Insurance Journal
 
 

Today's Headlines

 
December 27, 2021
 
 

National

 

Did Builder Groups Block Insurance Industry Move to Require More Storm Shelters?

A 2012 insurance industry proposal to make tornado shelters part of the building code for large commercial and residential buildings was...
 

Capital One Cyber Settlement to Cost $190 Million

Capital One Financial Corp. agreed to pay $190 million to settle a class-action lawsuit that customers filed against the firm after a...
 

Hallmark Financial Cancels Plans for Specialty Insurance Spinoff and IPO

Hallmark Financial Services, Inc. announced last Thursday that it will no longer actively pursue a previously announced separation of its...
 

Workplace Fatalities Fell 10.7% During Pandemic in 2020 But Severe Illness Cases Rose

During the pandemic, worker deaths decreased by 10.7% in 2020 compared to 2019, with 4,764 fatal workplace injuries, according to the...
 

Supreme Court to Take Up COVID Mandate Jan. 7

The Supreme Court will hear oral arguments Jan. 7 on whether the Biden administration can order workers at private companies and health...
 

Unions Say Meat Plants Relaxed COVID-19 Safety Measures After Outbreaks

Smithfield Foods, the world's largest pork producer, last year assigned a team of dedicated employees to enforce social distancing and...
 

FWD Group Withdraws U.S. IPO Plan, Pivoting Instead to Hong Kong

FWD Group Ltd., the Hong Kong-based insurer backed by billionaire Richard Li, withdrew its U.S. initial public offering as China tightens...
 

What Do You Do With Emerging Interest Risks?

Every emerging risk strategy must begin with a horizon scan. At Praedicat, our strategy is to scan the scientific...
 
More National News »
 
 

Insurance Jobs

 

Personal Lines Account Manager - Licensed Agent - B.H. Gold Insurance Agency - San Diego, CA + remote

 

Risk Control Consultant - United Fire Group - San Antonio, TX

 

Group Health - Disability Claims Adjuster / Examiner - Work At Home Vintage Experts - Remote

 

Field Sales Territory Manager - Foremost Insurance - Foremost Insurance by Farmers Insurance - Seattle, Washington

 

Partnership Account Manager - Semsee - New York, NY

 
 
 

East

 

New Hampshire Restaurant Fined After Fatal Crash by Intoxicated Customer

The New Hampshire Liquor Commission has fined a restaurant in Windham, New Hampshire, $2,500 and suspended its liquor license for 10 days...
 

New York Man Charged with Insurance Fraud in Stolen Tractor Scheme

The New York State Police in Brunswick arrested 53-year-old Michael LePage of Glens Falls, New York, on December 17, 2021, for insurance...
 

People Moves: DealerPolicy Hires Super, Cross Insurance Promotes Burton

DealerPolicy Appoints Super as Head of Agency Solutions DealerPolicy, an insurance marketplace for automotive retail, appointed Tom Super...
 
More East News »
 
 

Midwest

 

Contractor Dies in Fall at Illinois Caterpillar Foundry

A contractor working at a Caterpillar Inc. foundry in central Illinois fell to his death when he apparently stepped off a ladder at the...
 

Minnesota Medical Device Company to Pay S.D. $400K in Kickback Settlement

Minnesota-based Medtronic has agreed to pay $400,000 to South Dakota to resolve allegations that it paid kickbacks to a neurosurgeon,...
 

Serial Arsonist Strikes Small Missouri Town 20 Times

Investigators in a small southern Missouri town are trying to determine the identity of a serial arsonist who is believed responsible for...
 
More Midwest News »
 
 

Southeast

 

King Insurance Acquires Three More Agencies

King Insurance, a Florida-based insurance broker and employee benefits firm, has acquired three agencies in Florida and Georgia, bringing...
 

As Charleston Seawall Looms, Some Seek More Natural Methods

CHARLESTON, S.C. (AP)--A plan to build a $1.1 billion seawall around much of downtown Charleston is leaning toward relying on concrete...
 
More Southeast News »
 
 

South Central

 

Fire at Texas ExxonMobil Refinery Injures 4

Crews extinguished a large fire at a Houston-area refinery that broke out early Dec. 23, injuring four people. The fire started at about...
 

