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Today's Headlines

 
June 17, 2022
 
Today's Headline Sponsor: SIAA National Agency Alliance
 
 
 
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National

 

Appeals Court First to Rule in Favor of Coverage for COVID Shutdown

The attorney who filed the first U.S. lawsuit seeking insurance coverage for a business shut down because of coronavirus won the first...
 

Nasdaq Urges SEC Not to Move Ahead with Climate Disclosure Plan

Nasdaq Inc. is pushing back against the US Securities and Exchange Commission's plans to make publicly traded companies reveal detailed...
 

U.S., Partners Dismantle Russian Hacking 'Botnet,' Justice Dept Says

Law enforcement in the United States, Germany, the Netherlands and Britain dismantled a global network of internet-connected devices that...
 

Porsche to Pay $80 Million to Resolve Fuel Economy Claims on U.S. Vehicles

Volkswagen AG and its Porsche AG unit have agreed to a class-action settlement worth at least $80 million to resolve claims it skewed...
 

Elon Musk Sued for $258 Billion Over Alleged Dogecoin Pyramid Scheme

Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the...
 

FTC Fires Warning Shot at Drug Middlemen Over Rebates, Fees

The Federal Trade Commission (FTC) voted unanimously Thursday to increase scrutiny of pharmacy benefit managers that act as middlemen...
 

People Moves: Amica Names Shallcross as CEO to Succeed DiMuccio

Amica Mutual Insurance Co. announced that Edmund Shallcross III has been named the company's next chief executive officer and president,...
 

A Paradigm Shift, from ‘Buying Insurance’ to ‘Selling Risk’

Rising commercial property insurance costs have gotten the attention of executives across a broad cross-section of corporate America. Aon, a...
 

How Dysfunction Spreads Like Wildfire at Work

Dysfunction is highly contagious. Two Rutgers-led studies examine how counterproductive behaviors and bottom-line...
 
More National News »
 
 
 
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East

 

Breach Exclusions in E&O Policy Upheld in $1.3M Money Transfer Claim

A company that transferred $1.3 million from a client's payment fund in response to emailed requests from a hacker has lost its bid for...
 

Bus Driver Who Blacked Out Says He Didn't Know Gummy Candies Included THC

A commercial bus driver in Connecticut has been charged with 38 counts of reckless endangerment after blacking out behind the steering...
 

People Moves: Glass to Succeed Retiring Brashears as CEO at Brethren Mutual; MAPFRE's Whitely to Lead Business Development

Brethren Mutual President/CEO Brashears to Retire; Glass Named Successor Brethren Mutual Insurance Co. President ad Chief Executive...
 

Domestic Violence Charge Against New Hampshire Insurance Official Dropped

A domestic violence charge against New Hampshire's deputy insurance commissioner has been dropped. D.J. Bettencourt, who also was a...
 
More East News »
 
 
 
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Midwest

 

Acrisure Acquires Ohio's QuickInsured

Acrisure acquired Columbus, Ohio-based QuickInsured (QI), a best-in-class tech-enabled insurance agency. Through this acquisition,...
 

Intact Acquires Illinois-Based Tokio Marine Highlands US Construction Division

Tokio Marine Kiln reached an agreement with Intact Insurance Group USA LLC for the sale of Tokio Marine Highland's (TMH) US construction...
 

Wisconsin Storms, Tornadoes Cause Property Damage

Powerful storms that included at least one tornado took down power lines and trees, damaged structures, toppled semis on the interstate...
 
More Midwest News »
 
 

Insurance Jobs

 

Commercial Producer - Partner Insurance Advisors, Inc. - Fairfax, VA

 

Personal Lines Insurance Agent - San Diego, CA (Hybrid or in-office) - B.H. Gold Insurance Agency - San Diego, CA

 

Personal Lines Umbrella Underwriter - Carrier - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Surplus Lines Tax Filings / Compliance - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Business Development Manager - Intact Insurance Specialty Solutions - Atlanta, GA, Chicago, IL, or Remote

 
 
 

Southeast

 

North Carolina Governor Signs Law Waiving Premium Taxes for Relocating Captives

The battle for the captives continues. Not long after Tennessee regulators this year bragged about the number of captive insurers...
 

