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November 16, 2020
 
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National

 

World Encouraged by Moderna, Pfizer Vaccines' Success in Trials

Moderna Inc.'s experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company...
 

Kevelighan: Talks with Institutes on Creating 21st Century Triple III Began Years Ago

Affiliating with The Institutes provides an opportunity for the industry's Insurance Information Institute (III) to become more of a 21st...
 

Independent Agents Seek Digital, Product Support From Carriers to Battle Direct Writers

Independent insurance agents and their carrier partners face strong headwinds in their efforts to maintain their dominance among...
 

U.S. Expected to Grant Safety Clearance for Boeing's 737 MAX This Week

After a standoff with global regulators, management turmoil and a massive safety review, Boeing Co. is set to win U.S. approval on...
 

McDonald's Plans Safety Checks of All Restaurants as COVID Cases Surge

McDonald's Corp. will inspect all its U.S. restaurants to ensure compliance with safety standards as coronavirus cases surge again and...
 

GM Recalling 69,000 Chevy Bolt Electric Cars Over Fire Risk

General Motors Co. said on Friday it was recalling 68,677 electric cars worldwide that pose a fire risk after five reported fires and two...
 

Risk Placement Services Launches Online Commercial Crime Product

E&S wholesale broker and managing general agency Risk Placement Services has launched a commercial crime insurance product to cover...
 

Judge Throws Out Trump Campaign's Libel Claim Against CNN

A U.S. judge on Thursday dismissed a libel lawsuit filed by President Donald Trump's re-election campaign against CNN over a 2019 opinion...
 

Florida Homeowners Insurtech TypTap Goes National

After launching in Florida as a flood insurer in 2016 and expanding into the homeowners market in 2018, TypTap Insurance Co. has officially...
 

Keeping Your Competitive Edge by Tracking Rating Bureau Content

Keeping up to date with rating bureau content has always been an onerous task for P/C insurance carriers, particularly...
 
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East

 

Massachusetts Septic Hauler to Pay Fine to Settle Illegal Dumping Lawsuit

A Massachusetts septic hauling company has agreed to pay up to $500,000 to settle allegations that it dumped waste into a local town's...
 

Obsidian Specialty Insurance Company Receives A- Rating from AM Best

AM Best has assigned the recently-formed excess and surplus (E&S) lines insurer, Obsidian Specialty Insurance Company, a financial...
 

World Insurance Associates Acquires Virginia's Danaher-Skewes & Associates

World Insurance Associates LLC (WIA) acquired Danaher-Skewes & Associates Inc. of Manassas, Va., on November 1, 2020. Terms of the...
 

Alera Group Names Parker as VP of Employee Benefits Technology & Services

Alera Group, a Deerfield, Ill.-based insurance and financial services firm, has named Brian Parker as vice president of Employee Benefits...
 
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Midwest

 

Labor, Civil Rights Groups' Lawsuit Claims Iowa Failed to Protect Workers

Eight Iowa labor and civil rights groups have filed a federal complaint alleging the state has failed to protect workers in meatpacking,...
 

World Insurance Associates Acquires Indiana's Ball Insurance

Ball Insurance Services (Ball Insurance) of Northwest Indiana has been acquired by World Insurance Associates LLC. Ball Insurance, based...
 

Lockton Hires Aon's Stine as Midwest Series VP in St. Louis

Lockton has added Casey Stine as a vice president and Business Development consultant for the firm's Midwest Series. Stine, who has...
 
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Southeast

 

Parts of Florida, Carolinas Take Beating from Tropical Storm Eta

After hanging over Florida for several days, the former Tropical Storm Eta became a post-tropical cyclone early Friday, racing off the...
 

King Tides Could Bring Flooding to South Florida

The National Weather Service in Miami is issuing a coastal flood statement as the new moon's proximity to Earth brings on another round...
 

Flooding in North Carolina Prompts State of Emergency

Flooding from heavy rains across North Carolina prompted Gov. Roy Cooper to declare a state of emergency on Friday as searchers looked...
 

HUB Acquires Assets of Miss.-Based Larry Dean Massey, Jr.

Hub International Limited (Hub), a global insurance brokerage, has acquired the insurance brokerage assets of Larry Dean Massey, Jr....
 

Orchid Insurance, Homesite Launch Homeowners Insurer TRUE in Florida

Orchid Underwriters Agency, LLC (Orchid), a specialty underwriter of catastrophe-exposed property insurance, and Homesite Group, a...
 
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South Central

 

Texas Automobile Insurance Plan's 4.8% Commercial Auto Rate Hike Approved

The Texas Department of Insurance (TDI) has approved the request by the Texas Automobile Insurance Plan Association (TAIPA) for a 4.8%...
 

Oklahoma Ice Storm Damage Up to $27M; Disaster Declaration Requested

Oklahoma Gov. Kevin Stitt has requested a federal major disaster declaration from last month's ice storm that caused an estimated $27...
 

6 Louisiana Parishes Named Disaster Areas: USDA

The federal government has designated six Louisiana parishes as contiguous natural disaster areas resulting from excessive rain and...
 

25K Virus-Linked Claims Filed with Texas Workers' Comp Carriers Through June 30

As of Sept. 27, workers' compensation insurance carriers in Texas had reported more than 25,000 COVID-19 claims and 103 fatalities to the...
 
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West

 

Hub Acquires Assets of The Vitolo Company in Washington

Hub International Limited has acquired the assets of The Vitolo Co. in Seattle, Wash. Terms of the deal were not disclosed. Mike Vitolo,...
 

