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October 18, 2021
 
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National

 

Lawmakers Introduce Liability, Competition Bills Targeting Giant Internet Firms

The biggest U.S. tech companies would face new constraints under two bills announced Thursday after a month of revelations from a...
 

Benefits of Vaccine Mandates Outweigh Workers' Comp Costs of Vaccine Injuries

Vaccinations have served to significantly reduce the spread of COVID-19 in populations with high take-up rates, according to the Centers...
 

U.S. Insurers' Face 'Minimal Exposure' in China's Evergrande Property Crisis

The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country's largest property...
 

Kemper Proposes $17.6M Settlement of Data Breach Claims

Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about $17.6 million. The dual...
 

Former Boy Scouts Official Tells Congress Group Still Protecting Secrets Over Kids

The former youth protection director for the Boy Scouts of America said Tuesday the organization is not doing enough to protect children...
 

Mobility Sector Will Need New Insurance Products to Continue to Grow: Marsh

For the sharing economy and mobility sectors to continue to grow, they will need new forms of insurance, including programs to support...
 

Industry Groups Meet at White House on Vaccine Mandate Rule

Several influential industry groups including the U.S. Chamber of Commerce met White House officials on Friday and raised concerns about...
 

Climate Change Impact: 40% Chance of '100-Year Storms' Over 20-Year Span

While events like Hurricane Ida and a Texas winter freeze demonstrate wide-reaching impacts of climate change to all but...
 
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East

 

New York Mandates Continuing Education for Insurers in Flood Insurance, Diversity

The New York State Department of Financial Services (DFS) is mandating continuing education in flood insurance for property/casualty...
 

Attorney Says New Jersey Complex Evacuated Due to Rockslide Will Be Razed

A New Jersey apartment complex from which 45 families were abruptly evacuated due to a rockslide stemming from the remnants of Hurricane...
 

Massachusetts Bakery Agrees to Settle Race Discrimination Lawsuit

A Massachusetts bakery has agreed to pay up to $95,000 in penalties and restitution, require anti-bias training for employees, and revise...
 
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Midwest

 

People Moves: Guaranteed Names Jeff Wingate as EVP; Alera Hires Seabold

Guaranteed names Jeff Wingate as EVP Guaranteed Rate Insurance, an independent brokerage that offers personal, commercial, life and...
 

Ohio Lawmakers Push Sex Assault Lawsuit Bills That Would Lift Damage Caps, Time Limits

House Democrats are calling for action on legislation that would remove time limits restricting when sexual assault victims could file...
 

Missouri Governor Slams Paper for Uncovering Security Flaw in State Database

Republican Gov. Mike Parson condemned one of Missouri's largest newspapers for exposing a flaw in a state database that allowed public...
 
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Insurance Jobs

 

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Southeast

 

Insurers' Payments to Expert Witnesses Are Discoverable, Florida Supreme Court Says

Florida insurance companies must disclose their financial arrangements with expert witnesses when asked to do so in litigation, the state...
 

14 Alleged Insurance Fraudsters Arrested in Florida

Fourteen alleged insurance fraudsters are awaiting court action after they were arrested last week in southwest Florida. In Manatee...
 

Florida Law Officers Want Change to Workers' Comp PTSD Law

Three years after first responders in Florida won a hard-fought victory to make mental stress a compensable condition, officers now hope...
 
More Southeast News »
 
 

South Central

 

Louisiana Implements Mediation Program for Hurricane Ida Claims

Louisiana has established a voluntary mediation program for the purpose of resolving property/casualty insurance claim disputes related...
 

People Moves: IMA Adds Marine Practice; Hires McCord, Homrighaus, Roberts in Houston

IMA Adds 3 Marine Experts in Houston IMA Inc. added a marine practice group with the hiring of three new insurance veterans in its...
 

Proposed New Orleans Ordinance Aims for Safer Senior Living Facilities in Ida's Aftermath

A new ordinance being proposed in New Orleans is designed to protect residents at apartment complexes for seniors during disasters like...
 
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West

 

'Lost' Rolex Watch Turns Up at Washington Jeweler, Owner Faces Fraud Charge

Christopher Michalke, of Seattle, Wash., was charged in King County Superior Court with one felony count of filing a false insurance...
 

County in Washington Settles Shooting Lawsuit for $3.5M

A western Washington county has agreed to pay $3.5 million to settle a lawsuit filed by the family of a man shot in the head in 2017 by a...
 

People Moves: LP Adds DeHart, Pino and Warner in Nevada; Powers-Leavitt Names Woodruff Managing Partner

LP Insurance Services LLC added Deanna DeHart, Courtney Pino and Bryce Warner to the Reno, Nev., employee benefits insurance team. All...
 

California City Paying $11M to Settle Fatal Crosswalk Crash

Sacramento has paid $11 million to settle a lawsuit after a car hit a boy and killed his grandmother in 2018, one of the city's largest...
 
More West News »
 
 

International & Reinsurance

 

Twins Who Built $1.3B Marshmallow Car Insurance Startup as Industry Challenger

For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on challenging them...
 

Electric Scooter Providers Plan Selective Expansion, Seeking Scale to Survive

The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as they face tougher...
 

Munich Re, Hannover Re Expect Rising Prices After Floods in Germany

German reinsurance companies Munich Re and Hannover Rueck said on Monday they expect rising prices for their business in Europe next...
 

Canary Islands' Volcanic Eruption Reminds Insurers of Challenges of Non-Modeled Perils

The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of Spain, is a...
 

China Urges Development of Accident Insurance, Pension Products for Gig Workers

China's top banking and insurance regulator said it would encourage insurers to accelerate the development of commercial pension products...
 

China Provides Assurances that Evergrande Crisis Is Being Contained

For months in the runup to the 2008 financial crisis, banking heavyweights from Federal Reserve Chair Ben Bernanke on down said the...
 

Hub International Acquires Canadian Employee Benefits Broker Rogersworks Inc.

Hub International Ltd., the Chicago-based global insurance brokerage and financial services firm, announced it has acquired the assets of...
 

Guy Carpenter Launches European Wildfire Risk Score as Exposure Management Tool

Guy Carpenter & Co., the reinsurance business of Marsh McLennan has announced the launch of a Wildfire Risk Score designed to help...
 
More International & Reinsurance News »
 
 
 
 
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Insurance Journal Blogs and Columns

 

Federal Government Seeks Insurance Industry Input on Climate Change

This post is part of a series sponsored by AgentSync. With flooding from hurricane Ida in the east and fires raging on the west coast as...
 
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Research and Webinars

 
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Rethink Your Agency Operations – 5 Levers for More Business Growth & Profitability

ReSource Pro offers five in-demand solutions for more unique business growth and profitability: Growth Solutions Policy...
 
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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...
 
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Agents have the expertise. Now they have the quoting speed, too.

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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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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Influence Restoration Services for Better Results

Your response to a client's disaster is the key to customer satisfaction, retention, and referrals. Insurance providers need 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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