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Today's Headlines

 
January 21, 2021
 
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National

 

Trump Order Allows Government to Block Use of U.S. Cloud Services in Foreign Countries

On his last full day in office, President Donald Trump signed an executive order the White House said was aimed at preventing foreign...
 

2020 Could Make 2021 the Year of Insurance Agency E&O Lawsuits

Insurance agents and brokers should prepare for a big agency errors and omissions (E&O) litigation wave to crash their shores in 2021....
 

Travelers Insurance Profit Soared in Q4 on Fewer Claims, Investment Gains

Property and casualty insurer Travelers Cos. Inc. reported a jump in quarterly profit that beat analysts' estimates on Thursday, helped...
 

U.S. Charges 2 Oil Workers With Allowing Gulf of Mexico Oil Spills

Two Fieldwood Energy LLC oil workers face federal criminal charges for allegedly separately allowing crude oil spills from offshore U.S....
 

Why Now May Be the Best Time to Start an Insurance Agency: Viewpoint

Starting an independent insurance agency, or any business, is a risky proposition. You're moving from a secure position with a regular...
 

Banker Enns to Succeed Retiring Chubb CFO Bancroft

Chubb announced that Philip Bancroft, executive vice president of Chubb Group and chief financial officer, plans to retire from the...
 

Ongoing Pandemic Brings Workforce, Risk, Policy Challenges for Insurers

Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to...
 

Was COVID-19 Really a Business Interruption Wake-Up Call?

The COVID-19 pandemic has been a wake-up call for the insurance industry in how it approaches cover for non-damage...
 
More National News »
 
 
 
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East

 

Maryland Insurance Agencies Accuse Erie Insurance of Discriminatory Practices

Three Maryland independent insurance agencies contracted with Erie Insurance have filed complaints with the Maryland Insurance...
 

N.Y. Court Takes Contrary Position on Insurers' Right to Recoup Defense Costs

It has long been understood that under New York law, an insurance company may recoup defense costs paid on behalf of an insured once it...
 

Judge Approves Settlement in Annapolis Housing Discrimination Lawsuit

A federal judge has approved a consent decree between the Maryland city of Annapolis and dozens of public housing residents. The Capital...
 
More East News »
 
 
 
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Midwest

 

Kansas Insurance Agent to Repay $86K After Guilty Plea

A former Kansas insurance agent from Johnson County has pleaded guilty to insurance fraud charges and agreed to repay nearly $86,000 in...
 

Bage Appointed CEO at MAX Insurance in Kansas

Overland Park, Kansas-based MutualAid eXchange (MAX) has named Dr. Lisa Bage, currently chief operating officer at MAX, as CEO and...
 

14 Tanks Burn in Explosion at North Dakota Oil Tank Battery

Authorities say an explosion at an oil tank battery near New Town, North Dakota, on Jan. 18 sent 14 tanks up in flames and caused oil and...
 
More Midwest News »
 
 
 
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Southeast

 

Analysis: Fight Over Mississippi Flood Control Project Continues

Farmers and environmentalists have been arguing for decades over proposals for a massive federal flood-control project in the south...
 

Hub Acquires Assets of MPE Employee Benefit Services of Mississippi

HUB International Limited (Hub), a global insurance broker, has acquired the assets of MPE Employee Benefit Services. Terms of the...
 

The Villages Insurance Partners of Florida Adds Allstate Agent Sheats

The Villages Insurance Partners of Florida has added Alexis Ball-Sheats to its team of Personal Lines Risk Consultants. Ball-Sheats will...
 
More Southeast News »
 
 
 
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South Central

 

DuPont Spinoff Will Contest Charges Over Deadly Gas Leak at Texas Plant

Corteva, a spinoff that took over DuPont's agriculture division, will contest the charges against DuPont stemming from a 2014 poisonous...
 

Corps Could Pay $2.1B Louisiana for Hurricane Protection System

The Army Corps of Engineers is getting nearly $12.5 million to help build a Louisiana hurricane protection system and could pay $2.1...
 

