as Insurance Rates Rise

The hotel industry was one of the first industries affected when COVID-19 forced the travel industry into standstill, and many predict it...
 

To Merge or Not to Merge: InsurTechs Must Increasingly Decide

The drumbeat for InsurTechs to pursue a merger, acquisition or partnership is getting louder, with the number likely to...
 
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Business Income Insurance Demystified
 
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East

 

Pennsylvania Justices Review Priest Abuse Lawsuit's Ruling on Time Limits

Pennsylvania's highest court on Tuesday grappled with whether a woman's lawsuit on claims of sexual abuse by a priest decades ago should...
 

Judge Rules New York City Crosswalks Fail to Protect Blind Pedestrians

Most crosswalks in New York City violate laws protecting people with disabilities by failing to properly protect blind and low-vision...
 

FCCI Insurance Group Writes First Policy in Pennsylvania

Sarasota, Fla.-based property and casualty insurer FCCI Insurance Group (FCCI) has written its first policy in Pennsylvania with the...
 
More East News »
 
 
 
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Midwest

 

Kansas Governor Wants Statewide Mask Mandate

Democratic Kansas Gov. Laura Kelly is again calling for a statewide mask mandate as the coronavirus case count continues to climb in...
 

Illinois Agents Association Names Brown & Brown's Miano Agent of the Year

Brooke Miano with Brown & Brown of Illinois in Naperville, Ill., has been presented with the Independent Insurance Agents of Illinois...
 

North Dakota Seeks to Use Coronavirus Aid for Fracking

North Dakota officials say they want to repurpose $16 million in federal coronavirus aid and spend it on grants to encourage fracking...
 
More Midwest News »
 
 

Southeast

 

Judge in North Carolina Favors Policyholders in COVID-19 Closure Lawsuit

A judge in Durham County, North Carolina has handed down what may be the nation's first dispositive ruling in favor of policyholders in a...
 

North Carolina Continues on Reopening Path Despite Rising Virus Numbers

North Carolina Democratic Gov. Roy Cooper said Wednesday that the state will keep its reopening guidelines in place for three more weeks,...
 

Family Settles Suit Over Death of South Carolina High School Football Player

A South Carolina family has settled a lawsuit filed after a 14-year-old high school football player collapsed after an intense practice...
 

Georgia County to Pay $1M Fine Over Sewage Leaks to Buy Time for Repairs

A suburban Atlanta county where leaky pipes keep spilling raw sewage into creeks and rivers would pay a $1.05 million fine to regulators...
 
More Southeast News »
 
 

South Central

 

Ex-Blue Bell Creameries CEO Kruse Again Charged in Deadly Listeria Case

The former president of Blue Bell Creameries has been charged with wire fraud for allegedly trying to cover up a 2015 listeria outbreak...
 

3 More Guilty Pleas in Louisiana Staged Auto/Tractor-Trailer Crashes

Three more people have pleaded guilty to conspiring to stage accidents between automobiles and tractor-trailers in Louisiana, federal...
 

Feds Ignore Risk of Huge Gulf Spills to Endangered Species, Suit Says

Environmental groups asked a federal court on Oct. 21 to throw out the Trump administration's assessment of oil and gas activity's likely...
 

Company Cites Pandemic in Delay of $9B Louisiana Construction Project

A company is citing the coronavirus pandemic for its decision to delay some work on a more than $9 billion construction project in...
 
More South Central News »
 
 

West

 

Uber, Lyft Must Reclassify Drivers as Employees, Rules California Appeals Court

A California appeals court on Thursday unanimously ruled against ride-hailing companies Uber Technologies Inc. and Lyft Inc., saying they...
 

Swiss Re Capital Markets Places $775M Cat Bond for California Earthquake Authority

Swiss Re Capital Markets has successfully structured and placed the issuance of USD $775 million of insurance-linked securities by Ursa...
 

Washington Begin Develops Wildfire Smoke Worker-Safety Rules

The Washington Department of Labor & Industries is developing new workplace safety and health rules regarding wildfire smoke. The L&I...
 

Oregon Audit Finds Insufficient Oversight of Harassment Investigations

An Oregon Secretary of State audit has found the Department of Administrative Services does not provide sufficient oversight of...
 
More West News »
 
 

International

 

Italy's Tax Police Raid Offices of Generali in Probe About Insurance Contracts

Italy's tax police raided the offices of state railway Ferrovie dello Stato (FS) and Generali to gather documents in a probe related to...
 

Bayer's Monsanto Loses Final Appeal in French Farmer's 2004 Weedkiller Accident

Bayer's Monsanto division on Wednesday [Oct. 21] lost a final appeal in a long-running French legal battle in which the crop chemical...
 

Hurricane Epsilon Bypasses Bermuda and Heads into North Atlantic

Bermuda has been spared the worst of Hurricane Epsilon, which passed 200 miles to the east of the island and is heading , according to a...
 

Top African Insurer Sanlam Refocuses on Home Market After 2018 Acquisition Misfires

Paul Hanratty, the new chief executive officer of Sanlam Ltd., is refocusing on the South African insurer's home market and plugging...
 

Everest Re Estimates Third Quarter 2020 Catastrophe Losses of $300 Million

Everest Re Group Ltd. is estimating pre-tax net catastrophe losses of $300 million for the third quarter 2020. The estimate includes the...
 

QBE Appoints Pryce as Interim Group CEO After Regan's Forced Exit in September

QBE Insurance Group announced that Richard Pryce will assume the role of interim group chief executive officer while the search process...
 

Chubb Canada's President Moore to Retire, Succeeded by Alfieri

Ellen Moore, the current president of Chubb Canada, has announced her retirement, which will take effect at the end of the year. She is...
 
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.
 
Get the Book
 
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Research and Webinars

 
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Unlocking Big Growth in Small Commercial

To say that the commercial insurance industry is experiencing a moment of massive, unprecedented transformation would be an...
 
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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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Covering Your Cannabis Marketplace - Expanding Opportunities

The cannabis industry continues to thrive in 2020, creating new products, jobs and businesses - all with insurance...
 
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OSHA Top 10 eBook

Brokers, help your insureds avoid the most frequently cited violations. OSHA citations. They're rampant, they hide in plain...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 11: Where Are All the Cannabis Lawsuits?

Remember the infamous McDonald's hot coffee lawsuit from the 1990s? If blazing java on a...
 
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Increasing Diversity All About Dollars... And Sense

George Woods, a senior exec with Guy Carpenter, is an intriguing guest. He's knowledgeable...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

Election Security: Retailers Board Up Stores Amid Fears Over More Civil Unrest

Posted: Wed Oct 21 -- RIOTS....IT'S RIOTS! Jack
 

California Pledges to Protect Homeowners from Insurer Withdrawals Due to Wildfires

Posted: Tue Oct 20 -- The commissioner can take three actions to improve the market. The first action is to allow markets to properly price the market quickly so... Observor
 

CDC Issues 'Strong Recommendation' for Mask-Wearing by All in Travel Settings

Posted: Tue Oct 20 -- I don't see why a NATIONAL health issue should not have a consistent NATIONAL response. It takes leadership to make the hard decisions, even... Caldude
 

Applied Underwriters Sues California Over 'Bad Faith' Insurer Conservatorship Plan

Posted: Wed Oct 21 -- This case is interesting although I do not know the details beyond the article. It appears that the company is financially sound and the... Observor
 

Battery Fires Make Headlines as Electric Vehicle Sales Take Off

Posted: Tue Oct 20 -- Electric Car Salesman: "You will love this car! It costs 30% more than a comparable gas-powered car. It runs on electricity from cheap... Craig Winston Cornell
 
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