Alabama Insurance Commissioner Ridling to Retire; Fowler To Take Over

Alabama's longest-serving insurance commissioner, Jim Ridling, will retire at the end of the month, the state's governor announced. "Jim...
 

Rehab Plan Didn't Suffice. Southern Fidelity Sinks into Insolvency

Two weeks after it lost its financial stability rating, Southern Fidelity Insurance Co. has been ordered into receivership and is being...
 
More Southeast News »
 
 

South Central

 

Appeals Court First to Rule in Favor of Coverage for COVID Shutdown

The attorney who filed the first U.S. lawsuit seeking insurance coverage for a business shut down because of coronavirus won the first...
 

NFL QB Deshaun Watson Denies Texas Sexual Misconduct Claims

The new lawsuits _ and potential for more _ against Deshaun Watson may have further damaged his image and swayed opinion about him....
 

Louisiana's Native Americans Still Recovering From Hurricane Ida

Driving through her village along the southeastern Louisiana bayou, tribal official Cherie Matherne points out remnants of house after...
 
More South Central News »
 
 

West

 

California Court: Amazon Customers Can Sue Over Lack of Toxic Warnings

The California Supreme Court on Wednesday left intact a ruling that allows customers to sue Amazon.com for failing to warn buyers that...
 

Investigation Set After Six Hurt in Hawaii Helicopter Crash

A federal aviation accident investigator will be sent to Hawaii to investigate after a tour helicopter crashed on a remote Big Island...
 

People Moves: Liberty Company in California Names Honaker Senior Vice President; Fraser Made Vice President

The Liberty Company Insurance Brokers named Kevin Honaker a senior vice president, producer. The firm also named Gordon Fraser a vice...
 
More West News »
 
 

International & Reinsurance

 

China Signals Ant's Reemergence in Accepting Financial Holding Company Plan: Reuters

HONG KONG, June 17 (Reuters) - China's central bank has accepted Ant Group's application to set up a financial holding company, three...
 

Ukraine Grain Shippers Carve Out Alternative Export Routes via Baltic Sea

Ukrainian grain shippers have carved out a fresh export route -- via the Baltic Sea -- to send their crops abroad. The country has been...
 

People Moves: Postlewhite Departs QBE Re; Lloyd's Reappoints Chairman Carnegie-Brown; Liberty Specialty Appoints Pavie in France

QBE Re Reports Departure of Postlewhite QBE announced that Steve Postlewhite, managing director QBE Re, is leaving the company following...
 

Winners of Innovation in Insurance Awards Excel in Customer Focus, AI, Sustainability

The winners of the seventh annual Innovation in Insurance Awards excelled in customer focus, creative applications of artificial...
 

Efma Rebranded as 'Qorus'

Efma, the Paris-based financial services association, has unveiled a new name: "Qorus" Qorus said the name change moves the organization...
 
More International & Reinsurance News »
 
 

Insurance Journal Blogs and Columns

 

Organic vs. Inorganic Growth in Today's Market

This post is part of a series sponsored by InsurBanc. With interest rates on the rise, now is the time to reexamine your growth strategy...
 
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

Behind the Scenes of the Fastest Home & Auto Rollout in Modern Insurance History

Branch Insurance expanded into 14 states in just 1 year. Tune in live on June 22 at 10am Pacific for a behind-the-scenes look at...
 
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

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...
 
research

Third-party Risk Posture of the Top 99 US Insurance Companies

This report analyzes the top 99 insurance companies by net premiums written in order better understand their cyber posture and...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 50: Next Steps for Insuring Cannabis: More Capacity, Truly National Marketplace

Some more capacity has finally arrived with increasing interest in insuring cannabis, and...
 
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EP. 39: Crypto Renaissance? Experts Say Renewed Interest in Digital Tokens is Sparking Insurance Conversations

Experts say there's been a resurgence of interest in cryptocurrency during the pandemic, and...
 
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