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Today's Headlines

 
June 24, 2022
 
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National

 

Cyber Insurtechs and Insurers 'In This Together,' Not in Competition

Insurtechs and insurance companies are "breaking down the wall" that stood between them as competitors in favor of working together to...
 

Marijuana Banking Overhaul Removed from China Competition Bill

Lawmakers have dropped language aimed at making banking services easier for state-authorized marijuana businesses from a bill on US...
 

How a Bankruptcy 'Innovation' Halted Thousands of Lawsuits from Sick Plaintiffs

Attorney Greg Gordon sat before a packed hotel ballroom of bankruptcy lawyers who had come to hear him hold court on his pioneering...
 

Walgreens Reaches $105 Million Settlement With Shareholders

Walgreens Boots Alliance Inc. agreed to pay $105 million to settle a long-running class-action lawsuit accusing it of misleading...
 

People Moves: MMC Names Jones, Hageman to Senior Posts; Lockton Welcomes Marsh's Millett for Innovation; Applied Financial Builds Cyber Risk Team

Marsh McLennan Creates New Senior Leadership Positions Marsh McLennan announced the appointment of John Jones as chief marketing and...
 

Hackers Steal $100 Million by Exploiting Crypto's Weak Link

Hackers looted about $100 million from a so-called cryptocurrency bridge, again exposing a key vulnerability in the digital-asset...
 

How to Lower Home Insurance Premiums and Wildfire Risks

Homeowners in the US got new guidance to help them defend against increasingly frequent wildfires and associated rising insurance...
 

Workers’ Comp: A Shining Star in the P/C Sky, But the Future Is Less Bright as Workforce Changes

Workers’ compensation continues to be the shining star in the property/casualty insurance market. Despite a 9% decline in direct premiums...
 

How Narcissistic Bosses Stymie Knowledge Flow Across Business Units Inside Organizations

Narcissism is a prominent trait among top executives, and most people have seen the evidence in their workplaces. These...
 
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East

 

Carnival Cruise Pays $5M, Gives Up Insurance Licenses in New York Over Data Breach

New York's financial services regulator has fined Carnival Corp. $5 million for violations of the state's cybersecurity regulations that...
 

Maine Agency Faces Backlash, Loses Carriers After Juneteenth Posting

An independent insurance agency in Millinocket, Maine appears to have lost three of its carrier partners and continues to face backlash...
 

Jury Finds Construction Firm Retaliated Against Immigrant Worker, Awards $650K

A federal jury has awarded $650,000 in damages to a Massachusetts construction worker who said his employer retaliated against him after...
 
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Midwest

 

Acrisure Acquires Ohio's QuickInsured Agency

Acrisure, a fintech company that runs a global insurance broker, announced that it has acquired Columbus, Ohio-based QuickInsured, a...
 

Crews Find Body of Worker Under Collapsed Iowa Grain Silo

Crews recovered the body of a man who was buried under piles of grain and debris from a collapsed grain silo in southeastern Iowa on...
 

Michigan Fire Damaged Hotel, Other Buildings

A hotel was among several businesses damaged as a fire swept through part of the downtown of a northern Oakland County, Michigan,...
 

Volunteer Firefighter Dies from Injuries Suffered in Kansas Fire

A volunteer firefighter who was injured while fighting a blaze in Pleasanton, Kansas, earlier this week has died, officials said. Joshua...
 
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Worker Safety Tips
 
AmTrust's Loss Control department offers 22 helpful tips to keep safety top of mind through the seasons in 2022 - and beyond.
 
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Southeast

 

Florida HO Premiums Highest in Nation at $4,200 Average, Triple I Report Shows

A report from the Insurance Information Institute confirms what many Florida homeowners have suspected: Their insurance premiums are some...
 

Florida's Citizens Insurance Could Spend $100M on Defense Legal Fees This Year

Citizens Property Insurance Corp. could spend $100 million this year on attorneys who defend claims litigation against the insurer, a...
 

