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Today's Headlines

 
February 11, 2021
 
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National

 

Florida Cyber Attack Raises Alarms Over Security of Water Treatment Plants

A hacker's botched attempt to poison the water supply of a small Florida city is raising alarms about just how vulnerable the nation's...
 

Nuclear Verdicts - A Case for the Insights That Technology Can Provide

Nuclear verdicts are a hot topic of discussion across our industry. This is no longer some other claims organization's problem or an...
 

Judge Questions Why Facebook May Have Overpaid in Data Privacy Settlement

Facebook Inc. may have paid $4.9 billion more than the maximum penalty it faced under a settlement agreement with regulators related to...
 

Weinstein Co. Bankruptcy Faces Appeal by 4 of His Sexual Misconduct Accusers

Four women who have accused disgraced film mogul Harvey Weinstein of sexual misconduct are appealing a Delaware judge's approval of the...
 

A Snowstorm that Cost Nearly $2.2B and Other January Natural Catastrophes: Aon

A snowstorm in Spain, called "Filomena," caused business interruption and property losses estimated at nearly €1.8 billion ($2.2...
 

Biden Reverses Trump Stand at Supreme Court in Republican Bid to End Obamacare

President Joe Biden's administration on Wednesday told the U.S. Supreme Court that the Obamacare healthcare law should be upheld,...
 

Romance Scammers Are Ready to Steal More Than Hearts Around Valentine's Day

With Valentine's Day only a few days away, officials are warning about identity theft and cyber scams that leave hearts and bank accounts...
 

SafeHerb Develops 'Seed to Sale' Coverage for Cannabis, Hemp Business

A new commercial insurance product from SafeHerb, a division of Specialty Program Group, provides a full suite of insurance protection...
 

Insurers Still Committed to Cyber Market Even as Risks Mount

It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S. government agencies and dozens...
 

How to Avoid Litigation With Pre-Suit Claims Analytics

Litigated claims are a key driver of increasing loss and expense ratios for property/casualty insurance carriers....
 
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East

 

Massachusetts Superior Court Says Woman's Medical Malpractice Claims Can Proceed

A Massachusetts superior court has ruled that a woman can bring claims for medical malpractice and unfair consumer practices against a...
 

Pittsburgh Building at Least 141 Years Old to be Demolished After Fire

Authorities say a multistory building on Pittsburgh's South Side built at least 141 years ago will be demolished on safety grounds after...
 

Another Winter Storm Brings More Snowfall to Northeast

Another winter storm brought additional snowfall to the Northeastern U.S. on Tuesday on top of a major snowstorm that hit the region...
 
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Midwest

 

Former Michigan Agent Pleads Guilty in Auto Insurance Fraud Case

A former Flint, Michigan, insurance agent has pleaded guilty to selling or offering customers fake auto insurance certificates, state...
 

OneDigital Acquires Missouri's HM Employee Benefits and Risk Management

OneDigital has acquired HM Employee Benefits and Risk Management (HM), located in St. Louis, Missouri. This acquisition is the first to...
 

Minneapolis Diner Owners Seek $4.5M Suit over Property Damaged in Protests

The owners of a Minneapolis restaurant have filed the first lawsuit against the city over property damage caused by the civil unrest...
 

Indiana Company Fined $14K Following Death of 3 Workers in Manhole

State regulators have fined an excavating company $14,400 for workplace safety violations discovered after three workers, including a...
 
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Southeast

 

Head of South Carolina Workers' Comp Fund Ousted Over Deal with Husband's Firm

South Carolina Gov. Henry McMaster on Monday removed the head of the State Accident Fund, calling for an investigation into whether she...
 

Kin Insurance Launches Landlord Insurance in Florida Market

Kin, an insurance technology company, has launched its landlord insurance plans in the Florida market. Kin's landlord insurance applies...
 

Allianz Makes Personnel Changes to Georgia-Based Aviation Team

Allianz Global Corporate & Specialty's (AGCS) North American Aviation team has promoted two executives and hired a new underwriting...
 
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South Central

 

Arsonist Charged in Texas Courthouse Fire Suspected in Additional Blaze

The suspect in a fire that destroyed all but the outer rock walls of a 111-year-old Texas courthouse is being held on arson charges,...
 

Opt-In Data Privacy Legislation Moves Forward in Oklahoma

Bipartisan legislation to address concerns over data privacy and data manipulation unanimously passed out of the Oklahoma House...
 

Texas Woman Faces Charges After Dog Attacks 3-Year-Old Girl

The owner of a dog that attacked a 3-year-old girl at a suburban Houston restaurant in January has been charged with injury to a child...
 
