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September 2, 2022
 
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National

 

It's Over: Lasting Underwriting Profits in U.S. D&O Market Unlikely, Fitch Says

Three years of soaring directors and officers liability insurance prices pushed combined ratios down to the mid-to-high 90s, but new...
 

US Asks Farmers: Can You Plant 2 Crops Instead of 1?

There is only so much farmland in the United States, so when Russia's invasion of Ukraine last spring prompted worries that people would...
 

Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens

Insured losses from floods doubled to $80 billion globally during 2011-2020 compared to the previous decade, while insurance penetration...
 

Veterans Seeking Earplug Damages Sue to Block 3M Healthcare Spinoff

Two U.S. military veterans on Thursday sued 3M Co. to block its planned spinoff of its healthcare business, which they called an illegal...
 

OSHA Says Wells Fargo Owes Former Exec $22M for Improper Firing

A former Wells Fargo executive is due $22 million after an investigation by the Occupational Safety and Health Administration (OSHA)...
 

Paper Finds Employers Increasingly Willing to Hire Workers With Criminal Records

Newswise -- A new paper in The Quarterly Journal of Economics, published by Oxford University Press, indicates that many American...
 

Over 20 New E&S Entrants Reshaping Marketplace: RPS

Wholesale broker Risk Placement Services (RPS) said more than 20 new insurance companies and managing general agents have entered the excess...
 
More National News »
 
 
 
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East

 

New York Launches $6.5M Fund for 'Clean Tech' Insurance Products; Seeks Program Manager

New York Governor Kathy Hochul announced a $6.5 million program to support Insurance Innovation for climate-technologies, a new program...
 

New York Sets 'Gun Free Zones' to Restrict Guns; Regulates Concealed Carry Permits

Amid the bright lights and electronic billboards across New York's Times Square, city authorities are posting new signs proclaiming the...
 

Nurse Practitioner Claims CVS Fired Her Over Her Abortion Stance

A nurse practitioner from northern Virginia sued CVS Health on Wednesday, saying she was fired for refusing to provide abortion-inducing...
 

Slain Marine's Family Refiles $25M Defamation Suit Against Alec Baldwin

The family of a Marine killed in Afghanistan has revived a defamation lawsuit against Alec Baldwin over comments the actor made online....
 

Body of Construction Worker Found After Pennsylvania Construction Site Collapse

State police say the body of a worker was found in the rubble of a collapse at a construction site in Pennsylvania. Trooper Megan Frazer...
 
More East News »
 
 
 
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Midwest

 

RT Specialty to Open New Excess Cyber Facility

RT Specialty, the wholesale insurance distributor of Ryan Specialty, has announced a new and exclusive excess cyber facility. This new...
 

Michigan Diesel Company Fined $10 Million Over Clean Air Act Violations

On Aug. 29, the U.S. District Court in the Eastern District of Michigan awarded a default judgment, granting the proposed $10 million...
 
More Midwest News »
 
 
 
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Southeast

 

South Carolina State Workers Will Soon Get Six Weeks Paid Parental Leave

Starting in October, state employees in South Carolina are entitled to six weeks of parental leave after giving birth or adopting...
 

Marsh McLennan Acquires South Carolina Agency

Marsh McLennan Agency, a subsidiary of Marsh, has acquired Steinberg & Associates, an independent agency based in Spartanburg, South...
 

South Carolina Burger Kings Fined, Agree to Changes Over Child Labor Violations

The owner of nine Burger King franchises in South Carolina has agreed to improve working conditions for minors employed at the...
 
More Southeast News »
 
 

Insurance Jobs

 

Commercial Lines Customer Service Representative - Bones and Bailey - Midland, MI

 

Agency Manager Producer Owner - Arnold and Barton Insurance - Naples, Fl.

