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January 25, 2021
 
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National

 

Nearly Two-Thirds of Global Catastrophe Economic Losses Unaddressed by Insurance

There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion - 8% above the average annual...
 

DuPont, Chemours Reach Pact Over Liability for 'Forever Chemicals' PFAs Pollution

The Dupont Co. and its spinoff business Chemours have agreed to resolve legal disputes over environmental liabilities for pollution...
 

Wrongful Death Suit Filed Against NRA, Gunmaker, Shooter Over Synagogue Attack

The son of a couple killed in a Pittsburgh synagogue attack that killed 11 worshippers is suing the National Rifle Association, arguing...
 

Foley's SPAC in $7.3B Deal to Take Blackstone's Benefits Firm Alight Public

A blank-check firm backed by prominent investor Bill Foley has agreed to take Alight Solutions LLC, the U.S. benefits services provider...
 

United Airlines CEO Urges Employers to Mandate COVID-19 Vaccines

United Airlines may make the COVID-19 vaccine mandatory for employees, and other companies should do the same, United Chief Executive...
 

MyFloodInsurance.com Expands Flood Tool to Real Estate Agents, Homebuyers

MyFloodInsurance.com has been expanded to allow for real estate agents and homebuyers to receive instant flood insurance quotes from...
 

Insurance Journal's 2021 Agency Salary Survey Open

Insurance Journal is once again seeking independent agency owners, principals, producers, CSRs -- the entire agency -- to participate in...
 

Ongoing Pandemic Brings Workforce, Risk, Policy Challenges for Insurers

Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to...
 

Responding to the Impact of COVID on Workers Comp

The workers compensation system has faced extraordinary challenges in the past 12 months. They just aren't the same...
 
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Understanding Business Income
 
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East

 

New York Court: Uber Drivers Are Employees Eligible for Unemployment Insurance

The New York Supreme Court, Appellate Division, Third Judicial Department held at the end of December that Uber drivers can be considered...
 

Fire on Prudence Island Destroys Three Homes

Three homes were destroyed and two others were damaged in a Thursday night fire on Prudence Island, Rhode Island, fire officials said....
 

Pennsylvania Water Customer in Arrears Burned Workers with Acid

A Pennsylvania woman who didn't pay her water bill has been charged with felonies including the use of weapons of mass destruction after...
 
More East News »
 
 
 
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California Homeowners Insurance (HO-3)
 
Now offering reduced rates on our Preferred Homeowners program in several CA counties and Mortgage Payment Protection for up to 12 months.
 
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Midwest

 

Nebraska Supreme Court Says Suit Against MUD in Omaha Fire Can Proceed

The Nebraska Supreme Court is allowing a lawsuit to continue against an Omaha natural gas utility for a 2016 fire that destroyed part of...
 

Heinz Joins Lockton from Aon as Partner in Transaction Liability Practice

Kansas City, Mo.-based Lockton has added Matt Heinz as a partner in its Transaction Liability practice. Heinz will co-lead the group with...
 

Unions File OSHA Complaint Over No Mask Mandate at Iowa Capitol

A labor union representing state workers has filed a complaint with the state Occupational Safety and Health Administration, arguing that...
 
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Southeast

 

Keeping Up with Changes in Florida's Growing Private Flood Market

Flooding is America's number one natural disaster and as the highest "at risk" state in the country, Florida is the epicenter for all...
 

Teen Accused of Stealing Nearly $1M from Georgia Supermarket

A suburban Atlanta teenager has been arrested on charges that he defrauded a supermarket where he worked of nearly $1 million over a...
 

Former Kentucky Mine Safety Director Pleads Guilty to Dust Monitor Tampering

A safety director at a Kentucky coal mine has pleaded guilty to a federal charge of rigging dust monitoring in underground mines. Steve...
 

Tennessee Insurance Dept. Makes Multiple Leadership Changes

The Tennessee Department of Commerce & Insurance (TDCI) has announced multiple senior leadership role additions and staffing updates from...
 
More Southeast News »
 
 
 
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South Central

 

Insurance Industry Veterans Launch Upland Capital Group in Dallas

Upland Capital Group (Upland), a Dallas-based specialty insurance business led by long-time insurance and investment executives has...
 

Arkansas' Tyson Foods to Pay $221.5M to Settle Price-Fixing Claims

Springdale, Arkansas-based Tyson Foods, the nation's largest meat supplier, said it will pay more than $200 million to settle a...
 

