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Today's Headlines

 
April 29, 2022
 
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National

 

Purdue Pharma Squares Off With DOJ Over $6 Billion OxyContin Deal

A $6 billion deal hangs in the balance as OxyContin maker Purdue Pharma LP and its wealthy owners square off against the U.S. Justice...
 

Berkshire Investors Nudge for Better Governance, Social Issues as Meeting Looms

Warren Buffett will face pressure to improve Berkshire Hathaway Inc's environmental and social policies as well as governance when he...
 

Musk Loses Bid to End SEC Agreement on Oversight of Tesla Tweets

A U.S. judge slammed Elon Musk for trying to escape a settlement with regulators requiring oversight of his Tesla Inc. tweets, saying the...
 

Is AXIS Selling Its Reinsurance Business? Some Say: Where There's Smoke, There's Fire

AXIS Capital Holding's chief executive officer would not comment on reports that the company is looking to sell its reinsurance unit. But...
 

Markets/Coverages: QBE N.A. Starts Specialty Casualty; Ryan Specialty, Harleysville Team Up; Coalition, Vantage Capacity Partners; Joyn Expands Offerings

QBE North America launches Specialty Casualty business QBE North America today announced the launch of a Specialty Casualty business as...
 

50 Big Corporations Pushing Congress for Clean Energy Tax

As Congress is poised to return from a break, nearly 50 major reporting at least $200 million in annual revenue urged lawmakers to pass...
 

A Different Kind of Guard: Agent Watches NFL Draft With Eye on Protecting Players

Like millions of Americans, Timothy Radcliff will be glued to the NFL Draft the next couple days. Radcliff's interest in the draft isn't...
 

Reimagining Restaurants and Risk

Supply shortages, rising inflation, higher food costs and labor shortages, along with the COVID-19 pandemic, are challenging the food...
 

War in Ukraine Renews Questions Around Likelihood, Insurability of Cyber War

Since Russia launched a full-scale military invasion of Ukraine on Feb. 24, questions have resurfaced...
 
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East

 

TPA's Quick Denials of First Responders' Workers' Comp Claims Draws Penalty

A workers' compensation insurer must pay $100,000 under an agreement with Vermont state regulators because its claims administrator gave...
 

Markets/Coverages: Home Insurer Hippo Expands to New York State

Hippo Insurance Services announced it will offer home insurance products in New York State. With New York, Hippo products are now in 38...
 

Maine's Long-Time Chamber of Commerce Leader Stepping Down

The longtime president of the Maine State Chamber of Commerce and one of the best known advocates for businesses in the state said this...
 

Cross Insurance Acquires Humphrey, Byfield Agencies in Coastal Massachusetts

Cross Insurance announced the acquisition of Newburyport, Massachusetts-based Harold Humphrey Insurance Agency, Inc. and its sister...
 
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Midwest

 

Missouri Recycling Facility Faces Fine of $260K Over OSHA Violations

A workplace safety investigation following a worker's fatal crushing injuries at a St. Louis, Missouri recycling facility on Oct. 26,...
 

Probe Finds Race Discrimination by Minneapolis Police

The Minneapolis Police Department has engaged in a pattern of race discrimination for at least a decade, including stopping and arresting...
 

Progress Made in Containing Nebraska Wildfire

Progress has been made toward fully containing a deadly southwestern Nebraska wildfire that has been burning since last week, officials...
 
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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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Southeast

 

North Carolina AG Sues Contractor for Deceptive AOB Work after Hurricane

North Carolina Attorney General Josh Stein has filed suit against an Illinois contractor who came to the state after Hurricane Florence...
 

'Going and Coming' Rule Gets a Little More Focused, Florida Court Decides

A Florida appeals court has put a fine point on the still-evolving "going and coming rule" in workers' compensation law. The 1st District...
 

Florida's Largest, Universal P&C, Sheds Policies, Shows Improved Bottom Line

Amid growing concerns about the health of Florida's property insurers, the state's largest carrier posted a somewhat mixed bag of...
 
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South Central

 

People Moves: Texas Mutual Names Ziolkowski Regional VP; RHSB Adds Smith, Yoder as Assistant VPs

Texas Mutual Insurance Company Names James Ziolkowksi as Regional Vice President Texas Mutual Insurance Company recently named James...
 

