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Today's Headlines

 
May 3, 2021
 
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National

 

In His Own Words: Q&A with Applied Underwriters' Menzies on Buffet, California and 'Pumping Entrepreneurial Power'

Steve Menzies, founder and chairman of Applied Underwriters Inc., is a busy man. Since he reacquired his company from Warren Buffett's...
 

Buffett Says Non-Insurance Executive Abel Is His Likely Successor

Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the...
 

Buffett Extols U.S. Economic Recovery, Laments SPACs, Shrugs Off Tax Hike

Warren Buffett said on Saturday that Berkshire Hathaway Inc. is being lifted by a U.S. economy faring far better than he predicted early...
 

West Virginia's Billion-Dollar Trial Against Opioid Distributors Gets Underway

The three largest U.S. drug distributors, who are accused of helping fuel the opioid crisis that has resulted in nearly 500,000 overdose...
 

People Moves: Argo's Grange Joins B&B's Programs; Bridge Names Zurich's Batta; Liberty Mutual Promotes Rhodes in Claims

Grange Replaces Heath at B&B's National Programs Unit Jeff Grange has been named president of Tampa Programs, part of Brown & Brown...
 

Customers Ignored Brands in Shopping for Auto Insurance During Pandemic: J.D. Power

Many auto insurance customers have shopped around for new policies during the coronavirus pandemic, but few cared about specific brands,...
 

Insurers Expected to Expand Use of Drones to Survey Damage With Rule Change

New Federal Aviation Administration (FAA) rules are expected to clear the way for expanded commercial use of drones, which are...
 

A Sure-ty Bet: Why Agents Should Specialize in the Commercial Surety Space

Agents with clients who need license and permit bonds, miscellaneous bonds, court bonds, or any number of bonds classified as...
 

Why It Pays to Offer Ads for Other Carriers' Policies

Predictive analytics is a growing trend in insurance advertising, but many in our industry are still learning what it is...
 
More National News »
 
 

Insurance Jobs

 

Accounting & Financial Reporting Manager - Premier Careers, Inc. - Davenport, IA

 

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

 
 
 

East

 

Baltimore County to Pay $1.1M to Settle Church's Religious Bias Claims

Baltimore County has agreed to pay $1.1 million to resolve a religious discrimination lawsuit over a county board's denial of a church's...
 

Fire at Rehoboth Beach Restaurant Causes $500K Damages

Fire marshals are investigating the cause of a restaurant fire in Rehoboth Beach that caused half a million dollars in damage. The...
 

USI Insurance Services Acquires Northwest Insurance Service's Insurance Business

USI Insurance Services (USI), a provider of risk management, employee benefit and retirement plan consulting, has completed its...
 
More East News »
 
 
 
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Midwest

 

Kansas Supreme Court Upholds Law Barring 'Wrongful Birth' Suits

Kansas' highest court on April 30 upheld a law barring so-called wrongful birth lawsuits against doctors, in a case in which a couple...
 

Missouri House Passes New Bill Limiting COVID-19 Lawsuits

The Missouri House on April 29 advanced a bill to limit pandemic-related lawsuits, a top priority for Republican Gov. Mike Parson. The...
 

Firefighter Injured in Blaze at Eastern Missouri Chemical plant

A firefighter was injured on April 29 during a large fire at a chemical plant in eastern Missouri that forced evacuations in nearby...
 
More Midwest News »
 
 
 
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Southeast

 

West Virginia's Billion-Dollar Trial Against Opioid Distributors Gets Underway

The three largest U.S. drug distributors, who are accused of helping fuel the opioid crisis that has resulted in nearly 500,000 overdose...
 

Tornado Confirmed in Metro Atlanta As Severe Storms Strike Region

The National Weather Service confirmed a tornado in the Atlanta metro area Monday as a disturbance brought scattered yet severe storms....
 

Tornado Rips Through Mississippi, Damages Buildings, Power Lines

A tornado tore through the southern U.S. city of Tupelo on Sunday, blowing the roofs off homes and tearing down trees and power lines,...
 

More Water Woes for Mississippi Capital City After Fire at Water Treatment Center

Water pressure dropped Friday in Mississippi's capital city after a fire broke out at one of Jackson's two water treatment plants. The...
 

Governor Lifts Most COVID Restrictions on Georgia Businesses

Georgia's governor is removing many remaining requirements for social distancing and masked employees from businesses, saying that the...
 

Jury Awards Florida Woman $48M for Sickness Caused by Apartment Mold

A Florida jury has award a woman $48 million after a leaky roof led to contamination of her apartment by mold, which caused her...
 

Florida Legislature Passes Major Changes to Auto, Property Insurance Markets

Florida lawmakers passed two bills on the last day of their 2021 legislative session that make major changes to the state's auto and...
 
More Southeast News »
 
 
 
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South Central

 

Louisiana Bill Would Ban Insurance Rates Based on Gender, Race, Age, More

A bill currently before the Louisiana Senate Insurance Committee and backed by Gov. John Bel Edwards would ban certain discriminatory...
 

Insurvia Buys La Familia Agency in Texas

Insurvia, a Gemspring Capital portfolio company with holdings including Fiesta Insurance and Bravo General, has acquired La Familia...
 

