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January 20, 2021
 
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National

 

Insurance Agency M&A Deals Surged 20% in Year of Pandemic: OPTIS

There were 744 announced insurance agency mergers and acquisitions in 2020, up nearly 20% from 649 reported in 2019. The surge resulted...
 

Supreme Court Rejects Merck's Bid to Reinstate $2.5B Damage Award Against Rival

The U.S. Supreme Court on Tuesday rejected Merck & Co. Inc.'s bid to revive a $2.54 billion jury verdict it won against rival drugmaker...
 

Supreme Court Hears Baltimore's Climate Change Damages Claim Against Energy Firms

The U.S. Supreme Court on Tuesday grappled with a dispute that one justice called a "close call" over a lawsuit filed by the city of...
 

Safety Agency Orders Ford to Recall 3 Million Vehicles Over Takata Air Bags

Ford Motor Co. must recall 3 million vehicles with potentially defective driver-side Takata air bags, the U.S. auto safety regulator said...
 

Specialty Insurer Hallmark Financial CEO Anand Resigns; AM Best Maintains 'A-' Rating

AM Best announced that it would not change the "A-" financial strength ratings of the members of Dallas-based specialty insurer Hallmark...
 

ProSight to Become Private Company After Being Acquired by Investors

International investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital agreed to acquire 100...
 

Ongoing Pandemic Brings Workforce, Risk, Policy Challenges for Insurers

Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to...
 

Why the Insurance Industry Can't Risk Downplaying Inclusion

Disasters such as the Space Shuttle Challenger explosion and the Chernobyl nuclear accident are said to have involved...
 
More National News »
 
 
 
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East

 

Massachusetts Governor Charlie Baker Vetoes Sweeping Climate Change Bill

Massachusetts Governor Charlie Baker vetoed a sweeping climate change bill Thursday, just days after top Democratic lawmakers on Beacon...
 

Maine Court Says Tourette's Patient Can Sue for Being Denied Procedure

A woman who has Tourette's syndrome may proceed with her lawsuit against a surgeon who declined to repair her injured shoulder because of...
 

Lawsuit Filed on Behalf of Rhode Island Man Injured in Moped Crash

Guardians of a Rhode Island moped driver who was sent into a coma with a head injury after he crashed while being followed closely by a...
 

Supreme Court Hears Baltimore's Climate Change Damages Claim Against Energy Firms

The U.S. Supreme Court on Tuesday grappled with a dispute that one justice called a "close call" over a lawsuit filed by the city of...
 
More East News »
 
 
 
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Midwest

 

The Hilb Group Acquires Michigan's Owen Moore Insurance

The Hilb Group LLC (THG) acquired Linwood, Michigan-based Owen Moore Insurance Agency (OMA) in a transaction that was effective Dec. 31,...
 

Bearley Promoted to President of Great American's P/C Group Bond Unit

Cincinnati, Ohio-based Great American Insurance Group has promoted Kenneth (Ken) R. Bearley to divisional president within its...
 

New Delay in Getting Vaccine Worries Nebraska Workers

Nebraska teachers and meatpacking workers worry it will take longer for essential workers like them to get the coronavirus vaccine now...
 

Veteran Awarded $1M in Kansas VA Hospital Abuse Case

A federal judge has awarded more than $1 million in damages to another veteran who says he was sexually abused by a former physician...
 
More Midwest News »
 
 
 
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Southeast

 

Tennessee Touts 2020 Growth of Insurance Industry, Consumer Efforts

The Tennessee Department of Commerce & Insurance (TDCI) has located and returned more than $22.8 million to Tennesseans in combinedlife...
 

Kentucky High Court Orders Online Poker Site to Pay State $1B for Illegal Gambling

The Kentucky Supreme Court ruled last month that an online poker company must pay more than $1 billion to the state for illegal gambling...
 

INSUREtrust Makes Multiple Personnel Changes After Merger

Atlanta-based INSUREtrust has announced multiple additions and promotions to its Atlanta team. The company, which was just acquired by...
 

Florida's Property Insurance Market Is 'Spiraling Towards Collapse' Due to Litigation: Report

Florida's property insurance market is "spiraling towards collapse" and requires immediate attention if there is any chance of protecting...
 
