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Today's Headlines

 
January 11, 2021
 
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National

 

New Law Forces Shell Companies to Disclose Owners, Expands Whistleblower Awards

For years as a federal prosecutor in New York, Daniel R. Alonso led teams that had to search through a maze of anonymously owned...
 

The Gig Economy, Auto Insurance and Surplus Lines

Automobile insurance looks very different today than it did a generation ago. The means by which people (and goods) travel via motor...
 

Voting System Firm Files $1.3B Defamation Lawsuit Against Pro-Trump Lawyer Powell

Dominion Voting Systems filed a defamation lawsuit against lawyer Sidney Powell on Friday, seeking at least $1.3 billion for Powell's...
 

Safety Agency Dismisses Claims of Faulty Acceleration Against Tesla

The National Highway Traffic Safety Administration (NHTSA) said it would not grant a petition seeking a formal review of 662,000 Tesla...
 

Here's What's New in U.S. Small Business Pandemic Paycheck Protection Program

The Small Business Administration launches on Monday more Paycheck Protection Program loans to help small businesses weather the...
 

Boeing to Pay $2.5B to Settle With Justice Department Over 737 MAX Crashes

Boeing Co. will pay more than $2.5 billion in fines and compensation after reaching a settlement with the U.S. Department of Justice over...
 

Tamayo Returns as CEO of MAPFRE North America; Joined by Corral

Jaime Tamayo is returning to MAPFRE North America to be chief executive officer, a post he relinquished in 2016 after eight years to...
 
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Lloyd's Perspective on the U.S. Property Insurance Environment

While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd's market who were in the process of...
 
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Insuring the Freelance Economy

There are some 65 million freelance workers in the U.S. today. By 2027, that number will grow to 87 million--and that...
 
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East

 

Massachusetts Lawmakers Pass Sweeping Climate Change Bill

Massachusetts Governor Charlie Baker said last week he is reviewing legislation passed by lawmakers that would overhaul the state's...
 

USG Insurance Services Hires Kinkaide as a Producer in Philadelphia Branch

USG Insurance Services Inc., a national wholesaler and managing general agency, has hired Cody Kinkaide as a producer/broker for...
 

Smith Brothers Insurance Acquires New York-Based Shank & Falvey Insurance

Smith Brothers Insurance has acquired New York-based independent insurance broker Shank & Falvey Insurance, with locations in East...
 
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Midwest

 

Kansas Supreme Court Backs Workers' Compensation Law

The Kansas Supreme Court has upheld a state law that governs how much money workers who are injured on the job can collect. The court...
 

MJ Insurance Adds Crossland, Bushelle and Young in Indiana

MJ Insurance has hired Holden Crossland as employee benefits consultant, Branden Bushelle as database analyst and Matthew Young as risk...
 

Body of Second Worker Recovered After Ohio Power Plant Collapse

The body of a second worker killed in a power plant collapse in southern Ohio has been recovered, his employer said on Jan. 9. Relatives...
 

South Dakota Gov. Orders Legal Challenge to Recreational Pot Measure

South Dakota Gov. Kristi Noem has issued an executive order to officially direct a lawsuit challenging a voter-approved constitutional...
 
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Southeast

 

Kentucky Lawmakers Pass Bills Limiting Gov's Authority on Pandemic Restrictions

In a stinging rebuke of the Democratic governor's response to COVID-19, Republican lawmakers on Saturday gave final passage to bills...
 

Aspiring Rapper Admits to Starting Fires at South Carolina Governor's Rental Homes

An aspiring rapper who performed under the name "Dank Frank" won't spend any more time in jail for burning down two rental houses owned...
 

Blackstone Makes 'Significant' Investment in Florida-Based SUNZ Holdings

SUNZ Holdings, LLC has announced that funds managed by Blackstone Tactical Opportunities (Blackstone) have acquired a significant stake...
 

InsureTrust of Atlanta Adds Burke as Account Manager

Atlanta-based INSUREtrust has added Tara Burke as an account manager. Before joining INSUREtrust, Burke worked as a Risk Management...
 
