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Today's Headlines

 
October 20, 2021
 
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National

 

Regulation, Technology Know-How Are Delaying Embedded Insurance's Full Potential

Embedded insurance has made substantial gains in 2021, but the technology faces regulatory and other roadblocks that could postpone its...
 

EPA Launches Strategy to Regulate Toxic 'Forever Chemicals'

The Biden administration said it is launching a broad strategy to regulate toxic industrial compounds associated with serious health...
 

Supreme Court Upholds Police Qualified Immunity in Two Cases

The U.S. Supreme Court has ruled in favor of police officers accused of using excessive force in two cases involving the controversial...
 

Biden to Nominate Cliff to Head Auto Safety Agency

President Joe Biden plans to nominate the No. 2 auto safety official and a former California Air Resources Board official to head the...
 

Unvaccinated Employees Risk Job Losses as Employer Mandates Take Effect

Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and...
 

Origami Risk Enhances Workers' Comp Claims Administration Package

Origami Risk, a risk, safety and insurance Software as a Service (SaaS) technology firm, announced it has packaged its online workers'...
 

25% of Infrastructure Under Flood Risk in 30 years; FEMA Wants Input on Standards

Just as new research shows that a fourth of the critical infrastructure in the U.S. - along with an increasing number of homes and...
 

In Changing Housing Market, Home Insurers Struggle with Customer Loyalty: Study

Home insurers have struggled to develop products and services designed to maximize customer lifetime value for the growing population of...
 

Beyond Guidewire: Glimmers of Hope in the Insurer Software Market

In contrast to their direct-to-consumer counterparts, startups developing software for insurance companies have...
 
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East

 

New York Foundry to Pay $276K for Safety, Health Hazards Following Inspection

A Syracuse, New York, iron foundry cited by the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) for...
 

New Jersey Executive Who Embezzled $48M Gets 75-Month Sentence

A former publication company executive was sentenced to more than six years in prison Monday in a $48 million embezzlement plot. A...
 

Two Tornados Confirmed in Western Pennsylvania

A pair of tornados have been confirmed in western Pennsylvania over the weekend, forecasters said. The National Weather Service says an...
 
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Midwest

 

Kansas County Approves $146.7K Settlement to Church That Sued Over COVID-19 Restrictions

Jackson County officials on Monday approved a settlement with a church that had sued over COVID-19 restrictions that it claimed...
 

Great Shakeout Highlights Dwindling Missouri Earthquake Insurance Market

Millions of Americans will participate in the Great Shakeout on Oct. 21, a day designated to earthquake education and awareness. Annually...
 

1 Highway Worker Killed, 1 Injured in Indiana Crash

A highway worker was killed and a co-worker was seriously injured when a vehicle struck them as they were working along a rural road in...
 
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Southeast

 

Georgia to Pay $870,000 to Whistleblowers Fired by Beck

The state of Georgia has settled a whistleblower lawsuit brought by three Insurance Department employees who reportedly leaked...
 

Georgia Regulators Can't Track Overdue Elevator Inspections

Elevators across Georgia may be long overdue for safety inspections, but regulators have no way to know, thanks to a poorly set up...
 

Tokio Sues Warehouse; Says Pellets Improperly Stored, Causing Fire

Tokio Marine American Insurance has filed a lawsuit against the owners of a Georgia warehouse, where 50,000 tons of wood pellets caught...
 

People Moves: Sayata, Willis Towers Name New SE Directors

The insurtech Sayata, which provides software for the quote-bind-issue process for brokers and carriers, announced Lisa Sanders will...
 

3M Offers $98M to Settle Tennessee River 'Forever' Chemicals Claims

Industrial conglomerate 3M Co on Tuesday said it had agreed to pay about $98.4 million to settle claims that it contaminated the...
 

Davies Acquires Insurance Risk Services, an Inspection Firm

Davies, a professional services and technology company serving the insurance market, announced it has agreed to purchase Insurance Risk...
 
More Southeast News »
 
 
 
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COMPInsiders by Summit
 
Nekitta Tomberlin, Summit’s Back2work® liaison, talks about how important it is for an employer to have a return-to-work program.
 
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South Central

 

Louisiana Lawmaker Slams Ida Housing Assistance Program

A Louisiana House leader offered blistering criticism Monday of Gov. John Bel Edwards' temporary housing program for people with severe...
 

New Orleans Officials Investigate Fireworks as Cause of Wharf Fire

The remains of an abandoned river wharf went up in flames over the weekend in New Orleans as fireworks went off nearby, but officials...
 

