Insurance Journal
 
 

Today's Headlines

 
October 27, 2020
 
Today's Headline Sponsor: SIAA
 
 
 
adv
 
The Original. The Biggest. The Best.
 
Join us and experience the next level of success.
With more ways to earn income and grow, find out why 13% of independent agencies have partnered with SIAA.
 
EARN MORE
 
SIAA
 
 
 
 

National

 

Workers' Compensation Should See Profit This Year But Maybe Not in 2021: Fitch

Despite the economic challenges from the coronavirus pandemic, the workers' compensation insurance market is likely to report strong...
 

How Auto Workers Are Keeping Factories Running and Masks On

When the coronavirus pandemic slammed the United States in March, the Detroit Three automakers shut their plants and brought their North...
 

Pandemic Having LittIe Effect on Insurance Agency M&A Activity: OPTIS Partners

There were 170 announced insurance agency mergers and acquisitions during the third quarter of 2020 compared to 173 for the same period...
 

Lawsuit Alleges Uber Uses 'Biased' Rider Ratings to Fire Drivers

Uber Technologies Inc. was accused in a lawsuit of violating the U.S. Civil Rights Act by firing minority drivers based on how they're...
 

Goldman Sachs Denies Accusations of Attempted Cover-Up of Sexual Misconduct

Goldman Sachs Group Inc. attempted to cover up allegations of workplace sexual misconduct by the bank's global head of litigation, a...
 

AIG Names Zaffino to Succeed Duperreault as CEO; Will Spin Off Life Insurance Business

American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business...
 

Hotel Sector Falls on Tough Times as Insurance Rates Rise

The hotel industry was one of the first industries affected when COVID-19 forced the travel industry into standstill, and many predict it...
 

InsurTechs Start Reaching Size and Capacity That Commands Insurance Industry Attention

The latest crop of InsurTechs began appearing in force around 2015, with promises to disrupt the insurance industry and...
 
More National News »
 
 
 
adv
 
Reduce commercial auto risks
 
40% of all auto accidents are work-related. Soaring claims costs are raising commercial auto premiums. Share this eBook to help clients lower claims costs.
 
DOWNLOAD
 
Arrowhead General Insurance Agency, Inc.
 
 
 
 

East

 

Five Hospitalized After Factory Store Evacuated in Maine

Five people were hospitalized after a report of chemical exposure at a factory store in Skowhegan that led to the building's evacuation...
 

Hanover Insurance Enters Maryland Personal Lines Insurance Market

The Hanover Insurance Group Inc. (THG) has expanded its business in Maryland to include personal lines insurance and appointed a group of...
 

Ensurise Merges with Maryland's American Heritage Insurance Agency

Independent insurance agency Ensurise LLC has merged with the property and casualty insurance brokerage operations of American Heritage...
 
More East News »
 
 
 
adv
 
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.
 
Get the Book
 
Insurance Journal's Academy of Insurance
 
 
 
 

Midwest

 

Gantz Named Senior VP - Finance at Church Mutual in Wisconsin

Dwayne "Dewey" Gantz has joined Merrill, Wis.-based Church Mutual Insurance Co. as senior vice president - Finance, He reports to Kevin...
 

Study: Kansas Farmers Will Be Disproportionately Affected by Rising Temps

Growing corn and soybeans will become increasingly challenging for Kansas farmers as the climate warms, according to a recent Kansas...
 

MH Insurance Centre Deemed Agency of Year by Illinois Agents Group

The Independent Insurance Agents of Illinois (IIA of IL) has presented MH Insurance Centre LLC of Marion, Ill., with the IIA of IL Agency...
 
More Midwest News »
 
 

Southeast

 

Insurer Off the Hook in $200K Georgia House Fire Claim Due to Agent Premium Theft

A property insurer is off the hook for a $200,000 claim against a policy that it canceled, leaving a lawsuit filed against a former...
 

Miami Braces for More King Tides, Asks Residents to Report Floods Via App

The highest tides of the year, known as king tides, are here again to flood roads, parks and the occasional home or business. This year,...
 

6 Homes Evacuated as Sinkhole in Florida Neighborhood Grows to 50 Feet Wide

A sinkhole that opened earlier this month in a north Florida neighborhood expanded on Thursday, leading officials to urge residents from...
 

New CFC Intellectual Property Product Targets Risks of M&A Transactions

CFC has launched a new product designed to address intellectual property (IP) infringement risks facing buyers undertaking a merger or...
 
More Southeast News »
 
 

South Central

 

UPDATE: Tropical Storm Zeta Makes Landfall in Mexico, Threatens U.S. Gulf Coast

Zeta will move into the Gulf of Mexico in the next few hours after making landfall on the Yucatan Peninsula, then regain strength as it...
 

El Paso Judge Imposes Curfew as Virus Cases Overwhelm Hospitals

Residents in the Texas border city of El Paso have been urged to stay home for two weeks as a spike in coronavirus cases overwhelms...
 

COVID-19 Aid Deadline Extended for Louisiana Fisheries Following Storms

Damage from Hurricanes Laura and Delta has prompted Louisiana to extend the deadline for fisheries' workers and businesses to apply for...
 

Texas Nonstandard Auto Insurer Placed into Receivership

A Travis County, Texas, judge has approved an order placing a Houston-based nonstandard auto insurer into receivership. On Oct. 21,...
 
More South Central News »
 
 

West

 

Oregon Vineyards Lose Lawsuit Against Nearby Cannabis Operation

Two Oregon wine grape growers have failed to convince a state judge their grapes would be marred by odors from a neighboring marijuana...
 

