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Today's Headlines

 
August 2, 2021
 
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National

 

Robot Lawyer DoNotPay, Valued at $210 Million, Plans to Target Small Businesses

DoNotPay, a startup that describes itself as a robot lawyer striving to beat bureaucracy, has more than doubled its valuation to about...
 

Aon's Price Tag for Scrapped Deal to Buy Willis Rises to $1.4B

Insurance broker Aon Plc said on Friday it could have to expend up to $400 million in additional costs tied to the termination of its...
 

Insurance Broker Gallagher Sued Over Ransomware Attack

Insurance and benefits broker Arthur J. Gallagher is the target of a proposed class action lawsuit over a ransomware attack it suffered...
 

New Securities Class Actions Including M&As Down But SPAC-Related Suits Up

Plaintiffs filed 112 new securities class action lawsuits in federal and state courts in the first half of 2021, down 25% from the second...
 

'Zoombombing' Costs Zoom $85 Million Privacy Settlement

Zoom Video Communications Inc. agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming it violated...
 

Jury in Talcum Powder Trial Finds J&J Not to Blame for Woman's Death

An Illinois jury on Friday refused to hold Johnson & Johnson liable for a woman's death from ovarian cancer, which her family blamed on...
 

CNA Overcame Cyber Attack to Finish Strong in Q2

CNA Financial Corp. (CNA) announced second quarter 2021 net income of $368 million versus $151 million in the prior year quarter. The...
 

Mosaic Insurance Launches Transactional Liability Market

Mosaic Insurance began underwriting transactional liability coverage with a new product launched last month in the United States amid a...
 

The Hanover Enhances Product Suites for Lawyers, Healthcare Facilities

The Hanover Insurance Group Inc. said it has enhanced its product suites for lawyers and healthcare facilities.The Hanover Lawyers...
 

Reinsurers and Tech Oligopolies: The Future of Insurance

When Marty Young, co-founder of InsurTech Buckle, participated in a keynote interview at an M&A insurance conference...
 
More National News »
 
 
 
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EMC Insurance Companies
 
EMC's new Teletech Program has tailored and innovative coverages that address the evolving needs of telephone and internet service providers.
 
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Featured Events

 
IASA Xchange™ and OnPOINT

IASA Xchange™ and OnPOINT

August 29 / New Orleans, LA & Virtual
 
 
 

East

 

New England Flash Flooding Leads to Home Rescues, Washed Out Roads

Heavy, continuous rain in parts of northern New England led to flash flooding, washed out roads and a few home rescues, authorities said....
 

Eight Tornadoes Confirmed in New Jersey, Pennsylvania During Storms

The National Weather Service has confirmed eight tornadoes in Pennsylvania and New Jersey during Thursday's storm, including the EF-3...
 

Virginia Judge Upholds Liberty University's Suit Against Falwell

A Lynchburg judge has upheld most of a lawsuit Liberty University filed against its former leader, Jerry Falwell Jr., after an...
 
More East News »
 
 
 
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Midwest

 

Jury in Talcum Powder Trial Finds J&J Not to Blame for Woman's Death

An Illinois jury on Friday refused to hold Johnson & Johnson liable for a woman's death from ovarian cancer, which her family blamed on...
 

Whitmer: Michigan to Provide $10M for People Impacted by June Floods

The state of Michigan will disburse $10 million in emergency relief funding to help Detroit-area and other southeastern Michigan...
 

Michigan Counties Ask State for Funds After Tornado Damage

Two Michigan counties are asking the state to help make funds available for residents and businesses affected by recent tornados that...
 

Additional $5M in Drought Aid OK'd for North Dakota Ranchers

North Dakota's State Water Commission approved $5 million in additional aid to help ranchers who are battling drought conditions this...
 

4 Tornadoes Confirmed in Wisconsin

The National Weather Service has confirmed at least four tornadoes caused widespread damage in Wisconsin and contributed to at least one...
 
More Midwest News »
 
 
 
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Call for Bright Ideas
 
Have you done something clever that contributed to your agency's success? Brilliant! Let's highlight it in IJ's annual 101 Ideas list.
 
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Southeast

 

Florida Sets Highest One-Day Record for New COVID Cases

Florida reported 21,683 new cases of COVID-19, the state's highest one-day total since the start of the pandemic, according to federal...
 

Walt Disney Company Requiring US Employees to Get Vaccinated

The Walt Disney Company has joined other large companies in requiring employees to get vaccinated against COVID-19. The company said in a...
 
