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Today's Headlines

 
August 19, 2021
 
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National

 

Broker Willis Alleges Unlawful 'Raid' on Employees, Clients by Competitor Alliant

Insurance brokerage competitors Willis Towers Watson and Alliant Insurance Services are battling in court over what Willis alleges is a...
 

Insurers Await Judge's Ruling as Boy Scouts Bankruptcy Hearings End

A year and a half after the Boy Scouts of America sought bankruptcy protection amid an onslaught of child sex abuse lawsuits, a Delaware...
 

Biden Administration to Require Nursing Home Employees to Get COVID-19 Vaccine

President Joe Biden said on Wednesday his administration will require employees at nursing homes to be vaccinated against COVID-19 as a...
 

Former Purdue President Sackler Says Family Did Not Contribute to Opioid Epidemic

Former Purdue Pharma President Richard Sackler said on Wednesday that his family's reign over the OxyContin maker did not contribute to...
 

States Weighing $26 Billion Opioid Settlement Face Saturday Deadline

U.S. states are racing to meet a deadline to commit to a $26 billion opioid settlement with three drug distributors and the drugmaker...
 

TechAssure Launches Cyber Threat Sharing Community to Fight Ransomware

TechAssure has announced a partnership with RiskAnalytics and ICE Cybersecurity to launch an exclusive cyber insurance option called The...
 

Catastrophe Bond Market Breaks New Record with $8.5 Billion of Securities Issued

Catastrophe bonds broke a record during the first half of the year with about $8.5 billion of new securities issued, according to a...
 

Catastrophe Bond Market Breaks New Record with $8.5 Billion of Securities Issued

Catastrophe bonds broke a record during the first half of the year with about $8.5 billion of new securities issued, according to a report...
 

An Embedded Insurance Future

Insurance can be a tough sell. It's convoluted, related to a future risk that's hard to imagine, expensive and seemingly...
 
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The complete story of AM Best,
 
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Featured Events

 
Insurance AI and Innovative Tech USA 2021

Insurance AI and Innovative Tech USA 2021

September 14 / Virtual
 
 
 

East

 

New Jersey Domestic Violence Victim Suing Prosecutor Over Being Named

A New Jersey woman who killed her abusive ex-fiance can proceed with a lawsuit that claims her rights as a domestic violence victim were...
 

Workers at Massachusetts Veterans' Home at Center of COVID-19 Outbreak Sue

Employees of the Massachusetts veterans' home at the center of a devastating COVID-19 outbreak in the spring of 2020 have sued several...
 

Massachusetts Utilities Seek to Stretch Reimbursement for Storm Damage

Massachusetts' two largest utilities have asked to defer reimbursement payments for weather damage after a record amount of storms...
 
More East News »
 
 
 
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Latest EPLI Trends
 
Discover the 5 trending EPLI claims and how you can help your clients prevent them.
 
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Midwest

 

People Moves: Korte Named Sr. VP at CNA; Stephan Corporate Joins The Plexus Groupe; Ryan Specialty Group Adds Behren

CNA CNA appointed Dieter Korte senior vice president, Middle Market. In this role, Korte will be responsible for profitability, growth,...
 

Wildfire Grows to 5 Square Miles in Northeastern Minnesota

A wildfire in the Superior National Forest of northeastern Minnesota has grown to 5 square miles (13 square kilometers) as hot, dry and...
 

Family of Man Killed During Kenosha, Wisconsin, Protests Sues Police

The family of one of the two men fatally shot during a demonstration against police violence in Kenosha, Wisconsin, has filed a federal...
 
More Midwest News »
 
 

Insurance Jobs

 

Claims Director - Citizens Inc - Austin, TX

 

Personal Lines (Assistant) Account Manager - Hill & Usher, LLC - Phoenix, AZ

 

Sr. Claims Examiner - Stillwater Insurance Company - Remote

 

Commercial Auto Underwriter - Maryland Auto Insurance - Baltimore, MD

 

Controller/Financial Manager - Maryland Auto Insurance - Remote, Baltimore, MD

 
 
 

Southeast

 

South Carolina Supreme Court Allows University to Institute Mask Mandate

The South Carolina Supreme Court ruled that a mask mandate instituted by the University of South Carolina last month does not violate a...
 

Surfside Collapse Victims File Consolidated Complaint Against Condo Association

Former residents of the Surfside, Fla. collapsed condominium have filed a consolidated amended class action complaint against the...
 

