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February 22, 2021
 
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National

 

Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses

If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the...
 

Risks of Business Failures 'Remain Considerable,' Says Fed

The risks of ongoing business failures in the United States "remain considerable" even as the economy emerges from the coronavirus...
 

Insurers Seek to Question Abuse Claimants, Lawyers in Boy Scouts Bankruptcy

The judge presiding over the Boys Scout of America bankruptcy is weighing a request by insurance companies for permission to serve...
 

Airlines Urged to Ground 777 Jets After United Falling Debris Incident

Boeing Co. urged airlines to suspend the use of 777 jets with the same type of engine that shed debris over Denver at the weekend after...
 

Researchers Testing If Wearable Wristwatch Can Detect COVID-19 Infection

University of Miami Miller School of Medicine researchers are recruiting health care workers to study whether a wearable device, a...
 

Big I Advantage Promotes Juratovic to Assistant Vice President for E&O

The Big "I" announced that Amanda H. Juratovic has been promoted to assistant vice president of errors & omissions operations at Big I...
 

How 2020 Challenged, Strengthened the Flood Insurance Industry

Last year was a year unlike any other – from fighting a global pandemic to facing a record-shattering hurricane season with 31 named...
 

4 Ways P/C Insurers Can Help Agents Keep Consumer Trust in the Digital Age

The pandemic has brought about a lot of change in every industry, but perhaps the most noteworthy trend for...
 
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East

 

Bills That Help First Responders Hit by COVID-19 Advance in Virginia

Virginia lawmakers have passed bills that allow certain first responders to file workers' compensation benefits for being disabled from...
 

Risk Strategies Promotes Hoffman, Smith to Managing Directors

Risk Strategies, a national specialty insurance brokerage and risk management firm, has promoted Tracy Hoffman and Matthew Smith to...
 

Ensurise Merges with Insurance Brokerage Operations of Howard Eales

Independent insurance agency Ensurise LLC has merged with the insurance brokerage operations of Howard Eales Inc., effective January 1,...
 
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Midwest

 

Indiana Governor Signs COVID-19 Liability Shield Legislation

Indiana businesses and others now have broad protections from lawsuits by people blaming them for contracting COVID-19 under a new state...
 

Former Iowa Insurance Agent Charged with Fraud, Money Laundering

A former Iowa insurance agent has been charged money laundering and fraud, among other charges, the Iowa Insurance Division reported....
 

Southeast Missouri Barn Fire Kills 10 Horses at Riding Academy

The Missouri State Fire Marshal is investigating the cause of a barn fire that killed 10 horses in southeast Missouri. The fire broke out...
 

Sioux Falls Settles Negligence Lawsuit Filed After Child's Drowning

The City of Sioux Falls has agreed to pay $500,000 to the mother of the 5-year-old girl who drowned in the river at Falls Park three...
 
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Southeast

 

Deep Freeze Causes Problems Across the South; Broken Water Mains Plague Cities

Workers in Tennessee raced Sunday to fix water mains that failed in freezing temperatures, and COVID-19 vaccine shipments resumed as the...
 

Miami Business Owners Accused of Evading $300K in Workers' Comp Premiums

An investigation by the Florida Department of Financial Services' Division of Investigative and Forensic Services (DIFS), Bureau of...
 

South Carolina County Rebuilds Network After Denying Hacker Ransom Demand

A South Carolina county continues to rebuild its computer network after what it called a sophisticated hacking attempt. Hackers sent an...
 

World Insurance Associates Acquires LCL Insurance of North Carolina

World Insurance Associates LLC (WIA) has acquired LCL Insurance LLC (LCL) of Charlotte, N.C. on Feb. 1, 2021. Terms of the transaction...
 
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Understanding Business Income
 
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South Central

 

Bursting Pipes, Sagging Roofs Strain Texas Adjusters, Contractors

After the big freeze in Texas comes the big thaw -- and the big demand for workers to repair the broken pipes and sagging roofs the...
 

Insurer Wins Covid-19 Business Interruption Case Filed by New Orleans Restaurant

A New Orleans judge has denied a motion for declaratory judgment that insurance coverage is owed to a restaurant for business income that...
 

Oklahoma Injection Wells Closed or Reduced After 4.2 Magnitude Quake

The injection of wastewater into underground wells by oil and natural gas producers has been stopped or reduced in the area where a...
 

Insurance Losses From Texas Storm May Set First Quarter Record: A.M. Best

Insurers could suffer record first-quarter catastrophe losses after the historic Texas winter storm, which crippled the state's...
 
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West

 

Fight Brewing over Insurer-Backed California Bill That Includes Autobody Shops

An insurance industry-backed California bill to create a new regulatory board for towing and storage companies under the California...
 

Parts Fall from Colorado Sky in Boeing 777 Scare

David Delucia was settling back into his airplane seat and starting to relax on his way to a long-awaited vacation when a huge explosion...
 

