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May 20, 2021
 
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National

 

Fed Warns Credit Scores 'May Lose Some Power' After Covid

The Federal Reserve Bank of New York warned that credit scores -- the all-powerful number that can determine if a consumer is able to...
 

Businesses Should Expect More Product Recalls, Regulations After Covid: Sedgwick

While the effects of the COVID-19 pandemic have kept inspections and product recall incidents at low levels, businesses should expect a...
 

'Cat-Prone' Startup Kin Insurance in Talks to Go Public With 'Shark Tank' Judge's SPAC

Home-coverage startup Kin Insurance is in talks to go public via Omnichannel Acquisition Corp., a special purpose acquisition company led...
 

Climate Change Caused $8 Billion of Hurricane Sandy's Economic Losses: Study

When Hurricane Sandy barreled over New York City and the East Coast in 2012, it caused $63 billion in damage, making it one of the...
 

Suit Claims Owners Drove Brooks Brothers to Bankruptcy to Avoid Paying Investor

The billionaire Italian family that until recently owned Brooks Brothers has been accused in a lawsuit of driving the iconic apparel...
 

Arrowhead Launches E&S Program, Names Murray as President

Arrowhead General Insurance Agency Inc. has launched a new excess and surplus lines program and named Bill Murray as its president. The...
 

Insurance Comparison Site Jerry Raises $28 Million

Auto insurance comparison site Jerry has raised $28 million in new financing. The startup, which operates as a licensed insurance broker,...
 
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Executive Viewpoint: A New Property Underwriting Paradigm

Buildings burn. They shake. They blow up, and they blow down. The events and situations causing damage to buildings are...
 
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We look at claims volume, miles driven, fuel prices, new vehicle sales, metals, and much more in the 2020 IAA Industry Report.
 
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East

 

Lawsuits Over University of Delaware COVID-19 Shutdown Can Proceed

A federal judge on Tuesday refused to dismiss two lawsuits filed against the University of Delaware by current and former students who...
 

Ex-Gynecologist in Virginia Gets 59 Years on Fraud Conviction

A former gynecologist in Virginia who was convicted on fraud charges for performing unnecessary surgeries and procedures was sentenced...
 

Element Risk Management Acquires Pennsylvania's Smith Insurance

Element Risk Management has acquired Smith Insurance with locations in Hershey and Williamstown, Pennsylvania. Smith Insurance was...
 
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Midwest

 

Iowa's Ramsey-Weeks Insurance Merges with First Mainstreet

Ramsey-Weeks Insurance in Grinnell, Iowa, has merged with First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies...
 

Outlooks Revised to Positive for Workers' Comp Insurer Stonetrust

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term...
 

Nebraska Lawmakers Say 'No' to Mandated Virus Protections for Meat Workers

Nebraska lawmakers have rejected state-mandated coronavirus protections for meatpacking workers, with opponents arguing that...
 
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Southeast

 

Environmental Groups Sue Feds Over W. Virginia Mine Reclamation Program

Environmental groups are seeking to force the federal government to address an underfunded program in West Virginia whose purpose is to...
 

Medical Marijuana Now Legal in Alabama After Decades of Debate

Alabama Gov. Kay Ivey signed medical marijuana legislation Monday as Republican opposition to the issue faded after decades of debate....
 

Anderson Benson of Tenn. Appointed Lloyd's Coverholder for Media Liability E&O Program

Anderson Benson, a Nashville-based independent insurance and risk management broker, has been appointed as a coverholder by Lloyd's of...
 
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South Central

 

Unrelenting Rain Prolongs Misery in South Central States

Heavy rain kept pounding parts of Texas and Arkansas before moving over Louisiana on Wednesday, adding to the misery for people whose...
 

Louisiana Private Flood Insurance Bill Returned to House from Senate

A Louisiana bill that would make it easier for private flood insurance carriers to offer flood insurance in the state has been sent back...
 

Outlooks Revised to Positive for Workers' Comp Insurer Stonetrust

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term...
 

NTSB: Louisiana Offshore Lift Boat Flipped While Lowering Legs, Turning

An offshore oil industry boat had begun to lower its legs and was trying to turn to face heavy winds when it flipped in the Gulf of...
 
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West

 

Former Oregon City Employee Files Termination Suit

The former city recorder in Coquille, Ore., has filed a federal lawsuit against the city alleging she was wrongfully fired. Jennifer Rose...
 

California Restaurants Expect Rebound That Will Take Years

Nearly a third of California's restaurants permanently closed and two-thirds of workers at least temporarily lost their jobs as the...
 

Study Shows How Recreational Cannabis Legalization May Change Illegal Drug Markets

A study published in the scientific journal Addiction provides evidence of the association between recreational cannabis laws in U.S....
 

People Moves: CAC Specialty in Colorado Adds Lynch, Lockton Pacific Adds Lupe in California

CAC Specialty in Colorado has named Erin Lynch president of its natural resources division and co-leader of its power, utility and...
 

