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December 7, 2020
 
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National

 

Bankrupt Store Chain Sells $175M Unpaid COVID Insurance Claim to Pay Debt

There's an unusual asset up for grabs in Century 21 Stores' going-out-of-business sale: a stake in its long-shot legal fight against...
 

EU Privacy Agency Does Not Expect New EU-US Data Privacy Accord Any Time Soon

Companies hoping the EU and the new U.S. administration will soon strike a new transatlantic data transfer pact to replace one struck...
 

AI Ethics Scholar's Exit Adds to Google's Employment Practices Woes

Prominent artificial intelligence scholar Timnit Gebru helped improve Google's public image as a company that elevates Black computer...
 

30 Major League Baseball Teams Sue insurers Over Lost Revenue Due to Coronavirus

Major League Baseball and all 30 of its teams are suing their insurance providers, citing billions of dollars in losses during the 2020...
 

Nice Home Office You Got There. Who's Paying for It?

In the past, home offices were often an afterthought: Ill-equipped, cramped, and a little dusty from only occasional use. Now in 2020,...
 

Truist on Track for 5 Acquisitions to Boost Its Wholesale Insurance Business

Charlotte, N.C.-based Truist Insurance Holdings reported that it will complete five insurance acquisitions this quarter, adding more than...
 

Nonprofits Insurance Alliance Launches Communicable Disease Coverage

Nonprofits Insurance Alliance (NIA), a property and casualty (P&C) carrier exclusively serving 501(c)(3) organizations, has launched a...
 

EverQuote Employees Mourn Sudden Passing of Co-Founder, CEO Birnbaum, 47

Seth Birnbaum, the entrepreneur co-founder and chief executive officer of the Cambridge, Mass.-based online insurance marketplace...
 

What Will the Senior Living Market Look Like for Insurers Post-Pandemic?

Property/casualty insurance for senior living facilities has taken a hit this year. The insurance market has been hardening for the last...
 

More Emerging Risks for 2020: Insurance Costs for Violence Unclear

When I wrote about emerging issues facing the property/casualty insurance industry for Carrier Management early in 2020...
 
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East

 

Virginia Governor to Name Ex-Administration Official as Top Regulator

Virginia Governor Ralph Northam said Wednesday he will appoint an attorney and former member of his administration to a soon-to-be vacant...
 

BRP Group Acquires Virginia's Armfield, Harrison & Thomas

BRP Group Inc., an independent insurance distribution firm delivering tailored insurance solutions, has acquired all of the outstanding...
 

Crawford & Company Appoints Hagenbucher as Managing Director in New York

Crawford & Company, a publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and...
 
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Midwest

 

Number of Boats Destroyed in Michigan Marina Fire Likely in the Hundreds

A fire on Dec. 4 destroyed an enormous building loaded with hundreds of boats stored for the winter in southeastern Michigan, sending...
 

Illinois Insurance Director Muriel Leaving; Whalen to Lead Department in Interim

Illinois Department of Insurance Director Robert Muriel is leaving his post on Dec. 11, 2020, the department reported. IDOI's Chief...
 

Migrant Farm Workers from Texas Allege Pesticide Exposure in Illinois

More than two dozen migrant workers from Texas allege they were sprayed with toxic pesticides while working in Illinois cornfields,...
 

Criminal Counts Dismissed Against 3 Employees in Missouri Duck Boat Deaths

A federal judge has dismissed neglect and misconduct charges against three employees of a tourist boat that sank on a Missouri lake in...
 
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Southeast

 

Louisville Approves Police Oversight Board to Investigate Complaints, Killings

Officials in Kentucky's largest city have approved the formation of a police oversight board. The Louisville Metro Council voted last...
 

Firefighter, 2 Others Injured by Gas Leak Explosion at Florida Home

A firefighter and two residents were injured in an explosion caused by a gas leak at a home in Bradenton, Fla., fire officials said. The...
 

SIU Adds Mote to Commercial Garage Underwriting Team in Georgia

Southern Insurance Underwriters, Inc. (SIU) has added Robin Mote to the Commercial Garage Underwriting team. Mote comes to SIU with more...
 

PointeNorth Insurance Group Acquires 3 Southeast Insurance Agencies

PointeNorth Insurance Group, LLC (PNIG), a locally owned and operated independent insurance agency in the Southeast, has increased its...
 
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Business Income Insurance Demystified
 
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South Central

 

7 Injured in Storage Tank Explosion at Texas Petroleum Facility

Seven contractors were injured, four critically, when a storage tank at a petroleum facility in Texas exploded after catching fire on...
 

USDA Names Louisiana Hurricane Natural Disaster Areas; Ag Producers Eligible for Aid

The U.S. Department of Agriculture (USDA) has designated several parishes disaster areas as a result of damage and losses caused by...
 

