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Today's Headlines

 
September 7, 2021
 
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National

 

Large Insurers Embrace Digital Exchanges, Selling Their Own and Other Policies

Major U.S. insurers are joining new digital exchanges to sell not only their own policies but also those of rivals, a fresh twist in an...
 

Weather Catastrophes Growing in Numbers and Damages But Taking Fewer Lives

Weather disasters are striking the world four to five times more often and causing seven times more damage than in the 1970s, the United...
 

Despite Police Officer, Firefighter Deaths, Some Still Resist COVID Vaccines

It was supposed to be a turning point in the coronavirus pandemic for Erin Tokley, a longtime Philadelphia police officer, Baptist...
 

In COVID Automation Boom, Robots and Apps Find Work at Services Firms

Ask for a roast beef sandwich at an Arby's drive-thru east of Los Angeles and you may be talking to Tori -- an artificially intelligent...
 

Drug Distributors Signal $26B Opioid Settlement with States to Proceed

Three large U.S. drug distributors and drugmaker Johnson & Johnson will proceed with a proposed $26 billion settlement resolving claims...
 

Obstacles to Wider Acceptance of Usage-Based Auto Insurance Remain

Usage-based personal auto insurance may be drawing ever-increasing attention. Its wider adoption is stymied, however, by customer age and...
 

Kraft Heinz, 2 Execs to Pay $62M to Settle Charges of False Accounting

The Kraft Heinz Company and two former executives have agreed to pay more than $62 million to settle charges they falsified supplier...
 

How Homeowners Insurers Can Prepare for the Cannabis Era

Talk about a growth market. Since Colorado and Washington became the first to pass state laws designed to legalize certain sale and...
 

P/C Carrier Job Tally Down 14K So Far in 2021

Unemployment levels increased across the insurance industry in the first half of 2021, with property/casualty insurance...
 
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East

 

Former Advisor to President Obama to Become New York's Top Financial Regulator

New York State Governor Kathy Hochul announced that Adrienne Harris has been nominated to lead the New York State Department of Financial...
 

DFS Directs New York Insurers to Expedite Tropical Depression Ida-Related Claims

The New York State Department of Financial Services (DFS) has issued a circular letter to New York-regulated insurers to expedite...
 

Ida's Hammering of Mid-Atlantic States May Have Insurers Reassessing Region

California and Florida have long been seen as risky areas for insurers because of earthquakes, wildfires and storms. In the wake of...
 
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Midwest

 

State Recommends More Evacuations After Detroit-Area Fuel Leak

On Sept. 5, state officials in Michigan recommended more home evacuations in a Detroit suburb following an earlier fuel leak at the Ford...
 

Tyson, Perdue to Pay $35M to Settle Chicken Farmers' Price Fixing Suit

Two of the industry's biggest poultry companies have agreed to pay nearly $35 million to settle a lawsuit that accused them and several...
 

Classic Cars Destroyed by Fire in Michigan Shop

Fire destroyed about a dozen classic cars at a restoration shop near Traverse City, Michigan, authorities said. Sensors triggered a fire...
 

Survey: 9 Midwest, Plains States See Steady Economic Growth

The economy keeps operating at a healthy pace in nine Midwest and Plains states, but supply delays and shortages of workers are limiting...
 
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Southeast

 

Court Finds North Carolina Catholic School Wrongfully Fired Gay Substitute

A gay substitute teacher was wrongfully fired by a Roman Catholic school in North Carolina after he announced in 2014 on social media...
 

Family Sues Duke Energy over North Carolina Tubing Accident that Killed 5

A family that lost five members in a tubing accident on a North Carolina river is suing Duke Energy, saying the utility failed to...
 
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South Central

 

U.S. Probing Nearly 350 Reports of Oil Spills in Hurricane Ida's Wake

The U.S. Coast Guard said on Sept. 6 it was investigating nearly 350 reports of oil spills in and along the U.S. Gulf of Mexico in the...
 

Insurers Urged to Pay Prohibited Use Coverage to Ida-Displaced Louisiana Policyholders

As tens of thousands of Louisianians are experiencing hardship after Hurricane Ida in the face of evacuations, physical damage to their...
 

Tyson, Perdue to Pay $35M to Settle Chicken Farmers' Price Fixing Suit

Two of the industry's biggest poultry companies have agreed to pay nearly $35 million to settle a lawsuit that accused them and several...
 

