Insurance Journal
 
 

Today's Headlines

 
June 1, 2021
 
Today's Headline Sponsor: Victor Insurance Managers Inc.
 
 
 
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National

 

Judge OKs Class Action Status for Suit by Women Employees Suing Google

Alphabet Inc.'s Google failed to persuade a judge to block class-action status for a gender-pay disparity lawsuit brought on behalf of...
 

Supreme Court Denies Johnson & Johnson Appeal of $2B Talc Products Verdict

The U.S. Supreme Court on Tuesday declined to hear Johnson & Johnson's bid to overturn a $2.12 billion damages award to women who blamed...
 

Tesla Loses Top Safety Rankings From IIHS, Consumer Reports

Two key groups that offer automobile safety ratings are yanking their top endorsements from some Tesla vehicles because the company has...
 

Biden Backs States Against Manufacturers Over Prescription Drug Imports From Canada

The Biden administration is urging a federal court to dismiss a lawsuit that could stand in the way of states like Florida in allowing...
 

Workers' Comp Insurer SUNZ Expands into 13 Additional States

Florida-based SUNZ Insurance Co. is now licensed to write workers' compensation policies in 13 additional states: Hawaii, Iowa, Nevada,...
 

U.S. Updates Guidance on COVID Vaccine Mandates, Incentives, Privacy in Workplace

Federal employment laws do not prevent an employer from requiring all employees physically entering the workplace to be vaccinated for...
 

Fitch: Commercial Auto Insurance Business Could Break-Even in 2021

The commercial auto insurance segment posted its best underwriting result in a decade in 2020, thanks to continued big rate increases and a...
 

Why Rapid Cyber Rate Hikes Will Continue for Some Time

While global commercial insurance rate hikes are starting to moderate, cyber seems likely to be an outlier for some time...
 
More National News »
 
 
 
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Featured Events

 
The Future of Insurance USA 2021

The Future of Insurance USA 2021

June 22 / virtual
 
Global Insurance Symposium

Global Insurance Symposium

June 28 / Hybrid
 
 
 

East

 

Flaming Gas Leak Forces Evacuation of a Dozen Homes in Massachusetts

A gas leak ignited Saturday morning in front of a residence in Marshfield, Massachusetts, sending plumes of flames into the air and...
 

Lawsuit: Only Christians Could Apply for Maryland Jail Chaplain Job

Applicants for a chaplain's job at a Maryland county jail had to sign a statement affirming that they are Christians, a Muslim man claims...
 

New York Bill Would Give Sexual Abuse Survivors New Chance to Sue

People sexually abused as adults would have a chance to sue the perpetrators even if the usual deadline to bring a lawsuit had expired...
 
More East News »
 
 
 
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Midwest

 

Supreme Court Denies Johnson & Johnson Appeal of $2B Talc Products Verdict

The U.S. Supreme Court on Tuesday declined to hear Johnson & Johnson's bid to overturn a $2.12 billion damages award to women who blamed...
 

New Fee Schedule Could Limit Care for Michigan Crash Victims, Providers Say

Courtnie Bush, 16, was never supposed to wake up again, much less smile, stand and walk after she was in a car crash in December. Her mom...
 

Michigan's AF Group, Waypoint Partner on Assumed Reinsurance

Lansing, Mich.-based specialty insurance provider, AF Group, is entering the assumed reinsurance marketplace through a new partnership...
 
More Midwest News »
 
 
 
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Southeast

 

Too Little, Too Late? Breaking Down Florida's Latest Property Insurance Reforms

A bill passed by the Florida Legislature to address the state's property insurance crisis has created optimism among some stakeholders,...
 

Wrongful Death Suit Filed Against County, Insurers Over Fatal 2020 Alabama Marina Fire

A lawsuit filed over a dock fire that killed eight people at a county marina in north Alabama last year contends officials failed to...
 

FEMA Approves More Flood Aid for 22 Kentucky Counties

Kentucky's request for individual assistance for 22 additional counties hit by severe flooding has been approved by the Federal Emergency...
 

AssuredPartners Acquires Anchor Pardue Insurance of Alabama

AssuredPartners has acquired Anchor Pardue Insurance of Mountain Brook, Ala. Anchor Pardue is the second acquisition in May for Assured...
 
More Southeast News »
 
 
 
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South Central

 

Power Plant 'Weatherization' Bills Sent to Texas Governor

The Texas House and Senate on May 30 approved sweeping legislation to overhaul the state's power grid following the disastrous and deadly...
 

Louisiana Governor Seeks Flooding Disaster Declaration

Louisiana Gov. John Bel Edwards has asked President Joe Biden to declare a federal disaster for the state after severe weather and flash...
 

Employees Sue Texas Hospital Network to Halt Vaccine Mandate

A group of 117 healthcare workers at a Texas hospital filed a lawsuit in state court against their employer's mandate requiring all staff...
 

