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Today's Headlines

 
October 28, 2021
 
Today's Headline Sponsor: ProSight Specialty Insurance
 
 
 
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What to Look for in your Crane Program
 
Jake Morin, AVP, ProSight's Crane Program and Rikki Concannon, Brokerage Services Manager, Ascinsure talk about the dos and don'ts of crane insurance.
 
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National

 

Legal, Insurance, Safety Issues Swirl Around 'Rust' Movie Set Shooting

Alec Baldwin the actor, who pulled the trigger on a prop gun while filming "Rust" in New Mexico and unwittingly killed a cinematographer...
 

For Home Insurers, Weather Proves More Costly While COVID Measures Lower Claims

Catastrophic weather events such as wildfires, hurricanes and floods caused 39% of home insurance claims in 2020 - the highest percentage...
 

Report Finds Meat Plant Workers' COVID Cases Much Higher Than Previous Estimates

Workers at the leading U.S. meatpacking plants experienced cases and death from COVID-19 that were up to three times previous estimates,...
 

Kemper $17.6M Data Breach Settlement Wins Preliminary Court Approval

Kemper Insurance has won preliminary approval of its $17.6 million proposal to settle a class action stemming from two data breaches....
 

A Matter of National Security: Compliance with Foreign Assets Control Regulations

Many in the insurance space are blind to the fact that the Office of Foreign Assets Control (OFAC) is lurking in the shadows. A federal...
 

Reinsurance Price Increases Support Improving Outlook for Sector: Fitch

Reinsurers' plans to continue raising premium rates during the January 2022 renewals are likely to contribute to stronger profitability...
 

Global Minimum Tax Proposal Could Create Double Taxation for Some Insurers: AM Best

Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on certain...
 

Understanding Social Inflation and What To Do About It

Social inflation has become the buzzword in insurance in recent years, and the exact definition, causes, impact and...
 
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East

 

Keystone Agency Partners Appoints Big I's Rusbuldt as First Independent Board Member

Keystone Agency Partners, an independent insurance agency partnership platform, appointed insurance industry veteran Robert A. Rusbuldt...
 

Three Teens Accused of Setting Maine Fire Facing Felony Murder Charge

Three teenagers accused of starting a fatal apartment building fire in Maine have been charged with felony murder, officials said. Two...
 

Suit Claims Trucker in Pennsylvania Crash Wore Noise-Canceling Headphones

Victims of a crash on the Pennsylvania Turnpike that killed five people and hurt nearly all the dozens of passengers on a bus nearly two...
 
More East News »
 
 
 
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Midwest

 

Illinois Engine Firm to Cut NOx Emissions, Pay $52M in Clear Air Act Settlement

Navistar Inc., an integrated manufacturer of trucks and diesel engines based in Lisle, Illinois, has agreed to mitigate at least 10,000...
 

Judge Dismisses More Unsettled Lawsuits Over Sex Abuse by Ohio State Doctor

A federal judge on Monday dismissed more of the unsettled lawsuits filed by men who say Ohio State University failed to stop sexual abuse...
 

Minnesota Furniture Retailer Fined $60,000 for Denying Hire to Transgender Applicant

Frizzell Furniture, a furniture retailer with locations in northern Minnesota, has agreed to pay $60,000 and has committed to providing...
 
More Midwest News »
 
 
 
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Leverage Tech to Drive Profitability
 
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Southeast

 

Florida Posts New Workers' Comp Doctor Reimbursement, But Lawmakers Must Review

The Florida Division of Workers' Compensation has adopted a new reimbursement manual, governing fee schedules and payments to doctors and...
 

Georgia to Hold Hearing on Insurance Rule Changes

The Georgia insurance commissioner is proposing a wide range of rule changes for insurance and fire safety. A hearing will be held Nov....
 

JKJ Merges with Witherspoon on Scuba and Marine Insurance

Johnson, Kendall & Johnson, an insurance brokerage firm, has merged with Tennessee-based Witherspoon & Associates to offer expanded...
 
More Southeast News »
 
 
 
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South Central

 

Judge Rejects Southwest Airlines Pilots' Bid to Block COVID-19 Vaccine Mandate

A federal judge has rejected a bid by pilots to block Southwest Airlines from imposing a vaccine mandate, saying the Dallas-based airline...
 

Johnson & Johnson Reaches $290M Texas Opioid Settlement

Texas Attorney General Ken Paxton announced a $290 million statewide opioid settlement agreement with Johnson & Johnson to resolve...
 

