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January 7, 2021
 
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National

 

Deep Fake Losses to Challenge Cyber Insurers, CyberCube Warns

What do Ulysses and his Trojan Horse, the pickpocket Fagan in Charles Dickens' Oliver Twist and a video of Facebook's Mark Zuckerberg...
 

1 in 100,000 Had Severe Allergic Reaction to COVID Shot: CDC

Roughly 1 in 100,000 people have had a severe allergic reaction to the first Covid-19 vaccine, a rate that's higher than the flu vaccine...
 

Ethics and Insurance Fraud

It has been reported that the federal government's Pandemic Unemployment Assistance (PUA) program has been victimized by fraud. This...
 

Insurance Leaders Condemn Violence by Trump Rioters Who Stormed Capitol

Two insurance industry leaders have joined others in the U.S. business community in condemning the violent rioters who stormed the...
 

COVID Lawsuits by State and Key Trends in Workplace Litigation for 2021: Seyfarth

The coronavirus pandemic contributed to a spike in workplace lawsuits in 2020 and the number is only expected to grow in 2021, according...
 

Hudson Gains Professional Lines Renewal Rights, Experienced Team from Validus

Hudson Insurance Group has completed a business transfer agreement with Validus Specialty Underwriting Services for the renewal rights...
 

Bond to Lead Expanded Markel Surety Practice with $500M in Capacity

Markel Surety, a part of Markel Corp.'s Markel's Specialty division, has increased its capacity offering to $500 million for the most...
 
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Lloyd's Perspective on the U.S. Property Insurance Environment

While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd's market who were in the process of...
 
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In-Person Again? Some P/C Groups Are Planning Gatherings, With an Asterisk

Some of the property/casualty insurance industry's major industry groups are actively planning for face-to-face meetings...
 
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East

 

Flooding Brings New Woes to New York City Church Hard-Hit by COVID-19

A Lutheran church in New York City already reeling from the COVID-19 deaths of more than 60 members of the congregation has suffered a...
 

Heffernan Insurance Brokers Merges with Porter & Curtis, Establishes Penn. Office

Heffernan Insurance Brokers, a full-service, independent insurance brokerage firm, has merged with Porter & Curtis LLC, a consultative...
 

Founders of Massachusetts' Renaissance Alliance Retire; Callahan, Bondi to Lead

The founders of Renaissance Alliance Insurance Services, a membership alliance of independent insurance agencies, have retired after 21...
 
More East News »
 
 
 
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Midwest

 

NJM Insurance Group Brings Personal Lines Business to Ohio

Trenton, N.J.-based NJM Insurance Group is making its personal lines insurance products available to Ohio residents for the first time in...
 

Former Allstate Counsel Picked to Lead Illinois Insurance Department

Dana Popish Severinghaus, formerly Legislative and Regulatory Counsel at Allstate Insurance Co., has been named director of the Illinois...
 

Feds: Firm Dumped Liquid Landfill Waste into Flint's System; Owner Charged

A Flint business owner is accused of illegally discharging nearly 48 million gallons of waste from landfills into the city's wastewater...
 

Kemper Corp. in Chicago Adds Aziz as Chief Human Resources Officer

Ismat Aziz has joined insurer Kemper Corp. as chief human resources officer (CHRO) and chief administrative officer, based in Chicago....
 
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Understanding Business Income
 
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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Southeast

 

372 DUI Arrests, 13 Killed in Traffic Crashes in Georgia Over Holiday Weekend

Georgia's public safety department said Monday that 10 fatal traffic crashes over the New Year's holiday weekend resulted in 13 deaths....
 

LUBA Workers' Comp Acquires Florida-Based FHM Insurance Services

The board of directors of LUBA Workers' Comp, a regional casualty insurance company insuring businesses across the Gulf South, has...
 

Tennessee-Based Sedgwick Names Fisher Chief Data Officer

Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions headquartered in Tennessee, has...
 
More Southeast News »
 
 

South Central

 

Advocates Hope Texas Will Ease Medical Marijuana Restrictions

Five years after Texas legalized medical marijuana for people with debilitating illnesses, advocates and industry experts say the state's...
 

Study Shows Impact of Property Protections on Texas Windstorm Insurer Rates

A report prepared by Willis Towers Watson showing the potential impact of increased coastal building standards on premium rates for...
 

