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October 5, 2020
 
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National

 

Insurers Gain Early Wins in COVID-19 Business Interruption Lawsuits

Insurers have succeeded in dismissing COVID-19 business-interruption lawsuits in 17 out of 23 cases heard so far, with a growing number...
 

Supreme Court Agrees to Hear Jurisdiction Question in Climate Damages Lawsuit

The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp., Exxon Mobil Corp. and...
 

Pandemic Economic Uncertainty Could See Insurers Buying, Partnering with Insurtechs

Insurance carriers could increasingly target insurtechs for acquisition and partnerships in the coming months due to pandemic-related...
 

Appeals Court Reinstates Glaxo $235.5 Million Verdict Against Teva

A federal appeals court on Friday reinstated a 2017 jury verdict ordering Teva Pharmaceutical Industries Ltd. to pay GlaxoSmithKline Plc...
 

Court Approves $800 Million Settlement For Las Vegas Shooting Victims

A court last week approved a settlement totaling $800 million from casino company MGM Resorts International and its insurers to more than...
 

Judges Nix Consolidating COVID Business Interruption Suits Against Big Insurers

A panel of federal judges has decided against consolidation of hundreds of lawsuits seeking coverage for coronavirus-related business...
 
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Report: Crisis Management Needs Unmet for 60% of Mid-Sized Businesses

Nearly 60 percent of mid-sized businesses said crisis management remains a top unmet need in terms of reducing risk exposure. At the same...
 
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COVID Challenges: Perspectives on P/C Insurance Leadership and Operational Productivity

From a personal perspective, the pandemic crisis has especially highlighted the importance of abiding by a driving...
 
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Featured Events

 
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October 20 / virtual
 
 
 

East

 

Proposed Virginia Bill Making Localities Responsible for Protest Damage Stalls

A Virginia General Assembly bill is likely dead for the session that would have held localities accountable for damages caused by...
 

CMIC Group Rebrands as Integris Group, Reorganizes as Mutual Holding Company

CMIC Group has rebranded as Integris Group and reorganized into a mutual insurance holding company, after having received approval by the...
 

Worldwide Facilities Acquires New Jersey's Hunt Jorgensen

Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Hunt...
 
More East News »
 
 
 
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Midwest

 

Michigan Governor's Coronavirus Powers Upended After Court Ruling

A 1945 law repeatedly used by Gov. Gretcher Whitmer to respond to the coronavirus pandemic was declared unconstitutional Friday by the...
 

Illinois Topped 300,000 Coronavirus Cases, Adds 31 Deaths

Illinois topped 300,000 confirmed coronavirus infections since the pandemic hit the state about seven months ago, state health officials...
 

More Illinois Auto Crashes with Deer Expected as Mating Season Begins

Illinois motorists should beware of more deer activity this time of year, particularly at dawn and dusk. Officials from the Illinois...
 

Woman Shot in Back in Missouri Gets $2M Settlement

A St. Louis, Mo., suburb has agreed to pay $2 million to settle a federal lawsuit with a suspected shoplifter who was shot in the back by...
 
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Southeast

 

Alabama Insurance Dept. Makes COVID-Related Producer Licensing Modifications

The Alabama Department of Insurance has issued a bulletin providing information and directives regarding current deadlines/requirements...
 

Georgia Extends Virus State of Emergency Until November

Georgia's governor extended his emergency rules regarding COVID-19 again Wednesday as the state surpassed 7,000 deaths from the...
 

Georgia Begins Weeklong Crackdown on Distracted Driving

In an effort to get drivers to keep their eyes on the road while they're behind the wheel, law enforcement officers in Georgia plan to...
 

Trean Insurance Group Completes Acquisition of South Carolina-Based 7710 Insurance Co.

The wholly-owned subsidiary of Trean Insurance Group, Benchmark Holding Co., Inc., has completed the acquisition of South Carolina-based...
 
More Southeast News »
 
 
 
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South Central

 

Arkansas Elementary School Teacher Dies From Coronavirus

An Arkansas teacher died from COVID-19, her husband said Friday, the second coronavirus death from the state's public schools this week....
 

Judge Tosses Case Over Texas Chemical Plant Fire During Harvey

A judge has dismissed the criminal case against a chemical manufacturer and one of its former employees over a fire at its plant near...
 
More South Central News »
 
 

West

 

Ridesharing Companies Spend Big in California to Oppose Even Costlier Gig Law

Uber Technologies Inc. and Lyft Inc. together are spending nearly $100 million on a November California ballot initiative to overturn a...
 

IMA Names Hennessey in California Cannabis Practice Leader

IMA Inc. has named Michael Hennessey as vice president, cannabis national practice leader. Hennessey is based in California. He will lead...
 

Court Approves $800 Million Settlement For Las Vegas Shooting Victims

A court last week approved a settlement totaling $800 million from casino company MGM Resorts International and its insurers to more than...
 

