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October 29, 2020
 
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National

 

How Much Insurance Groups Have Given to Trump, Biden and House, Senate Candidates

Democratic presidential candidate Joe Biden has received more funds from insurance industry political committees than President Donald...
 

Dozens of U.S. Hospitals Hit With String of Ransomware Attacks

Eastern European criminals are targeting dozens of U.S. hospitals with ransomware, and federal officials on Wednesday urged healthcare...
 

GM's Cruise on Top in Consumer Reports Safety Ratings of Driving Assistance Systems

General Motors Co.'s Super Cruise once again edged Tesla's Autopilot in an evaluation of 17 vehicles equipped with active driving...
 

Chubb Weathers $1 Billion in Catastrophes, Gains New Business in COVID Economy in 3Q

Chubb's net income grew by 9 percent in the 2020 third quarter, which CEO Evan Greenberg credited to rate hikes and improving...
 

AXIS Insurance, Kennedys Law Launch Marine Cyber Product

Specialty insurer AXIS Insurance and Kennedys Law have collaborated on services for AXIS' new marine cyber insurance product. This...
 

CoreLogic Engaged in Takeover Talks With CoStar, Warburg

CoreLogic Inc. is in discussions with CoStar Group Inc. and a consortium consisting of Warburg Pincus and GTCR about a potential...
 
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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...
 
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Huckleberry CEO: Digital Insurance Can Help SMB Customers Survive a Pandemic

Every small business has been hurt to some extent by the coronavirus pandemic. As the world of work slowly returns to...
 
More National News »
 
 
 
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East

 

Delaware Workers' Comp Rates Drop for Fourth Year in a Row

Delaware workers' compensation insurance rates will decrease for the fourth year in a row, effective December 1, 2020. This comes as the...
 

Boston Insurance Brokerage Expands Specialty Offerings; Fell to Lead New Division

Boston Insurance Brokerage (BIB) has announced an expansion of its specialty offerings to include Programs & Compliance. The new division...
 

Sompo International Names New York's Gundersen Head of Asian Risk Solutions

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed...
 
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Midwest

 

Illinois Governor Bans Indoor Dining in Chicago as Virus Cases Surge

Surging COVID-19 cases in Chicago has prompted Illinois Gov. J.B. Pritzker to ban indoor dining and bar services and limit the number of...
 

ReAlign Insurance Launches Summit Specialty Insurance in Nebraska

ReAlign Insurance Holdings LLC (ReAlign) has formed Summit Specialty Insurance Co. (Summit Specialty), a new surplus lines insurance...
 

Wisconsin DNR Wants to Raise Mining Fees, Require More Detailed Plans

Mining applicants would have to pay more for permits and licenses, supply more detailed plans to state regulators, and work around a new...
 

QBE NA Appoints Steinsdoerfer as Central Regional Underwriting Leader

QBE North America has hired Bobby Steinsdoerfer as senior vice president, regional underwriting leader - central region. Steinsdoerfer...
 
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Southeast

 

Fast-Moving Zeta Wallops Louisiana, Causes Blackouts Across South; Damages Could Hit $5B

Tropical Storm Zeta is spinning across the U.S. South after walloping New Orleans, blacking out 1.9 million homes and businesses and...
 

Florida Property Insurance Market Inches Closer to Crisis - Part 1

After years of warnings that the Florida property insurance market was heading towards an availability crisis, many in the industry say...
 

Florida Driving School Suspended for Providing Answers to License Test

A Florida driving school was suspended after investigators said it was providing correct answers to people taking a written driver...
 
More Southeast News »
 
 
 
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Business Income Insurance Demystified
 
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South Central

 

Americas Insurance Waiving Separate Deductible in Louisiana After Delta, Laura

Americas Insurance Company will be waiving a separate deductible for Hurricane Delta for Louisiana insureds that were impacted by both...
 

Louisiana Gov. Edwards Rejects Legislation Giving Lawmakers More Emergency Power

Gov. John Bel Edwards has vetoed the centerpiece bill of Louisiana's just-ended special session, a measure seeking to give lawmakers more...
 

Alliant Insurance Services Names Pierce Executive VP in Dallas

Steve Pierce, a construction risk management and alternative risk financing specialist, has joined Alliant Insurance Services as...
 

Hurricane Zeta Slams Louisiana With High Winds, Storm Surge

Oct 28 06:10 PM. Hurricane Zeta smashed into Louisiana on Wednesday with 110-mile-per-hour (175 kph) winds and what government trackers...
 
More South Central News »
 
 

West

 

Utility in California Slow to Pull Plug Before Wildfire Erupted

Facing extreme wildfire conditions this week that included hurricane-level winds, the main utility in Northern California cut power to...
 