Bailey Appointed General Counsel at Oklahoma Insurance Department

Kim Bailey has been named general counsel for the Oklahoma Insurance Department (OID), effective Jan. 19, 2021. Bailey currently serves...
 
More South Central News »
 
 

West

 

Washington County, Deputy to Pay in Civil Case

An appellate court has ordered lawyers for a Washington state county and its deputy sheriff to pay more than $56,000 in attorney fees and...
 

California Governor Planning $4 B for Economic Recovery

After spending most of 2020 telling small businesses to close and limit their customers, California Gov. Gavin Newsom on Tuesday proposed...
 

New California Trade Group Targets Illegal Workers' Comp in Staffing Industry

The California Staffing Agency Reform Association has been established by staffing industry leaders to "clean up" the worker's...
 

Keen Named Oregon Financial Regulation Administrator

T.K. Keen has been named administrator for the Oregon Division of Financial Regulation. The division licenses and regulates banks, credit...
 

Sponsored: First Cap Writing Calif Admitted Dwelling Fire Program as Alternative to FAIR Plan.

San Diego, CA First Cap Property Insurance Solutions has announced a new admitted Dwelling Fire program for California residential risks...
 
More West News »
 
 
 
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CA Dwelling Fire Decreased Rates
 
We are pleased to announce that we recently decreased rates by 3.5 - 6.1% in certain territories for our California Dwelling Fire Program.
 
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International

 

Global Natural Catastrophes Cost $210 Billion in 2020: Munich Re

Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit by...
 

COVID-19 Pressures Threaten About 4,000 Small UK Financial Firms

Britain's market watchdog warned about 4,000 small financial firms are at greater risk of failure from the coronavirus as the country...
 

Who's On the Hook If COVID-19 Vaccines Go Wrong?: Viewpoint

The COVID-19 vaccines are here and distribution has begun. But what if something goes wrong? Whether it's a loss of income, hefty medical...
 

Arthur J. Gallagher & Co. Acquires Canada's Cain Insurance Services Ltd.

Arthur J. Gallagher & Co. announced the acquisition of Cain Insurance Services Ltd., based in Fredericton, New Brunswick in Canada. Terms...
 

Pro Global Expands in Latin America with Brazil Office

Global re/insurance outsourcing and consulting specialist Pro Global Holdings Ltd. (Pro) announced the expansion of its services within...
 

Pen Underwriting Extends Long-Term Partnership with Zurich to Provide Fleet Capacity

Pen Underwriting, the UK-based managing general agent, announced a new long-term UK capacity deal with Zurich Insurance in the specialist...
 

Assoc. of Bermuda Insurers and Reinsurers Elects Arch Capital's Grandisson as Chair

The Association of Bermuda Insurers and Reinsurers (ABIR) announced its biennial election of officers for 2021-2022. New ABIR officers...
 
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.
 
Get the Book
 
Insurance Journal's Academy of Insurance
 
 
 
 

Research and Webinars

 
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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...
 
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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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Seismic Changes Ahead for D&O Insurance Segment

AM Best expects that the Directors and Officers (D&O) segment will soon undergo radical changes based on an examination of...
 
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

 

Drugmakers Plan to Raise Prices in New Year: Reuters, 3 Axis Advisors

Posted: Mon Jan 4 -- Now that they know Biden is in office, they will clean house and we will go back to the old system where the USA will subsidize the rest of... Agency
 

Florida Court Upholds Policyholder Right to Assign Benefits

Posted: Tue Jan 5 -- These types of cases (AOB, inflated attorney's fees, unauthorized work repairs before inspections) have to start trending insurance... Tiger88
 

Amazon, Berkshire, JPMorgan Closing Down Joint Healthcare Venture

Posted: Tue Jan 5 -- This is actually quite amazing. 3 of the largest and most respected big corporations in the world decided to attack one of the big problems... Craig Winston Cornell
 

Seven Charged with Felonies in Vandalism to Federal Buildings in Philadelphia

Posted: Wed Jan 6 -- Nothing to see here . . . mostly peaceful protests . . . everyone move along. Craig Winston Cornell
 

How the NFL Pulled Off Playing During the Pandemic

Posted: Sun Jan 3 -- Please, let's not praise the NFL for doing their job(s) . . . . . this article is the quintessential "polishing a turd" piece. Even... Mr. Integrity
 
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