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March 9, 2021
 
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National

 

Auto Insurance Shopping Stabilizes, State-Level Competition Intensifies: J.D. Power

As the country hits the one-year mark of the arrival of COVID-19, auto insurance industry trends are beginning to show a return to the...
 

One80 Makes Cannabis Buy-in with Cannasure Insurance Services Acquisition

Cannabis is getting bigger, and now insuring cannabis seems to be a bigger deal, too. The cannabis-focused insurance space can now be...
 

Insurers, Abuse Victims Blast Boy Scouts Reorganization Plan

The official committee representing child sex abuse victims in the Boy Scouts of America bankruptcy has agreed to give the BSA more time...
 

EEOC Probes Facebook for 'Systemic' Racial Bias in Employment Practices: Reuters

A U.S. agency investigating Facebook Inc. for racial bias in hiring and promotions has designated the probe as "systemic," attorneys for...
 

Workers' Compensation Remained Outlier as Commercial Prices Continued Rising in Q4

U.S. commercial insurance prices again grew significantly in the fourth quarter of 2020. Again, except for workers' compensation....
 

Swiss Re Corporate Solutions to Change Legal Structure for North America

Swiss Re Corporate Solutions announced a plan to streamline the legal entity structure of its North American business. The changes...
 

Worldwide Broker Network Names Beecher Carlson's Collins as CEO

The Worldwide Broker Network (WBN), a global network of independent insurance and benefits brokers, has appointed Olga Collins as chief...
 

Top Business Risks for 2021: Pandemic-Related Business Interruption, Cyber

There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders...
 

For Insurers, Digital Ecosystems Are Now Vital Economic Tools

It is clear that traditional end-to-end business models are breaking down in every industry, including insurance. In the...
 
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7 New Classes Announced!
 
March webinars are now live for the Academy of Insurance. March offerings include workers' comp, E&O, and our ever-popular Master classes.
 
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East

 

Mass. Court Says Associate Professor at Christian College Is Not a Minister

An associate professor at a Christian liberal arts college is not considered a minister and is therefore protected from discrimination...
 

Settlement Reached in New York Teen Athlete's Training Drill Death

The mother of a high school football player who died in New York after a 400-pound log fell on him during a military-style training drill...
 

Hub International Acquires Assets of Pennsylvania's Davis Trachtenberg Inc.

Global insurance brokerage Hub International Limited has acquired the assets of Davis Trachtenberg Inc. (DTI). Terms of the transaction...
 

JAG Insurance Group Hires Gomez to Represent Northeast Region

JAG Insurance Group (JAG), a South Florida-based commercial insurance agency with Florida offices in Coral Gables and Delray Beach, as...
 
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Midwest

 

Allen Promoted to Business Development Specialist at Minnesota's SFM Mutual

Workers' compensation carrier, SFM Mutual Insurance Co., headquartered in Bloomington, Minn., has promoted Cody Allen to a newly...
 

Blaze at North Dakota Fire Department Totals Building, Damages Trucks

Authorities say a small-town North Dakota fire department lost its building and likely six trucks in a fire. The blaze at the Glenburn...
 

Kansas Governor Issues Disaster Declaration Due to Fire Hazard

Kansas Gov. Laura Kelly has issued an emergency disaster declaration as weather conditions bring a high risk of fires this week. Kelly...
 
More Midwest News »
 
 
 
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Southeast

 

New Initiative by Florida's Insurance Consumer Advocate Targets Contractor Fraud

In an effort to educate consumers about contractor fraud schemes that are contributing to increased insurance rates, Florida's Insurance...
 

Florida House Approves COVID Liability Shield for Businesses

Florida businesses would be protected from coronavirus lawsuits if they made a good effort to follow guidelines to prevent the spread of...
 

Environmental Officials Investigate Mine Discharge into W. Virginia Waterways

West Virginia environmental authorities said Friday that they are investigating the cause of highly acidic water flowing from a former...
 

Zurich Names Jordan, Heintz to Appoint U.S. Middle Market South Region

Zurich has promoted Kim Jordan to regional vice president for the South Region, and Jim Heintz was named the underwriting manager for the...
 
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Amwins' State of the Market
 
Our report provides industry intelligence and expert insights on key segments of the property, casualty and professional lines insurance marketplace.
 
Read More
 
Amwins
 
 
 
 

South Central

 

$509M in Surplus Lines Insurance Premium Recorded in Texas in February

Texas surplus lines insurance premium recorded in Texas in February totaled $509.48 million, the Surplus Lines Stamping Office of Texas...
 

Texas Oil, Gas Interests Left to 'Self-Regulate' in Aftermath of Winter Storm

After being battered by withering criticism of its management of the power grid during February's winter storm, the Electric Reliability...
 

