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Today's Headlines

 
April 20, 2021
 
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National

 

Lemonade Revving Up to Enter Car Insurance Market

Lemonade, the insurance company that uses artificial intelligence and behavioral economics, plans to add car insurance to its current...
 

Travelers Is 'Off to a Terrific Start' in 2021 with Q1 Results

The Travelers Companies reported net income of $733 million for the first quarter of 2021, compared to $600 million in the prior year...
 

Insurers Report Estimated Q1 Catastrophe Losses

Carriers are starting to report their pretax catastrophe loss estimates for the 2021 first quarter, and the numbers are significant....
 

People Moves: 2 From Willis to Lead Marsh Government Practice; CNA's Robb Heads BHSI's Cyber

Insurance broker Marsh announced that Steven Capace and Bryan Salek have joined the firm to co-lead its U.S. Government Contracting...
 

Digital E&S Broker Pathpoint Releases Lessor's Risk Commercial Package

Pathpoint, a digital excess and surplus lines insurance distributor, has launched its Lessor's Risk Only (LRO) Commercial Package for...
 

How Meatpacking Plants' COVID-19 Cases Hurt Counties

An estimated 334,000 COVID-19 cases are attributable to meatpacking plants, resulting in $11.2 billion in economic damage, according to a...
 

With Claims Rising, Cyber Insurers Need More Than Sizable Rate Increases: Fitch

Cyber insurance underwriters are reporting substantially higher claims losses in 2020 than in prior years and as a result face increasing...
 

Emerging Pandemic Risks From Covid, Cyber, Civil Unrest, Mergers, and More... Part 2

Insurance Journal examined industries experiencing changes and challenges due to the COVID-19 pandemic, societal unrest and other market...
 

How Insurers Can Tap Into the Peloton Phenomenon to Motivate Employees

Fitness enthusiasts have become obsessed with motivational apps and technology like the Peloton and Apple Watch...
 
More National News »
 
 
 
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East

 

Massachusetts Shoe Company Exec to Plead Guilty to Embezzling $30M

A former top executive at a Massachusetts-based shoe manufacturer has agreed to plead guilty to embezzling $30 million from the company,...
 

Owner, Builder of Solar Array Fined for Polluting Massachusetts Brook

A New Jersey solar energy company and utility Eversource have agreed to pay up to $310,000 in state fines to Massachusetts for allegedly...
 

People Moves: The Hartford's McKenna to Falvey; Safety National Hires Kostro

Falvey Insurance Group Appoints McKenna as Chief Underwriting Officer Falvey Insurance Group has hired Mike McKenna, formerly of The...
 
More East News »
 
 
 
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Midwest

 

Insurer to Pay $8M Settlement in Suit by Black Man Paralyzed by Iowa Officer

An insurance company for the City of Cedar Rapids, Iowa, will pay $8 million to a Black motorist who was paralyzed after a white police...
 

Wisconsin Food Plant Worker Sues ConAgra After Contracting COVID-19

A food plant employee is suing his Walworth County, Wisconsin, employer alleging he contracted the coronavirus at work and infected his...
 

Minnesota Restaurant/Bar to Pay $15K for Executive Order Violations

A Minnesota bar and restaurant will pay $15,000 to settle a lawsuit over violations of the governor's COVID-19 restrictions orders....
 
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Southeast

 

Florida Drives Toward Repeal of Motor Vehicle No-Fault Law

After many years of trying, Florida is closer than ever to repealing its 50-year-old motor vehicle no-fault law. However, many industry...
 

Insurer for Georgia City to Pay $1.7M to Business Owner in Harassment Suit

A suburban Atlanta barbecue restaurant owner will get $1.7 million to settle a federal lawsuit claiming he was harassed by government...
 

Trial Date Set to Decide Damages in Case Against Opioid Manufacturer

A Tennessee judge has set a July 26 start for a trial to decide damages against an opioid manufacturer in a lawsuit over the company's...
 

70 Homes Across Mississippi Damaged by 4 Tornadoes

Four tornadoes that moved across Mississippi earlier this month caused damage to around 70 homes, emergency officials said Thursday. Four...
 
More Southeast News »
 
 
 
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South Central

 

Louisiana Bills Promote Private Flood Insurance, Target Staged Accidents

Louisiana insurance regulators have proposed separate pieces of legislation that would promote the writing of private flood insurance in...
 

First United Insurance Division Rebrands as Unity Insurance Partners

Unity Insurance Partners is now the name of the insurance division at Plano, Texas-based financial services firm, First United. First...
 

Insurers Have Paid Nearly $1.7B Property, Auto Claims from Texas Winter Storm

As of late March, Texas policyholders had filed 386,108 property and auto insurance claims related to the winter storm that blanketed the...
 

Police to Demand Texas Tesla Crash Data; Musk Denies Autopilot Use

Texas police will serve search warrants on Tesla Inc. on Tuesday, April 20, to secure data from a vehicle that crashed on the weekend,...
 
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West

 

Oregon Considering Indefinite Mask Rules for Workers

As states around the country lift COVID-19 restrictions, Oregon is poised to go the opposite direction - and many residents are fuming...
 