Winds Fanned California Fires and Kept Thousands of Evacuees Away

Crews tried to beat back two out-of-control wildfires in Southern California on Tuesday that have kept tens of thousands of people out of...
 

Honda, Arizona Agree to $5M Settlement Over Air Bags

Honda has agreed to a $5 million settlement with Arizona over allegations that it failed to disclose defects in air bags that led to two...
 

Lawsuit Filed Against Montana Nursing Home for Negligence in Virus Deaths

A long-term care facility in Montana has been sued after health officials said its staff was negligent and allowed the coronavirus to...
 

Judge in California OKs $78M Settlement by Air Medical Company

A judge has given final approval to a $78 million settlement by a medical helicopter company that was sued by its California flight crew...
 
More West News »
 
 
 
adv
 
California Vacant Package Program
 
15% commission! Up to $15M available for property and GL on a monoline basis for all vacant risks. In-house delegated authority by an 'A' rated carrier.
 
Learn More
 
FTP of California
 
 
 
 

International

 

Insurers Face Liability Uncertainties as Ships Begin to Sail Through Arctic Waters

When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong. Double the manpower is needed to...
 

UPDATE: Tropical Storm Zeta Makes Landfall in Mexico, Threatens U.S. Gulf Coast

Zeta will move into the Gulf of Mexico in the next few hours after making landfall on the Yucatan Peninsula, then regain strength as it...
 

Typhoon Molave Heads to Vietnam After Killing at Least 9 People in Philippines

Typhoon Molave killed at least nine people and left 13 others missing in the Philippines, according to disaster-response officials,...
 

China's Ping An Insurance Reports 7.74% Hike in Q3 Profit

Ping An Insurance Group Co of China Ltd on Tuesday reported a 7.74% rise in net profit, its first quarterly profit increase in a year, as...
 

Marsh Appoints Klint as Risk Management Segment Leader for Continental Europe

Insurance broker Marsh announced the appointment of Carolina Klint as risk management leader for Continental Europe. Based in Stockholm,...
 
More International News »
 
 
 
adv
 
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.
 
Get the Book
 
Insurance Journal's Academy of Insurance
 
 
 
 

Research and Webinars

 
adv

Risk Management Checklist for P&C Brokerages

Businesses choose to work with companies that make them smarter, protect them from risk, and generally, make life easier. Does...
 
adv

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...
 
adv

Discover All the Inherent Risks of a High Net Worth Individual

High net worth individuals and their families --- those with liquid assets of more than $1 million -- have an extensive variety...
 
adv

OSHA Top 10 eBook

Brokers, help your insureds avoid the most frequently cited violations. OSHA citations. They're rampant, they hide in plain...
 
More research and webinars »
 
 

Insurance Journal TV

 
adv

EP. 11: Where Are All the Cannabis Lawsuits?

Remember the infamous McDonald's hot coffee lawsuit from the 1990s? If blazing java on a...
 
adv

Increasing Diversity All About Dollars... And Sense

George Woods, a senior exec with Guy Carpenter, is an intriguing guest. He's knowledgeable...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Questions on starting IA

Posted: Tue Oct 27 -- I agree 100%. Pick one or the other and rock it! gebhardt
 

ACV vs Rep Cost for leased property loss

Posted: Tue Oct 27 -- Was their an endorsement for the leased copier on the policy? Was it scheduled? gebhardt
 

CGL For Power Sport Rental Company-ID

Posted: Tue Oct 27 -- Did you ever find a place to put this? I would try RT Specialty but expect premiums to be at least 250k ++ gebhardt
 

Aggregators

Posted: Mon Oct 26 -- We've been with ASNOA for ~6 years and have been very happy with them. Mikerob7
 

How can a new agent obtain appointments?

Posted: Mon Oct 26 -- Joining an aggregator such as ASNOA is a good option. You do give up some of your commissions but in turn, you're receiving many more... Mikerob7
 

Workers comp ghost policy

Posted: Mon Oct 26 -- BTIS & NCCI are the only options I've seen for a ghost policy Mikerob7
 
Go To Forums »
 
 

Reader Comments

 

Election Security: Retailers Board Up Stores Amid Fears Over More Civil Unrest

Posted: Wed Oct 21 -- RIOTS....IT'S RIOTS! Jack
 

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

Posted: Tue Oct 20 -- I don't see why a NATIONAL health issue should not have a consistent NATIONAL response. It takes leadership to make the hard decisions, even... Caldude
 

Insurer to Appeal Restaurants' Win in North Carolina COVID Business Interruption Case

Posted: Fri Oct 23 -- A bad decision from a local trial court judge running for re-election. If you read the decision, you can see commentary from the judge that... Bill
 

Applied Underwriters Sues California Over 'Bad Faith' Insurer Conservatorship Plan

Posted: Wed Oct 21 -- This case is interesting although I do not know the details beyond the article. It appears that the company is financially sound and the... Observor
 

Battery Fires Make Headlines as Electric Vehicle Sales Take Off

Posted: Tue Oct 20 -- Electric Car Salesman: "You will love this car! It costs 30% more than a comparable gas-powered car. It runs on electricity from cheap... Craig Winston Cornell
 
Go To Popular Comments »
 
 
 
Contact us | Subscribe | Send to a Friend
 
This email was sent to [email protected].
 
Don't want this anymore? Update your subscription or unsubscribe from all lists.
 
Insurance Journal
3570 Camino del Rio North, Suite 100
San Diego, CA 92108
(800) 897-9965
Insurance Journal | Claims Journal | MyNewMarkets | Academy Of Insurance | Carrier Management