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December 1, 2020
 
Today's Headline Sponsor: Berkshire Hathaway Specialty Insurance (BHSI)
 
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National

 

Bank Wins Suit Against Anbang Insurance After Ending Hotel Deal Due to Pandemic

South Korean investment bank Mirae Asset Daewoo Co. Ltd. and affiliates won a U.S. court case against Anbang Insurance Group, a court...
 

Insurers Looking Into Rise in Lawsuits Against Firms Over Lack of Diversity

U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits...
 

Nasdaq to Require Increased Board Diversity Disclosure by Listed Companies

Exchange operator Nasdaq has proposed new rules for listed companies around board diversity and disclosure. According to a filing with...
 

Human Nature Thwarts Widespread Use of Apps Tracking Coronavirus Exposure

The app builders had planned for pranksters, ensuring that only people with verified COVID-19 cases could trigger an alert. They'd...
 

Hyundai, Kia To Pay $210 Million U.S. Penalty for Failure to Recall Autos

Hyundai Motor Co. and Kia Motors' U.S. units on Friday agreed to a record $210 million civil penalty after U.S. auto safety regulators...
 

Judge Rejects Bayer's $648 Million PCB Contamination Proposal

A federal judge has rejected Bayer AG's proposed $648 million settlement of class-action litigation by cities and other claimants over...
 

Duke to Lead Expanded Actuarial, Analytics Practice at Xceedance

insurance consulting and technology firm Xceedance announced the expansion of its global actuarial and analytics services practice, led...
 

InsurTechs vs. Incumbents: Trends to Watch

Panelists speaking at a recent Carrier Management Virtual Roundtable agreed that InsurTechs are sprinting ahead of...
 
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East

 

University of Vermont Medical Center Continuing Cyber Attack Recovery

The University of Vermont Medical Center is continuing to recover from the cyber attack late last month that crippled access to...
 

D.C. Postpones All P/C Insurance Rate Increases During COVID Crisis

The Washington D.C. Department of Insurance, Securities and Banking (DISB) issued a new insurance bulletin to notify all property and...
 

World Insurance Associates Acquires Connecticut's Flanagan Associates

World Insurance Associates LLC (WIA) has acquired Flanagan Associates LLC of North Haven, Conn., on November 1, 2020. Terms of the...
 
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Midwest

 

Outlooks Revised to Positive for Bremen Farmers Mutual Insurance in Kansas

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term...
 

Consolino Named President, CEO of Newly Capitalized Core Specialty Insurance

Cincinnati, Ohio-based Core Specialty Insurance Holdings Inc. (Core Specialty) has completed its recapitalization of StarStone U.S....
 

Investigation Into Cause of Fire at Kansas Alcohol Plant Underway

Authorities say no one was hurt in an explosion and fire at a northeast Kansas distilling plant that was fined earlier this year over a...
 
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Southeast

 

North Carolina Regulator to Modify Moratorium on Lindberg Firms

A North Carolina Superior Court gave approval to the state's insurance regulator to modify the moratorium on insurance businessman Greg...
 

Black Firefighters in North Carolina Allege Racism Amid Larger Reckoning

They threw her new cellphone on the roof of the station house and placed nails under the wheels of her pickup truck. As she prepared to...
 

Closing Georgia Coal Ash Ponds Expected To Take 15 Years

The dewatering and closure of remaining coal ash ponds at a Georgia Power Co. plant in northwest Georgia will take 15 years to complete....
 
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Business Income Insurance Demystified
 
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South Central

 

Skyward Specialty Insurance Hires CNA's Childs to Lead Construction Business

Houston-based Skyward Specialty Insurance Group Inc. (Skyward Specialty) has added Rick Childs as senior vice president, Construction, to...
 

Louisiana Deputy Sues Ex-Judge Over Racial Slurs in Text Messages

A Black Louisiana sheriff's deputy has sued a white former judge, saying a racial slur in her private text messages defamed him and has...
 

Liquidation Requested for Texas Nonstandard Auto Insurer, ACCC

An application for an order of liquidation has been filed in a Travis County, Texas, district court for a Houston-based nonstandard auto...
 
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West

 

Washington Man Shot in Leg During Raid Gets $1.25M Settlement

The Pierce County Sheriff's Office in Washington has agreed to pay $1.25 million to a man who was shot in the knee by a deputy during a...
 

