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Today's Headlines

 
April 22, 2022
 
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National

 

Tesla Insurance Turning 'Nightmare' Claims Experience Into 'Dream': Musk

Tesla is "trying to turn a nightmare into a dream with Tesla Insurance," Chief Executive Officer Elon Musk said Wednesday. His final...
 

Federal Court in Delaware Requiring Disclosure of Litigation Funding Agreements

Insurers are applauding a decision by the chief judge for the U.S. District Court in Delaware to require parties to disclose whether a...
 

People Moves: Estée Lauder's Burrell Joins GEICO; Olson Heads Zurich Programs; Hudnall Leads Donegal Commercial Lines

Estée Lauder's Burrell Joins GEICO as Chief Marketing Officer Insurer GEICO announced Damon Burrell has joined the company as chief...
 

Ending Collateral Requirements for Non-U.S. Reinsurers - It's Been a Long Time Coming

Financially strong EU and UK reinsurers will finally see the end of collateral requirements for business they write in the United States...
 

ESG, Invasion of Ukraine Focus of Marsh McLennan Earnings Call

Much attention was paid to ESG (environmental, social, and governance) issues and the Russian invasion of Ukraine as Marsh McLennan...
 

Infowars Bankruptcy May Be Abuse of Court System, Justice Department Says

An arm of the U.S. Justice Department cast doubt on far-right radio host Alex Jones's use of bankruptcy as three companies he once owned...
 

Inflation Outpacing Premium Increases for Auto and Homeowners Lines

US Insurers — already hammered by extraordinary losses caused by natural disasters — are failing to raise premiums at a pace that...
 

How Warren Buffett Does a Deal: Alleghany Merger Backstory

Berkshire Hathaway didn't require Alleghany to pay any breakup fee in the event another potential acquirer topped an...
 
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East

 

Auto Insurance Industry to New York: Get Rid of Photo Inspection Requirement

Auto insurance carriers and independent agents in New York have launched a campaign to eliminate what they say is an outdated requirement...
 

Former eBay Executive to Plead Guilty to Cyberstalking Massachusetts Couple

A former eBay Inc. security executive intends to plead guilty to federal charges that he planned a cyberstalking campaign that targeted a...
 

Feds Accuse Virginia Towing Firm of Illegally Selling Military Service Members' Cars

Federal prosecutors have filed a lawsuit accusing a Virginia company of illegally taking and selling service members' vehicles. The...
 

OSHA Cites Roofing Firm as 'Severe Violator' of Worker Safety Rules

A Maine roofing and siding contractor willfully exposed its employees to fall hazards at a Hampden, Maine residential construction site...
 

The Hartford Partners With Earthwatch On Pollinator Program

The Hartford said it is partnering with Earthwatch, an international environmental organization, on a citizen-science project to document...
 
More East News »
 
 
 
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The Podcast for Independent Agents
 
Episode 7: Why Insurance Networks Exist and How They Can Help Your Agency — An Executive Roundtable hosted by Dr. Brenda Wells
 
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Midwest

 

Chicago Electric Company Settles $315,000 Disability Discrimination Suit

S&C Electric Company, a designer and manufacturer of switching and control products for power transmission and distribution headquartered...
 

Zamboni Driver Fired for Urinating in Drain Sues NHL's Red Wings

A popular Zamboni driver for the Detroit Red Wings said he was dismissed for urinating in a drain. Al Sobotka filed a discrimination...
 

Obama Relatives Sue Wisconsin School Alleging Racial Bias

The brother of former first lady Michelle Obama and his wife are suing a private Milwaukee school alleging it refused to allow their two...
 
More Midwest News »
 
 

Insurance Jobs

 

Regional Director, Mergers and Acquisitions - First MainStreet Insurance a division of TrueNorth - Midwest (WI, MN, IL, NE, MO, KS)

 

Mason Claim Service Business Development Manager - Mason Claims Services, Inc - Remote

 

MGA / Wholesale - Underwriting Assistant - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Surplus Lines Tax Filings / Compliance - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Commercial Lines Account Manager/CSR - Morgan & Bartlett, Baggett & Shands Insurance Agency - Lufkin, TX

 
 
 

Southeast

 

Fla. Supreme Court: Pre-Suit Notices Need Only Be Mailed, Not Received, Before Deadline

It's when the letter is mailed, not when it is received, that determines if a plaintiff in a medical malpractice case complied with...
 

South Carolina Insurance Fund Pays Out $275,000 in Citadel Sexual Abuse Case

The South Carolina Insurance Reserve Fund, which insures state and local governments, has stepped in to settle a lawsuit brought by a man...
 

Insurer Jumped Gun with Appeal on CBD Plant Fire Claim, Appeals Court Finds

Insurance company officials and attorneys have been known to complain when policyholders file suit before the parties have had a chance...
 