Oklahoma Bill Increases Penalties for Adults Who Provide Alcohol to Minors

Oklahoma Governor Kevin Stitt has signed a bill strengthening penalties for those who knowingly sell or provide alcohol to minors. Senate...
 

Texas, Oklahoma Hailstorms Likely Caused $3.5B in Damage: Accuweather

Violent spring storms packing high winds and large hailstones in Texas and Oklahoma on April 28 likely caused $3.5 billion in damage,...
 
More South Central News »
 
 

West

 

Amwins Acquires Equine, Canine Specialist Broker Equisure

Specialty broker Amwins Group said it has agreed to acquire Equisure, Inc., a Colorado-based specialist in insurance programs for horse...
 

9th Circuit Lifts Stay on Labor Law Classifying Truck Drivers as Employees

A federal appellate court on April 28 reversed a ruling that prevented California from enforcing a new labor law that trucking companies...
 

Alera Group Acquires California's Adamson & McGoldrick Insurance

Alera Group, a financial services and risk management company based in Deerfield, Illinois, has acquired Adamson & McGoldrick Insurance...
 

Washington Deputy Allowed Homicide by Not Arresting Armed Man, Lawsuit Charges

The wife of a Spokane County, Wash., man killed by his neighbor is suing Spokane County, alleging a sheriff's deputy's negligence allowed...
 

$1M Settlement in California Suit Over Alleged Assault by Foster Child

San Diego County has agreed to pay $1 million to settle a lawsuit by three boys who alleged they were sexually assaulted by their foster...
 

Nevada Lawmakers Weigh Fire-Fighting Liability, Coordination

Nevada lawmakers on April 28 heard three proposals about changing liability laws and helping fire-fighting agencies coordinate their...
 
More West News »
 
 

International & Reinsurance

 

Chinese Insurtech Waterdrop Seeks $360M in New York IPO

HONG KONG -- Chinese online insurance technology firm Waterdrop Inc. aims to raise up to $360 million in an initial public offering on...
 

Fidelity Slashes Valuation of Restructured Ant Group of China

U.S. asset manager Fidelity Investments has cut its valuation of Chinese financial technology giant Ant Group in half in its latest...
 

Gallagher Acquires Australia's Mutual Brokers

Insurance broker Arthur J. Gallagher & Co. said it has acquired Mutual Brokers Pty Ltd., a Canberra, Australian Capital Territory...
 

Nexus Signs Delegated Authority Deal With Allianz Global Corporate & Specialty

Allianz Global Corporate & Specialty (AGCS) and Nexus Group announced a four year strategic underwriting and claims delegated authority...
 

Swiss Re Scores Profit Despite COVID Death Claims, Catastrophe Losses

Swiss Re reported consolidated net income of USD 333 million in the first quarter of 2021, despite heightened losses in its life and...
 
More International & Reinsurance News »
 
 
 
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Research and Webinars

 
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COVID-19 Impact: 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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Driving to Simple in Insurance

In a Newsweek study, insurance executives reported that customers were less interested in complex ways of customizing their...
 
research

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...
 
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How to Adopt the 'Always-On' Growth Model

Surviving as an independent agent is no longer the name of the game. Modern agencies want to grow their business more than...
 
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Commercial auto loss results have worsened in recent years

Video and telematics technology can be a significant benefit to your clients. Understanding the true value of technology...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 22: If The 'Vape Crisis' in Cannabis Taught Us One Thing, It's That It's Never Too Soon to Think About Long-Tail Risks

Aside from the vape crisis that never rose to the level of a true crisis for the cannabis...
 
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EP. 12: Social Engineering Risks Rising, but Cyber Coverage Still Lacks

The COVID-19 pandemic has upended the work environment in many ways, and cyber experts say one...
 
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New Discussions in the Forums

 

What's the best Cluster/Agent Network to Join (Florida)

Posted: Fri Apr 23 -- hello Josh i read your post today. did you find anyone to work with ? i'm now in the same boat . after deep studying the industry . im still... brunol
 
Go To Forums »
 
 

Reader Comments

 

Explosion at Gender Reveal Party Rocks Several New Hampshire Towns

Posted: Tue Apr 27 -- Obviously another example of NOT being the sharpest knives in the drawer. As we say in the South, "Bless their hearts." I'm all for having a... Placement GURU
 

Florida Legislature Passes Major Changes to Auto, Property Insurance Markets

Posted: Fri Apr 30 -- Left out of the discussion is the hundreds of millions of dollars in fraud that will potentially be cut when No Fault is dropped. Lawyers... Mark
 

GEICO Must Pay $2.7M After Failing to Accept $30K Offer: Georgia Supreme Court

Posted: Tue Apr 27 -- This story has more holes than Swiss cheese. What were Guthrie's injuries? GEICO's offer had to be based on the information they had... GenXUnderwriter
 

Judged Rules for Washington Insurance Commissioner on Credit Scoring Ban

Posted: Mon Apr 26 -- I am always confounded by the number of people who think they know more than others, especially when they rely on political "noise" to form... Stush
 

Commentary: Proposed Florida PIP Repeal a Bad Deal for Consumers, Industry

Posted: Thu Apr 29 -- If the top insurance lobbyist in the state says it's bad...then you know it's a good thing for people. The reality is that driving is NOT a... Simon
 
Go To Popular Comments »
 
 
 
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