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Today's Headlines

 
March 11, 2021
 
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National

 

Hacked Firms Face 'Frankenstein' of State-Based Cyber Notification Laws

Last summer, Katherine "Kitty" Green received some disturbing news about the computer network at Florida Gulf Coast University, where she...
 

BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble

See a need and then fill it. That's the secret of most successful businesses--and that was the driving motivator of insurtech Thimble,...
 

New Beazley Offering Targets D&O Exposures of Special Purpose Acquisition Companies

Beazley has launched a directors' and officers' (D&O) product suite designed specifically for U.S.-domiciled special purpose acquisition...
 

Google Hires Deloitte's Walsh to Lead North American Insurance Business

Google has hired former Deloitte Digital partner Nigel Walsh to lead its insurance business in North America. Walsh disclosed the news on...
 

Nordstrom Suit Tests Whether Civil Unrest Is Single Insurance Occurrence or Multiple

Nordstrom Inc. has filed suit seeking a court declaration that its insurers must treat nationwide civil unrest last spring and summer as...
 

China's Microsoft Hack, Russia's SolarWinds Attack Threaten to Overwhelm U.S.

China's global attack on Microsoft's popular email software revealed last week and an equally sprawling Russian attack discovered three...
 

Total Pandemic Losses for P/C Insurers Will Take Years to Determine: Fitch

Incurred pandemic losses for U.S. property/casualty insurers increased only modestly in fourth quarter of 2020 from earlier quarters in...
 

E&O-Cyber Incidents Worsened in 2020: Aon

Aon's first ever Errors & Omissions/cyber insurance product snapshot presents a pretty dire picture of worsening conditions. There were...
 

As States Ease Mask Rules, Essential Workers Worry About Safety and Jobs

Leo Carney worries that bigger crowds and mask-less diners could endanger workers at the Biloxi, Mississippi, seafood restaurant where he...
 

Reuters: Feinberg to Oversee Boeing 737 $500M Victim Compensation Fund

Prominent attorneys Kenneth Feinberg and Camille Biros have been named to oversee a $500 million victim compensation fund for the...
 

Progressive Insurance Marketing Chief Charney to Retire in 2022

Progressive Insurance reported that Jeff Charney will retire as chief marketing officer, a position he has held since 2010. Charney's...
 

Insurance Sales Prospecting Insurtech, Agency MVP, Raises $3.5M, Adds Execs

AgencyMVP, an online platform that identifies prospects for property/casualty insurance agencies, has received $3.5 million in seed...
 

21-Year AIG Veteran Tatulli Joins Berkshire Hathaway Specialty Executive Lines

Berkshire Hathaway Specialty Insurance (BHSI) has named Anthony Tatulli as head of Executive & Professional Lines for North America. He...
 

Generali Global Assistance Names Poletaev as North American Marketing Officer

Generali Global Assistance has appointed Vladimir Poletaev as its chief marketing officer. In this role, he will be responsible for...
 

The Inflation Specter Looms for Property/Casualty Insurers

Inflation, defined as the rate at which prices for goods and services are increasing, tends to occur when prices rise...
 
More National News »
 
 
 
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East

 

Philadelphia Doctor Charged in Accidental Overdose Death of Patient

A Pennsylvania doctor has been arrested for irresponsible and dangerous prescription practices that led to the death of his patient....
 

Teen Ordered to Trial in Fatal Philadelphia Bowling Alley Shooting

A 17-year-old youth has been ordered to stand trial in a bowling alley shooting near Philadelphia last month that left one person dead...
 

Maine Man Sues Paper Mill Over Levels of 'Forever Chemicals'

A Maine man is suing a paper mill company that operates in the state about levels of long-lasting chemicals in wells and elsewhere....
 

Biopharmaceutical Company to Pay $600K to Settle Alleged Clean Air Act Violations

A global biopharmaceutical company has agreed to pay $600,000 and limit its emissions of harmful air pollutants to settle allegations...
 

Delaware Apartment Fire Displaces 40, Causes $1M in Damage

More than 40 people have lost their home after a fire destroyed a Delaware apartment complex. The Delaware State Fire Marshal's office...
 

