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Today's Headlines

 
January 28, 2022
 
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Hackers Gonna Hack
 
Be prepared with insights from the Cyber Market Outlook.
 
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National

 

Insurer Looks to Close Insurance Gap for Home-Based Businesses

It seems more and more budding entrepreneurs have followed the allure of starting a home-based business, so much so that it is estimated...
 

Tesla's Musk Sees Safe Self-Driving Vehicle This Year and Humanoid Robot Next Year

Tesla's most important products this year and next will not be cars, Chief Executive Elon Musk said on Wednesday, but software that...
 

Families of Crash Victims Want Boeing 737 Settlement Reopened

Relatives of passengers who died in crashes of Boeing 737 Max jets are pressing Attorney General Merrick Garland to help them re-open a...
 

People Moves: NFP Cyber Adds Marsh's Maugé, WTW's Cavaliere; Dillman to Head Chubb's Digital Transformation

NFP Welcomes Cyber Risk Experts Mauge and Cavaliere Insurance broker NFP announced the addition of Courtney Maugé, senior vice...
 

Insurtech Accelerant Raises $190 Million

InsurTech Accelerant raised more than $190 million at a $2 billion pre-money valuation in its latest funding round. Atlanta-based...
 

Only 38% of 2021's Natural Disaster Losses of $343B Were Covered by Insurance: Aon

Natural disasters cost global economies a total of $343 billion in 2021, compared with $297 billion in 2020, according to Aon's "2021...
 

Update: Marsh McLennan Q4 Net Income Jumps 100%; 6,000 Employees Added in 2021; Cyber Still Growing

Fourth quarter 2021 net income at Marsh McLennan more than doubled compared to the same period in 2020, to $803 million. Full year net...
 

Why ADAS Drives Claims Severity Higher (It May Not Be What You Think)

When auto insurance executives talk about claims severity trends across the industry, a common theory they advance is...
 
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Warranty Survey Report
 
AmTrust's Warranty Survey Report reveals an opportunity in the marketplace to improve offerings and expand warranty adoption across all categories.
 
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East

 

Delaware Lawmakers Advance Bill Legalizing Recreational Marijuana

A Democrat-led House committee voted mostly along party lines Wednesday to release a bill legalizing recreational marijuana use by adults...
 

New York AG Says State to Receive $230M From $26B Opioid Settlement

New York Attorney General Letitia James said the state will receive the maximum amount of $230 million available under the $26 billion...
 

Maine Finds 'Forever Chemicals' in Wells in Kittery Homes

Testing wells in a Maine town contain per- and polyfluoroalkyl (PFAS) and the chemicals may have traveled through well systems and...
 
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Insurance Jobs

 

Agency Bookkeeper - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Insurance Account Manager or Customer Service Rep (CSR) - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Sales Representative/ Insurance Carrier - National General Insurance [An Allstate Company] - Utah - Remote/ Work from Home

 

Insurance Underwriter - New Energy Risk - San Francisco Bay Area

 

Small Business Account Manager - Plastridge Insurance - Delray Beach, FL/Remote/Hybrid available

 
 
 

Midwest

 

Berkshire Confirms Omaha Venue for In-Person Shareholders Meeting

Berkshire Hathaway confirmed that that its annual shareholders meeting will be an in-person meeting held in Omaha in April. The meeting...
 

New Lawsuit Alleges Negligence by Michigan School in Mass Shooting

A new lawsuit alleging negligence by school officials and a Michigan school shooting suspect's parents was filed Thursday over the attack...
 

Michigan Woman Sentenced For Committing $15,000 in Auto Insurance Fraud

Michigan Attorney General Dana Nessel and Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox announced...
 

Tesla Auto Insurance Expands Into Ohio

Tesla has expanded its own brand of auto insurance into Ohio, using real-time driving behavior for Model S, Model 3, Model X and Model Y...
 
More Midwest News »
 
 

Southeast

 

Florida Senator Tries Cat Fund Changes to Cut Cost of Property Insurance

Seeing no action on bills that would address Florida's spiraling property insurance problems head-on, one state senator took a different...
 

Carolina Supreme Court Limits Damages from Needle Stick in Target Parking Lot

Carla Denise Garrison's 8-year-old daughter picked up a used hypodermic needle from the parking lot outside a Target store and asked,...
 

Mississippi Pharmacist Sentenced in $180 Million Cream Scheme

A Mississippi pharmacist was sentenced Wednesday to five years in prison for a multimillion dollar scheme to defraud private insurance...
 

Florida Jury Awards $110M, Largest Yet in Earplug Suits Against 3M

A federal jury on Thursday awarded $110 million to two U.S. Army veterans who said combat earplugs sold by 3M Co to the military caused...
 

Alera Group Acquires Cate-Russell Agency in Tennessee

Alera Group has acquired six agencies around the country, including Cate-Russell Insurance, an independent insurance agency in Maryville....
 

