Insurance Journal

Today's Headlines

July 12, 2021
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National

Liberty Mutual to Acquire State Auto Group

Insurer Liberty Mutual reported that it will acquire State Auto Group, a super-regional insurance holding company headquartered in...

Forecasters Raise Number of Expected Storms for Hurricane Season to 20

Researchers from Colorado State University boosted their prediction for named tropical storms in the 2021 Atlantic hurricane season in a...

It's Right to Worry About Nightmare Climate Scenarios: Viewpoint

It's hot out. It's getting hotter. The climate memes practically write themselves: "Think this summer is hot? Consider it the coolest of...

Applied Underwriters Acquires Generali's U.S. Specialty Lines Division

Applied Underwriters has acquired the U.S. Specialty Lines division of Generali Group including Generali Warranty Services, which offers...

All But a Few States Now Back Purdue Pharma, Sackler Family Bankruptcy Deal

Fifteen more states reached an agreement with Purdue Pharma LP and members of its wealthy Sackler family owners that moved the OxyContin...

Former Player Sues Baseball Hall of Fame Over Mickey Mantle's Bat

Former New York Yankees star Joe Pepitone has filed a lawsuit against the National Baseball Hall of Fame and Museum seeking the return of...

Trial Asks the $2 Billion Question: Does Musk Control Tesla?

Does Elon Musk control Tesla Inc. or does Tesla control Elon Musk? More than $2 billion hinges on that question as a trial kicks off on...

Europe, U.S. and Canada Slammed by Record Weather Catastrophes in June: Aon

June 2021 left Europe with its costliest severe storm period on record. Meanwhile, over in the U.S. in Canada, record-setting heatwaves...
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Future Focus: How To Win The Talent Game in Insurance

In the rapidly evolving business climate, diverse teams with a variety of skills and perspectives are crucial for...
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East

Judge Allows Suits Over New York Police Handling of 2020 Racial Protests

A federal judge rejected a request by New York City to dismiss lawsuits claiming police violated the constitutional rights of people...

Purdue Pharma to Pay $4.5B in New York Settlement Over Role in Opioid Crisis

Governor Andrew M. Cuomo has announced a $4.5 billion settlement with Purdue Pharma over the company's role in falsely marketing its...

Tri-State Consumer Insurance Company to Pay $500K for Compliance Failures

Tri-State Consumer Insurance Company will pay a $500,000 penalty to New York state for multiple violations of New York law. A New York...
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Midwest

Liberty Mutual to Acquire State Auto Group

Insurer Liberty Mutual reported that it will acquire State Auto Group, a super-regional insurance holding company headquartered in...

State Officials Sue Owners of Illinois Chemical Plant that Burned

Illinois prosecutors on July 9 sued the owner of a chemical plant where a fire in June sent dark smoke and ash into the air for days and...

Chicago Towing Company to Pay $166K After Worker Misclassifications

Federal officials say the operators of a Chicago towing company that promises customers round-the-clock service failed to pay dozens of...

Tyson Recalls Nearly 4.5K Tons of Missouri-Produced Chicken Products

Tyson Foods is recalling almost 4,500 tons of ready-to-eat chicken products after finding the products may be tainted with listeria...
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Southeast

Federal Judge Halts Part of Florida's New Property Insurance Reform Law

A federal judge has halted enforcement of a section of Florida's new property insurance reform (SB 76) law that restricts the...

Florida Officials Consider Adopting New Condo Inspection Policies

Across Florida, people living in the thousands of condominiums rising above the state's 1,350 miles of coastline wonder if the building...

South Carolina Agency Clears Fired Charleston Police Lieutenant of Misconduct

A South Carolina agency cleared a former Charleston police lieutenant who was fired for alleged misconduct in a case involving a fellow...
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South Central

Texas Outlines Changes to Insurance Agent Licensing Requirements

A bulletin released by the Texas Department of Insurance summarizes the changes to the requirements for agent licensing contained in HB...

Louisiana Reminds Insurers of Obligations in Commercial Policy Renewals

Louisiana insurance regulators have issued a new advisory letter reminding authorized property/casualty insurers writing in the state...

Arkansas' New Insurance Business Transfer Law in Effect July 28

The Arkansas Insurance Department (AID) was an active participant in encouraging state lawmakers to pass legislation this year to adopt...

Scottish American Acquires Kaliff Insurance in Texas

Scottish American has acquired Kaliff Insurance of San Antonio, Texas. Terms of the deal were not disclosed. Kaliff Insurance was founded...

