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Today's Headlines

 
October 6, 2020
 
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National

 

Rebuilding in Wildfire Zones: A One-Stop Shop for Wildfire Victims

California is on fire. Already this year, thousands of people have lost their homes, and communities are struggling to figure out how to...
 

Bold Penguin Acquires RiskGenius in Commercial Insurance Technology Deal

Insurance technology firm Bold Penguin has acquired RiskGenius in a deal that the two commercial lines insurtechs said will help grow...
 

Hollywood's Insurer Braces for Claims Due to COVID-Related Movie, TV Shutdowns

Allianz SE, Europe's largest insurer, is bracing for a flood of claims after movie and television studios were forced to curtail...
 

Personal Lines Insurtech Root Files IPO Proposal with SEC

Root, Inc., the parent company of Root Insurance Co., has filed a registration statement with the Securities and Exchange Commission for...
 

Judge Orders Cisco to Pay $1.9 Billion in Cybersecurity Patent Lawsuit

A U.S. judge on Monday ordered Cisco Systems Inc. to pay $1.9 billion to a Virginia company that accused it of copying its cybersecurity...
 

An Insurance Lyft: CSAA Forms Rideshare Carrier; Allstate, Liberty Mutual Offer Coverage

A new carrier has joined the rideshare insurance market, offering coverage to Lyft drivers in 11 states. At the same time, ridesharing...
 

Insurance Consumer Advice for Buyers of High-Risk Homes: Liz Weston

When house hunting, the price of homeowners insurance probably isn't top of mind. But homes with hidden risks can make getting coverage...
 

Report: Crisis Management Needs Unmet for 60% of Mid-Sized Businesses

Nearly 60 percent of mid-sized businesses said crisis management remains a top unmet need in terms of reducing risk exposure. At the same...
 

How to Acquire and Retain the Right Insurance Customers in a Post COVID-19 World

The impact of the COVID-19 outbreak has been devastating for the global economy, and with many countries in extended...
 
More National News »
 
 
 
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EMC Insurance Companies
 
With EMC's local knowledge, personalized service and tailored solutions, you can bring the best products to the table to meet the unique needs of your customers.
 
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Featured Events

 
ACORD Industry First

ACORD Industry First

October 20 / virtual
 
Claims Innovation USA Virtual Event

Claims Innovation USA Virtual Event

October 26 / Virtual
 
 
 

East

 

Feds Fault Operator, Regulators in New York Limo Crash That Killed 20

State regulators repeatedly failed to properly oversee a poorly maintained stretch limousine with corroded brakes that hurtled down a...
 

Hub International Limited Acquires Virginia's WFG Benefits

Global insurance brokerage Hub International Limited has acquired the assets of WFG Benefits Inc. Terms of the transaction were not...
 

World Insurance Associates Acquires New York's Paul Global Benefits

World Insurance Associates LLC (WIA) has acquired Paul Global Benefits Inc. (PGB) of Syosset, N.Y., on September 1, 2020. Terms of the...
 
More East News »
 
 
 
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A First For Insurance
 
The cloud-native technologies used by Netflix, Google and Apple now offer insurance carriers the same promise of digital freedom and more. Join us live.
 
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Midwest

 

First Mainstreet Insurance Acquires Two Iowa Agencies

First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., has acquired two Iowa agencies: Brummel Madsen...
 

Fillizola Joins Instec's Senior Executive Team in Illinois

Chuck Fillizola has joined Naperville, Ill.-based Instec as president and chief revenue officer. In this newly created position, he will...
 

Holicky, Holloway Join DOXA Insurance in Indiana

DOXA Insurance Holdings, in Fort Wayne, Indiana, has added Stu Holloway as vice president and southeastern region sales director and...
 
More Midwest News »
 
 
 
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Two ACORD Events
 
ACORD is excited to announce two virtual events for our members this October: ACORD Industry First and ACORD Connect.
 
Find Out More
 
ACORD
 
 
 
 

Southeast

 

Tropical Storm Delta Expected to Threaten Gulf Coast as Major Hurricane This Week

10/06/2020 09:09 AM-- Hurricane Delta, the 25th named Atlantic storm this year, is moving toward the Gulf of Mexico and expected to take...
 

South Carolina Passes Flood Insurance Law to Boost Private Market

The state of South Carolina is aiming to foster new flood insurance coverage options through the enactment of the South Carolina Private...
 

Alabama Coast Struggles to Recover from Hurricane Sally

Alabama's beaches have reopened, but the state's coast has hardly recovered fully from the effects of Hurricane Sally last month....
 

Cypress P&C of Florida Promotes Rine to President, Taps Hillier as CFO & Treasurer

Cypress Property & Casualty Insurance Co. has promoted Jay Rine to president and new hire, Trevor Hillier will assume the role chief...
 
More Southeast News »
 
 
 
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Q: The Future of Underwriting is _____?
 
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South Central

 

Texas Surplus Lines Stamping Fee to Decrease in January

The stamping fee for recording surplus lines insurance policies in Texas will drop from the current rate of 0.15% of gross premium to...
 

