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October 20, 2020
 
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National

 

Survey Finds 78% of Risk Managers Now Buying Cyber Insurance

The tenth year of the Zurich North America and Advisen Cyber Survey reveals that 78% of risk managers now purchase some level of cyber...
 

Travelers Reports Strong 3Q with Profit More Than Doubling

The Travelers Companies had a strong third quarter, reporting net income grew to $827 million, up from $396 million in the prior year...
 

Startup Personal Lines Insurer Root Looking to Raise $604 Million in IPO

Automobile insurance startup Root Inc. said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the...
 

Battery Fires Make Headlines As Electric Vehicle Sales Take Off

First, Hyundai Motor Co. made headlines about its electric cars catching fire. Five days later, it was General Motors Co. and Ford Motor...
 

Trump EPA Saves Coal Plants Millions With Delay on Coal Ash Pond Closures

The Trump administration will let some leaking or otherwise dangerous coal ash storage ponds stay in operation for years more and some...
 

CDC Issues 'Strong Recommendation' for Mask-Wearing by All in Travel Settings

The U.S. Centers for Disease Control and Prevention on Monday issued a "strong recommendation" that all passengers and employees on...
 

Sompo International Adds D&O Coverage for Public Companies

Sompo International Holdings Ltd. has launched a new directors and officers liability insurance policy form for publicly-traded companies...
 

How AM Best's Workforce Stays Productive, Maintains a Sense of Belonging

Across the United States, work-from-home mandates helped to quell the spread of the COVID-19 virus. AM Best moved...
 
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East

 

Man Accused of Tampering with Pizza Dough Held Without Bail

A man accused of putting razor blades in pizza dough sold at a supermarket in Saco, Maine, has been ordered held without bail. Nicholas...
 

Second Search of Virginia Blast Site Finds No More Victims

Fire officials have completed another search of the site of a weekend explosion and fire in Harrisonburg, Va., and determined there are...
 

BenefitMall Adds Poli as Mid-Atlantic Market Director Based in Maryland

BenefitMall, a provider of next-generation broker services, has added Robert Poli as the new Mid-Atlantic market director. Bringing more...
 
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Midwest

 

Report: Cost of Damage from August Midwest Windstorm Up to $7.5B

Damage estimates from a rare windstorm that slammed Iowa and some other parts of the Midwest in August are growing, with the total now at...
 

Midwest Farmers Receive Record Federal Aid, Crop Insurance Payments Under Trump

U.S. President Donald Trump is assuring a bumper year for farmers as the Nov. 3 election approaches, with record government subsidies...
 

Michigan Egg Producer Hit with Federal Sex Harassment, Retaliation Lawsuit

A Michigan-based egg producer is facing a federal lawsuit alleging sexual harassment and retaliation against a female employer. Konos...
 
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Understanding Business Income
 
Business income coverage is arguably one of the most important coverages your commercial clients should have. Get THE book on the subject.
 
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Southeast

 

South Carolina School District Faces $3M in Repairs from Mold Damage

Officials for a South Carolina school district say it could cost up to $3 million to fix damage and prevent the future spread of mold...
 

Dean of S.C. Law School Apologizes for Emailing Private Student Bar Results

The dean of South Carolina's largest law school is apologizing for forwarding an email that contained the names of students who failed...
 

Halloran to Lead New PointeNorth Management & Executive Liability Practice

PointeNorth Insurance Group, LLC (PNIG), an independent insurance agency in the Southeast, has launched a management & executive...
 
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South Central

 

4 Accused of Staging Louisiana Big Rig Crash Settle for $4.7M

Four people have been charged in what prosecutors say was a staged wreck that was settled for $4.7 million. The indictment brought the...
 

Ratings of Texas' Hallmark Financial No Longer Under Review with Negative Implications

AM Best has removed from under review with negative implications and affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of...
 

Calhoun Joins LP Risk's Brokerage Team in Houston as Sr. VP

LP Risk Inc., a part of national specialty insurance distribution company XPT Partners, has hired Alicia Calhoun as senior vice...
 
