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December 21, 2020
 
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National

 

Aon Confirms EU Antitrust Probe of Merger with Willis Towers Watson

Aon plc confirmed that the European Commission (EC) has initiated a review of the company's proposed $30 billion bid for Willis Towers...
 

Moderna Vaccine Distribution Begins; CDC Urges Priority for Frontline Workers, Elderly

An advisory panel on Sunday recommended U.S. frontline essential workers and people 75 and older should be next in line to get inoculated...
 

Suspected Russian Hack of U.S. Government: Espionage or Act of War?

The suspected Russian hack of U.S. government agencies has led to heated rhetoric from lawmakers, with U.S. Senator Dick Durbin calling...
 

Files Raise Questions About Purdue Pharma Family's Transfer of $10B Over Decade

Members of the wealthy Sackler family, owners of OxyContin maker Purdue Pharma LP, have long denied that the $10 billion they transferred...
 

Court Allows Dr. Seuss's Estate to Sue ComicMix Over 'Star Trek' Mashup

Dr. Seuss's estate may sue the publisher of a "Star Trek"-themed "mash-up" of the famed children's author's final book because it was not...
 

Insuring Cannabis Summit: There Were Crop Risks Aplenty in 2020

Editor's note: This is part of a series of articles based on panels and presentations during Insurance Journal's 2020 Insuring Cannabis...
 

Cyber Experts Race to Secure Networks Following Broad Cyber Attack on U.S.

Russian hackers who broke into U.S. government agencies also spied on less high-profile organizations, including groups in Britain, a...
 
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Expect Shift in Workers' Comp Profitability in 2021: Fitch

Despite the economic challenges from the coronavirus pandemic, the workers' compensation insurance market is likely to report strong...
 
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How Insurers Can Move Past 'Unprecedented': 3 Lessons Learned in 2020

"Unprecedented" is hands-down the word of 2020. It has been used to describe everything that's occurred during the...
 
More National News »
 
 
 
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East

 

Licensing, Other Changes for Insurance Agents in Virginia to Take Effect Jan. 1

Changes in licensing, fees and continuing education due dates for insurance agents in Virginia will take effect January 1, 2021. These...
 

Bettencourt Approved as New Hampshire Deputy Insurance Commissioner

New Hampshire Governor Chris Sununu has approved the nomination of Policy Director D.J. Bettencourt as the next deputy commissioner of...
 

Hanleigh Hires Cremens as Sales Director in Connecticut Office

Hanleigh, a subsidiary of CRC Group - a nationwide wholesale distributor of specialty insurance products - has hired Scott Cremens as...
 
More East News »
 
 
 
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Midwest

 

Outlooks Revised to Negative for Iowa's United Fire Group, Property/Casualty Subs

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

J.M. Wilson Hires Cella, Tokarz as Assistant Underwriters in Illinois

Managing general agency and surplus lines broker J.M. Wilson has added Scott Cella as assistant property/casualty underwriter and Ryan...
 

Wichita, Kansas, Records More Quakes, Including Largest in 5 Years

Multiple earthquakes rattled Wichita, Kan., on Dec. 19, with the largest measuring 3.7 on the Richter scale. That makes the trembler the...
 

Wisconsin Dentist Accused of Breaking Teeth in Insurance Fraud Scheme

A Wisconsin dentist is accused of damaging his patients' teeth so that he could bill insurance companies for crown procedures. Scott...
 
More Midwest News »
 
 
 
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Business Income Insurance Demystified
 
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Southeast

 

Red Tide Reappears off Florida's Southwest Coast

Red tide is back in the waters off of Florida's southwest coast, making birds sick and killing fish, according to a state environmental...
 

49 Georgia Businesses Caught in 5-Person Burglary Ring

A Georgia prosecutor says a burglary ring hit 49 businesses a total of 58 times over four months, and five people are accused. Targets...
 

The Hilb Group Acquires Plan Benefit Services of South Carolina

The Hilb Group, LLC has acquired South Carolina-based Plan Benefit Services, Inc. (PBSI). The transaction became effective on Dec. 1,...
 

JM Wilson Adds Yohn as Assistant Transportation Underwriter in South Carolina

JM Wilson has has hired Jamie Yohn as assistant transportation underwriter in its Charleston, S.C., office. Yohn is responsible for...
 
More Southeast News »
 
 

South Central

 

Through November, Texas Surplus Lines Premium 12% Higher than Last Year

Texas surplus lines premium recorded by the Surplus Lines Stamping Office of Texas (SLTX) rose to $587.46 million in November. The...
 

Louisiana Private Employer Work Injuries, Illnesses Down Slightly in 2019

Recent Bureau of Labor Statistics (BLS) data show the incidence rate of work-related injuries and illnesses among Louisiana's private...
 

