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July 27, 2021
 
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National

 

States Weigh Bans on Ransomware Payoffs

As ransomware attacks continue to wreak havoc on police departments, school districts and city and county governments, some state...
 

Insurance Investor Aquiline Capital to All Employees: Take the Week Off

No calls, no emails and no meetings. That's the order this week from Aquiline Capital Partners to its staff. The private equity firm is...
 

Arthur J. Gallagher Ends $3.6B Deal to Buy Willis Re, After Aon-Willis Merger Scrapped

Arthur J. Gallagher & Co. announced it has terminated its May 12, 2021 agreement to acquire Willis Re and certain other Willis Towers...
 

Purdue's Creditors Back Bankruptcy Plan That Would Pay 3,000 Opioid Lawsuits

OxyContin maker Purdue Pharma LP said on Tuesday that creditors voted in favor of its reorganization plan that would provide billions of...
 

National Alliance Announces States' Insurance Customer Service Reps for 2021

The educational organization The National Alliance for Insurance Education & Research has announced this year's winners of its annual...
 

Allstate Among Large Firms Linking CEO Pay to Diversity Gains

Corporate diversity has become the most common type of sustainability metric used in setting executive pay, a new study found, as...
 

U.S. AG Garland Hails Aon-Willis Merger Termination as a 'Victory for Competition'

U.S. Attorney General Merrick Garland today welcomed the decision by insurance brokers Aon and Willis Towers Watson to terminate their...
 
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Leadership Research: Big Picture Leaders Less Likely to Invest in Unfamiliar Tech

Forget the 30,000-foot, big-picture view. When faced with a cutting-edge technological idea, business leaders who...
 
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East

 

Erosion of Sand Spit Could Threaten Connecticut Shore, Homes

A sand spit that protects part of the coastline straddling Fairfield and Bridgeport, Connecticut, is eroding and could leave the area...
 

Car-Sharing Firm Getaround Settles Over Tax Bill, Customer Damage and Thefts

Getaround Inc. will pay $950,000 to Washington, D.C. and revise its business practices after allegations that it misrepresented the...
 

People: Millers Mutual Promotes Hess, MEMIC Hires Three to Underwriting Team

Millers Mutual Insurance Promotes Hess to VP, Chief Information Officer Millers Mutual Insurance, a regional property/casualty insurance...
 
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Midwest

 

People Moves: J.M. Wilson Promotes Ricks, Councell, Tokarz, Farr, Hans, Mahaffey

J.M. Wilson promoted Mary Ricks and Jennifer Councell to executive fleet underwriters in its Portage, Michigan, office, where they are...
 

US Says Ohio Landlord Still Harassing Female Tenants, Violating Consent Decree

A landlord in Ohio is violating a federal lawsuit consent decree by continuing to rent properties and harass female tenants, the U.S....
 

Tornadoes Confirmed Near Flint, Detroit, Michigan

The National Weather Service says tornadoes struck near Detroit and near Flint on the evening of July 24. The two EF-1 tornadoes touched...
 
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Call for Bright Ideas
 
Have you done something clever that contributed to your agency's success? Brilliant! Let's highlight it in IJ's annual 101 Ideas list.
 
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Southeast

 

Court Affirms Miami Condo Tower Hurricane Damage Award That Disappointed Both Sides

The 11th Circuit Court of Appeals affirmed a jury verdict that found an insurer liable for $2.6 million in damages to a Miami condominium...
 

North Carolina Civil Rights Groups Reach Settlement Over 2020 Clash With Police

Civil rights groups in North Carolina have reached a settlement with the city of Charlotte and its police department in a lawsuit filed...
 

Duke Energy Builds Flood Walls Around South Carolina Electric Substation

A utility is building walls around an electric substation to prevent them from being overrun by floodwaters in the first of its kind...
 

Gulfstream Insurance Admits Insolvency, Agrees to Liquidate

Personal residential insurer Gulfstream Property and Casualty Insurance Co. has agreed to liquidate according to a July 22 order signed...
 
