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Today's Headlines

 
April 4, 2022
 
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National

 

Climate Change Could Cost U.S. Budget $2 Trillion a Year by End Century

Flood, fire, and drought fueled by climate change could take a massive bite out of the U.S. federal budget per year by the end of the...
 

Goldman Poll Finds Insurers Expect a U.S. Recession

Insurance executives who oversee more than $13 trillion in assets expect the U.S. to enter a recession in the near future, according to...
 

Logistics Giants Hedge Their Bets in Uncertain U.S. Self-Driving Truck Race

U.S. self-driving truck companies have a golden opportunity in the form of a nationwide driver shortage, but their robot drivers still...
 

U.S. Considers Vaccines to Protect Poultry From Deadly Bird Flu

The U.S. Department of Agriculture is looking into vaccines as an option to protect poultry against deadly bird flu, the agency's chief...
 

Markets/Coverages: Bundler Branch Adds 6 States; Pathpoint, Bold Penguin E&S Partnership; Rokstone Owners' Interest Policy

Auto, Home Insurance Bundler Branch Now Available in 25 States Branch, an insurance company that touts "instantly-bundled" home and auto...
 

Illusory Coverage: A Legal or an Ethical Issue?

Recently I was reading an article from the University of Pennsylvania Law Review entitled, "The Illusory Coverage Doctrine: A Critical...
 

Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re

Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property...
 

The Value of Cybersecurity Frameworks in Insurance

The insurance industry is built on data--sensitive financial, health, and personal data--and must do everything in its...
 
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Featured Events

 
IASA OnPOINT

IASA OnPOINT

June 5 / Baltimore, MD
 
 
 

East

 

New Hampshire High Court Limits Landowners' Recreational Use Immunity

New Hampshire landowners who make their properties available to the public for recreation at no charge do not enjoy complete immunity...
 

Maryland Will Vote on Legalizing Cannabis in November

Maryland lawmakers voted Friday to let voters decide whether to legalize recreational marijuana in November. The Maryland House voted...
 

Virginia School Allowed to Use Disputed Admissions Policy During Appeal

A federal appeals court has granted a request from a northern Virginia school system to continue using a challenged admissions policy at...
 

People Moves: MacKinnon Joins Union Mutual; Gilbert Agency in Massachusetts Adds Monti

MacKinnon Joins Union Mutual Vermont's Union Mutual Insurance Co. has hired George MacKinnon to be as vice president of underwriting....
 
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Midwest

 

Fire Damages Century-Old Indiana Lumber Yard, Hardware Store

An overnight fire heavily damaged a century-old hardware store and lumber yard that abuts a southern Indiana city's historic downtown...
 

Iowa to Kill 1.5 Million More Hens and Turkeys Because of Bird Flu

Iowa agriculture officials announced two more bird flu outbreaks in commercial flocks that will require the killing of more than 1.5...
 

Iowa Insurance Agent's License Permanently Revoked After Violating Order

Iowa Insurance Commissioner Doug Ommen recently issued an enforcement order against Gary D. Marcum formerly of Clive, Iowa, and now a...
 

Sixth Court Sides With Distributor in Ohio Opioid Lawsuit Jurisdiction Dispute

An Ohio district court correctly granted a pharmaceutical distributor's motion to remand to state court a case regarding whether its...
 
More Midwest News »
 
 

Insurance Jobs

 

Business Systems Analyst - Edge Case Risk Management - Pittsburgh, PA

 

Commercial Lines Carrier Underwriter - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Commercial Transportation Underwriting Manager - JM Wilson - Kalamazoo, MI

 

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Loss Control Specialist - Nationwide Insurance - New England States

 
 
 

Southeast

 

Nationwide Doesn't Have to Defend in Suit Against Alabama Child Molester

Nationwide Mutual Insurance Co. does not have to defend its insured, an Alabama man who abused a 10-year-old girl, leaving the victim...
 

WV Governor Signs Bill Creating Mutual Company for Mine Reclamation Costs

West Virginia Gov. Jim Justice has signed into law a bill that creates a mutual insurance company dedicated to coal mine reclamation...
 

ClearPath Expands into West Virginia May 1

ClearPath Mutual Insurance Co., a Kentucky-domiciled workers' compensation insurance provider, has expanded into West Virginia, the...
 

West Virginia Starts Day in Court Versus Drug Opioid Drugmakers

West Virginia is set to go to trial this week against Johnson & Johnson JNJ.N, Teva Pharmaceuticals Industries and AbbVie Inc. over...
 