More Southeast News »
 
 
 
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South Central

 

DuPont, Former Employee Charged in 2014 Fatal Release at Texas Plant

E. I. du Pont de Nemours and Co. Inc. (DuPont) and a former employee have been indicted for knowingly violating requirements of federal...
 

Louisiana Citizens Property Insurance Policy Count Down, Financial Position Up

Louisiana Citizens Property Insurance Corp., the state-sponsored insurer of last resort, now in its 14th round of depopulation, continues...
 

Hallmark Financial CEO Resigns; AM Best 'A-' Rating Maintained

AM Best announced that its would not change the "A-" financial strength ratings of the members of Dallas-based Hallmark Insurance Group...
 
More South Central News »
 
 
 
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West

 

California COVID-19 Benefits Fraud, Cyber Attack Could Reach $9.8B

California may have paid out nearly $10 billion in phony coronavirus unemployment claims - more than double the previous estimate - with...
 

Brown & Riding in California Names Nam CFO

Brown & Riding has named Harold Nam chief financial officer. Nam joined Brown & Riding in 2008 as a staff accountant. Since joining the...
 

Arthur J. Gallagher Acquires Atlas General Insurance Services in California

Arthur J. Gallagher & Co. has acquired San Diego, Calif.-based Atlas General Holdings LLC, dba Atlas General Insurance Services. Mike...
 
More West News »
 
 
 
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International

 

Future of Russia's Nord Stream 2 Pipeline Looks Increasingly Uncertain

The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies...
 

AkinovA Granted Bermuda License to Operate as Electronic Insurance Marketplace

AkinovA (Bermuda) Ltd., the wholly owned Bermuda trading subsidiary of AkinovA Ltd., has been granted the first "Insurance Marketplace...
 

AXA in Talks to Sell Singapore Unit Which Could Raise $700 Million

HSBC Holdings Plc and Malayan Banking Bhd.'s insurance venture are among shortlisted bidders for AXA SA's business in Singapore, which...
 

Aon CEO Greg Case Recognized as Top Ally of LGBTQ+ Employees and Individuals

Aon CEO Greg Case has been recognized for advancing the equality of LGBTQ+ employees and individuals. Specifically, Case was named the...
 

Liberty Specialty Markets Launches German Terrorism Insurance Coverage

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched new terrorism insurance coverage in the German...
 

AXIS Insurance Hires Aon's Boswell Brown, Aviva's Whelan as Renewable Energy U/Ws

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced the hiring of two additional...
 
More International News »
 
 
 
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Research and Webinars

 
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7 Ways Insurers Should Use Technology to Augment Their Teams

For the Insurance industry, digital transformation has shifted from the 3 - 5 year plan to the 6 month plan. That transformation...
 
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New HBR Report: Carrier CEO Survey Results on Insurtech, Broker Incentives and More

It has never been more evident that traditional paradigms no longer serve the insurance industry or its customers. To understand...
 
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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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Three Ways to Thrive as an Insurance Agent in a Hard Market

The hard market is here and shows no signs of slowing down. While this period of the insurance cycle is often known as being the...
 
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

 

UK Supreme Court Rules Businesses Should Be Insured for COVID-19 Claims

Posted: Sat Jan 16 -- Win a battle but lose the war. Get ready for higher premiums and limited coverage. Most policies will be named peril, with anything else... retired risk manager
 

Wisconsin Man Charged with 18th Drunk Driving Offense

Posted: Wed Jan 13 -- Another drunk who thinks that they can control the number of drinks that they can have, regardless of whether they interact with meds. Get... reality bites
 

Lemonade Eyes Sale of 3 Million Shares in Secondary Offering

Posted: Fri Jan 15 -- $160 a share? But, they don't make any money, they don't have enough premium volume and they no plans to take on any "real" risk that might... Tiger88
 

Lawmakers Sought to Ban Facial Software Being Used to ID Capitol Attackers

Posted: Tue Jan 19 -- Hilarious article, so see-through. "Facial Recognition Software to Target BLM Rioters" BAD!. Congress should ban this. "Facial Recognition... Craig Winston Cornell
 

Applied Systems to Acquire EZLynx, Comparative Rating, Agency Management Vendor

Posted: Thu Jan 14 -- Monthly fees to increase 190% in 5, 4, 3.... BurgBlazer
 
Go To Popular Comments »
 
 
 
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