Louisiana Man Becomes 37th Defendant Convicted in Operation Sideswipe

United States Attorney Duane A. Evans announced that David Brown age 50, of Morgan City, pled guilty on April 27, 2022 to Count One (1)...
 

Louisiana Insurers Have Paid or Reserved $12.1B on Ida Claims

Louisiana Insurance Commissioner announced insurers have paid or reserved $12.1 billion on all types of Hurricane Ida-related claims in...
 
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Insurance Jobs

 

Commercial Lines Carrier Underwriter - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Commercial Lines Rater / Rating Technician - Carrier - 100% REMOTE - Work At Home Vintage Experts - Remote

 

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

 

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

 
 
 

West

 

Takeaways from Our Conversation on Cannabis D&O

Directors and officers insurance is pricey and difficult to obtain in most business sectors, but by some accounts cannabis businesses may...
 

California Increasing Awards in Medical Malpractice Cases

People who get hurt because of a doctor's negligence in California could soon get a lot more money in malpractice lawsuits under an...
 

Former California Insurance Agent Sentenced for Stealing Premiums

Formerly licensed insurance agent Narek Harutyunyan, 31, of Camarillo, California, was sentenced this week in Ventura County Superior...
 

$18M Settlement in Fatal California Lamborghini Crash Involving Teen

The family of a woman killed when a 17-year-old driver crashed his father's Lamborghini into her car in Los Angeles has reached an $18.85...
 
More West News »
 
 

International & Reinsurance

 

Is AXIS Selling Its Reinsurance Business? Some Say: Where There's Smoke, There's Fire

AXIS Capital Holding's chief executive officer would not comment on reports that the company is looking to sell its reinsurance unit. But...
 

Update: Generali's CEO Survives Leadership Challenge, but Rebels Take Board Seats

Philippe Donnet kept his job as chief executive of Italian insurer Generali on Friday, surviving a challenge from a group of rebel...
 

Russia May Be Forced to Cannibalize Half Its Planes for Spare Parts: Kommersant

Russia may be forced to ground between half and two-thirds of its commercial aircraft by 2025 in order to cannibalize them for spare...
 

SEC Sues Brazilian Miner Vale Over 'False and Misleading' Claims About Safety of Dams

The U.S. Securities and Exchange Commission (SEC) on Thursday sued Brazilian miner Vale for allegedly making false and misleading...
 

EasyJet Cancels Leases on Russia-Owned Jets in Rare Sanctions Anomaly

EasyJet Plc terminated rental contracts on six Airbus SE jets owned by a Russian state leasing company in a rare example of sanctions...
 

Japan Officials Investigate Previous Accidents of Operator of Sunken Japan Tour Boat

TOKYO (AP) - The head of the company that operated a tourist boat that sank off northern Japan with 26 people aboard said Wednesday he...
 

People Moves: AXA Reappoints Buberl as CEO; Gosset-Grainville Named Chair

Thomas Buberl has been reappointed as AXA's chief executive officer, while Antoine Gosset-Grainville has been name chairman of the board...
 

'Malicious' Attacks on French Fiber Networks Cause Internet Outages

Attacks on long-distance fiber-optic cables caused internet outages in several parts of France, carriers SFR and Free said on Wednesday....
 
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Insurance Journal Blogs and Columns

 

I Don't Blame Vyrd. I Blame the System.

I had planned to write and try and answer the question, how can Demotech give a brand-new company (Florida newcomer, Vyrd Insurance) an A...
 
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Research and Webinars

 
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How the "Work" in Workers' Comp Is Changing

The Great Resignation. Labor shortages. Remote work. How are today's workplace trends affecting workers' compensation? Join us...
 
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The Ultimate Tax Savings Guide For Insurance Agents

Tax season is here, and as an insurance agent, there are many unique tax strategies available that will help you maximize your...
 
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The New Era of Work: How Benefit Providers Can Evolve to Meet Employee Expectations

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

Third-party Risk Posture of the Top 99 US Insurance Companies

This report analyzes the top 99 insurance companies by net premiums written in order better understand their cyber posture and...
 
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Attaining Compliance in the Cannabis Universe

Compliance in the cannabis industry is fraught with risk across areas like licensing, equipment, testing, distribution, 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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