5 More Plead Guilty in New Orleans Staged Truck Accident Cases

Five more individuals have pled guilty to their involvement in insurance fraud schemes arising out of staged automobile accidents with...
 
More South Central News »
 
 
 
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West

 

U.S. Western States Preparing for Summer Wildfire Season

Wearing soot-smudged, fire-resistant clothing and helmets, several wildland firefighters armed with hoes moved through a stand of...
 

Montana Man Must Pay Restitution to Insurer for Arson

A south-central Montana man who pleaded no contest to hiring someone to burn down his house for the insurance money so he could pay a...
 

Shallow Quake Confirmed Beneath Lake Tahoe

A shallow magnitude 4.2 earthquake struck beneath Lake Tahoe on Friday but there were no immediate reports of any injuries of serious...
 

CWCI: California Workers' Comp Direct Written Premium Fell 11.4% in 2020

Total direct written premium in the California workers' compensation system fell by 11.4% in 2020, dropping to an eight-year low driven...
 

AM Best Withdraws Credit Ratings of First American Property & Casualty and First American Specialty

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of "bbb" (Good) of First...
 
More West News »
 
 

Insurance Jobs

 

Deputy Insurance Commissioner - Legal Affairs - Office of the Insurance Commissioner - Tumwater, WA

 

Property Liability Claims Supervisor - CIS (Citycounty Insurance Services) - Tigard, Oregon (Oregon telecommuting options are available)

 

Commercial Lines Producer - George Petersen Insurance - San Rafael

 

Actuary I - MAPFRE Insurance - Remote (or near Webster, MA Campus)

 

Client Manager, Small Business - Fred C. Church - Lowell, MA

 
 
 

International & Reinsurance

 

Intact Financial Corp. and Tryg Complete Acquisition of UK's RSA Insurance

Intact Financial Corp. announced that, together with Tryg A/S, it has completed the acquisition of RSA Insurance Group plc., after...
 

Generali Launches $1.4 Billion Bid to Buy Remaining Shares of Italy Rival Cattolica

Italy's largest insurer Assicurazioni Generali SpA launched a 1.2 billion-euro ($1.4 billion) bid to buy all the shares it doesn't...
 

German Insurtech Wefox Raises $650M in Funding, Valuing Firm at $3B

BERLIN - Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking...
 

Swiss Financial Watchdog Requires Insurers, Banks to Disclose Climate Change Risks

ZURICH - Large Swiss banks and insurance companies will have to provide qualitative and quantitative information about risks they face...
 

Generali Completes Purchase of AXA's Greek Units, Forms Bancassurance Agreement

Generali has completed the acquisition of AXA Group's Greek subsidiary, AXA Insurance S.A., for €167 million ($204 million) in cash....
 

Australian, North American Units of World's Largest Meat Supplier Hit by Cyber Attack

MELBOURNE - Australian and North American units of the world's largest meat works were hit over the weekend by an organized cyber attack...
 

Heavy Rain Causes Floods in New Zealand's Canterbury Region, Forcing Evacuations

WELLINGTON, New Zealand (AP) - Several hundred people in New Zealand were evacuated from their homes Monday with some recounting dramatic...
 

Willis Towers Watson Launches Sports and Entertainment Industry Group

Insurance broker Willis Towers Watson announced the launch of a Sports & Entertainment Industry Group to support sports & entertainment...
 
More International & Reinsurance News »
 
 

Insurance Journal Blogs and Columns

 

When to Insure a Collector Car Like a Fine Work of Art

This post is part of a series sponsored by Cincinnati Insurance Company. Collectible cars are unique to each owner and the insurance...
 

Protecting Manufacturing Clients as Products Evolve

This post is part of a series sponsored by The Hanover Insurance Group. As these and other companies expand the scope of their businesses...
 
More Blogs »
 
 

Research and Webinars

 
research

Discover how to address the emerging risks challenging your nonprofit clients

Discover forward-thinking approaches to address the emerging risks challenging your nonprofit clients and prospects. Nonprofits...
 
research

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...
 
research

Detecting trends and customer pain points with AI and MI.

Like most industries, insurance companies are accelerating their ability to improve their customer experience to meet new...
 
research

Discover ways to help your commercial auto clients control losses

Loss control is one of the most underutilized services by agents and brokers in the commercial auto industry.  Understanding...
 
research

Addressing Professional Liability Risks for CPA Firms

With today's expanding technology and issues surrounding audits, cybersecurity, regulatory & tax reform challenges as well...
 
More research and webinars »
 
 

Insurance Journal TV

 
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Florida Insurance Commissioner Optimistic About Property Reforms

It was a busy legislative session for the Florida Office of Insurance Regulation, with...
 
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Flood Insurance a 'Wide Open' Opportunity for Insurers, Agents in North Carolina

North Carolina has been working hard to establish a private flood market after numerous...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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