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Today's Headlines

 
August 5, 2022
 
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National

 

Alliant Response to Gallagher Poaching Suit: Female Employees Left Due to Poor Treatment

Alliant Insurance Services fired back at rival Arthur J. Gallagher in response to a request from Gallagher for a temporary restraining...
 

CSU Team Slightly Lowers Forecast for Still Above-Average Hurricane Season

The hurricane research team at Colorado State University has slightly lowered its outlook for the Atlantic hurricane season but is still...
 

Equifax May Face Class-Action Suit After Credit-Score Glitch

Equifax Inc., the second-biggest global credit bureau, was hit with a proposed class-action lawsuit after a report that it provided...
 

Sills Named CapSpecialty CEO as Sennott Steps Down

CapSpecialty, a wholly-owned subsidiary of Alleghany Corporation, said Jack Sennott is stepping down from his roles as CEO, president and...
 

Insurtech Pie Insurance Partners with Bold Penguin, Talage, and Tarmika

Pie Insurance, an insurtech company specializing in workers' comp insurance for small businesses, announced strategic partnerships with...
 

Twitter Rejects Musk's Claims That He Was Hoodwinked

Twitter Inc. on Thursday dismissed Elon Musk's claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the...
 

Global Insurtech Investment Down 50% in Q2: Gallagher Re

Global investment in insurance technology firms totalled $2.41 billion in the second quarter, down 50% from a year earlier, as investors...
 

Do Truck Drivers Need CGL Coverage?

During my 17-year stint at the Big “I” national association, I received tens of thousands of coverage questions from member agents. One...
 

Becoming Truly Digital

Becoming truly digital is going to be a long, arduous, zigzag, stop-and-go journey for all companies involved with...
 
More National News »
 
 
 
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East

 

State Farm Alleges $2.6M Auto Insurance Fraud by New Jersey Chiropractors, Doctors

Insurer State Farm is fighting what it says is a fraudulent medical scheme that has been exploiting New Jersey's personal injury...
 

Lawsuit Against Massachusetts Police Alleges Wrongful Arrest of Black Man

A suburban Boston police officer who was pursuing a white suspect pinned a 20-year-old Black man to the ground as he was walking home and...
 

PCF Acquires Professional Warranty Service of Virginia

Utah-based PCF Insurance Services (PCF) has acquired Professional Warranty Service Corp., a specialty insurance and home warranty company...
 

Union Mutual Invests in Vermont Solar Project

Union Mutual Insurance Co. recently announced its participation in community-owned solar project under development by the Acorn Renewable...
 

Renaissance Network Adds Frank Financial Agency of Massachusetts

Dale A. Frank Financial has become a member of Renaissance's network of New England-based independent agencies. Dale A. Frank Financial...
 
More East News »
 
 
 
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Midwest

 

Omaha, Nebraska to Host Insurtech on the Silicon Prairie in October

Nebraska Department of Insurance Director Eric Dunning announced that the Insurtech on the Silicon Prairie conference is back in-person...
 

Teenagers Charged with Arson at Chicago-Area Shuttered Resort

Two teenagers have been charged with arson for allegedly setting a May fire at a shuttered suburban Chicago resort that took firefighters...
 
More Midwest News »
 
 

Insurance Jobs

 

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Southeast

 

Alera Group Acquires Georgia Agency

Alera Group, an independent P/C and benefits firm, has acquired Jowers-Sklar Insurance, a Georgia-based independent agency specializing...
 

FEMA Adds Floyd, Pike Counties for Kentucky Flood Assistance

Federal emergency officials have expanded the number of flood-stricken counties in eastern Kentucky that are eligible for individual...
 

World Insurance Associates Acquires Consumers Choice Underwriters

World Insurance Associates announced its acquisitions of Consumers Choice Underwriters Inc. of Miramar, Florida, on June 1. Terms of the...
 
More Southeast News »
 
 

South Central

 

Hub Acquires Louisiana's Bubrig

Hub International Limited announced that it has acquired the assets of Bubrig Insurance Agency, Ltd. Terms of the transaction were not...
 

North Texas Wildfires Continue to Erupt

One firefighter was injured and two others were treated for heat exhaustion while fighting a wildfire in North Texas that burned almost...
 

Jury Awards Sandy Hook Parents $4.1 Million in Defamation Case Against Alex Jones

A Texas jury on Thursday ordered conspiracy theorist and media personality Alex Jones to pay $4.1 million to the parents of a Sandy Hook...
 
More South Central News »
 
 

West

 

Surveillance, Posts Lead to Arrest of California Mechanic for Workers' Comp Fraud

Richard James McGee, 47, of San Bernardino, California, was arraigned today on two felony counts of workers' compensation insurance fraud...
 

Seattle Ending COVID Hazard Pay for Grocery Store Workers

The Seattle City Council has voted to end COVID-19 hazard pay for grocery store workers. The Seattle Times reports the council voted 5-2...
 

California's Largest Wildfire Got Very Little Help from Rainfall

California's largest wildfire so far this year has so far charred nearly 90 square miles, getting only a little help from rainfall in the...
 
More West News »
 
 

International & Reinsurance

 

UK's Solvency II Reforms Could Open Door to Share-Buyback Bonanza for Insurers

Insurers would potentially be able to use billions of pounds of expected gains from a relaxation of capital rules for share buybacks and...
 

Ukraine Wants Ship Safe Passage Deal Extended Beyond Grain to Other Cargoes

Three grain ships left Ukrainian ports on Friday while the first inbound cargo vessel since Russia's invasion was due in Ukraine later in...
 

Japan Truck Manufacturer Hino Admits It Faked Emissions Data for 20 Years

TOKYO (AP) - Hino Motors, a truck maker that's part of the Toyota group, systematically falsified emissions data dating back as far as...
 

Russian E-commerce Firm Ozon Assesses Damages After Massive Warehouse Fire

MOSCOW - Russian e-commerce company Ozon said on Thursday it was still assessing the economic damage from a huge fire at its warehouse...
 

Russia Finds New Route to Get Oil to Market Via Tiny Egyptian Port

Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow. A cargo of about 700,000...
 
More International & Reinsurance News »
 
 
 
 
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Research and Webinars

 
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Reducing Commercial Auto Risk Exposure for Incomplete Trucks via Accurate Data & Automation

It's likely that 65% of commercial trucks on your books are undervalued. Fortunately, insurtech can easily fix this by combining...
 
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Online Face Verification in Insurance: 5 Ways To Enable Digital Transformation

How can insurance companies use online face verification as part of their digital transformation strategies? Download our report...
 
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Biometric Authentication Explained

In a digital world, how can you be sure that someone is who they say they are? Or that they even exist at all? This book from...
 
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The Very Real Costs of Doing "Business As Usual"

AgentSync's Guide to the Price of "Business as Usual" in the Insurance Industry When an insurance organization considers adding...
 
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A Data-Driven Guide to Improving Workplace Safety

Data and analytics not only help develop preventative safety measures, but predictive safety measures as well. See how leading...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 43: How Should Insurers Be Thinking About Digital Privacy Post-Roe v. Wade?

The U.S. Supreme Court's June overturning of the 1973 Roe v. Wade decision protecting women's...
 
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EP. 53: Why Most Small-to Mid-Size Cannabis Operators Shun D&O

Since cannabis insurance became a thing, directors & officers insurance has been pricey and...
 
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