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Today's Headlines

 
August 31, 2021
 
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National

 

U.S. Treasury Begins Inquiry Into Climate Risks in Insurance

The U.S. Department of the Treasury has announced that the Federal Insurance Office (FIO) is requesting information and soliciting public...
 

Chubb Unit Insurance Dispute Complicates Boy Scouts Abuse Victims' Deal

A dispute over whether a unit of insurance giant Chubb Ltd. must contribute to a trust fund for sexually abused Boy Scouts is...
 

Higher Rebuilding Prices Expected to Boost Hurricane Ida's Insurance Costs

Insurers are bracing for $15 billion to $30 billion in claims from Hurricane Ida, but the figure could jump higher, in part because of...
 

'Mission: Impossible' Movie Producer Sues Insurer Over 7 Coronavirus Stoppages

Production on the new "Mission: Impossible" movie was shut down seven times due to the coronavirus pandemic, according to a lawsuit filed...
 

Court Revives Bernie Madoff Customers' $343M Clawback Suit Against Citigroup

A U.S. appeals court said the trustee liquidating Bernard Madoff's firm can pursue a $343.1 million clawback lawsuit against Citigroup...
 

Insurers Need to Accelerate Exit From Oil & Gas Industry to Meet Climate Goals: Report

For the insurance industry to fulfill its stated commitment to combat climate change, it may want to accelerate its efforts to exit the oil...
 

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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Featured Events

 
Insurance AI and Innovative Tech USA 2021

Insurance AI and Innovative Tech USA 2021

September 14 / Virtual
 
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October 12 / Virtual
 
 
 

East

 

Connecticut Insurance Department to Host Conference on Climate Change, Insurance

The Connecticut Insurance Department and U.S. experts on climate change, resiliency, mitigation and adaptation are leading a discussion...
 

Massachusetts Contractor Faces $1.3M in Penalties After Workers Die at Dig Site

At a Boston sewer repair worksite in February, Jordy Alexander Castaneda Romero and Juan Carlos Figueroa Gutierrez died after a dump...
 

People Moves: New Hires at Buckle, Plymouth Rock Assurance

Buckle Appoints Sinclair to Newly Created Position of Chief People Officer Buckle, a tech-enabled financial services company, appointed...
 
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Midwest

 

People Moves: MJ Insurance Adds Bingham; Ashurst Joins Marsh in Chicago

MJ Insurance MJ Insurance, a risk management and employee benefits agency headquartered in Indianapolis, hired Julie Bingham as vice...
 

Fewer Virus Vaccinations Among Missouri Nursing Home Workers than Most States

Officials face a tall order to get all Missouri nursing home workers vaccinated because fewer than half of them have received the shots....
 

Confirmed Tornado Caused Damage in Southeastern South Dakota

A storm survey team from the National Weather Service in Sioux Falls, South Dakota, has confirmed it was a tornado that caused damage in...
 
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Southeast

 

North Carolina Regulators Find Chemours Plant Out of Compliance With Air Permit

North Carolina environmental regulators announced this week that a plant that for years discharged so-called "forever chemicals" into the...
 

Lawyer in Alabama Governor's Office Charged with Child Solicitation

MONTGOMERY, Ala. (AP) _ A lawyer in Alabama Gov. Kay Ivey's office was arrested on charges of using a computer to solicit or exploit a...
 

South Carolina Supreme Court to Hear Pair of Mask Mandate Lawsuits

South Carolina's highest court will hear two challenges to the state's refusal to let school districts require masks for students and...
 

Heavy Rainfall Expected Across Southeast Tuesday as Ida Weakens

Tropical Depression Ida is expected to cause considerable rainfall across the southeastern states Tuesday with flood and flash flood...
 
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South Central

 

Analysts Foresee Modest Economic Damage in U.S. From Ida; Peg Insured Losses at $10B

With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy,...
 