Louisiana Doc to Pay $640K in Kickback Violations Case

A Louisiana physician agreed to pay more than $600,000 to resolve allegation that he accepted kickback payments for referrals of home...
 
More South Central News »
 
 
 
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West

 

Man Who Fell From Sports Skybox in New Mexico, Son Get Payouts

A man who fell from a luxury suite at a university sports arena in Albuquerque onto concrete stairs below has been awarded $144,000 under...
 

Seattle Reports 99% Compliance with Employee Vaccine Mandate

The city of Seattle reported that 99% of its employees are in compliance with the mayor's COVID-19 vaccine mandate. By 11:59 p.m. Monday,...
 

California Labor Commissioner Cites Contractor $1.7M for Wage Theft Violations

The California Labor Commissioner's office has cited JPI Construction $1.7 million for wage theft violations affecting 265 workers. An...
 

Washington Insurance Commissioner Pursues January Date for Rule to Ban Use of Credit Scores

Washington Insurance Commissioner Mike Kreidler says he will seek an effective date of Jan. 1, 2022 for a permanent rule to temporarily...
 
More West News »
 
 
 
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International & Reinsurance

 

Russia's Renaissance Insurance to Cut Size of IPO to $250M: Sources

MOSCOW - Russia's Renaissance Insurance Group will reduce the size of its IPO to $250 million from an initial $290 million, two sources...
 

Banks Demanding Stricter Environmental Criteria When Financing Shipping Companies

Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to...
 

Re/Insurers Need a Data Strategy to Build Underwriting Transformation Programs

Years of low interest rates and burgeoning catastrophe losses have accelerated the hardening of the reinsurance market, as the January...
 

Munich Re Doubles Q3 Profit Despite Big Storm Losses in Europe, U.S.

German reinsurer Munich Re doubled its profit in the third quarter, despite big losses from storms in Europe and the United States, it...
 

Investment Company JAB to Acquire Majority Stake in UK Pet Insurer, Cardif Pinnacle

Global investment company JAB Holding Co. is acquiring a majority stake in UK pet insurer, Cardif Pinnacle. Cardif Pinnacle's current...
 

Broker Aston Lark Announces 40th Acquisition Since 2018 Launch

Aston Lark, the Goldman Sachs-backed broker, announced the acquisition of Absolute Products Ltd., its 40th deal since its formation in...
 

Coverys Launches European Casualty MGA, AEC Europe

Coverys European Holdings (CEH), a leading underwriting vehicle that invests in speciality managing general agencies in Europe and the...
 

BHSI Creates Global Network Across 170 Countries to Raise Multinational Capabilities

Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its global network to encompass owned offices and network...
 

Lockton Launches Silent Cyber Property Solution for Businesses

Lockton, the privately-owned independent insurance broker, has launched its Silent Cyber Property Solution, a standalone policy that...
 
More International & Reinsurance News »
 
 

Insurance Jobs

 

Property Claims Adjuster - DH Adjusting - Greater Los Angeles Area, CA

 

Regional Marketing Director – Business Development - Deans & Homer - California

 

Regional Account Manager - Northwest - Temporary Accommodations - Location: Based in Seattle or Portland (travel expectations 50% - 60%)

 

Experienced Non Standard Auto Insurance Claims Adjuster (Remote Position) - American Freedom Insurance Company - Remote

 

Business Development Executive - Rhode Island (REMOTE) - Main Street America Insurance - Rhode Island (Remote)

 
 
 
 
 
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Research and Webinars

 
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How to optimize your office spaces and reduce costs

Discover how your company can attract and retain top talent and manage growth with technology that simplifies office space...
 
research

The MGA's Guide to Producer Licensing and Compliance through Technology

MGAs face regulatory challenges from all directions and insurance laws vary by state, making the management of producer...
 
research

State of the Market - Second and Third Quarter, 2021

It goes without saying, the last two years have not been easy. We have experienced some of the hardest market conditions most of...
 
research

Understanding the uninsured: Five opportunities for promising growth.

The protection gap is found anywhere your customer is exposed to a risk that they could insure against but do not. This is a...
 
research

Agents have the expertise. Now they have the quoting speed, too.

Businesses rely on their agents and brokers to understand the risks they face and to make recommendations on how to best protect...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP.25: These Women Are Fighting Cyber Crime and Cybersecurity's Gender Divide

Growing ransomware attacks aren't the only issue concerning the cybersecurity industry today,...
 
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EP. 34: Insuring Cannabis is Impossible Without Surplus Lines, so a Hardening Market is a Thing to Watch

It may not come as much of a surprise to those who know about insurance and cannabis that the...
 
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