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Today's Headlines

 
May 10, 2021
 
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National

 

Insurers Seek to Find Ways to Make Pandemics Insurable

LONDON - When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally,...
 

Tesla Memo Says Fully Driverless Technology May Not Be Ready for Prime Time This Year

Tesla Inc. told a California regulator that it may not achieve full self-driving technology by the end of this year, a memo by the...
 

How Auto Insurers, Consumers Rode the Bumpy Year of Pandemic

The U.S. auto insurance market experienced market disruption due to pandemic-related shopping volatility, an uptick in dangerous driving,...
 

U.S. Announces Safety Investigation of Steering Loss in 1.1M Honda Accords

The National Highway Traffic Safety Administration (NHTSA) said Monday it was opening a formal safety probe into more than 1.1 million...
 

Research Questions Accuracy of Smartphone Alcohol Breath Testers

Alcohol breath testing devices that pair with smartphones are marketed as safety tools for general use, but their accuracy is highly...
 

U.S. Working With Colonial Pipeline to Restore Operations After Cyber Attack

The White House was working closely with top U.S. fuel pipeline operator Colonial Pipeline on Sunday to help it recover from a ransomware...
 

Broker Gallagher in Talks to Buy Aon, Willis Assets for $3 Billion

Insurance brokerage Arthur J. Gallagher & Co. is in talks to buy a portfolio of assets from Aon Plc and Willis Towers Watson Plc for...
 

In a Hard Market, Agents Must Meet the Excess E&O Challenge Head On

Brokers are caught between a rock and a hard place when it comes to arranging excess E&O cover for their professional clients. This is...
 

Progressive 'Crushing It' on Profit: Berkshire's Jain and Buffett

Berkshire Hathaway Chair Warren Buffett and Vice Chair Ajit Jain admit that GEICO ranks behind Progressive in its...
 
More National News »
 
 
 
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Featured Events

 
Commercial Lines Innovation USA

Commercial Lines Innovation USA

May 18 / Virtual
 
 
 

East

 

New Hampshire Security Firm Says It's Not At Fault for Woman's Death

A security firm that employed a man accused of killing a woman at the company headquarters of Timberland in New Hampshire said it bears...
 

Tornado That Struck Chesapeake Bay's Western Shore Damaged Houses

A tornado that struck Virginia's Northumberland County near the Chesapeake Bay destroyed one home and severely damaged a few others. But...
 

Hub International Limited Acquires Assets of Ion Insurance Corporation

Hub International Limited, a global insurance brokerage, has acquired the assets of Ion Insurance Corporation. Terms of the transaction...
 
More East News »
 
 
 
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Midwest

 

Indiana Jury Awards Girl $96K for YMCA Bounce House Injuries

A jury has awarded nearly $96,000 in damages to a northwest Indiana girl who was injured in 2018 while playing in a bounce house at a...
 

Union Leaders Say Indiana's Rate of Worker Fatalities Too High

Indiana labor union leaders are calling for improved workplace safety enforcement with the state's rate of deaths while working about...
 

Drought Throughout Dakotas Shows No Signs of Easing Up

Extreme drought shows no signs of releasing its grip on North Dakota, despite recent cooler weather and widespread rainfall. The latest...
 
More Midwest News »
 
 
 
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8 New Classes Announced!
 
May webinars are now live for the Academy of Insurance. May offerings include New Classes from Dr. Brenda Wells and Chris Burand plus our favorite and least favorite Commercial Property endorsements.
 
See Whole Lineup
 
Academy of Insurance
 
 
 
 

Southeast

 

Insurer Sues West Virginia Gov.'s Company for Failure to Pay Deductibles

An insurance company alleges in a federal lawsuit that a company run by West Virginia Gov. Jim Justice and his adult children owes...
 

Medical Marijuana Approved by Alabama Legislature After Years of Resistance

Alabama lawmakers overcame years of resistance and gave final passage to medical marijuana legislation on Thursday, capping a long and...
 

North Carolina Insurance Dept. Warns of Door-to-Door Insurance Scams

North Carolina Insurance Commissioner Mike Causey is warning people to be on alert for insurance scams after the North Carolina...
 

Oakbridge Insurance Agency Partners with The Greer Agency of Georgia

Oakbridge Insurance Agency LLC, an independent insurance and risk management advisor, has formed a partnership with The Greer Agency, Inc...
 
More Southeast News »
 
 

Insurance Jobs

 

P&C LICENSED CUSTOMER SUCCESS REPRESENTATIVE FOR INSURTECH STARTUP - Thimble - Fully Remote in USA

 

Medical Stop Loss Marketing Representative - USBenefits Insurance Services, LLC - Remote / Irvine, CA

 

Commercial Lines Account Executive - Guaranteed Rate Insurance - Remote

 

Personal Lines Senior Account Executive - Guaranteed Rate Insurance - Remote

 

Insurance Advisor - Rivian Insurance Services - Bloomington, IL or Normal, IL

 
 
 

South Central

 

Texas Judge Refuses to Dismiss Theater Chain's COVID Lawsuit

A federal judge in Sherman, Texas on May 5 ruled against an insurer that sought to dismiss a $500 million COVID-19 business interruption...
 

Oklahoma Bill Creating Framework for Peer-to-Peer Car Sharing Signed by Governor

Oklahoma Gov. Kevin Stitt has signed into law a bill that sets up a regulatory framework for peer-to-peer car sharing. Senate Bill 355,...
 