A New Agency, TWFG Casey Cato Insurance, Opens in Houston

The Woodlands, Texas-based TWFG Insurance, has opened a new branch in Houston: TWFG Casey Cato Insurance. Owner Casey Caso, an...
 

Energy Firm Evacuations Underway as Another Major Storm, Delta, Threatens Gulf Coast

Energy companies on Monday began evacuating offshore oil platforms as the 25th named storm of the year formed in the Caribbean and was...
 
More South Central News »
 
 
 
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Safety is the Recipe for Dividends
 
By serving up safety, members of the Texas Restaurant Association Safety Group are eligible for dividends, discounts and more.
 
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West

 

Rebuilding in Wildfire Zones: A One-Stop Shop for Wildfire Victims

California is on fire. Already this year, thousands of people have lost their homes, and communities are struggling to figure out how to...
 

Family of Autistic Teen Getting $7.5M in California Golf Cart Death Settlement

The mother of an autistic teenager who died in a golf cart crash at a Southern California high school will receive $7.5 million in a...
 

Alaska Pilot's Blood Alcohol Was 5 Times Over Limit, Report Shows

The National Transportation Safety Board confirmed an Alaska airplane pilot involved in a fatal crash had a blood-alcohol level more than...
 

WCF Names Stireman Regional Vice President in Utah

WCF Insurance has promoted Laura Stireman to Utah regional vice president. Stireman and her team Kevin McGee, Randah Urbina, and Tovik...
 

California Workers' Comp Premium for First Two Quarters of 2020 Down 11%

Written workers' compensation premium in California for the first two quarters of 2020 was 11% below that for the first two quarters of...
 

Wholesale Trading Insurance Services Acquires Landmark E&S in California

Wholesale Trading Insurance Services LLC and its parent company, Jencap, LLC, have agreed to acquire privately held Landmark E&S...
 
More West News »
 
 
 
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CA Dwelling Fire Decreased Rates
 
We are pleased to announce that we recently decreased rates by 3.5 - 6.1% in certain territories for our California Dwelling Fire Program.
 
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International

 

Allianz CEO Cautions European Governments on Spending for Coronavirus Recovery

Allianz CEO Oliver Baete said on Tuesday that European governments needed to be careful about spending record amounts on the COVID-19...
 

The New Digital Normal and the Future of Work in Reinsurance

It's been said that necessity is the mother of invention. That proverb was illustrated perfectly during the insurance industry's...
 

Top EU Court Rules Mass Spying on Phone, Internet Data Is Unlawful

The European Union's top court ruled on Tuesday that unrestrained mass surveillance of phone and internet data is unlawful, in a move...
 

Hub International Buys Canadian Benefits Consultancy Firm, Clearpoint

Hub International Ltd., a Chicago-based global insurance broker, announced it has acquired Canadian benefits firm, Clearpoint, which...
 
More International News »
 
 
 
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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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Insurance Journal Blogs and Columns

 

4 Facts I Learned Watching the Strems Trial

One of the unexpected consequences of the COVID-19 pandemic is that I found myself able to watch a live courtroom proceeding from the...
 
More Blogs »
 
 

Research and Webinars

 
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Connectivity is key: How to bridge the gap between carriers, agents, and customers

Let's face it—the distribution channel has treated carriers, agents, and customers well in the past, but the digital world we...
 
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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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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...
 
More research and webinars »
 
 

Insurance Journal TV

 
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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...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Habitat for Humanity

Posted: Wed Sep 23 -- Hi Wayne, You've gotten one response in the forums thread on MyNewMarkets. It reads: "Anderson and Murison should be able to assist you with... KHoney
 

Workers comp ghost policy

Posted: Wed Sep 23 -- I think the ghost policy referred here means a WC policy without, and not expecting any actual employee/payroll. It is simply to meet... wariline
 
Go To Forums »
 
 

Reader Comments

 

Allstate to Cut 3,800 Jobs as Latest Step in Multi-Year Growth Plan

Posted: Thu Oct 1 -- This is terrible. For all of these massive publicly traded insurers it is a race to the bottom. Everyone wants to trim expenses to... Augustine
 

Florida Attorney Behind Thousands of Insurer Lawsuits Violated 14 Bar Rules: Judge

Posted: Wed Sep 30 -- Florida home owners are being hit with 40%-60% rate increases due in large part to the one-way attorney’s fee statute and the courts... Wayne
 

Insurers Gain Early Wins in COVID-19 Business Interruption Lawsuits

Posted: Mon Oct 5 -- It's refreshing to hear such common sense rulings, and affirm that PHYSICAL PROPERTY damage needs to have occurred for the BI to be... John V.
 

Connecticut Workplace Shooter Says Gun Fired By Accident

Posted: Tue Sep 29 -- No such thing as an accidental discharge. They are negligent discharges. In this case it was an incredibly stupid, criminal, negligent... Texkraut
 

Court Approves $800 Million Settlement For Las Vegas Shooting Victims

Posted: Mon Oct 5 -- Where do I start...make insurance companies pay for something not covered. Hmmm...where does that lead. Higher premiums for ALL. Forest for... Jack
 
Go To Popular Comments »
 
 
 
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