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Today's Headlines

 
February 3, 2021
 
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National

 

Shareholder Lawsuit Alleges Tyson Misled About COVID-19 Protocols

U.S. meat and poultry processor Tyson Foods Inc. was sued on Tuesday for allegedly defrauding shareholders with misleading disclosures...
 

Olympic Officials Unveil Rules on Masks, Singing, Transport for COVID-19 Games

Olympic officials on Wednesday unveiled the first of many COVID-19 rules for the Tokyo Games this summer, banning singing and chanting...
 

Chubb's Q4 'Excellent' Results Boosted by Commercial Lines Price Hikes

Global insurer Chubb reported fourth quarter results for 2020 significantly better than the same period in 2019. For the 2020 fourth...
 

Judge Permits McDonald's Suit Against Ex-CEO Over Alleged Sexual Affairs Cover-Up

A Delaware judge on Tuesday rejected former McDonald's Corp. Chief Executive Stephen Easterbrook's bid to dismiss a lawsuit by the...
 

CCC Information Services Going Public in $7 Billion Blank Check Transaction

CCC Information Services said on Wednesday it was going public through a merger with blank-check firm Dragoneer Growth Opportunities...
 

Aon's Norris Jumps to Marsh to Lead U.S. Healthcare Practice

Gisele Norris has joined global insurance broker Marsh to lead its U.S. Healthcare Practice. In this role, Norris is responsible for the...
 

AXA XL Launches Builders Risk Coverages for Mass Timber Construction Projects

AXA XL's North America Construction business has launched builders risk insurance programs to address mass timber project risks for...
 

Insurance Verification Startup TrustLayer Raises $6.6M from BrokerTech, Ventures

TrustLayer, developer of a proof-of-insurance risk management platform, has raised $6.6 million in seed funding from venture investors,...
 
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Insurance Commissioner's Perspective: Innovation as a Driver for Change

Social justice is an easy goal on which to agree, though as the events of the past year have taught us, we often fall...
 
More National News »
 
 
 
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East

 

New York Undercounted Nursing Home Deaths by Thousands, Attorney General Says

New York may have undercounted COVID-19 deaths among nursing home residents by thousands, the state attorney general charged in a report...
 

Maury, Donnelly & Parr, Kastendike Insurance Group Acquire Northeastern Underwriters

Maury, Donnelly & Parr Inc. (MDP) and the Kastendike Insurance Group (KIG) has acquired Connecticut-based Northeastern Underwriters LTD....
 

USG Insurance Services Hires Tejada as a Producer in Its Philadelphia Branch

USG Insurance Services Inc., a national wholesaler and managing general agency (MGA), has hired Edwin Tejada as a producer/broker for...
 
More East News »
 
 
 
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Midwest

 

'A-' Rating Assigned to Illinois Workers' Comp Carrier Pekin Select Insurance

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" to Pekin Select Insurance...
 

Iowa's CGA Insurance Services Launches Managing General Underwriter Program

West Des Moines, Iowa-based Career General Agency LLC (CGA Insurance Services), a subsidiary of GuideOne Insurance, has launched a...
 

Branch Insurance Enters Indiana with Bundled Home, Auto Coverage

Branch Insurance, based in Columbus, Ohio, has expanded to Indiana. Using technology and automation, the company offers bundled home and...
 
More Midwest News »
 
 
 
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Southeast

 

Florida Condo Association Sues Resident for Feeding Stray Cat

A condominium association in Florida is suing a 78-year-old woman over the feeding of a stray cat. A lawsuit filed earlier this month in...
 

Colonial Claims Acquires Prime Adjusting and Catastrophe Services of Florida

Colonial Claims LLC, a nationwide independent insurance claims service companies, has acquired Tampa area business Premier Adjusting and...
 

Noonan Joins CNC in Alabama as SVP of Strategy, Innovation

Insurance adjusting firm Catastrophe & National Claims (CNC) has added Tom Noonan as senior vice president of Strategy & Innovation. In...
 

Hearing Set for Next Year Over 18.7% North Carolina Dwelling Rate Increase

A hearing date for the proposed 18.7% dwelling insurance rate increase has been set for Jan. 18, 2022 by North Carolina Insurance...
 
More Southeast News »
 
 
 
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South Central

 

$22M-Plus Recovered for Louisiana Insurance Consumers in 2020

The Louisiana Department of Insurance Office of Consumer Services recovered more than $22 million for consumers from insurance companies...
 

Oklahoma's Vaughan Insurance Group Merges with Higginbotham

Higginbotham, an independent insurance firm based in Fort Worth, Texas, and Vaughan Insurance Group, a commercial insurance firm in...
 

Drought, Wildfire Threat Lead to Disaster Declaration in Texas

Saying exceptional drought conditions pose a wildfire threat in a large swath of West and Southwest Texas, Gov. Greg Abbott has issued a...
 
