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November 17, 2020
 
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State of the Market
 
Our report provides industry intelligence and expert insights on key segments of the property, casualty and professional lines insurance marketplace.
 
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National

 

Is the Aviation Insurance Market Ready for a COVID-19 Vaccine?

As the development, and possible mass production, of COVID-19 (C-19) vaccines gather speed, the transportation and logistics industry...
 

Zywave Snatches Up Advisen in Move to Accelerate Global Growth

Insurance technology company Zywave snatched up Advisen, a global insurance data provider, in a deal expected to fuel more rapid...
 

Cyber Security Top Concern for Businesses in 'Age of Risk,' Marsh's Glaser Says

Cyber security has emerged as the most pressing exposure for business confronting a new "age of risk," topping the coronavirus pandemic...
 

Market Value of Insurers, Drugstores Drops on Amazon Plans to Sell Prescription Drugs

The leading drugstores, drug distributors and health insurers lost about $22 billion in market value Tuesday after Amazon.com Inc....
 

Federal Reserve Raises Questions Over Life Insurers' Risk of Coronavirus Claims

U.S. life insurers face questions about their ability to cover a sudden rush of claims after the Federal Reserve highlighted liquidity...
 

U.S. Safety Agency Expands Probe Into 159,000 Teslas Over Touchscreen Failures

The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it was expanding a probe into nearly 159,000 Tesla Model S...
 

Arch Insurance N. America Hires Former The Guarantee CEO Ruschak as EVP, Surety

Arch Insurance North America announced that Stephen Ruschak has been hired as executive vice president, Surety. Ruschak most recently was...
 

State Farm Fire Prevention Pilot Tests Sensors That Detect Electrical Wiring Defects

State Farm is sending sensors that can detect hazards in electric wiring to 40,000 homeowners in California, Arizona and Texas as part of...
 

Florida Homeowners Insurtech TypTap Goes National

After launching in Florida as a flood insurer in 2016 and expanding into the homeowners market in 2018, TypTap Insurance Co. has officially...
 

Are Forever Chemicals a Forever Problem for Insurers?

Much discussion of casualty catastrophe is consumed with talk of the "next asbestos," the $100 billion insurance loss...
 
More National News »
 
 
 
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East

 

Two Dead, One Missing in Blast at Veterans Hospital Outbuilding in Connecticut

An apparent steam explosion in a maintenance building at a Veterans Affairs hospital in Connecticut killed two people Friday, and a third...
 

Kaufman Dolowich & Voluck Hires Mancebo as a Partner in New York City

Kaufman Dolowich & Voluck LLP (KDV), a national law firm serving the business and insurance communities and headquartered in Woodbury,...
 

Connecticut's TigerRisk Partners Appoints O'Keefe as Head of Strategy

TigerRisk Partners has appointed Bill O'Keefe as its head of Strategy. In this new role, O'Keefe will identify growth initiatives, advise...
 
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Midwest

 

Michigan Governor Says She Has Authority for Virus Stay-Home Order

Michigan Gov. Gretchen Whitmer said on Nov. 16 she has the authority to issue a second stay-at-home order to curb the spiking coronavirus...
 

All Risk's Foley Named National Personal Lines Leader at Risk Placement Services

Risk Placement Services (RPS) in Rolling Meadows, Ill., has hired Brian Foley to lead its National Personal Lines Practice. This is a new...
 

Kansas College Settles Discrimination Lawsuit Over Athlete Recruitment

A small community college in northeast Kansas has settled a lawsuit accusing it of directing coaches to recruit more white athletes and...
 

Nurses in North Dakota Worry About Working with Sick Colleagues

Like many medical workers around the world, the coronavirus pandemic is a burden that Fargo emergency room nurse Adam Johnston can't...
 
More Midwest News »
 
 
 
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Southeast

 

Lawrence to Lead Tennessee Insurance Department

Tennessee Governor Bill Lee has selected Carter Lawrence to serve in his cabinet as commissioner of the Tennessee Department of Commerce...
 

Kentucky High Court Says Governor Can Restrict Businesses in Virus Fight

Kentucky's Supreme Court on Thursday upheld the governor's authority to issue coronavirus-related restrictions on businesses and...
 

South Carolina County Mulls Loosening Mining Regulations

A South Carolina county is considering relaxing its mining regulations. The Sun News in Myrtle Beach reports Horry County Council could...
 

Citizens People Moves: Thomas Joins Board, Beruff Becomes Chair, Dunbar to Rep FIGA

Several changes came to Florida's Citizens Property Insurance Corp. Board of Governors this month with two new appointments and the...
 
More Southeast News »
 
 
 
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South Central

 

HIIG in Houston Rebrands as Skyward Specialty Insurance Group

Houston, Texas-based Houston International Insurance Group (HIIG) is changing its name to Skyward Specialty Insurance Group (Skyward...
 

Babineaux Named Chief Sales Officer at Louisiana's Dwight Andrus Insurance

Dwight W. Andrus Insurance Inc., based in Lafayette, La., has appointed Erroll "Charlie" Babineaux Jr. chief sales officer. Babineaux...
 

Texas Issues Call to Insurance Companies for 2019 North Texas Storm Data

The Texas Department of Insurance has issued a call to insurers licensed to write property/casualty insurance in Texas, including surplus...
 