California Commissioner Asks Insurers to Cover Wildfire Losses Sans Home Inventory

California Insurance Commissioner Ricardo Lara is asking insurance companies help wildfire survivors by providing up to 100% of personal...
 

California Bills Signed into Law Related to Workers' Comp

California Gov. Gavin Newsom signed a handful of bills related to workers' compensation, including bills dealing with COVID-19 and...
 
More West News »
 
 
 
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International

 

UK Business Interruption Test Case to Get Fast-Track Appeal at Supreme Court

A test case brought by Britain's markets regulator against some of the world's biggest insurers will jump straight to the Supreme Court...
 

Enstar Offers to Purchase Watford Holdings for $620 Million

Enstar Group Ltd. has made a 100% cash offer to purchase Watford Holdings Ltd.for $31.00 per ordinary share, which amounts to $620...
 

UK Insurer LV= in Exclusive Talks with Bain Capital About Possible Deal

UK insurance company Liverpool Victoria said it's in exclusive talks with Bain Capital LP over a potential deal. The company, known as...
 

Legacy Reinsurer Premia Agrees to Buy Navigators Holdings (Europe) from The Hartford

Bermuda-based reinsurance run-off specialist Premia Holdings Ltd. has agreed to acquire Navigators Holdings (Europe) NV and its...
 

Westland Insurance Acquires 2 Brokerage Firms in Alberta, Canada

Westland Insurance Group Ltd. announced it has acquired two brokers, based in Alberta, Canada, effective October 1, 2020. Ironside...
 

SCOR Global P&C Restructures with Aim to Be More Responsive on Regional Basis

SCOR Global P&C is making a number of changes to its organizational structure to be more responsive on a regional basis, according to...
 

Harris Joins QBE as CEO of International Division

Jason Harris has joined QBE Insurance this month to take on the role of chief executive officer, International Division, which includes...
 
More International News »
 
 
 
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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 Blogs and Columns

 

4 Facts I Learned Watching the Strems Trial

One of the unexpected consequences of the COVID-19 pandemic is that I found myself able to watch a live courtroom proceeding from the...
 
More Blogs »
 
 

Research and Webinars

 
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Unlocking Big Growth in Small Commercial

To say that the commercial insurance industry is experiencing a moment of massive, unprecedented transformation would be an...
 
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Cannabis In the Workplace, What Your Clients Need to Know

Today, marijuana use has employers balancing state laws against federal anti-drug policies, as well as against employees' rights...
 
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Expert Roundtable: Why going digital is more than a buzz word

Modernizing to provide a client digital experience is more important than ever. But why is an exceptional client digital...
 
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Connectivity is key: How to bridge the gap between carriers, agents, and customers

Let's face it—the distribution channel has treated carriers, agents, and customers well in the past, but the digital world we...
 
More research and webinars »
 
 

Insurance Journal TV

 
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Where Are All the Cannabis Lawsuits?

Remember the infamous McDonald's hot coffee lawsuit from the 1990s? If blazing java on a...
 
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Increasing Diversity All About Dollars... And Sense

George Woods, a senior exec with Guy Carpenter, is an intriguing guest. He's knowledgeable...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Habitat for Humanity

Posted: Wed Sep 23 -- Hi Wayne, You've gotten one response in the forums thread on MyNewMarkets. It reads: "Anderson and Murison should be able to assist you with... KHoney
 

Workers comp ghost policy

Posted: Wed Sep 23 -- I think the ghost policy referred here means a WC policy without, and not expecting any actual employee/payroll. It is simply to meet... wariline
 
Go To Forums »
 
 

Reader Comments

 

Allstate to Cut 3,800 Jobs as Latest Step in Multi-Year Growth Plan

Posted: Thu Oct 1 -- This is terrible. For all of these massive publicly traded insurers it is a race to the bottom. Everyone wants to trim expenses to... Augustine
 

Four Senior-Level Black Managers Including Diversity Leaders Exit AIG

Posted: Mon Sep 28 -- Wonder what brought this on? One took what appears to be a better job at Boeing. Another indicated he was led to believe his position was... Dave
 

Florida Attorney Behind Thousands of Insurer Lawsuits Violated 14 Bar Rules: Judge

Posted: Wed Sep 30 -- Florida home owners are being hit with 40%-60% rate increases due in large part to the one-way attorney’s fee statute and the courts... Wayne
 

Minnesota Hits 2,000 COVID-19 Deaths, Daily Case High

Posted: Mon Sep 28 -- The statement: "72% of deaths in the state have been among residents of long-term care or assisted-living facilities" says it all. And... Paul
 

Florida Gov Lifts Virus Restrictions On All Businesses

Posted: Mon Sep 28 -- Excellent! Thank you Governor DeSantis!! Steve
 
Go To Popular Comments »
 
 
 
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