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Today's Headlines

 
April 26, 2022
 
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National

 

81% of Flood Insurance Policyholders Will See Rate Increases, Report Says

When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April,...
 

People Moves: Quigley Ascot's Surety Lead; Olson Named Zurich N.A. Head of Programs

Quigley Named Ascot's Head of Surety Ascot appointed Tara Quigley executive vice president and head of Surety. She will be responsible...
 

Climate Votes Fought by Major Oil Companies Get Key Backing

An investor-led push for major oil companies to set climate goals in line with the Paris agreement won support from a key proxy advisory...
 

Boys Scouts Bankruptcy Judge Approves Sale of BSA Warehouse

The judge presiding over the Boy Scouts of America bankruptcy has approved the organization's request to sell its warehouse and...
 

Two-Thirds of Employees Might Seek New Jobs if Forced Back to Office: Global Survey

Worker demands for more flexibility and security, bolstered by the pandemic and a tight labor market, are only growing more intense as...
 

Employers Adapting to New World of Worries

Insurers Seek Policies on Diversity, Pay Equity, Social Media, COVID, Even Facial Scans The past few years have been filled with newer...
 

Reimagining Restaurants and Risk

Supply shortages, rising inflation, higher food costs and labor shortages, along with the COVID-19 pandemic, are challenging the food...
 

How the Insurance Industry Can Tame Social Inflation

Insurance carriers, are you and your defense counsel ready for the "perfect storm" of litigation that is coming once the...
 
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East

 

Massachusetts Approves 3.5% Workers' Compensation Rate Decrease

The state's insurance commissioner has approved an overall average decrease of 3.46% in workers' compensation rates starting July 1, 2022...
 

A Decade After Murder Conviction, Civil Trial Begins in Death of Virginia Lacrosse Player

A decade ago, University of Virginia lacrosse player George Huguely V was convicted of second-degree murder after a sensational criminal...
 

People Moves: Henderson Brothers Promotes 2; Resilience Adds Aon's Thompson

Pittsburgh's Henderson Brothers Promotes Two Veterans for New Roles Greater Pittsburg insurance agency Henderson Brothers announced two...
 
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Midwest

 

Iowa Court Finds No Coverage for COVID Income Loss in 2 Decisions

The Iowa Supreme Court last week ruled in two separate decisions that COVID-19 did not cause a physical loss or damage that would allow a...
 

National Guard Called Up to Help NW Minnesota Flood Threat

Volunteers and National Guard members in northwestern Minnesota spent two days sandbagging to fortify the city of Crookston from an...
 

Ohio's FirstEnergy Settles Ratepayer Lawsuits for $37M

FirstEnergy Corp. has settled four ratepayer lawsuits filed after the utility giant became ensnared in a $60 million bribery scheme to...
 
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Southeast

 

Premiums for Florida Cat Fund to Jump 12% This Year, Report Shows

Premiums paid to the Florida Hurricane Catastrophe Fund are expected to increase by more than 12% later this year, giving new urgency to...
 

Florida Appeals Court: Pre-Suit Notices Required in AOB Cases After July 2019

In a decision that's being called a win for insurers, Florida's 4th District Court of Appeals held last week that the statutory notice of...
 

Rule Aims to Make Florida Electricity 100% Renewable by 2050

Florida utilities would gradually increase their electricity to 100% renewable by 2050 under a proposed rule unveiled Thursday by the...
 

Carolina People: Owens Agency Promotes One, NC DOI Elevates Three

Owens Promotes Johnson Owens Insurance Agency, based in Greer, South Carolina, has promoted Sandra Johnson to be director of operations....
 
More Southeast News »
 
 

Insurance Jobs

 

Regional Director, Mergers and Acquisitions - First MainStreet Insurance a division of TrueNorth - Midwest (WI, MN, IL, NE, MO, KS)

 

Mason Claim Service Business Development Manager - Mason Claims Services, Inc - Remote

 

MGA / Wholesale - Underwriting Assistant - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Surplus Lines Tax Filings / Compliance - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Commercial Lines Account Manager/CSR - Morgan & Bartlett, Baggett & Shands Insurance Agency - Lufkin, TX

 
 
 

South Central

 

Louisiana Houses Passes Bill Broadening Loss of Use Coverage Scenarios

The Louisiana House passed a bill Monday that would broaden the requirements of when insurers have to pay loss of use coverage in...
 