Drought Could Increase Fire Threat in Wyoming, Officials Say

Meteorologists in Wyoming have warned that low levels of precipitation across the state could increase the threat of wildfires over the...
 

Washington Port Commissioner Faces Suit over Helicopter Crash

Three people have filed a personal injury lawsuit against a Port of Skagit commissioner over alleged injuries sustained in a helicopter...
 

Cyberattack Strikes Pandemic-Besigned Navajo Nation Hospital

A pandemic-besieged hospital on the edge of the Navajo Nation says it has been the focus of a cyberattack. The nonprofit operator of...
 

California Bill Would Mandate Minimum Insurance Coverage at Rehabs

Assemblywoman Cottie Petrie-Norris, D-Laguna Beach, in collaboration with California Insurance Commissioner Ricardo Lara introduced a...
 
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International

 

QBE Reports Full-Year 2020 Loss of $1.5 Billion; No Final Dividend Declared

QBE officially announced a $1.5 billion bottom-line net loss for 2020 late last week, confirming a figure the Australia-based insurance...
 

About 1,000 EU Finance Firms, Such as Insurers, Eye Post-Brexit Outposts in UK

Around 1,000 European Union finance firms are expected to open their first offices in the UK after losing their passporting rights...
 

Israeli Insurtech Earnix Reaches $1 Billion Valuation After Financing Round

Israeli startup Earnix Ltd., which uses advanced analytics to help insurers and banks offer personalized financial products, reached a $1...
 

Uber's UK Court Loss Likely to Trigger More Complaints from Gig Workers Across Europe

Uber Technologies Inc.'s defeat in a UK legal battle over the way it treats its drivers is set to trigger a wave of complaints from...
 

Debris Could Threaten Operations in Space - as Well as Earthbound Activities

Hiscox, the specialist insurer, has called for action to tackle the growing problem of manmade space debris and the threat posed to...
 

Third Point Re Announces Appointments to SiriusPoint Leadership Team

Third Point Reinsurance Ltd. has announced additional executive and senior underwriting roles at SiriusPoint Ltd., the new company...
 
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Business Income Insurance Demystified
 
Business income coverage is arguably one of the most important coverages your commercial clients should have. Get THE book on the subject.
 
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Insurance Journal Blogs and Columns

 

Insurance Implications of Required Vaccines

Questions swirl around the available COVID vaccines. Some are medical questions and some are legal questions. The most common legal...
 
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Research and Webinars

 
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3 Ways to Jumpstart Your Agency Growth

Surviving as an independent agent is no longer the name of the game. Modern agencies want to grow their business more than...
 
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How Has COVID-19 Impacted Workers' Compensation

As a retail broker, you have likely addressed some tough pandemic-related questions from your business clients – from...
 
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Weigh Your Options on Starting Your Own Premium Financing Program

Agencies arranging financing to insureds through premium finance companies can increase their top and bottom lines by offering...
 
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Getting the Most Out of Your Agency Data

To succeed and grow in a digital-first world, insurance agencies need to know and use the data in their technology. Agencies...
 
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Broker Success Checklist

P&C brokers, are you helping your clients navigate their critical areas of risk? Businesses choose to work with brokers that...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP.18: Insuring Public Cannabis Companies is the Business to be in

Shares in cannabis companies soared during the trading week ending Feb. 12, spurred in part by...
 
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Diversity, Resilience, Innovation: Altmaier's NAIC Priorities for 2021

Florida insurance chief David Altmaier has a busy year ahead, and it won't just include...
 
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New Discussions in the Forums

 

Chrome or Internet Explorer

Posted: Wed Feb 17 -- How can any business survive without programming for Chrome? US-Insurance-Tech
 

How can a new agent obtain appointments?

Posted: Wed Feb 10 -- If you're just starting your transition or comparing aggregators, word of advice, review the contracts. "You own the book" has multiple... jdwebb
 
Go To Forums »
 
 

Reader Comments

 

NTSB Will Investigate Deadly 130 Vehicle-Plus Crash in Texas

Posted: Thu Feb 18 -- what? blame the transportation department because they can't remove all ice/snow from a highway in winter?! **news flash**: SLOW DOWN when... theOCG
 

Texas Leaders Failed to Heed Warnings About Vulnerability of Power Grid, Experts Say

Posted: Thu Feb 18 -- Not addressing this situation is like saying that when the sun shines there is no reason to fix a leaking roof. Texas residents and business... Hmmmmmm
 

In Texas's Black-Swan Blackout, Everything Went Wrong at Once

Posted: Wed Feb 17 -- So it's not the fault of the non-existent Green New Deal and responsibility should be placed on the leaders of the state? Rosenblatt
 

Why Industry Must Take Measurable Steps to Increase Diversity

Posted: Fri Feb 19 -- The industry should take greater steps towards stability and solvency.... Tiger88
 

California Commissioner Wants More Group Discounts for Lower-Income Drivers

Posted: Fri Feb 19 -- These regulations are really an assault on the middel class and really are short sighted. Many of the professions receiving these discounts... Observor
 
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