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Today's Headlines

 
July 13, 2021
 
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National

 

Olympics Ban on Spectators to Cost Reinsurers Far Less Than Cancellation: Fitch

Japan's decision to bar spectators from the Tokyo Olympics is likely to cost the global reinsurance sector $300 million to $400 million...
 

Actor Cohen Sues Cannabis Firm for $9M Over Use of 'Borat' Image on Billboard

Film and television actor Sacha Baron Cohen, best known for his movie character Borat, is suing a Massachusetts cannabis firm for $9...
 

How Transportation Could Be Safer, Cleaner and Cost Efficient by 2050

A Cornell University-led research team has calculated that by the year 2050, vehicle electrification, driverless cars and ride sharing...
 

Ryan Specialty Launches Initial Public Offering with 57M Shares

Chicago-based insurance broker Ryan Specialty Group Holdings has filed for its planned initial public offering. Ryan Specialty is...
 

Insurance Marketplace Policygenius in Talks to Go Public Via SPAC

Policygenius Inc., an online insurance marketplace, is in talks to go public through a merger with the blank-check company PWP Forward...
 

Why Working at Home Brought New Risks for Agencies, Clients

In some recent Academy of Insurance classes, I've been asking people about their working situation. Most of the people I've been talking...
 
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Not-So-Strange Bedfellows: Agents and Digital Insurers

Amazon distributes e-books on iPads. Samsung supplies smartphone screens to Apple. "Coopetition" is nothing new in the...
 
More National News »
 
 
 
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East

 

Former Maryland Office Administrator Faces Federal Charges for Defrauding Employer

A former office administrator in Maryland is facing federal charges for defrauding her employer of more than $700,000 for fraudulently...
 

People Moves: New Hires at Conner Strong & Buckelew, Markel Corporation, LL Global

Conner Strong & Buckelew Hires Hanna as Vice President of Enterprise Risk Management Conner Strong & Buckelew, a Camden, New Jersey-based...
 

Hub International Limited Acquires Virginia's Pete Webb Agency

Hub International Limited (Hub), a global insurance brokerage and financial services firm, has acquired the insurance brokerage assets of...
 
More East News »
 
 
 
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Midwest

 

Report: Uptake of Earthquake Insurance in Missouri Drops to Historic Low

New report from Missouri insurance regulators shows earthquake coverage plummeting amid sharply escalating insurance premiums. The new...
 

Holmes Murphy Promotes 3; Plexus Groupe Names Fawcett Sr. VP; Komo Joins Missouri DCI

Holmes Murphy Waukee, Iowa-based Holmes Murphy named Ellen Willadsen chief innovation officer (CIO); Lindsay Chase assumed the role of...
 

Missouri Grain Facility Cited for Safety Failures, Fined $215.5K

A Missouri grain facility faces more than $215,000 in penalties after being cited for one willful and six serious safety violations...
 

Officials Link Cases of Legionnaires' Disease to Minnesota Hotel Spa

State health officials are investigating cases of Legionnaires' disease linked to an Albert Lea, Minn., hotel. Early evidence suggests...
 
More Midwest News »
 
 
 
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Southeast

 

South Carolina Shifts Insurance Fraud Investigations to Insurance Department

South Carolina is transferring its insurance fraud investigations from the attorney general to the insurance regulator. Ray Farmer,...
 

Suspended Georgia Insurance Commissioner To Go On Trial In Theft Case

Georgia Insurance Commissioner Jim Beck will go trial this week on charges that he swindled his former employer out of $2 million to pay...
 
More Southeast News »
 
 

Insurance Jobs

 

Commercial Lines Compliance / Surplus Lines Tax Filings – REMOTE - Work At Home Vintage Experts - Remote / Nationwide

 

Personal Lines Umbrella Underwriter - Insurance Company - Work At Home Vintage Experts - Remote

 

Reinsurance Specialist - Department of Financial Services - NYC, NY

 

Statutory Consultant - SS&C Technologies, Inc. - Remote

 

Insurance Sales Representative - Brightway Insurance - Jacksonville, Florida (remote applicants in Florida and Georgia may be considered)

 
 
 

South Central

 

People Moves: Oklahoma's OGA Adds 4; Patterson Honored by Texas Legislature

One General Agency (OGA) One General Agency (OGA) in Oklahoma City added four new team members. Jennifer Konemann is the firm's new...
 