$4.8M Judgment in Labor Trafficking Case Against Maui Pineapple

The U.S. Equal Employment Opportunity Commission has recovered $4.8 million to satisfy a judgment in a national origin and race...
 
More West News »
 
 

Insurance Jobs

 

Actuary I - MAPFRE Insurance - Remote (or near Webster, MA Campus)

 

Client Manager, Small Business - Fred C. Church - Lowell, MA

 

Workers' Compensation Claims Adjuster - Indianapolis, IN - Federated Insurance - Indianapolis, IN

 

Auto and Commercial Liability Claims Adjuster - Indianapolis, IN - Federated Insurance - Indianapolis, IN

 

Insurance Journal: P/C Insurance Industry Reporter/Editor - Wells Media Group - Remote

 
 
 

International & Reinsurance

 

London's 'Golden Age' as Europe's Financial Center Has Ended: NatWest Chair

The City of London's 'Golden Age' as Europe's financial capital is over following Brexit, but it will remain a major and profitable...
 

Irish Patient Data May Have Been Posted on Dark Web After Cyber Attack: Minister Says

Reports of Irish patient data posted online after a cyber attack on Ireland's health service appear to be accurate, a government minister...
 

UK Pushes G-7 Countries to Adopt Mandatory Climate Reporting for Big Companies

UK Chancellor of the Exchequer Rishi Sunak is pushing the Group of Seven (G-7) economies to impose mandatory reporting of environmental...
 

Trial Operations of Flying Taxis, Cargo Drones Will Begin in England This Year

Trial operations of flying taxis and cargo drones will begin in Coventry, England, before the end of the year as part of a plan to...
 

Insurer Aviva Will Close 3 UK Property Funds Hit by Pandemic Economic Turmoil

Insurer Aviva said it will close three UK property funds in July that have been suspended since March last year due to market uncertainty...
 

Square Pegs Becomes Castel Underwriting Cell, Offering Cover for Complex SME Risks

Square Pegs, which offers specialist insurance coverage for complex and unusual risks via a dedicated e-trading platform, has become a...
 

Insurance Development Forum Launches Project to Build Colombian Climate Resilience

The Insurance Development Forum (IDF), a public-private partnership led by the insurance industry and supported by international...
 

People Moves: WTW's Harvey to Acrisure Re; Fidelis' Clapham to IGI; AXA XL's Paeßens to Liberty Specialty Markets; Leggett Is CEO of Sedgwick Ireland

This wrap-up of international People Moves details recent appointments at Acrisure Re; International General Insurance; Liberty Specialty...
 
More International & Reinsurance News »
 
 
 
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Insurance Journal Blogs and Columns

 

Credit-Based Insurance Scores - The Battle Heats Up

Earlier this month, the Colorado Senate passed a bill prohibiting insurance companies from using any external consumer data and...
 
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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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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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Learn how insurtech is solving common issues for independent agents.

Historically, it's been difficult for independent agents to profitably place commercial lines, but insurtech is quickly changing...
 
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Drive higher-value outcomes for your commercial auto clients

Video and telematics technology can be a significant benefit to your clients. Understanding the true value of technology...
 
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Risk Management Checklist

Businesses choose to work with brokerage firms that make them smarter, protect them from risk, and generally, make life easier....
 
More research and webinars »
 
 

Insurance Journal TV

 
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Hyper-Personalized Insurance

If you're interested in hearing from a fresh startup insurtech that is all about distribution...
 
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Florida Agents Join Consumer Advocate's Fight Against Contractor Fraud

Florida's property market is facing unprecedented challenges and losses blamed in part on...
 
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New Discussions in the Forums

 

Mortality Coverage - NM

Posted: Thu May 13 -- Hello. I'm looking for mortality coverage for a client that breeds reptiles and sells them to pet stores. Any ideas? KHoney
 
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Reader Comments

 

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
 

The Potential Liabilities for Cities, Insurers from Florida's New 'Anti-Riot' Law

Posted: Tue May 18 -- Florida's current governor is a complete dumb@ss who doesn't think through the consequences or full impact of anything he does. Throughout... Orlando Taz
 

Retired Black Players Fight NFL Brain Injury Payout Algorithm Based on Race

Posted: Tue May 18 -- I find this article illuminating on a topic that is near and dear to my heart--Disability insurance. However, the entire article puts me off... BusterScruggs
 

Texas Passes Restrictive Abortion Bill That Expands Exposure to Lawsuits

Posted: Fri May 14 -- "The bill was denounced by hundreds of lawmakers and doctors — in letters circulated by opponents of the measure — who said its broad... John Dough
 

3 Florida Insurers to Drop Thousands of Policies, Make Moves to Stay Afloat

Posted: Thu May 13 -- About the same amount of time I've been in the Texas market. Every time I see one of these Florida companies come into Texas thinking... okt0ber
 
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