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Today's Headlines

 
March 22, 2021
 
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National

 

Scientists Say Advanced Nuclear Reactors Not Safer Than Conventional Plants

A new generation of so-called "advanced" nuclear power reactors that Washington believes could help fight climate change often present...
 

Biden Administration Warns Firms to Quit Aiding Nord Stream 2 Pipeline

The U.S. State Department is tracking efforts to complete Russia's Nord Stream 2 natural gas pipeline and evaluating information on...
 

Amwins Launches Alarm Contractors Program

Amwins Program Underwriters has developed a new insurance coverage dedicated to alarm contractors that includes commercial general...
 

Insurance Techknowledgy: InsurTech NY Winners; $3M in GloveBox; Hippo's Claims Partners; AXIS-Elpha Cyber Service

The Winners Are InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on...
 

Apple Says It Will Appeal $309M Jury Verdict Over Patent Infringement

A federal jury in Texas said Apple Inc must pay about $308.5 million to Personalized Media Communications LLC (PMC) for infringing a...
 

Chubb Bids for Significant Scale Including The Hartford's 'Crown Jewel'

Five years ago, Evan Greenberg led ACE's nearly $30 billion acquisition of Chubb, morphing Chubb into its current status as a global...
 

Why Its Bid for The Hartford Is a Personal Lines 'Chess' Move by Chubb

While Chubb's $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many observers, one experienced...
 

Workers' Compensation Underwriters Under the Gun to Understand Pandemic Data

Workers' compensation underwriters are about to be tested in the marketplace like never before. While the current situation is not all...
 

How Insurers Can Tap Into the Peloton Phenomenon to Motivate Employees

Fitness enthusiasts have become obsessed with motivational apps and technology like the Peloton and Apple Watch...
 
More National News »
 
 
 
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East

 

Pennsylvania's Bedivere Insurance Company to Be Liquidated

The Pennsylvania Commonwealth Court has approved the liquidation of Bedivere Insurance Company, formerly One Beacon Insurance Company,...
 

Massachusetts Seeks Input on Use of Gas Explosions Settlement Money

Massachusetts is asking residents and businesses in three communities affected by a series of natural gas explosions and fires in...
 

Two Arrested After Fire in Vermont Hotel Room That Injured Woman

Two people have been arrested after police responded to what they called a suspicious fire at a hotel in Berlin that critically injured a...
 
More East News »
 
 
 
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Midwest

 

Wisconsin Issues Wildfire Warning After 30-Plus Weekend Blazes

Wisconsin authorities are warning residents about weather conditions after more than 30 wildfires were reported throughout the state on...
 

'Forever Chemicals' in 60 Closed Minnesota Landfills Contaminating Groundwater

Pollution regulators said that contamination from toxic man-made "forever chemicals" has been detected in groundwater at nearly 60 closed...
 

Indiana Fines Utility $1.1M for Pipeline Safety Violations

State regulators have fined Northern Indiana Public Service Co. more than $1 million -- the largest in Indiana history -- for pipeline...
 

Former Kansas Insurance Agent Sentenced in Fraud Case

A former Johnson County, Kansas, insurance agent has been sentenced to 24 months of probation on insurance fraud charges and ordered to...
 
More Midwest News »
 
 
 
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7 New Classes Announced!
 
March webinars are now live for the Academy of Insurance. March offerings include workers' comp, E&O, and our ever-popular Master classes.
 
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Southeast

 

Florida to Hold Hearing on Proposed National Specialty 24.9% Rate Increase

The Florida Office of Insurance Regulation will conduct a virtual rate hearing this week on a proposed 24.9% rate increase filed by...
 

Southeast Storms Spawned EF2 Tornadoes in Alabama, Miss., EF1 in Georgia

At least 10 tornadoes struck Alabama and Mississippi this week during a severe weather outbreak that could have been worse if...
 

One Month Later, Boil Water Advisory Lifted for Jackson, Mississippi Residents

After 30 days of boiling their water to get rid of contaminants and sometimes no water at all, Jackson residents are finally able to...
 

Florida Man Sentenced to 3 Years for Lying About Hurricane Irma Damage

A Florida man has been sentenced to three years in federal prison for lying about damage caused by Hurricane Irma. Steven Rembert, 49, of...
 
More Southeast News »
 
 
 
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South Central

 

Bernhard Capital Forges Partnership with Louisiana's Gray Casualty & Surety

A group of investors led by Bernhard Capital Partners Management LP (Bernhard Capital), a services and infrastructure-focused private...
 

Texas Bills Address Workers' Comp, Other Protections for First Responders

A Texas legislator has filed a package of bills he says is aimed at protecting injured first responders and their families. Rep. Jared...
 

San Antonio Hotel Accused of Price-Gouging in Storm

A San Antonio hotel owner has been sued and accused the operator of price-gouging during last month's storm that left millions of Texans...
 
More South Central News »
 
 

Insurance Jobs

 

Insurance - Commercial Lines Accounts Manager - San Diego, CA - B.H. Gold Insurance Agency, Inc. - San Diego, CA

 

Regional Account Executive - ClassicPlan Insurance Premium Finance - Northern L.A. and Ventura Counties

 

Assistant Commercial Lines Account Manager - Riseamg - Houston, Texas

 

Commercial Account Manager - Riseamg - Houston, Texas

 

Commercial Lines Customer Service Representative (CSR) or Account Manager - REMOTE - Work At Home Vintage Experts - Tampa, Florida

 

Personal Lines Customer Service Representative (CSR) or Account Manager - REMOTE - Work At Home Vintage Experts - Remote

 

Financial Reporting Analyst - Frontline Insurance - Lake Mary, FL

 
 
 

West

 

New Mexico Court Upheld Damages Cap in Medical Malpractice

New Mexico's highest court has ruled that monetary limits on some types of damages due to medical malpractice are not unconstitutional....
 

