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October 8, 2021
 
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National

 

Insurers Could Owe $80M to Investors Suing Over 2016 Willis Merger With Towers Watson

Seven insurers that shared the risk for directors and officers policies sold to Towers Watson may have to pay up to $80 million for...
 

J.D. Power Agents' Survey Reveals Top-Ranked P/C Carriers (Story in Charts)

Neglected no more. Independent agents are feeling the love from property/casualty insurance carriers--and the scores they are giving...
 

Verisk Using AI to Gain Underwriting Insights From Yelp Reviews of Small Businesses

Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for...
 

Agriculture Department Readying Waivers to Address Pork Plants' Processing Speed

The U.S. Department of Agriculture is working on a proposal for a waiver system for hog plants forced by a federal court to slow...
 

Riskonnect Acquires ESG Technology Firm ICIX

Integrated risk management software firm Riskonnect has acquired ICIX, a California-based value chain governance company that helps...
 

What's New in Agency E&O? Participate in This Year's Survey Today

Insurance Journal invites buyers of agency errors and omissions insurance to participate in this year's Agency Errors & Omissions Survey....
 

People Moves: AXA XL Names Takigawa; Gary Heads CoreLogic Claims; Changes at Top at TigerRisk; Hill Joins Digital Partners

AXA XL Insurance Appoints Takigawa as Head of Commercial E&O, Americas AXA XL Insurance has named Michael Takigawa as the head of...
 

Report: A Fifth of U.S. Insurance Company Board Members Have Worked in Fossil Fuel Industry

A report out Thursday from a climate change advocacy group alleges that more than one-fifth of U.S. insurance company board members have...
 

ESG and the Future of Energy

One area receiving increased scrutiny by underwriters are ESG related issues, or environmental, societal and government requirements,...
 

At ITC Vegas 2021, Chubb CEO Greenberg Put InsurTechs in Their Place

Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking...
 
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East

 

Ex-Homeless Shelter Head in Massachusetts Charged with Stealing $1.5M

The former head of a Massachusetts homeless shelter stole about $1.5 million in part by secretly renting properties he owned to the...
 

Town Approves $11M to End Race Discrimination Claims

Residents of Brookline, Massachusetts, have approved $11 million to end a years-long legal battle with a firefighter who said he was...
 

U.S. Supreme Court Allows Lawsuit Against Troopers to Proceed

The U.S. Supreme Court declined to hear an appeal by two state police officers accused of failing to protect a woman from a man who went...
 
More East News »
 
 
 
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Midwest

 

Mechanical Failure Touched Off Large South Dakota Fire, Officials Say

A mechanical failure caused the fire that has burned about 1.5 square miles northwest of Rapid City, according to state and local...
 

Charter School Can't Appeal Ohio School Board $60M Order, Court Says

The Ohio school board's order requiring a giant, now-defunct online charter school to repay the state $60 million over inflated...
 

Company Faces $300K in Fines for Alleged Safety Violations at Missouri Facility

A Verona, Missouri, nutrition production plant has been hit with 24 citations for workplace safety and health violations and faces more...
 

Michigan Urges Benton Harbor Residents to Use Bottled Water Due to Lead Levels

Michigan urged residents of Benton Harbor to use only bottled water for cooking and drinking, a major shift in response to the city's...
 
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Insurance Jobs

 

Experienced Non Standard Auto Insurance Claims Adjuster -Remote Position - American Freedom Insurance Company - Remote

 

Business Development Executive - Rhode Island (REMOTE) - Main Street America Insurance - Rhode Island (Remote)

 

Farmers Insurance Agency - Farmers Insurance - Ashland, Oregon

 

Commercial Lines Compliance / Surplus Lines Tax Filings – REMOTE - Work At Home Vintage Experts - Remote / Nationwide

 

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Southeast

 

The Cable Guy Is Not a Construction Worker, Florida Court Says

The Florida Supreme Court on Thursday handed down no insurance-related opinions in its regular weekly posting and did not report a...
 

Flooding in Alabama Kills 4, Damages Buildings

Four people were killed in Alabama Thursday when torrential rains drenched parts of the state, flooding roads and buildings and causing a...
 

Judge to Appoint Mediator in Surfside Condo Claims

A Florida judge overseeing parts of the aftermath of the deadly collapse of a condominium building in Surfside said this week that a...
 

Liberty Co. Partners with Southern Palm Agency

The Liberty Company Insurance Brokers has announced a partnership with Miami-based Southern Palm insurance agency. The agency has seen...
 