The Hilb Group Acquires Rhode Island's Compass Planners

The Hilb Group LLC (THG) has acquired Rhode Island-based Compass Planners (CP). The transaction became effective on February 1, 2021. CP...
 
More East News »
 
 
 
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Amwins' State of the Market
 
Our report provides industry intelligence and expert insights on key segments of the property, casualty and professional lines insurance marketplace.
 
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Amwins
 
 
 
 

Midwest

 

Hertz Sued by Michigan Man over Receipt That Cleared Him of Murder

A Michigan man who spent nearly five years in custody is suing a car rental company for failing to produce in a timely manner a receipt...
 

Lawsuit: Paraplegic Inmate Denied Shower for 5 Months in St. Louis Jail

A paraplegic inmate at a St. Louis, Mo., jail hasn't been able to shower for more than five months because the facility isn't equipped to...
 

Minnesota Insurance Licensing Exams Now Available Online

Insurance professionals in Minnesota may now take their pre-license examinations online, according to the Minnesota Department of...
 

Former Oilfield Maintenance Manager Pleads Guilty in North Dakota Workers' Death

A man accusing of lying to investigators about the 2014 death of an oilfield worker in North Dakota pleaded guilty on March 8 in federal...
 

Los Promoted to Executive VP at Ohio's National Interstate Insurance

National Interstate Insurance Co. (National Interstate), based in Richfield, Ohio, has promoted Shawn Los to executive vice president....
 

Indiana Says Medical Malpractice Surcharge Rates to Decrease in July

The surcharge rates for healthcare providers electing to be qualified under Indiana's Medical Malpractice Act will go down in July, the...
 

Ohio to Farmers: March 15 Is Insurance Deadline for Spring Crops

In a media release, Ohio Department of Insurance Director Judith L. French has reminded Ohio farmers that March 15 is the final date to...
 
More Midwest News »
 
 
 
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Southeast

 

Insurance Agents on the Front Line of Florida's Mounting Property Market Problems

While carriers face growing financial losses in Florida's distressed property insurance market, insurance agents are on the front lines...
 

What Stakeholders Are Saying About the Florida Insurance Market

Florida stakeholders are pushing hard for the Florida Legislature to enact property insurance reforms this year to help the state address...
 

Big Businesses Back South Carolina Hate Crime Bill

A bill that would make South Carolina the 48th state in the nation to pass a hate crime law started its journey through the Statehouse on...
 

Nashville Looks to Settle Fatal Police Officer Shooting for $2.3M

Nashville officials are seeking a $2.25 million settlement with the family of a Black man who was fatally shot by a white Nashville...
 

Demotech Withdraws Rating of American Capital, AM Best Issues Downgrade

American Capital Assurance Corp., a Florida-based insurer focused on commercial residential and non-residential property risks, as well...
 

Mississippi's Capital City Closer to Resolving Water Service

Running water has been restored to most parts of Mississippi's capital city, three weeks after the majority of Jackson homes and...
 

More Than 2,300 Acres Burned by 24 Wildfires in Alabama

Wildfires have burned more than 2,300 acres of land across Alabama in recent days, forestry officials said Monday as firefighters battled...
 

Builders Insurance Group Names Campbell President, CEO

Builders Insurance Group has appointed Todd M. Campbell as president and chief executive officer. He will join the Company effective...
 
More Southeast News »
 
 
 
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7 New Classes Announced!
 
March webinars are now live for the Academy of Insurance. March offerings include workers' comp, E&O, and our ever-popular Master classes.
 
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South Central

 

Workers' Comp Insurance Rates Continue to Drop in Louisiana

Workers' compensation insurance rates will continue to decrease in Louisiana with a new rate reduction beginning in May, the insurance...
 

Louisiana's Dwight Andrus Insurance Adds Hebert as VP, Personal Lines

Lafayette, Louisiana-based Dwight W. Andrus Insurance Inc. has hired Henri Hebert as vice president of Personal Lines -- a newly created...
 

Louisiana Woman Accused of Selling Fake Auto Policies on Facebook Marketplace

State police have arrested a Louisiana woman accused of selling fraudulent auto insurance policies. The majority of the victims saw the...
 