California Couple Charged with Insurance Fraud After 4-Car Collision

Jamil Reinery Flores, 39, and Nelly Patricia Turcios, 32, a married couple from Fullerton, Calif., were charged with multiple felony...
 

Washington Construction Firm Fined More Than $92K After Safety Inspection

A Washington construction company with a reported history of safety problems in Kitsap, Pierce and Grays Harbor was fined more than...
 

Commissioner Says Insurance Industry Spent $2.1B with California Diverse Businesses

Diverse California businesses supplied $2.1 billion in goods and services to insurance companies last year, a 16.7% increase since 2018....
 
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International

 

World Encouraged by Moderna, Pfizer Vaccines' Success in Trials

Moderna Inc.'s experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company...
 

Insurers Tell UK Supreme Court They Cannot Provide Unlimited Cover During Pandemic

Major insurance companies told the UK Supreme Court on Monday it was wrong to assume there could be unlimited cover during a pandemic in...
 

AXA Disputes Ruling that It Must Pay Millions of Euros in Back Taxes: News Report

AXA SA was ordered to pay tens of millions of euros in back taxes last year after French fiscal authorities deemed a Luxembourg-based...
 

Update: Hurricane Iota Threatens Honduras, Nicaragua, Just Days After Storm Eta

Hurricane Iota is set to slam into Central America Monday as the Atlantic's strongest storm of the year, bringing catastrophic winds and...
 

3 Typhoons in 3 Weeks Kill 100-Plus People in Philippines, Causing Damages of $518.5M

Three strong typhoons over the past three weeks have killed more than 100 people in the Philippines and damaged farms and infrastructure...
 

Medical Costs of COVID Patients 50% Higher Than Before Hospitalization: German Study

Medical costs of German COVID-19 patients who have left hospitals are on average 50% higher than before they were admitted, data from a...
 

Specialty Re/insurer Chaucer Launches Bermuda Reinsurance Branch for U.S. Business

Chaucer, the London-based specialty re/insurance group, announced the launch of a reinsurance branch in Bermuda to provide U.S. clients...
 

HSB Offers Consultancy Services in UK, Ireland to Help Firms Improve Life of Equipment

HSB is expanding its engineering services to deliver consultancy services that enable businesses to improve efficiency and meet their...
 
More International News »
 
 
 
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Business Income Insurance Demystified
 
Business income coverage is arguably one of the most important coverages your commercial clients should have. Get THE book on the subject.
 
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Research and Webinars

 
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How the Best Agencies Stand Out

Independent agencies today face an increasingly commoditized market, with new competitors constantly on the rise, and technology...
 
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Risk Management Checklist for P&C Brokerages

Businesses choose to work with companies that make them smarter, protect them from risk, and generally, make life easier. Does...
 
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Discover All the Inherent Risks of a High Net Worth Individual

High net worth individuals and their families --- those with liquid assets of more than $1 million -- have an extensive variety...
 
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Key Insights from 2020 Auto Insurance Consumer Shopping Study

Boost retention by reaching out at the right time with the right message. Auto insurance consumers are shopping more than ever...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 14: What an Election Green Wave in Five States Means for the Industry, Insurers

Elections Part II Nov. 3 came and went, and while there's some still contentious feelings...
 
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EP. 1: Insurance's Digital Transformation in the COVID-19 Era

"Insurance is a technology industry now."   That's according to Todd Lukens, chief...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Agency Management System

Posted: Sat Nov 14 -- Does anyone have information on QuikFuzion? They sound great, just what my startup would need and the price is great. I just can't find any... FLMA
 

Workers' Comp Audit Companies- Your Opinion?

Posted: Tue Nov 10 -- Is any member familiar with some of the workers' compensation auditing companies that have been around for a while? If so, what is your... insight3fl
 

Aggregators

Posted: Tue Nov 3 -- Curious as to what state you are in and what ASNOA has brought to the table for you. mightyquinn
 

Billing software

Posted: Mon Nov 2 -- Hey there. Hope you are doing well! We have a product that I believe will help you with our agency bill. I have several agencies that a... [email protected]
 
Go To Forums »
 
 

Reader Comments

 

Supreme Court Again Weighs Fate of Affordable Care Act

Posted: Tue Nov 10 -- I guess now we'll never see Trump's HEALLLTH CARE SPECIFFICCS plan which was going to replace the ACA four years ago and he was going... FourSeasonsTotalLandscaping
 

UPI News Photographer Sued by Gun-Waving St. Louis Couple

Posted: Mon Nov 9 -- "veered onto the private street near the McCloskeys’ home" What a lie! A mob of at least 100 smashed through their historic wrought iron... Paul
 

P/C Insurers Face Workforce, Risk, Policy Challenges as Pandemic Continues

Posted: Mon Nov 9 -- So sorry to hear that. Hoping they just have a mild case, don't have any serious long-term health issues, and you're able to avoid it.... Rosenblatt
 

Study Shows COVID-19 Patients at Greater Risk of Mental Health Problems

Posted: Tue Nov 10 -- primary source: Trump's Twitter account. FourSeasonsTotalLandscaping
 

Employers Facing Wave of Lawsuits by Parents Fired During Pandemic

Posted: Thu Nov 12 -- The economic and health impact of the virus will be worse than the cure . . . there is already evidence of the same in terms of suicides,... Mr. Integrity
 
Go To Popular Comments »
 
 
 
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