Insurance Journal
 
 

Today's Headlines

 
June 10, 2021
 
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National

 

U.S. Chamber Urges U.S., EU to Adopt Data Privacy Shield, Halt Tariffs

The U.S. Chamber of Commerce on Wednesday urged the United States and European Union to quickly resolve their disputes over steel and...
 

Meat Producer JBS Paid $11M in Ransom to Cyber Attackers

Meat producer JBS USA paid the equivalent of $11 million in ransom in response to the May 30 criminal hack against its meat plant...
 

Judge Tosses Racial Bias Suit by Black Franchisees Against McDonald's

A federal judge in northern Illinois has dismissed a racial discrimination lawsuit brought by African-American McDonald's franchisees...
 

Wall Street in Quandary Over New SPAC Equity Contracts After SEC Crackdown

Wall Street accountants and lawyers are trying to figure out new equity agreements to lure investors back to the blank-check company...
 

Nationwide Invests in Certificate of Insurance Startup Certificial

Insurer Nationwide has invested in an early-stage funding round for Certificial, an insurtech with a platform that issues real-time...
 

Bell and Clements Launches Intellectual Property Insurance for Law Firms

Bell and Clements Inc., part of Munich Re Specialty Insurance (MRSI), is launching an Intellectual Property Legal Professional Liability...
 

Why Nonstandard Auto Is More Critical Than Ever

Customers, insurance carriers and their distribution need nonstandard auto protection for drivers now more than any time in history....
 

Understanding Today's Flood Risks, Upcoming NFIP Changes from Risk Rating 2.0

Flooding is the costliest — and the most common — natural disaster to significantly impact communities across the United States, The PEW...
 

Telematics: It's Not Just for New Business Pricing Anymore

GEICO had the right idea about following Progressive--and the majority of top auto insurers--into the world of...
 
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Featured Events

 
The Future of Insurance USA 2021

The Future of Insurance USA 2021

June 22 / virtual
 
 
 

East

 

N.Y. Bill Aims to Give Policyholders Private Right of Action in Unfair Claims Disputes

A proposed bill in New York relating to unfair claims settlement practices would provide policyholders with a private right of action...
 

New York Could Try to Sue Gun Manufacturers Under Bill

New York's attorney general could sue gun manufacturers under certain scenarios under a bill that passed the state Senate and Assembly on...
 

New Jersey USPS Mail Carrier Charged with Workers' Compensation Fraud

A New Jersey U.S. Postal Service (USPS) mail carrier has been charged with making false statements to obtain federal workers'...
 
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Midwest

 

Kansas Company Faces $119K Civil Penalty in Consumer Protection Case

A now-defunct Wichita, Kansas, moving company has been ordered to pay more than $119,000 in restitution, civil fines, penalties and court...
 

FBI Working with Iowa College on Data Security Breach

The FBI is now working with Iowa's Des Moines Area Community College on a data security breach that has led to days of the school being...
 

Hot Chickens in Disabled Semi Get Help from Suburban Chicago Fire Crew

A load of 14,000 chickens that were stranded in suburban Chicago when the semitrailer they were in lost a wheel were later sprayed down...
 
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Southeast

 

Florida Governor to Sign Property Insurance Measure But Says State Needs to Do More

Florida Gov. Ron DeSantis said that he will sign recently-passed legislation addressing property insurance costs and roofing contractor...
 

Tennessee Touts 2021 Changes to State's Captive Law and Record 2020 Formations

Newly approved updates to Tennessee's captive insurance statute will help boost the state' reputation as preferred domicile for companies...
 

North Carolina Offers Free Smoke Alarms as Number of Fire Deaths Rises

As the number of fire deaths rises in North Carolina, Insurance Commissioner and State Fire Marshal Mike Causey organized a team of...
 

Accelerant Acquires North Carolina's Agribusiness Risk Underwriters

Accelerant, a technology-based insurance platform, has acquired Agribusiness Risk Underwriters (ARU), a provider of poultry farm...
 

Tony the Tennessee Arson Detection Dog Loves His Job

Tony is an unusual dog. He never eats his food out of a bowl, always feeding from his human's hand. He has a distinct physical...
 
