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Today's Headlines

 
May 13, 2021
 
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National

 

Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom: Bloomberg

Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the...
 

Biden Signs Executive Order on Cyber Information Sharing, Safety Practices

President Joe Biden on Wednesday signed an executive order intended to strengthen U.S. cybersecurity by improving information sharing...
 

Colonial Pipeline's Cyber Insurers Include AXA XL, Beazley

Colonial Pipeline has cyber insurance arranged by broker Aon, with Lloyd's of London insurers AXA XL and Beazley among the underwriters,...
 

Commercial Auto Insurance Business on Road to Break-Even in 2021: Fitch

The commercial auto insurance segment posted its best underwriting result in a decade in 2020, thanks to continued big rate increases and...
 

MGA Pouch Debuts With ILS Capital Backing, Telematics for Small Commercial Fleets

Pouch, an insurtech MGA using telematics to reward small businesses for safe driving, disclosed it has raised some initial financing that...
 

Medical Professional Liability Market Facing Difficult Times

Despite a slight improvement in net income in 2020, U.S. medical professional liability (MPL) insurers saw their sixth consecutive year...
 

What Cyber Insurers Should Know About the Federal Ransomware Advisories

As the COVID-19 pandemic and the switch to remote work have highlighted cyber risks and drawn attention to the various methods cyber...
 

Insurance Industry Got Closer to Manufacturing Clients During Pandemic

The U.S. manufacturing industry is on the rebound from effects of the global pandemic-driven shutdown more than a year ago. While U.S....
 

How Agents Can Help Construction Businesses Get Back on Track

Construction business owners experienced declines in their revenues, project completions, new bids and workforce, as the pandemic took hold...
 

The Good and Bad Of Aligning With 'Star' Employees

Working with a "star" employee--someone who demonstrates exceptional performance and enjoys broad visibility relative to...
 
More National News »
 
 
 
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Featured Events

 
Commercial Lines Innovation USA

Commercial Lines Innovation USA

May 18 / Virtual
 
The Future of Insurance USA 2021

The Future of Insurance USA 2021

June 22 / virtual
 
 
 

East

 

Connecticut Offering $280M to Nursing Homes to Avoid Strikes

Connecticut officials on Monday proposed an additional $280 million in funding for nursing homes in an effort to avoid strikes by nearly...
 

Mitchell | Genex | Coventry Enters Agreement to Acquire QualCare Alliance Networks

Mitchell | Genex | Coventry, a provider of cost containment technology, provider networks, clinical services, pharmacy benefit management...
 

NJM Insurance Adds BOP, Commercial Excess, Umbrella Coverage in New Jersey

NJM Insurance Group is now writing businessowners policies and corresponding excess and umbrella policies in New Jersey. The ProEdge...
 
More East News »
 
 
 
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Midwest

 

MGA Pouch Debuts With ILS Capital Backing, Telematics for Small Commercial Fleets

Pouch, an insurtech MGA using telematics to reward small businesses for safe driving, disclosed it has raised some initial financing that...
 

Nebraska Legislation Shielding Businesses from COVID Lawsuits Advances

A sweeping bill that would shield Nebraska businesses and local governments from coronavirus-related lawsuits won initial approval from...
 

U. of Michigan Missed Chances to Stop Doctor's Abuse, Report Says

Staff at the University of Michigan missed many opportunities to stop a doctor who committed sexual misconduct for decades with long-term...
 
More Midwest News »
 
 
 
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Southeast

 

Florida Man Accused of Failing to Pay $193K in Workers' Comp Premium

A Florida man has been arrested for workers' compensation premium fraud and additional charges for allegedly concealing payroll...
 

Florida Declares State of Emergency After Pipeline Shutdown

Florida Gov. Ron DeSantis declared a state of emergency Tuesday evening in response to gasoline shortages caused the shutdown of a major...
 

Lightning Sends Chunk of Highway Through Truck in Florida

A lightning strike in Florida launched a chunk of highway pavement through a truck windshield and injured two people inside the vehicle...
 

Millers Mutual Insurance Expands Into North Carolina

Millers Mutual Insurance, a regional property and casualty insurance carrier focused on multifamily housing, is expanding into North...
 
More Southeast News »
 
 
 
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South Central

 

2020's Hurricane Zeta Upgraded from Cat 2 to Cat 3

Hurricane Zeta, which swept through southeast Louisiana at the tail end of the 2020 hurricane season, has been upgraded to a major,...
 

Texas Bill Requires Auto Insurance Policies to Allow Appraisal Challenges

A bill recently passed out of the Texas House of Representatives Insurance Committee would secure the right of an auto insurance...
 

Higginbotham Expands in Louisiana with Haik Insurance

Fort Worth, Texas-based independent insurance and financial services firm, Higginbotham, has partnered with Haik Insurance, an...
 

Arkansas Insurer to Settle Retaliation Discrimination Suit for $90K

A life insurance company based in Little Rock, Arkansas, will pay $90,000 to settle a retaliation discrimination lawsuit, federal...
 