Dual FEMA Programs Aim to Provide Housing for Louisiana Hurricane Victims

Louisiana residents affected by Hurricanes Laura and Delta could be eligible for temporary housing under two federally administered...
 
More South Central News »
 
 

West

 

PG&E Rate Hike in California Aimed at Easing Wildfire Risk

Pacific Gas & Electric's household customers will be hit with an average rate increase of 8% to help the once-bankrupt utility pay for...
 

Washington City Settles Shooting Lawsuit for $8M

The city of Tacoma, Wash., has agreed to an $8 million settlement for a man who was paralyzed and had his legs amputated after being shot...
 

Arizona Insurance Agent Who Kept Premiums Gets 2.5 Years in Prison

A Buckeye, Ariz., woman who ran an insurance brokerage firm but kept premiums her clients intended to pay for their policies has been...
 

Alera Group Acquires Legacy Risk & Insurance Services in California

Alera Group has acquired Legacy Risk and Insurance Services LLC in California. Legacy Risk is a provider of property/casualty solutions...
 

California Workers' Comp Attorney Arrested for $310K Fraud Scheme

Moses Luna, 73, of Newport Beach, Calif., was arrested this week on 20 felony counts of insurance fraud after allegedly billing 20...
 
More West News »
 
 

International

 

Fears Grow of No-Deal-Brexit Chaos as EU-UK Standoff Continues

BRUSSELS/LONDON - Post-Brexit trade talks hung in the balance on Monday as Britain and the European Union made a last-ditch attempt to...
 

EU Privacy Agency Does Not Expect New EU-US Data Privacy Accord Any Time Soon

Companies hoping the EU and the new U.S. administration will soon strike a new transatlantic data transfer pact to replace one struck...
 

Norway Bank DNB Faces Fine for Failure to Comply with Money Laundering Rules

Norway's biggest bank has been warned that it may be fined 400 million kroner ($45 million) for failing to comply with anti-money...
 

German Prosecutors Open Investigation into EY Auditors over Wirecard Collapse

MUNICH - German prosecutors on Friday opened an investigation into partners at EY who audited Wirecard , after an accounting watchdog...
 

Cost of Postponing Tokyo Olympics Could Reach $2.8 Billion

TOKYO - The cost of the postponement for the Tokyo Olympics could reach about $2.8 billion, according to figures released Friday [Dec. 4]...
 

Cathay Pacific Collaborates with AXA to Provide Free COVID-19 Insurance to Passengers

Cathay Pacific is collaborating with AXA General Insurance Hong Kong Ltd. to provide free COVID-19 coverage to all passengers. Customers...
 

CPP Group UK and Partners& Offering Cyber Risk Assessment Tool

CPP Group UK and Partners& are now offering access to a risk management tool to help brokers and their customers identify and mitigate...
 

UK Insurer Aviva Appoints AIG's Winslow as CEO of International

Aviva announced the appointment of Adam Winslow as CEO of International. This is a new role at Aviva and Winslow will join the group...
 
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
 
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Research and Webinars

 
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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...
 
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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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Discover All the Inherent Risks of a High Net Worth Individual

High net worth individuals and their families --- those with liquid assets of more than $1 million -- have an extensive variety...
 
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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...
 
More research and webinars »
 
 

Insurance Journal TV

 
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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...
 
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EP. 14: What an Election Green Wave in Five States Means for the Industry, Insurers

Elections Part II Nov. 3 came and went, and while there's some still contentious feelings...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

Insurers Winning Most, But Not All, Covid-19 Business Interruption Lawsuits

Posted: Mon Nov 30 -- Insurers must be held accountable TO THE CONTRACT LANGUAGE ! Full stop ! That means that most, if not all of the BI claims triggered by the... Barry Rabkin
 

Trials Delayed, Cases Pile Up as Too Few Jurors Show Up Amid Coronavirus

Posted: Mon Nov 30 -- I live in the DFW area, Dallas County. When called for jury duty, the central jury room usually has close to 1000 people on a Monday. I... TxLady
 

Many Californians Being Left Without Homeowners Insurance Due to Wildfire Risk

Posted: Fri Dec 4 -- If you wish to build or buy a home in a high-hazard area (no matter the specific hazard in question) be ready to handle the premiums or... WinSpin
 

Justice Department Charges Facebook With Hiring Bias Against U.S. Workers

Posted: Fri Dec 4 -- This is not a new story, been around for years, but it is disturbing how major companies run the risk in their hiring practices to save a... Mr. Integrity
 

Insurers Looking Into Rise in Lawsuits Against Firms Over Lack of Diversity

Posted: Tue Dec 1 -- It's sad that at this point it's doubtless that the clueless, racist members of the right will moan and wail about this, likely refusing to... Jon
 
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