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Today's Headlines

 
September 30, 2022
 
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National

 

Hurricane Ian Losses Up to $47B in Florida, Sinking More Insurers, CoreLogic Calculates

Wind and storm-surge losses from Hurricane Ian could reach as $47 billion in Florida alone, a figure made larger by inflation and rising...
 

Hurricane Ian Threatens Heavy Losses for Catastrophe Bond Holders

Investors who backstop Florida's insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian,...
 

Insurer Off the Hook in Defending Western Union Against Terrorist Financing Suit

An insurer's war and financial services exclusions relieve it of having to provide coverage for an insured being sued for allegedly...
 

Sex Abuse Allegations Spread Against Cheerleading Industry

Sprawling allegations of abuse against cheerleaders reached Tennessee on Monday in a case that escalates the accusations facing some of...
 

Ian Aftermath Even Harder to Fix With Supply Chain Tattered

The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem that's lingered...
 

Industry Experts Talk Future of Insurance at 2022 ITC Conference

Our editorial team caught up with attendees at the 2022 InsurTech Connect conference in Las Vegas. Industry experts took the time to...
 

Taming Global Supply Chain Risks, Holistically

While supply chain risks are insurable, many products do not cover non-damage business interruption, and companies could find they aren't...
 

An Aerial View Into Reducing Claims Leakage

Claims can be a high-stress and high-stakes process for carriers and policyholders. Often called the "moment of truth,"...
 
More National News »
 
 
 
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East

 

Connecticut Workers' Compensation Costs to Fall in 2023

Connecticut workers' compensation costs to employers are on their way down, again. The industry's National Council on Compensation...
 

Arthur J. Gallagher to Acquire M&T Bank's Insurance Agency of Buffalo

Global insurance broker Arthur J. Gallagher & Co. has agreed to acquire Buffalo, New York-based M&T Insurance Agency, Inc. (MTIA), an...
 

Transgender Teacher, Maryland School District Settle Lawsuit

UPPER MARLBORO, Md. (AP) -- A transgender teacher who said she was harassed by students, parents and colleagues has settled a lawsuit...
 

People Moves: Postulka Returns to Arbella; Graham Joins Risk Strategies

Postulka Returns to Arbella as Vice President and Chief Information Officer Arbella Insurance Group, in Quincy, Massachusetts, has...
 
More East News »
 
 
 
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Midwest

 

People Moves: WTW Appoints Cui; Powers Promotes Sullivan

WTW appoints Cui to its Insurance Consulting and Technology business WTW has appointed Michelle Cui as director, actuarial property and...
 

Chinese Billionaire Faces Civil Trial in Minnesota Over Alleged Rape

A Chinese billionaire, one of the richest people in the world, is heading to trial in Minneapolis to defend himself against allegations...
 

Michigan Train Derailment Sends Several Rail Cars Off Tracks

A train derailment sent a dozen rail cars off the tracks Thursday morning near Detroit, snarling traffic while emergency responders...
 

Gun Manufacturer Sued Over Link to July 4 Illinois Parade Shooting

Survivors of the mass shooting at a suburban Chicago Independence Day parade and family members of those killed filed 11 lawsuits...
 
More Midwest News »
 
 
 
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Southeast

 

Hurricane Ian Losses Up to $47B in Florida, Sinking More Insurers, CoreLogic Calculates

Wind and storm-surge losses from Hurricane Ian could reach as $47 billion in Florida alone, a figure made larger by inflation and rising...
 

Hurricane Ian Threatens Heavy Losses for Catastrophe Bond Holders

Investors who backstop Florida's insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian,...
 

Florida Hospital Gets Hit from Above and Below in Hurricane

Hurricane Ian swamped a Florida hospital from both above and below, the storm surge flooding its lower level emergency room while fierce...
 
More Southeast News »
 
 
 

South Central

 

Crash Involving Speeding Truck in Texas Kills 2, Injures 10

Two people were killed and 10 others injured when a pickup truck crashed into two other vehicles in the Texas city of Uvalde, authorities...
 