North Carolina Gov. Cooper Issues State of Emergency After Tropical Storm Fred Causes Historic Flooding

North Carolina Gov. Roy Cooper has issued a State of Emergency in response to Tropical Storm Fred, which caused severe flood in the...
 
More Southeast News »
 
 
 
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South Central

 

Outlooks Revised to Positive for Oklahoma's National American Insurance

AM Best revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term...
 

Texas Takes 1.6K Commercial Vehicles Off the Road After International Roadcheck

Texas public safety officials said on Aug. 18 that an inspection of 6,288 commercial motor vehicles in the state resulted in more than...
 

4 Texas School Districts Close Due to Virus Outbreaks

As the new school year begins for Texas students and mask mandates are debated in various state courts, at least four school districts...
 
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West

 

California Wildfires Are Exhausting 10,000-Strong Army Fighting Them

There are over 10,000 firefighters battling unprecedented blazes in California, but that isn't enough, and the state is having a hard...
 

Alaska School District Agrees to Settle Abuse Lawsuit for $3.8M

An Alaska school district agreed to pay $3.8 million to two children abused by a former principal who said school leaders had been "well...
 

California Drought Hurting World's Top Almond Producer

As temperatures recently reached triple digits, farmer Joe Del Bosque inspected the almonds in his parched orchard in California's...
 

Judge Tosses Most Claims in Oregon Armed Occupation Death Suit

A federal judge has tossed most of the civil claims brought in a wrongful death lawsuit by the family of an Arizona rancher who served as...
 
More West News »
 
 

International & Reinsurance

 

Europe Reinsurers' H1 Profits Climb on Lower COVID Claims, Hardening Prices: Moody's

The four largest European based reinsurers - Munich Re, Swiss Re, Hannover Re and SCOR - reported sharply higher profits in the first...
 

Hackers Steal More Than $94M from Japanese Cryptocurrency Exchange

Japanese cryptocurrency exchange Liquid said on Thursday it was hit by hackers in a theft estimated at more than $94 million, the latest...
 

Goldman Sachs to Buy Asset Management Arm of Insurer NN Group for Nearly $2B

AMSTERDAM - Goldman Sachs said on Thursday it will buy Dutch insurer NN Group's asset management arm for around 1.7 billion euros ($1.98...
 

UK Court Approves $14 Billion-Plus Class Action Against Mastercard

A London court on Wednesday approved a 10 billion pound-plus ($14 billion-plus) class action against global payments processor Mastercard...
 

Why Haiti Is Prone to Deadly Earthquakes

Earthquakes have been wreaking havoc in Haiti since at least the 18th century, when the city of Port-au-Prince was destroyed twice in 19...
 

Tokio Marine Insurance Singapore Hit by Ransomware Attack

Tokio Marine Insurance Singapore Ltd. (TMiS), a subsidiary of Tokio Marine Group, announced it was hit by a ransomware cyber attack. Upon...
 

Parametric Catastrophe Insurer CCRIF to Make Record Payout of $40M for Haiti Quake

CCRIF SPC, the Cayman Islands-based parametric catastrophe facility, will pay approximately US$40 million to the government of Haiti,...
 

Marsh and Citi Develop Risk Program With 6 Insurers to Deliver Vaccines Globally

Global insurance broker Marsh and global bank Citi said they have developed a risk mitigation structure to cover the risk associated with...
 

How Extreme Weather Makes Everything Harder, Except Climate-Risk Analysis

It's been a momentous week for our understanding of the effects of greenhouse gas emissions. The Intergovernmental Panel on Climate...
 
More International & Reinsurance News »
 
 

Research and Webinars

 
research

Beyond Survival: Key Strategies to Thrive as an Independent Agent

We surveyed and interviewed independent agents from across the United States to understand the hurdles they face, the...
 
research

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...
 
research

State of the Market - Second and Third Quarter, 2021

It goes without saying, the last two years have not been easy. We have experienced some of the hardest market conditions most of...
 
research

2021 Agency Guide to Get More Leads

Do you want to learn how to generate and convert more leads for your insurance agency? Your agency needs a prospecting strategy...
 
research

What's Next for the P&C Industry in 2021?

The 2021 P&C Market Outlook Executive Summary provides agents with a valuable breakdown of the price predictions for...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 30: Product Liability Lawsuits Worth Watching in Cannabis

"There are plaintiff's attorneys out there that are actively trolling for cases involving...
 
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EP. 20: Hacking, But Make It Ethical: How 'The Good Guys' Are Boosting Cybersecurity

Sometimes, real life can be like the movies. At least, that's according to two ethical hackers...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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