Arizona Utility Portal Back up Following Cyberattack

The utility billing citizen self-service online portal for Kingman, Ariz., is once again fully functional following a cyberattack two...
 

California Legislature Oks Bill Requiring Hospitality Businesses to Rehire Displaced Workers

Now that Gov. Gavin Newsom is letting more businesses reopen as coronavirus cases decline, the California Legislature on has passed a...
 

California Welder Arraigned on Felony Workers' Comp Fraud Charges

Ahmad Zaki Noori, 41, of Sacramento, Calif., was arraigned on two felony counts of workers' compensation insurance fraud after allegedly...
 
More West News »
 
 
 
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International & Reinsurance

 

South Africa to Launch Compensation Fund to Allay Vaccine Makers' Liability Concerns

JOHANNESBURG - The South African government's compensation fund to cover potential injuries from COVID-19 vaccines could cost around 250...
 

Hungary's Surprise Veto of $1B Aegon Deal with Vienna Insurance Sparks Dutch Outcry

The Dutch government has raised concerns with Hungarian officials after a decision in Budapest to block the sale of Aegon NV's local unit...
 

ABN AMRO Agrees to Pay $574M Fine for Failing to Tackle Money Laundering

THE HAGUE, Netherlands - ABN AMRO has agreed to pay 480 million euros ($574 million) as part of a settlement with prosecutors who accused...
 

Kenya Startup Pula Offers Insurance to African Farmers Hit by Effects of Climate Change

KITUI, Kenya - When Kenyan farmer Waki Munyalo's crop of lentils shrank by three quarters last year because of unusually low rainfall,...
 

Broker Howden Launches Retail Operation in Switzerland, with Aon's Jenny as CEO

Howden, the London-based insurance broker, announced that it has appointed Felix Jenny to lead its new retail operation in Switzerland....
 

UK Car Insurance Premiums Drop to Lowest Level Since 2015: WTW Survey

The cost of a comprehensive car insurance policy in Britain slumped 14% in the first quarter of 2021, to their lowest level since 2015,...
 

Everest Re Estimates Q1 2021 Catastrophe Losses of $260 Million

Bermuda-based Everest Re Group Ltd. estimates pre-tax catastrophe losses for the first quarter of $260 million. Breaking down that total,...
 

Price Forbes Aviation Launches Digital General Aviation Facility

Price Forbes announced the launch of a digital general aviation facility that will quote and bind risks with a leading Lloyd's syndicate...
 
More International & Reinsurance News »
 
 
 
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Insurance Jobs

 

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

 

Protect your clients from common employee crime schemes

The U.S. economy is bouncing back from the COVID-19 recession faster than anticipated. But the recovery is uneven. While some businesses...
 

Is It M for Thousand and MM for Million, or K for Thousand and M for Million? I'm Asking for a Friend

This post is part of a series sponsored by Old Republic Surety. If you're confused about the letter designations that stand for thousands...
 
More Blogs »
 
 

Research and Webinars

 
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COVID-19 Impact: Guide to Insuring Emerging Risks Facing Nonprofits

Discover forward-thinking approaches to address the emerging risks challenging your nonprofit clients and prospects. Nonprofits...
 
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Loss Control: Raising the Bar for Commercial Auto

Loss control is one of the most underutilized services by agents and brokers in the commercial auto industry.  Understanding...
 
research

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...
 
research

How to Adopt the 'Always-On' Growth Model

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

Improving Commercial Auto with Technology

Video and telematics technology can be a significant benefit to your clients. Understanding the true value of technology...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 21: Menu for Cannabis Insurance Buyers is an A la carte Affair

When you see the term à la carte on a menu, at, say a steakhouse, you know you'll be dropping...
 
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EP. 11: What the 'New Normal' Means for Cyber Insurers, Coverage

More than a year has passed since pandemic-related government restrictions began, causing many...
 
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Reader Comments

 

White House Rushes to Strengthen Security of U.S. Power Grid as Hacking Threats Grow

Posted: Thu Apr 15 -- Meanwhile, back in Texas the power grid gets hacked by … winter. John Dough
 

U.S. Recommends Pausing Use of J&J COVID Vaccine over Rare Blood Clots

Posted: Tue Apr 13 -- I'm glad J&J is being paused for further investigation, but let's just keep in mind: 4,000,000 J&J doses administered 6 people have this... Rosenblatt
 

Texas House OKs Bill Allowing Carrying of Handguns in Public Without Permit

Posted: Mon Apr 19 -- "Texas handgun owners would no longer need a license or training...." If you need a license and training to operate a vehicle, you should... Rosenblatt
 

Chubb CEO Greenberg Reiterates Call for Litigation Reform

Posted: Wed Apr 14 -- Some view a lawsuit or chance of a big settlement as the last frontier. They don't care about where the funds are derived from. knowall
 

Church Official Warns of Financial Flood from Clergy Sex Abuse Claims

Posted: Tue Apr 13 -- They have the gall to fundraise from their parishioners? Why doesn't the Vatican pay for this? Had I been one of this flock in the first... curious
 
Go To Popular Comments »
 
 
 
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