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January 5, 2021
 
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National

 

Riskiest Counties for Natural Disasters Are Not Always Where People Think

Spending her life in Los Angeles, Morgan Andersen knows natural disasters all too well. In college, an earthquake shook her home hard....
 

Trump's EPA Institutes Curb on 'Secret' Science Used in Formulating Regulations

The U.S. Environmental Protection Agency (EPA) chief said on Monday he has finalized a rule to limit what scientific research the agency...
 

World's Largest Insurers 2020: AM Best Ranks UnitedHealth, Allianz on Top

UnitedHealth Group Inc. takes the top spot in AM Best's ranking of the world's 25 largest insurance companies for a sixth straight year,...
 

Judge Rules Former Viacom Shareholders Can Sue Over ViacomCBS Merger

A Delaware judge ruled this week that former Viacom shareholders may pursue a lawsuit accusing Shari Redstone of engineering a "patently...
 

Genworth Eyes Partial IPO as $2.7B Deal with China Oceanwide Stalls

Genworth Financial and China Oceanwide Holdings Group Co. can't seem to put the finishing touches on their agreement for Oceanworth to...
 

Insurance Leaders Among Those Urging Congress to Certify Biden Win Without Delay

Several leaders of the insurance industry joined nearly 200 New York corporate executives in a letter urging members of Congress to...
 

Top National Insurance M&As of 2020

The top M&A story of 2020 was more a global than national story but it captured more readers in every geographic location than any other....
 

Amazon, Berkshire, JPMorgan Closing Down Joint Healthcare Venture

The healthcare joint venture of Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co., will cease to exist at the end of...
 

Lloyd's Perspective on the U.S. Property Insurance Environment

While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd's market who were in the process of...
 

Stable Insurance Learns How Not to Spook Capacity Providers

Back in 2015, Douglas Ver Mulm was co-founder of Vervoer Rideshare Fleet, which runs and manages rideshare vehicles in...
 
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East

 

Two Businesses, Owners Charged with Fraud Against New York State Insurance Fund

Two businesses and their owners have been charged with fraud against the New York State Insurance Fund (NYSIF). Manuel Sanchez and his...
 

PHLY Acquires Staffing Insurance Business from World Wide Specialty Programs

Philadelphia Insurance Companies (PHLY) has acquired the Staffing Insurance Business offered by World Wide Specialty Programs Inc., based...
 

World Insurance Associates Acquires R.S. Gilmore Insurance Agency

World Insurance Associates LLC (WIA) has acquired R.S. Gilmore Insurance Agency Inc. of North Attleboro, Mass., on December 1, 2020....
 

Top East Region Insurance M&As of 2020

The top M&A story of 2020 was a global story that captured more readers in every geographic region than any other. Since it was first...
 
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Midwest

 

Top Midwest Region Insurance M&As of 2020

The top M&A story of 2020 was more a global than national story but it captured more readers in every geographic location than any other....
 

Iowa Supreme Court Bars Punitive Damages in Excessive Force Cases

The Iowa Supreme Court on Dec. 31 severely limited the financial damages that can be awarded for injuries and deaths caused by state...
 

Zern Picked to Lead Ryan Specialty Benefits in Chicago

Ryan Specialty Group LLC (RSG), based in Chicago, has added John Zern as president and chief executive officer of Ryan Specialty...
 
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Southeast

 

Florida Court Upholds Policyholder Right to Assign Benefits

An appellate court in Florida has upheld the right of policyholders to assign their right to collect benefits from an insurance claim to...
 

Judge OKs $20M Student Fee Refund Lawsuit Against University of Kentucky

A Kentucky judge has ruled that a lawsuit seeking refunds for University of Kentucky students who had to vacate campus because of the...
 

Top Southeast Region Insurance M&As of 2020

The top M&A story of 2020 was more a global than national story but it captured more readers in every geographic location than any other....
 
More Southeast 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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South Central

 

Top South Central Region Insurance M&As of 2020

The top M&A story of 2020 was more a global than national story but it captured more readers in every geographic location than any other....
 

