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Today's Headlines

 
November 15, 2021
 
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National

 

Insurers to Hike Private Market Investments; Environmental Focus Grows: BlackRock

GLASGOW / NEW YORK - Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt...
 

From Baby Powder to Implants: J&J's Biggest Legal Liabilities As It Prepares to Split

Johnson & Johnson on Friday said it would split into two companies , hiving off its consumer health division that sells Band-Aids and...
 

Commercial Auto Insurers Improved Results in 2020: AM Best

The U.S. commercial auto insurance market turned in results for 2020 that were the best it has seen in several years, although it still...
 

Insured Severe Weather Losses in U.S. Already Top $20B for 2021

Annual U.S. severe weather insured losses for 2021 have surpassed $20 billion after a rough October, even before the year is complete,...
 

FDA Seeks More Tests of Foam Used in Philips Ventilators

Philips, the medical equipment maker that is recalling ventilators due to use of parts containing a potentially hazardous foam, said on...
 

Samsung Fire & Marine to Underwrite Canopius U.S. Admitted Specialty Lines

Canopius Group, a global specialty (re)insurer, announced an agreement with Samsung Fire and Marine Insurance (SFMI), its substantial...
 

Insurance Technology: Agents and Multi-Factor Authentication; TA Invests in Insurity Again; GCube Touts AI in Renewable Energy

ID Federation Offers Multi-Factor Authentication Resource for Agencies Insurance carriers and their agency partners face a "gathering...
 

Federal Court Continues Stay on OSHA's COVID Vaccine/Test Mandate on Businesses

A federal court declined Friday to lift its stay on the Biden administration's vaccine mandate for businesses with 100 or more workers....
 

New ISO Homeowners Policy Form Update

The Insurance Services Office (ISO) has unveiled an update to its homeowners’ program. It’s the first update in 11 years, which is a...
 

Is A Safer World Possible?

Back in 2011, the publishing company I used to work for hired a new editor. He was the recipient of multiple awards for...
 
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East

 

New York Issues Final Guidance to Insurers on Managing Risks of Climate Change

The New York State Department of Financial Services (DFS) has issued final guidance to New York-regulated domestic insurers regarding...
 

AM Best Upgrades Credit Ratings of Selective Insurance Group, Subsidiaries

AM Best has upgraded the financial strength rating (FSR) to A+ (superior) from A (excellent) and the long-term issuer credit ratings...
 

Vermont Company to Pay $34M in Chemical Contamination Lawsuit

A chemical company has agreed to pay $34 million to compensate residents of a Vermont town for chemical contamination in groundwater and...
 
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Midwest

 

CVS, Walgreens, Walmart to Make Closing Arguments in Ohio Opioid Trial

A jury is set to hear closing arguments on Monday in a trial in federal court in Cleveland focused on claims by two counties in Ohio that...
 

Marguerite Dixen Forms MGA Focused on Workers' Comp

Marguerite Dixen, a veteran insurance executive and entrepreneur, has established Adroit General Agency, a managing general agency...
 

Auto Safety Regulators Looking into Complaint from Michigan Tesla Driver

U.S. auto safety regulators are looking into a complaint from a Tesla driver that the company's "Full Self-Driving" software caused a...
 
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Southeast

 

Florida OIR Approves 4.9% Comp Rate Cut; NCCI Drops Cat Fund Idea

Florida Insurance Commissioner David Altmaier has approved a 4.9% average decrease in workers' compensation rates for 2022, as...
 

GenX Chemical from Chemours Plant Not Found in Blood, But Other Compounds Present

A potentially dangerous compound linked to a chemical plant in North Carolina was not found in the bloodstreams of nearby residents, but...
 

Insolvency Pool Can't Yet Seek Reimbursement from Injured Worker

The Georgia Insurers Insolvency Pool's demand for a refund from an injured worker must first be addressed by the state workers'...
 

Time Limit and Gap in Comp Benefits Not Unconstitutional, Florida Court Says

What happens when a worker's injury needs follow-up surgery many years later, requiring the employee to miss months of paychecks? In...
 
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South Central

 

Louisiana's Citizens Increasing Commercial Coverage Limits

Louisiana's property of last resort will raise commercial property insurance coverage limits for the first time in eight years. The Board...
 

Louisiana Apartment Complex Still Reeling From Laura Damaged by Tornado

Rising after a hard knock can be wrenching, but for Claudette Price _ who has just endured her fourth punch _ accepting defeat is not an...
 

Louisiana Seeks Takeover of Pair of Regional Insurance Companies Facing Insolvency

The Louisiana insurance commissioner is seeking a government takeover of Access Home Insurance Co. and State National Fire Insurance Co.,...
 
