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Today's Headlines

 
July 16, 2021
 
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National

 

In Its Quest for Diversity, Insurance Industry Finds One Size Does Not Fit All

In the wake of massive protests last year focused on racial equity and social justice, insurers are among the many industries confronting...
 

Biden Administration Plans More Ransom Payment Tracing in Fight Against Attacks

The Biden administration intends to crack down on the use of cryptocurrencies in ransomware attacks through more rigorous tracing of...
 

Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom

Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial...
 

Drug Overdose Deaths Hit Record 93,000 During 2020 Pandemic

Overdose deaths soared to a record 93,000 last year in the midst of the COVID-19 pandemic, the U.S. government reported Wednesday. That...
 

U.S. Launches 'Stop Ransomware' Website; Offers Reward Up to $10M

The State Department will offer rewards up to $10 million for information leading to the identification of anyone engaged in foreign...
 

Cape Analytics Gains $44 Million in Financing

Cape Analytics has attracted $44 million in new financing that the of property data firm plans to use for expansion, accelerated product...
 

Q&A: Have Drivers Gotten Worse Since COVID?

As the restrictions around COVID-19 are lifted, and more and more people hit the road to return to their work spaces and routines, there...
 

U.S. Heatwave 'Virtually Impossible' Without Climate Change, Scientists Say

An international group of 27 climate scientists have concluded that the recent heat wave in the Pacific Northwest was "virtually...
 

Construction Industry Hammers Away Amid Labor Woes, Rising Costs, Delays, Tough Insurance Market

It is not the best of times for the construction industry and its insurers. But neither is it the worst of times. The construction...
 

How Humility Can Fuel Successful Insurance Innovation

Having studied dozens of legacy and startup insurers to see how the insurance industry can innovate and evolve, I have...
 
More National News »
 
 
 
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East

 

Delaware Captive Insurance Legislation Signed by the Governor

With Delaware Governor John Carney's recent signature, the state's Captive Insurance Division is providing increased flexibility in its...
 

New York Man Arrested for Insurance Fraud Following Criminal Investigation

A New York man has been arrested for insurance fraud in the second degree following a year-long criminal investigation. On January 28,...
 

World Insurance Associates Acquires New Jersey's McCue Captains Agency

World Insurance Associates LLC (WIA) has acquired McCue Captains Agency of Little Silver, New Jersey, on July 1, 2021. Terms of the...
 
More East News »
 
 

Insurance Jobs

 

Licensed Insurance Account Manager - Angela Adams Consulting Services, Inc. - Remote - Work from home

 

Commercial Lines Compliance / Surplus Lines Tax Filings – REMOTE - Work At Home Vintage Experts - Remote / Nationwide

 

Personal Lines Umbrella Underwriter - Insurance Company - Work At Home Vintage Experts - Remote

 

Reinsurance Specialist - Department of Financial Services - NYC, NY

 

Statutory Consultant - SS&C Technologies, Inc. - Remote

 
 
 

Midwest

 

Wisconsin's Insurance Cybersecurity Measures Signed into Law

Wisconsin's governor has signed into law legislation creating new cybersecurity requirements for protecting data collected by the...
 

People Moves: Church Mutual Adds Stampen as Chief People Officer; Lau Now COO at Robertson Ryan; J.M. Wilson Promotes Mandwee, Hires Head and Durflinger

Church Mutual Insurance Pamela Stampen has been named chief people officer of Merrill, Wisconsin-based Church Mutual Insurance Co.,...
 

No Injuries but Iowa Tornadoes Damage Buildings, Overturn Vehicles

No deaths or injuries were immediately reported from tornadoes that tore through central and eastern Iowa, but many found damaged...
 

Nebraska Company, Owners Plead Guilty in Deadly 2015 Railcar Explosion

A Nebraska railcar-cleaning company and its two owners have pleaded guilty to violating environmental and worker safety laws after an...
 

Federal Disaster Declaration Approved for Michigan

With the approval of President Joe Biden, federal disaster assistance is now available to the state of Michigan to supplement state,...
 
More Midwest News »
 
 

Southeast

 

Elsa-Related Tornado Causes $1 million in Damage in Port Royal, S.C.

A tornado spawned as Tropical Storm Elsa moved inland across South Carolina caused about $1 million damage to buildings in the Beaufort...
 

Kentucky To Rebid Unemployment Insurance System Amidst Cybersecurity Concerns

Concerns about cybersecurity have led the state of Kentucky to extend its search for a company to modernize its pandemic-stressed...
 

