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Today's Headlines

 
March 29, 2021
 
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National

 

Chubb 'Disappointed' in Hartford's Rejection of Merger Offer, Talks

Global insurer Chubb Ltd. today issued a statement that it is "disappointed that The Hartford chose not to engage in discussions...
 

Analysts Affirm CNA Ratings As Insurer Continues Probe of Cyber Attack

CNA Financial Corp.'s financial ratings have not been affected by the insurer's recent cyber attack. AM Best, S&P Global Ratings and...
 

FEMA Knows About Trying to Build Back Better Infrastructure

Lawmakers in Washington are gearing up for the Biden administration's first major legislative challenge: a set of measures on long-term...
 

Allstate's Sale of New York Unit to Wilton Re to Complete Exit from Life, Annuity Business

The Allstate Corp. said it has agreed to sell its New York life insurance and annuity operation to Wilton Re for $220 million. The...
 

Photographer Wins Copyright Claim Over Warhol Art

A U.S. appeals court sided with a photographer Friday in a copyright dispute over how a foundation has marketed a series of Andy Warhol...
 

Private Equity Firm Odyssey Partners With Management to Acquire SIAA

Private equity firm Odyssey Investment Partners has joined with management of SIAA (Strategic Insurance Agency Alliance), the nation's...
 

Software Developers Launching Type of Insurance Cover for Cryptocurrencies

Adventurers in what is perhaps the most lucrative and risky corner of the cryptocurrency world are starting to see a bit of a safety net....
 

Allianz Privately Mulls Counteroffer for The Hartford After Chubb's Offer

Chubb Ltd.'s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany's Allianz SE to study the...
 
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Sharing Knowledge: How AF Group Exec Puts His Privilege to Work

There's a simple idea that has guided Abel Travis as he rose to his current executive leadership position at a...
 
More National News »
 
 

Insurance Jobs

 

Commercial Lines Account Manager - Carroll Insurance Agency - Houston, TX

 

Innovator - Frontline Insurance - Lake Mary, FL

 

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

 

Customer Service Representative/Agent - D Marcus Ins - West Kendall, FL

 

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

 

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

 
 
 

East

 

Underground Electrical Blast Rocks New Jersey's Asbury Park

Utility crews restored service after an underground electrical fire rocked the New Jersey shore city made famous by Bruce Springsteen's...
 

New Jersey Governor Nominates Thompson as Insurance Fraud Prosecutor

New Jersey Governor Phil Murphy has announced his nomination of Tracy Thompson as insurance fraud prosecutor. Thompson has led the Office...
 

Tornado Touches Down in Vermont, Injuring at Least Two

A tornado with an estimated wind speed of 110 mph touched down in Vermont on Friday afternoon, injuring at least two people. A statement...
 

Allstate's Sale of New York Unit to Wilton Re to Complete Exit from Life, Annuity Business

The Allstate Corp. said it has agreed to sell its New York life insurance and annuity operation to Wilton Re for $220 million. The...
 
More East News »
 
 
 
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Midwest

 

Forklift Accident at Wisconsin Food Plant Leads to $177K in Proposed Penalties

Federal workplace safety officials have cited a food packaging company after a worker was seriously injured by a forklift; proposed...
 

Bill to Legalize Recreational Pot Dies in North Dakota Senate

North Dakota's Republican-led Senate has killed legislation to legalize recreational marijuana in the state. Only 10 of the chamber's 47...
 

Midwest People Moves: J.M. Wilson; AF Group

J.M. Wilson Portage, Mich.-based managing general agency and surplus lines broker, J.M. Wilson, has added Rebecca Green as chief...
 
More Midwest News »
 
 
 
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Southeast

 

Homes, Cars Flooded After Record Rains in Tennessee; Dozens Rescued

Heavy rains across Tennessee flooded homes and roads, prompting officials to rescue dozens of people from houses, apartments and...
 

Gas Leak Forces Evacuation in Georgia Amid Storm Cleanup

A gas leak forced officials Sunday to evacuate some residents in Newnan, a Georgia city cleaning up after a powerful tornado days earlier...
 

Florida Lawmakers Send COVID-19 Liability Protection Bill to Governor

Florida businesses, governments and healthcare providers will be protected from coronavirus lawsuits if they made a good effort to follow...
 

Tornado Outbreak from 'Super Cell' Storms Cause Damage Across Deep South

Tornadoes and severe storms tore through the Deep South, killing at least five people as strong winds splintered trees, wrecked homes and...
 

Fire Destroys Historic Black Church in Northeast Florida

Officials are trying to determine what caused a fire early Friday that destroyed a historic Black church in northeast Florida. Clay...
 