Families of 3 Survivors File First Uvalde School Shooting Lawsuit

The families of three children who survived the Uvalde mass shooting in May have filed the first lawsuit in a federal court against the...
 
More South Central News »
 
 

Insurance Jobs

 

Account Manager - First Baldwin Insurance - Foley, Alabama

 

Commercial Lines Underwriter - American Property Insurance Company - Eatontown, New Jersey

 

Property Claims Adjuster (Property & Casualty) - Electric Insurance - Remote

 

Excess Lines Underwriter - WH Greene & Associates - East Aurora, NY

 

Marketing Sales Representative - V3 - Remote

 
 
 

West

 

CF Acquires 1 Source Business Solutions in Utah

PCF Insurance Services acquired 1 Source Business Solutions in Salt Lake City, Utah. 1 Source Business Solutions is a professional...
 

178 Medical Providers from California's Workers' Comp System

The California Department of Industrial Relations' Division of Workers' Compensation and DIR's Anti-Fraud Unit suspended 178 medical...
 

California Governor Approves Farmworker Unionization Law

A broadly smiling California Gov. Gavin Newsom joined about two dozen jubilant, cheering farmworkers camped outside the state Capitol...
 

California Doctor Prescribing Unneeded Drugs Guilty of Insurance Fraud

A physician pleaded guilty to defrauding California's Medi-Cal system by prescribing unnecessary drugs to more than 1,000 patients,...
 
More West News »
 
 

International & Reinsurance

 

Hospitals, Utilities Face Highest Exposure to Risk of Cyber Attacks: Moody's

Around $22 trillion of global debt rated by Moody's has a "high" or "very high" exposure to the risk of cyber attack, the ratings agency...
 

TotalEnergies Reports Unusual Drone Activity Near North Sea Oil & Gas Field

TotalEnergies SE said it spotted an aerial drone close to an oil field in the Danish North Sea, intensifying concerns of an energy...
 

Australia's AUB Completes Acquisition of Lloyd's Broker Tysers from PE Firm Odyssey

Australia's AUB Group Ltd. (AUB) announced it has completed its acquisition of leading Lloyd's wholesale broker Tysers from Odyssey...
 

Allianz's Digital Investments Arm Acquires German Insurtech simplesurance

Allianz X, the digital investments arm of Allianz Group, will acquire 100% of the shares in Berlin-based simplesurance. Allianz X has...
 

Australian Police Aim to Protect 10,000 Optus Customers After Cyber Attack

Australian authorities said on Friday they have commenced an operation to protect the personal information of 10,000 people whose data...
 

India Regulator to Restart Review Process for IPO of Fairfax's Digit Insurance: Sources

India's markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company resolved...
 

Storm Noru Brings Floods to Thailand, Forcing 5,000 People to Seek Shelter

Water up to waist-high flooded some riverfront neighborhoods and other areas of Thailand on Thursday after a tropical depression dumped...
 

People Moves: AXA XL Reinsurance Promotes Twite to CEO, Bermuda; MGA Rokstone Hires 3 Engineering Underwriters From Globe

This edition of International People Moves details appointments at AXA XL Reinsurance and the MGA Rokstone. A summary of these new hires...
 
More International & Reinsurance News »
 
 
 
 
 
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Research and Webinars

 
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Sole Proprietor Insurance: Thoughts on Blending Personal and Professional Insurance Products

Since the onset of the pandemic, work has undergone an unprecedented transformation, with new norms, attitudes, and expectations...
 
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Insurance Solutions to Get Your Team to Sell Faster

Are you losing revenue while waiting for onboarding, licensing, and compliance? Your distribution workforce is the front line of...
 
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Digital Technologies Impacting the Small Commercial Insurance Ecosystem

The State of the Market, Innovation and Where Everyone's Headed Next The small commercial insurance market went through a...
 
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Your Online Reputation is Critical in Today’s Insurance Landscape

In today's insurance landscape, your online reputation is critical. This guide has everything you need to grow your online...
 
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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,...
 
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...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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