Florida Judge Approves Sale of Property Where Collapsed Surfside Condo Stood

A Florida judge on Wednesday approved the sale of the oceanfront property where a collapsed Florida condominium building once stood, with...
 

Columbus, Georgia To Pay $500,000 To Settle 2017 Police Custody Death

A local government in Georgia agreed Tuesday to pay $500,000 to settle a lawsuit brought by the family of a Hispanic man who died in a...
 
More Southeast News »
 
 

South Central

 

Houston Fans Shamed by Astros Cheating Scandal Strike Out with Lawsuit

Houston Astros ticket holders can't sue the team over its signal-stealing scandal even if it caused them "embarrassment, disappointment,...
 

Texas House Honors TSLA's Patterson for 40 Years of Service

In 2006, when Jean Patterson, executive director of the Texas Surplus Lines Association, was marking her 25 years with the organization,...
 

Tulsa, Oklahoma: Network Hack Gained Some Social Security Numbers

Hackers gained access to the Social Security numbers of more than two dozen people during a ransomware attack that forced the city of...
 
More South Central News »
 
 

West

 

Uber to Share Sexual Assault Claims Data on Website in Deal with California Regulator

Uber Technologies Inc. on Thursday reached a preliminary agreement with a California regulator for sharing data on sexual assault and...
 

Largest Wildfire in Oregon Prompts New Evacuations

Firefighters are scrambling to control a raging wildfire in southeastern Oregon that's spreading miles a day in windy conditions, one of...
 

Ousted New Mexico Police Chief Files Whistleblower Suit

Albuquerque's former police chief is accusing top city officials of violating open record laws and a state statute meant to protect...
 

Washington Governor Declares Drought Emergency

Washington Gov. Jay Inslee declared a statewide drought emergency because of hot, dry conditions that have plagued the region and water...
 

Newfront and ABD Insurance in California Agree to Merge

California companies Newfront Insurance and ABD Insurance and Financial Services have entered into an agreement to combine. The merger...
 
More West News »
 
 

International & Reinsurance

 

Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom

Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial...
 

Germany Reels from Flood 'Catastrophe'; Insurers Expect Costly Claims for 2021

Chancellor Angela Merkel pledged swift help backed by "all the power of the state" for people affected by devastating flooding in western...
 

Update: India's Digital Payments Startup Paytm Seeks to Raise $2.23 Billion in IPO

BENGALURU - Indian digital payments leader Paytm, which counts Ant Group and Softbank among its backers, is seeking regulatory approval...
 

Fintech and On-Demand Insurer N26 Eyes Value of About $10B in New Fundraising

N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the German...
 

Enstar to Repurchase Hillhouse's Equity Stake, Buys Controlling Interest in Enhanzed Re

Bermuda-based Enstar Group Ltd. announced it has entered into an agreement to repurchase Hillhouse Capital Management's entire remaining...
 

People Moves: Aon's EMEA Promotions; Lockton Re Hires Charit from Aon; Miller Names Hobbs as Head of Cyber

This edition of International People Moves covers appointments at three re/insurance brokers: Aon, Lockton Re and Miller. A summary of...
 
More International & Reinsurance News »
 
 

Research and Webinars

 
research

OSHA Top 10 for Brokers

Brokers, help your insureds avoid the most frequently cited violations. OSHA citations. They're rampant, they hide in plain...
 
research

Addressing Professional Liability Risks for CPA Firms

With today's expanding technology and issues surrounding audits, cybersecurity, regulatory & tax reform challenges as well...
 
research

93% of chronic sinus infections have been attributed to mold, learn more.

Indoor mold is potentially dangerous and destructive – you don't want it in your home or business! Mold is found everywhere...
 
research

Harvard Business Review Analytic Services on the Future of Customer Experience in Insurance

This compelling report by Harvard Business Review Analytic Services on the Future of Customer Experience in Insurance addresses...
 
research

What's Next for the P&C Industry in 2021?

The 2021 P&C Market Outlook Executive Summary provides agents with a valuable breakdown of the price predictions for...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 18: What Insurers Should Know as Ransomware Takes Center Stage

Cyber criminals aren't just stealing passwords and data. They're stealing the spotlight. Amid...
 
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EP. 27: These Cannabis Questions Must Be Answered in Final Six Months of 2021

At the half-way mark in 2021 as we emerge from the pandemic, one has to wonder what the rest...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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