Louisiana Highway Crash Knocks Out Power to 2,000

Authorities say a man is dead after his truck crashed into a utility pole on a Louisiana highway. Louisiana State Police say the...
 

Oklahoma Insurance Department Plans Captive & IBT Conference

The Oklahoma Insurance Department (OID) announced it will host the inaugural Captive & Insurance Business Transfer (IBT) Conference in...
 
More South Central News »
 
 

West

 

Lawsuit in California Says Warnings Were Ignored Before Children's Slayings

The father of three children who were allegedly killed by their mother last year has filed a lawsuit against the city and county of Los...
 

Popular Garlic Festival in California Canceled over Insurance, Pandemic

This year's edition of California's beloved Gilroy Garlic Festival has been canceled and the annual event's future is uncertain,...
 

Worker Died of COVID After Staff Meeting at Washington Business

An investigation into the COVID-19 death of a worker at a Sumner, Washington, fish processing plant found company leaders knowingly...
 
More West News »
 
 
 
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International & Reinsurance

 

London Market Continues to Benefit From Rising Rates and Other Tailwinds: AM Best

Upward premium rate momentum is expected to continue support underlying performance for the London market, despite mounting challenges...
 

Credit Suisse Investors Push for Faster Climate Action

A group of Credit Suisse investors pushing for faster climate action at the Swiss bank has more than doubled in size, raising pressure on...
 

Two-Thirds of Employees Might Seek New Jobs if Forced Back to Office: Global Survey

Worker demands for more flexibility and security, bolstered by the pandemic and a tight labor market, are only growing more intense as...
 

Generali Investor Deka Will Vote for Current Management, Led by CEO Donnet

Generali investor Deka Investment will vote in favor of current management led by chief executive Philippe Donnet, the asset manager's...
 

Ferrari to Recall 2,222 Cars in China Over Potential Braking Fault

Luxury sports car maker Ferrari will recall 2,222 cars in China due to a potential fault in its braking systems, China's market regulator...
 

People Moves: Lockton Restructures Int'l Leadership; MGA Arcadian Promotes Barna for Transactional Liability; McGill and Partners Hires DARAG's Hill for Structured Solutions

This edition of International People Moves details appointments at brokers Lockton and McGill and Partners as well as the Bermuda MGA...
 
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Insurance Journal Blogs and Columns

 

I Don't Blame Vyrd. I Blame the System.

I had planned to write and try and answer the question, how can Demotech give a brand-new company (Florida newcomer, Vyrd Insurance) an A...
 
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Research and Webinars

 
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It's Shaping Up to Be the Best E&S Lines Market in U.S. History

It's shaping up to be the best E&S lines market in U.S. history. Are you realizing the benefits? In this whitepaper, we'll...
 
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Amidst a Widespread Microchip Shortage, Real-Time Insurance Reporting is a Must

Entering into another year of unpredictability in the global supply chain, the shortage of automobile semiconductor chips —...
 
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Innovative Strategies & Processes to Personalize Customer Experience

Hear from Nationwide and Salesforce about innovative strategies and processes to personalize the customer experience. Owning...
 
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Beyond Burnout-Redefining a New Era in the Work Place

In a new report, Beyond Burnout—Redefining a New Era in the Work Place, Cake & Arrow gets to the heart of how people's...
 
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Worried about the insurance producer talent gap?

Wasting time on repetitive producer management tasks is limiting your ability to grow quickly. Read this whitepaper from...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 46: You've Heard it Before, So Here it is Again: D&O is a Tough Pill for Cannabis

Directors and officers is a tough line of business, no matter what industry is footing the...
 
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EP. 35: Creating Harmony: What Cyber, Insurance Pros Can Learn from Music

Music may not be the first thing that comes to mind when considering the cybersecurity and...
 
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