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October 22, 2020
 
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National

 

1 in 4 Businesses Has Experienced Cyber Event, Travelers Survey Finds

Nearly one in four respondents (22%) out of more than 1,200 business leaders surveyed in 2020 Travelers' Cyber Risk Index said their firm...
 

Auto Insurance Claims Satisfaction Continued to Rise During Pandemic

Having fewer auto insurance claims during the coronavirus pandemic appears to have given insurers time to refine their customer...
 

FCC Says It Has Authority to Change Social Media Liability Shield

The top lawyer at the U.S. Federal Communications Commission (FCC) said Wednesday the telecommunications regulator has legal authority to...
 

AM Best's Estimates for U.S. Insurers' Asbestos & Environmental Losses Unchanged

AM Best said its estimates of $100 billion in asbestos losses and $46 billion in environmental losses for the U.S. property/casualty...
 

Self-Driving's Latest Turn: GM's Cruise Seeks OK for Cars Without Steering Wheel, Pedals

Self-driving car maker Cruise said on Wednesday it and majority shareholder General Motors Co. would seek U.S. regulatory approval in...
 

Marsh Adds Aon's Albers to Lead Its Life Sciences Practice

Insurance broker Marsh announced that Eddie Albers has joined the firm to lead its U.S. Life Sciences practice. As the leader of Marsh's...
 

Insurity Acquires Billing Services Firm Bill It Now

Insurance systems and data firm Insurity announced it has acquired Bill It Now, a cloud-based billing-as-a-service for insurers, managing...
 

Cryptocurrency Exchange Bitstamp Adds Lloyd's-Backed Crime Insurance Policy

Bitstamp, a cryptocurrency exchange, has expanded the insurance offered to its customers with an additional crime insurance policy. The...
 

Purdue Pharma to Plead Guilty Over Opioid Practices; Critics Balk at Terms

Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal...
 

Hotel Sector Falls on Tough Times as Insurance Rates Rise

The hotel industry was one of the first industries affected when COVID-19 forced the travel industry into standstill, and many predict it...
 

Telematics Meets Demand for Real-Time Data as Insurers Adjust to On-Demand Economy

Even before COVID-19, the gig economy was changing how people work, as businesses rapidly adapted to provide on-demand...
 
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East

 

EPA Permit May Curb Phosphorous Discharge from New Hampshire Fish Hatchery

A new federal water permit for a New Hampshire fish hatchery that has been accused of polluting local waterways could cut the amount of...
 

Eastern Insurance Group Acquires Assets of Massachusetts' Auburn Insurance Agency

Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, has acquired the assets of the Auburn Insurance Agency Inc., a...
 

Dick Insurance Agency, Merrimack Financial Services Announce New Hires

Dick Insurance Agency, along with sister company Merrimack Financial Services, both of Tewksbury, Mass., have announced four new hires....
 
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Midwest

 

The Horton Group's Daly Elected President of Illinois Agents Association

George Daly with The Horton Group in Orland Park, Ill., has been elected president of the Independent Insurance Agents of Illinois (IIA...
 

Historic 400-Ton Pavilion to Be Moved from Eroding Michigan Bluff

A 400-ton pavilion that offers spectacular views of Lake Michigan will be moved away from an eroding bluff after a mudslide and high...
 

Nebraska GOP Liable for Illegal Auto-Dial Calls, Regulators Say

State regulators have found the Nebraska Republican Party and a political consulting firm liable for making illegal robocalls in a hotly...
 

Iowa's MidAmerican Energy Idles 46 Wind Turbines After Blades Break

Iowa-based electric utility MidAmerican Energy has idled nearly four dozen power-generating wind turbines after huge blades broke off of...
 
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Southeast

 

North Carolina Agency Owner Sentenced to 5.5 Years for $400K Loan Scheme

A North Carolina insurance agent has been sentenced to 5.5 years in prison in federal court after being found guilty of orchestrating a...
 

North Carolina Insurance Magnate Begins Prison Term

A North Carolina insurance magnate and prolific political donor has started serving a federal prison sentence for corruption-related...
 

USI Insurance Services to Acquire Findley of Tennessee

USI Insurance Services has entered into a definitive agreement to acquire Nashville, Tenn.-based Findley, Inc. Subject to customary...
 
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South Central

 

Photographer Sues Over Univ. of Texas Mascot's Pre-Sugar Bowl Charge

A photographer is suing the owners and handlers of the University of Texas' live mascot for negligence, saying he suffered permanent neck...
 

Traffic Crashes in Texas Energy-Producing Areas Continue to Increase

Texas transportation officials report that the number of traffic crashes in the energy-producing regions of Texas continues to rise. Last...
 