Demotech Withdraws Rating of American Capital, AM Best Issues Downgrade

American Capital Assurance Corp., a Florida-based insurer focused on commercial residential and non-residential property risks, as well...
 

Farmers Insurance Returning to Louisiana

Louisiana insurance regulators have approved rate and form filings for Farmers Insurance in advance of California-based insurer's...
 

Relation Insurance Services Acquires Assets of Texas Agencies, InSource and Shepard

Relation Insurance Services Inc. (Relation) has entered the Texas market with the acquisition of the assets of InSource Insurance Agency...
 
More South Central News »
 
 

Insurance Jobs

 

Personal Lines Customer Service – Call Center – REMOTE - Work At Home Vintage Experts - Remote

 

Regional Sales Manager - Countryway Insurance - Remote

 

Complex Claims Examiner - Security First Insurance - Ormond Beach, FL

 

Litigation Specialist - Security First Insurance - Ormond Beach, Fl

 

Commercial Associate Underwriter - Frontline Insurance - Lake Mary, FL

 

Daily Claims Unit Manager - Frontline Insurance - Lake Mary, FL

 

Service Operations Manager - Hub International Northwest - Bothell, WA

 
 
 

West

 

California Commissioner Says Insurers Overcharged Drivers During Pandemic

Insurers in California continued to overcharge drivers despite reduced risk of accidents during the pandemic, according to a report...
 

California's Five Largest Counties Forecast Looser Virus Rules

Three of the five largest counties in California could reopen as early as this weekend for indoor dining, movie theaters and gyms at...
 

Homeowners' Suit of Reno Over Flooding Now in U.S. Court

Dozens of residents who are suing the city of Reno over the flooding of their homes in 2017 are moving to federal court in a complex case...
 

Former Washington Attorney Charged in $1.8M Theft of Settlements

Former Washington attorney Patrick Kim was charged in King County Superior Court with three counts of first-degree theft and 10 counts of...
 

Flooding Prompts Hawaii Emergency Declaration, Evacuations Ordered

Hawaii Governor David Ige declared an emergency in the U.S. state after heavy rains brought floods, landslides and fear of dam failures,...
 

Arizona High Court Rules Man Can Sue for Privacy Breach

Warehouse store chain Costco can be sued for privacy violations by a Phoenix-area man who alleges a pharmacist joked with his ex-wife...
 

Study Shows NASIDs Growing in California Workers' Comp

A new study shows that nonsteroidal anti-inflammatories (NSAIDs) now account for more than one-third of all drugs dispensed to injured...
 

Oregon SAIF Declares $210M Dividend for Policyholders

SAIF on Wednesday declared a $210 million dividend for its policyholders and acknowleded the financial toll the pandemic has taken on...
 

California Labor Commissioner Cites Delivery Companies $6.4M

The California Labor Commissioner's Office has cited Green Messengers Inc. and Amazon.com Services LLC $6.4 million for wage theft...
 

Oregon Man Charged With Arson in Law Office Fire

A Bend man currently being held at a regional jail in The Dalles has been indicted on two first-degree arson charges in a 2019 fire that...
 

Crest Acquires SGB Ltd. in Arizona, Adds Byrne

Crest Insurance Group LLC of Scottsdale, Ariz. has added Shawn Byrne and his team as part of an acquisition of SGB Ltd. Byrne founded his...
 
More West News »
 
 
 
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International & Reinsurance

 

Insurers Face Disputes with Their Reinsurers over UK COVID-19 Business Income Claims

Top insurance companies, ordered by Britain's highest court to pay thousands of small businesses millions of pounds in claims for...
 

Credit Suisse Faces Questions from Regulators, Insurers After Collapse of Greensill Funds

ZURICH/TOKYO - Credit Suisse faces questions from regulators and insurers as it grapples with the fallout from the collapse of $10...
 

Canada's Trans Mountain Pipeline Wants to Keep Insurers Secret from Project Protestors

Trans Mountain Pipeline LP is petitioning to keep the insurers of its controversial Canadian oil sands pipeline confidential as...
 

Microsoft Flaw Exposes as Many as 60,000 Computer Systems in Germany

BERLIN - As many as 60,000 computer systems in Germany were exposed to a flaw that allows unauthorized users to access systems in...
 

BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble

See a need and then fill it. That's the secret of most successful businesses--and that was the driving motivator of insurtech Thimble,...
 

German Insurtech Wefox Plans to Launch Product that Warns of Looming Danger

BERLIN - German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other...
 

Italy's Generali Expects to Hit 2021 Targets After Reporting 'Excellent' Results in 2020

MILAN - Generali is confident it can hit its targets this year after Italy's biggest insurer overcame a negative impact from the...
 

Tokio Marine Examines Validity of Greensill Insurance Policies Provided by Australia Unit

TOKYO - Japanese insurer Tokio Marine Holdings Inc. said on Wednesday it is investigating the validity of insurance policies provided by...
 

Commodities Trader Mercuria Buys $36M of Copper, but Gets Cargo of Painted Rocks

Commodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish supplier. But when...
 

EU Prepares to Get Tougher on Asset Managers that 'Greenwash' Sustainable Credentials

LONDON/BRUSSELS - For money managers and advisers keen to market their sustainable investing credentials to European clients, going green...
 

Zego Becomes UK's 1st Insurtech Unicorn After Fundraising Values Company at $1.1B

Commercial mobility insurer Zego has become the UK's first insurtech unicorn after raising $150 million, valuing the company at $1.1...
 

DARAG to Provide Retrospective Quota Share Reinsurance for Protector Forsikring

DARAG Group Ltd., the Malta-based legacy acquirer, announced it has signed a retrospective quota share reinsurance agreement with...
 

Marsh Names Barnes to New Global Sustainability, Climate Strategy Role

Global insurance broker Marsh has appointed Amy Barnes to the newly created role of head of Sustainability and Climate Change Strategy....
 
More International & Reinsurance News »
 
 
 
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Research and Webinars

 
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Occupational Hazards in Renewable Energy: Helping Your Clients Improve On-the-Job Safety

Now that the 2020 election is behind us, it is predicted that we'll likely see even greater growth in renewables with the Biden...
 
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Independent Agents: How Insurtech Can Solve Common Pain Points

Historically, it's been difficult for independent agents to profitably place commercial lines, but insurtech is quickly changing...
 
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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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2021 In View: What to Expect as the Industry Transitions to the New Realities of a Post-COVID-19 World

As the insurance industry rebounds from a tumultuous 2020, we will see swift changes across a number of critical areas. In this...
 
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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...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP.9: Memory Lane: Returning to the Early Days of Cyber Coverage

With the sophistication of cyber attacks, claims growth, and now, a global pandemic driving an...
 
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Diversity, Resilience, Innovation: Altmaier's NAIC Priorities for 2021

Florida insurance chief David Altmaier has a busy year ahead, and it won't just include...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Call Center Agent Looking for Advice

Posted: Wed Mar 10 -- Thank you both so much for your advice. I truly appreciate it, all of your insight is incredibly valuable. Wabisabi
 
Go To Forums »
 
 

Reader Comments

 

Climate Change Activists 'Welcome' AIG CEO Zaffino; EU Urges More Insurance

Posted: Thu Mar 4 -- It's was proved over 3 years ago based on the scientific method of analysis. Here's one summary with links to all the science explaining it:... Rosenblatt
 

Arizona High Court Rules Man Can Sue for Privacy Breach

Posted: Wed Mar 10 -- Although what the Costco pharmacist did was dysfunctional, I believe Costco should be able to erect a reasonable defense and avoid a stiff... Jimbo
 

Insurance Agents on the Front Line of Florida's Mounting Property Market Problems

Posted: Thu Mar 11 -- The "Unholy Quartet" of public adjusters, attorneys, water damage restoration contractors and roofers have absolutely and completely... Tiger88
 

Texas Businesses Now Must Decide: Require Face Masks or Not

Posted: Thu Mar 4 -- RRM: if it was available to you for free today, would you get vaccinated? Rosenblatt
 

Judge Permits Suit Alleging Geico Overcharged Drivers During Pandemic

Posted: Mon Mar 8 -- Geico: 15 months of COVID can cost you 15% or more on car insurance. Placement GURU
 
Go To Popular Comments »
 
 
 
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