Insurance Journal
 
 

Today's Headlines

 
May 17, 2021
 
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National

 

Supreme Court Backs Challenge to IRS Micro-Captive Reporting Rule

The U.S. Supreme Court has allowed a challenge to an Internal Revenue Services (IRS) requirement for firms to report micro-captive...
 

Law Firms and Their Insurers Feel the Pain of Bigger Malpractice Claims

Even as law firms made adjustments to sustain their operations through the COVID-19 pandemic, they were unable to avoid the rising costs...
 

Pipeline Ransomware Attack Stirs Debate on Whether Insurance Attracts Hackers

The ransomware attack on Colonial Pipeline Co. that caused gasoline shortages along the U.S. East Coast also sparked a debate about...
 

Under Pressure, Ransomware Gangs Claim They're Shutting Down

Multiple ransomware groups claimed they were shutting down or scaling back operations on Friday as the U.S. government ramped up pressure...
 

Appeals Court Rejects Bayer Appeal of $25M Roundup Cancer Verdict

A federal appeals court on Friday upheld a $25 million judgment and trial verdict finding Bayer's Roundup caused a California resident's...
 

Setting the Stage for Thousands of Opioid Lawuits, Potentially Years of Litigation

A corner of West Virginia wrenched by opioid addiction is getting the chance to argue in a courtroom that some of the corporate giants it...
 

BriteCo Launches Online Jewelry Insurance Program

BriteCo jewelry insurance has launched a program to insure fine jewelry and watches that can be quoted and bound online offering enhanced...
 

How Agents Can Help Construction Businesses Get Back on Track

Construction business owners experienced declines in their revenues, project completions, new bids and workforce, as the pandemic took hold...
 

Why Auto Insurance Companies Should Drop Credit Score

COVID-19 has exacerbated socioeconomic inequality and exposed vast racial and economic disparities in America. Millions...
 
More National News »
 
 
 
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Featured Events

 
The Future of Insurance USA 2021

The Future of Insurance USA 2021

June 22 / virtual
 
 
 

East

 

Ex-Bank Official in Massachusetts Gets Year in Prison for $1.5M Embezzlement

A former Bank of America manager who pleaded guilty to embezzling $1.5 million from a company that did business with the bank and using...
 

Meetings to Be Held on Status of PFAS Chemicals in New Hampshire Communities

Meetings will be held online for three southern New Hampshire communities to give the public updates on the status of chemicals found in...
 

New Vermont Law Waives Time Limit for Physical Abuse Suits

Vermont Governor Phil Scott has signed into law a measure that lifts the statute of limitations in civil cases of childhood physical...
 
More East News »
 
 
 
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Midwest

 

Michigan Man Must Pay Nearly $775K Restitution in Insurance Fraud Case

A Michigan man has been ordered to pay restitution of nearly $775,000 for an alleged insurance scam, the state insurance department says....
 

Missouri Passes Bill Shielding Businesses from COVID-19 Liability

A legislative session that began amid a surge in coronavirus cases ended May 14 with Missouri lawmakers passing a legal shield against...
 

People Moves: National Interstate Promotes Mikolay, Keenan; Old Republic Surety Names Littlefield VP

National Interstate National Interstate Insurance Co. has promoted Christopher (Chris) E. Mikolay to senior vice president, Specialty...
 

Emerson Reid Acquires Ohio's May Insurance Services

Emerson Reid LLC, an employee benefits wholesale general agent, has acquired Columbus, Ohio-based employee benefits services firm, May...
 
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Southeast

 

Mississippi Supreme Court Kills Voter-Backed Medical Marijuana Initiative

Mississippi will remain in the minority of states without a medical marijuana program after the state Supreme Court on Friday overturned...
 

Teams Assess Damage After Fire on Overturned Cargo Ship in Georgia Port

A salvage team assessed damage Saturday after a fire was ignited inside the remains of an overturned cargo ship that is being dismantled...
 

Judge Rules Florida Deputies Fired Over Parkland Massacre Should Get Jobs Back

A Florida judge ruled Thursday that two deputies who were fired for inaction during a high school mass shooting in 2018 should be...
 
More Southeast News »
 
 
 
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South Central

 

Louisiana Crawfish Processor Sued Over Low Wages, Overtime Pay

Two migrant workers from Mexico are suing a Louisiana crawfish processor over wages they say fell well below the minimum wage. The...
 

People Moves: Texas Mutual Promotes Potter to CFO, Martin to Sr. VP-HR

Texas Mutual Workers' compensation insurer, Texas Mutual Insurance Co., has promoted Bill Potter to chief financial officer (CFO)....
 

Louisiana 'Justice Lab' Aims to Expose, Litigate Claims of Police Bias

A woman forced to the ground by two sheriff's deputies in an arrest recorded by her son. Demonstrators tear-gassed and hit by rubber...
 
