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January 27, 2021
 
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National

 

Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz

There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global...
 

Investor Sues Drugmaker Astrazeneca Over Coronavirus Vaccine Testing Claims

AstraZeneca PLC was sued by a pension fund on behalf of investors who it says suffered losses because of flaws in the company's testing...
 

Allstate to Sell Life Insurance Company to Blackstone for $2.8M to Grow in P/C

The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion. Explaining...
 

Volkswagen Wants U.S. Supreme Court to Nix 'Staggering' Diesel Claims by Counties

Volkswagen AG and a German auto supplier on Tuesday asked the U.S. Supreme Court to reverse a lower-court ruling that said two counties...
 

What Biden's First Year Might Mean for Job Creation

Joe Biden's first year in office could go down in history as a record-breaker on the job-creation front, with an explosion in hiring...
 

Title Insurer First American to Exit P/C Insurance with Transfers to Safeco, Heritage

Title insurer First American Financial Corp. reported recently that its property/casualty insurance subsidiaries have entered into book...
 

Auto Theft Jumped in 2020

Auto theft appears to have increased considerably in 2020 compared to 2019, reversing two years of auto theft declines. A preliminary...
 

Sponsored: BTIS to Automate Distribution with IVANS

Commercial lines insurer to automate appetite communications and market products directly in agencies' daily workflows TAMPA, Fla. -...
 
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How the Emerging Gig Economy is Changing Auto Insurance, Surplus Lines

Automobile insurance looks very different today than it did a generation ago. The means by which people (and goods) travel via motor...
 
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Insurance Today and Tomorrow: A Deep Dive Into RPA, AI and Blockchain

Carriers will find themselves facing another series of unprecedented challenges heading into 2021. S&P predicted in July...
 
More National News »
 
 
 
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Business Income Insurance Demystified
 
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East

 

Parents of Maryland Teen Who Died in Class File Lawsuit

The parents of an autistic Maryland teenager who died in class after choking on a glove have filed a lawsuit against school officials,...
 

The Beacon Mutual Insurance Company Names Tumeinski as Chief Financial Officer

The Beacon Mutual Insurance Company has named Gregg Tumeinski as chief financial officer (CFO) at The Beacon Mutual Insurance Company....
 

SterlingRisk Insurance Promotes Larocca to Chief Strategic Relations Officer

SterlingRisk Insurance, a Woodbury, New York-based independent insurance brokerage, has promoted Robert F. Larocca to chief strategic...
 
More East News »
 
 

Midwest

 

Bluefire Now Offering Auto Insurance in Illinois

Automobile insurance provider, Bluefire Insurance, has expanded its presence into Illinois. With the addition of Illinois, Bluefire, an...
 

Iowa AG: Consumer Complaints UP 24.4% in 2020

The coronavirus pandemic and the derecho windstorm helped to boost the number of consumer complaints filed with the state attorney...
 

Kansas Governor Extends Pandemic Disaster Declaration

Gov. Laura Kelly has signed a bill that extends the state's disaster emergency declaration, allowing Kansas to continue to tap into...
 
More Midwest News »
 
 
 
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Southeast

 

Florida Introduces Bill to Protect Businesses from COVID-19 Lawsuits

Florida businesses would be protected from coronavirus lawsuits if they made a good effort to follow state-issued guidelines to prevent...
 

South Carolina County Suffers Cyberattack Against Computer Network

A coastal South Carolina county says hackers broke into its computer network over the weekend. A statement from Georgetown County's local...
 

Purmort & Martin Insurance Agency Acquires Jeff DeJongh & Associates of Florida

Sarasota, Fla.-based Purmort & Martin Insurance Agency, a locally owned insurance agency, has acquired Jeff DeJongh and Associates to...
 

Hay Joins Sedgwick in Tennessee as Global Chief People Officer

Sedgwick, a provider of technology-enabled risk, benefits and integrated business services, has added Michelle Hay as global chief people...
 

