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Today's Headlines

 
May 6, 2021
 
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National

 

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid-19 may drive market corrections and insolvencies that could impact financial institutions' balance sheets, increase exposures for...
 

Employers Advised to Prepare for Pandemic's Mental Health Fallout as Employees Return

From casual Fridays to after-work drinks, those weekly rituals once taken for granted are returning as Americans head back to the office....
 

Biden Backs Patent Waiver for Covid-19 Vaccines

President Joe Biden on Wednesday threw his support behind waiving intellectual property rights for COVID-19 vaccines, bowing to mounting...
 

Study Links High Hispanic Death Rate From Covid-19 to Work Exposure

Hispanic Americans have died of Covid-19 at a disproportionately high rate compared to whites because of workplace exposure to the virus,...
 

Allstate Q1 Revenue Soars 26% on National General, Premium Gains

Allstate reported an overall $1.4 billion net loss in the first quarter due to the sales of its life and annuity businesses, compared to...
 

Peloton Apologizes; Reverses Course; Will Recall Treadmills

Peloton announced a recall of its treadmills on Wednesday, reversing course just weeks after saying there was "no reason" to stop using...
 

In a Hard Market, Agents Must Meet the Excess E&O Challenge Head On

Brokers are caught between a rock and a hard place when it comes to arranging excess E&O cover for their professional clients. This is...
 

COVID-19 Is Accelerating Technology Adoption and Underwriting Innovation

The global pandemic has triggered fundamental changes that present insurers with new challenges and opportunities....
 
More National News »
 
 
 
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East

 

Maine One of Latest States to Enact NAIC-Inspired Insurance Data Security Act

Maine is one of the latest states to enact its own version of the National Association of Insurance Commissioners (NAIC) model data...
 

Ex-Maryland Volunteer Firefighters Indicted on Arson Charges

A group of Maryland volunteer firefighters accused of setting fire to vacant structures have been charged with arson and other crimes....
 

Gallagher Bassett Services Acquires Total Safety Consulting and Its Affiliates

Arthur J. Gallagher & Co.'s risk management services subsidiary, Gallagher Bassett Services Inc. (GB), has acquired Bayonne, New...
 
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Midwest

 

Man Who Helped Burn Minneapolis Precinct During Floyd Unrest Sentenced

A St. Paul, Minnesota, man has been sentenced to more than three years in prison for his role in the arson fire that burned a Minneapolis...
 

Ohio State Plans Process to Settle with More Strauss Sex Abuse Victims

Ohio State University said on May 3 it is planning an individual settlement program that could help resolve more of the remaining claims...
 

Nebraska Dog Owner Cited Following Attack by Pit Bulls

The owner of two pit bull-mixed breed dogs accused of violently attacking an Omaha, Neb., couple and their miniature poodle now faces...
 

ATF to Help Investigate String of Suspicious Fires in Gary, Indiana

The federal Bureau of Alcohol, Tobacco, Firearms and Explosives will help the Gary police and fire departments investigate a series of...
 
More Midwest News »
 
 
 
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Southeast

 

2 Arrested in Florida Fake Public Adjuster, $65K Claims Scheme Against Citizens

Two Miami residents have been arrested for allegedly acting as public adjusters without a license and filling false insurance claims with...
 

Flood Threats Persist as Storms Continue to Drench the South

Relentless wind and rain continued to pummel much of the southeastern United States Wednesday, spawning tornadoes, sparking a flash flood...
 

Kentucky City Threatened by Sewage Lagoon Seeping through Embankment

A sewage lagoon above a small western Kentucky city is seeping through its embankment and is likely to fail, prompting the mayor to warn...
 

People Moves: Westwood Picks Kriby as VP; New Roles for Burrows, Finley at The Villages; Lowe to Lead GRS Institute

Westwood Insurance Agency Appoints Kriby as VP of Client Development, Partnerships Westwood Insurance Agency is has appointed Tom Kriby...
 
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South Central

 

Many Safety Issues Found Where Texas Oilfield Worker Died from Gas Leak

In its report on the Oct. 26, 2019, hydrogen sulfide gas release that killed a Texas oilfield worker and his wife, the U.S. Chemical...
 

Ahead of Biden visit, Louisiana Seeks More Hurricane Disaster Aid

U.S. Sen. Bill Cassidy has asked President Joe Biden, ahead of his May 6 visit to Louisiana, to back disaster aid to help the state with...
 

Insurance Bills Begin to Move in Texas Legislature

Numerous insurance-related bills have been filed during the current Texas legislative session and many of them have begun moving in the...
 
