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Today's Headlines

 
March 10, 2021
 
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National

 

China's Microsoft Hack, Russia's SolarWinds Attack Threaten to Overwhelm U.S.

China's global attack on Microsoft's popular email software revealed last week and an equally sprawling Russian attack discovered three...
 

Total Pandemic Losses for P/C Insurers Will Take Years to Determine: Fitch

Incurred pandemic losses for U.S. property/casualty insurers increased only modestly in fourth quarter of 2020 from earlier quarters in...
 

E&O-Cyber Incidents Worsened in 2020: Aon

Aon's first ever Errors & Omissions/cyber insurance product snapshot presents a pretty dire picture of worsening conditions. There were...
 

As States Ease Mask Rules, Essential Workers Worry About Safety and Jobs

Leo Carney worries that bigger crowds and mask-less diners could endanger workers at the Biloxi, Mississippi, seafood restaurant where he...
 

Insurance Sales Prospecting Insurtech, Agency MVP, Raises $3.5M, Adds Execs

AgencyMVP, an online platform that identifies prospects for property/casualty insurance agencies, has received $3.5 million in seed...
 

21-Year AIG Veteran Tatulli Joins Berkshire Hathaway Specialty Executive Lines

Berkshire Hathaway Specialty Insurance (BHSI) has named Anthony Tatulli as head of Executive & Professional Lines for North America. He...
 

Generali Global Assistance Names Poletaev as North American Marketing Officer

Generali Global Assistance has appointed Vladimir Poletaev as its chief marketing officer. In this role, he will be responsible for...
 

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

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

Add a Human Capital Tune-Up to Your Spring Cleaning Checklist

When putting together your organization's spring cleaning checklist this year, take time to consider how turbulent our...
 
More National News »
 
 
 
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East

 

Biopharmaceutical Company to Pay $600K to Settle Alleged Clean Air Act Violations

A global biopharmaceutical company has agreed to pay $600,000 and limit its emissions of harmful air pollutants to settle allegations...
 

Delaware Apartment Fire Displaces 40, Causes $1M in Damage

More than 40 people have lost their home after a fire destroyed a Delaware apartment complex. The Delaware State Fire Marshal's office...
 

The Hilb Group Acquires Rhode Island's Compass Planners

The Hilb Group LLC (THG) has acquired Rhode Island-based Compass Planners (CP). The transaction became effective on February 1, 2021. CP...
 
More East News »
 
 
 
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Midwest

 

Former Oilfield Maintenance Manager Pleads Guilty in North Dakota Workers' Death

A man accusing of lying to investigators about the 2014 death of an oilfield worker in North Dakota pleaded guilty on March 8 in federal...
 

Los Promoted to Executive VP at Ohio's National Interstate Insurance

National Interstate Insurance Co. (National Interstate), based in Richfield, Ohio, has promoted Shawn Los to executive vice president....
 

Indiana Says Medical Malpractice Surcharge Rates to Decrease in July

The surcharge rates for healthcare providers electing to be qualified under Indiana's Medical Malpractice Act will go down in July, the...
 

Ohio to Farmers: March 15 Is Insurance Deadline for Spring Crops

In a media release, Ohio Department of Insurance Director Judith L. French has reminded Ohio farmers that March 15 is the final date to...
 
More Midwest News »
 
 
 
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Southeast

 

Demotech Withdraws Rating of American Capital, AM Best Issues Downgrade

American Capital Assurance Corp., a Florida-based insurer focused on commercial residential and non-residential property risks, as well...
 

Mississippi's Capital City Closer to Resolving Water Service

Running water has been restored to most parts of Mississippi's capital city, three weeks after the majority of Jackson homes and...
 

More Than 2,300 Acres Burned by 24 Wildfires in Alabama

Wildfires have burned more than 2,300 acres of land across Alabama in recent days, forestry officials said Monday as firefighters battled...
 

Builders Insurance Group Names Campbell President, CEO

Builders Insurance Group has appointed Todd M. Campbell as president and chief executive officer. He will join the Company effective...
 
More Southeast News »
 
 
 
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7 New Classes Announced!
 
March webinars are now live for the Academy of Insurance. March offerings include workers' comp, E&O, and our ever-popular Master classes.
 
See Whole Lineup
 
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South Central

 

Demotech Withdraws Rating of American Capital, AM Best Issues Downgrade

American Capital Assurance Corp., a Florida-based insurer focused on commercial residential and non-residential property risks, as well...
 

Farmers Insurance Returning to Louisiana

Louisiana insurance regulators have approved rate and form filings for Farmers Insurance in advance of California-based insurer's...
 

Relation Insurance Services Acquires Assets of Texas Agencies, InSource and Shepard

Relation Insurance Services Inc. (Relation) has entered the Texas market with the acquisition of the assets of InSource Insurance Agency...
 