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Insurance Jobs

 

Commercial Auto Claims Adjuster - American Claims Management - Remote

 

Sales/Marketing Professional - Atlantic Mutual Insurance - Ft. Lauderdale, Florida

 

Sales & Marketing Coordinator - Wells Media Group - Remote - Central Time Zone

 

Data Analytics Engineer - Palomar - Remote

 

Senior Product Development Analyst - Virginia Farm Bureau - Richmond, VA

 
 
 

West

 

USI Acquires Washington-Based Griffin MacLean

USI Insurance Services has acquired Bellevue, Washington-based Griffin MacLean Insurance Brokers. Founded in 1981, Griffin MacLean is an...
 

Alera Group Acquires California's McSherry & Hudson Insurance Services

Alera Group, an independent, national insurance and wealth management firm, has acquired McSherry & Hudson Insurance Services, an...
 

Former Governor Focuses on Saving California Forests from Wildfires

As smoke lingered in the air amid another destructive California wildfire season, former Gov. Jerry Brown invited a group to his ranch...
 

Pinnacol in Colorado to Decrease Workers' Comp Rates in 2022

Pinnacol Assurance in Colorado announced it will lower rates for the carrier's 53,000-plus policyholders in Colorado by an average of 11%...
 

People Moves: Monarch E&S Promotes Borisoff in California; WSS Names Bernstein Senior Vice President

Monarch E&S Insurance Services, a division of Specialty Program Group/SPG Insurance Solutions in California, promoted Devon Borisoff to...
 

California Insurance Commissioner Proposing Heat Wave Ranking System

California Insurance Commissioner Ricardo Lara is sponsoring legislation to establish a ranking system for heat waves, the California...
 
More West News »
 
 

International & Reinsurance

 

Big Europe Reinsurers See Strong 9M Earnings Despite High Natural Disaster Losses

All four major European reinsurers reported a strong improvement in earnings for the nine months, compared to the same period last year,...
 

Insurers to Hike Private Market Investments; Environmental Focus Grows: BlackRock

GLASGOW / NEW YORK - Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt...
 

COP26 Climate Agreement Targets Fossil Fuels as Key Driver of Global Warming

GLASGOW - U.N. climate talks ended Saturday with a deal that for the first time targeted fossil fuels as the key driver of global...
 

U.S. Severe Weather Insured Losses Surpassed $20B After Rough October: Aon

Annual U.S. severe weather insured losses for 2021 are jumping above $20 billion after a rough October, even before the year is complete,...
 

Berkshire Hathaway General Reinsurance Unit Launches Mideast Office in Dubai

DUBAI -- The General Reinsurance unit of Warren Buffett's Berkshire Hathaway Inc has set up a Middle East office in Dubai, Dubai...
 

Paytm's IPO Oversubscribed but Doesn't See Blow-out Demand From Investors

BENGALURU - Paytm's $2.5 billion initial public offering (IPO), India's largest, was oversubscribed at the close of bidding on Wednesday,...
 

Aston Lark Continues Buying Spree With Purchase of UK Broker Philip Williams & Co.

Aston Lark, the London-based insurance broker backed by Goldman Sachs that is soon to become part of Howden, announced the acquisition of...
 

People Moves: Allianz Global Corporate & Specialty Appoints 5 to Leadership Team

Allianz Global Corporate & Specialty SE (AGCS) announced it is strengthening its leadership team, hiring internal and external talent for...
 
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Insurance Journal Blogs and Columns

 

CARES ACT Accommodations: A Success Story for Insurance Risk Scores

This post is part of a series sponsored by TransUnion. Unprecedented economic disruption puts credit-based scoring to the test -- and it...
 
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Research and Webinars

 
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Real-time cyber quoting from anywhere.

Businesses rely on their agents and brokers to understand the risks they face and to make recommendations on how to best protect...
 
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The MGA's Guide to Producer Licensing and Compliance through Technology

MGAs face regulatory challenges from all directions and insurance laws vary by state, making the management of producer...
 
research

How to optimize your office spaces and reduce costs

Discover how your company can attract and retain top talent and manage growth with technology that simplifies office space...
 
research

6 Ways to Launch a Winning Digital Experience

Technology innovation has been shaping the way clients and staff expect businesses to behave for years, but it's important now...
 
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Mobile Telematics: The solution to driving your business forward.

Are you still using Credit Score to assess risk? Move beyond legacy methods of assessing risk with proven insurance solutions...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 36: California Law Opens up Foods and Cosmetics for CBD, but it Could Create Heavy Regs

When California Gov. Gavin Newsom signed AB 45 into law in October, there was a lot of...
 
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EP.35: Will Cannabis Legalization, or Safe Banking Pass This Year?

It's part of just about every cannabis conversation: "Hey, it looks like we're close to seeing...
 
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