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Reach Industry Candidates Today
 
Is your firm hiring? Reach industry candidates today on the IJ Jobs Board. Claim Your Discount: 25% OFF unlimited listings - use code JULYAPPLY through 7/31!
 
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South Central

 

'Holy Moly!': Inside the Fight Against a Texas Ransomware Hack

It was the start of a steamy Friday two Augusts ago when Jason Whisler settled in for a working breakfast at the Coffee Ranch restaurant...
 

Louisiana Sees Gains in Not Seasonally Adjusted Employment

The state's not seasonally adjusted number of employed individuals increased in June both over the month and over the year for the third...
 

Texas Veterans Homes Often the Deadliest Places During COVID-19 Pandemic

Mary Kay Dieterich was encouraged last year when Texas Land Commissioner George P. Bush promised to shake up the management of the El...
 
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Insurance Jobs

 

Producers, Service Staff, and Partners Wanted - Group Coverage, Inc. - Dix Hills/Deer Park, NY

 

Sr. General Liability Underwriter (Los Angeles, CA or Tempe, AZ) - RLI Insurance - Los Angeles, CA

 

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

 

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

 
 
 

West

 

Winds Feeding California's Largest Wildfire

It could be days before officials will be able to assess the damage done to a small town by California's largest wildfire, one of dozens...
 

200 Buildings Added to Avalanche Risk Areas for Alaskan City

Updated maps add 200 homes and other buildings to hazard zones for landslides and avalanches in Alaska's capital city, bringing to about...
 

Viewpoint: Is California Serious About Addressing the Wildfire Risk? Not So Much.

Recent state budget actions by California Gov. Gavin Newsom and the state Legislature make a strong argument that the state is not...
 
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International & Reinsurance

 

Arthur J. Gallagher Ends $3.6B Deal to Buy Willis Re, After Aon-Willis Merger Scrapped

Arthur J. Gallagher & Co. announced it has terminated its May 12, 2021 agreement to acquire Willis Re and certain other Willis Towers...
 

Disruptions from Cyber Attack Force S. Africa Port Operator to Declare 'Force Majeure'

Transnet SOC Ltd., South Africa's state-owned ports and freight-rail company, declared force majeure at the country's key container...
 

Broker Ardonagh Group Launches Ardonagh Europe to Expand Buy-and-Build Strategy

The Ardonagh Group announced the creation of Ardonagh Europe as it prepares to take its buy-and-build model to Europe. Ardonagh Europe...
 

Trans-Siberian Railway Bridge Resumes Operations After Repair of Flood Damages

MOSCOW -- Russia said on Tuesday it had fully restored train travel over a Trans-Siberian railway bridge in its far east that was damaged...
 

Chubb Launches Insurance for Offshore Wind Farms

Chubb has announced the launch of an insurance solution for offshore wind farms. Chubb's Offshore Wind Farm policy has been developed to...
 

People Moves: Covéa Insurance Names Furness CEO; BHSI Hires Chubb's Alder-Smurthwaite; Pritchard Promoted at Swiss Re Corporate Solutions

This edition of International People Moves covers appointments at three insurers: Covéa Insurance, Berkshire Hathaway Specialty...
 
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Insurance Journal Blogs and Columns

 

Understanding the Claim Process for Bonds vs. Insurance

This post is part of a series sponsored by Old Republic Surety. Thinking about building a book of surety business? As an insurance agent,...
 
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Research and Webinars

 
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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...
 
research

2021 Agency Guide to Get More Leads

Do you want to learn how to generate and convert more leads for your insurance agency? Your agency needs a prospecting strategy...
 
research

Getting in Sync with Your Commercial Haulers

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

Becoming a modern, digital agency in 2021

Let's face it—the distribution channel has treated carriers, agents, and customers well in the past, but the digital world we...
 
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...
 
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Insurance Journal TV

 
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Cal/OSHA Cautions California Employers to Protect Workers from Wildfire Smoke

Cal/OSHA is cautioning California employers to be prepared to protect workers from unhealthy...
 
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EP. 28: California Wildfire Season Could Make Getting Insurance Even Tougher for The Cannabis Industry

The California wildfire season is shaping up to be an ugly one, with a worsening drought and...
 
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