Congressional Panel to Investigate Astroworld Concert

A congressional committee has launched an investigation into the promoter of the Astroworld music festival in Houston, in which 10 people...
 

Federal Relief Funding Available in Five Arkansas Counties Following Tornadoes

President Joe Biden has declared a major disaster in Arkansas, making federal relief funding available in five north eastern counties hit...
 

New Orleans-Based Oil Company Agrees to $475M Settlement over Oil Spill

A New Orleans-based oil company has agreed to turn over a $432 million cleanup trust fund and pay an additional $43 million to settle a...
 

World Insurance Associates Acquires Total Coverage Insurance in Texas

World Insurance Associates LLC has acquired Total Coverage Insurance of Irving, Texas. Terms of the transaction were not disclosed. TCI...
 
More South Central News »
 
 

West

 

Takeaways from Our Conversation on Insuring Cannabis in 2022

Insurance rates in key lines for cannabis businesses may be heading up 10% or more next year. That was one of the predictions made by an...
 

$4M Settlement in Washington Foster Abuse Case

The state of Washington has agreed to a $4 million settlement for two former foster children who were abused and sexually assaulted. The...
 

$100K for Protest Lawsuit Settlement in Oregon Approved

The City Council in Portland, Oregon, unanimously approved of paying $100,000 to settle a federal lawsuit filed against police by a man...
 

People Moves: Alliant Names Walter Vice President; Foresight in California Promotes Bruce and Lachowski

Alliant Insurance Services named Adam Walter a vice president within its employee benefits group. based in Phoenix, Arizona. Walter will...
 
More West News »
 
 

International & Reinsurance

 

This Year's 10 Worst Climate Disasters Cost $170 Billion: Study

Ten of this year's most destructive weather events cost a combined $170 billion in damages, according to a new study. Hurricane Ida, a...
 

Italian Judge Drops Case Against Unipol CEO Over Merger With Insurer Fondiaria

An Italian judge on Thursday dropped a case against the CEO of Unipol and six other people related to the 2013 merger between Italy's...
 

Australia's Adani Coal Mine Nears 1st Shipment, Despite Climate Activists' Campaign

MELBOURNE - India's Adani Group is preparing to ship the first coal cargo from Australia's most controversial mine, after battling a...
 

Marsh Increases Shareholding in Marsh India from 49% to 92%

Insurance broker Marsh announced that it has increased its shareholding in Marsh India Insurance Brokers Pvt. Ltd. from 49% to 92%. Marsh...
 

Canopius Completes Loss Portfolio Transfer Agreement With Legacy Acquirer Riverstone

Canopius Group, the London-based global specialty re/insurer, announced it has completed a loss portfolio transfer (LPT) agreement with...
 

UK Broker Ardonagh to Acquire Portugal's MDS Group

UK broker Ardonagh Group announced it has agreed to acquire Portuguese broker MDS Group. Headquartered in Porto, MDS has offices in...
 

Lloyd's Asia Launches Renewable Energy Consortium

Lloyd's has launched a new renewable energy consortium, to respond to the growing needs of the Asia-Pacific region and supporting...
 
More International & Reinsurance News »
 
 
 
 
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Insurance Journal Blogs and Columns

 

Why Small MGA Teams Should Automate Compliance

This post is part of a series sponsored by AgentSync. Small but mighty is the realest of deals. Yet, even (or especially, depending on...
 
More Blogs »
 
 

Research and Webinars

 
research

Pair your expertise with the speed your clients want and need.

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

Achieving more scalable growth and improving your employee experience

Discover how your company can attract and retain top talent and manage growth with technology that simplifies office space...
 
research

The MGA's Guide to Producer Licensing and Compliance through Technology

MGAs face regulatory challenges from all directions and insurance laws vary by state, making the management of producer...
 
research

Agent Involvement Makes a Difference During Disaster

Your response to a client's disaster is the key to customer satisfaction, retention, and referrals.  Playing a role in your...
 
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...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 39: Expert Says Cannabis Insurance Rates for Cyber, EPL, Property to Rise in 2022

A survey of 200-plus cannabis insurance-focused professionals at one of the largest brokers in...
 
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EP. 28: Looking in the Rearview Mirror: Cyber Lessons Learned from 2021

The year is coming to an end and cyber insurers as well as their clients may be reflecting on...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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