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January 26, 2021
 
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National

 

Bankruptcy Judge Approves Weinstein Co. Plan With $17M for Sex Abuse Claims

A U.S. Bankruptcy Court judge on Monday approved The Weinstein Co.'s liquidation plan, which sets aside $17 million for women who accused...
 

Biden Withdraws Trump Chicken Slaughter Rule Industry Says Is Safe

A major food workers' union praised President Joe Biden for withdrawing a rule that would have permanently allowed U.S. poultry producers...
 

Consumers Open to Sharing Personal Data with Insurers But Worry About Data Security

If it means reduced premiums, consumers are willing to share their personal information with insurers but they question whether insurers...
 

Brown & Brown Revenues, Profit Jump in Q4

Insurance agency Brown & Brown reported revenues for the fourth quarter of 2020 of $642.1 million, a jump of 10.9% or $63.1 million...
 

WestPro Insurance Partners with Obsidian on Bars, Taverns, Restaurants Program

Managing general underwriter WestPro Insurance Services has formed a program partnership with Obsidian, a hybrid fronting program...
 

Top Insurance Regulatory Developments of 2020: Part 2

This is the second installment of a two-part look at the top 10 insurance regulatory developments of 2020 by attorneys at Locke Lord. The...
 

The Results Are In: How NFL QBs/Insurance Salesmen Mahomes, Rodgers, Mayfield Rate

Last week, Insurance Journal polled football fans, asking them to compare three NFL quarterbacks who also appear in insurance TV ads. The...
 

How the Emerging Gig Economy is Changing Auto Insurance, Surplus Lines

Automobile insurance looks very different today than it did a generation ago. The means by which people (and goods) travel via motor...
 

InsurTech in 2021: More M&A, Embedding, and Recovery From 'Digital Indigestion'

Experts looking at the InsurTech sector for 2021 see both more of the same and new things ahead. Some predict more...
 
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East

 

Two Women Found Dead After Row Home Fire Causing Estimated $250K in Damage

Authorities say two women were found dead after a fire in a central Pennsylvania row home over the weekend that caused an estimated more...
 

New York's NFP Hires Beaudette as Senior Vice President

NFP, a New York, New York-based insurance broker and consultant that provides property/casualty, corporate benefits, retirement and...
 

New Jersey's American Global Hires McGill to Lead National Project Risk Practice

American Global has hired John McGill as president of American Global Project Solutions, in which he will head its national project risk...
 
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Midwest

 

Ratings of Ohio's Wayne Mutual Insurance Upgraded

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to "a"...
 

Judge Strikes Down North Dakota 'Pore Space' Law Backed by Oil, Gas Group

A judge has struck down a North Dakota's law that landowners say takes away their property rights. The so-called pore space law passed...
 

Survey Shows Gains in Rural Economy of Midwest, West States

The rural economy in parts of 10 Plains and Western states continues to grow, but rural bank CEOs say their biggest fears for the 2021...
 
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Southeast

 

Ex-Rep Hayes Pardoned by Trump for Role in North Carolina Insurance Bribery Scheme

A former North Carolina congressman and state Republican Party leader who lied to FBI agents about a bribery scandal received a pardon...
 

Georgia Spending $200K a Year on Indicted Insurance Chief

Georgia taxpayers are spending nearly $200,000 a year in salary and benefits for an insurance commissioner who's been suspended for...
 

Real Estate Developer The St. Joe Co. Forms Watersound Insurance Agency in Florida

The St. Joe Company, a Northwest Florida-based real estate developer and asset manager, has formed Watersound Insurance Agency, LLC, a...
 
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South Central

 

Houston's Skyward Specialty Names Burkhart President of Specialty Lines

Houston-based Skyward Specialty Insurance Group Inc. (Skyward Specialty) has appointed John Burkhart president of specialty lines with...
 

FEMA OKs More than $1B for Hurricanes Delta, Laura Recovery in Louisiana

FEMA has approved more than $1 billion in federal disaster assistance, long-term disaster loans and flood insurance claims since...
 

