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Today's Headlines

 
June 21, 2021
 
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National

 

FBI Says Don't Pay Ransom While Tax Advisors Say Payment May Be Tax Deductible

WASHINGTON -- As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don't pay the cybercriminals....
 

7 Major Cyber Insurers Form Company to Coordinate Cyber Analysis, Risk Mitigation

With cyber attacks and insurance claims on the rise, leading cyber insurers AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual...
 

Supreme Court Backs Goldman Sachs Escape from Securities Class Action

The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc. in its bid to avoid an investor class action lawsuit...
 

Supreme Court Turns Away Insurers' Bid Over Obamacare Reimbursements

The U.S. Supreme Court on Monday declined to hear a bid by health insurance companies to seek a full reimbursement from the federal...
 

Court Grants Florida Bid to Halt CDC Broad Shutdown of Cruise Industry

A federal judge on Friday ruled for Florida in a lawsuit challenging a U.S. Centers for Disease Control and Prevention order making it...
 

People Moves: Srygley in New C&F Role; Lopez Joins Mosaic; CLARA Names CEO; IronHealth Has New President

Crum & Forster Adds Srygley in Captives, Gig Economy Roles Further strengthening its Captive Solutions and Sharing (Gig) Economy...
 

Fitch: Rising D&O Premiums, Rate Hikes Not Enough to Reverse Loss Trend

Record premiums haven't been enough to reverse U.S. directors and officers (D&O) insurers' underwriting losses, and the sector will...
 

The Ransomware Epidemic by the Numbers

During a session of the Casualty Actuarial Society Seminar on Reinsurance in June, Alexander Podmore, AVP and cyber...
 
More National News »
 
 
 
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Featured Events

 
InsureTech Connect

InsureTech Connect

October 4 / Las Vegas, NV
 
Underwriting Europe 2021

Underwriting Europe 2021

June 28 / Virtual
 
 
 

East

 

Man in Prison for Maryland Arsons Linked to Delaware Fires

A man serving time for Maryland arsons is accused of starting fires in two Delaware beach towns last year. The Delaware Office of the...
 

Vermont Hospital Still Calculating Cost of Ransomware Attack

Officials at Vermont's largest hospital are still trying to determine the full financial impact of the cyber attack last October that...
 

Connecticut Casinos Sue Insurer Over COVID-19 Losses

The Native American tribe that owns Connecticut's Mohegan Sun casino is suing its insurance carrier over what it says was the denial of...
 
More East News »
 
 
 
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Midwest

 

Severe Thunderstorms, Tornado Slam Chicago; Injuries, Power Outage, Property Damage Reported

Severe thunderstorms tore through the Chicago area on Sunday night after the National Weather Service said a "confirmed large and...
 

People Moves: KAIA Hires Goodman; New Shareholders at Holmes Murphy; AmericanAg Adds Nuehring

KAIA Josh Goodman is joining the Kansas Association of Insurance Agents' (KAIA) team as its new director of Business Development, as of...
 

Nebraska to Offer Additional Payments for 2019 Flood Recovery

Nebraska will pay out public assistance beyond what it normally offers to local governments hit by the 2019 floods, a state agency...
 

N.D. Counties Join Ban on Private Fireworks Due to Drought

Burleigh and Morton counties have joined the city of Mandan in banning the private use of fireworks during the July Fourth holiday season...
 

Survey: 10 States See Strong Growth in Rural Areas

Strong growth continues across rural parts of 10 Plains and Western states and three states now have more jobs than they did before the...
 
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Southeast

 

Tropical Depression Claudette Triggers Flash Flooding in South

Jun 20 2021-- Forecasters warned of life-threatening flash flooding in parts of the Deep South, particularly across central Alabama, as...
 

North Carolina Sheriff's Office Settles Excessive Force Claims for $6M

A North Carolina sheriff's office has agreed to a $6 million settlement in a lawsuit in which six families accused the department of a...
 

Florida Supreme Court Ruling Pulls Marijuana Proposal From 2022 Ballot

A proposed constitutional amendment to allow recreational marijuana use in Florida won't be on the 2022 ballot after the state Supreme...
 

Court Grants Florida Bid to Halt CDC Broad Shutdown of Cruise Industry

A federal judge on Friday ruled for Florida in a lawsuit challenging a U.S. Centers for Disease Control and Prevention order making it...
 

Tropical Storm Claudette Pounds Gulf Coast with Rain, Floods

Jun 19 2021 -- Thunderstorms and high winds on the east side of Tropical Storm Claudette battered the Florida panhandle and much of...
 
More Southeast News »
 
 
 
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South Central

 

Training on Louisiana Sex Misconduct Rules for Colleges to Begin Soon

Louisiana's college administrators will start receiving training this summer on new requirements for how sexual misconduct claims must be...
 

Seacor: Pay Debt With $25M in Overturned Louisiana Boat's Insurance

The owner of an offshore oilfield boat that overturned off Louisiana plans to use $25 million in insurance on the vessel to pay down part...
 

