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November 2, 2020
 
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National

 

Insurance Price Tag from Hurricane Zeta Estimated at $4.3B in U.S.

Insurers are bracing for a hit of about $4.3 billion from Hurricane Zeta in the United States, catastrophe modeling company Karen Clark &...
 

AIG's Plan to Divest Life & Retirement Business Could Prompt Ratings Downgrades

American International Group's plan to downsize by divesting its Life & Retirement (L&R) business is drawing cautious and wary reactions...
 

Russia-Based Hackers Plan New Wave of Attacks Against U.S. Hospitals: Security Firm

A Russia-based ransomware group responsible for a new wave of attacks against U.S. hospitals is laying the groundwork to cripple at least...
 

CoreLogic Shareholders Should Support Dissident Nominees for Board, Says ISS

Two investors pushing CoreLogic Inc. to explore a sale won partial support from a prominent shareholder advisory firm, which urged...
 

Berkshire Hathaway GUARD Expands Architects & Engineers Coverage Into 3 States

Berkshire Hathaway GUARD Insurance Companies has expanded the list of states the company offers its architects and engineers professional...
 

Holzworth to Head Applied Systems' IVANS

Applied Systems has named Reid Holzworth as chief executive officer of IVANS, the insurance industry's exchange connecting insurers,...
 

Report: More Firms Turning to Insurance Captives in Tightening Market

More organizations are using captives for insurance protection and financial flexibility in response to today's risk and insurance...
 

COVID-19 Crisis Renews Attention on Systemic (Uninsurable) Risks

Reinsurers and insurers for years have been worried about systemic risks - those uninsurable risks with the potential of...
 
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East

 

Navarro, Pillsbury Eye Election as Delaware's Next Insurance Commissioner

Delaware is set to elect its next insurance commissioner tomorrow. Dr. Julia Pillsbury is the candidate for the Republican party, while...
 

Rhode Island Climate Change Suit Remains in State Court

A lawsuit filed by the state of Rhode Island against 21 fossil fuel companies seeking damages for the impacts of climate change will be...
 

Disbarred New York Attorney Pleads Guilty to Stealing 9/11 Victim Compensation Funds

A disbarred attorney based in Yorktown Heights, N.Y., has pled guilty in White Plains federal court to stealing government funds. Gustavo...
 
More East News »
 
 
 
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Midwest

 

Universal Insurance Holdings Subsidiary Now Writing Homeowners Insurance in Iowa

Universal Property & Casualty Insurance Co. (Universal Property), a subsidiary of Florida-based Universal Insurance Holdings Inc., has...
 

Medtronic to Pay $9.2M in South Dakota Kickback Case Settlement

Minnesota-based Medtronic has agreed to pay $9.2 million to resolve allegations that it paid kickbacks to a South Dakota neurosurgeon and...
 

Wisconsin DNR Board OKs Firefighting Foam Restrictions, Regulations

Wisconsin environmental regulators have approved an emergency rule that restricts the use of firefighting foam and lays out steps to...
 

Wisconsin Republican Party: Hackers Stole $2.3M

Hackers have stolen $2.3 million from the Wisconsin Republican Party's account that was being used to help reelect President Donald Trump...
 
More Midwest News »
 
 
 
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Southeast

 

Candidates in Hotly Contested North Carolina Insurance Race Talk Scandal, Priorities

The race for the next North Carolina Insurance Commissioner features two familiar faces to state voters in what is a three-peat showdown...
 

Tennessee Insurance Head Steps Down After Sexual Misconduct Investigation

A Tennessee insurance commissioner who submitted his resignation last week faced an investigation over allegations of sexual misconduct...
 

Zeta Leaves Its Mark on Southeast States

Millions of people were without power and at least six were dead Thursday after Hurricane Zeta slammed into Louisiana and made a beeline...
 

Landslide from Tropical Storm Zeta Causes 90-Mile Detour in North Carolina

A landslide caused by Tropical Storm Zeta has blocked a North Carolina road, severing access between mountain counties and forcing...
 

10 People Injured in Mississippi Hayride Accident

Ten people on a hayride in Mississippi were treated for critical injuries after a pickup truck collided with their trailer being pulled...
 
More Southeast News »
 
 
 
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South Central

 

Albrecht Joins Alliant Insurance Services as Senior VP in Dallas

Alliant Insurance Services has added Frank Albrecht, a risk management specialist with a versatile background in construction,...
 

Man Wrongly Arrested in Fatal Shooting in Texas Sues for $3M

A man who was arrested and charged with murder a year ago in a fatal shooting near Greenville, Texas, before being cleared is suing the...
 

Zeta's Impact on Louisiana Island: 'Like a Bomb Was Dropped'

Mark Andollina remembers stinging rain and a howling wind that peeled the roof off part of his Cajun Tide Beach Resort on Grand Isle, the...
 
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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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West

 

$166M in Fines Recommended for PG&E Over California Outages

California regulators are being asked to fine Pacific Gas & Electric nearly $166 million for failing to properly inform customers before...
 

Reporter Tear Gassed at Oregon Protest Settles Lawsuit

A Eugene Weekly reporter who was hit with a tear gas canister while he filmed police breaking up a protest in late May in Oregon has...
 

Newfront in California Adds Alliant's Vanderyacht to Run Logistics Practice

San Francisco, Calif.-based Newfront Insurance has named Jason Vanderyacht a principal and logistics practice leader. Vanderyacht comes...
 

Washington Family Files Lawsuit Following Death After Surgery

The family of a woman who lived at a Washington facility filed a lawsuit alleging neglect that caused her death following bunion surgery....
 
More West News »
 
 
 
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CA Dwelling Fire Decreased Rates
 
We are pleased to announce that we recently decreased rates by 3.5 - 6.1% in certain territories for our California Dwelling Fire Program.
 