American Family Rolls Out Rewards Program for Infrequent Drivers in Arizona

American Family Insurance has partnered with Cambridge Mobile Telematics (CMT), a smartphone telematics company, to create the MilesMyWay...
 

Man Admits Ransomware Plot Against Tesla in Nevada

A Russian man has pleaded guilty in the U.S. to offering a Tesla employee $1 million to cripple the electric car company's massive...
 

$3.2M in Damage from California Fireworks Explosion

A massive fireworks explosion that left two people dead in Southern California earlier this week caused at least $3.2 million worth of...
 

IICF Gala Went on Despite Pandemic, USC Risk Management Program Honored

More than 200 guests joined the Insurance Industry Charitable Foundation Western Division for the virtual Horizon Award Gala on Thursday....
 
More West News »
 
 

International & Reinsurance

 

Australia Battered by Worst Flooding in 60 Years

PITT TOWN, Australia -- Australia was set on Monday to evacuate thousands more people from suburbs in Sydney's west, battered by the...
 

India Increases Limit on Foreign Direct Investment in Insurance Companies

India on Monday further opened up its insurance sector to foreigners, as the nation seeks to spur investments to give a fillip to an...
 

Japanese Carmakers Assess Effect on Supply Chain of Renesas Chip Plant Fire

TOKYO - Toyota, Nissan, Honda and other Japanese carmakers scrambled on Monday to assess the impact on their production of a fire at a...
 

Greensill Capital Collapse Exposes Less-Than-Adequate Technological Capabilities

Lex Greensill promoted his business as the future of finance, talking up a technology superior to Wall Street rivals that allowed him to...
 

Climate Change Could Cut 63 Countries' Credit Ratings by 2030: University Study

LONDON - A new algorithm-based study by a group of UK universities has predicted that 63 countries - roughly half the number rated by the...
 

Insurance Council of Australia Declares Catastrophe for Parts of New South Wales

The Insurance Council of Australia (ICA) has declared a Catastrophe for large parts of New South Wales, a state in southeast Australia,...
 

Lloyd's Insurer AEGIS London Moves to New Office

Top quartile Lloyd's Syndicate 1225, managed by AEGIS Managing Agency Ltd. (AEGIS London), is moving to a new office to accommodate its...
 

Chubb Bids for Significant Scale Including The Hartford's 'Crown Jewel'

Five years ago, Evan Greenberg led ACE's nearly $30 billion acquisition of Chubb, morphing Chubb into its current status as a global...
 

Why Its Bid for The Hartford Is a Personal Lines 'Chess' Move by Chubb

While Chubb's $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many observers, one experienced...
 
More International & Reinsurance News »
 
 
 
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Insurance Journal Blogs and Columns

 

Investing in the Cannabis Industry: No Longer a Pipe Dream

This post is part of a series sponsored by Worldwide Facilities, LLC. In 2020, cannabis spending hit $29 billion. By 2024, global...
 
More Blogs »
 
 

Research and Webinars

 
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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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2021 In View: What to Expect as the Industry Transitions to the New Realities of a Post-COVID-19 World

As the insurance industry rebounds from a tumultuous 2020, we will see swift changes across a number of critical areas. In this...
 
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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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Insuring Risks in Growing Renewable Energy Sector

Now that the 2020 election is behind us, it is predicted that we'll likely see even greater growth in renewables with the Biden...
 
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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...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 20: Big One80-Cannasure Deal Spotlights Growth, Interest in the Budding Space

The cannabis-focused insurance space can now be counted as part of a larger trend in recently...
 
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InsureTech Connect Leader Targets Future of Work

Investor Caribou Honig is looking at opportunities in the "1099 economy" - legions of...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Call Center Agent Looking for Advice

Posted: Wed Mar 10 -- Thank you both so much for your advice. I truly appreciate it, all of your insight is incredibly valuable. Wabisabi
 
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Reader Comments

 

Berkshire Hathaway Opposes Climate Change, Diversity Reporting Proposals

Posted: Tue Mar 16 -- This is primarily because Buffett is a capitalist and understands the value and impact of investing for a return -- hardly the mindset of... Mr. Integrity
 

Some States Still Weigh Mandating Business Interruption Coverage

Posted: Tue Mar 16 -- What about those pesky war and NBC exclusions? Shouldn't those be addressed as well? Can US legislators demand reinsurers in London,... Old Dog
 

How Everybody Ends Up Paying for Climate Crisis

Posted: Mon Mar 15 -- deep freeze and global warming in the same article. Thats gov for ya. Jack
 

Chubb Explores Acquisition of $22 Billion Rival Hartford: Bloomberg

Posted: Thu Mar 18 -- Hmm? Will be interesting to see what Biden's FTC says about this. Dave
 

Marsh & McLennan Drops &

Posted: Tue Mar 16 -- Here I thought the headline was a typo! An Actuary
 
Go To Popular Comments »
 
 
 
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