More Southeast News »
 
 

South Central

 

Louisiana Dept. of Insurance Issues Cease-and-Desist Orders Against 2 Agents

The Louisiana Department of Insurance (LDI) recently issued cease-and-desist orders and license suspensions against two insurance...
 

Louisiana Doctor Pleads Guilty to Workers' Comp Fraud Conspiracy

An Alexandria, Louisiana physician pleaded guilty to having conspired to violate three different federal statutes in connection with a...
 

Lawsuit Settled in Texas Child's Brain-Eating Amoeba Death

A Texas city has settled a lawsuit with the parents of a 3-year-old boy who died last September after being infected with a rare...
 
More South Central News »
 
 
 
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West

 

Hub Acquired Chun-Ha Insurance Services in California

Hub International Ltd. acquired Chun-Ha Insurance Services Inc. in Garden Grove, California, Chun-Ha Insurance is an agency serving the...
 

California's Corporate Diversity Law Ruled Unconstitutional

A Los Angeles judge ruled that California's landmark law mandating that corporations diversify their boards with members from certain...
 

California Drought Deepening as Wet Season is Anything But

California is experiencing one of the driest starts to spring in decades, data showed Friday, and absent a heavy dose of April and May...
 

Washington Court Grants Extended Stay of Insurance Commissioner's Credit Scoring Ban

A judge in Washington has signed an order formally staying the Washington Insurance Commissioner Mike Kreidler's ban on using credit...
 
More West News »
 
 
 
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International & Reinsurance

 

Japanese Insurer Tokio Marine Says Greensill Obtained Policies Fraudulently

Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday,...
 

Inflation a 'Major and Growing Concern' for Reinsurers

With buyers' needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were...
 

Credit Suisse Warns Greensill Litigation Against Insurers, Debtors May Take 5 Years

Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years and...
 

Mediterranean Marine Fuel Suppliers Stop Serving Russian Ships: Sources

Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow...
 

Ships Face Power Blackouts After Receiving Contaminated Fuel in Singapore

A growing number of ships that received contaminated marine fuel at the major hub of Singapore have suffered power blackouts, according...
 

Thailand Revokes Licenses for Two P/C Insurers

Thai Finance Minister Arkhom Termpittayapaisith has revoked the insurance licenses of two companies -- Southeast Insurance Pcl and Thai...
 

Randall & Quilter Agrees to Acquisition by R&Q Shareholder Brickell for £482M

Randall & Quilter Investment Holdings Ltd. (R&Q), the Bermuda-based program management and legacy acquisition specialist, announced it...
 

Howden Acquires 2 Italian Brokers Nord Est Insurance Broker and ASI

Howden, the London-based international insurance broker, further strengthens its presence in Italy with two new acquisitions: Nord Est...
 

UK Brokerage Group Jensten Simplifies Corporate Structure, Brands

The Jensten Group, the UK independent insurance broking group, has embarked upon a transformation program across the business which will...
 
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Insurance Journal Blogs and Columns

 

That's A Hard No

That's a hard no. I like that phrase. Simple. Direct. Expresses exactly what I mean. Sometimes it's just no. No negotiation. No...
 
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Research and Webinars

 
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Navigating a Sea of Uncertainty: 5 Reasons to Select a Cargo Policy

Port accumulation and trans-shipment delays. Extreme weather events. Fires at sea. These are just a few interconnected yet...
 
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Amidst a Widespread Microchip Shortage, Real-Time Insurance Reporting is a Must

Entering into another year of unpredictability in the global supply chain, the shortage of automobile semiconductor chips —...
 
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How to Grow Your Business with E&S Lines

It's shaping up to be the best E&S lines market in U.S. history. Are you realizing the benefits? In this whitepaper, we'll...
 
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Beyond Burnout-Redefining a New Era in the Work Place

In a new report, Beyond Burnout—Redefining a New Era in the Work Place, Cake & Arrow gets to the heart of how people's...
 
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Turn License Management into Your Secret Weapon for Growth

Wasting time on repetitive producer management tasks is limiting your ability to grow quickly. Read this whitepaper from...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 45: Not Being All You Can Be When Being ESG a Bad Risk for Cannabis Companies

Environmental, social and governance is a big part of the world nowadays, and the concept of...
 
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We're back and excited to bring to you another group of industry professionals ready to tackle...
 
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