Texas Man Ordered to Pay $410K in Restitution for Fake Medical Bills

A Texas man must serve 10 years probation and pay hundreds of thousands of dollars in restitution after fraudulently filing claims for...
 

Texas Medical Equipment Company Owners Convicted of $27M Fraud

The Dallas-area owners and operators of two durable medical equipment companies have been convicted on insurance fraud and money...
 
More South Central News »
 
 
 
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West

 

Wildfires Burning Homes, Land Across 10 States in West

Wildfires that torched homes and forced thousands to evacuate burned across 10 parched Western states, and the largest, in Oregon,...
 

Fire At Washington Businesses Probed as Arson

A fire that extensively damaged businesses just south of Seattle in White Center early Monday is now under investigation as arson by the...
 

$5M Claims Filed Against Seattle for Handling of Mayor's Texts

Two now-former public records officers who blew the whistle about Seattle Mayor Jenny Durkan's missing text messages have each filed $5...
 

Crest Insurance Group Acquires SpringbergMcAndrew in Arizona

Crest Insurance Group has acquired SpringbergMcAndrew Insurance in Lake Havasu City, Ariz. Principal Mike McAndrew joined the firm in...
 

SPONSORED: Admitted FAIR Plan Alternative Actively Writing Business Throughout California

Are you tired of working with the market of last resort? San Diego, CA - First Cap Property Insurance Solutions has announced a new...
 
More West News »
 
 

International & Reinsurance

 

Canadian Municipalities Face Surging Liability Insurance Costs

TORONTO - Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability...
 

Rising COVID Outbreaks on Ships Endanger Maritime Workers, Risk Trade Disruptions

Global vaccinations of seafarers are going too slowly to prevent outbreaks on ships from causing more trade disruptions, endangering...
 

Remote Working Causes Cyber Attacks to Skyrocket, Says Financial Stability Board

Financial firms may need to bolster their defenses in the face of rocketing cyber attacks after employees began working from home, the...
 

Ever Given Container Ship Resumes Trip to Rotterdam After 112 Days in Egypt's Waters

The Ever Given container ship that had blocked the Suez Canal in March left Egyptian waters at 4 a.m. local time following inspections at...
 

Broker Ardonagh Opens Data and Risk Management Center in Ireland, Bringing 60 Jobs

The Ardonagh Group, a top 20 global insurance broker and the UK's largest independent insurance broker, announced it will open the...
 

Swiss Markets Watchdog FINMA Names Angehrn from Zurich Insurance as Next CEO

ZURICH - Swiss markets watchdog FINMA on Tuesday named Zurich Insurance Chief Investment Officer Urban Angehrn as its next chief...
 

People Moves: AXA XL Hires AXIS' Watson as Snr U/W; Hartford's Pallett to Tegron; Chubb's Bagaric to BHSI; MGA Spring Hires AXA XL's Stanford

These international People Moves detail appointments at AXA XL, Tegron Specialty (the new D&O underwriter), Berkshire Hathaway Specialty...
 
More International & Reinsurance News »
 
 

Insurance Journal Blogs and Columns

 

Transitioning from FastBonds to a Standard Bond Program

This post is part of a series sponsored by Old Republic Surety. Especially now, at the leading edge of the post-pandemic construction...
 
More Blogs »
 
 

Research and Webinars

 
research

Beyond Survival: Key Strategies to Thrive as an Independent Agent

We surveyed and interviewed independent agents from across the United States to understand the hurdles they face, the...
 
research

OSHA Top 10 for Brokers

Brokers, help your insureds avoid the most frequently cited violations. OSHA citations. They're rampant, they hide in plain...
 
research

What's Next for the P&C Industry in 2021?

The 2021 P&C Market Outlook Executive Summary provides agents with a valuable breakdown of the price predictions for...
 
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50% of households may contain mold. Share risks with your policyholders.

Indoor mold is potentially dangerous and destructive – you don't want it in your home or business! Mold is found everywhere...
 
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Discover how data and analytics can uncover maximum carrier commissions potential.

Data and analytics are transforming the insurance industry, and independent agencies have the perfect opportunity to transform...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 27: These Cannabis Questions Must Be Answered in Final Six Months of 2021

At the half-way mark in 2021 as we emerge from the pandemic, one has to wonder what the rest...
 
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EP. 17: Leading by Example: How Insurers Can Manage Cyber Risk Within Their Own Operations

Insurers often advise clients on cyber resilience, however, many in the industry overlook...
 
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