More Southeast News »
 
 

Insurance Jobs

 

Senior Accountant - Incline Insurance Group - Bee Cave, Texas

 

Commercial Account Manager - Transportation Heavy Accounts - SWZ Insurance - Fort Worth, TX

 

Sales Executive - Alacrity Solutions - Remote

 

Commercial Auto Underwriting Manager - Topa Insurance Company - Remote

 

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

 
 
 

South Central

 

Waymo, J.B. Hunt to Test Self-Driving Trucks in Texas

U.S. truck fleet operator J.B. Hunt Transport Services Inc. and autonomous vehicle technology company Waymo will test human-supervised,...
 

Towerstone in Dallas Acquires Austin's PLUS Inc.

Towerstone, the Dallas-based wholesale insurance division of IMA Financial Group, has acquired Professional Lines Underwriting...
 

Seacor Power Liftboat Disaster Pulls 3 More Federal Lawsuits

More lawsuits have been filed in the capsizing of an offshore oil service vessel in a Gulf of Mexico storm provide harrowing descriptions...
 
More South Central News »
 
 

West

 

Charles Taylor Creates Environmental Services Group in California

Charles Taylor announced it has created a new division aimed at providing pre-risk and post-loss environmental services. The new business...
 

Crews Battle Arizona Wildfire Threatening Communities

Firefighters in south-central Arizona have gained a toehold against a massive wildfire that has burned at least five structures and...
 

Washington Officials Allow Cannabis Dispensaries to Offer Joints for Jabs

Licensed marijuana stores in Washington state can offer free joints to promote on-site COVID-19 vaccine clinics, officials said this...
 

People Moves: Allied American Adds Manioukov as Producer in California, PCF Names Smith President

Allied American Underwriters, a division of USG Insurance Services Inc., has named Eugene Manioukov as producer/broker specializing in...
 
More West News »
 
 

International & Reinsurance

 

China Regulator Orders Large Insurers, Banks to Prepare 'Living Wills' to Handle Risks

BEIJING -- China's banking and insurance watchdog issued rules on Wednesday requiring sizable banks and insurers to prepare recovery...
 

AXA Offers €300M to Settle COVID-19-Related BI Claims for French Restaurant Owners

AXA has offered a settlement to 15,000 French restaurant owners that purchased non-damage business interruption insurance after...
 

Volkswagen's D&O Liability Insurers Agree to Pay €270M of Diesel Emissions Payout

FRANKFURT -- Volkswagen said on Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin...
 

Floods Could Threaten Demark's Financial System: Central Bank

Denmark's central bank warned rising waters pose a threat to the financial system as property used as collateral against bank loans may...
 

Tysers' Aylward to BMS' Delegated Underwriting Authority Division; JLT/Marsh's Beere to Aston Lark Unit Incepta; Howden's Jenner to Oneglobal

This wrap-up of international People Moves details recent appointments at three London-based brokers: BMS, Incepta (a subsidiary of...
 
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Research and Webinars

 
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Discover how to address the emerging risks challenging your nonprofit clients

Discover forward-thinking approaches to address the emerging risks challenging your nonprofit clients and prospects. Nonprofits...
 
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OSHA Top 10 for Brokers

Brokers, help your insureds avoid the most frequently cited violations. OSHA citations. They're rampant, they hide in plain...
 
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Harvard Business Review Analytic Services on the Future of Customer Experience in Insurance

Like most industries, insurance companies are accelerating their ability to improve their customer experience to meet new...
 
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The Challenges of Insurance for the Cannabis Industry

For brokers to successfully tap into cannabis-related business opportunities and ensure their clients have the right coverage, a...
 
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5 Areas to Assess Loss Controls with Commercial Auto Clients

Loss control is one of the most underutilized services by agents and brokers in the commercial auto industry.  Understanding...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 15: Experts Call Colonial Pipeline Attack a Wake-Up Call, Say Bigger Attacks Could Be Ahead

Cyber experts are saying that the Colonial Pipeline attack, in which ransomware took down...
 
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Florida Insurance Commissioner Optimistic About Property Reforms

It was a busy legislative session for the Florida Office of Insurance Regulation, with...
 
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