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August 23, 2021
 
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National

 

FDA Grants Full Approval to Pfizer-BioNTech COVID-19 Vaccine

The U.S. drug regulator on Monday granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, making it the first to secure...
 

It Turns Out That Humans Are Secret Weapon for Autonomous Vehicle Startups

Self-driving startups like Cruise and Pony.ai have begun testing their driverless cars in some parts of California in the past year, with...
 

Boy Scouts Delays Bankruptcy Step After Judge Questions Legal Fees, Insurer Deal

Attorneys for the Boy Scouts of America are postponing a key bankruptcy hearing that was scheduled to start this week, following a court...
 

P/C Insurers Boosted Underwriting Net Income 28% in First Half of Year: AM Best

The U.S. property/casualty industry grew its net underwriting income by 28% in the first six months of 2021 compared with the same...
 

GM Recall Due to Fire Risk Covers All Chevrolet Bolts

General Motors said Friday it is recalling all Chevrolet Bolt electric vehicles sold worldwide to fix a battery problem that could cause...
 

T-Mobile Now Says Data Breach Affects More Than 50 Million Customers

T-Mobile US Inc. said on Friday an ongoing investigation into a data breach revealed that hackers accessed personal information of an...
 

The Future of Insurance Agency Work

There is no shortage of articles opining on the future of work after COVID-19, all seeming to believe that virtual work in one form or...
 
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Catastrophe Bond Market Breaks New Record with $8.5 Billion of Securities Issued

Catastrophe bonds broke a record during the first half of the year with about $8.5 billion of new securities issued, according to a report...
 
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Beyond Guidewire: Glimmers of Hope in the Insurer Software Market

In contrast to their direct-to-consumer counterparts, startups developing software for insurance companies have...
 
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East

 

OSHA Proposes $1.3M in Penalties Over Massachusetts Worker Deaths

Federal workplace safety regulators on Wednesday proposed $1.3 million in penalties for the construction company that employed two men...
 

Storm Henri Causes Flooding, Power Outages in Northeast; Heavy Rains to Continue

Henri is soaking the U.S. Northeast with rain and disrupting transport after being downgraded to a tropical depression. The former...
 

Alera Group Acquires Third-Party Administrator Related Risk

Alera Group, an independent, national insurance and wealth management firm, acquired Related Risk, a third-party administrator (TPA) that...
 
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Midwest

 

Michigan Issues C&D Order Against Aliera Companies, Connected Businesses

Michigan insurance regulators issued a cease and desist order against a healthcare sharing ministry and two connected companies for...
 

People Moves: Harrington to VP at GJS Re; Kansas Association of Insurance Agents Adds Werth

GJS Re Insurance and reinsurance veteran Chris Harrington joined the Los Angeles-based reinsurance intermediary G. J. Sullivan Co.,...
 

Forest Service: Lightning Caused Minnesota Wildfire

A wildfire in the Superior National Forest of northeastern Minnesota has grown to 6 1/4 square miles (16 square kilometers), but U.S....
 
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Insurance Jobs

 

Associate Research Professional - Alabama Center for Insurance Information and Research (ACIIR) - Alabama Center for Insurance Information and Research - Tuscaloosa, AL

 

Claims Director - Citizens Inc - Austin, TX

 

Client Engagement Manager - Praedicat - New York, NY

 

Personal Lines (Assistant) Account Manager - Hill & Usher, LLC - Phoenix, AZ

 

Sr. Claims Examiner - Stillwater Insurance Company - Remote

 
 
 

Southeast

 

Catastrophic Flooding Takes 22 Lives in Tennessee; More People Missing

Catastrophic flooding in Middle Tennessee left at least 22 dead and dozens missing Saturday as rains washed away homes and rural roads,...
 

Former Alabama Officer Sentenced 25 Years for Killing Suicidal Man

A judge sentenced a former Alabama police officer to 25 years in prison Friday for the shooting death of a suicidal man who was holding a...
 

Florida Cybersecurity Agency Hampered by Vacancies

Gov. Ron DeSantis' new technology office is supposed to resolve the state's longtime tech woes and lead the state's defense against...
 
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South Central

 

Prosecutors in Louisiana Reach $2M Settlement with Exonerated Man

Local prosecutors have reached a $2 million settlement with a New Orleans man who spent 23 years in prison before being cleared on...
 

Flood-Weakened Tracks a 'Probable Cause' in 2019 Fort Worth Train Derailment

Federal officials say a train that derailed and caught fire in Fort Worth in 2019 was traveling on tracks that had been weakened by...
 