Dredge Scarcity Could Make Rebuilding Louisiana's Coast Slower, More Costly

Just as Louisiana begins an ambitious slate of projects to rebuild its crumbling coastline, the essential ingredients -- sea sand and...
 
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West

 

Monitor: PG&E in California Prioritized Targets Over Reducing Wildfire Risk

PG&E Corp. prioritized meeting inspection targets over meaningful reduction of wildfire risk, according to a monitor overseeing the...
 

Golden Bear in California Upgraded by AM Best

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to "a"...
 

California Trucking Firm Owners Charged in Alleged $450K Workers' Comp Fraud

Trucking company owners Hardip Singh, 44, and Amandeep Kaur, 36, were charged this week with multiple counts of insurance fraud after...
 

California Electrician Sentenced for Defrauding Workers' Comp Providers, Employers

Michael Ray Williams, 37, of Daly City, Calif., was sentenced to 60 days in county jail and three years formal probation after pleading...
 

MJ Insurance Names BridgePoint's Sargent Director of Personal Insurance in Arizona

MJ Insurance has named Leighann Sargent director of personal insurance. Sargent is based in Phoenix, Ariz., and will lead MJ's personal...
 
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International

 

Insurers Drop Appeal Against UK Court Ruling on 3 COVID Business Interruption Policies

Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three...
 

China's Ant Group Wins Final Nod from Securities Watchdog for $35B IPO

China's Ant Group has won the final nod from the country's top securities watchdog for the registration of its Shanghai offering, the...
 

Talanx Acquires Italian Non-Life Insurer Amissima

The Talanx Group, the Hanover, Germany-based insurance group, announced it is expanding its business in Italy by making a bolt-on...
 

Hurricane Epsilon, 10th of Season, Expected to Approach Bermuda Tonight

Hurricane Epsilon, the 10th of this very busy Atlantic season, was moving toward Bermuda on Wednesday. Epsilon is expected to make its...
 

Lloyd's Approves Syndicate-in-a-Box, Picnic Syndicate 2460, to Support Mutuals

Asta, the third-party managing agent at Lloyd's, announced the Council of Lloyd's granted in-principle approval for the launch of Picnic...
 

Argo Group Estimates $71M in Catastrophe, COVID Losses During Third Quarter

Argo Group International Holdings Ltd. announced that its results for the third quarter of 2020 will be adversely affected by estimated...
 

PartnerRe Appoints Hiscox's Hughes as CEO Third Party Capital

PartnerRe Ltd. announced that Andrew Hughes will join PartnerRe in the new role of CEO, Third Party Capital, subject to immigration...
 
More International News »
 
 
 
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Business Income Insurance Demystified
 
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Research and Webinars

 
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Your Guide to Insuring High Net Worth Individuals

High net worth individuals and their families --- those with liquid assets of more than $1 million -- have an extensive variety...
 
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Connectivity is key: How to bridge the gap between carriers, agents, and customers

Let's face it—the distribution channel has treated carriers, agents, and customers well in the past, but the digital world we...
 
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Unlocking Big Growth in Small Commercial

To say that the commercial insurance industry is experiencing a moment of massive, unprecedented transformation would be an...
 
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OSHA Top 10 eBook

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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EP. 11: Where Are All the Cannabis Lawsuits?

Remember the infamous McDonald's hot coffee lawsuit from the 1990s? If blazing java on a...
 
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Increasing Diversity All About Dollars... And Sense

George Woods, a senior exec with Guy Carpenter, is an intriguing guest. He's knowledgeable...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

Election Security: Retailers Board Up Stores Amid Fears Over More Civil Unrest

Posted: Wed Oct 21 -- RIOTS....IT'S RIOTS! Jack
 

California Pledges to Protect Homeowners from Insurer Withdrawals Due to Wildfires

Posted: Tue Oct 20 -- The commissioner can take three actions to improve the market. The first action is to allow markets to properly price the market quickly so... Observor
 

CDC Issues 'Strong Recommendation' for Mask-Wearing by All in Travel Settings

Posted: Tue Oct 20 -- I don't see why a NATIONAL health issue should not have a consistent NATIONAL response. It takes leadership to make the hard decisions, even... Caldude
 

Applied Underwriters Sues California Over 'Bad Faith' Insurer Conservatorship Plan

Posted: Wed Oct 21 -- This case is interesting although I do not know the details beyond the article. It appears that the company is financially sound and the... Observor
 

Battery Fires Make Headlines as Electric Vehicle Sales Take Off

Posted: Tue Oct 20 -- Electric Car Salesman: "You will love this car! It costs 30% more than a comparable gas-powered car. It runs on electricity from cheap... Craig Winston Cornell
 
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