Citgo to Pay Additional $19.7M for Damage from Louisiana Refinery Spill

Citgo Petroleum Corp. of Houston has agreed to pay $19.7 million for environmental damage from a 2006 spill at a Louisiana refinery, the...
 

Flood Concerns Prompt Louisiana Parish to Pause New Development

A parish council in Louisiana has approved a one-year moratorium on new development in part of its jurisdiction to address concerns about...
 

Tropical Storm Claudette Pounds Gulf Coast with Rain, Floods

Jun 19 2021 -- Thunderstorms and high winds on the east side of Tropical Storm Claudette battered the Florida panhandle and much of...
 
More South Central News »
 
 
 
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West

 

Takeaways from Auditable Policies and Cannabis Conversation

When states declared cannabis operators essential during the pandemic, that kept cannabis dispensary doors open and boosted sales. That...
 

Arizona Governor Signs $100M Wildfire Funding Bill

Arizona Gov. Doug Ducey has signed a bill rushed through in a special legislative session that provides $100 million in funding this year...
 

Newspaper Carrier Confronted by Washington Sheriff Seeks $5M in Damages

A Black newspaper carrier confronted by Pierce County Sheriff Ed Troyer in Washingotn has filed a legal claim seeking at least $5 million...
 

Vaccination Rate for Public Safety Workers in L.A. Below Average

COVID-19 vaccination rates for police and firefighting personnel in Los Angeles and prison employees across California are significantly...
 

Grim California Wildfire Outlook Has Insurers Forking Over Big Bucks for Modeling

Severe drought and searing temperatures are not the only proof that Californians should be worried about wildfires this year. A glaring...
 
More West News »
 
 

Insurance Jobs

 

Chief Deputy Insurance Commissioner - Office of Insurance Commissioner - Tumwater, WA

 

Customer Service Representative - Quilty, Dwyer & Larkin - Kingston, NY

 

Senior Accountant - Incline Insurance Group - Austin, Texas

 

Commercial Account Manager - Transportation Heavy Accounts - SWZ Insurance - Fort Worth, TX

 

Sales Executive - Alacrity Solutions - Remote

 
 
 

International & Reinsurance

 

CEO Views: Successes and Failures in Dealing with Pandemic Challenges

As insurance professionals prepare for mask-free life and opportunities to exchange ideas in person, industry leaders took the virtual...
 

UK Financial Services Sector Cautions About Legislating Work-from-Home Options

LONDON - How people divide their working hours between home and office should develop naturally over time and not be forced into law,...
 

Owners of Ship that Blocked Suez Make New Compensation Offer with Canal Authority

ISMAILIA, Egypt - The owners of a container ship that blocked the Suez Canal in March have made a new offer in a compensation dispute...
 

8 Reinsurers Provide $897M Cover for Lloyd's Central Fund with Aon as Placing Broker

Lloyd's announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund--a move...
 

Sri Lanka Ship Disaster Causes 'Significant Damage to the Planet': UN

COLOMBO, Sri Lanka - The UN representative in Sri Lanka said the sinking of a container ship that caught fire while transporting...
 

Czech Utility CEZ Manages to Find Insurance After 2 Providers Exit from Coal Coverages

PRAGUE -- Czech utility CEZ said on Friday [June 18] it had found alternative insurance for its coal-fired power plants after two...
 

CFC Underwriting's Lloyd's Syndicate Opens for Trading

CFC, the London-based managing general agent, announced that CFC Syndicate 1988 is open for business. In addition to risk capital...
 

Ship Carrying Chemicals Sinks Near Sri Lanka Capital, Prompting Pollution Fears

COLOMBO, Sri Lanka - A container ship carrying chemicals sank off Sri Lanka's capital on Thursday nearly a month after catching fire,...
 

Aon-WTW Merger Would Help Boost Industry's Innovation. Aon CEO Makes the Case.

The enhanced ability to innovate is a principal motivator for Aon's proposed acquisition of Aon and Willis Towers Watson. It's a message...
 
More International & Reinsurance News »
 
 
 
 
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Research and Webinars

 
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Guide to Insuring Emerging Risks Facing Nonprofits

Discover forward-thinking approaches to address the emerging risks challenging your nonprofit clients and prospects. Nonprofits...
 
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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...
 
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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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Discover ways to help your commercial auto clients control losses

Loss control is one of the most underutilized services by agents and brokers in the commercial auto industry.  Understanding...
 
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Mold: Dangerous, destructive and costly to your policyholders

Indoor mold is potentially dangerous and destructive – you don't want it in your home or business! Mold is found everywhere...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 26: Higher Sales Were Great, but Now Auditable Policies Are Surprising Cannabis Companies

Ever get a surprise bill in the mail? One where you suddenly owe more money than you thought...
 
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EP. 15: Experts Call Colonial Pipeline Attack a Wake-Up Call, Say Bigger Attacks Could Be Ahead

Cyber experts are saying that the Colonial Pipeline attack, in which ransomware took down...
 
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