More Southeast News »
 
 
 
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South Central

 

Study: Nearly 70% of ERCOT Customers Lost Power During Texas Winter Storm

Last month's disastrous and deadly winter storm impacted most Texans served by the state's main power grid, with almost 70% of those...
 

OSHA Sues Texas Hotel Operator for Whistleblower Law, Other Violations

Federal officials have sued the operator of a hotel in Waller, Texas, after it fired an employee who sought medical help after being...
 

Judge: Austin Can Require Masks Despite Lifting of Texas' Statewide Mandate

A Texas judge is allowing the City of Austin to continue to require face coverings in local businesses weeks after Republican Gov. Greg...
 
More South Central News »
 
 
 
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West

 

Judge Considering Requiring PG&E in California to Turn off Power More Often

A federal judge overseeing Pacific Gas & Electric's criminal probation said Tuesday that he is considering requiring the utility to be...
 

Former California Uber Driver Convicted of Raping Passengers

A former Uber driver in Central California was found guilty of sexually assaulting and stealing from five passengers. Jurors took less...
 

Caesars in Nevada Puts Pandemic Losses At $2B, Wants Insurers to Pay

Casino giant Caesars Entertainment Inc. is putting its losses because of the coronavirus pandemic in 2020 at more than $2 billion, and is...
 

Utah Passes Law Requiring Pilot Insurance Following Plan Crash

The lawsuit from a 2017 crash of an airplane on 1900 West in Roy lingers on, more than three years after it was filed. The pilot,...
 
More West 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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International & Reinsurance

 

Suez Canal Blockage Likely to Bring Large Losses for Global Reinsurers: Fitch

The blocking of the Suez Canal and resulting disruption to global shipping is likely to cause a large loss event for the reinsurance...
 

Update: Stranded Container Ship Is Refloated; Suez Canal Shipping Traffic Resumes

ISMAILIA, Egypt - Shipping traffic through Egypt's Suez Canal resumed on Monday after a giant container ship which had been blocking the...
 

Software Developers Launching Type of Insurance Cover for Cryptocurrencies

Adventurers in what is perhaps the most lucrative and risky corner of the cryptocurrency world are starting to see a bit of a safety net....
 

What Has Changed After Brexit for London's Financial Center?

LONDON -- Britain and the European Union agreed a new post-Brexit financial services pact on Friday that will allow them to cooperate on...
 

SPACs Have Rocketed in U.S. but Europe Has Moved More Slowly. Here's Why.

STOCKHOLM -- "I get an email almost every morning from some SPAC seller telling me to do a SPAC with them," said Johnny Boufarhat, CEO of...
 

Allianz Privately Mulls Counteroffer for The Hartford After Chubb's Offer

Chubb Ltd.'s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany's Allianz SE to study the...
 
More International & Reinsurance News »
 
 
 
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Research and Webinars

 
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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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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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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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What is the Next Normal? Tips and Tools to Grow, with Steve Anderson

Watch Now On Demand: As an independent agent, navigating through the insurance industry can be frustrating, especially in an...
 
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Insurtech is rapidly changing how independent agents place commercial lines. Find out how.

Historically, it's been difficult for independent agents to profitably place commercial lines, but insurtech is quickly changing...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 10: Insurance Industry Stepping Up as Cyber Risks Mount for High-Net-Worth

Cyber attacks can strike any individual or business at any time, but on this episode of the...
 
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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 »
 
 

Reader Comments

 

Scientists Say Advanced Nuclear Reactors Not Safer Than Conventional Plants

Posted: Mon Mar 22 -- Not to worry. The solution for climate change will be for all of us to live in caves and reduce our standards of living by 50-80%. The... Dave
 

Insurtech Root Hit With Shareholder Lawsuit Alleging Negligence, Omissions in IPO Filing

Posted: Wed Mar 24 -- "...and that traditional competitors already offer the type of telematics platforms that Root believes sets it apart." You'd have to be... Mr. Solvent
 

The Hartford Rejects Chubb's $23 Billion Buyout Offer

Posted: Wed Mar 24 -- Who are these analysts who keep telling us this would be a great deal? In my next life I want to come back as an analyst, telling people... barb wired
 

Facebook, Google CEOs Suggest How to Reform Internet Immunity Law

Posted: Thu Mar 25 -- nah, just censor homophobes, racists, election fraud and other similar conspiracy mongers, and xenophobes. True conservatives are fine. steven
 

Regulators Weigh Model Law for Pet Insurance to Address Consumer Peeves

Posted: Fri Mar 26 -- Highly disappointed the title didn't end on a pun saying "Consumer Pet Peeves" Rosenblatt
 
Go To Popular Comments »
 
 
 
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