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August 1, 2022
 
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National

 

Boy Scouts Must Change $2.7 Billion Sex Abuse Fund, Judge Rules

The Boy Scouts of America must adjust their plan to create the biggest sexual abuse compensation fund in the U.S. in order to win final...
 

Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh

Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of...
 

Congress Wants Answers on a 'Significant' Cyberattack on Courts

Three hostile foreign actors breached the federal courts document management system via "an incredibly significant and sophisticated"...
 

Elon Musk Files Countersuit Under Seal Versus Twitter Over $44 Billion Deal

Elon Musk countersued Twitter Inc. on Friday, escalating his legal fight against the social media company over his bid to walk away from...
 

FDIC Urges Banks to Police Misleading Crypto Claims on Deposit Insurance

A U.S. banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which of their...
 

Lemonade Lays Off Some Metromile Employees Immediately

Immediately after Lemonade closed its deal of Metromile July 28, job boards lit up with news of layoffs at the acquired company. Former...
 

So, You Think You Can Multitask

With all the electronics, smartphones, email and digital stuff that comes at us from every angle in this age of...
 
More National News »
 
 
 
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East

 

Massachusetts Court Denies Charitable Immunity, Allows Abuse Case Against Diocese

A lawsuit brought by a former altar boy who alleges he was sexually abused as a child in the 1960s by a now-deceased Roman Catholic...
 

After 20 Deaths, Connecticut Plans $20M Safety Effort to Prevent Wrong-Way Crashes

Connecticut's Bond Commission approved $20 million in borrowing Friday for the purchase of equipment designed to help prevent drivers...
 

Philadelphia's Well-Known Jim's Cheesesteaks Shop Damaged by Fire

A fast-moving fire damaged one of Philadelphia's best-known cheesesteak shops early Friday, but authorities say no injuries were...
 
More East News »
 
 
 
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Midwest

 

Michigan Supreme Court: Anti-Bias Law Protects LGBTQ

The Michigan Supreme Court last week said the state's anti-discrimination law covers sexual orientation, a victory for LGBTQ residents....
 

Second Round of Flooding Hits St. Louis, Prompting Rescues

Heavy rains brought another round of flooding to the St. Louis region that was already recovering from record rains earlier this week,...
 

Wisconsin Roofing Contractor Fined $94,000 for OSHA Violations

Despite the potentially deadly consequences of its actions, an Appleton, Wisconsin contractor allowed three roofers to work at heights up...
 
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Insurance Jobs

 

Product Manager/ Senior Product Manager - WCF Insurance - Sandy, Utah

 

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Southeast

 

Kentucky Agents Report Few Properties Have Flood Insurance in Widespread Devastation

Insurance agents in flooded parts of Kentucky reported Monday that their towns had been inundated with river water and mud - but few...
 

Tank Explosion Severely Burns Six Workers in Mississippi

Six workers suffered severe burns following a Friday morning explosion at a oil drilling storage tank in central Mississippi. The workers...
 

Blue Cross Sues Mississippi Med Center Officials for Defamation

Blue Cross & Blue Shield of Mississippi on Thursday said it was suing three employees of the University of Mississippi Medical Center for...
 

Another View on Florida Ratings Flap; and Petrelli Calls Citizens Re Idea 'Creative'

The recent brouhaha regarding Demotech and its Financial Stability Ratings (FSRs) of as many as 20 Florida insurers has now come full...
 

Florida People Moves: DeSantis Reappoints Knight to Citizens Board

Florida Gov. Ron DeSantis has reappointed venture capitalist Erin Knight to the Citizens Property Insurance Corp. board of governors, the...
 
More Southeast News »
 
 

South Central

 

New Orleans Mayor OKs Facial Recognition Use for Cops

New Orleans Mayor LaToya Cantrell signed an ordinance Thursday to partly reverse the city's ban on police use of facial recognition...
 

Arkansas Officials Approve Recreational Marijuana Initiative

Supporters of a recreational marijuana initiative have turned in the required number of valid signatures, moving the measure closer to...
 

Alex Jones' Media Company Files for Bankruptcy Amid Trial

Conspiracy theorist Alex Jones' media company Free Speech Systems filed for bankruptcy on Friday, but his attorney said it should not...
 
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West

 

Takeaways from Our Conversation About Why Most Small-to Mid-Size Cannabis Operators Shun D&O

Directors and officers insurance has been pricey and tough to obtain for cannabis companies since the industry started requiring...
 

Western U.S. Wildfires Explode in Size Amid Hot, Windy Conditions

Wildfires in California and Montana exploded in size overnight amid windy, hot conditions and were quickly encroaching on neighborhoods,...
 

Under Armour Agrees to $67.49M Settlement With UCLA

Under Armour has agreed to pay UCLA $67.49 million to resolve a lawsuit filed two years ago. UCLA filed a lawsuit against Under Armour in...
 

Judge Finds Washington Commissioner Exceeded Authority on Credit Score Ban

Thurston County Superior Court Judge Indu Thomas found that while Washington Insurance Commissioner Mike Kreidler's rule temporarily...
 
More West News »
 
 

International & Reinsurance

 

Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh

Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of...
 

Ukraine Makes 1st Grain Shipment Since Russia's Invasion in Key Milestone

Ukraine made its first shipment of grain since Russia's invasion, marking a small but crucial first step toward unlocking the millions of...
 

Fidelis' Credit Ratings Under Review After Announcing Plan to Create MGU: AM Best

AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit...
 

Liberty Mutual Insurance Acquires Malaysian Insurer AmGeneral

Liberty Mutual Insurance has completed the acquisition of Malaysian insurer AmGeneral Insurance Berhad, which is expected to make Liberty...
 

Climate Change Made Deadly UK Heat Wave at Least 10 Times More Likely: Study

The UK's heat wave earlier this month fueled so many blazes in London that the city's fire service was busier than any day since Nazi...
 

Ardonagh's Arachas Corporate Brokers to Acquire Glennon Insurances in Ireland

Arachas Corporate Brokers Ltd., a Dublin-based subsidiary of The Ardonagh Group, announced it has reached an agreement to acquire...
 
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Insurance Journal Blogs and Columns

 

Curbing Distracted Driving Starts with a Commitment to Education and Enforcement

This post is part of a series sponsored by IAT. Only 2.5% of people can effectively multitask even in the best conditions.[1] That's not...
 
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Research and Webinars

 
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Three Visions for Empowering Independent Agents

During the pandemic, Cake & Arrow conducted qualitative research with hundreds of gig workers and small business owners to...
 
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A Data-Driven Guide to Improving Workplace Safety

Data and analytics not only help develop preventative safety measures, but predictive safety measures as well. See how leading...
 
research

Biometric Authentication Explained

In a digital world, how can you be sure that someone is who they say they are? Or that they even exist at all? This book from...
 
research

The Power of a Network Partnership for Independent Agents

Increasing numbers of new agency owners, existing independents, and former captive agents are looking to join agency networks to...
 
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What Is Builders Risk Insurance?

The construction industry is hotter than ever, so there's never been a better time to learn builders risk insurance. In this...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 53: Why Most Small-to Mid-Size Cannabis Operators Shun D&O

Since cannabis insurance became a thing, directors & officers insurance has been pricey and...
 
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EP. 42: Inside Out: How Exit Crime, Insider Threats Are Creating Challenges for Insurers

There has been a lot of talk about how insurance companies are increasingly falling victim to...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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