Second Insurance Business Transfer in U.S. Approved in Oklahoma

An Oklahoma court has approved Sentry Insurance Co.'s (Sentry) Insurance Business Transfer (IBT) Plan, insurance regulators say. This is...
 

Floods, Outages Stall Oil Companies' Efforts to Restart After Hurricane Ida

Widespread flooding from Hurricane Ida and power outages slowed efforts on Tuesday by energy firms to assess damages at oil production...
 
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Insurance Jobs

 

Corporate Claims Specialist - Asbestos and Environmental - PMA Campanies - Remote

 

Personal Lines CSR or Account Manager - Work At Home Vintage Experts - Remote

 

Director of Life Company - Missouri Farm Bureau Insurance - Jefferson City, Missouri

 

Commercial Lines CSR or Account Manager - Work At Home Vintage Experts - Remote

 

Assistant Product Manager - R&D/Actuarial - Mercury Insurance - Los Angeles, CA

 
 
 

West

 

Parents File Suit for Children Injured on Washington Tilt-A-Whirl Ride

The families of children who were injured on the Tilt-A-Whirl at the Kitsap County Fair in Washington in 2018 are suing the owner of the...
 

Couple Files Lawsuit Over Shooting of Dog That Ran at Colorado Officer

A couple whose young dog was shot by a police officer in a northern Colorado city has filed a lawsuit accusing the officer's supervisors...
 

People Moves: C3 in California Launches Construction Division with Heidemann, Hallett, Porlas, Shea

C3 Risk & Insurance Services in San Diego, Calif. hired four insurance industry veterans to establish new construction and surety...
 

Insurers Settle Washington Boys Home Sex Abuse Case for $9M

Insurance companies have settled another sexual abuse lawsuit brought against Kiwanis International, this time for $9 million in a case...
 
More West News »
 
 

International & Reinsurance

 

Japan Sees a Future in Crewless Cargo Ships as First Autonomous Trial Voyage Nears

In just two decades from now, half of all domestic ships plying Japan's coastal waters may be piloting themselves. That's the ambitious...
 

Ping An Insurance Denies Regulator Halted Sales of Alternative Investments

Ping An Insurance (Group) Co. denied that it has been ordered by regulators to halt sales of property-related alternative investments in...
 

Uber Proposes Gig Industry Benefits Model in Canada

Uber Technologies Inc. on Monday proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada...
 

Ascot Realigns Global Reinsurance With Launch of Ascot Re

HAMILTON, BERMUDA -- Ascot announced the launch of Ascot Reinsurance, a global platform dedicated to reinsurance underwriting and ceded...
 

Toyota to Restart Paralympic Village Driverless Vehicles Following Accident

Toyota Motor said on Monday it would resume operations of its self-driving e-Palette pods at the Tokyo Paralympic Games village with...
 

Pandemic Uncertainty Hasn't Slowed Private Equity Investments in Insurance: S&P Global

Private equity and venture capital firms have been pouring capital into insurance companies despite the uncertainties about claims and...
 
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Research and Webinars

 
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Achieve Rapid Agency Growth and Exceptional Client Experience with Data & Automation

Join us Wed. Sept. 22nd, 10 am PST, 1pm EST to learn how your agency can achieve rapid growth. Whitney Norcup, COO of Columbia...
 
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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...
 
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Getting in Sync with Your Commercial Haulers

Agents and brokers dealing with transportation clients should have a solid grasp on the pandemic induced developments impacting...
 
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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...
 
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Beyond Survival: Key Strategies to Thrive as an Independent Agent

We surveyed and interviewed independent agents from across the United States to understand the hurdles they face, the...
 
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Insurance Journal TV

 
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EP. 31: What Makes a Good Cannabis Broker? Horror Stories from The Experts

Here's a doozy: A broker hands an underwriter an application for a cannabis operation. No red...
 
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EP. 21: Pushing Boundaries: Are NFTs the Next Frontier for the Fine Art Market?

As anyone who works in insurance knows, technology is powerful enough to transform any...
 
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