Insurance Journal
 
 

Today's Headlines

 
December 15, 2020
 
Today's Headline Sponsor: Berkshire Hathaway Specialty Insurance (BHSI)
 
Sponsored by: Berkshire Hathaway Specialty Insurance. Claims is Our Product. Click here for more information.
 
 

National

 

FDA Appears Close to Approving 'Highly Effective' Moderna COVID-19 Vaccine

Moderna Inc.'s COVID-19 vaccine appeared to be set for regulatory authorization this week after U.S. Food and Drug Administration staff...
 

Aon's $30B Bid for Willis Towers Watson Faces EU Probe: Reuters

BRUSSELS - Aon's $30 billion bid for Willis Towers to create the world's largest insurance broker faces a full-scale investigation...
 

Argo Ex-CEO Watson to Pay $450K to SEC for Not Disclosing $5.3M in Personal Perks

The Securities and Exchange Commission has settled with former Argo Group chief executive officer and president Mark Watson III over his...
 

Bipartisan COVID-19 Plan Helps Businesses, Unemployed; Splits State Aid, Liability Shield

A bipartisan group of lawmakers released proposed Covid-19 relief legislation that may provide momentum for breaking a months-long...
 

District Attorney Questions Deutsche Bank, Aon Employees Over Trump Organization

Prosecutors from the office of Manhattan District Attorney Cyrus Vance Jr. have interviewed employees of Deutsche Bank and insurance...
 

Philadelphia Insurance Promotes Glomb to CEO; O'Leary Continues as Chairman

Philadelphia Insurance Companies announced that after 38 years with the company, Bob O'Leary will step aside as chief executive officer...
 

Suspected Russian Cyber Espionage Has U.S. Government, Businesses Scrambling

The U.S. Department of Homeland Security and thousands of businesses scrambled Monday to investigate and respond to a sweeping hacking...
 

Frequency of Cyber Events Targeting Businesses Increasing: Travelers

Nearly one in four respondents (22%) out of more than 1,200 business leaders surveyed in 2020 Travelers' Cyber Risk Index said their firm...
 

A Time to Shine: How Insurance CROs Stepped Up to COVID

At a time of great crisis, chief risk officers have stepped forward to bring their unique skillsets to bear in assessing...
 
More National News »
 
 

East

 

Vermont Hospital Cyber Attack Cost Estimated at $1.5M a Day

A late October cyber attack on the computer systems of the University of Vermont Medical Center is costing the hospital about $1.5...
 

Arthur J. Gallagher & Co. Acquires Pennsylvania's Premier Brokerage Services

Arthur J. Gallagher & Co. has acquired Jenkintown, Penn.-based Premier Brokerage Services Inc. Terms of the transaction were not...
 

Boston Insurance Brokerage Hires Gabriel to Healthcare Professional Team

Boston Insurance Brokerage LLC (BIB) has hired Alex Gabriel to its Healthcare Professional Team. He will be working to grow business out...
 
More East News »
 
 
 
Advertisement
 
adv
 
Learn how Insurers are Adapting to Evolving Needs with Rapid Innovation
 
Hear from Pacific Life Insurance and Altas Insurance as they discuss changes with their business and showcase how Salesforce + Vlocity has helped them quickly adapt.
 
Watch Webinar Now
 
 
 

Midwest

 

Iowa Insurance Agent Fined $18K, Loses License Over Fraudulent, Dishonest Practices

An Iowa insurance agent has been ordered to pay $18,000 in civil penalties and relinquish her producer's license over fraudulent and...
 

Diessner Promoted to Executive VP at Minnesota's Kraus-Anderson Insurance

Kraus-Anderson Insurance in Burnsville, Minn., has promoted Jon Diessner to executive vice president. Diessner will oversee the agency's...
 

Indiana School District Pay $70K to Resolve Disability, Age Discrimination Case

An Indiana school district will pay up to $70,000 and furnish other relief to resolve a federal disability and age discrimination charge,...
 
More Midwest News »
 
 
 
adv
 
Business Income Insurance Demystified
 
Business income coverage is arguably one of the most important coverages your commercial clients should have. Get THE book on the subject.
 
Get the Book
 
Insurance Journal's Academy of Insurance
 
 
 
 

Southeast

 

Voter-Approved Mississippi Medical Marijuana Program Threatened by Lawsuit

A court fight threatens to block a Mississippi medical marijuana program before the program even gets started. Voters on Nov. 3 approved...
 

Vertus, Zurich Expand Deductible Buy-Back Coverage into Alabama, Miss.

Vertus Insurance Partners and Zurich North America have expanded the Cat4Home deductible buy-back insurance product to customers in...
 

Florida School District Drops Request for Parkland Parents' Social Media Posts

A Florida school district abruptly dropped its request Thursday that the families of students and staff slain in a 2018 high school...
 
More Southeast News »
 
 

South Central

 

Judge OKs Plan for Settling Hurricane Damage Lawsuits Against Insurers in Louisiana

A federal judge in western Louisiana has approved a plan on how to settle thousands of lawsuits expected to be filed against insurance...
 

Wright National Launches Admitted Residential Flood Insurance Product in Texas

Wright National Flood Insurance Services has introduced an exclusive, admitted, stand-alone flood product in Texas: Wright Residential...
 

