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Today's Headlines

 
March 30, 2021
 
Today's Headline Sponsor: Liberty Mutual Insurance™
 
 
 
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National

 

Regulators, Watchdog at Odds With Insurance Actuaries Over Withdrawn Documents

A task force of the National Association of Insurance Commissioners is asking the board of directors of the Casualty Actuarial Society to...
 

Number of Independent Agencies Dips a Bit: Future One Study

Despite continued robust agency mergers and acquisitions activity, the number of independent insurance agencies has remained stable at...
 

Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re

Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according to...
 

Supreme Court Grapples With Investor Class Actions in Goldman Sachs Securities Case

U.S. Supreme Court justices on Monday struggled in a case involving Goldman Sachs Group Inc. over how judges should determine when...
 

Insurance Techknowledgy: Marble Opens Up Wallet; AXA Funds Idelic's Analytics; Markel Backs Counterpart Platform

Insurtechs focused on consumer management of insurance policies and commercial fleet analytics are expanding their reach following...
 

Boeing Directors Seek Dismissal of Investors' Lawsuit Over 737 MAX Safety

Boeing Co. asked a Delaware court to throw out a shareholders' lawsuit over the safety of its 737 MAX following fatal crashes, saying the...
 

Despite Soy Rally, Farmers Bet on Corn Backed by High Crop Insurance Guarantee

CHICAGO-- A 45% rally in soybean prices in 11 months was not enough to convince South Dakota farmer DuWayne Bosse to give up any corn...
 

RPS, AXIS Insurance Launch Coverage for Home-Based Businesses

E&S wholesale broker and managing general agency Risk Placement Services (RPS) has launched an insurance product for home-based...
 
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Cyber E&O Incidents Worsened in 2020: Aon

Aon's first ever errors & omissions/cyber insurance product snapshot presents a pretty dire picture of worsening conditions. There were...
 
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2021: Another Year of Insurance M&A Challenges and Opportunities

2020 was a year of learning and innovation for those of us working in the field of insurance industry mergers and...
 
More National News »
 
 

East

 

Police Say New York Construction Worker Killed in Trench Collapse

A construction worker was killed when a trench collapsed on him while he was working in a residential development in the Hudson Valley...
 

Pennsylvania Gas Driller to Pay $1.9M for Damage to Wetlands, Waterways

One of the most active natural gas exploration firms in Pennsylvania has agreed to pay $1.9 million after it disclosed in 2014 that its...
 

People Moves: Cole from XS Brokers to Rockwood; Westchester's Roberts, Fred C. Church's Sanderson Promoted

Rockwood Programs Names Cole as Chief Marketing Officer Rockwood Programs Inc., a full-service managing general agency, has appointed...
 
More East News »
 
 
 
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Midwest

 

Illinois Governor Vetoes Personal Injury Prejudgment Interest Legislation

Illinois Gov. J.B. Pritzker has vetoed a bill that would have provided for prejudgment interest in the recovery of damages in personal...
 

Michigan's Acrisure Launches New Asset Management Division

Grand Rapids, Mich.-based insurance broker, Acrisure, has launched a new Asset Management division that it says will further diversify...
 

Indiana Sandwich Shop to Pay $28.7K to Settle Disability Discrimination Suit

A Bloomington, Ind., fast-food sandwich shop will settle a federal disability discrimination lawsuit for $28,700, authorities say. The...
 
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Southeast

 

'Treating Us Like Robots': Alabama Amazon Workers Seek Union

Linda Burns was excited at first to land a job at the Amazon warehouse outside Birmingham, Alabama. The former nursing assistant had...
 

Florida School District to Pay $2M Over Chicken Nugget Choking Death of Student

The family of a 19-year-old student with autism will receive a $2 million settlement from a Florida school district a year and a half...
 

Florida's Centauri Insurance Keeps 'A' Rating, Plans Expansion After Applied Acquisition

Centauri insurance companies (Centauri Specialty Insurance Co. and Centauri National Insurance Co.) have sustained their financial...
 
More Southeast News »
 
 
 
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South Central

 

Texas Legislation Would Overhaul State's Electricity Market, Require Weatherization

The Texas Senate has unanimously approved a sweeping bill that would overhaul the state's electricity industry and infrastructure,...
 

Damaged Homes, Injuries, 1 Death, in East Texas Tornado

One person was killed after severe weather, including a tornado, caused damage in several communities in East Texas, authorities said....
 

Texas Attorneys Face Organized Crime, Workers' Comp Fraud Charges

Three attorneys and two law firms in Texas have been indicted on organized crime and other charges in relation to alleged workers'...
 