Woodruff Sawyer Names McEvoy of Marsh Property Practice Leader in California

San Francisco, Calif.-based Woodruff Sawyer has named Mark McEvoy its property practice leader. McEvoy is based in San Francisco and will...
 

Insurers Again Battled Many California Bills, but a Fight Last Year Was Biggest Recent Victory

The election is nearly here, and while it's been quite a year all around, things could have been worse for the insurance industry. When...
 

California Claims Adjuster and Chiropractor Arrested in $1.6M Operation

Claims adjuster, Agop Sarafian, 65, of La Crescenta, Calif., and chiropractor, Shahe Topjian, D.C. 65, of Granada Hills, Calif., were...
 
More West News »
 
 

International

 

WHO to Form COVID Insurance Scheme for Vaccine Side-Effects in Poor Nations

BRUSSELS - A vaccine scheme co-led by the World Health Organization is setting up a compensation fund for people in poor nations who...
 

More Firms Need to Disclose Potential Financial Hit from Climate Change: Regulator

Too few companies specify their prospective financial hit from climate change under a voluntary global disclosure code that needs wider...
 

Facebook Faces UK Legal Action Involving Cambridge Analytica Scandal

Facebook Inc. risks being dragged into a UK legal dispute involving almost 1 million British users affected by the Cambridge Analytica...
 

Typhoon Molave Slams Vietnam, Killing at Least 16: News Report

Typhoon Molave hit Vietnam's central coastline and northern Central Highlands with winds of up to 133 kilometers per hour on Wednesday,...
 

New Storm Takes Aim at Philippines, Just Days After Devastation of Typhoon Molave

The Philippines is bracing for a new storm that will hit the Southeast Asian nation this weekend, days after Typhoon Molave left at least...
 

James River Names Former Allied World Executive D'Orazio as CEO, Succeeding Abram

James River Group Holdings Ltd. announced that Frank D'Orazio has been named chief executive officer of the company, effective Nov. 2,...
 
More International News »
 
 
 
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Understanding Business Income
 
Business income coverage is arguably one of the most important coverages your commercial clients should have. Get THE book on the subject.
 
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Insurance Journal Blogs and Columns

 

The Cincinnati Customer Care Center: Expand Your Team with Exceptional Service

New and mature agencies alike are benefiting from the service and support offered by The Cincinnati Insurance Companies' Customer Care...
 
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Research and Webinars

 
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Key Insights from 2020 Auto Insurance Consumer Shopping Study

Boost retention by reaching out at the right time with the right message. Auto insurance consumers are shopping more than ever...
 
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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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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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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...
 
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...
 
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New Discussions in the Forums

 

Questions on starting IA

Posted: Tue Oct 27 -- I agree 100%. Pick one or the other and rock it! gebhardt
 

ACV vs Rep Cost for leased property loss

Posted: Tue Oct 27 -- Was their an endorsement for the leased copier on the policy? Was it scheduled? gebhardt
 

CGL For Power Sport Rental Company-ID

Posted: Tue Oct 27 -- Did you ever find a place to put this? I would try RT Specialty but expect premiums to be at least 250k ++ gebhardt
 

Aggregators

Posted: Mon Oct 26 -- We've been with ASNOA for ~6 years and have been very happy with them. Mikerob7
 

How can a new agent obtain appointments?

Posted: Mon Oct 26 -- Joining an aggregator such as ASNOA is a good option. You do give up some of your commissions but in turn, you're receiving many more... Mikerob7
 

Workers comp ghost policy

Posted: Mon Oct 26 -- BTIS & NCCI are the only options I've seen for a ghost policy Mikerob7
 
Go To Forums »
 
 

Reader Comments

 

Insurer to Appeal Restaurants' Win in North Carolina COVID Business Interruption Case

Posted: Fri Oct 23 -- A bad decision from a local trial court judge running for re-election. If you read the decision, you can see commentary from the judge that... Bill
 

Lawsuit Alleges Uber Uses 'Biased' Rider Ratings to Fire Drivers

Posted: Tue Oct 27 -- 80% of Uber drivers are minority in California, I would bet at least 50% in other states. For pete sakes, it not like this is a white... Agency
 

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

Posted: Thu Oct 22 -- Law and order party... Caldude
 

FCC Says It Has Authority to Change Social Media Liability Shield

Posted: Thu Oct 22 -- What's really chilling about our future is how these monsters abuse people and over half the American public cheers them on for political... Craig Winston Cornell
 

Twitter, Facebook, Alphabet Executives to Defend Liability Shield Before Senate

Posted: Wed Oct 28 -- you're absolutely right, Yogi, the President (let me repeat that: THE PRESIDENT OF THE UNITED STATES OF AMERICA) should be free to retweet... steven
 
Go To Popular Comments »
 
 
 
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