IMA Adds Maier as VP in Houston Energy Practice

Insurance brokerage firm, IMA Inc., has hired veteran underwriting professional Conrad Maier as vice president in the company's...
 
More South Central News »
 
 

West

 

Las Vegas Gym Sued over Gymnastics Coach Abuse Allegations

Eight women who were taught by a former USA Gymnastics coach now facing lewdness and sexual assault charges are suing the Las Vegas gym...
 

Man Pleads Guilty to Deaths of 36 in California Warehouse Fire

The master tenant of a San Francisco Bay Area warehouse where 36 people perished when a fire ignited during a 2016 dance party pleaded...
 

Jumpstart Parametric Earthquake Firm on Move in West

Jumpstart Insurance Solutions Inc. is on the move in the earthquake-prone West - and the company is now working with insurance agents....
 

California Construction Worker Charged with Workers' Comp Fraud

Jose Zepeda, 45, of Fresno, Calif., self-surrendered this week on multiple felony counts of insurance fraud and attempted perjury after...
 
More West News »
 
 
 
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International

 

Nearly Two-Thirds of Global Catastrophe Economic Losses Unaddressed by Insurance

There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion - 8% above the average annual...
 

S. Africa Insurer Santam Begins Processing 4,000 Business Interruption Claims

JOHANNESBURG-- South African insurer Santam Ltd. said on Monday it will start processing business interruption claims for all commercial...
 

'Totally Destroyed' Indonesia Jet in Java Sea Makes Search Almost Impossible

Bayu Wardoyo tends to skip the 6 a.m. breakfast of Indonesian fried rice served to divers on the ship searching for wreckage of the...
 

Volkswagen Talks Damages Claims Against Chip Suppliers Over Shortages

German car manufacturer Volkswagen is in talks with its main suppliers about possible claims for damages due to a shortage of...
 

Australian Securities Regulator Suffers Cyber Security Breach

Australia's securities regulator said on Monday there was a cyber security breach at a server it used to transfer files including credit...
 

Libor Remains a Big Problem, But At Least It's Getting Smaller

Untangling the vast global derivatives industry from Libor just got a bit easier. The London interbank offered rate is hardwired into...
 

Brazil Miner Vale, State Authorities Narrow Differences in Disaster Settlement: Reuters

Brazilian miner Vale SA and state authorities narrowed their gap in a potential settlement deal over the Brumadinho mining disaster to 11...
 
More International News »
 
 
 
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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's Academy of Insurance
 
 
 
 
 
 
 
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Insurance Journal Blogs and Columns

 

If the Nashville Bombing is Considered a "Terrorist" Act, Does that Trigger the Terrorism Exclusion?

A Christmas Day explosion rocked Nashville, Tennessee. Officials believe 63-year-old Anthony Q. Warner is responsible for the blast that...
 

The Company You Keep Can Make All the Difference for Your Small Business Clients

This post is part of a series sponsored by Hanover Insurance Group Inc. Tens of thousands of small businesses have changed the way they...
 
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Research and Webinars

 
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Guide to Administering 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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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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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...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

Florida's Property Insurance Market Is 'Spiraling Towards Collapse' Due to Litigation: Report

Posted: Wed Jan 20 -- 500 litigation lawyers at the bottom of the ocean is a good start. Common Sense
 

Biden Revokes Keystone XL Pipeline Permit; Construction Halted

Posted: Fri Jan 22 -- Symbolism? Big time. Job killing? Big time. (Sorry about you 11,000. people out of work today . . ) Climate saving? Not at all. The oil will... Craig Winston Cornell
 

Lawmakers Sought to Ban Facial Software Being Used to ID Capitol Attackers

Posted: Tue Jan 19 -- Hilarious article, so see-through. "Facial Recognition Software to Target BLM Rioters" BAD!. Congress should ban this. "Facial Recognition... Craig Winston Cornell
 

Biden's Climate Accord Move Welcomed by World Leaders

Posted: Fri Jan 22 -- "Welcomed by World Leaders" but for those of us hundreds of thousands of Americans (and immigrants, legal or otherwise) who are about to... Tiger88
 

Supreme Court Hears Baltimore's Climate Change Damages Claim Against Energy Firms

Posted: Wed Jan 20 -- I am gathering support for a lawsuit against California energy companies for arbitrarily raising the costs of energy for the poor and middle... Craig Winston Cornell
 
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