More South Central News »
 
 
 
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West

 

Judge Weighs Whether PG&E Violated Probation With 2019 California Fire

A federal judge is weighing whether Pacific Gas & Electric violated its criminal probation by sparking a wildfire north of San Francisco...
 

U.S. Legal Cannabis Sales Hit Record $17.5B as Legislation Transforms Insurance Outlook

A new report highlights the opportunity for insurers in cannabis. New Dawn Risk launched its latest white paper on insurance for the U.S....
 

$6M Settlement for Men Abused at Washington Boys Home Being Paid by Insurers

Insurance companies are paying $6 million to settle a lawsuit brought against Kiwanis International and local Kiwanis clubs by seven men...
 

Group Says Its Analysis Shows Proposed California Law Will Harm Music Creators

Proposed California legislation would make contracts between labels and artists nearly unenforceable, reducing the incentive for record...
 
More West 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.
 
See Whole Lineup
 
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International & Reinsurance

 

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid-19 may drive market corrections and insolvencies that could impact financial institutions' balance sheets, increase exposures for...
 

WHO Says China's Vaccine Prevents COVID But Questions Data on Side Effects: Reuters

WHO experts have voiced "very low confidence" in data provided by Chinese state-owned drugmaker Sinopharm on its COVID-19 vaccine...
 

Insurer Disappointed After Egyptian Court Upholds Detention of Tanker Ever Given

CAIRO - An Egyptian court on Tuesday ruled that the container ship which blocked the Suez Canal in March could continue to be held in the...
 

EU Top Court Upholds Partial Ban on Bayer Pesticides

BRUSSELS - The European Union's top court on Thursday upheld the EU's partial ban on three insecticides linked to harming bees,...
 

Insurers Warn Canada's Moving Too Slowly on Flood Mapping

OTTAWA - Canada plans to focus its next budget on tackling climate change and its effects but the insurance industry, amid skyrocketing...
 
More International & Reinsurance News »
 
 
 
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Insurance Jobs

 

Accounting & Financial Reporting Manager - Premier Careers, Inc. - Davenport, IA

 

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

 

Commercial Lines Underwriter - Insurance Company - REMOTE - Work At Home Vintage Experts - Remote

 

Investigative Researcher - PolicyFind - Remote

 
 
 

Insurance Journal Blogs and Columns

 

Business Income and the Supposed Ambiguity of "...Direct Physical Loss of or Damage To..."

We thank friend of the Academy, Christopher J. Boggs for this guest post. Courts are being asked to decide whether the phrase, "direct...
 
More Blogs »
 
 

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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Driving to Simple in Insurance

In a Newsweek study, insurance executives reported that customers were less interested in complex ways of customizing their...
 
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Digital Handshake, Ready to Go Automation and More, with Steve Anderson

Watch Now On Demand: As an independent agent, navigating through the insurance industry can be frustrating, especially in an...
 
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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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Streamline, Standardize, Sell More

Surviving as an independent agent is no longer the name of the game. Modern agencies want to grow their business more than...
 
More research and webinars »
 
 

Insurance Journal TV

 
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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...
 
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EP. 13: The Really, Really Big One: The Likelihood of a 1-in-100 Year Cyber Catastrophe

More than a year into what some have called a 1-in-100 year pandemic with COVID-19, many may...
 
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
 

What's the best Cluster/Agent Network to Join (Florida)

Posted: Fri Apr 23 -- hello Josh i read your post today. did you find anyone to work with ? i'm now in the same boat . after deep studying the industry . im still... brunol
 
Go To Forums »
 
 

Reader Comments

 

Florida Legislature Passes Major Changes to Auto, Property Insurance Markets

Posted: Fri Apr 30 -- Left out of the discussion is the hundreds of millions of dollars in fraud that will potentially be cut when No Fault is dropped. Lawyers... Mark
 

Workers Refusing Covid Vaccine Could Lose Their Jobs

Posted: Wed May 5 -- "I believe that it’s illegal to mandate a vaccine when it is under Emergency Use Authorization from the FDA,” one friend wrote." The... John Dough
 

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

Posted: Wed May 5 -- even if vaccine injuries are very rare, coercing people into taking it is so unethical as some people will be severely injured who may have... ben
 

Commentary: Proposed Florida PIP Repeal a Bad Deal for Consumers, Industry

Posted: Thu Apr 29 -- If the top insurance lobbyist in the state says it's bad...then you know it's a good thing for people. The reality is that driving is NOT a... Simon
 

Explosion at Gender Reveal Party Rocks Several New Hampshire Towns

Posted: Thu Apr 29 -- It was a bit overdone but with 7 or more possible sexes these days the betting on which sex must have been awesome. For gender reveal... MightyQuinn
 
Go To Popular Comments »
 
 
 
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