Last Stockpile of Chemical Nerve Agent Destroyed in Kentucky

The last stockpiles of a deadly chemical agent in the U.S. have been safely eliminated, according to Kentucky officials in charge of...
 
More Southeast News »
 
 

South Central

 

2 More Sentenced in Operation Sideswipe

United States Attorney Duane A. Evans announced that Chandrika Brown, age 31, and Aisha Thompson, age 44, both of New Orleans, Louisiana,...
 

FEMA Invites Public to Comment on Johnson County, Texas Flood Maps

Preliminary flood risk information and updated Flood Insurance Rate Maps are available for review in Johnson County, Texas, FEMA...
 

Civil Cases Loom Over QB Watson as He Reports to NFL's Browns

While Deshaun Watson's NFL career has resumed with the Cleveland Browns after grand juries declined to indict him on any criminal charges...
 
More South Central News »
 
 

West

 

Worn Tires a Factor In California Bus Crash, Investigation Shows

Excess speed and worn tires contributed to the crash of a bus on a rain-slick Southern California highway two years ago that killed three...
 

CSAA in California Outlines Carbon Reduction and Climate Commitments in ESG Report

CSAA Insurance Group in California announced a commitment to achieving a 50% reduction in carbon emissions and carbon neutrality by 2025...
 

California to Keep Workplace Pandemic Rules Through 2022

California workplace regulators are poised to extend mandatory pay for workers affected by the coronavirus through the end of 2022, more...
 

California School District Settles Sex Abuse Suits for $13M

A Southern California school district has agreed to pay $13.75 million to settle civil lawsuits over a worker who admitted molesting...
 
More West News »
 
 

International & Reinsurance

 

Ending Collateral Requirements for Non-U.S. Reinsurers - It's Been a Long Time Coming

Financially strong EU and UK reinsurers will finally see the end of collateral requirements for business they write in the United States...
 

Impounded Russian Tanker to Be Released by Greece Amid Confusion Over Sanctions

A Russian tanker impounded by Greece this week and reportedly carrying Iranian oil will be released amid confusion about sanctions on its...
 

UK Seizes Funds Linked to $150M Fraud From Fintech Firm QPay

The UK seized 2 million pounds ($2.61 million) from a London-based fintech firm, saying that the funds were linked to a $150 million U.S....
 

Major Generali Investor Norges Backs Reappointment of CEO Donnet

Norges Bank Investment Management, one of the main institutional investors in Generali GASI.MI, backs the reappointment of CEO Philippe...
 

Australia's Westpac Banking Fined A$113M for Multiple Compliance Breaches

An Australian court ordered Westpac Banking Corp. to pay A$113 million ($82.92 million) in penalties for multiple compliance failures...
 

Canada's Housing Downturn Among Biggest Financial System Risks, Regulator Warns

A housing market downturn in Canada is among the biggest risks facing the financial system this year, the country's financial regulator...
 

India Halves Fundraising Goal to $3.9B for Life Insurance Corp.'s IPO: Source

New Delhi is halving its fundraising goal for Life Insurance Corp. of India's IPO to 300 billion rupees ($3.9 billion), having had to cut...
 

People Moves: Lloyd's Names Hernandez Mkt. Dev. Mgr., Central America; Chaucer Taps Argenta's Sheppard for Renewables; H.W. Kaufman Promotes Kaufman Davis

This edition of International People Moves details appointments at Lloyd's, Chaucer, and H.W. Kaufman Group. A summary of these new hires...
 
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Research and Webinars

 
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Beyond Burnout: Redefining Benefits for a New Era of Work

In a new report, Beyond Burnout—Redefining a New Era in the Work Place, Cake & Arrow gets to the heart of how people's...
 
research

There's a Microchip Shortage. What Now?

Entering into another year of unpredictability in the global supply chain, the shortage of automobile semiconductor chips —...
 
research

Navigating a Sea of Uncertainty: 5 Reasons to Select a Cargo Policy

Port accumulation and trans-shipment delays. Extreme weather events. Fires at sea. These are just a few interconnected yet...
 
research

It's Shaping Up to Be the Best E&S Lines Market in U.S. History

It's shaping up to be the best E&S lines market in U.S. history. Are you realizing the benefits? In this whitepaper, we'll...
 
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How Markel Insurance Uses Black Kite in Their Daily Underwriting Process

This report analyzes the top 99 insurance companies by net premiums written in order better understand their cyber posture and...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 46: You've Heard it Before, So Here it is Again: D&O is a Tough Pill for Cannabis

Directors and officers is a tough line of business, no matter what industry is footing the...
 
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EP. 35: Creating Harmony: What Cyber, Insurance Pros Can Learn from Music

Music may not be the first thing that comes to mind when considering the cybersecurity and...
 
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