'Spotter' in New Orleans Staged Crash Schemes Sentenced to Prison

A New Orleans, Louisiana, man has been sentenced to prison for conspiring to stage automobile accidents as part of a scheme to defraud...
 
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West

 

Montana Virus Liability Bill Advancing Through Legislature

A bill that would protect businesses and health care providers from coronavirus-related lawsuits is advancing quickly through the Montana...
 

California May Prioritize Age Before Essential Workers for Vaccine

Advocates for farmworkers, teachers, grocery store clerks and other essential workers are worried they will have to wait until this...
 

Arizona Sees Recreational Cannabis Sales Start

Legal sales of recreational marijuana in Arizona have started, a once-unthinkable step in the former conservative stronghold that joins...
 

Propel Insurance in Washington Names Hub's Fusaro CFO

Tacoma, Wash.-based Propel Insurance has named Angelo Fusaro chief financial officer. Fusaro succeeds Pete Hendrick, who has announced...
 
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International

 

European Researchers Turn to AI to Build Better Weather Data

European scientists who feed critical climate data to industry and researchers said that their next great breakthrough in weather...
 

Pirates Are Attacking Ships in Gulf of Guinea. Here's Why and the Impact.

LAGOS-- Pirates are stepping up attacks on ships in West Africa's Gulf of Guinea, defying regional navies. On Saturday, pirates off...
 

Top Trading Firms Vow to Help Merchants Sailors Stuck on Ships Due to Coronavirus

Over 300 leading companies said on Tuesday they would work together to help hundreds of thousands of merchant sailors stuck on ships for...
 

Consumers Open to Sharing Personal Data with Insurers But Worry About Data Security

If it means reduced premiums, consumers are willing to share their personal information with insurers but they question whether insurers...
 

Spanish Court Orders VW to Pay $20M to Buyers in Diesel Cheating Case

A Spanish court has ordered German carmaker Volkswagen to pay 16.3 million euros ($19.8 million) in compensation to people in Spain who...
 

Olympics Board Expected to Focus on Safety; Unlikely to Cancel Tokyo Games

BERLIN-- The Tokyo Olympics will top the agenda when the International Olympic Committee's executive board meets on Wednesday - but with...
 
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Business Income Insurance Demystified
 
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Insurance Journal Blogs and Columns

 

Wow! Another COVID Decision in Ohio Favoring the Insured

Something must be in Ohio's air. Another Ohio court recorded a pro-insured COVID decision on January 19, 2021. In Henderson Road...
 
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Research and Webinars

 
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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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Weigh Your Options on Starting Your Own Premium Financing Program

Agencies arranging financing to insureds through premium finance companies can increase their top and bottom lines by offering...
 
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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...
 
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

 

Florida's Property Insurance Market Is 'Spiraling Towards Collapse' Due to Litigation: Report

Posted: Wed Jan 20 -- 500 litigation lawyers at the bottom of the ocean is a good start. Common Sense
 

Wrongful Death Suit Filed Against NRA, Gunmaker, Shooter Over Synagogue Attack

Posted: Mon Jan 25 -- There is only one person who is responsible and that is the person who pulled the trigger. Oh Goody
 

Biden Revokes Keystone XL Pipeline Permit; Construction Halted

Posted: Fri Jan 22 -- Symbolism? Big time. Job killing? Big time. (Sorry about you 11,000. people out of work today . . ) Climate saving? Not at all. The oil will... Craig Winston Cornell
 

Biden's Climate Accord Move Welcomed by World Leaders

Posted: Fri Jan 22 -- "Welcomed by World Leaders" but for those of us hundreds of thousands of Americans (and immigrants, legal or otherwise) who are about to... Tiger88
 

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

Posted: Tue Jan 19 -- Hilarious article, so see-through. "Facial Recognition Software to Target BLM Rioters" BAD!. Congress should ban this. "Facial Recognition... Craig Winston Cornell
 
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