 

Commercial and Personal Lines Underwriter - MGA - Work At Home Vintage Experts - Remote

 

Commercial Lines Carrier Underwriter - Work At Home Vintage Experts - Remote

 

Property Subrogation Specialist - Latitude Subrogation Services - Remote

 
 
 

South Central

 

Baggage Handler at New Orleans' Airport Killed in Accident

A 26-year-old worker at Louis Armstrong New Orleans International Airport was killed after an accident while unloading baggage from a...
 

Wrongful Death Suit Filed in Fatal Crash of Oklahoma Officer

The family of an Oklahoma police officer killed when a truck struck the motorcycle he was riding while on duty is suing the driver and...
 

Texas Drought Decimates Cotton Production

Cotton production has been decimated by drought and extreme heat this year, costing Texas High Plains farmers and other agricultural...
 
More South Central News »
 
 

West

 

1 Dead After Seniors in California Served Dishwashing Liquid At Home

A resident of a San Francisco Bay Area senior citizens home died after being mistakenly served dishwashing liquid as drinking juice, the...
 

Column Collapses at Oregon College, Killing Student In Hammock

Authorities say a brick column collapsed at Lewis & Clark College in Portland, Oregon, killing one student who was in a hammock hanging...
 

California Power Grid Operator Braces for Long Heat Wave

Operators of California's power grid expect to issue calls for voluntary conservation of electricity during a prolonged heat wave...
 
More West News »
 
 

International & Reinsurance

 

Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens

Insured losses from floods doubled to $80 billion globally during 2011-2020 compared to the previous decade, while insurance penetration...
 

G7 Expected to Advance Russia Oil Price Cap Plans With Insurance Playing Key Role

Group of Seven finance ministers are expected to firm up plans on Friday to impose a price cap on Russian oil aimed at slashing revenues...
 

Cyber Attacks on Western European Firms on the Rise Since Ukraine War: Italy Minister

Italy's foreign minister said cyber attacks on western European companies have risen following the Russian invasion of Ukraine, as Rome...
 

S. Korea Braces for Strongest Typhoon in Nation's History With Major Damage Expected

South Korea is bracing for the strongest storm in the nation's history with Super Typhoon Hinnamnor forecast to hammer its southern...
 

Sompo International Sells Run-off Business at Lloyd's to Legacy Specialst RiverStone

Sompo International, the Bermuda-based provider of commercial and consumer property and casualty re/insurance, announced the sale of its...
 

Brazilian Reinsurer IRB Raises $228.9M in Share Offering

Brazilian reinsurer IRB Brasil Resseguros SA confirmed late on Thursday it had raised 1.2 billion reais ($228.9 million) in a share...
 

People Moves: Sompo Int'l Taps Zurich's Brand as President, Continental Europe; HDI Global Specialty Promotes Candi in Italy Branch; DUAL APAC Promotes 2 Execs

This edition of International People Moves details appointments at Sompo International, HDI Global Specialty, and DUAL Asia Pacific. A...
 
More International & Reinsurance News »
 
 
 
 
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Research and Webinars

 
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Some Carriers Are Denying Coverage for Senior Living Facilities with Pull Cords. Now What?

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

Learn What’s Driving Underwriting Decisions on D&O Policy Renewals

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

Key Trends in Small Commercial Insurance Distribution

The State of the Market, Innovation and Where Everyone's Headed Next The small commercial insurance market went through a...
 
research

How to Leverage Reviews to Get More Quotes

In today's insurance landscape, your online reputation is critical. This guide has everything you need to grow your online...
 
research

Top Independents and Dedicated Agents Use This to Secure Coverage in Hard Markets – You Should Too

Are you an independent agent or a dedicated agent who is struggling to find carriers and coverage for your clients? This webinar...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 45: Beyond Zeros and Ones: When Cyber Attacks Become Physical

When people think of cyber attacks, they might think of things like phishing, ransomware or...
 
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EP. 55: Cannabis Investing Pro Explains Confusing Market, Offers Tips

Many of our listeners may be insurance brokers, carrier executives, claims managers, lawyers,...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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