Insurance Journal
 
 

Today's Headlines

 
December 9, 2021
 
Today's Headline Sponsor: Philadelphia Insurance Companies
 
 
 
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The PHLY Difference
 
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National

 

Attention Young Professionals: Wholesale Insurance Is 'Where the Magic Happens'

According to wholesale insurance executives, their segment of the property/casualty insurance industry is more exciting and fulfilling...
 

Bankruptcy Judge Ousts Boy Scouts Mediator; Extends Deadline

The judge presiding over the Boy Scouts of America bankruptcy issued a ruling Tuesday removing a former Delaware bankruptcy judge as a...
 

Google Sues Russians for Alleged 'Borderless' Organized Cyber Crime Operation

Alphabet Inc.'s Google is suing two Russian nationals it claims are part of a criminal enterprise that has silently infiltrated more than...
 

AbbVie Pays $200M to Settle Opioid Marketing Case Right Before Trial Ends

AbbVie Inc. agreed to pay $200 million to settle claims by New York that its Allergan unit helped fuel an epidemic of opioid addiction in...
 

Judge Rules Goldman Sachs Must Again Face 2008 Securities Fraud Class Action

Goldman Sachs Group Inc .must again face a class action by shareholders who said they lost $13 billion because the Wall Street bank hid...
 

People Moves: Garland to Be President of State Auto After Liberty Mutual Acquisition

Liberty Mutual Insurance plans to appoint Kim Garland as president of State Auto Financial Corp. following the completion of Liberty...
 

Property Catastrophe Reinsurance Renewal Rates to Rise by More Than 10%: Fitch

Reinsurance rates are expected to increase by more than 10% in catastrophe-related lines of business when contracts are renewed in...
 

Recoop Disaster Policy Vows Quick Cash to Homeowners, Renters

Homeowners in 37 states now have access to a parametric-like multi-peril disaster insurance product designed to deliver quick cash in the...
 

Protecting 'Industrial Athletes': The Future of Workers Comp

The global economy is built on the backs of hardworking "industrial athletes," and providing those athletes with the...
 
More National News »
 
 
 
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Happy Holidays from IAA
 
Wishing you a Happy Holiday and a joyful New Year. Best Wishes from your friends at IAA.
 
See What's New
 
IAA, Inc.
 
 
 
 

East

 

Maryland Insurance Administration Warns About Unlicensed Insurance Agency

Maryland Insurance Commissioner Kathleen A. Birrane is warning Marylanders, particularly small transportation business owners, that...
 

Virginia Fire Displaces Dozens, Causes Nearly $300K in Damages

Two people suffered life-threatening injuries and dozens of people have been displaced after a fire broke out at a Herndon apartment...
 

Risk Strategies Acquires New Jersey's Meeker Sharkey & Hurley

Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired full-service insurance and employee benefits...
 
More East News »
 
 
 
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The Podcast for Independent Agents
 
Dr. Brenda Wells talks with Joan Woodward (Founder and President of the Travelers Institute) in Episode 3: Turning Economic and Social Change into Opportunity.
 
Play Episode 3 Now
 
Smart Choice
 
 
 
 

Midwest

 

Magnitude 4.3 Earthquake Shakes North-Central Kansas

A moderate earthquake shook parts of north-central Kansas on Dec. 8 as residents were starting their day, officials said. The U.S....
 

People Moves: MJ Insurance Names Pitts as VP of Technology; Arturo Adds Tulsiani as Chief Marketing Officer

MJ Insurance Names Braden Pitts as Vice President of Technology MJ Insurance, a risk management and employee benefits agency, has hired...
 

Minnesota Trucking Company to Pay $500,000 Settlement over Sex Discrimination Lawsuit

Stan Koch and Sons Trucking, based in Minneapolis, will pay $500,000 and furnish other relief to settle a sex discrimination lawsuit...
 

People Moves: Garland to Be President of State Auto After Liberty Mutual Acquisition

Liberty Mutual Insurance plans to appoint Kim Garland as president of State Auto Financial Corp. following the completion of Liberty...
 
More Midwest News »
 
 
 
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New Cyber Liability Report
 
Get the latest report on social engineering scams, malware, web application attacks, denial of service, and botnets from AmTrust Financial.
 
Read Report
 
AmTrust Financial
 
 
 
 

Southeast

 

New Insurer Sets Sail in Florida's Stormy Waters, Credits Legislative Reforms

For the first time in almost a decade, a new insurance carrier is wading into the troubled Florida waters, and is expected to make...
 

Auto Insurers Can Use 'Hybrid' Model on Med Reimbursement, Florida High Court Rules

Automobile insurance carriers in Florida may limit reimbursement to health providers in keeping with a fee schedule in a personal injury...
 
