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Today's Headlines

 
June 23, 2021
 
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National

 

Extreme Weather, Repair Woes to Push Property Insurance Higher: Hippo CEO

Extreme weather events and shortage of labor and materials for repairs will push property insurance rates higher in the next several...
 

Latest Boy Scouts Bankruptcy Plan Increases Victims' Fund, Drops Insurer's $650M Offer

The latest bankruptcy plan filed by the Boy Scouts of America increases the contributions from the BSA and its local councils to a...
 

Like 'Terminator,' High-Tech Cyber Crime to 'Keep Coming'

Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime...
 

FAA Makes It Easier for Staff Overseeing Manufacturers to Report Safety Concerns

The U.S. Federal Aviation Administration (FAA) said Monday it has launched a program to help make it easier for staff overseeing Boeing...
 

Honeycomb, Digital MGA for Multi-Family Property Insurance, Launches with $3.3M

Honeycomb, a managing general agent (MGA) for commercial real estate insurance, announced its North American launch following a $3.3M...
 

Insurer Begins Accepting Cryptocurrency for Premium Payments

Michigan-based Universal Fire & Casualty Insurance Co. has started accepting cryptocurrency for premium payments. The company, which...
 

Insuring Cyber Podcast: 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 unfortunate result of the switch to remote...
 

NCCI: Workers' Comp Segment Remained Strong During 2020 Pandemic

Because of job losses and shrinking payrolls during the pandemic recession, the workers' compensation industry's net written premium dropped...
 

Hello Future. How Carriers and Reinsurers Are Facing Tomorrow

Welcome to Carrier Management's 2021 Midyear Update--What's Next? The young woman on the cover of Carrier Management's...
 
More National News »
 
 
 
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Clusters vs Aggregators vs Networks
 
The words are used interchangeably in the insurance industry, but are they really the same thing? No! Here's what you need to know.
 
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Smart Choice
 
 
 
 

Featured Events

 
InsureTech Connect

InsureTech Connect

October 4 / Las Vegas, NV
 
Underwriting Europe 2021

Underwriting Europe 2021

June 28 / Virtual
 
 
 

East

 

Mass. Dept. of Transportation, Fundación MAPFRE Launch PSA Promoting Road Safety

Fundación MAPFRE and the Massachusetts Department of Transportation have announced a new public service campaign to engage people in...
 

Two Workers Treated for Burns After Fire at Connecticut Plating Company

Two workers at a Connecticut chrome plating company were transported to a burn hospital after a process "went awry" and sparked a flash...
 

Father of Man Shot by Police in Virginia Beach Files $50M Wrongful Death Suit

The father of a Black man who was fatally shot by police in Virginia Beach has filed a $50 million wrongful death lawsuit. The...
 
More East News »
 
 
 
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Midwest

 

12-Year-Old Injured in Ride on Branson, Missouri, Roller Coaster

State inspectors on June 21 were at a roller coaster attraction in the popular Missouri tourist town of Branson, trying to determine how...
 

NWS: Suburban Chicago Tornado Had 140 mph Winds

A tornado that swept through Chicago's western suburbs, damaging more than 100 homes and injuring several people, was packing 140 mph...
 

Wisconsin Legislation Targets Milk, Meat, Dairy Labeling

Vegetarian and vegan foods sold in Wisconsin could not be labeled as meat, milk or dairy if they don't contain those products, under...
 

Study: Abandoned S.D. Gypsum Mine May Extend Below Interstate

An abandoned gypsum mine in Black Hawk, S.D., that was exposed by a sinkhole in 2020 may extend farther than current mapped areas show,...
 
More Midwest News »
 
 

Insurance Jobs

 

Commercial Insurance Sales Executive or Producer Trainee - Landscape Contractors Insurance Services, Inc. - California

 

Personal Lines Umbrella Underwriter - Insurance Company - Work At Home Vintage Experts - Remote

 

Social Media Manager - AdjusterTV - Remote

 

Commercial Lines Rater / Rating Technician - Insurance Company - Work At Home Vintage Experts - Remote

 

Chief Deputy Insurance Commissioner - Office of Insurance Commissioner - Tumwater, WA

 
 
 

Southeast

 

Fatal Florida Gay Pride Parade Crash Now Seen as Unintentional

A member of a men's chorus group unintentionally slammed into fellow chorists at the start of a Pride parade in South Florida, killing...
 