Brightway Adds New Franchises in Florida

Jacksonville-based Brightway Insurance announced that it has opened two new franchises in Florida. Arturo Garcia opened Brightway, The...
 
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South Central

 

Lawyers: LSU Athletics Official Who Sued Department Fired in Retaliation

Lawyers for an associate athletic director who filed a $50 million federal racketeering lawsuit against Louisiana State University say...
 

Explosion at Louisiana Chemical Plant Injures 6

An explosion on Jan. 26 at a southwest Louisiana chemical plant has left at least six people with minor injuries. The explosion occurred...
 

Arkansas Insurance Commissioner to Chair NAIC Workers' Comp Task Force

Arkansas Insurance Commissioner Alan McClain has been appointed by the National Association of Insurance Commissioners (NAIC) to serve as...
 

Alera Group Acquires Texas' Heritage Risk Management

Alera Group has acquired Heritage Risk Management, a Lubbock, Texas-based network of independent risk management agencies serving clients...
 
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West

 

California Business Owner Couple Nabbed in $4.5M Workers' Comp Fraud Scheme

Wei Wen Wu, 54, and Feng Wen Lam, 49, both of Arcadia, California, were charged with 43 felony counts of insurance fraud, grand theft,...
 

California Insurance Agent Arraigned in Alleged Affinity Group Discounts Scheme

Raffi Sarian, 32, of North Hollywood, California, was arraigned this week on four felony counts of identity theft and nine felony counts...
 

Gun Rights Group Files Suit Against California City's Liability Insurance Law

A gun rights group and a gun owner have filed a lawsuit against a California city for a newly passed ordinance requiring citizens to...
 

Insurers Call California Climate Disclosure Bill 'Potentially Dangerous'

An insurer group is unhappy with new legislation to require insurance companies operating in California to disclose investments in fossil...
 
More West News »
 
 

International & Reinsurance

 

UK Regulator to Review 'Crippling' Post-Grenfell Property Insurance Costs

Property insurers have forced "crippling costs" onto residents of apartment blocks in the aftermath of the Grenfell disaster, the U.K....
 

Insurtech Unicorn Bolttech Weighs Raising $300M in Fresh Funds

Bolttech, an insurance technology unicorn backed by Hong Kong billionaire Richard Li, is considering raising $200 million to $300 million...
 

Insurtech MIC Global Receives 'In-Principle' Approval to Launch Lloyd's Syndicate

Insurtech MIC Global has received "in-principle" approval from Lloyd's for the creation of MIC Global Insurance Syndicate 5183. UK-based...
 

Allianz and UniCredit Expand Longstanding Multi-Country Bancassurance Agreement

Allianz and UniCredit have signed a multi-country agreement to build on the companies' longstanding bancassurance partnership which began...
 

QBE Launches Sustainable Energies Unit to Support Clients' Transition to Lower Carbon

QBE has launched a Sustainable Energies unit to support customers as they transition to lower carbon energy. The unit will align QBE...
 

FERMA Launches Risk Management Tool for Remote Working

The Federation of European Risk Management Associations (FERMA) has launched a simplified guide to risk mapping for remote working. The...
 

People Moves: Liberty GTS Expands in Europe; AEGIS London Promotes Yeldham to CUO; Brit Names Argo's Allen, MAP's Poynder for Property Facilities Team

This edition of International People Moves details appointments at Liberty Global Transactions, AEGIS London and Brit Ltd. A summary of...
 
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Insurance Journal Blogs and Columns

 

3 Reasons Insurance Professionals Should Read "Pay Up"

There is definitely one thing that you could accurately accuse me of, being behind in my reading. There is a bookshelf across from my...
 

One Simple Word

Help It's a simple but profound word. It indicates that you recognize that there is something in your path that exceeds your skills,...
 
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Research and Webinars

 
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When the Pace of Change Accelerates - Be Prepared to Change or Get Left Behind

Independent agents and dedicated agents looking to transition to an independent career have a lot to contemplate when...
 
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Small Business Safety and Health Handbook

Small business owners want to ensure their workers go home safe and healthy at the end of the day. However, small businesses...
 
research

Influence Restoration Services for Better Results

Your response to a client's disaster is the key to customer satisfaction, retention, and referrals.  Playing a role in your...
 
research

The Connected Insurance Agent Advantage

Discover how agents can use modern communication tools to personalize their experience at scale. As the face of insurance...
 
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2021 Warranty Survey Report

The Warranty Survey report takes a deeper dive into data, such as: Who is most likely to have purchased an extended warranty in...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 40: EPL Challenges for Cannabis Include High Turnover

Employment practices liability is tough across pretty much all industries. As cannabis...
 
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EP. 39: Expert Says Cannabis Insurance Rates for Cyber, EPL, Property to Rise in 2022

A survey of 200-plus cannabis insurance-focused professionals at one of the largest brokers in...
 
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