1 Person Dies in DUI Accident Every 9 Hours in Texas, Officials Say

Last year there were 963 driving under the influence (DUI) alcohol-related traffic fatalities in Texas. That means on average, a person...
 
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West

 

Applied Sets Acquisition Completion of Alaska Timber Insurance Exchange

Applied Underwriters anticipates completing the acquisition of Alaska Timber Insurance Exchange as soon as the fourth quarter of 2021 as...
 

Judge: California Ridesharing Law Is Unconstitutional

A judge Friday struck down a California ballot measure that exempted Uber and other app-based ride-hailing and delivery services from a...
 

People Moves: Lockton Names Michon President in California; Alliant Adds Racunas

Lockton Insurance Brokers LLC named Alex Michon president of its Sacramento, Calif., operations. Michon specializes in managed care and...
 

State Fund Offering Credit Extension to Policyholders Impacted by California Wildfires

California's State Compensation Insurance Fund is offering a 30-day credit extension to policyholders affected by wildfires currently...
 

Former California Agent Allegedly Stole $1.2M from Elderly Consumers

Formerly licensed insurance agent Robert Stoddard, 66, of San Clemente, Calif., was arrested this week after a California Department of...
 

Wyoming Marijuana Signature Effort to Begin in Early September

Wyoming marijuana advocates plan to begin circulating petitions in September for two proposed ballot measures - one asking if the state...
 
More West News »
 
 

International & Reinsurance

 

Biden Administration Sanctions Russian Insurer for Nord Stream 2 Report

The Biden administration imposed sanctions on two Russian entities over their involvement in the Nord Stream 2 pipeline project, but is...
 

Canada's Five Biggest Banks to Require Their Employees to Be Fully Vaccinated

TORONTO - Canada's five biggest banks are mandating that employees working from their offices must be fully vaccinated against COVID-19...
 

Hurricane Grace Crosses Mexico, Killing at Least 8 People

Hurricane Grace crossed through Mexico on Saturday, leaving at least eight people dead, causing floods and power cuts to more than half a...
 

Rain Falls at Highest Point on Greenland's Ice Sheet for 1st Time on Record

Rain fell at the highest point on the Greenland ice sheet last week for the first time on record, another worrying sign of warming for...
 

Greece Wildfire Destroys Jobs of Pine Resin Collectors

AGDINES, Greece (AP) - For generations, residents in the north of the Greek island of Evia have made their living from the dense pine...
 

UK Broker Tysers Launches Platform for End-to-End Digital Processing, Called Tconnect

Tysers, the London-based insurance broker, has launched Tconnect - a cross-functional, cloud-based platform designed to consolidate...
 

Insured Losses from European Floods Estimated at $6 Billion-$7.7 Billion: RMS

RMS, the Newark, Calif.-based catastrophe modeling company, estimates that insured losses from the Western and Central Europe flooding,...
 

Giant Container Ship, Which Blocked the Suez in March, Again Crosses the Canal

ISMAILIA, Egypt - The giant container ship Ever Given, which blocked the Suez canal for six days in March, crossed the waterway on Friday...
 

People Moves: Aon Reinsurance Appoints 6; TigerRisk Hires Edwards from Lloyd's; Nexus Names Tan Head of Treaty; Riveros to AXIS Re for Credit & Surety

This edition of International People Moves details reinsurance-related appointments at two brokers: Aon Reinsurance Solutions and...
 
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Insurance Journal Blogs and Columns

 

Contractor Materials Shortages and Materials Price Inflation

This post is part of a series sponsored by Old Republic Surety. The 2021 construction boom is great for your contractor clients, right?...
 
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Research and Webinars

 
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Addressing Professional Liability Risks for CPA Firms

With today's expanding technology and issues surrounding audits, cybersecurity, regulatory & tax reform challenges as well...
 
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State of the Market - Second and Third Quarter, 2021

It goes without saying, the last two years have not been easy. We have experienced some of the hardest market conditions most of...
 
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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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What's Next for the P&C Industry in 2021?

The 2021 P&C Market Outlook Executive Summary provides agents with a valuable breakdown of the price predictions for...
 
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The Challenges of Insurance for the Cannabis Industry

For brokers to successfully tap into cannabis-related business opportunities and ensure their clients have the right coverage, a...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 30: Product Liability Lawsuits Worth Watching in Cannabis

"There are plaintiff's attorneys out there that are actively trolling for cases involving...
 
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EP. 20: Hacking, But Make It Ethical: How 'The Good Guys' Are Boosting Cybersecurity

Sometimes, real life can be like the movies. At least, that's according to two ethical hackers...
 
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