National Lloyds in Texas Rebrands as National Summit Insurance

Dallas-based National Lloyds Insurance Co. (National Lloyds), a subsidiary of ReAlign Insurance Holdings Inc. (ReAlign), has rebranded as...
 

Lockton Dunning Benefits Adds 3 Key Executives in Houston

Lockton Companies' Lockton Dunning Benefits has hired Jason Mahler, Travis Brashear and Don Harrison, expanding its growing presence in...
 
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West

 

Top West Region Insurance M&As of 2020

The top M&A story of 2020 was more a global than national story but it captured more readers in every geographic location than any other....
 

Arthur J. Gallagher & Co. Acquires Ashton Tiffany in Arizona

Arthur J. Gallagher & Co. has acquired Phoenix, Ariz.-based Ashton Tiffany LLC. Terms of the deal were not disclosed. Ashton Tiffany...
 

Lava Spatters, Flows Inside Crater of Hawaii Volcano

Lava spattered and flowed over the weekend inside the crater of a Hawaii volcano that began erupting in December. The Hawaiian Volcano...
 

California State Fund Declares 10% Dividend for 2020 Policy Year

State Compensation Insurance Fund in California on Monday announced plans to distribute a $39 million dividend to its qualifying...
 
More West News »
 
 

International

 

Top International Insurance M&As of 2020

Since it was first announced in March, the proposed Aon-Willis merger became the leading merger and non-merger insurance story of the...
 

Abundant Capital Led to Moderated Price Hikes During January Renewals: Carpenter

Price increases at the Jan. 1, 2021 reinsurance renewals were moderated compared to initial expectations as a result of abundant capital...
 

World's Largest Insurers 2020: AM Best Ranks UnitedHealth, Allianz on Top

UnitedHealth Group Inc. takes the top spot in AM Best's ranking of the world's 25 largest insurance companies for a sixth straight year,...
 

Genworth Eyes Partial IPO as $2.7B Deal with China Oceanwide Stalls

Genworth Financial and China Oceanwide Holdings Group Co. can't seem to put the finishing touches on their agreement for Oceanworth to...
 

UK Broker Specialist Risk Group Acquires KBIS British Equestrian Insurance

Specialist Risk Group (SRG), a London-based specialist insurance broker, announced it has acquired KBIS British Equestrian Insurance, a...
 

UK-Based BMS Group Launches Asia Broking Operations with M&A Insurance Focus

BMS Group Ltd., the London-based independent specialist insurance and reinsurance broker, announced the launch of its Asia broking...
 

S. Africa Medical Insurers, Business Groups, Government to Fund Vaccines for Uninsured

South African medical-insurance companies, business organizations and the government are developing a program in which the private sector...
 
More International 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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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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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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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...
 
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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...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

How U.S. Government Will Handle COVID-19 Vaccine Injury Claims Is Largely a Secret

Posted: Tue Dec 29 -- "In rare cases of serious illness from the vaccine . . . " HELLO? Millions of people are expected to take this vaccine, one produced faster... Craig Cornell
 

Introducing the 2020 Insurance Fraud Hall of Shame

Posted: Wed Dec 30 -- #1 and not even on the list. Hospitals putting the China virus as the cause of death to collect more money and defraud the US tax payer. Jack
 

Drugmakers Plan to Raise Prices in New Year: Reuters, 3 Axis Advisors

Posted: Mon Jan 4 -- Now that they know Biden is in office, they will clean house and we will go back to the old system where the USA will subsidize the rest of... Agency
 

U.S. Approves Commercial Drone Flights Over Populated Areas With Tracking

Posted: Tue Dec 29 -- Oh sure nothing to worry about here, they will only track for security and safety - however they describe it. Interested
 

Girl Scouts, Boy Scouts Trademark Tiff Over Use of 'Scout' Part of Recruitment Battle

Posted: Tue Dec 29 -- Isn't this great! The Left forces Boy Scouts to accept gay camp leaders, against the wishes of almost every parent of a scout. Boy Scouts... Craig Cornell
 
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