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West

 

Disneyland Unions Tell California Governor Resort Can Be Reopened Safely Despite Virus

Unions representing over 10,000 Disney theme park workers have told California Gov. Gavin Newsom that the Disneyland Resort in Anaheim,...
 

California Pledges to Protect Homeowners from Insurer Withdrawals Due to Wildfires

California's insurance commissioner on Monday pledged to step up efforts to protect the state's residents from wildfires and address a...
 

Ex-Police Chief in Washington Turned Pinup Model Charged with Workers' Comp Fraud

A Snohomish County, Wash., woman faces two charges of making false or misleading statements to collect more than $67,000 in workers'...
 

Oregon Issues Wildfire Emergency Order and Bulletin for Insurers

The Oregon Department of Consumer and Business Services' Division of Financial Regulation has issued a new wildfire emergency order. The...
 

Specialty Broker NARDAC Launches in California

Newport Beach, Calif.-based NARDAC Insurance Services was recently launched by Jatin Sharma and co-founding partners Bill Kost and...
 
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International

 

Enstar Offers $34.50 per Share for Watford Holdings, Surpassing Arch Capital's Bid

Watford Holdings Ltd.'s board of directors announced they are considering an acquisition offer of $34.50 per share from Enstar Group...
 

Japan to Take Countermeasures to Prevent Cyber Attacks from Derailing Tokyo Games

Japan said on Tuesday it would take countermeasures to ensure next year's Tokyo Olympics are not derailed by cyber attacks after Britain...
 

Post-Brexit Reality: Europe Will Still Need London for Finance and Business - Opinion

Brexit could one day give the European Union an opportunity to challenge the City of London's dominance as a global financial hub. Right...
 

Tropical Storm Epsilon Grows in Strength as It Heads Toward Bermuda

Tropical Storm Epsilon has formed in the central Atlantic and will move northwest, probably growing into a hurricane as it nears Bermuda...
 

HDI Global Specialty Enters German Fine Art, High Net Worth Market with Hire from AXA

HDI Global Specialty SE is entering the German Fine Art and high net worth insurance market with the appointment of Dr. Alexander Wiebe...
 
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Business Income Insurance Demystified
 
Business income coverage is arguably one of the most important coverages your commercial clients should have. Get THE book on the subject.
 
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Research and Webinars

 
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Your Guide to Insuring High Net Worth Individuals

High net worth individuals and their families --- those with liquid assets of more than $1 million -- have an extensive variety...
 
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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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Key Insights from 2020 Auto Insurance Consumer Shopping Study

Boost retention by reaching out at the right time with the right message. Auto insurance consumers are shopping more than ever...
 
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A New Era of Consumerization

Consumerization of health care has been known as an innovative way to reduce costs for health plan sponsors and provide more...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 11: Where Are All the Cannabis Lawsuits?

Remember the infamous McDonald's hot coffee lawsuit from the 1990s? If blazing java on a...
 
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Increasing Diversity All About Dollars... And Sense

George Woods, a senior exec with Guy Carpenter, is an intriguing guest. He's knowledgeable...
 
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Reader Comments

 

New York City Coronavirus Rule Violations Net $150K in Fines

Posted: Mon Oct 19 -- Never trust data used by a politician to make a point or impose control. Mr. Integrity
 

Short-Term Rental Sites Combat Party Houses, Complaints as COVID Shuts Nightclubs

Posted: Wed Oct 14 -- Wow... Wonder what the insurance implications are for that? DDA
 

FCC Chief Vows to Advance New Social Media Company Liability Rules

Posted: Fri Oct 16 -- "The petition asked the FCC to limit protections for social media companies under Section 230, a provision of the 1996 Communications... Polar Hunter Em(ail)Bear-assed
 

Working From Home Is Here to Stay: Viewpoint

Posted: Thu Oct 15 -- 70% of all new cases of Covid was where the patient wore masks all the time. Another 14% of new cases wore masks most of the time. Masks are... Common Sense
 

Climate Change Will Increase Weather Disasters and Need for Humanitarian Aid: U.N.

Posted: Wed Oct 14 -- Why is it that every Climate Zealot ends up begging for more taxpayers money as the only solution? I mean, is destroying the economy by... Craig Winston Cornell
 
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