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Understanding Business Income
 
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South Central

 

Texas Denies Windstorm Insurer's Rate Hike Request

Texas regulators have denied a request for a 5% rate increase by the state's insurer of last resort for wind and hail for properties...
 

Louisiana Woman Uses TikTok Videos in Storm Claims Fight

One Lake Charles, La., woman credits the power of social media in getting one step closer to having her hurricane-damaged home repaired...
 

McGriff Names Dessauer in Houston as West Region Leader

McGriff is has promoted Patrick Dessauer to regional insurance president for McGriff's West Region. He will be based in McGriff's Houston...
 

Oklahoma Judge Extends Curfew Reprieve for Bars, Restaurants

An Oklahoma judge has extended a temporary restraining order allowing bars and restaurants across Oklahoma to stay open past an 11 p.m....
 
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West

 

California Hospital Fined for Deadly Post-Holiday Virus Outbreak

Kaiser Permanente has been fined $43,000 for failing to report a deadly coronavirus outbreak that may have been caused by an inflatable...
 

InterWest Insurance Acquires Sierra Gold in California

InterWest Insurance Services has acquired Sierra Gold Insurance Services in Nevada City, Calif. Terms of the deal were not disclosed....
 

Colorado City Settles with Man Shot by Stun Gun for $875K

The Boulder City Council in Colorado has approved an $875,000 settlement with a man who was injured after a police officer shot him with...
 

Sponsored: First Cap Writing Calif Admitted Dwelling Fire Program as Alternative to FAIR Plan.

San Diego, CA First Cap Property Insurance Solutions has announced a new admitted Dwelling Fire program for California residential risks...
 
More West News »
 
 

International

 

Russian Spy Tools Linked to SolarWinds Hack, Says Cyber Security Firm Kaspersky

The group behind a global cyber-espionage campaign discovered last month deployed malicious computer code with links to spying tools...
 

Sriwijaya Air Crash Puts Indonesia's Poor Air Safety Record Under Fresh Scrutiny

SYDNEY/JAKARTA - Indonesia's poor air safety record is again in the spotlight after a Sriwijaya Air jet carrying 62 people crashed into...
 

Canadian Insurtech Apollo Closes $13.5 Million Funding Round

Apollo Insurance Solutions Ltd., the Toronto-based online insurance company, announced it has closed an oversubscribed $13.5 million...
 

Broker New Dawn Risk Launches UK Division as Alternative to Big Brokers

New Dawn Risk, the international specialist insurance intermediary, announced the launch of a new division focused on the UK market. It...
 
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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

 

One Catastrophic Failure to Manage Risks

Wednesday, January 6, 2021, was a historic day in the US. It could have been historic because the US Congress was voting to certify an...
 
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Research and Webinars

 
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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...
 
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7 Ways Insurers Should Use Technology to Augment Their Teams

For the Insurance industry, digital transformation has shifted from the 3 - 5 year plan to the 6 month plan. That transformation...
 
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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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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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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...
 
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Reader Comments

 

Drugmakers Plan to Raise Prices in New Year: Reuters, 3 Axis Advisors

Posted: Mon Jan 4 -- Now that they know Biden is in office, they will clean house and we will go back to the old system where the USA will subsidize the rest of... Agency
 

Ethics and Insurance Fraud

Posted: Thu Jan 7 -- A well meaning opinion. But the evidence does not connect ethical behavior and success. In fact, our business is filled with people who... Craig Winston Cornell
 

Biden's Choice for Labor Secretary — Boston's Mayor Walsh— Signals Pro-Worker Policy

Posted: Fri Jan 8 -- Trump is gone, Planet. Get a new Hate Target. And did you ever notice that American unions have almost disappeared in the private sector... Craig Winston Cornell
 

Florida Court Upholds Policyholder Right to Assign Benefits

Posted: Tue Jan 5 -- These types of cases (AOB, inflated attorney's fees, unauthorized work repairs before inspections) have to start trending insurance... Tiger88
 

Earth Draws Closer to Climate Change Tipping Points After Another Year of Record Heat

Posted: Fri Jan 8 -- History will show that the very people who said they "believed" in climate change could never agree on the right tactics to confront it.... Craig Winston Cornell
 
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