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Today's Headlines

 
October 14, 2022
 
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National

 

Alcon, J&J Agree to Settle Contact Lens Price-Fixing Suit for $75M

Alcon Vision and Johnson & Johnson have agreed to pay a total of $75 million to settle a class-action lawsuit that accused the companies...
 

Andy Warhol, Prince at Center Stage in Supreme Court Case

Andy Warhol and Prince held center stage in a copyright case before the Supreme Court on Wednesday that veered from Cheerios and "Mona...
 

Snap Employee Data Exposed After Breach at Document Company Elevate

Ephemeral messaging app Snap had employee data exposed by a breach at a third-party document analysis firm, according to a document...
 

Plastic Pollution Could Trigger $20 Billion in Lawsuit Payouts

Litigation could cost the plastics industry and its insurers $20 billion in the US over the next eight years, according to a report...
 

Broker Marsh Says it Has Optimism for Continued Cyber Market Stabilization

In its latest update of the cyber market, broker Marsh said there are signs of improvement, with average rate increases continuing a...
 

EU, U.S. Eye Level Playing Field for EU Electric Cars in U.S. Market

European Union and U.S. officials expect to reach agreement that would grant EU companies, including electric car makers, the same status...
 

Viewpoint: Effective Risk Management and Insurance Procurement

More than ever, in the wake of the global disruption wrought by the COVID-19 pandemic, geopolitical upheaval, and supply chain...
 

MGAs: An All-Weather Distribution Channel for Soft and Hard Markets

Many reinsurers across the globe increasingly have been doing business with certain select managing general agents (MGAs), seen as market...
 

Progressive Loses a Bundle: Nearly $2.0B Gross Ian Losses; $760M Net

Insurer Progressive incurred nearly $2.0 billion in gross loss and loss adjustment expenses for vehicle and property...
 
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East

 

New Jersey Eyes Gun Carry Legislation Including Insurance Requirement

New Jersey Democrats say they are going to take a shot at passing new gun legislation similar to New York's even thought that state's law...
 

Federal Court Saves New York's Gun Law Pending Review of Lower Court Order

A federal appeals court on Wednesday allowed New York to continue enforcing its new gun law as it considers a lower court ruling that...
 

New York AG Seeks to Block Trump From Moving Assets, Using Financial Documents

New York Attorney General Letitia James has returned to court to stop Donald Trump and the Trump Organization from potentially evading...
 
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Midwest

 

Indiana Mayor's Blood Alcohol was Twice State Limit When He Struck Car

The mayor of Indiana's second-largest city had a blood alcohol reading nearly twice the state's limit for driving when he was arrested...
 

Illinois Home Warranty Company to Pay $175K in Disability Discrimination Settlement

Pivotal Home Solutions, a home warranty company headquartered in Naperville, Illinois, will pay $175,000 and furnish other relief to...
 

Michigan Man Arrested for Setting 25 Trucks on Fire in 8 States

A Michigan man has been arrested on a federal criminal complaint alleging he set 25 fires on semitrailers in eight states over more than...
 
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Southeast

 

Judge Dismisses Florida Racketeering Lawsuit Against United P&C

A federal judge has dismissed a lawsuit against United Property & Casualty Insurance Co. and its adjusters, a closely watched legal...
 

Alcon, J&J Agree to Settle Contact Lens Price-Fixing Suit for $75M

Alcon Vision and Johnson & Johnson have agreed to pay a total of $75 million to settle a class-action lawsuit that accused the companies...
 

Oldest Black-Owned Insurance Company Goes Quietly into Liquidation

After more than 120 years, the oldest black-owned insurance company in the United States has all but come to an end, and will soon be...
 
More Southeast News »
 
 

Insurance Jobs

 

Sr. Underwriter-Middle Market P&C - N2G Worldwide Insurance Services - Remote

 

AVP Underwriter- Property - N2G Worldwide Insurance Services - New Jersey or New York

 

Controller - New Jersey Insurance Underwriting Association - Newark, New Jersey

 

Insurance Analyst (Multifamily) - Merchants Capital Corporation - Saint Paul, Minnesota

 

Personal & Commercial Lines Producer - 413 Insurance Services, LLC - Georgia (GA)

 
 
 

South Central

 

2 More Defendants Plead Guilty in New Orleans Staged Auto Collision Scheme

United States Attorney Duane A. Evans announced that Herbert Allen, age 37, and Dion Ridley, age 23, agreed to plead guilty to count one...
 

