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Today's Headlines

 
October 12, 2021
 
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National

 

U.S. Has Had 18 Weather Events Each With $1 Billion Losses Thus Far in 2021

Through the end of September, there have been 18 weather and climate disaster events with losses exceeding $1 billion each across the...
 

U.S. Property Insurers Could be Facing $12.5B in Hidden Cyber Losses

The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and...
 

Pentagon Ex-Software Chief Claims China Has Already Won AI Battle

China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its...
 

Potentially 'Massive' Litigation Over Recalled Philips Sleep Apnea Devices Advances

Royal Philips NV will face more than 100 U.S. lawsuits gathered in a Pennsylvania court over its recall of more than 3 million devices...
 

Government Can and Should Help Reduce Cyber-Security Risks: ITC Highlights

It's no secret that cyber insurance rates keep rising into the stratosphere. But the U.S. government can take specific actions to help...
 

Looking to 1918 Pandemic for Clues on Emerging From COVID-19

Karen Baldridge rolled up her sleeve to get her covid-19 booster vaccine. "I'm trying to baby myself and (am) doing everything that I can...
 

Howden's DUAL Acquires Align Financial; Sweeney, Johnson to Lead; O'Connor Exits

London-based DUAL, the underwriting arm of Howden Group Holdings, reports it has completed the acquisition of Align Financial Holdings...
 

ESG and the Future of Energy

One area receiving increased scrutiny by underwriters are ESG related issues, or environmental, societal and government requirements,...
 

J.D. Power Agents' Survey Reveals Top-Ranked P/C Carriers (Story in Charts)

Neglected no more. Independent agents are feeling the love from property/casualty insurance carriers--and the scores...
 
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East

 

Police Investigating Pair of Suspicious Fires in Vermont

Authorities are investigating whether two suspicious fires in Vermont are connected. One of the fires happened Saturday at an auto repair...
 

SECURA Insurance Begins Offering Specialty Lines Products in Pennsylvania

SECURA Insurance has begun offering its specialty lines products in Pennsylvania. For the initial launch, the company is partnering...
 

Hub International Limited Acquires Assets of New York's Safe Harbour Group

Hub International Limited, a global insurance brokerage and financial services firm, acquired the assets of Safe Harbour Group Ltd. Terms...
 
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Midwest

 

14 Charged in Michigan in $3M Insurance Fraud Scheme

Fourteen people have been charged in conjunction with an insurance fraud and theft scheme uncovered by a joint investigation by the...
 

People Moves: McNally President of Amynta Dealer Solutions; New Officers at Michigan PIA; PIAW Award Winners

McNally Named President of Amynta Dealer Solutions Amynta Group, a provider of property/casualty and warranty protection products and...
 

Wisconsin School District Sued by Parent Whose Child Contracted COVID-19

A parent has sued a southeastern Wisconsin school district after her son contracted COVID-19 from a classmate. The Milwaukee Journal...
 

Tornadoes Rip Oklahoma; Storms Rock Central U.S.

Severe storms brought suspected tornadoes and baseball-sized hail to parts of Oklahoma, but there were no reports Monday of deaths or...
 
More Midwest News »
 
 

Insurance Jobs

 

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Southeast

 

Despite Collapse Fears, Condo Sales in South Florida Are Soaring

Despite the collapse of a condominium building in June and the growing threat of rising sea levels, condo sales in South Florida have...
 

Following Last Year's Rate Hike, Alabama DOI to Hold Hearing on Comp Decrease

The Alabama Department of Insurance will hold a hearing Nov. 16 on a proposed, significant decrease in workers' compensation loss costs...
 

Gallagher Acquires SeaCoast Underwriters

Arthur J. Gallagher & Co.'s wholesale brokerage, binding authority and programs division known as Risk Placement Services has acquired...
 

North Carolina Clarifies Use of European Lumber in Building Codes

Thanks to the continuing shortage and price levels of some types of framing lumber, the North Carolina Department of Insurance hopes to...
 

People Moves: McGriff Adds Norgan; Green to SIU

SIU Names David Green Practice Leader for Professional Lines Georgia-based Southern Insurance Underwriters has named David Green its new...
 
More Southeast News »
 
 

South Central

 

Gov. Abbott Bars All COVID-19 Vaccine Mandates in Texas, Rips Biden for 'Bullying'

Republican Texas Gov. Greg Abbott, responding to what he called "bullying" by the Biden Administration, on Oct. 11 barred all COVID-19...
 

