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Today's Headlines

 
April 28, 2021
 
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National

 

EU Set to Approve Aon-Willis Merger; More Concessions Unlikely: Reuters

Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to...
 

Biden Administration Considering Intellectual Property Rights Waiver for COVID Vaccines

The White House is considering options for maximizing global production and supply of COVID-19 vaccines at the lowest cost, including...
 

P/C Insurance Firms Lead as Global Insurtech Investment Soars to $2.55B in Q1

Global investment in the insurtech sector reached a new quarterly high of US$2.55 billion during the first quarter of 2021. The number of...
 

Security Firm ADT Accuses Rival Ring of Trademark Infringement Over Blue Signage

Long-time home security firm ADT is suing rival upstart Ring alleging the newcomer is violating its trademarks by using signage that is...
 

SEC Eyes Guidance on SPAC Projections, Clarity on Liability Shield

U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies, and clarify...
 

Marsh McLennan Reports 9% Revenue Growth in Q1

MarshMcLennan reported financial results for the first quarter of 2021 that included consolidated revenue of $5.1 billion, an increase of...
 

Supreme Court Smacks Down Pro Wrestlers' Appeals on Head Injury Claims

The U.S. Supreme Court on Monday declined to hear the appeals of several former pro wrestlers who claimed in lawsuits that World...
 

A Sure-ty Bet: Why Agents Should Specialize in the Commercial Surety Space

Agents with clients who need license and permit bonds, miscellaneous bonds, court bonds, or any number of bonds classified as...
 

Seeing Is Believing: The Use of Augmented Reality in Society and Insurance

While augmented reality (AR) has been around for a few decades, the technology to power its widespread use is still...
 
More National News »
 
 
 
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East

 

New York Warns of Supply Chain Attack Dangers in Recent SolarWinds Report

The next great financial crisis could come from a cyber attack. At least, that's according to New York State Department of Financial...
 

Officials Say New York School District Hit by Cyber Attack

An Albany, New York-area school district is investigating a malware attack that forced students in grades 7 through 12 into all-remote...
 

Alera Group Acquires New Jersey's Duryea Agency

Alera Group, a financial services and risk management company, has acquired Duryea Agency, an insurance agency providing personal...
 
More East News »
 
 

Insurance Jobs

 

Accounting & Financial Reporting Manager - Premier Careers, Inc. - Davenport, IA

 

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Midwest

 

Court Upends $6M Wisconsin Lead Paint Ruling But More Cases to Come

Peter Earle has been fighting for child victims of lead paint poisoning for more than 20 years and he and his fellow lawyers for the...
 

Wisconsin Governor Signs Emergency Responder Workers' Comp Bill

Wisconsin Gov. Tony Evers has signed a bipartisan bill that makes it easier for emergency responders suffering from post-traumatic stress...
 

Indiana Gun Shop Sued for Selling Guns Used in Chicago Crimes

The city of Chicago has filed a lawsuit against an Indiana gun store, contending it has sold hundreds of guns to straw buyers that in...
 
More Midwest News »
 
 
 
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Southeast

 

Pain, Loss Linger A Decade After Tornadoes Hammered 6 States Across South

For Tom Sanders, it's the void left by the death of a cousin and the man's wife, killed when a tornado mowed through a placid Alabama...
 

W. Virginia Supreme Court Sides with State Police in Civil Suit Alleging Excessive Force

A circuit judge should have dismissed civil claims against West Virginia State Police by a teenager who alleged excessive force when he...
 

People Moves: Palomar Adds White in Alabama; BRP Forms Middle Market, Insurance Co. Team; Vault Hires Ross as CIO

Palomar Insurance Adds White in Alabama Palomar Insurance has added Tammy White to its expanding marketing team as a transportation...
 
More Southeast News »
 
 
 
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8 New Classes Announced!
 
April webinars are now live for the Academy of Insurance. April offerings include CGL Master Class and The Who, What, Why, and How of 21st Century Insurance Professional Onboarding.
 
See Whole Lineup
 
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South Central

 

Houston's Skyward Specialty Launches Healthcare Professional Liability Group

Houston-based Skyward Specialty Insurance Group Inc. (Skyward Specialty) has launched its Healthcare Professional Liability practice led...
 

U.S. Supreme Court Hands Texas Insurers a Win in Air Ambulance Billing Battle

A 2020 decision by the Supreme Court of Texas that limits workers' compensation air ambulance payments to what is "fair and reasonable,"...
 

Texas Bill Would Require Disclosure on 'Occupational Insurance' Policies

Texas legislation requiring an occupational insurance policy to include a specified disclosure statement clarifying the policy is not a...
 

Louisiana Refineries to Pay $5.5M for Lake Charles-Area Contamination

Nine oil refineries and chemical companies in the Lake Charles area have agreed to pay the federal government $5.5 million for their...
 
More South Central News »
 
 
 
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West

 

IMA Financial Group Acquires California's Bolton

Denver-based insurance brokerage IMA Financial Group said it is expanding to California by acquiring Bolton & Co. in a transaction...
 