More South Central News »
 
 
 
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West

 

Private Firefighting Firms Add to Tension While Saving Vineyards, Mansions From Wildfires

Last October, firefighter Ryan Bellanca and his crew battled to keep the raging Glass Fire in California from devastating an upmarket...
 

California Crash Victim Posted Videos Riding in Tesla on Autopilot

The driver of a Tesla involved in a fatal crash that California highway authorities said may have been operating on Autopilot posted...
 

Oregon Landowner Suit Seeks $103M from Public Utilities for Wildfire

A lawsuit filed on behalf of 70 landowners in Oregon's McKenzie River Valley seeks $103 million from Lane Electric Cooperative and Eugene...
 

1K Los Angeles Residents Ordered to Evacuate in Wildfire

About 1,000 Los Angeles residents were evacuation orders on Monday as firefighters protected canyon homes from a smoky wildfire that...
 

California Flooring Business Owners Charged for $3.8M Workers' Comp Fraud

Ryan Black, 45, formerly of Fair Oaks, Calif., and Curtis Davis, 53, of Penryn, were both charged this week with three felony counts of...
 
More West News »
 
 
 
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International & Reinsurance

 

New Post-COVID Hybrid Work Arrangements May Not Be as Flexible as Desired

Fourteen months after coronavirus confined the world's office-workers to their homes, companies are embarking on another great experiment...
 

Climate Litigation Cases Booming After Paris Agreement - Often Led by Young Activists

Whatsapp chat rooms and Telegram channels across Germany lit up in the early hours of April 29. Young people frantically exchanged...
 

Aon to Sell Pensions Business in Germany, in Another Step to Get EU Nod for WTW Deal

Aon plc announced it has signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions...
 

Severe Cyclone Tauktae Slams India's West Coast

A severe cyclonic storm is set to slam India's west coast, home to major refineries and ports, prompting authorities already grappling...
 

Digital Transformation Vital to Keeping London Market Competitive: Survey

Digital transformation is imperative to remaining competitive in the London market, according to the results of a new survey published by...
 

People Moves: Hannover Re's Bruns to Peak Re; AIG's Nagra to BHSI; 4 Mosaic Hires

This wrap-up of international People Moves details recent appointments at Peak Reinsurance, Berkshire Hathaway Specialty Insurance and...
 
More International & Reinsurance News »
 
 

Insurance Jobs

 

Account Executive - Private Equity/Mergers & Acquisitions - ExecuThrive Staffing - Atlanta, GA or New York, NY

 

Managing Attorney - Security First Managers, LLC - Ormond Beach, FL

 

Staff Attorney - Security First Managers, LLC - Ormond Beach, FL

 

Insurance Agency Bookkeeper - Work At Home Vintage Experts - Remote

 

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

 
 
 

Research and Webinars

 
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Discover how to address the emerging risks challenging your nonprofit clients

Discover forward-thinking approaches to address the emerging risks challenging your nonprofit clients and prospects. Nonprofits...
 
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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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Drive higher-value outcomes for your commercial auto clients

Video and telematics technology can be a significant benefit to your clients. Understanding the true value of technology...
 
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Risk Management Checklist

Businesses choose to work with brokerage firms that make them smarter, protect them from risk, and generally, make life easier....
 
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The Big Easy Button for Customer Experience in Insurance

Like most industries, insurance companies are accelerating their ability to improve their customer experience to meet new...
 
More research and webinars »
 
 

Insurance Journal TV

 
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Hyper-Personalized Insurance

If you're interested in hearing from a fresh startup insurtech that is all about distribution...
 
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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...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Mortality Coverage - NM

Posted: Thu May 13 -- Hello. I'm looking for mortality coverage for a client that breeds reptiles and sells them to pet stores. Any ideas? KHoney
 

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

 

Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom: Bloomberg

Posted: Thu May 13 -- Way to go Colonial! Now the crooks will be even more emboldened to keep doing this again and again. Do not EVER pay, ever! There are other... Mark
 

$2,300 Phone Call. $1,000 Cab Ride. Purdue Runs Up $400M Bankruptcy Tab.

Posted: Wed May 12 -- And they wonder why lawyers and consultants are so fondly referred to as "scumbags" and "bloodsuckers." This is nothing more than a... Mr. Integrity
 

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

Posted: Mon May 10 -- Texas - where the men are men and the women are chattel Caldude
 

Blind Teen Alleges Rhode Island Eatery Violated Her Rights

Posted: Wed May 12 -- I know you can't ask people what their disability is which requires them to have a service dog, but it should be pretty plain for everyone... Rosenblatt
 

Texas Passes Restrictive Abortion Bill That Expands Exposure to Lawsuits

Posted: Fri May 14 -- "The bill was denounced by hundreds of lawmakers and doctors — in letters circulated by opponents of the measure — who said its broad... John Dough
 
Go To Popular Comments »
 
 
 
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