Burns & Wilcox Purchases Morehead City, North Carolina Office Building

Burns & Wilcox announced the purchase of an office building located in Morehead City, North Carolina at 800 Arendell. The newly acquired...
 

Claudette Heads to Sea Leaving Wake of Damage Across Southeast

Claudette regained tropical storm status and headed out to sea from the North Carolina coast Monday, less than two days after the system...
 
More Southeast News »
 
 
 
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South Central

 

Insurors Indemnity Ratings Unchanged by Colonial Lloyds Announcement: AM Best

AM Best says the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Insurors...
 

FEMA: Orange County, Texas, Flood Maps Finalized

FEMA says new flood maps for Orange County, Texas, have been finalized and become effective Dec. 16, 2021. Residents are encouraged to...
 
More South Central News »
 
 
 
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West

 

Ex-Principal Suing Oregon School District for Discrimination

A former South Albany High School principal is suing Greater Albany Public Schools, claiming the district racially discriminated against...
 

Labor Crisis Shocking California Restaurants

Sherry Villanueva's family of Santa Barbara restaurants employed 350 people before the pandemic took hold and darkened dining rooms...
 

$1M Settlement Reached in Washington Dairy Worker Overtime Suit

Yakima County Superior Court has approved a $1 million settlement that provides retroactive overtime pay for workers at a Lower Yakima...
 

Lawsuit Claims Man Struck Dozens of Times in Face by Shots in California

A lawsuit against seven Los Angeles County sheriff's deputies accused them of beating a man dozens of times in the face, leaving him with...
 
More West News »
 
 
 
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International & Reinsurance

 

Insurers, Owners of Seized Ship Reach Agreement in Principle with Suez Canal Authority

ISMAILIA, Egypt - A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday...
 

European Commission to Form Cyber Unit to Fight Growing Online Crime

The European Commission proposed on Wednesday to pool resources and expertise from the EU's 27 countries for a joint cyber unit to fight...
 

EY and Germany's Finance Minister Blamed for Oversight Failings in Wirecard Collapse

BERLIN - German lawmakers presenting a report Tuesday into the collapse of the payment processing company Wirecard accused the country's...
 

Swiss Re Sells Half Its Stake in Phoenix Group for $608 Million

Swiss Re announced the sell of a 6.6% stake in Phoenix Group Holdings plc for £437 million ($608 million). After the sale, which is...
 

People Moves: Willis Re's Loggie to TigerRisk; Aon's Lee to Lockton Re; Wakam's Mebarki to Miller

These international People Moves detail appointments at three insurance brokers: TigerRisk Partners, Lockton Re and Miller. A summary of...
 
More International & Reinsurance News »
 
 

Research and Webinars

 
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Discover how to address the emerging risks challenging your nonprofit clients

Discover forward-thinking approaches to address the emerging risks challenging your nonprofit clients and prospects. Nonprofits...
 
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Risk Management Checklist

Businesses choose to work with brokerage firms that make them smarter, protect them from risk, and generally, make life easier....
 
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Commercial auto loss results have worsened in recent years

Video and telematics technology can be a significant benefit to your clients. Understanding the true value of technology...
 
research

The Challenges of Insurance for the Cannabis Industry

For brokers to successfully tap into cannabis-related business opportunities and ensure their clients have the right coverage, a...
 
research

Discover ways to help your commercial auto clients control losses

Loss control is one of the most underutilized services by agents and brokers in the commercial auto industry.  Understanding...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 26: Higher Sales Were Great, but Now Auditable Policies Are Surprising Cannabis Companies

Ever get a surprise bill in the mail? One where you suddenly owe more money than you thought...
 
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EP. 16: How Insurtechs Are Helping Insurers Bridge the Digital Divide

As the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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