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October 11, 2021
 
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National

 

Chubb CEO Greenberg Says Some Insurtechs Are More About Hype Than Transformation

Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking recently before an...
 

Allstate to Sell Northbrook Headquarters in Strong Endorsement of Hybrid Work

Allstate Corp. plans to sell its headquarters building, marking the U.S. finance industry's firmest endorsement yet of the desire to...
 

Southwest Air Pilots Seek to Block COVID-19 Vaccine Mandate

Southwest Airlines Co. pilots asked a court to temporarily block the company from carrying out federally mandated coronavirus...
 

U.S. Endures 18 Major Weather and Climate Disasters in 2021

The U.S. has endured 18 major weather and climate disasters so far this year that killed a combined 538 people and inflicted more than...
 

Private Equity Firm KKR Names Bae, Nuttall to Succeed Founders as Co-CEOs

KKR & Co Inc said on Monday it has elevated its co-presidents Scott Nuttall and Joseph Bae to co-chief executive officers, succeeding the...
 

Tokio Marine Highland Offers Fine Art Insurance Through New Division Led by Fischer

Tokio Marine Highland, the Chicago-based property and casualty underwriting agency, announced it has launched fine art insurance for...
 

People Moves: TigerRisk Names Harbor Hill Solutions' Kilduff to Head MGA Business; AXA XL Insurance Promotes Gittler to Lead Cyber & Technology, Americas

TigerRisk Names Former Harbor Hill Solutions CEO Kilduff to Head MGA Unit TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance...
 

Sponsored: The New Paradigm of Climate-Conscious Insurance

As climate change alters the atmosphere and increases the frequency and severity of natural catastrophes ...
 

ESG and the Future of Energy

One area receiving increased scrutiny by underwriters are ESG related issues, or environmental, societal and government requirements,...
 

The Infrastructure Bill: What It Means for General Contractors and Their Insurers

The United States Senate overwhelmingly passed the $1 trillion infrastructure bill in August. The House aims to pass the...
 
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East

 

Convicted Massachusetts Shoe Company Exec to Forfeit Home to Feds

A former executive at a Massachusetts shoe manufacturer convicted last month of embezzling $30 million from the company must also now...
 

Northeast Summer Storms Were a Climate-Change Wake-Up Call for Subways

When the remnants of Hurricane Ida dumped record-breaking rain on the East Coast this month, staircases leading into New York City's...
 

Pittsburgh Public Housing Plagued by Disrepair, Failed Inspections

Shamsa Mada points to her kitchen ceiling, dotted with mold and bubbling paint and stains that reveal signs of a leak from the upstairs...
 

Jencap Group LLC to Acquire Assets of Russell Bond & Co.

Jencap Group LLC agreed to acquire the assets of Russell Bond & Co. (RB), a full-service specialty wholesale brokerage and managing...
 
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Midwest

 

Missouri Woman Sues GEICO After Contracting STD During Sex in Car Insured by Company

A Missouri woman is suing GEICO after contracting a sexually transmitted disease in a car insured by the company. The woman, identified...
 

Arthur J. Gallagher Acquires Iowa's River Valley Capital Insurance

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows,...
 

Company Faces $709.9K in Fines for Safety Violations at Ohio Facility

An explosion and fire that killed a press operator and hospitalized eight other employees of Yenkin-Majestic Paint Corp. could have been...
 
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Insurance Jobs

 

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Southeast

 

Former Insurance Chief's Sentencing Delayed; Could Face 10 Years

Former Georgia Insurance Commissioner Jim Beck will have to wait a little longer to learn his fate, after his sentencing date was...
 

Judge Says Evidence Destroyed in Georgia Poultry Plant Deaths

The Georgia judge overseeing lawsuits brought after workers were killed at a chicken processing plant is weighing sanctions against a...
 

NC Lawmakers Approve 'Sandbox' to Waive Regs, Spur Insuretech Innovation

North Carolina lawmakers hope a bill that creates a "regulatory sandbox" will spur innovation in the insurance and financial sectors in...
 