Louisiana Advances Toward Large Carbon-Capture Project

Three energy corporations are partnering on a carbon- capture project with the hopes of dramatically reducing industrial carbon dioxide...
 
More South Central News »
 
 
 
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West

 

Bayer to Challenge $275M Washington Jury Verdict Over PCB Injury Claims

Germany's Bayer BAYGn.DE said on Friday it plans to legally challenge a jury verdict awarding $275 million to a group of people claiming...
 

California Schools Paying $52M in Suit Over Coach Sex Assaults

Lawyers for children who were sexually assaulted by a high school wrestling coach have settled a lawsuit with the Los Angeles Unified...
 

Oregon Retirement Home Fire That Killed One Was Human Caused

An explosion and fire last week at the Columbia Hills Retirement Center in St. Helens, Oregon, that killed one person was a human-caused...
 
More West News »
 
 

International & Reinsurance

 

Four in Five of World's Cities at Risk From Heat Waves, Floods, Droughts: Study

Four in five cities across the world are facing significant climate hazards such as heat waves, floods and droughts, data from...
 

World's Big Polluters Promise Net-Zero but Most Have Little to Show: Report

When it comes to net-zero, a lot of companies are more talk than action. That's the conclusion of a new report from Climate Action 100+,...
 

Europe, U.S. East Coast Likely to Avoid Unusually Cold Winter: Climate Model

Europeans and people living on the US East Coast are more likely to experience mild temperatures than a deep freeze this winter, easing...
 

Airbus and Qatar Airways Return to Court Over Ongoing Contractual, Safety Dispute

Airbus and Qatar Airways return to court on Friday as a contractual and safety dispute over A350 passenger jets descends into a...
 

Flash Floods Again Lash Southeast Australia, Forcing Evacuations

Thousands of people across Australia's southeast were asked to evacuate their homes on Friday, including some in a western suburb of...
 

People Moves: NFP Hires Pelaez for Mgmt and Professional Liability in Canada; Miller Names AGCS' Hooker as APAC Head of Energy; Liberty GTS Hires 3 for APAC Team

This edition of International People Moves details appointments at NFP, Miller and Liberty Global Transaction Solutions A summary of...
 
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Insurance Journal Blogs and Columns

 

Illinois Home Warranty Company to Pay $175K in Disability Discrimination Settlement

Pivotal Home Solutions, a home warranty company headquartered in Naperville, Illinois, will pay $175,000 and furnish other relief to...
 

California Emissions Mandate Impacts Transportation

This post is part of a series sponsored by IAT Insurance Group. The California Air Resources Board (CARB) is doing all they can to reduce...
 
More Blogs »
 
 

Research and Webinars

 
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How to Design Products that Meet the New and Emerging Risks of Gig Workers

Since the onset of the pandemic, work has undergone an unprecedented transformation, with new norms, attitudes, and expectations...
 
research

Are You Losing Revenue While Waiting for Insurance Onboarding, Licensing, and Compliance?

Are you losing revenue while waiting for onboarding, licensing, and compliance? Your distribution workforce is the front line of...
 
research

How Underwriters Analyze the Risks Associated with Pull Cords at Senior Living Facilities

One of the selling points for senior living facilities is the promise of easy access to assistance in an emergency. To that end,...
 
research

How to Get Your Clients the Most Favorable Prices and Terms Available in the D&O Market Today

While general economic factors are always relevant to insurance pricing, in the current market, underwriters of D&O policies...
 
research

AmTrust Safety Series: Restaurants

Restaurant owners face a lot of challenges running their businesses. Knowing the most common and most dangerous injuries is the...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 47: How to Avoid Being a 'Sitting Duck' During a Disaster-Related Ransomware Attack

Atlantic Hurricane Season, which runs from June 1 through November 30, had a slow start this...
 
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EP. 57: Culture and Discipline Are Cannabis' Next Steps to Profit Through Risk Management

"Cannabis needs one thing right now, and that's profitability." That may sound like a strange...
 
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