Oklahoma Dairy Recalls Contaminated Milk Given to Children

Oklahoma schools are advising people to throw away milk products received from districts after a dairy company recalled its chocolate...
 
More South Central News »
 
 
 
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West

 

Alera Group Acquires CSNW Benefits in Oregon

Alera Group has acquired CSNW Benefits in Portland, Ore. The CSNW Benefits team will continue serving clients in their existing roles....
 

Fire Official Says Arcing Power Lines Caused Big Nevada Brush Fire

Satellite imagery and surveillance video from a casino roof 5 miles away helped pinpoint arcing power lines in gale force winds as the...
 

Deal Offers More Financial Services for California Cannabis Firms

A California cannabis industry group announced Tuesday that it reached an agreement with a state credit union that will provide checking,...
 

Poms & Associates in California Adds Fontelieu and Toland

Poms & Associates has added Ed Fontelieu and Jason Toland to the commercial insurance production team. Fontelieu and Toland will work...
 
More West News »
 
 
 
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California Homeowners Insurance (HO-3)
 
Now offering reduced rates on our Preferred Homeowners program in several CA counties and Mortgage Payment Protection for up to 12 months.
 
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International

 

Trump Order Allows Government to Block Use of U.S. Cloud Services in Foreign Countries

On his last full day in office, President Donald Trump signed an executive order the White House said was aimed at preventing foreign...
 

Japan's Automakers Adding Safety Technology for Often-Isolated Older Drivers

Automakers in Japan, where almost 30% of the population is 65 or older, are taking the lead on adapting cars so the nation's legions of...
 

China's Top Financial Regulator Rejects 'State Monopoly' Criticism

China's top financial regulator dismissed claims the nation is distorting its economy through "state monopoly capitalism" as pressure...
 

French Car Rental Firm's Credit Insurance Woes Send Warning to Speculators

A failed attempt to settle debt insurance on a struggling French car-rental company is the latest blow to the $9 trillion market in...
 
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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New HBR Report: Carrier CEO Survey Results on Insurtech, Broker Incentives and More

It has never been more evident that traditional paradigms no longer serve the insurance industry or its customers. To understand...
 
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7 Ways Insurers Should Use Technology to Augment Their Teams

For the Insurance industry, digital transformation has shifted from the 3 - 5 year plan to the 6 month plan. That transformation...
 
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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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Three Ways to Thrive as an Insurance Agent in a Hard Market

The hard market is here and shows no signs of slowing down. While this period of the insurance cycle is often known as being the...
 
More research and webinars »
 
 

Insurance Journal TV

 
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ICS20 Soundbite: Capacity, Vaping Among Issues in Cannabis Industry Going Forward

Norman Ives, a wholesale insurance broker at Worldwide Facilities LLC specializing in custom...
 
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EP. 2: Forget the Stars, Insurers are Shooting for the Cloud

Recent research shows that more insurers are taking advantage of cloud technology for data...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

Florida's Property Insurance Market Is 'Spiraling Towards Collapse' Due to Litigation: Report

Posted: Wed Jan 20 -- 500 litigation lawyers at the bottom of the ocean is a good start. Common Sense
 

UK Supreme Court Rules Businesses Should Be Insured for COVID-19 Claims

Posted: Sat Jan 16 -- Win a battle but lose the war. Get ready for higher premiums and limited coverage. Most policies will be named peril, with anything else... retired risk manager
 

Lawmakers Sought to Ban Facial Software Being Used to ID Capitol Attackers

Posted: Tue Jan 19 -- Hilarious article, so see-through. "Facial Recognition Software to Target BLM Rioters" BAD!. Congress should ban this. "Facial Recognition... Craig Winston Cornell
 

Applied Systems to Acquire EZLynx, Comparative Rating, Agency Management Vendor

Posted: Thu Jan 14 -- Monthly fees to increase 190% in 5, 4, 3.... BurgBlazer
 

Lemonade Eyes Sale of 3 Million Shares in Secondary Offering

Posted: Fri Jan 15 -- $160 a share? But, they don't make any money, they don't have enough premium volume and they no plans to take on any "real" risk that might... Tiger88
 
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