Hull & Company Acquires Assets of South & Western General Agency in Texas

Hull & Company LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all the assets of Addison, Texas-based South & Western...
 
More South Central News »
 
 

West

 

California Seeks Court Help With Investigation of Amazon Coronavirus Policies

California Attorney General Xavier Becerra on Monday petitioned a court to force Amazon.com Inc. to comply with outstanding subpoenas...
 

RMS Says Insured Losses from 2020 Western U.S. Wildfires $7-$13B

RMS estimates insured losses from the record-breaking western U.S. wildfires this season will be between $7 and $13 billion. These losses...
 

Oregon Wildfire Hazardous Waste Cleanup Complete

The Environmental Protection Agency said it has completed the cleanup of household hazardous waste from properties burned in Oregon...
 

Insurance Office of America Adds Dominguez in Western Region

Insurance Office of America has added Alex Dominguez to its Western region team. Dominguez joins the San Diego, Calif., branch location...
 

CopperPoint in Arizona Adds Fox to Lead Pay as You Go

CopperPoint Insurance Cos. in Phoenix, Ariz., has named Joe Fox vice president of the company's pay as you go business. Fox will be...
 
More West News »
 
 

International

 

Aon's $30B Bid for Willis Towers Watson Faces EU Probe: Reuters

BRUSSELS - Aon's $30 billion bid for Willis Towers to create the world's largest insurance broker faces a full-scale investigation...
 

Insurers, Regulators Warn About Safety of Jets Reactivated After Pandemic Storage

SYDNEY - Regulators, insurers and experts are warning airlines to take extra care when reactivating planes left in extended storage...
 

Lloyd's, Insurtech Parsyl Launch Insurance Facility for COVID-19 Vaccine Shipments

Lloyd's and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions of...
 

UK Insurer LV= Sells Savings, Retirement Businesses to Bain Capital for $707M

LONDON -- Mutual insurer Liverpool Victoria Financial Services (LV=) has agreed to sell its savings & retirement and protection...
 

German Insurtech Startup Wefox Expects Profitable 2021

BERLIN - German insurance technology startup Wefox expects to achieve revenue of 300 million euros ($365 million) and be profitable at...
 

Legacy Specialist Carrick Specialty Holdings Buys UK-Based Community Re

Carrick Specialty Holdings LLC, a New York City-based international non-life legacy business that provides reinsurance and run-off...
 

Canada Regulator to Allow Insurers, Banks to Pay Some Special Dividends

TORONTO - Canada's financial regulator said on Monday it could allow institutions to pay special non-recurring dividends under...
 

Swiss Re Corporate Solutions Authorized in S. Africa to Write Direct Insurance

Swiss Re Corporate Solutions announced it has received a direct insurance authorization from the South African joint regulators...
 
More International News »
 
 
 
adv
 
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.
 
Get the Book
 
Insurance Journal's Academy of Insurance
 
 
 
 
 
 
More Sponsor Content »
 
Submit your article. Find out how. »
 
 

Research and Webinars

 
adv

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...
 
adv

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...
 
adv

Accelerating Change in Insurance Distribution Through Technology

It has never been more evident that traditional paradigms no longer serve the insurance industry or its customers. To understand...
 
adv

Discover All the Inherent Risks of a High Net Worth Individual

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

 
adv

ICS20 Soundbite: Capacity, Vaping Among Issues in Cannabis Industry Going Forward

Norman Ives, a wholesale insurance broker at Worldwide Facilities LLC specializing in custom...
 
adv

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...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

Zurich and Farmers Agree to Buy MetLife's U.S. P/C Business for $3.94 Billion

Posted: Fri Dec 11 -- You take two pieces of bread and jamming it together and you still have no meat....Farmers was a disaster after the AIG PL purchase. I guess... Sandwich
 

Free Shots, Cash Bonus, Firing. Employers Weigh How to Get Employees Vaccinated

Posted: Fri Dec 11 -- Another way to read the headline is Good, Bad, Worst. Other than health officials, who are now delegating with unbelievable and... Mr. Integrity
 

Workers With Second Jobs May Be Factor in Nursing Home COVID Risk: Study

Posted: Thu Dec 10 -- Two jobs is necessary when they pay $15 or less to take care of our elderly. Caldude
 

L.A. Restaurants Win Court Battle Over Virus Closures

Posted: Thu Dec 10 -- I'm not sure why this same logic is not used to challenge and overturn the Governor's EO, since I highly doubt that moron has the mental... Mr. Integrity
 

Former Fidelity Investments' Employee Claims Discriminatory, Hostile Workplace

Posted: Wed Dec 9 -- Why do these unproven allegations by one person deserve my attention? Nearly EVERY company has strict policies against the behavior she... Craig Winston Cornell
 
Go To Popular Comments »
 
 
 
Contact us | Subscribe | Send to a Friend
 
This email was sent to [email protected].
 
Don't want this anymore? Update your subscription or unsubscribe from all lists.
 
Insurance Journal
3570 Camino del Rio North, Suite 100
San Diego, CA 92108
(800) 897-9965
Insurance Journal | Claims Journal | MyNewMarkets | Academy Of Insurance | Carrier Management