Insurers Don't Like New New Credit Scoring Ban in Washington, But Say They'll Follow the Law

The American Property Casualty Insurance Association said it insurers will following the law where it concerns Washington Insurance...
 

Kraken Hockey Team in Washington Sued by Punk Bar for Name

A Seattle, Wash., punk rock bar is suing the city's new NHL hockey team for $3.5 million, saying the Kraken's choice of a name and plans...
 

Judge in California Tosses Suit of Man Who Alleged Jackson Molestation

A judge on Monday dismissed the lawsuit of a man who alleged that Michael Jackson sexually abused him as a boy. Los Angeles County...
 

People Moves: Topa in California Names Torio Director of Tech, Resilience Names Reed EVP

Topa Insurance Co. has named Paul Torio director of technology. Torio is responsible for developing and delivering solutions across...
 

Washington Commissioner: Deadline for Insurers to Comply Credit Scoring Rule is May 6

Washington Insurance Commissioner Mike Kreidler is reminding insurance companies of the May 6 deadline to file rating plans that comply...
 
More West News »
 
 
 
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Silent cyber risks lurking?
 
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International & Reinsurance

 

EU Set to Approve Aon-Willis Merger; More Concessions Unlikely: Reuters

Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to...
 

German Vaccine Maker Says Waivers for Vaccines Not Right Approach

The granting of intellectual property waivers is not the right way to increase output of COVID-19 vaccines, the founder of German vaccine...
 

Insurers, Other Financial Firms Lag in Climate Disclosure for Investors

The world's banks, asset managers and insurers should provide more information to investors about the greenhouse gas emissions from the...
 

P/C Insurance Firms Lead as Global Insurtech Investment Soars to $2.55B in Q1

Global investment in the insurtech sector reached a new quarterly high of US$2.55 billion during the first quarter of 2021. The number of...
 

3-Month TD Bank Trial in $4.5B Stanford Ponzi Scheme Closes

TORONTO -- The three-month trial of a lawsuit against Toronto-Dominion Bank, in which the liquidators of the collapsed Antigua bank of...
 

UK Is First Country to Green Light Self-Driving Cars on Motorways

The UK government on Wednesday became the first country to announce it will regulate the use of self-driving vehicles at slow speeds on...
 

Fairfax Commits $5 Million for COVID-19 Relief in India

Fairfax Financial Holdings announced that it has made a commitment of US$5 million (approximately INR 37 crore) to fund initiatives to...
 
More International & Reinsurance News »
 
 
 
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Research and Webinars

 
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COVID-19 Impact: Guide to Insuring Emerging Risks Facing Nonprofits

Discover forward-thinking approaches to address the emerging risks challenging your nonprofit clients and prospects. Nonprofits...
 
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How to Adopt the 'Always-On' Growth Model

Surviving as an independent agent is no longer the name of the game. Modern agencies want to grow their business more than...
 
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Insuring Risks in Growing Renewable Energy Sector

Now that the 2020 election is behind us, it is predicted that we'll likely see even greater growth in renewables with the Biden...
 
research

Learn how insurtech is solving common issues for independent agents.

Historically, it's been difficult for independent agents to profitably place commercial lines, but insurtech is quickly changing...
 
research

Driving to Simple in Insurance

In a Newsweek study, insurance executives reported that customers were less interested in complex ways of customizing their...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 22: If The 'Vape Crisis' in Cannabis Taught Us One Thing, It's That It's Never Too Soon to Think About Long-Tail Risks

Aside from the vape crisis that never rose to the level of a true crisis for the cannabis...
 
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EP. 12: Social Engineering Risks Rising, but Cyber Coverage Still Lacks

The COVID-19 pandemic has upended the work environment in many ways, and cyber experts say one...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

What's the best Cluster/Agent Network to Join (Florida)

Posted: Fri Apr 23 -- hello Josh i read your post today. did you find anyone to work with ? i'm now in the same boat . after deep studying the industry . im still... brunol
 
Go To Forums »
 
 

Reader Comments

 

Explosion at Gender Reveal Party Rocks Several New Hampshire Towns

Posted: Tue Apr 27 -- Obviously another example of NOT being the sharpest knives in the drawer. As we say in the South, "Bless their hearts." I'm all for having a... Placement GURU
 

Lemonade Revving Up to Enter Car Insurance Market

Posted: Wed Apr 21 -- I wonder if these losses are going to be completely reinsured leaving them with just 25% of the revenue to actually run the company. When... Mr. Solvent
 

GEICO Must Pay $2.7M After Failing to Accept $30K Offer: Georgia Supreme Court

Posted: Tue Apr 27 -- This story has more holes than Swiss cheese. What were Guthrie's injuries? GEICO's offer had to be based on the information they had... GenXUnderwriter
 

Judged Rules for Washington Insurance Commissioner on Credit Scoring Ban

Posted: Fri Apr 23 -- Several of the consumers with above average credit scores will receive significant rate increases. The industry needs to effectively... Observor
 

Geico Customer Data Breach May be Part of Unemployment Insurance Scam

Posted: Thu Apr 22 -- Geico: 15 minutes can save you 15% or more on car insurance. PLUS get you unemployment benefits. Placement GURU
 
Go To Popular Comments »
 
 
 
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