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January 19, 2021
 
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National

 

How Climate Change May Affect Hurricane Risk and Losses: AIR, Brookings, AXIS

By 2050, climate change-related weather events will have a meaningful impact on future hurricane losses, increasing them by 20% or more...
 

Business Startups Surged Amid Covid-19 Pandemic

The surge of U.S. business formations in the back half of 2020 has been one of the pandemic's many surprises. After cratering by 30% in...
 

Lawmakers Sought to Ban Facial Software Being Used to ID Capitol Attackers

U.S. lawmakers are moving ahead with efforts to ban facial recognition software even as the technology helps identify supporters of...
 

Startup Loop Wins Funding for Fairer Auto Insurance Rating Model That Uses AI

Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP codes, announced...
 

AM Best, Moody's Rate Personal Lines Insurance Market Outlook as Stable

AM Best kept its stable market segment outlook on the U.S. personal lines insurance segment for 2021, citing the segment's strong...
 

Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers

Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder -...
 

Applied Specialty Underwriters Names Black to Lead Middle Market Surplus Lines

Applied Underwriters has named John Black, Sr., CPCU, to lead its expansion into middle market surplus lines. As executive vice president...
 

Ongoing Pandemic Brings Workforce, Risk, Policy Challenges for Insurers

Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to...
 

Responding to the Impact of COVID-19 on Workers Compensation

The workers compensation system has faced extraordinary challenges in the past 12 months. They just aren't the same...
 
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East

 

NYPD Adopts Clearer Penalties for Excessive Force, Racial Bias

The New York City Police Department enacted new disciplinary rules on Friday that call for terminating police officers found to use...
 

Vermont's Winooski Insurance Adds Heaslip to Its Leadership Team

Winooski Insurance of Williston, Vermont, a commercial insurance agency of nearly 40 years, is growing its leadership team with the...
 

Cross Insurance Partners with Connecticut's Daigle & Travers Insurance

Cross Insurance, a subsidiary of Cross Financial Corp., based in Bangor, Maine, and an independent insurance provider in New England, has...
 
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Midwest

 

Holmes Murphy Names Cornett, Spencer, Reavis to New Leadership Roles

Independent brokerage firm, Holmes Murphy, in Waukee, Iowa, has added Roger Cornett and Jeff Spencer to its board of managers, and Jay...
 

Hurricane-Force Winds Caused Extensive Damage in North Dakota

A weather system packing hurricane-force wind gusts has caused extensive damage and power outages in western and central North Dakota....
 

40 La Crosse, Wisconsin, Wells Contaminated with PFAs, Tests Show

Dozens of La Crosse, Wis.-area wells are contaminated with forever chemicals known as PFAS, tests revealed. At least 40 wells that...
 
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Southeast

 

UNC Chapel Hill Must Release Sexual Assault Discipline Records

The U.S. Supreme Court has rejected an appeal from the University of North Carolina at Chapel Hill of a lower court decision requiring it...
 

21 Georgia Counties Approved for Federal Aid for Zeta Cleanup, Repair

Several north Georgia counties are getting federal aid to repair infrastructure and clean up damage from Hurricane Zeta in October. The...
 

Causey Sworn in for Second Term as North Carolina Insurance Commissioner

North Carolina Insurance Commissioner Mike Causey took the oath of office for his second term as North Carolina's Insurance Commissioner...
 

Constellation Affiliated Partners Acquires INSUREtrust; Haase to Retire

Constellation Affiliated Partners (Constellation) has acquired INSUREtrust, a specialty wholesale broker and MGA headquartered in...
 
More Southeast News »
 
 
 
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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.
 
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South Central

 

Kirke Named President of BevCap Management's Healthcare Division

McKinney, Texas-based BevCap Management LLC (BevCap), a program manager for both casualty and medical stop loss captive insurance...
 

Steen, Webber Promoted at Burns & Wilcox in New Orleans

Wholesale insurance broker and underwriting manager, Burns & Wilcox, has promoted Bonnie Steen and Cain Webber in management roles in its...
 

