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Today's Headlines

 
July 29, 2022
 
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National

 

Director of 9/11 Fund Picked to Estimate Cost of J&J Talc Claims

The lawyer who oversaw payments to victims of the Sept. 11 terrorist attacks will be appointed by a federal judge to estimate the total...
 

Twitter's Battle With Elon Musk Over $44 Billion Deal Heads to Oct. 17 Trial

Twitter's bid to hold Elon Musk to his $44 billion deal for the social media platform will head to a five-day trial beginning Oct. 17,...
 

Industry's Blockchain Project, B3i, Ceases to Trade After Filing for Insolvency

The industry's blockchain project, B3i, has ceased activities and filed for insolvency following unsuccessful funding rounds. "The...
 

People Moves: AXA XL New Heads of E&S Property, Middle-Market; Aon Chief Innovation Hire

AXA XL promotes Chris Lee to Head of E&S property; Mathew Waters to Lead Middle Market AXA XL has promoted Christopher Lee to lead its...
 

Biden EPA to Tackle Coal Industry Carbon With Rules on Other Pollutants

The U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help encourage the...
 

U.S. Crop Writers Post Record Premium Growth on Commodity Prices, Innovation: AM Best

Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly...
 

U.S. Financial Stability Oversight Council to ID More Climate-Related Risks

The Financial Stability Oversight Council convened on Thursday to identify and address climate-related financial risk. The FOC last year...
 

How to Move Past 'Analysis Paralysis': Five Steps for Leaders

As an executive and leader of a property/casualty insurance carrier, you are responsible for making consequential...
 
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East

 

New York Attorney Sentenced in Multi-Million Dollar Litigation Financing Scheme

A disbarred New York lawyer was sentenced yesterday to 36 months in prison for defrauding investors in his now bankrupt litigation...
 

Black Family Sues Sesame Place Amusement Park, Alleging Discrimination

A Baltimore family is suing a Sesame Street-themed amusement park for $25 million over claims of racial discrimination, alleging multiple...
 

Grubhub Drivers Are Not Exempt From Arbitration, Massachusetts High Court Rules

On-demand delivery drivers for Grubhub are subject to the company's mandatory arbitration clauses in their contracts, the Massachusetts...
 

Massachusetts Looks to Shield Abortion Providers, Patients From Other States

Massachusetts lawmakers approved a sweeping abortion bill Tuesday aimed in part at building a firewall to protect access to the procedure...
 

People Moves: Hilb Namef CEO at Choice Financial; Crum & Forster Appoints Kovalsky to Credit Team; Cross Insurance Welcomes Randlett as Counsel

Hilb Group Founder Takes Helm at Choice Financial Virginia insurance agency Choice Financial Group has appointed insurance veteran Robert...
 
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Midwest

 

Appeals Court Reverses Verdict Against Surgeon in Spinal Implant Kickback Case

A federal appellate court overturned a $5.5 million jury verdict against a Missouri orthopedic surgeon who is accused in a whistleblower...
 

Tobacco Firms Sued for $133 Million in Missed Settlement Payouts

Philip Morris USA, R.J. Reynolds Tobacco Co. and more than a dozen other tobacco companies were sued by Iowa's attorney general for...
 

Freight Broker Sues Liberty Mutual for 'Excessive' Work Comp Premiums

An Illinois freight broker has filed a lawsuit accusing Liberty Mutual of overcharging it by demanding payment of workers' compensation...
 
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Southeast

 

Record Floods in Kentucky Take 15 Lives, Hundreds of Homes

Record flooding in parts of Appalachia have left at least 15 dead, hundreds of homes destroyed and entire communities wiped out. Search...
 

State Farm Settles Alabama Class Action Charging it Underpaid Claims

Did State Farm Insurance employ a clever device to reduce its payout - sometimes to zero - on thousands of property claims in Alabama?...
 

Another One: American Traditions Stops New Business in Florida

Another property insurer has halted writing new policies in Florida. For homeowners, condominiums and rental properties, "new business...
 
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South Central

 

Detective: Alex Jones 'Most Dangerous' Type of Attack Denier

The detective who led the investigation into the 2012 Sandy Hook Elementary School attack testified Tuesday that there are three types of...
 

Texas Claims Adjuster Ordered to Cease Business in Louisiana for Allegedly Withholding Payments

Investigators from the Office of Insurance Fraud and Enforcement at the Louisiana Department of Insurance on July 22 issued non-resident...
 

Hidden Menace: Massive Methane Leaks Speed Up Climate Change

To the naked eye, the Mako Compressor Station outside the dusty West Texas crossroads of Lenorah appears unremarkable, similar to tens of...
 
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West

 

Washington Auto Repair Owner Caught 2nd Time in Workers' Comp Scam

A Kennewick, Washington, business owner pleaded guilty to a felony for failing to provide workers' compensation insurance for his...
 

Pipeline Company to Pay Nearly $1M for California Oil Spill

The owner of an underwater oil pipeline that spilled some 25,000 gallons of crude into the ocean off Southern California last year will...
 

People Moves: Risk Strategies Makes Roth Senior Vice President in Colorado; Dietrich Named to Pinnacol Board

Risk Strategies named Patrick Roth senior vice president, growth leader for the Central and West regions. Roth is located in Colorado. He...
 

AM Best Removes Golden Bear in California from Under Review and Affirms Credit Ratings

AM Best removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the...
 
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International & Reinsurance

 

Lloyd's of London's Ascot, Marsh Provide Insurance for Ukraine Sea Corridor

Lloyd's of London insurer Ascot and broker Marsh on Friday launched marine cargo and war insurance for grain and food products moving...
 

Barclays Hit With Race Discrimination Claims in London

Barclays Plc was hit with three discrimination claims in London from Black bankers who accused the lender and colleagues of treating them...
 

New Sustainability Rules Attacked for Protecting Profits Over Planet

The organization aiming to set worldwide climate reporting requirements for decades to come is under fire for putting corporate interests...
 

Industry's Blockchain Project, B3i, Ceases to Trade After Filing for Insolvency

The industry's blockchain project, B3i, has ceased activities and filed for insolvency following unsuccessful funding rounds. "The...
 

Euro Zone Growth, Inflation Accelerate but Recession Looms

The euro zone economy grew much faster than expected in the second quarter, but economists said it might be the economy's last hurrah...
 

Howden Begins French Expansion With Acquisition of C.R.F. Conseils

Howden, the London-based international insurance broker, announced it had agreed to acquire C.R.F. Conseils (CRF), an independent broker...
 
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Insurance Journal Blogs and Columns

 

The Independent Agent's Role in the Surety 'Trust Triangle'

This post is part of a series sponsored by Old Republic Surety. Large surety accounts aren't handled as mere transactions. They require a...
 

Medicare Open Enrollment Season: Best Practices for Producers

This post is part of a series sponsored by AgentSync. Fall is nearly here: In the north, you may have changing leaves while in the south,...
 
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Research and Webinars

 
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The Power of a Network Partnership for Independent Agents

Increasing numbers of new agency owners, existing independents, and former captive agents are looking to join agency networks to...
 
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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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Future-Proof Best Practices for Workforce and Safety Training

When it comes to safety and compliance a comprehensive training program is a must. We have gathered data across industries to...
 
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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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4 Common Builders Risk Insurance Policy Options

The construction industry is hotter than ever, so there's never been a better time to learn builders risk insurance. In this...
 
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Insurance Journal TV

 
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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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EP. 52: Cannabis Business Plaintiff's Attorney on Miscues That Should Get Insurers' Attention

Michael Sampson may not have a rabid fanbase among insurers and insurance attorneys, but his...
 
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