AIA Expands to Florida Workers' Comp Market

While some property and casualty insurers have pulled out of the troubled Florida market, Associated Insurance Administrators sees strong...
 
More Southeast News »
 
 

South Central

 

Tesla Auto Insurance Expanding into Texas This Week

Tesla will launch its own brand of auto insurance in Texas this week, founder Elon Musk said during a Oct. 7 shareholders call addressing...
 

NTSB: Louisiana Boat's Engine Room-Only Fuel Shutoff Valves Let Fire Spread

Fuel shutoff valves outside the engine room might have stopped a fire that destroyed a shrimp boat after an explosion off Louisiana last...
 

Oil & Gas Services Company Sued for Racial Harassment, Retaliation at Texas Site

Federal equal employment officials say an Oklahoma-based inspection services company subjected black employee to a racially hostile work...
 
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West

 

Takeaways from Our Conversation on Cannabis and Surplus Lines

It may not come as much of a surprise to those who know about insurance and cannabis that the business is written mostly by the surplus...
 

Washington Judge Shoots Down Insurance Commissioner's Credit Scoring Ban

A judge in Washington ruled in favor of the insurance industry's argument against Washington Insurance Commissioner Mike Kreidler's...
 

Liberty Company Acquires Rubicon M&A Insurance Services in California

The Liberty Company Insurance Brokers has acquired Rubicon M&A Insurance Services LLC in California. Terms of the deal were not...
 

California Spill Not the Environmental Disaster First Feared

After a crude oil sheen was detected on the waters off the Southern California coast, environmentalists feared the worst: A massive spill...
 

Colorado Salmonella Outbreak Tied to Seafood Sickens 82

A salmonella outbreak tied to seafood that Denver, Colo.-based Northeast Seafood Products Inc. processed or manufactured has sickened at...
 
More West News »
 
 

International & Reinsurance

 

Climate Swat Team Aims to Identify When Global Warming Causes Extreme Weather

When weather disaster strikes, observers near and far ask the same question: Climate change--is it or isn't it? The simplest answer, yes,...
 

New Rules Needed to Deal With Risks From Cloud Computing: Bank of England

New rules will be needed to deal with operational risks from banks relying on outsourced "cloud" computing from Amazon, Google, Microsoft...
 

Climate Class Action Suit to Proceed Against Australia Government

A class action lawsuit that claims Australia is misleading investors by failing to disclose the impact of climate risk in its bonds will...
 

Russia's Renaissance Insurance Seeks $1 Billion Valuation in IPO

Renaissance Insurance Group JSC, Russia's largest online policy provider, set a price range for its initial public offering in Moscow...
 

MGA Occam Acquires Terrorism Specialist Beech Underwriting Agencies

Occam Underwriting, the London-based specialist lines focused managing general agency (MGA), announced it is acquiring Beech Underwriting...
 

Howden Acquires Belgian Insurance Broker Sarton & Associés

Howden, the London-based re/insurance broker, announced the acquisition of Belgian insurance broker, Sarton & Associés. Financial terms...
 
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Research and Webinars

 
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Tapping Into the Growing Home Based Business Market

The world has changed. Work has changed. Growing numbers of people are stepping away from corporate America and setting up home...
 
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Reducing Workers' Compensation Risks in the Construction Industry

With increased demand for new homes and building materials, the industry faces challenges finding skilled workers to do the job....
 
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Trends Impacting Your Transportation Clients

Agents and brokers dealing with transportation clients should have a solid grasp on the pandemic induced developments impacting...
 
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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Understanding the uninsured: Five opportunities for promising growth.

The protection gap is found anywhere your customer is exposed to a risk that they could insure against but do not. This is a...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 34: Insuring Cannabis is Impossible Without Surplus Lines, so a Hardening Market is a Thing to Watch

It may not come as much of a surprise to those who know about insurance and cannabis that the...
 
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EP.24: Are Public, Private Partnerships the Answer to Cybersecurity's Risk Management Problem?

The Biden Administration is increasingly prioritizing growing ransomware threats as a risk...
 
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