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Today's Headlines

 
February 28, 2022
 
Today's Headline Sponsor: Safety National
 
 
 
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National

 

Supreme Court Asked to Resolve Federal Drug Law v. State Medical Marijuana Laws Debate

The U.S. Supreme Court has been asked to address whether federal drug law that criminalizes possession of marijuana invalidates state...
 

Aon Discloses 'Cyber Incident' Amid Mounting Concerns Over Hacks

Aon Plc is investigating a "cyber incident" that the insurance brokerage said impacted a limited number of its systems. The incident,...
 

Judge Greenlights J&J Strategy to Resolve Talc Lawsuits in Bankruptcy Court

Johnson & Johnson JNJ.N can use the bankruptcy system to resolve multibillion-dollar litigation claiming its talc products cause cancer,...
 

AM Best: Ukraine Invasion to Likely Have 'Substantial Impact' on Insurance Industry

Russia's invasion of Ukraine could add to inflationary pressures and will likely have a substantial impact on the global insurance...
 

Hyundai, Kia Are Sued After Recalling Vehicles Because of Fire Risk

Hyundai Motor Co. and Kia Corp. were sued on Friday by drivers who claimed a defect in their vehicles' anti-lock brake systems could...
 

Berkshire's GEICO Posts 2021 Profit Much Lower Than 2020

Although Berkshire Hathaway's biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall...
 

Lemonade Execs Expect 'Peak Losses' in 2022

With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the...
 
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East

 

Man Exonerated in 1981 Rape Files $50M Wrongful Death Suit Against New York

The man who served 16 years in prison for the 1981 rape of author Alice Sebold and was exonerated last year filed a lawsuit Friday...
 

Virginia School Board to Appeal Judge's Ruling Blocking Elite School's Admissions Policy

A federal judge ruled Friday that a Virginia school system illegally discriminated against Asian Americans when it overhauled the...
 

New York State Ethics Commission Hit by Cyber Attack

ALBANY, N.Y. (AP)-- New York's ethics commission has shut down its online filing system as authorities investigate a "deliberate...
 

OSHA Fines Contractors at Philadelphia Amazon Site Over Worker Death

The U.S. Department of Labor's Occupational Safety and Health Administration has proposed fines against two construction firms working on...
 
More East News »
 
 
 
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Warranty Survey Report
 
AmTrust's Warranty Survey Report reveals an opportunity in the marketplace to improve offerings and expand warranty adoption across all categories.
 
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Midwest

 

OSHA Proposes $237K Fine Against Ohio Contractor For Exposing Roofers to Deadly Fall Hazards

A Hartsville, Ohio contractor has been cited for the sixth time since 2018 for exposing workers to deadly fall hazards on two separate...
 

Kansas Court Rules Insurer had No Duty Pay Policy Limit Before Demand Was Made

A claims adjuster's sub-standard investigation of a potential fatal accident claim does not warrant a multi-million award of damages...
 

Ohio Supreme Court Hears Lawsuit Over Company's COVID Losses

An Ohio business says its insurance company must compensate it for financial losses suffered during a pandemic-related shutdown. The...
 
More Midwest News »
 
 
 
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Southeast

 

St. Johns Insurance Insolvent, to be Liquidated, Florida DFS Reports

St. Johns Insurance Co., one of the larger property/casualty insurers based in Florida, is now insolvent and will soon be liquidated. The...
 

Dollar General Cited for More Workplace Hazards

It's more bad news for Dollar General stores, one of the largest food and household goods retailers in the country. Federal safety...
 

People Moves: Bakofsky at Florida OIR, Gorman at North Carolina

Bakofsky Named Chief of Staff at Florida OIR Florida Insurance Commissioner David Altmaier announced that communications director Alexis...
 
More Southeast News »
 
 
 
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Insurance Rocks!
 
Thank you to all the insurance champions who shared experience and advise to those considering a career in the field.
 
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South Central

 

Louisiana Reaches $3.3 Million Settlement With Firestone Over Alleged Clear Air Act Violations

The United States, together with the State of Louisiana, announced that U.S. District Court for the Western District of Louisiana has...
 

Brown & Brown Acquires Texas' CrossCover

Brown & Brown, Inc. has entered into an agreement to acquire CrossCover Insurance Services. The transaction is expected to close before...
 