Texas Extends Workers' Comp Insurer COVID-19 Data Call to June

The Texas Division of Workers' Compensation (DWC) has extended until June 2021 its mandatory data call for information related to...
 
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West

 

USI Insurance Services Acquires CB Insurance in Colorado

USI Insurance Services has acquired Colorado Springs, Colo.-based CB Insurance LLC. Terms of the deal were not disclosed. CB Insurance...
 

Sierra Specialty in California Names Sunderland Senior Underwriter

Clovis, Calif.-based Sierra Specialty Insurance Services has added Chris Sunderland as a senior property/casualty underwriter. Sunderland...
 

Bender in California Names Guillen Vice President of Alternative Risk

Bender Insurance Solutions in Sacramento, Calif., has named Roland Guillen vice president of alternative risk markets to commercial...
 

Newfront in California Adds Parker as Employee Benefits Producer

Newfront Insurance in San Francisco, Calif., has brought Nichole Parker on as a principal and employee benefits producer. Parker joins...
 
More West News »
 
 

International

 

Zurich Insurance to Stop Insuring Russia's Nord Stream 2 Project: Sources

Zurich Insurance Group will drop out of Russia's Nord Stream 2 project in the face of looming U.S. sanctions against European companies...
 

World's Biggest Shipping Line Demands Action Against Piracy Surge Off West Africa

The world's biggest shipping company demanded a more effective military response to surging pirate attacks and record kidnappings off the...
 

Here's How European Satellites Can Help Predict the Next Weather Disaster

Spain began the new year battling Storm Filomena, a once-in-a-generation weather event that blanketed Madrid in snow and paralyzed the...
 

Indonesia Earthquake Leaves Thousands Homeless, Killing at Least 84 People

MAMUJU, Indonesia (AP) - Aid was reaching the thousands of people left homeless and struggling after an earthquake that killed at least...
 

BGC Insurance Rebrands as Corant Global

BGC Insurance (BGCI) has rebranded as Corant Global Ltd., which will become the holding company for all the insurance interests of BGC...
 

Hamilton Appoints AXA XL's Scully as Head of Casualty Insurance in Bermuda

Hamilton Insurance Group Ltd. announced the appointment of Elaine Scully as senior vice president, head of Casualty Insurance in its...
 
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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Research and Webinars

 
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7 Ways Insurers Should Use Technology to Augment Their Teams

For the Insurance industry, digital transformation has shifted from the 3 - 5 year plan to the 6 month plan. That transformation...
 
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Broker Success Checklist

P&C brokers, are you helping your clients navigate their critical areas of risk? Businesses choose to work with brokers that...
 
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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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How are Insurtechs and Technology Influencing Distribution Strategies?

It has never been more evident that traditional paradigms no longer serve the insurance industry or its customers. To understand...
 
More research and webinars »
 
 

Insurance Journal TV

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

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

 

More Capitol Hill Rioters Face Firings Back at Work

Posted: Tue Jan 12 -- An estimated 200,000. people attended the rally in D.C. An estimated 1,000 people broke into the Capitol building. 199,000. people were... Craig Winston Cornell
 

Wisconsin Man Charged with 18th Drunk Driving Offense

Posted: Wed Jan 13 -- “I’ve been sober since the 2011 (incident), that last DWI, and I blame the medications I have to be on (they) can interfere with the few... Rosenblatt
 

Study: Masks, Distancing, Testing Shown As Effective As Vaccines on College Campuses

Posted: Wed Jan 13 -- No surprise here: masks (when worn properly) are effective at REDUCING the spread of C19. Add in other risk mitigation tools (social... Rosenblatt
 

UK Supreme Court Rules Businesses Should Be Insured for COVID-19 Claims

Posted: Sat Jan 16 -- Win a battle but lose the war. Get ready for higher premiums and limited coverage. Most policies will be named peril, with anything else... retired risk manager
 

Lemonade Eyes Sale of 3 Million Shares in Secondary Offering

Posted: Fri Jan 15 -- $160 a share? But, they don't make any money, they don't have enough premium volume and they no plans to take on any "real" risk that might... Tiger88
 
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