Texas Fetal "Heartbeat" Bill Expands Lawsuit Liabilities Well Beyond Patient, Provider

Texas lawmakers are poised to enact sweeping restrictions on access to abortions, prohibiting the procedure before many women know they...
 
More South Central News »
 
 
 
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West

 

Flooding from Fire-Charred Area Threatens Arizona City

It's nearly two years since a fire burned nearly 3.1 square miles in hills north of Flagstaff but rows of concrete barriers and stacks of...
 

Alaska Court System Went Offline in Cybersecurity Incident

The chief justice of the Alaska Supreme Court said the court system did not receive a ransom demand or any direct message from those...
 

M4.7 Quake Confirmed in California-Nevada Border Area

A series of earthquakes - the largest with a preliminary magnitude of 4.7 - struck the California-Nevada border area Thursday night but...
 

50-Plus Insurers Met Deadline to Comply With Washington's Credit Rule

Washington Insurance Commissioner Mike Kreidler announced today that more than 50 insurance companies met the May 6 deadline to file...
 

People Moves: Hippo in California Adds Numerous Technology Leaders

Hippo in Palo Alto, Calif. has added new leadership to its technology team led by Chief Technology Officer Ran Harpaz. The newly...
 
More West News »
 
 

International & Reinsurance

 

Insurers Seek to Find Ways to Make Pandemics Insurable

LONDON - When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally,...
 

Jailed Ex-Wirecard CEO Files Lawsuit Against Chubb to Get D&O Coverage

Markus Braun, the former chief executive officer of scandal-ridden Wirecard AG who has been in jail for almost a year, sued insurance...
 

Italian SPAC Aims to Target Deals in Insurance Sector

MILAN - Two known Italian business executives said on Monday they would list a 200 million euro ($243 million) special purpose...
 

Italy's Generali Buys Stake in E-scooter Operator Ridemovi

MILAN - Italy's biggest insurer Generali has bought a stake in Ridemovi, which offers bicycle and electric scooter sharing services, to...
 

Insurer AXA to Stop Paying for Ransomware Crime Payments in France

In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France...
 

Broker Gallagher in Talks to Buy Aon, Willis Assets for $3 Billion

Insurance brokerage Arthur J. Gallagher & Co. is in talks to buy a portfolio of assets from Aon Plc and Willis Towers Watson Plc for...
 
More International & Reinsurance News »
 
 
 
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Insurance Journal Blogs and Columns

 

Business Income and the Supposed Ambiguity of "...Direct Physical Loss of or Damage To..."

We thank friend of the Academy, Christopher J. Boggs for this guest post. Courts are being asked to decide whether the phrase, "direct...
 

How Sureties and Contractors Can Mitigate Performance Defaults

This post is part of a series sponsored by Old Republic Surety. When contractors have a project that is in danger of default, they...
 
More Blogs »
 
 

Research and Webinars

 
research

Guide to Insuring Emerging Risks Facing Nonprofits

Discover forward-thinking approaches to address the emerging risks challenging your nonprofit clients and prospects. Nonprofits...
 
research

Digital Handshake, Ready to Go Automation and More, with Steve Anderson

Watch Now On Demand: As an independent agent, navigating through the insurance industry can be frustrating, especially in an...
 
research

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...
 
research

5 Areas to Assess Loss Controls with Commercial Auto Clients

Loss control is one of the most underutilized services by agents and brokers in the commercial auto industry.  Understanding...
 
research

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. 23: Tribal Cannabis Insurance is a Difficult, but Promising Space

Tribal cannabis could turn out to be a space that expands on par with casino businesses on...
 
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EP. 13: The Really, Really Big One: The Likelihood of a 1-in-100 Year Cyber Catastrophe

More than a year into what some have called a 1-in-100 year pandemic with COVID-19, many may...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Question On Agency Salary Survey

Posted: Tue May 4 -- Hi all, I just downloaded the Agency Salary Survey yesterday and was curious if anyone knew, does the average compensation shown include... Camaroon83
 
Go To Forums »
 
 

Reader Comments

 

Workers Refusing Covid Vaccine Could Lose Their Jobs

Posted: Wed May 5 -- "I believe that it’s illegal to mandate a vaccine when it is under Emergency Use Authorization from the FDA,” one friend wrote." The... John Dough
 

'Vaccine Passport' Apps Gaining Traction in Airports, Live Events

Posted: Wed May 5 -- even if vaccine injuries are very rare, coercing people into taking it is so unethical as some people will be severely injured who may have... ben
 

Ohio Bill Would Ban Drivers from Holding Phones, Devices

Posted: Wed May 5 -- A. The law will have little impact on observed behavior. B. Senate President Matt Huffman builds a strawman argument about the law... John Dough
 

Florida Legislature Passes Major Changes to Auto, Property Insurance Markets

Posted: Mon May 3 -- And once again this will not do anything to reduce insurance cost for consumers and it will not bring back any appetite for carriers. The... John G
 

Block Britain From Cross-Border Court Pact, Says EU

Posted: Wed May 5 -- Sometimes, the majority gets what it votes for. The citizens of the U.K. got to vote on Brexit twice, so they had more than enough time to... John Dough
 
Go To Popular Comments »
 
 
 
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