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Today's Headlines

 
July 20, 2021
 
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National

 

U.S. and Allies Accuse China of Global Cyber Espionage

The United States and its allies accused China on Monday of a global cyber espionage campaign, mustering an unusually broad coalition of...
 

Travelers' Q2 Profit Boosted by Higher Premiums, Lower Catastrophe Losses

U.S. property and casualty insurer Travelers Cos .Inc. delivered an unusually large beat of second-quarter profit expectations on...
 

Solar Industry, Owners Warned to Take Steps to Mitigate Wildfire Risk

Noting that wildfire is a growing source of loss for both wind and solar power producers and insurers, one of the insurers is urging the...
 

States Expected to Announce Opioid Deal With Drug Distributors, J&J: Reuters

U.S. state attorneys general and lawyers for local governments are expected on Wednesday to unveil a landmark, $26 billion settlement...
 

Surplus Lines Insurers Report 21.9% Premium Hike in First Half of 2021

Surplus lines premium exceeded $24 billion and premium bearing transactions exceeded 2.6 million through the first six months of 2021,...
 

People Moves: Aon Cyber Appoints Bixby; Guy Carpenter Adds 2 from Willis Re, Xywave Names 3 Senior Leaders

Hacking Expert Bixby Joins Aon Cyber Solutions Aon has appointed Adam Bixby as the new managing director, Proactive Security leader, for...
 

Workers' Compensation Lessons Learned from COVID-19

The COVID-19 pandemic has taught us tough lessons. We have learned the strengths and limitations of globalization, our public health...
 

Story in Charts: P/C InsurTech Funding Reaches $4.7B Record in 2020

After a slow start in 2020, InsurTech funding reached a record level of $7.1 billion for the year, with $4.7 billion...
 
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East

 

NY Attorney General Reaches $1.1B Agreement with Three Opioid Distributors

New York Attorney General Letitia James announced an agreement with McKesson Corporation, Cardinal Health Inc. and Amerisource Bergen...
 

Connecticut Regulators Finalize Fines for Utilities Over Isaias Response

Connecticut regulators finalized millions of dollars in fines against the state's two largest electricity distributors for what officials...
 

People Moves: Westchester Promotes McLaughlin; New Hires at Insurity, Lockton

Insurity Appoints Campestre as Chief Sales Officer Insurity, a provider of cloud-based software for insurance carriers, brokers and...
 
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Midwest

 

Federal Judge Backs Indiana University Vaccine Mandate for Employees, Students

A federal judge is allowing Indiana University to continue with its COVID-19 vaccine requirement for all students and employees. A ruling...
 

OSHA: Workers, Residents at Missouri Care Facility Exposed to Asbestos

Workers and residents at a Missouri residential nursing facility were exposed asbestos hazards when three employers at the site failed to...
 

Worker Dies After Fall From Catwalk at Michigan Steel Company

A 50-year-old employee has died after falling from an elevated catwalk at a Detroit-area steel company. The man was pronounced dead at...
 
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Insurance Jobs

 

Licensed Insurance Account Manager - Angela Adams Consulting Services, Inc. - Remote - Work from home

 

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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

 
 
 

Southeast

 

Florida Gov. DeSantis Pledges to Fight Against CDC COVID Cruise Ship Rules

Florida Gov. Ron DeSantis said he will take legal action against a recent court order that left in place CDC orders for cruise ships to...
 

Florida Litigated Claims Spiked in June

New litigated claims for Florida's largest P&C insurers grew to 6,398 in June, according to data compiled by litigation management...
 
More Southeast News »
 
 

South Central

 

Texas' Incline P&C Group Partners with CRC's 5Star Specialty Programs

Austin, Texas-based Incline P&C Group, through its Incline Casualty Co., is partnering with CRC Group's 5Star Specialty Programs on...
 

El Paso Manufacturer Fined $412.75K for Safety Violations

An El Paso, Texas, metal stamping manufacturing facility with a history of workplace safety violations failed again to protect its...
 
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West

 

M5.1 Earthquake Confirmed off Northern California Coast

A magnitude 5.1 earthquake struck off the Northern California coast late Saturday, the U.S. Geological Survey confirmed. The earthquake...
 

Former Oregon Medical Resident Says Breached Settlement Deal Breached

A former medical resident at Oregon Health & Science University who sued the school in 2018 alleging retaliation for her complaints about...
 

People Moves: Island Insurance Names Kadomoto Assistant Vice President; The Liberty Company Insurance Brokers in California Names Arricale Chief Financial Officer

Island Insurance Co. has promoted Denise Kadomoto to assistant vice president of accounting and finance. Kadomoto will continue to serve...
 

Washington Couple Face Felony Charges in $116K Workers' Comp Scam

A married couple working at their son's Vancouver, Wash., auto repair shop who claimed to be hurt at the shop and received workers'...
 
More West News »
 
 

International & Reinsurance

 

Britain's Largest Pub Group Launches Billion-Dollar Suit over COVID-Related BI Claim

Britain's largest pub group, Stonegate Pub Group Co., sued three insurers for 846 million pounds ($1.2 billion) over losses it suffered...
 

German Floods Will Be Expensive but Unlikely to Burn Through Insurers' Earnings: Fitch

GeThe severe floods in Germany could add up to 5 percentage points to German non-life insurers' net combined ratios (net claims and...
 

Final Settlement for Brazil's Samarco Mining Dam Disaster Could Reach $19 Billion

RIO DE JANEIRO - A definitive settlement with miner Samarco and owners, BHP Group and Vale SA, for the damage caused by a burst tailings...
 

U.S. Firms Operating in Hong Kong Face Risks, Warns American Chamber of Commerce

HONG KONG - U.S. businesses operating in Hong Kong should reassess their operations and decide if the risks of operating there are worth...
 

Africa Specialty Risks Secures $10M of PVT Capacity from Atrium at Lloyd's

Africa Specialty Risks (ASR), the pan-African focused reinsurance managing general agent, announced it has secured an additional $10...
 

UK Risk Management Group Airmic Names Combes as Chair

The UK risk management association Airmic announced the appointment of Claire Combes as its next chair, effective from Sept. 1, 2021....
 

People Moves: Miller's Higgins Joins New Broker Inver Re; Hartford Hires AXA XL's Brodzinski for Global Specialty; Bayman to MS Amlin for Aviation Reinsurance

These editions of International People Moves covers appointments at a new reinsurance broker, Ardonagh's Inver Re; The Hartford's Global...
 
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Research and Webinars

 
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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...
 
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The Challenges of Insurance for the Cannabis Industry

For brokers to successfully tap into cannabis-related business opportunities and ensure their clients have the right coverage, a...
 
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Addressing Professional Liability Risks for CPA Firms

With today's expanding technology and issues surrounding audits, cybersecurity, regulatory & tax reform challenges as well...
 
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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Alternate Routes: The Pandemic, the Global Supply Chain, and Transportation Insurance

Agents and brokers dealing with transportation clients should have a solid grasp on the pandemic induced developments impacting...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 18: What Insurers Should Know as Ransomware Takes Center Stage

Cyber criminals aren't just stealing passwords and data. They're stealing the spotlight. Amid...
 
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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...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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