FEMA Extends Deadline to Apply for Hurricane Ida Assistance to Nov. 29

Louisiana residents seeking disaster aid from Hurricane Ida now have until Nov. 29 to apply for assistance. The Federal Emergency...
 
More South Central News »
 
 

Insurance Jobs

 

Property Claims Adjuster - DH Adjusting - Greater Los Angeles Area, CA

 

Regional Marketing Director – Business Development - Deans & Homer - California

 

Regional Account Manager - Northwest - Temporary Accommodations - Location: Based in Seattle or Portland (travel expectations 50% - 60%)

 

Experienced Non Standard Auto Insurance Claims Adjuster (Remote Position) - American Freedom Insurance Company - Remote

 

Business Development Executive - Rhode Island (REMOTE) - Main Street America Insurance - Rhode Island (Remote)

 
 
 

West

 

Unlicensed California Insurance Agent Arraigned in $1.4M Workers' Comp Fraud Scheme

Unlicensed insurance agent Karyl Lynn Reed, 57, formerly of Cosa Mesa, Calif., was arraigned this week on multiple felony counts of grand...
 

California Still in Deep Drought Despite Big Storm

The deluge California received from a powerful atmospheric river made streams and waterfalls come alive while coating mountains with...
 

$5M in Grants Released to Help California Homeowners Prep for Quakes

California's Earthquake Brace + Bolt grant program is expanding, and it now includes 395 ZIP Codes where qualifying homeowners can get up...
 

California Labor Commissioner Cites Drywall Company $7.2M for Wage Theft

The California Labor Commissioner's office cited NGC Construction Inc. $7.2 million for wage theft violations affecting 724 workers. An...
 
More West News »
 
 

International & Reinsurance

 

Lloyd's Ups Climate Pledge, Vows to Push Members on Net Zero: Reuters

Lloyd's of London said on Thursday it would join peers in scaling up efforts to cut carbon emissions and push members of the commercial...
 

EU Cybersecurity Agency Warns of Threat From Hackers-for-Hire

Hackers-for-hire emerged as the biggest threat to online security in the last 15 months, with the COVID-19 pandemic and home working...
 

Reinsurers Increasingly Using ILS to Transfer Risks

Reinsurers are increasingly relying on third-party capital to support their retrocession needs, in which they transfer risks they have...
 

La Banque Postale Plans to Buy French Insurer CNP

PARIS -- The banking arm of French mail operator La Poste is planning to buy banking group BPCE's stake in French insurer CNP, the...
 

UN Proposes Net Zero Verification Standard for Corporate Climate Claims

A U.N.-backed body launched a scheme to verify corporates' net zero strategies on Thursday that is likely to become a standard for...
 

Global $10.5B Insurtech Funding Train Leaving Many Startups Behind, WTW Advises

While global investment in insurtechs continues to rise, not all insurtechs are benefitting. Rather, much of the funding is focused on a...
 
More International & Reinsurance News »
 
 

Insurance Journal Blogs and Columns

 

How Insurers Can Better Prepare for Wildfire

This post is part of a series sponsored by CoreLogic. Nine of the 20 largest wildfires in California have occurred since 2020, including...
 

Regulatory Changes are Inevitable: Falling Behind on Your Producer Compliance Doesn't Have to Happen

This post is part of a series sponsored by AgentSync. Question: If each state is responsible for regulating its own insurance industry,...
 
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Research and Webinars

 
research

6 Ways to Launch a Winning Digital Experience

Technology innovation has been shaping the way clients and staff expect businesses to behave for years, but it's important now...
 
research

Your Involvement Makes a Difference During Disaster

Your response to a client's disaster is the key to customer satisfaction, retention, and referrals. Insurance providers need a...
 
research

Rethink Your Agency Operations – 5 Levers for More Business Growth & Profitability

ReSource Pro offers five in-demand solutions for more unique business growth and profitability: Growth Solutions Policy...
 
research

Mobile Telematics: The solution to driving your business forward.

Are you still using Credit Score to assess risk? Move beyond legacy methods of assessing risk with proven insurance solutions...
 
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State of the Market - Second and Third Quarter, 2021

It goes without saying, the last two years have not been easy. We have experienced some of the hardest market conditions most of...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP.35: Will Cannabis Legalization, or Safe Banking Pass This Year?

It's part of just about every cannabis conversation: "Hey, it looks like we're close to seeing...
 
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EP.25: These Women Are Fighting Cyber Crime and Cybersecurity's Gender Divide

Growing ransomware attacks aren't the only issue concerning the cybersecurity industry today,...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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