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Understanding Business Income
 
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West

 

Report Shows Pilot Felt Pressure to Fly Bryant to Game

As helicopter pilot Ara Zobayan encountered a cloud bank and decided to try to climb out of it, he was likely worried about getting his...
 

Los Angeles Marked 50th Anniversary of 1971 Quake

A disastrous earthquake that struck Los Angeles a half-century ago is being remembered for spawning improvements in seismic safety and...
 

Lockton Adds Lopez to Northern California Construction Practice

Lockton Pacific has added Cynthia Lopez to its construction practice in Northern California. Lopez is based in Lockton's Sacramento...
 

Bender in California Names Murray Technology Risk Advisor

Bender Insurance Solutions in Sacramento, Calif., has named Bryan Murray a technology risk advisor in the commercial lines department. He...
 

Heffernan Acquires Micor Insurance Brokers in California

Heffernan Insurance Brokers has acquired Micor Insurance Brokers in San Jose, Calif. The Micor San Jose office is Heffernan's 10th...
 
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International

 

Brexit Boosts Amsterdam Ahead of London as Europe's Top Stock Trading Center

Amsterdam has displaced London as Europe's biggest share trading center after Britain left the European Union's single market, and picked...
 

Securities Regulators Back International Climate Risk Disclosure Body

Global market regulators have thrown their weight behind plans for a new international standards body for company disclosures on climate...
 

Preliminary Report Finds Throttle Problem in Sriwijaya Air Jet That Crashed

JAKARTA --The Sriwijaya Air plane that crashed last month killing 62 people had an imbalance in engine thrust that eventually led the...
 

German Court Says EY Auditors Must Testify Before Parliamentary Panel About Wirecard

Two Ernst & Young auditors were told by a German court that they must testify before a parliamentary committee about their accounting...
 

A Snowstorm that Cost Nearly $2.2B and Other January Natural Catastrophes: Aon

A snowstorm in Spain, called "Filomena," caused business interruption and property losses estimated at nearly €1.8 billion ($2.2...
 

In Succession Move, Canopius Names AXA XL's Robertson Deputy CEO

Specialty insurer and reinsurer Canopius Group announce that Neil Robertson has been appointed Group deputy chief executive officer, with...
 
More International News »
 
 
 
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Business Income Insurance Demystified
 
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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Research and Webinars

 
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Broker Success Checklist

P&C brokers, are you helping your clients navigate their critical areas of risk? Businesses choose to work with brokers that...
 
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The SEO Guidebook for Insurance Agents

Have you thought about how your insurance agency can be found online? Consumers have been turning to the internet to shop for...
 
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Getting the Most Out of Your Agency Data

To succeed and grow in a digital-first world, insurance agencies need to know and use the data in their technology. Agencies...
 
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How Has COVID-19 Impacted Workers' Compensation

As a retail broker, you have likely addressed some tough pandemic-related questions from your business clients – from...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 7: New Year, New Threats? Cyber Pros Say Attacks Will Continue to Increase in 2021

Although a new year is underway, many cyber professionals are saying the threat environment...
 
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EP. 17: USC's Cannabis Industry Club is All Business - Mostly

It turns out that business-focused cannabis clubs on college campuses are a thing. And they...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

How can a new agent obtain appointments?

Posted: Wed Feb 10 -- If you're just starting your transition or comparing aggregators, word of advice, review the contracts. "You own the book" has multiple... jdwebb
 
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Reader Comments

 

SEC Sues Giuliani Associates Parnas, Correia Alleging Fraud Over Insurance Startup

Posted: Thu Feb 4 -- Sorched earth reporting by Bloomberg. To bad IJ amplified the misinformation associating the former mayor to the essence of the story. John
 

Texas Bill Would Mandate Business Interruption Cover for Pandemic Losses

Posted: Wed Feb 10 -- Good luck buying insurance in Texas is this passes. Every carrier is amending their forms to include a communicable disease exclusion if... Oh Goody
 

Workers Refusing Unsafe Work May Be Able to Get Unemployment Insurance

Posted: Thu Feb 4 -- It is not unsafe to work right now. The virus will spread just as much when they grocery shop as being in an office. The death rate is low.... Bob
 

Climate Models Are Not Designed for Use by Financial Markets, Scientists Warn

Posted: Tue Feb 9 -- Been saying this for years. Yell at the top of your lungs that the sky is falling, sumbody gotta pay for it. Here we are! Jack
 

Cannon Used at Michigan Baby Shower Explodes, Killing Man

Posted: Tue Feb 9 -- 1. My condolences to the family of the man killed. 2. Holding a party in the time of Covid ? 3. Seriously, what is the point of a gender... glassflower
 
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