More South Central News »
 
 
 
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West

 

Washington Commissioner's Captive Insurer Bill Signed into Law

A bill to provide a framework to captive insurers doing business in Washington became law after Gov. Jay Inslee signed the legislation on...
 

Nevada Police Officer Suspended for Tweets Seeks $1M

A Sparks, Nev. police officer who is accusing the city of violating his free speech rights is seeking $1 million in damages after he was...
 

Oregon Grass Seed Dealer Paying $300K Settlement over Mislabeling

A Willamette Valley, Ore., grass seed dealer accused of mislabeling over 8 million pounds of seed will pay $300,000 in a settlement with...
 

Oregon Ice Storm Repair Will Cost $4M-Plus

Officials in Salem, Ore., say damage from a February ice storm will cost about $4.6 million to repair. The Statesman Journal reported the...
 

People Moves: Outsource Insurance Professionals Adds Bentley in California, Resilience Adds Reed

Outsource Insurance Professionals has named Shawnae Bentley director of client relations. Bentley will oversee business development and...
 
More West News »
 
 

Insurance Jobs

 

Managing Attorney - Security First Managers, LLC - Ormond Beach, FL

 

Staff Attorney - Security First Managers, LLC - Ormond Beach, FL

 

Insurance Agency Bookkeeper - Work At Home Vintage Experts - Remote

 

Personal Lines Customer Service Representative (CSR) or Account Manager - Work At Home Vintage Experts - Remote

 

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International & Reinsurance

 

Colonial Pipeline's Cyber Insurers Include AXA XL, Beazley

Colonial Pipeline has cyber insurance arranged by broker Aon, with Lloyd's of London insurers AXA XL and Beazley among the underwriters,...
 

Airbus, Air France Could Face Charges of Manslaughter over Deadly Crash in 2009

Airbus SE and Air France-KLM could face charges of involuntary manslaughter over the deadly crash of a Paris-bound plane off the...
 

Specialist Risk Group Buys Dublin-Based MGA, Blackrock Insurance Solutions

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of specialist Irish liability and...
 

ArgoGlobal Provides Capacity of $25M for Green Finance MGA Tierra Underwriting Ltd.

ArgoGlobal, the Lloyd's insurer and member of Argo Group, has formed a partnership with green finance managing general agency, Tierra...
 

Miller Launches Professional Indemnity Product for Freelance Solicitors

Insurance broker Miller has launched a professional indemnity (PI) product designed specifically for solicitors operating on a...
 

People Moves: AXA XL Canada Names 5 Underwriters; MS Amlin Appoints 2 at Reinsurance Business

This wrap-up of international People Moves details recent appointments at AXA XL and MS Amlin. To meet the growing demand for...
 
More International & Reinsurance News »
 
 
 
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8 New Classes Announced!
 
May webinars are now live for the Academy of Insurance. May offerings include New Classes from Dr. Brenda Wells and Chris Burand plus our favorite and least favorite Commercial Property endorsements.
 
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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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Discover ways to help your commercial auto clients control losses

Loss control is one of the most underutilized services by agents and brokers in the commercial auto industry.  Understanding...
 
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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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Commercial auto loss results have worsened in recent years

Video and telematics technology can be a significant benefit to your clients. Understanding the true value of technology...
 
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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...
 
More research and webinars »
 
 

Insurance Journal TV

 
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Hyper-Personalize Insurance

If you're interested in hearing from a fresh startup insurtech that is all about distribution...
 
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EP. 23: Tribal Cannabis Insurance is a Difficult, but Promising Space

Tribal cannabis could turn out to be a space that expands on par with casino businesses on...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Question On Agency Salary Survey

Posted: Tue May 4 -- Hi all, I just downloaded the Agency Salary Survey yesterday and was curious if anyone knew, does the average compensation shown include... Camaroon83
 
Go To Forums »
 
 

Reader Comments

 

$2,300 Phone Call. $1,000 Cab Ride. Purdue Runs Up $400M Bankruptcy Tab.

Posted: Wed May 12 -- And they wonder why lawyers and consultants are so fondly referred to as "scumbags" and "bloodsuckers." This is nothing more than a... Mr. Integrity
 

'Vaccine Passport' Apps Gaining Traction in Airports, Live Events

Posted: Thu May 6 -- It should sell itself, but you are underestimating the stupidity of the average person. It took us over 250,000 deaths before some people... Rosenblatt
 

Texas Fetal "Heartbeat" Bill Expands Lawsuit Liabilities Well Beyond Patient, Provider

Posted: Mon May 10 -- Texas - where the men are men and the women are chattel Caldude
 

Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom: Bloomberg

Posted: Thu May 13 -- Way to go Colonial! Now the crooks will be even more emboldened to keep doing this again and again. Do not EVER pay, ever! There are other... Mark
 

Blind Teen Alleges Rhode Island Eatery Violated Her Rights

Posted: Wed May 12 -- I know you can't ask people what their disability is which requires them to have a service dog, but it should be pretty plain for everyone... Rosenblatt
 
Go To Popular Comments »
 
 
 
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