More Southeast News »
 
 

Insurance Jobs

 

Assistant CSR - Rubin Insurance - San Diego

 

Account Associate - Mackoul Risk Solutions - Island Park, NY

 

Commercial Lines Rater / Rating Technician - Insurance Company - Work At Home Vintage Experts - Remote

 

Producers, Service Staff, and Partners Wanted - Group Coverage, Inc. - Dix Hills/Deer Park, NY

 

Sr. General Liability Underwriter (Los Angeles, CA or Tempe, AZ) - RLI Insurance - Los Angeles, CA

 
 
 

South Central

 

Resettlement Homes on Louisiana Island Designed to Help Weather Storms

Residents relocating from an eroding island off Louisiana's Terrebonne Parish will move into homes built and designed to help weather...
 

Texas Surplus Lines Premiums Rise to $947.48M, an All-Time High

Texas set another record in June for the amount of surplus lines premium recorded by the Surplus Lines Stamping Office of Texas (SLTX)....
 

Work Begins on $760M Louisiana River Parishes Levee Project

Work has formally begun in Louisiana on a $760 million, three-parish levee project that was first proposed a half-century ago. State...
 
More South Central News »
 
 

West

 

Parents Suing Vehicle Maker a Year After 9 Troops Died Off California Coast

The families of eight Marines and one sailor who died when their amphibious assault vehicle sank off the Southern California coast last...
 

People Moves: Liberty Brokers Adds Wolfenberger, Ganis

The Liberty Company Insurance Brokers has named Steve Wolfenberger vice president. He has 25 years of experience in the insurance...
 

Colorado Mudslides Force Over 100 to Spend Night on Highway

More than 100 people had to spend the night on a highway, including nearly 30 who took refuge in a tunnel, after rain over an area burned...
 

Idaho Man Sues Scouts Over Alleged Childhood Sex Abuse

An Idaho man is suing the Boy Scouts of America for failing to warn children that took part in the youth program that they could be...
 
More West News »
 
 

International & Reinsurance

 

Aon's Price Tag for Scrapped Deal to Buy Willis Rises to $1.4B

Insurance broker Aon Plc said on Friday it could have to expend up to $400 million in additional costs tied to the termination of its...
 

France's AXA Posts 180% Surge in 1st Half Net Income as XL Unit Swings to Profit

AXA posted a 180% surge in first-half net income on Monday as the French insurer rebounded from a spike in pandemic-related claims that...
 

Indian Insurance Startup Policybazaar Files for $810M IPO

BENGALURU - SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18...
 

Allianz Warns Earnings Could Be Hurt by U.S. Investigation into Funds

Allianz SE said earnings could be materially hurt by a U.S. Justice Department investigation into its Structured Alpha Funds, which are...
 

NFP Acquires Dublin-Based P/C Broker Aiken Insurances

NFP, a New York City-based insurance broker and consultant, announced it has acquired Aiken Insurances Ltd. (AIL). Financial details of...
 

BMS Re Launches Bermuda Unit, Led by Former Alterra Executive Mullan

BMS Re, the London-based independent reinsurance broker, announced the launch of BMS Re in Bermuda. Once necessary visa and regulatory...
 

People Moves: JLT Re's González to Oneglobal LatAm; Aon's Cousar to McGill and Partners in APAC; CFC's Alsegard Leads Gallagher's IP Practice

This edition of International People Moves covers appointments at three London-based brokers: Oneglobal, McGill and Partners, and...
 
More International & Reinsurance News »
 
 

Research and Webinars

 
research

Addressing Professional Liability Risks for CPA Firms

With today's expanding technology and issues surrounding audits, cybersecurity, regulatory & tax reform challenges as well...
 
research

Becoming a modern, digital agency in 2021

Let's face it—the distribution channel has treated carriers, agents, and customers well in the past, but the digital world we...
 
research

Trends Impacting Your Transportation Clients

Agents and brokers dealing with transportation clients should have a solid grasp on the pandemic induced developments impacting...
 
research

Learn how ABD Insurance & Financial Services grew to $600+ million in premiums.

Data and analytics are transforming the insurance industry, and independent agencies have the perfect opportunity to transform...
 
research

Beyond Survival: Key Strategies to Thrive as an Independent Agent

We surveyed and interviewed independent agents from across the United States to understand the hurdles they face, the...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 19 : State, Federal Regulatory Enforcement a Focus as Cyber Crime Grows

As ransomware attacks are on the rise and cyber risks continue to mount, experts say there has...
 
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Cal/OSHA Cautions California Employers to Protect Workers from Wildfire Smoke

Cal/OSHA is cautioning California employers to be prepared to protect workers from unhealthy...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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