Judge Gives Oklahoma Bars, Restaurants Temporary Curfew Reprieve

Oklahoma bars and restaurants have effectively won a temporary reprieve from a curfew that has been forcing them to close early since...
 
More South Central News »
 
 
 
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West

 

Washington Drug Chain Settles over Invalid Prescriptions

The U.S. Department of Justice says it and Bartell Drugs have resolved allegations that the pharmacy chain filled invalid prescriptions...
 

Montana Requires $285M Cleanup Bond from Coal Company

Montana environmental regulators have forced the owners of a power plant to provide a $285 million cleanup bond, a move some local...
 

Small Earthquake Confirmed Near Colorado-Utah Border

A small earthquake hit a rural area Saturday near the Colorado-Utah border, the University of Utah Seismograph Stations confirmed. The...
 

California Workers' Comp Written Premium Down 12% over 9 Months of 2020

Workers' compensation written premium in California for the first nine months of 2020 was 12% below that for the first nine months of...
 
More West News »
 
 

International

 

Aon Confirms EU Antitrust Probe of Merger with Willis Towers Watson

Aon plc confirmed that the European Commission (EC) has initiated a review of the company's proposed $30 billion bid for Willis Towers...
 

Many Nations Close Borders to British Travelers over Fears of New Coronavirus Strain

DOVER, England - A slew of countries closed their borders to Britain on Monday over fears of a highly infectious new coronavirus strain,...
 

PM Johnson Faces Deal-Or-No-Deal Choice as EU Balks at UK's Brexit Demands

Boris Johnson faces a choice in the next few hours that will define his premiership: accept a trade deal with the European Union or go it...
 

Lloyd's Syndicate Dale and DUAL Launch MGU with Focus on U.S. Property Insurance

Dale Underwriting Partners and DUAL announced a new joint venture, Dale DUAL MGU Ltd. (DDML), in collaboration with Aviva with immediate...
 

UK Broker, Specialist Risk Group, to Be Acquired by Private Equity Firm HGGC

Specialist Risk Group (SRG), a London-based specialist insurance broker, announced it has signed a definitive agreement to be acquired by...
 
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
 
Insurance Journal's Academy of Insurance
 
 
 
 

Insurance Journal Blogs and Columns

 

Modernizing the Housing Economy: A 20/20 View of 2020

In the blink of an eye, COVID-19 reshaped our world. As the critical functions of the real estate, lending, and insurance economies began...
 
More Blogs »
 
 

Research and Webinars

 
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Real world examples of the modern insurance agency

Let's face it—the distribution channel has treated carriers, agents, and customers well in the past, but the digital world we...
 
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Three Ways to Thrive as an Insurance Agent in a Hard Market

The hard market is here and shows no signs of slowing down. While this period of the insurance cycle is often known as being the...
 
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How the Best Agencies Stand Out

Independent agencies today face an increasingly commoditized market, with new competitors constantly on the rise, and technology...
 
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Seismic Changes Ahead for D&O Insurance Segment

AM Best expects that the Directors and Officers (D&O) segment will soon undergo radical changes based on an examination of...
 
More research and webinars »
 
 

Insurance Journal TV

 
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ICS20 Soundbite: Capacity, Vaping Among Issues in Cannabis Industry Going Forward

Norman Ives, a wholesale insurance broker at Worldwide Facilities LLC specializing in custom...
 
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EP. 2: Forget the Stars, Insurers are Shooting for the Cloud

Recent research shows that more insurers are taking advantage of cloud technology for data...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

EEOC Releases Updated Guidance on COVID-19 Vaccinations and Employment Laws

Posted: Wed Dec 16 -- This and other reports go into detail on the subject of, If an employer requries vacinations. However I have really not seen anything... Mark B
 

Impact of Coronavirus on U.S. Economy Could Be $3-$5 Trillion Over 2 Years: USC Study

Posted: Mon Dec 14 -- Correction to the Headline: "Impact of Government Over-reaction on U.S. Economy Could Be $3 to $5 Trillion . . ." For those who approve of... craig cornell
 

Don't Force Employees to Get the COVID-19 Vaccine: Viewpoint

Posted: Wed Dec 16 -- Absolutely yes, employers should mandate that all their employees take the COVID-19 vaccination. Barry Rabkin
 

Hospital Charges Rise Despite Fewer Visits to Emergency Rooms

Posted: Fri Dec 18 -- These studies seem to never touch on the administrative/operating costs of the hospitals -- how much are salaries, benefits, etc., going to... Mr. Integrity
 

Tyson Fires 7 Managers at Iowa Plant Over Betting on COVID-19 Cases

Posted: Thu Dec 17 -- "The lawsuit claimed that plant managers misled workers about COVID-19, bet on workers catching the virus and allowed sick employees to... Rosenblatt
 
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