'Weston's Law' Elevator Upgrade to NC Cottages Close to Approval

A safety mandate to reduce or eliminate space between elevator doors and landing doors inside North Carolina vacation cottages and other...
 

People Moves: McGriff Names Curtis VP for Captives, Alternative Risks

McGriff Insurance Services, a retail insurance broker based in Huntsville, Alabama, has named Bud Curtis vice president and alternative...
 
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Insurance Jobs

 

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

 
 
 

South Central

 

TWIA Shares Timeline For Annual Rate Filing Consideration

The Texas Windstorm Insurance Association announced this week the timeline for its annual rate filing consideration. By law, TWIA must...
 

Nursing Home Owner Whose Residents Suffered in Ida in Trouble

The owner of seven Louisiana nursing homes who sent more than 800 of his elderly residents to a crowded, ill-equipped warehouse to ride...
 

Dredging Company Paying $1M for Restoration in Louisiana Oil Spill

A Houston dredging company has been ordered to pay a $1 million fine for an oil spill that occurred when a subcontractor cut through an...
 
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West

 

Noguchi & Associates, ori-gen to Establish Hawaii Division

Noguchi & Associates is partnering with ori-gen Agency Insurance Services to launch a Hawaii-based division. The new ori-gen Hawaii...
 

Jury Awards $595K in Washington Salmon Pen Collapse

A Washington state jury on awarded the Lummi Indian tribe $595,000 over the 2017 collapse of a net pen where Atlantic salmon were being...
 

Colorado Lawsuit: Hero Who Stopped Gunman Shot Without Warning

The mother of a man hailed as a hero for killing a gunman who ambushed and fatally shot a police officer only to be killed himself by...
 

Yellowstone Reopens After Changes Wrought by Flood

Hundreds of cars, trucks and recreational vehicles were backed up in long lines at entrances to Yellowstone National Park as it partially...
 
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International & Reinsurance

 

Flood Alert in China's Manufacturing Hub at Highest Level

China's manufacturing hub of Guangdong raised its flood warning to the highest level due to the worst rains in decades, spurring more...
 

Emerging Risks: Quantum Computing, Lower Construction Quality, Legal Tech etc.

The global community continues to deal with known challenges such as the pandemic, the war in Ukraine, economic turmoil and failing trust...
 

Insurers Among Investors as Canada's Brookfield Raises $15B for Climate Fund

Canada's Brookfield Asset Management said on Wednesday it had raised $15 billion for its first impact fund focused on the global...
 

Gallagher Acquires Ireland's INNOVU Group

U.S. based global insurance broker Arthur J. Gallagher & Co. reports it has purchased Wexford, Ireland-based INNOVU Group Holding Co....
 

Ukraine Crop-Handling Port Damaged in Russian Attacks, Adding to Farm Sector Losses

Infrastructure owned by two major agriculture traders was damaged in Russian attacks at one of the biggest crop-handling ports in...
 

Argo Group Names Bradley CEO as Rehnberg Departs

Thomas A. Bradley has stepped into the role of chief executive officer of Argo Group International Holdings Ltd., the Bermuda-based...
 
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Insurance Journal Blogs and Columns

 

Parliament Cautions Regulators: UK Finance, Insurance Yet to Feel Full Brexit Impact

Britain should avoid hasty reforms to make its financial sector more globally competitive after the industry's separation from the...
 
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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

The High Price of "Business As Usual" in the Insurance Industry

AgentSync's Guide to the Price of "Business as Usual" in the Insurance Industry When an insurance organization considers adding...
 
research

How Markel Insurance Uses Black Kite in Their Daily Underwriting Process

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

A Data-Driven Guide to Improving Workplace Safety

Data and analytics not only help develop preventative safety measures, but predictive safety measures as well. See how leading...
 
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...
 
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Insurance Journal TV

 
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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,...
 
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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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