Hub International Acquires Assets of Louisiana's The Juban Insurance Group

Chicago-based global insurance brokerage, Hub International Limited (Hub), has acquired the assets of The Juban Insurance Group in Baton...
 

Zurich NA Names Heintz Underwriting Manager for South Central Region

Jim Heintz has been appointed as underwriting manager for property/casualty insurer Zurich North America's South Central area. In his...
 
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West

 

Arizona City Struggling to Emerge from Cyberattack

Kingman officials say municipal employees aided by Arizona National Guard technology personnel this week continued working to unravel a...
 

Alaska Files $1B Lawsuit Against 21 Poultry Businesses

Alaska has sued 21 businesses involved in the poultry industry, claiming the businesses operated a cartel and illegally inflated the...
 

Alaska Native Group, Neiman Marcus Settle Copyright Suit

An Alaska Native cultural organization and the luxury department store Nieman Marcus have settled a lawsuit over the sale of a coat with...
 

California Nutrition Assistant Arraigned for Workers' Comp Fraud

Kia Lor, 54, of Merced, Calif., was arraigned on four counts of insurance fraud after an investigation by the California Department of...
 
More West News »
 
 

International & Reinsurance

 

Here's a Rundown of How Greensill Unraveled, the Key Players, and What Could Be Next

Lex Greensill's business has unraveled at a blistering pace, leaving a tangled trail of destruction all around it. On Monday, Greensill...
 

Australia's Largest P/C Insurer Says It Has No Net Exposure to Greensill Capital

Insurance Australia Group, the country's largest general [P/C] insurer, said on Tuesday it had no net exposure to supply chain finance...
 

Legacy Specialist DARAG Acquires Bermuda-Based SunPoint from Fosun International

DARAG, the Malta-based legacy acquirer, announced the acquisition of SunPoint Holdings Ltd. in Bermuda. SunPoint will be integrated into...
 

Allianz Commits $75M to Hong Kong Fintech WeLab, While Forming Partnership

Allianz's technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer...
 

Mosaic Begins Underwriting War, Terrorism & Political Violence Risks Globally

Mosaic, the new Bermuda-based global specialty insurer, announced it has begun underwriting war, terrorism and political violence risks...
 

Chubb Names Kelaher as Country President for Australia and New Zealand

Chubb announced it has appointed Peter Kelaher as country president for Australia and New Zealand. In his new role, Kelaher, who is...
 
More International & Reinsurance News »
 
 
 
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Research and Webinars

 
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Guide to Administering Your Own Premium Financing Program

Agencies arranging financing to insureds through premium finance companies can increase their top and bottom lines by offering...
 
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Independent Agents: How Insurtech Can Solve Common Pain Points

Historically, it's been difficult for independent agents to profitably place commercial lines, but insurtech is quickly changing...
 
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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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3 Ways to Jumpstart Your Agency Growth

Surviving as an independent agent is no longer the name of the game. Modern agencies want to grow their business more than...
 
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The SEO Guidebook for Insurance Agents

Have you thought about how your insurance agency can be found online? Consumers have been turning to the internet to shop for...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 19: Cannabis SPACs Are Hot, but Insuring Them is Pricey and Complex

Business news has been ablaze with cannabis SPACs. Special purpose acquisition corporations,...
 
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Diversity, Resilience, Innovation: Altmaier's NAIC Priorities for 2021

Florida insurance chief David Altmaier has a busy year ahead, and it won't just include...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Call Center Agent Looking for Advice

Posted: Thu Mar 4 -- The call center routine can become a grind. I would suggest that you look at independent agency opportunities in and around your area and... BMacAttack
 
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Reader Comments

 

Climate Change Activists 'Welcome' AIG CEO Zaffino; EU Urges More Insurance

Posted: Thu Mar 4 -- Please prove this statement: "Climate change is weakening the ocean currents that shape weather on both sides of the Atlantic." Do you mean... Tiger88
 

Ohio Contractor Cited After 14-Year-Old Badly Injured in Fall from Roof

Posted: Wed Mar 3 -- What kind of companies allow 14 year olds to work on roofs??? Yuri Dumas
 

Texas Businesses Now Must Decide: Require Face Masks or Not

Posted: Thu Mar 4 -- Where are all of the seasonal flu cases / deaths? I'd bet that many of the "200 deaths a day" are what would be expected in any usual flu... retired risk manager
 

Florida Legislative Session 2021: Insurance Bills to Watch

Posted: Wed Mar 3 -- It makes little difference what they do. In Florida, the well has been poisoned. You can put as much sugar in it as you want, but it is... Vox
 

Boy Scouts Reorganization Plan Calls for $300M Fund for Sex Abuse Victims

Posted: Wed Mar 3 -- The Wall Street Journal did an excellent editorial concerning this bankruptcy case. What is not said in this piece is the discovery being... Marke
 
Go To Popular Comments »
 
 
 
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