More Southeast News »
 
 

South Central

 

4 Injured in Texas School Shooting; Student Arrested

An 18-year-old student opened fire during a fight at his Dallas-area high school on Oct. 6, injuring four people and then fleeing before...
 

Louisiana Health System Sued Over Vaccine Mandate

A small number of employees of Louisiana's largest health system are suing to block a requirement that they get the COVID-19 vaccine in...
 

Houston Company to Pay $85K to Settle Federal Disability Discrimination Lawsuit

Federal workplace officials say a Houston-based electrical supply company unlawfully fired employee one day before his scheduled cancer...
 
More South Central News »
 
 

West

 

Hub Acquires Assets of Verity and Bellehaven in California

Hub International Ltd. acquired the assets of Verity Insurance Services Inc. and Bellehaven Management Inc. Terms of the transaction were...
 

Investigators Board Ship That Was Anchored Near California Oil Pipeline

U.S. Coast Guard investigators have boarded a massive cargo ship as they probe what caused the rupture of an offshore oil pipeline that...
 

California Encourages Prescribed Burns to Counter Wildfires

California is encouraging more use of fire to fight fire, such as when deliberately set burns were recently used to protect giant...
 

Los Angeles Implementing One of Strictest Vaccination Mandates in Nation

Los Angeles leaders on Wednesday approved one of the nation's strictest vaccine mandates _ a sweeping measure that would require the...
 

California Governor Signs Hemp Bill Setting up Regulatory Framework

California Gov. Gavin Newsom this week signed a bill into law establishing a comprehensive regulatory framework for the manufacture and...
 
More West News »
 
 

International & Reinsurance

 

Chubb to Buy Some of Cigna's Asia-Pacific Businesses for $5.8 Billion

U.S. insurer Chubb Ltd has agreed to buy health insurer Cigna Corp's life, accident, and supplemental benefits businesses in Asia Pacific...
 

Tokyo Jolted by Strongest Earthquake Since 2011, With Injuries Reported

A magnitude 5.9 earthquake struck near Tokyo late Thursday, rattling parts of the capital the most since the March 2011 disaster. Few...
 

Germany's Getsafe Raises $30M, Led by Swiss Re; Eyes Becoming Full Carrier

Digital MGA Getsafe disclosed $30 million in new financing led by new investor Swiss Re. The Heidelberg, Germany-based InsurTech said the...
 

India Plans to Let Foreign Investors Hold 20% Stake in Life Insurance Corp.'s IPO

India is considering a proposal for foreign investors to own as much as 20% in Life Insurance Corp., according to a person with knowledge...
 

Hub International Acquires Quebec's H.W. Hollinger (Canada)

Hub International Ltd., a Chicago-based insurance broker and financial services firm, announced it has acquired H.W. Hollinger (Canada)...
 

Aon Launches 'Ransomware Defence' to Address Cyber Insurability Challenges

Insurer Aon plc announced the launch of a new offering aimed at increasing the resilience of businesses in the UK and the Europe, Middle...
 

People Moves: Gallagher Re's Bousfield to Lockton Re Bermuda; Atrium Names Munich Re's Cusition as Marine U/W; MS Amlin Hires RSA's Forsyth as Lead Class Hull U/W

This edition of International People Moves details appointments at reinsurance broker Lockton Re and two insurers: Atrium Underwriters...
 
More International & Reinsurance News »
 
 

Research and Webinars

 
research

Tapping Into the Growing Home Based Business Market

The world has changed. Work has changed. Growing numbers of people are stepping away from corporate America and setting up home...
 
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Trends Impacting Your Transportation Clients

Agents and brokers dealing with transportation clients should have a solid grasp on the pandemic induced developments impacting...
 
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Understanding the uninsured: Five opportunities for promising growth.

The protection gap is found anywhere your customer is exposed to a risk that they could insure against but do not. This is a...
 
research

Influence Restoration Services for Better Results

Your response to a client's disaster is the key to customer satisfaction, retention, and referrals. Insurance providers need a...
 
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Agents have the expertise. Now they have the quoting speed, too.

Businesses rely on their agents and brokers to understand the risks they face and to make recommendations on how to best protect...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 34: Insuring Cannabis is Impossible Without Surplus Lines, so a Hardening Market is a Thing to Watch

It may not come as much of a surprise to those who know about insurance and cannabis that the...
 
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EP.24: Are Public, Private Partnerships the Answer to Cybersecurity's Risk Management Problem?

The Biden Administration is increasingly prioritizing growing ransomware threats as a risk...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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