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International

 

Private Equity Investors Pelican Ventures, J.C. Flowers to Buy Ariel Re from Argo Group

Pelican Ventures and J.C. Flowers & Co., both private equity investors with significant insurance expertise, announced they have agreed...
 

Australian Pension Fund Agrees to Settle Landmark Climate Risk Litigation

SYDNEY -- One of Australia's largest pension funds on Monday agreed to settle a landmark climate risk litigation filed by a 25-year-old...
 

World's Strongest Storm in 2020 Kills at Least 16 in Philippines

The world's strongest storm this year killed at least 16 people in the Philippines, and sent tens of thousands more to evacuation...
 

Rescue Efforts Continue After Earthquake Strikes Turkey, Greece with at Least 57 Dead

IZMIR, Turkey - Rescue workers extricated a 70-year-old man from a collapsed building in western Turkey on Sunday, some 34 hours after a...
 

Tropical Storm Eta Ties 2005 Record for Most Named Atlantic Storms in One Year

Tropical Storm Eta formed overnight [on Sunday, Nov. 1] in the Caribbean, becoming the Atlantic's 28th storm of 2020 and tying a 2005...
 

Retail Investors Placed Bids for Record $3 Trillion of Shares in Ant Group's IPO

Retail investors placed bids for a record $3 trillion of shares in Ant Group Co. Ltd.'s dual listing in an unprecedented show of interest...
 

Brexit Negotiations to Continue This Week as EU, UK Push to Save Trade Deal

EU and British Brexit negotiators will continue talks in Brussels on Monday and until around mid-week, sources on both sides said on...
 

Japan's Largest Airport Opens COVID-19 Testing Lab for Departing Travelers

TOKYO -- Japan's largest airport opened a novel coronavirus testing facility on Monday as it takes steps to reopen international travel...
 

Guy Carpenter Launches Mutual, Agency and Captive Reinsurance Solutions Practice

Guy Carpenter & Co., the reinsurance broker subsidiary of Marsh & McLennan Cos., announced the launch of a new marine & energy mutual,...
 
More International News »
 
 
 
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Understanding Business Income
 
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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Insurance Journal's Academy of Insurance
 
 
 
 

Research and Webinars

 
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OSHA Top 10 eBook

Brokers, help your insureds avoid the most frequently cited violations. OSHA citations. They're rampant, they hide in plain...
 
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Your Guide to Insuring High Net Worth Individuals

High net worth individuals and their families --- those with liquid assets of more than $1 million -- have an extensive variety...
 
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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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Cannabis: Where the Growth Opportunities Are

The cannabis industry continues to thrive in 2020, creating new products, jobs and businesses - all with insurance...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 13: How Election Results Could Greenlight Federal Cannabis Legalization

Nov. 3 is the big day, and while the big story for voters is the choice between diametrically...
 
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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

 

Billing software

Posted: Sat Oct 31 -- Hey folks - long time lurker, first time poster. I am researching how to better manage billing for my agency. We do commercial lines with... TechDude
 

Management System and Rater

Posted: Fri Oct 30 -- Hi Dignainsurance! We have been extremely happy with our Hawksoft CMS. I'd look into that if you haven't already bought one. Swymmer
 

Workers comp ghost policy

Posted: Fri Oct 30 -- Continuing on with the conversation... a "ghost policy" is really a normal work comp policy with no reportable payroll at the time it is... Swymmer
 

Questions on starting IA

Posted: Fri Oct 30 -- For all the reasons above, starting a new IA is a tough way to go. If there is some other compelling reason to have a P/C agency then I... Swymmer
 

ACV vs Rep Cost for leased property loss

Posted: Tue Oct 27 -- Was their an endorsement for the leased copier on the policy? Was it scheduled? gebhardt
 

CGL For Power Sport Rental Company-ID

Posted: Tue Oct 27 -- Did you ever find a place to put this? I would try RT Specialty but expect premiums to be at least 250k ++ gebhardt
 

Aggregators

Posted: Mon Oct 26 -- We've been with ASNOA for ~6 years and have been very happy with them. Mikerob7
 

How can a new agent obtain appointments?

Posted: Mon Oct 26 -- Joining an aggregator such as ASNOA is a good option. You do give up some of your commissions but in turn, you're receiving many more... Mikerob7
 
Go To Forums »
 
 

Reader Comments

 

Florida Property Insurance Market Inches Closer to Crisis - Part 1

Posted: Thu Oct 29 -- The sooner this house of cards comes down the better. It ought not be supported for one more minute. You can only delude yourself that... Vox
 

Jerry Falwell Jr. Files Suit Against Liberty University Claiming Reputational Damage

Posted: Fri Oct 30 -- kind of reminds me of that time Lenny Dykstra tried to sue someone for defamation of character, only to have the case thrown out because the... steven
 

Lawsuit Alleges Uber Uses 'Biased' Rider Ratings to Fire Drivers

Posted: Tue Oct 27 -- 80% of Uber drivers are minority in California, I would bet at least 50% in other states. For pete sakes, it not like this is a white... Agency
 

Twitter, Facebook, Alphabet Executives to Defend Liability Shield Before Senate

Posted: Wed Oct 28 -- you're absolutely right, Yogi, the President (let me repeat that: THE PRESIDENT OF THE UNITED STATES OF AMERICA) should be free to retweet... steven
 

McDonald's Black Franchisees File New Discrimination Lawsuit

Posted: Fri Oct 30 -- Seems like a lawsuit of opportunity, not merit. It is not cheap or easy to get a McDonald's franchise, and the expectation is any potential... Mr. Integrity
 
Go To Popular Comments »
 
 
 
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