Insurance Journal
 
 

Today's Headlines

 
July 1, 2022
 
 

National

 

U.S. Supreme Court Limits Federal Power to Curb Carbon Emissions

Conservative justices power 6-3 ruling; liberals dissent Ruling curbs EPA ability to regulate power plant emissions Biden vows to tackle...
 

Agents: Fourth of July Brings Risks & Claims

It has been a few years. Policyholders may have forgotten about that last barbeque mishap in their backyard. Maybe the memory has gotten...
 

New NHTSA Chief: Agency to Scrutinize Auto-Driver Technology

The new head of the government's road safety agency says it will intensify efforts to understand the risks posed by automated vehicle...
 

Tesla Faces New Lawsuit Alleging Racial Abuse Against Black Workers

Fifteen Black former or current employees at Tesla filed a lawsuit against the electric car maker on Thursday, alleging they were...
 

ESG Managers Say Wave of Probes, Scorn Heralds Better Days Ahead

ESG investment strategies are being probed for deceptive labeling, criticized for excluding firms like Tesla Inc. and questioned as to...
 

Vertafore Acquires MGA Systems

Insurance technology vendor Vertafore reports that it has acquired MGA Systems, a provider of software for managing general agencies...
 

Survey: Broad Support for Renewables, Gap in Climate Change Awareness

There is overwhelming public support across the globe for using renewable energy, according to a new survey out from the Yale Program on...
 

Remote Work and the Risks

While most remote workers tend to be in “white collar” jobs with less physical injury risk than other industries such as construction or...
 

Don't Count Out InsurTech Disrupters, Carrier CEOs Say

InsurTechs bent on disrupting the insurance industry haven't succeeded so far, but a future wave of InsurTechs might...
 
More National News »
 
 
 
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Featured Events

 
The 30th Annual ICT/AFACT Property and Casualty Insurance Symposium

The 30th Annual ICT/AFACT Property and Casualty Insurance Symposium

July 20 - July 21 / Austin, TX
 
 
 

East

 

McDonald's Franchise Owner Consents to $1.6M Settlement of Sex Harassment Suit

Coughlin, Inc., a Vermont-based company that owns 10 McDonald's franchise restaurants in Vermont and New Hampshire, will pay $1,600,000...
 

Family Blames Fatal Wreck on PennDOT's Failure to Fix Ditch

Matt Neidlinger crested the hill of a narrow, twisty state road and found a nasty surprise waiting for him at the bottom. The ditch was a...
 

Grocery Chain Wegmans Settles with New York Over Data Breach

The supermarket chain Wegmans agreed to pay $400,000 and upgrade its security practices over a data breach that exposed personal...
 

No Injuries Reported in Fire at Maryland Boys' Summer Camp

THURMONT, Md. (AP) --Crews battled a fire at an overnight summer camp in western Maryland on Wednesday morning, but no injuries were...
 

Supreme Court Declines to Hear New York Vaccine Mandate for Health Workers

The Supreme Court declined on Thursday to take up a case involving a COVID-19 vaccine requirement for health care workers in New York...
 
More East News »
 
 

Insurance Jobs

 

Personal Lines New Business Processor: - Community Insurance CEnter - Oxford, Michigan

 

Commercial Wholesale Underwriter I - 100% Remote - Topa Insurance Company - Remote

 

Agency Controller - Quantum Assurance International - Remote

 

COMPLEX GL ADJUSTER: NATIONAL CASUALTY EXPERIENCE - Gramercy Risk Management - Remote

 

Client Manager - Employee Benefits - Innovative Outsourcing - Dunwoody, Georgia, Northeast of Atlanta - Hybrid

 
 
 

Midwest

 

Ohio Vehicle Parts Manufacturer Faces $315,000 in Fines

An Ohio aluminum vehicle parts manufacturer cited for safety and health violations after a worker in Ravenna suffered fatal injuries in...
 

Regulators: Amtrak Train Was Below Speed Limit Before Fatal Crash

An Amtrak passenger train was going about 87 mph (140 kph) when it collided with a dump truck at a rural Missouri railway crossing,...
 
More Midwest News »
 
 

Southeast

 

Governor, Florida Cat Fund Board Agree to Raise Premiums for Insurers

Florida property insurers have another cost increase to manage after the Florida Hurricane Catastrophe Fund was approved for a premium...
 