More Southeast News »
 
 

Insurance Jobs

 

Commercial Lines CSR or Account Manager - Work At Home Vintage Experts - Remote

 

Faculty Position - Tenure Track/Pre-Tenure Track/Non-Tenure Track - Gallaudet University, School of Civic Leadership, Business & Social Change - Washington D.C.

 

Personal Lines CSR or Account Manager - Work At Home Vintage Experts - Remote

 

Director of Product Innovation and Delivery - Arbitration Forums, Inc. - Remote or Tampa, FL

 

Commercial Auto Claims Adjuster - American Claims Management - Remote

 
 
 

South Central

 

Louisiana Insurer Ordered to Stop Business over Alleged Failure to Remit Premiums

The Louisiana Department of Insurance has ordered a New Orleans insurance agent and her company to stop their insurance business after...
 

Flood Insurance Costs Rise in Louisiana as Risk Rating 2.0 Sets in

In the past year, the southwestern Louisiana city of Lake Charles weathered two hurricanes, intense rainfall that sent water gushing down...
 
More South Central News »
 
 
 
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West

 

Risk Strategies Acquires Fournier Group in Oregon

Risk Strategies acquired Fournier Group in Portland, Oregon. Fournier Group is a commercial and personal lines retail insurance agency...
 

Nevada Jury Says Health Insurers Owe ER Doctors $60M in Damages

One of the largest U.S. health insurance companies and its branches in Nevada were found liable for $60 million in punitive damages for...
 

Washington Insurance Agent Sentenced to 2 Years in Wire Fraud Case

A Snohomish, Washington, insurance agent was sentenced to two years in prison after pleading guilty to wire fraud in the theft of premium...
 

People Moves: Pathpoint Names Chi Head of Product; Lockton Adds Cahoon in Washington

Pathpoint Inc. named Melissa Chi head of product. Chi comes to Pathpoint from Stord where she was the director of product. Chi's...
 

Leavitt Group Northwest Acquires Employee Benefits Division of SCS in Washington

Leavitt Group Northwest acquired the employee benefits division of the SCS Insurance in Bellevue, Washington. The acquisition brings a...
 
More West News »
 
 

International & Reinsurance

 

Rising Reinsurance Prices and Demand Help to Create Stable Sector Outlook: AM Best

AM Best is maintaining a stable market segment outlook for the global reinsurance segment, citing in part the ongoing positive pricing...
 

Canada's CPP Investments to Sell Ascot Group, Wilton Re in Strategy U-turn: Sources

Canada Pension Plan Investment Board (CPP Investments) is seeking to sell its Wilton Re and Ascot Group insurance platforms, marking a...
 

Google Sues Russians for Alleged 'Borderless' Organized Cyber Crime Operation

Alphabet Inc.'s Google is suing two Russian nationals it claims are part of a criminal enterprise that has silently infiltrated more than...
 

These Workers Stand to Gain From Current UK Pay Surges. Time to Ask for Pay Raise?

The fastest wage gains since the 2008 global financial crisis are throwing up opportunities and obstacles throughout the UK economy,...
 

European Gig Workers Hail 'Landmark' Directive to Make Them Employees

Millions of platform workers in Europe could be on their way to being designated as employees, a move that labor groups say could...
 

People Moves: WTW Promotes Rourke to UK Head of P/C Pricing, Product, Claims and Underwriting; Tysers Hires Lockton's Appleford, Lonmar's Jenkins

This edition of International People Moves details appointments at brokers Willis Towers Watson and Tysers. A summary of these new hires...
 
More International & Reinsurance News »
 
 
 
 
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Insurance Journal Blogs and Columns

 

Wrapping up Hurricane Season: Ida, Katrina, and the Importance of Adequate Loss Modeling

This post is part of a series sponsored by CoreLogic. With the 2021 hurricane season coming to an end, insurers and government agencies...
 
More Blogs »
 
 

Research and Webinars

 
research

Real-time cyber quoting from anywhere.

Businesses rely on their agents and brokers to understand the risks they face and to make recommendations on how to best protect...
 
research

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...
 
research

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...
 
research

Mobile Telematics: The solution to driving your business forward.

Are you still using Credit Score to assess risk? Move beyond legacy methods of assessing risk with proven insurance solutions...
 
research

The MGA's Guide to Producer Licensing and Compliance through Technology

MGAs face regulatory challenges from all directions and insurance laws vary by state, making the management of producer...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 28: Looking in the Rearview Mirror: Cyber Lessons Learned from 2021

The year is coming to an end and cyber insurers as well as their clients may be reflecting on...
 
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People, Products, Relationships & More: Amwins' President James Drinkwater

People, products, relationships, and clients. Those are the areas that Amwins Group focuses on...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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