More South Central News »
 
 
 
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West

 

Google Paying $2.6M to Settle California, Washington Discrimination Case

Google will pay $2.6 million to more than 5,500 employees and past job applicants to resolve allegations that the internet giant...
 

Montana House Advances Virus Liability Shield Bill

Montana House lawmakers voted this week to advance a bill that would protect businesses and health care providers from...
 

LuLaRoe Paying $4.75M to Washington Settle Pyramid Lawsuit

The California-based multi-level marketing business LuLaRoe is paying $4.75 million to settle allegations from the Washington state...
 

Oregon Proposes Permanent COVID-19 Workplace Rule

Oregon OSHA is proposing a permanent rule that largely maintains risk-reducing measures required by the current temporary emergency rule...
 

PGIA in California Names Farrell President, Chima CEO

San Diego, Calif.-based Partners General Insurance Agency LLC has named Thomas Farrell president. Jas Chima will become CEO (formerly...
 
More West News »
 
 
 
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International

 

Olympic Officials Unveil Rules on Masks, Singing, Transport for COVID-19 Games

Olympic officials on Wednesday unveiled the first of many COVID-19 rules for the Tokyo Games this summer, banning singing and chanting...
 

Ant Group and China Regulators Agree to Restructuring Plan

Ant Group Co. and Chinese regulators have agreed on a restructuring plan that will turn Jack Ma's fintech giant into a financial holding...
 

Croatian Residents Rush to Buy Earthquake Cover After Destructive Quakes in 2020

Croatian insurers are reaping a windfall as residents rush to sign up for protection after two destructive earthquakes last year left...
 

Brazilian Dam Claimants to Take BHP Class Action to English Court of Appeal

Lawyers for about 200,000 Brazilian claimants, whose multi-billion dollar lawsuit against Anglo-Australian miner BHP over a 2015 dam...
 

McLarens Acquires Dutch Engineering Claims Company Vanderwal & Joosten

McLarens, a global independent insurance services provider, announced the strategic acquisition of Vanderwal & Joosten (VWJ), a leading...
 

Argo's Q4 2020 Losses from Natural Disasters and COVID-19 Estimated at $51M

Argo Group International Holdings Ltd. estimates losses from fourth quarter 2020 natural catastrophes and the COVID-19 pandemic will hit...
 

China's Ping An Insurance Reports First Annual Drop in Profit Since 2008

BEIJING/SHANGHAI -- Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, on Wednesday reported its first...
 

Hiscox Appoints Nolan from Canopius to Lead Cargo Underwriting Team

Hiscox, the specialist global insurer, has appointed Aimee Nolan to head up its London Market cargo underwriting team. As cargo line...
 
More International News »
 
 
 
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Research and Webinars

 
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How to Grow Your Agency While Increasing Efficiency

Join Us Wednesday, Feb. 17th, 10 am PT, 1pm ET In today's marketplace, increasing your number of clients, policies sold, and...
 
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Broker Success Checklist

P&C brokers, are you helping your clients navigate their critical areas of risk? Businesses choose to work with brokers that...
 
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Getting the Most Out of Your Agency Data

To succeed and grow in a digital-first world, insurance agencies need to know and use the data in their technology. Agencies...
 
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The SEO Guidebook for Insurance Agents

Have you thought about how your insurance agency can be found online? Consumers have been turning to the internet to shop for...
 
More research and webinars »
 
 

Insurance Journal TV

 
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ICS20 Soundbite: Capacity, Vaping Among Issues in Cannabis Industry Going Forward

Norman Ives, a wholesale insurance broker at Worldwide Facilities LLC specializing in custom...
 
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EP. 2: Forget the Stars, Insurers are Shooting for the Cloud

Recent research shows that more insurers are taking advantage of cloud technology for data...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

U.S. Issues Mask Mandate on Public Transportation

Posted: Mon Feb 1 -- Glad to see Biden implemented his mask mandate that Republican's argued he should've done while Trump was still President ¯\_(ツ)_/¯ Rosenblatt
 

Texas Governor Vows to Fight President Biden's Energy, Climate Agenda

Posted: Fri Jan 29 -- "Abbott acknowledged that in Texas, there is “either zero or close to zero” federal lands where drilling is done." We are going to stand... CalDude
 

OSHA Issues COVID-19 Workplace Safety Guidance

Posted: Mon Feb 1 -- This sentence summed up the article well: "Much of the guidelines released Friday are similar to ones from the Trump administration".... TR714
 

As Insurers Exit Coal Underwriting, They May Find It's Good for Stock Valuations

Posted: Tue Feb 2 -- Didn't know Underwriters are now Stock Analyst. SMH. Wonder if Stockholders want underwriters to just focus on stock price and not actually... TX Agent
 

What Biden's First Year Might Mean for Job Creation

Posted: Wed Jan 27 -- *Comments have been closed for this article* (I totally stole that from someone here, but can't remember who. Sorry I can't attribute this... Rosenblatt
 
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