Entergy Louisiana: Hurricane Ida Power Restoration Could Take Weeks

Full restoration of electricity to some of the hardest-hit areas of Louisiana battered to an unprecedented degree by Hurricane Ida could...
 

Dallas Schools Data Breach Exposed Student, Parent, Teacher Personal Information

A data breach at the Dallas public school system earlier this month exposed the personal information of students, parents, teachers and...
 
More South Central News »
 
 
 
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West

 

$2.7M Jury Award Upheld Against 'Predator' Landlord in California

A San Francisco landlord once described as a "ruthless predator" who allegedly tried to drive tenants out of a rent-controlled unit must...
 

Utah Lawsuit Says Paraplegic Man's Foot 'Shredded' on Rollercoaster

A paraplegic man who was injured on a roller coaster is now suing a Utah amusement park, saying his paralyzed leg wasn't properly secured...
 

Lake Tahoe Residents Glad Homes Spared from Massive Wildfire

Connor Jones sunbathed with his dog on the otherwise empty beach at Ski Run Marina on Monday, as residents trickling back into town...
 

People Moves: ALKEME in California Names Barton CEO; Western Security Adds Executives

Ladera Ranch, Calif.-based ALKEME named Curtis Barton CEO. Barton will be responsible for ALKEME's operations and overall strategic...
 
More West News »
 
 

Insurance Jobs

 

Corporate Claims Specialist - Asbestos and Environmental - PMA Companies - Remote

 

Personal Lines CSR or Account Manager - Work At Home Vintage Experts - Remote

 

Director of Life Company - Missouri Farm Bureau Insurance - Jefferson City, Missouri

 

Commercial Lines CSR or Account Manager - Work At Home Vintage Experts - Remote

 

Assistant Product Manager - R&D/Actuarial - Mercury Insurance - Los Angeles, CA

 
 
 

International & Reinsurance

 

Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody's

Global reinsurance rates are likely to continue rising next year, in the low to mid-single digit percentage range, Moody's analysts said...
 

German Climate Groups Plan Legal Action Against Automakers, Wintershall

Greenpeace and German environmental NGO Deutsche Umwelthilfe (DUH) will take legal action against BMW, Daimler's Mercedes-Benz ,...
 

Trinidad and Tobago Gets CCRIF Payment of $2.4M for August Heavy Rains, Flooding

The Caribbean Catastrophe Risk Insurance Facility has made a payout of approximately US$2.4 million to the government of Trinidad and...
 

German Regulators Begin Investigation Into Allianz U.S. Investment Funds

German regulators have launched an investigation into the country's biggest financial company, Allianz, after the demise of some of its...
 

Vantage Expands Into Healthcare, Excess Casualty in Bermuda, U.S.

Bermuda's Vantage Group Holdings Ltd. is introducing new product offerings in healthcare and excess casualty. Vantage was established in...
 

Russia's Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters

Renaissance Insurance Group is planning to hold an initial public offering on the Moscow Exchange potentially as early as this autumn, a...
 
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Research and Webinars

 
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Achieve Rapid Agency Growth and Exceptional Client Experience with Data & Automation

Join us Wed. Sept. 22nd, 10 am PST, 1pm EST to learn how your agency can achieve rapid growth. Whitney Norcup, COO of Columbia...
 
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Rethink Your Agency Operations – 5 Levers for More Business Growth & Profitability

ReSource Pro offers five in-demand solutions for more unique business growth and profitability: Growth Solutions Policy...
 
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2021 Agency Guide to Get More Leads

Do you want to learn how to generate and convert more leads for your insurance agency? Your agency needs a prospecting strategy...
 
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Getting in Sync with Your Commercial Haulers

Agents and brokers dealing with transportation clients should have a solid grasp on the pandemic induced developments impacting...
 
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State of the Market - Second and Third Quarter, 2021

It goes without saying, the last two years have not been easy. We have experienced some of the hardest market conditions most of...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 31: What Makes a Good Cannabis Broker? Horror Stories from The Experts

Here's a doozy: A broker hands an underwriter an application for a cannabis operation. No red...
 
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EP. 21: Pushing Boundaries: Are NFTs the Next Frontier for the Fine Art Market?

As anyone who works in insurance knows, technology is powerful enough to transform any...
 
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