North Carolina Assembly Sends Rental Home Elevator Safety Bill to Governor

Safety improvement requirements to prevent injury or death from elevators inside North Carolina vacation cottages and short-term rentals...
 

New Alabama, Georgia Laws Taking Effect Today Indirectly Affect Insurance

Several Alabama and Georgia laws that could indirectly affect property, liability and workers' compensation insurance take effect today,...
 

Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re

Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall,...
 

Gone with the Flo: Progressive Stops Writing DP-3 Policies in Florida

Eight months after it stopped renewing homeowners and rental property policies in Florida, Progressive Insurance announced it will now...
 
More Southeast News »
 
 

South Central

 

Regulator Bars Texas Plant Restart Over Safety Concerns

The second-biggest U.S. liquefied natural gas export facility hit by fire earlier this month will not be allowed to repair or restart...
 

2 Workers Presumed Dead in Texas Trench Collapse

Two workers were presumed dead after a trench they were digging for a sewer line in Texas on Tuesday collapsed and buried them, officials...
 

Supreme Court: Vet Who Lost Job as Texas Trooper Can Sue State

The Supreme Court on Wednesday allowed a former state trooper to sue Texas over his claim that he was forced out of his job when he...
 
More South Central News »
 
 

West

 

UFC Star Charged in Shooting Sues California Day Care Owners over Alleged Molesting

Cain Velasquez, the former UFC heavyweight champion accused of trying to kill the man he claims molested his 4-year-old son, is suing the...
 

People Moves: CIG Promotes Foggie to Director of Field Operations; Scheiner Named Southwest Field Executive

Monterey, California-based Capital Insurance Group named Victor Foggie director of field operations. Foggie will oversee CIG's regional...
 

PCF Acquires MGA United Underwriters in Utah

PCF Insurance Services acquired Utah-based property/casualty managing general agent United Underwriters. United Underwriters offers...
 
More West News »
 
 

International & Reinsurance

 

Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon

For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July...
 

Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re

Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall,...
 

State-Controlled RNRC Says It Now Covers Nearly All Russian Reinsurance

State-controlled Russian National Reinsurance Co. (RNRC) is covering nearly all reinsurance of domestic business, its president said on...
 

Tropical Storm Bonnie Forms Near Nicaragua in Caribbean

Tropical Storm Bonnie formed in the Caribbean east of Nicaragua, a dangerous system that threatens a potential humanitarian crisis but...
 

Climate Change Driving Extreme Heat and Flooding in 2022: Report

Extreme weather events - from scorching heatwaves to unusually heavy downpours - have caused widespread upheaval across the globe this...
 

Brand Appointed Group CEO of Convex

The Board of Convex Group Ltd., the Bermuda-based specialty re/insurer, announced that Paul Brand, who founded the business in 2019 with...
 

People Moves: Verisk Promotes Rayner to President of Specialty Business Solutions; Munich Re Appoints 2 Senior Leaders for Singapore and SE Asia

This edition of International People Moves details appointments at Verisk and Munich Re. A summary of these new hires follows here....
 
More International & Reinsurance News »
 
 
 
 
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Insurance Journal Blogs and Columns

 

What High Home Prices Mean for Your Clients' Flood Insurance Needs

This post is part of a series sponsored by SWBC. In the last two years, many homeowners have seen the value of their homes skyrocket....
 
More Blogs »
 
 

Research and Webinars

 
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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...
 
research

Three Visions for Empowering Independent Agents

During the pandemic, Cake & Arrow conducted qualitative research with hundreds of gig workers and small business owners to...
 
research

Bird's-Eye View: How Property Insurers Are Using Aerial Data

"They got planes in the air, and we had pictures the next day... before we could even get claim adjusters in there." - Tier 1...
 
research

Around the World: Insurance, Climate Change, Disclosures, and Risk

Tune in Thursday, July 14th at 10am PT / 1pm ET for an expert panel discussion hosted by Insurance Journal. Here's what we'll...
 
research

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...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 51: Insuring Cannabis Seeds Specialty Promises to Grow

The U.S. Drug Enforcement Administration declared in an April memo that cannabis seeds that...
 
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EP. 40: Hey Siri, What's Next for AI and Robotics in Insurance?

A lot has changed in the world of automation since Apple first launched its virtual assistant,...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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