Virus Outbreak Reported Among Animals and Staff at Oregon Mink Farm

An Oregon mink farm has reported an outbreak of COVID-19 among animals and staff. The Statesman Journal reports the farm has been placed...
 

No Increase in Average Washington Workers' Comp in 2021

For the first time in two decades, Washington workers' compensation rates have dropped or stayed steady for four years in a row. The...
 

Marsh Names Aons' Quinteros to Lead Construction Practice in Los Angeles

Marsh has named Carlos Quinteros to lead its construction center in Los Angeles, Calif. Quinteros is responsible for delivering...
 
More West News »
 
 

International

 

Bank Wins Suit Against Anbang Insurance After Ending Hotel Deal Due to Pandemic

South Korean investment bank Mirae Asset Daewoo Co. Ltd. and affiliates won a U.S. court case against Anbang Insurance Group, a court...
 

Shell Faces Climate Change Lawsuit in Dutch Court

AMSTERDAM - Environmental activists took Royal Dutch Shell to court on Tuesday, demanding the energy firm drastically reduce the...
 

An Emerging Risk of COVID-19 Pandemic: Rusty Pilots Making Flying Errors

On Sept. 15, an Indonesian flight carrying 307 passengers and 11 crew to the northern city of Medan momentarily veered off the runway...
 

Private Equity Firm Cinven and Canada's BCI to Buy Legacy Specialist Compre

Cinven, an international private equity firm, and British Columbia Investment Management Corp. (BCI), one of Canada's largest...
 

AmWINS to Acquire Bermuda-Based International Specialty Brokers Ltd.

AmWINS Group Inc., a global distributor of specialty insurance products and services, announced it has signed a definitive agreement to...
 

No-Deal Brexit Is Still Possible with Trade Talks Remaining Snagged

A senior British minister said on Tuesday there was still a chance of a turbulent Brexit without a trade deal as talks with the European...
 

BHSI Hires Macfarlane to Lead Downstream Energy Property in Europe

Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding its capabilities in Europe to underwrite downstream energy...
 
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

 

3 Reasons Thanksgiving Dinner is Better Than an Insurance Policy

It's my normal M.O. in this blog to write a policy language, holiday edition this time of year, but this year I'd like to shift gears....
 
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Research and Webinars

 
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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...
 
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Three Ways to Thrive as an Insurance Agent in a Hard Market

The hard market is here and shows no signs of slowing down. While this period of the insurance cycle is often known as being the...
 
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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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Seismic Changes Ahead for D&O Insurance Segment

AM Best expects that the Directors and Officers (D&O) segment will soon undergo radical changes based on an examination of...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 2: Forget the Stars, Insurers are Shooting for the Cloud

Recent research shows that more insurers are taking advantage of cloud technology for data...
 
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EP. 14: What an Election Green Wave in Five States Means for the Industry, Insurers

Elections Part II Nov. 3 came and went, and while there's some still contentious feelings...
 
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Reader Comments

 

Starbucks Barista Who Declined to Wear Gay Pride T-Shirt Sues Over Firing

Posted: Wed Nov 25 -- I hope Fresse wins big against Starbucks. This definitely was illegal religious discrimination under federal civil rights law. Paul
 

Safety Group Lists Its Top 10 'Worst' Toys of This Holiday Season

Posted: Wed Nov 25 -- A few others: 11. Bag of Glass--comes with a warning label that says, "Kid, be careful: broken glass." 12. Invisible Pedestrian... rob
 

Road Rage Lawsuit Has Implications for Police Shootings: Opinion

Posted: Wed Nov 25 -- If those working for the police department don't understand the concept of reasonable use of deadly force for the purpose of self defense,... Oh Goody
 

Insurers Winning Most, But Not All, Covid-19 Business Interruption Lawsuits

Posted: Mon Nov 30 -- Insurers must be held accountable TO THE CONTRACT LANGUAGE ! Full stop ! That means that most, if not all of the BI claims triggered by the... Barry Rabkin
 

Trials Delayed, Cases Pile Up as Too Few Jurors Show Up Amid Coronavirus

Posted: Mon Nov 30 -- I live in the DFW area, Dallas County. When called for jury duty, the central jury room usually has close to 1000 people on a Monday. I... TxLady
 
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