More South Central News »
 
 
 
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West

 

Flooding Prompts Hawaii Emergency Declaration, Evacuations Ordered

Hawaii Governor David Ige declared an emergency in the U.S. state after heavy rains brought floods, landslides and fear of dam failures,...
 

Arizona High Court Rules Man Can Sue for Privacy Breach

Warehouse store chain Costco can be sued for privacy violations by a Phoenix-area man who alleges a pharmacist joked with his ex-wife...
 

California Labor Commissioner Cites Delivery Companies $6.4M

The California Labor Commissioner's Office has cited Green Messengers Inc. and Amazon.com Services LLC $6.4 million for wage theft...
 

Oregon Man Charged With Arson in Law Office Fire

A Bend man currently being held at a regional jail in The Dalles has been indicted on two first-degree arson charges in a 2019 fire that...
 

Crest Acquires SGB Ltd. in Arizona, Adds Byrne

Crest Insurance Group LLC of Scottsdale, Ariz. has added Shawn Byrne and his team as part of an acquisition of SGB Ltd. Byrne founded his...
 
More West News »
 
 
 
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International & Reinsurance

 

Tokio Marine Examines Validity of Greensill Insurance Policies Provided by Australia Unit

TOKYO - Japanese insurer Tokio Marine Holdings Inc. said on Wednesday it is investigating the validity of insurance policies provided by...
 

Commodities Trader Mercuria Buys $36M of Copper, but Gets Cargo of Painted Rocks

Commodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish supplier. But when...
 

EU Prepares to Get Tougher on Asset Managers that 'Greenwash' Sustainable Credentials

LONDON/BRUSSELS - For money managers and advisers keen to market their sustainable investing credentials to European clients, going green...
 

Zego Becomes UK's 1st Insurtech Unicorn After Fundraising Values Company at $1.1B

Commercial mobility insurer Zego has become the UK's first insurtech unicorn after raising $150 million, valuing the company at $1.1...
 

DARAG to Provide Retrospective Quota Share Reinsurance for Protector Forsikring

DARAG Group Ltd., the Malta-based legacy acquirer, announced it has signed a retrospective quota share reinsurance agreement with...
 

Marsh Names Barnes to New Global Sustainability, Climate Strategy Role

Global insurance broker Marsh has appointed Amy Barnes to the newly created role of head of Sustainability and Climate Change Strategy....
 
More International & Reinsurance News »
 
 
 
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Research and Webinars

 
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Occupational Hazards in Renewable Energy: Helping Your Clients Improve On-the-Job Safety

Now that the 2020 election is behind us, it is predicted that we'll likely see even greater growth in renewables with the Biden...
 
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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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2021 In View: What to Expect as the Industry Transitions to the New Realities of a Post-COVID-19 World

As the insurance industry rebounds from a tumultuous 2020, we will see swift changes across a number of critical areas. In this...
 
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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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Independent Agents: How Insurtech Can Solve Common Pain Points

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

Insurance Journal TV

 
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EP.9: Memory Lane: Returning to the Early Days of Cyber Coverage

With the sophistication of cyber attacks, claims growth, and now, a global pandemic driving an...
 
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Diversity, Resilience, Innovation: Altmaier's NAIC Priorities for 2021

Florida insurance chief David Altmaier has a busy year ahead, and it won't just include...
 
Watch more videos at InsuranceJournal.tv »
 
 

New Discussions in the Forums

 

Call Center Agent Looking for Advice

Posted: Wed Mar 10 -- Thank you both so much for your advice. I truly appreciate it, all of your insight is incredibly valuable. Wabisabi
 
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Reader Comments

 

Climate Change Activists 'Welcome' AIG CEO Zaffino; EU Urges More Insurance

Posted: Thu Mar 4 -- Please prove this statement: "Climate change is weakening the ocean currents that shape weather on both sides of the Atlantic." Do you mean... Tiger88
 

Ohio Contractor Cited After 14-Year-Old Badly Injured in Fall from Roof

Posted: Wed Mar 3 -- What kind of companies allow 14 year olds to work on roofs??? Yuri Dumas
 

Texas Businesses Now Must Decide: Require Face Masks or Not

Posted: Thu Mar 4 -- Where are all of the seasonal flu cases / deaths? I'd bet that many of the "200 deaths a day" are what would be expected in any usual flu... retired risk manager
 

Boy Scouts Reorganization Plan Calls for $300M Fund for Sex Abuse Victims

Posted: Wed Mar 3 -- The Wall Street Journal did an excellent editorial concerning this bankruptcy case. What is not said in this piece is the discovery being... Marke
 

Florida Legislative Session 2021: Insurance Bills to Watch

Posted: Wed Mar 3 -- And since the legislature fills their reelection campaign treasury with money from lawyers, roofers and water mitigation lobbyists, nothing... Wayne
 
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