More South Central News »
 
 
 
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West

 

California County Paying $4M in Misconduct Suits

San Diego County has so far spent more than $4 million to settle a dozen lawsuits brought after a sheriff's deputy admitted to on-duty...
 

Washington School District Agrees to $4.25M Sex Assault Settlement

A suburban Seattle, Wash., school district this week agreed to pay $4.25 million to settle a lawsuit that accuses a former middle school...
 

Hawaii Teen Gets $150K Settlement for Arrest by Classmate's Dad

The Honolulu City Council has approved a $150,000 settlement in a lawsuit that accused a police officer of improperly arresting a boy who...
 

Groups Opposing Bill to Create California Medical Provider Network Option for Workers

A piece of California legislation to establish a statewide medical provider network for employees is raising a few eyebrows. Assembly...
 
More West News »
 
 
 
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International & Reinsurance

 

Lengthy Legal Battles Expected from Suez Canal's Longest Closure in Almost 50 Years

The Suez Canal may be open again, but the battle over damages from the waterway's longest closure in almost half a century is just...
 

Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re

Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according to...
 

Insurance Unlikely to Cover All Shipowners' Expenses Incurred in Suez Closure Chaos

The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24 million in expenses they...
 

Japan Chipmaker Renesas Says Normal Production at Fire-Hit Plant to Take 100-120 Days

TOKYO - Japanese chipmaker Renesas Electronics said on Tuesday it would take at least 100 days to get back to normal production at its...
 

Britain Shouldn't Blindly Adopt EU Rules Just to Keep Business in London: BoE's Brazier

LONDON - Britain should not be "short-sighted" and copy European Union rules just to keep financial activity in London, Bank of England...
 

Guy Carpenter Launches Asia Pacific Capital Advisory Group

Guy Carpenter & Co., reinsurance specialist and a unit of Marsh McLennan, announced the launch of its Capital Advisory Group in Asia...
 

Mastercard Battles Attempts to Expand Scope of $19B Class Action in UK

LONDON - Mastercard, a global payment processor, is battling attempts to add about 14 million deceased people to a 14 billion pound-plus...
 
More International & Reinsurance News »
 
 
 
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Insurance Journal Blogs and Columns

 

Bricks Without Straw?

You are no longer to supply the people with straw for making bricks; let them go and gather their own straw. But require them to make the...
 
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Research and Webinars

 
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Insuring Risks in Growing Renewable Energy Sector

Now that the 2020 election is behind us, it is predicted that we'll likely see even greater growth in renewables with the Biden...
 
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Getting the Most Out of Your Agency Data

To succeed and grow in a digital-first world, insurance agencies need to know and use the data in their technology. Agencies...
 
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Digital Handshake, Ready to Go Automation and More, with Steve Anderson

Watch Now On Demand: As an independent agent, navigating through the insurance industry can be frustrating, especially in an...
 
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2021 In View: What to Expect as the Industry Transitions to the New Realities of a Post-COVID-19 World

As the insurance industry rebounds from a tumultuous 2020, we will see swift changes across a number of critical areas. In this...
 
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Insurtech is rapidly changing how independent agents place commercial lines. Find out how.

Historically, it's been difficult for independent agents to profitably place commercial lines, but insurtech is quickly changing...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 10: Insurance Industry Stepping Up as Cyber Risks Mount for High-Net-Worth

Cyber attacks can strike any individual or business at any time, but on this episode of the...
 
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InsureTech Connect Leader Targets Future of Work

Investor Caribou Honig is looking at opportunities in the "1099 economy" - legions of...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

The Hartford Rejects Chubb's $23 Billion Buyout Offer

Posted: Wed Mar 24 -- Who are these analysts who keep telling us this would be a great deal? In my next life I want to come back as an analyst, telling people... barb wired
 

Insurtech Root Hit With Shareholder Lawsuit Alleging Negligence, Omissions in IPO Filing

Posted: Wed Mar 24 -- "...and that traditional competitors already offer the type of telematics platforms that Root believes sets it apart." You'd have to be... Mr. Solvent
 

Facebook, Google CEOs Suggest How to Reform Internet Immunity Law

Posted: Thu Mar 25 -- nah, just censor homophobes, racists, election fraud and other similar conspiracy mongers, and xenophobes. True conservatives are fine. steven
 

Regulators Weigh Model Law for Pet Insurance to Address Consumer Peeves

Posted: Fri Mar 26 -- Highly disappointed the title didn't end on a pun saying "Consumer Pet Peeves" Rosenblatt
 

Supreme Court Nixes Facebook Bid to Curtail $15B Class Action Over User Tracking

Posted: Tue Mar 23 -- Is $15B enough to put these losers out of business? I'd go much higher. Stan
 
Go To Popular Comments »
 
 
 
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