More South Central News »
 
 
 
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West

 

20 Farms in Washington Fined for Not Protecting Workers From COVID-19

Three Mid-Columbia farms are among those receiving the biggest fines in the state from the Washington state Department of Labor and...
 

Magnitude 5.5 Earthquake Confirmed in Remote Corner of Nevada

A magnitude 5.5 earthquake struck a remote corner of Nevada early Friday, shaking the desert and a nearby town, the U.S. Geological...
 

M.J. Hall Adds Marsh from Risk Placement Services in Arizona

MJ Hall & Co. has added Maaika Marsh as a lead broker. Marsh is based in Chandler, Ariz. She has more than 10 years of experience in...
 

Topa Insurance in California Names Pavone Vice President of Underwriting

Calabasas, Calif.-based Topa Insurance Group has promoted Susan Pavone to vice president of underwriting. Pavone will oversee the...
 
More West News »
 
 
 
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International

 

Is the Aviation Insurance Market Ready for a COVID-19 Vaccine?

As the development, and possible mass production, of COVID-19 (C-19) vaccines gather speed, the transportation and logistics industry...
 

Ten Largest Insurance Markets Likely to See 4.5% Drop in GDP During 2020

The world's 10 largest insurance markets are cumulatively expected to see their gross domestic product (GDP) decrease by 4.5% in 2020...
 

Flexible Work Could Boost Applications from Women for Senior Roles by 20%: Zurich

Employers that embrace flexible working after the COVID-19 pandemic could boost applications from women for top jobs by as much as 20%,...
 

Canada's Banks, Insurers to Participate in Pilot Climate Risk Project

Some of Canada's largest banks and insurers are set to participate in a pilot project to better understand the risks to the financial...
 

Most Powerful Atlantic Hurricane of 2020 Hits Central America

Hurricane Iota slammed into Central America late Monday with ferocious winds and rain, threatening to cripple a region already reeling...
 

Specialty Re/Insurer Convex Group Raises $1B in Additional Capital

Specialty insurer and reinsurer Convex Group Ltd. announced it has secured commitments for an additional $1.0 billion of equity capital,...
 

Swiss Re Names Kitsikis as Head of Client Markets P&C for Canada, English Caribbean

Swiss Re announced the appointment of Agis Kitsikis as head of Client Markets P&C for Canada and English Caribbean, effective...
 
More International News »
 
 
 
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Research and Webinars

 
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How the Best Agencies Stand Out

Independent agencies today face an increasingly commoditized market, with new competitors constantly on the rise, and technology...
 
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Unlocking Big Growth in Small Commercial

To say that the commercial insurance industry is experiencing a moment of massive, unprecedented transformation would be an...
 
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OSHA Top 10 eBook

Brokers, help your insureds avoid the most frequently cited violations. OSHA citations. They're rampant, they hide in plain...
 
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Auto Insurers: Reduce Claim Costs And Increase Customer Retention

Influencing the auto insurance claims process from the moment of impact reduces claim costs and improves policyholder...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 14: What an Election Green Wave in Five States Means for the Industry, Insurers

Elections Part II Nov. 3 came and went, and while there's some still contentious feelings...
 
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EP. 1: Insurance's Digital Transformation in the COVID-19 Era

"Insurance is a technology industry now."   That's according to Todd Lukens, chief...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Agency Management System

Posted: Sat Nov 14 -- Does anyone have information on QuikFuzion? They sound great, just what my startup would need and the price is great. I just can't find any... FLMA
 

Workers' Comp Audit Companies- Your Opinion?

Posted: Tue Nov 10 -- Is any member familiar with some of the workers' compensation auditing companies that have been around for a while? If so, what is your... insight3fl
 

Aggregators

Posted: Tue Nov 3 -- Curious as to what state you are in and what ASNOA has brought to the table for you. mightyquinn
 
Go To Forums »
 
 

Reader Comments

 

World Encouraged by Moderna, Pfizer Vaccines' Success in Trials

Posted: Mon Nov 16 -- Trump said we would have a vaccine by year's end. People who knew nothing mocked him. Time to give Trump credit, Rosenblatt? (please explain... Craig Winston Cornell
 

Employers Facing Wave of Lawsuits by Parents Fired During Pandemic

Posted: Thu Nov 12 -- The economic and health impact of the virus will be worse than the cure . . . there is already evidence of the same in terms of suicides,... Mr. Integrity
 

Court Upholds Harvard's Use of Race in Admissions; Opponents Eye Supreme Court

Posted: Fri Nov 13 -- Polar is right about an inevitable result. I think that everybody knows this. The right holds the cards in the Supreme Court. Plaintiffs are... Vox
 

Supreme Court Again Weighs Fate of Affordable Care Act

Posted: Tue Nov 10 -- "Fourth, the 2017 repeal of the mandate to insure via removal of the tax penalty essentially leads to the repeal. ACA’s wording doesn’t... Rosenblatt
 

Study Shows COVID-19 Patients at Greater Risk of Mental Health Problems

Posted: Tue Nov 10 -- "The study also found that people with a pre-existing mental illness were 65% more likely to be diagnosed with COVID-19 than those without."... AgentForce
 
Go To Popular Comments »
 
 
 
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