Fire That Killed Dozens of Animals at Arkansas Petting Zoo Under Investigation

Dozens of animals including prairie dogs, lemurs and hedgehogs were killed when a fire broke out in a barn at an Arkansas petting zoo,...
 
More South Central News »
 
 

Insurance Jobs

 

Commercial Lines Producer (Construction) - Hub International - Seattle, WA

 

Horace Mann Exclusive Agent - Horace Mann Educators Corporation - MIddletown, DE

 

Loss Control Consultant - MountainCreek Solutions - Central and Eastern, US

 

Insurance Specialist - Utopia Management & Insurance Services, Inc. - San Diego CA

 

Senior Program Underwriter - VGM Group, Inc. - Waterloo, Iowa

 
 
 

West

 

New Mexico Archdiocese Sues Insurers Over Sexual Abuse Coverage

One of the oldest Roman Catholic dioceses in the U.S. is suing four insurance companies over claims that they haven't fulfilled contracts...
 

Washington School Bus Carrier Could be Fined $364K for Safety Violations

Washington state regulators found more than 600 safety and procedural violations by school bus carrier First Student in the past two...
 

People Moves: Surplus Line Association of California Names Beaver Board Chair, Gobler Vice Chair, Washington Secretary

The members of the Surplus Line Association of California elected Janet Beaver as chair of the SLA board. Eligible members of the SLA...
 

California Commissioner Wants to Require Insurers to Factor Wildfire Safety Steps into Pricing

California Insurance Commissioner Ricardo Lara announced new regulations he believes will improve wildfire safety and drive down the cost...
 
More West News »
 
 
 
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A Podcast for Independent Agents
 
Ep 5: What Agents & Carriers can do to Create a Vibrant Independent Agency System that is Prepared for the Future — w/ Tyler Asher of Liberty Mutual & Safeco Ins.
 
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International & Reinsurance

 

AM Best: Ukraine Invasion to Likely Have 'Substantial Impact' on Insurance Industry

Russia's invasion of Ukraine could add to inflationary pressures and will likely have a substantial impact on the global insurance...
 

Facing Antitrust Charges, Irish Insurer Group to Unlock Platform for Nonmembers

Irish insurers' association Insurance Ireland has offered to open up its data sharing platform to nonmembers and apply fair criteria to...
 

Riskonnect Acquires UK Risk Management Software Firm Sword GRC

Integrated risk management software provider Riskonnect reports it has acquired the Sword GRC, a UK-based software company that...
 

India Approves Up to 20% Foreign Direct Investment in Giant Insurer LIC: Source

India's cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp of India...
 

Insurtech Descartes Partners With Modeling Firm Reask to Expand Parametric Cover

Descartes Underwriting, the Paris-based parametric insurtech, has formed a partnership with Reask, the tropical-cyclone modeling firm....
 

People Moves: Rosa Appointed CEO of Euler Hermes Agency; Gallagher Re Adds Aon's LaPalme; Marsh Hires Lipinska, Cobb

This edition of International People Moves details appointments at Euler Hermes, Gallagher Re and Marsh. A summary of these new hires...
 

VW Fears Most of Its Cars on Cargo Ship 'Felicity Ace' Are Beyond Salvage

Volkswagen AG has lost hope that many of its roughly 4,000 vehicles aboard a cargo ship that caught fire last week in the Atlantic can be...
 
More International & Reinsurance News »
 
 

Research and Webinars

 
research

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...
 
research

4 Agents Share Success Moving Out of Their Comfort Zones

Independent agents and dedicated agents looking to transition to an independent career have a lot to contemplate when...
 
research

Three Keys to Differentiating Your Brokerage

In an increasingly crowded and commoditized market, brokers are faced with minimal customer loyalty and look to differentiate...
 
research

Travelers Ins. Adopts Personalization Strategy to Support the Agent-Policyholder Relationship

Discover how agents can use modern communication tools to personalize their experience at scale. As the face of insurance...
 
research

Risk Management Checklist: Are you helping your clients navigate their critical areas of risk?

Use this tool to keep track of all the areas of risk your clients might be exposed to and ensure you're helping cover them all....
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 42: Cannabis Supply Chain Risks Worth Tripping Over

Everyone knows about supply chain management nowadays thanks to the pandemic, with shelves...
 
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EP. 31: More Than a Conversation: Cyber, Insurance Pros Say Building Diversity Means Taking Action

The cybersecurity and insurance industries have been talking about prioritizing diversity,...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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