Senators Agree Federal Hurricane Prevention for New Orleans Worked During Ida

U.S. senators on Oct. 6 promoted a federal hurricane system's performance in New Orleans during Hurricane Ida, but noted that other...
 

Tornadoes Rip Oklahoma; Storms Rock Central U.S.

Severe storms brought suspected tornadoes and baseball-sized hail to parts of Oklahoma, but there were no reports Monday of deaths or...
 
More South Central News »
 
 
 
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West

 

Popular California Beach City Reopens After Massive Oil Spill

A Southern California beach that was closed more than a week ago because of a leak of crude oil from an undersea pipeline reopened on...
 

Strong Earthquakes Confirmed off Coast of Hawaii

Two strong earthquakes struck off the coast of the Big Island in Hawaii on Sunday, rattling residents and causing items to fall off...
 

Magnitude 6.5 Earthquake Struck off Coast of Alaska

An earthquake with a preliminary magnitude of 6.5 struck early Monday off the coast of Alaska, the U.S. Geological Survey confirmed. The...
 

Hub Acquires Assets of Baird in California

Hub International Ltd. acquired the assets of Jerry Baird Insurance Agency and Baird Crop Insurance Agency. Terms of the deal were not...
 
More West News »
 
 

International & Reinsurance

 

Rich Nations Face Demands to Pay for Climate Damages Caused by Historical Emissions

The aftermath of Hurricane Irma has left deep scars in the tiny island nations that were in the path of the Category Five storm just...
 

Financial Services Groups Urge G20 Leaders to Set 'Clear, Credible, Ambitious' Climate Goals

Financial services groups responsible for more than $90 trillion in assets on Monday called for the leaders of the world's largest...
 

How New International Deal Could Stem Corporate Use of Tax Havens

FRANKFURT, Germany (AP) - More than 130 countries have forged a deal on sweeping changes in how big global companies are taxed. The goal:...
 

China Evergrande Misses 3rd Round of Bond Payments, Intensifying Contagion Fears

HONG KONG - China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over...
 

Lloyd's Re/Insurer Apollo Receives $90M Investment From Alchemy Partners

Apollo Group Holdings Ltd., the largest independent, management-owned business at Lloyd's, announced it has agreed a $90 million...
 

Howden Acquires Norwegian Broker Aneco Forsikringsmegling AS

Howden, the London-based international insurance broker, announced the acquisition of Oslo-based retail broker Aneco Forsikringsmegling...
 

Specialty MGA Rokstone Launches Terrorism Facility in the UK, Led by Ensurance's Steel

Rokstone, the London-based speciality re/insurance managing general agency, has launched a new terrorism facility with "A"-rated capacity...
 

SiriusPoint Appoints Reinsurance Exec Heerasing; HDI Promotes Ogden as Director of Underwriting/Distribution; Besso Builds Property/Specialty Team With Hires From Tysers

This edition of International People Moves details appointments at re/insurer SiriusPoint, insurer HDI Global, and Lloyd's broker Besso....
 
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Insurance Journal Blogs and Columns

 

STDs and the PAP

You may have heard and even laughed about GEICO being sued by a Missouri woman who contracted a sexually transmitted disease (STD) as a...
 

Attract and Retain Top Producers by Creating an Exceptional Employee Experience

This post is part of a series sponsored by AgentSync. The insurance industry's "talent crisis" has received no lack of coverage in recent...
 
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Research and Webinars

 
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Reducing Workers' Compensation Risks in the Construction Industry

With increased demand for new homes and building materials, the industry faces challenges finding skilled workers to do the job....
 
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Mobile Telematics: The solution to driving your business forward.

Are you still using Credit Score to assess risk? Move beyond legacy methods of assessing risk with proven insurance solutions...
 
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Discover Your Opportunity to Enhance Policyholder Experience

Your response to a client's disaster is the key to customer satisfaction, retention, and referrals. Insurance providers need a...
 
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Agents have the expertise. Now they have the quoting speed, too.

Businesses rely on their agents and brokers to understand the risks they face and to make recommendations on how to best protect...
 
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Tapping Into the Growing Home Based Business Market

The world has changed. Work has changed. Growing numbers of people are stepping away from corporate America and setting up home...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 34: Insuring Cannabis is Impossible Without Surplus Lines, so a Hardening Market is a Thing to Watch

It may not come as much of a surprise to those who know about insurance and cannabis that the...
 
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EP.24: Are Public, Private Partnerships the Answer to Cybersecurity's Risk Management Problem?

The Biden Administration is increasingly prioritizing growing ransomware threats as a risk...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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