Texas Windstorm Insurance Association Begins Annual Rate Filing Process

The Texas Windstorm Insurance Association has begun its annual rate filing process, which will kick off with a July 21 meeting. TWIA's...
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Insurance Jobs

Commercial Lines Compliance / Surplus Lines Tax Filings – REMOTE - Work At Home Vintage Experts - Remote / Nationwide

Personal Lines Umbrella Underwriter - Insurance Company - Work At Home Vintage Experts - Remote

Reinsurance Specialist - Department of Financial Services - NYC, NY

Statutory Consultant - SS&C Technologies, Inc. - Remote

Insurance Sales Representative - Brightway Insurance - Jacksonville, Florida (remote applicants in Florida and Georgia may be considered)

West

Heat Wave Blankets West as Wildfires Rage in Several States

Firefighters struggled to contain an exploding Northern California wildfire under blazing temperatures as another heat wave blanketed the...

Jury Awards $1.5M to Man Run Over by Washington Police Officer

Jurors have awarded $1.5 million to a man who was run over by a Tacoma police officer. Emanuel Andrade sued the Police Department, the...

Aftershocks From M6 Earthquake Rattle California, Nevada

Aftershocks have hit the region between Northern California and Nevada Friday after a magnitude 6 earthquake sent large boulders rolling...

Cardinal Health, AppleOne Settle California Harassment and Retaliation Suit for $1.45M

Global health care services and products company Cardinal Health will pay $1.45 million to resolve a racial harassment and retaliation...

Washington Adding Emergency Heat Exposure Rules for Outdoor Workers

The Washington State Department of Labor & Industries filed an emergency rule to provide increased protection for employees exposed to...
More West News »

International & Reinsurance

Eight Leading Insurers and Reinsurers Launch Net-Zero Climate Alliance

Eight of the world's leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition to a net...

Shell Abandons Push to Get Oil Spill Lawsuit to Be Heard in Nigeria

Royal Dutch Shell Plc has abandoned its final attempt to argue that a major lawsuit brought by thousands of Nigerians over an oil spill...

Canada Orders Rail Transport Restrictions in Areas with High Wildfire Risk

OTTAWA - Canada on Sunday ordered rail transport restrictions for areas where there is a high wildfire risk after a blaze wiped out the...

Daily Mail in Negotiations to Sell Catastrophe Modeling Subsidiary RMS

Daily Mail and General Trust Plc (DMGT) said it is in discussions to sell its catastrophe modeling insurance unit, RMS, following a...

German Cyber-Security Watchdog Confirms Country's First 'Cyber-Catastrophe'

A district council in eastern Germany has declared a disaster after its computer systems were paralyzed by a hacker attack in what the...

Europe, U.S. and Canada Slammed by Record Weather Catastrophes in June: Aon

June 2021 left Europe with its costliest severe storm period on record. Meanwhile, over in the U.S. in Canada, record-setting heatwaves...

MGA Rokstone Receives Coverholder License to Underwrite in Africa

Rokstone, the international speciality re/insurance MGA, part of the Aventum Group, announced it has secured an insurance agent license...

Goldman Sachs-Backed Broker Aston Lark Acquires UK Golf Club Specialist Linkscover

Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of the Linkscover brand to...
More International & Reinsurance News »
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Insurance Journal Blogs and Columns

Silent Cyber: An Issue Making Noise Across Industries and Coverage Lines

This post is part of a series sponsored by Amwins. As cyber events evolve in sophistication, scale and frequency, property and casualty...
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Research and Webinars

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The Challenges of Insurance for the Cannabis Industry

For brokers to successfully tap into cannabis-related business opportunities and ensure their clients have the right coverage, a...
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Beyond Survival: Key Strategies to Thrive as an Independent Agent

We surveyed and interviewed independent agents from across the United States to understand the hurdles they face, the...
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Is your agency using predictive analytics to anticipate client needs?

Data and analytics are transforming the insurance industry, and independent agencies have the perfect opportunity to transform...
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What's Next for the P&C Industry in 2021?

The 2021 P&C Market Outlook Executive Summary provides agents with a valuable breakdown of the price predictions for...
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OSHA Top 10 for Brokers

Brokers, help your insureds avoid the most frequently cited violations. OSHA citations. They're rampant, they hide in plain...
More research and webinars »

Insurance Journal TV

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EP. 27: These Cannabis Questions Must Be Answered in Final Six Months of 2021

At the half-way mark in 2021 as we emerge from the pandemic, one has to wonder what the rest...
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EP. 17: Leading by Example: How Insurers Can Manage Cyber Risk Within Their Own Operations

Insurers often advise clients on cyber resilience, however, many in the industry overlook...
Watch more videos at InsuranceJournal.tv »
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