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Today's Headlines

 
September 9, 2022
 
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National

 

Judge Approves Boy Scouts Reorg Plan to Settle Sex Abuse Claims

A bankruptcy judge on Sept. 8 granted the Boy Scouts of America (BSA) approval of its $2.5 billion reorganization plan, which will allow...
 

Outlook Negative: AM Best Revises U.S. Personal Lines as Auto Results Weaken

AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance in 2021, but...
 

Underwriting No Longer Sole Path to Profit, Say Berkley Execs

While the days of cash flow underwriting are a distant memory for veteran insurance executives, the need for industry's more recent...
 

Toyota Reaches Potential $150M Settlement Over Fuel Pump Recalls

Toyota Motor Corp. reached a settlement potentially worth $150 million to resolve U.S. class-action litigation tied to recalls of about...
 

Risk Placement Services President Cavaness Receives City of Hope's Spirit of Life Award

Risk Placement Services, the E&S wholesale broker and managing general agency, is pleased to announce its President Joel Cavaness has...
 

Workers' Comp Insurance Industry Backs CompScience Technology in $6M Seed Round

CompScience has found a way to reduce workers compensation risk and cost using artificial intelligence. Not just by the numbers, but by...
 

NYT Piece Calls out 'Summer of Climate Disasters'

Insurance professionals in the alternative energies sector may want to take note of a recent Bloomberg opinion piece that focuses on...
 

Sponsored: Unified XPT Examines Current Market Conditions

September 9, 2022 – XPT recently announced the unification of binding and brokerage businesses including Western Security Surplus, Sierra Specialty ...
 

Beyond the Desktop: 3D Printing with Concrete

Much has been written about concerns related to use of 3D printing in the office or home, including potential risks associated with health,...
 

The Secret Life of a CEO Leading a $5B MGA

In the early aughts, when Shardul Shah first met technology entrepreneur Joshua Motta as undergraduates at the...
 
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East

 

Adoption Agency Can Deny Services to Unmarried, Gay Couples, Judge Rules

A federal judge ruled that New York state could not require a Christian family services agency to provide adoption services to unmarried...
 

Amica Wins Providence Civic Center Naming Rights Formerly Held by Dunkin' Donuts

Insurance company Amica has reached a 10-year deal for the naming rights to the downtown Providence arena that for two decades has been...
 

Virginia Lawmakers Again Fail to Fill Vacancy on Key Regulatory Agency

Virginia lawmakers elected a handful of local judges Wednesday but failed yet again to fill a vacancy on the powerful State Corporation...
 

Vermont Nursing Home Sued Over Racial Abuse Claims

The U.S. Equal Employment Opportunity Commission has sued a Vermont nursing home over allegations that it allowed patients to racially...
 
More East News »
 
 
 
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Midwest

 

Ohio Court: Insurer Has No Duty to Defend Drug Distributor Against Opioid Lawsuit

An insurer has no duty to defend a drug distributor against lawsuits filed by cities and counties that allege it failed to take proper...
 

Judge Approves $9.2 Million Settlement Between Chicago schools, Union

A federal judge has approved a $9.25 million settlement by the Chicago Public Schools and the Chicago Teachers Union in two long-running...
 
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Southeast

 

Former Florida Commissioner Warns Officials not to Shoot the Demotech Messenger

Former Florida Insurance Commissioner Kevin McCarty is criticizing current state regulators over their recent digs at the Demotech...
 

Mom Hopes Insurers Take Note of $77M Verdict Against Georgia Addiction Center

Nick Carusillo died when he was hit by multiple vehicles on a Georgia interstate, just days after he was abruptly discharged from an...
 

Northwest Georgia Loses Water Service After Flooding

Officials continued to scramble this week to restore water service in parts of a northwest Georgia county after flash flooding submerged...
 

Hub Grows Again with Acquisition of South Carolina Agency

Hub International Ltd., a global insurance brokerage, has continued its steady expansion with the recent acquisition of Tilghman...
 
More Southeast News »
 
 

Insurance Jobs

 

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

 

Marketing Sales Representative - V3 - Remote

 

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

 
 
 

South Central

 

Federal Lawsuit Challenges Oklahoma Anti-Trans Bathroom Law

Civil rights groups filed a federal lawsuit on behalf of three transgender Oklahoma schoolchildren, arguing the state's new law requiring...
 

TWIA Committee to Consider General Manager Candidates at Upcoming Meeting

The Texas Windstorm Insurance Association announced that its Board of Directors will meet on Wednesday, September 14 at 10:00 a.m. CT to...
 
More South Central News »
 
 

West

 

California Company Says Machine Failure May Have Caused Wildfire

A wood products company said that it is investigating whether a fire that killed two people as it swept through a Northern California...
 

Water Use Drops in July as California Deals With Drought

Californians stepped up their water conservation in July, using 10.4% less than two years ago as the state struggles with a years-long...
 

People With Disabilities Sue Over Blocked Sidewalks in Oregon

A group of Portland, Oregon, residents with disabilities has filed a lawsuit against the city, accusing it of failing to keep public...
 
More West News »
 
 

International & Reinsurance

 

Lloyd's Has Strong H1 Underwriting Profit, but Reports Overall Loss on Investment Hit

While Lloyd's reported a strong underwriting profit during the first half and its best combined ratio in five years, similar to many...
 

UK Says Energy Aid Will Cost Treasury Billions and Cut Inflation

Liz Truss's UK government announced a sweeping package of measures to contain spiraling energy bills, seeking to ease a historic squeeze...
 

Underwriting No Longer Sole Path to Profit, Say Berkley Execs

While the days of cash flow underwriting are a distant memory for veteran insurance executives, the need for industry's more recent...
 
More International & Reinsurance News »
 
 

Research and Webinars

 
research

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

The Agents and Brokers Guide to D&O Policy Pricing

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

Ways to Build a Strong Online Reputation

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. 56: Growing Cannatourism Brings Extravagance, Novelty and New Risks

Cannabis tourism, or more colloquially, "cannatourism," is a billion-dollar and counting...
 
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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...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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