Tennessee Reports Highest Number of Boating Deaths in 37 Years in 2020

Tennessee had 32 boating-related deaths in 2020, the most in 37 years, wildlife officials said. The Tennessee Wildlife Resources Agency...
 
More Southeast News »
 
 
 
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South Central

 

Cost of Laura, Delta, Zeta Insurance Claims Up to $7.7B in Louisiana

Through the end 2020 property/casualty insurers have paid or reserved $7.7 billion on claims of all types in Louisiana through the end of...
 

Texas Governor Urging Protections for Businesses from Virus-Related Lawsuits

Texas Gov. Greg Abbott said he is pushing state lawmakers to protect individuals and companies that opened businesses during the pandemic...
 

Oklahoma AG Seeks $1.8M from Vendor After Failed PPE Order

State Attorney General Mike Hunter is seeking more than $1.8 million from a company he says owes that state after failing to deliver four...
 
More South Central News »
 
 
 
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West

 

Utility Paying $2B Settlement in Deadly 2018 California Fire

Southern California Edison will pay $2.2 billion to settle insurance claims from a deadly, destructive wildfire sparked by its equipment...
 

Seattle OKs Virus 'Hazard Pay' for Grocery Workers

Seattle has joined other cities in approving extra pay for grocery store workers during the COVID-19 pandemic. The City Council on this...
 

The Liberty Company Insurance Brokers in California Adds James

The Liberty Company Insurance Brokers in Woodland Hills, Calif., has added Jessica James to the firm. James focuses on construction,...
 

California Alerts Residents in Burn Areas About Flood And Mudslide Coverage

California Insurance Commissioner Ricardo Lara is alerting residents to review their current insurance policies in the midst of a...
 
More West News »
 
 

International

 

If Tokyo Olympics Canceled, Loss for Insurers Would Be 'Mind-Blowingly' Big

LONDON -- Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the largest ever claim in...
 

China's Central Bank Says Ant IPO Could Resume Once Problems Resolved

Ant Group Co. could resume its plans for an initial public offering once problems are resolved, China's central bank chief said, offering...
 

Everest Re Cites Social Inflation for $400M Prior-Year Reserve Charge

Everest Re is the most recent insurance and reinsurance company to announce catastrophe and COVID losses in advance of fourth-quarter...
 

Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz

There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global...
 

World Economic Forum: Allianz CEO Says Europe Must Alter Capital Rules for Climate

European regulators need to overhaul their capital rules to free up insurers to invest more in climate-friendly infrastructure projects,...
 

Eurapco and B3i Introduce Unity, a Risk Transfer Service Built on Blockchain

What its creators say is the first global operational offering on blockchain infrastructure has been launched, enabling the transfer of...
 
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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Research and Webinars

 
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Weigh Your Options on Starting Your Own Premium Financing Program

Agencies arranging financing to insureds through premium finance companies can increase their top and bottom lines by offering...
 
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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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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

 

Wrongful Death Suit Filed Against NRA, Gunmaker, Shooter Over Synagogue Attack

Posted: Mon Jan 25 -- There is only one person who is responsible and that is the person who pulled the trigger. Oh Goody
 

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

Posted: Wed Jan 20 -- So just doing the math.....it looks like an average lawyer payout for litigated HO claims works out to be close to $50,000 per claim. That's... Mark W
 

Biden Revokes Keystone XL Pipeline Permit; Construction Halted

Posted: Fri Jan 22 -- Symbolism? Big time. Job killing? Big time. (Sorry about you 11,000. people out of work today . . ) Climate saving? Not at all. The oil will... Craig Winston Cornell
 

Biden's Climate Accord Move Welcomed by World Leaders

Posted: Fri Jan 22 -- "Welcomed by World Leaders" but for those of us hundreds of thousands of Americans (and immigrants, legal or otherwise) who are about to... Tiger88
 

Teen Accused of Stealing Nearly $1M from Georgia Supermarket

Posted: Mon Jan 25 -- Wow. I have never ever heard of a grocery bill that would have generated an $87,000 return for cash. What in the heck is this Kroger's store... reality bites
 
Go To Popular Comments »
 
 
 
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