Insurance Journal
 
 

Today's Headlines

 
January 4, 2021
 
Today's Headline Sponsor: Insurance Journal
 
 
 
adv
 
Our Most Popular Issue. Don't Miss It!
 
IJ's Excess, Surplus & Specialty Markets Directory
will be delivered to over 47,200 of your colleagues—
and competitors. What are you waiting for?
 
Subscribe to IJ Magazine
 
Insurance Journal
 
 
 
 

National

 

Drugmakers Plan to Raise Prices in New Year: Reuters, 3 Axis Advisors

Drugmakers including Pfizer Inc., Sanofi SA, and GlaxoSmithKline Plc plan to raise U.S. prices on more than 300 drugs in the United...
 

Global Aviation Deaths Rose in 2020, Although Number of Crashes Fell

The number of people killed in large commercial airplane crashes rose in 2020 to 299 worldwide, even as the number of crashes fell by...
 

Alphabet's Wing Aviation Warns Proposed Drone ID Rules Invite Privacy Issues

Alphabet Inc.'s drone delivery unit Wing criticized Trump administration rules issued this week mandating broadcast-based remote...
 

OSHA Now Accepting 2020 Workplace Injury Submissions Through March 2

The Occupational Safety and Health Administration (OSHA) is reminding employers that the agency will begin collecting calendar year 2020...
 

Applied Underwriters Continues Major Expansion with D&O Unit Headed by AIG's McGill

Fast-growing specialty lines insurer Applied Underwriters announced the creation of a U.S. based division of its Applied Financial Lines...
 

Daimler to Pay $30M Penalty to End Delayed Truck Safety Recall Probe

Daimler AG's North American truck unit on Thursday agreed to a $30 million U.S. civil penalty to resolve an investigation of delayed...
 

AmWINS Rebrands, Integrates Networked Insurance Agents with AmWINS Access

Wholesale insurance brokerage AmWINS Group has rebranded its agency aggregator subsidiary Networked Insurance Agents to AmWINS Access -...
 

CNA Transfers $690M of Excess Workers' Compensation Business to Enstar Subsidiary

Commercial lines insurer CNA Financial Corp. and Enstar on Dec. 30, 2020 said they had reached an agreement to have a subsidiary of...
 

Lloyd's Perspective on the U.S. Property Insurance Environment

While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd's market who were in the process of...
 

Carriers Tap Reserves to Fund New Business Growth

Insurers are increasingly using reserve transactions such as loss portfolio transfers and adverse development covers to...
 
More National News »
 
 

East

 

Workers Released from Hospital After Baltimore Explosion

All but two construction workers injured in December in an explosion at a high-rise building in Baltimore have been released from...
 

Maine High Court Finds Aquaculture Worker Covered by Workers' Comp

An aquaculture worker who got hurt tending to salmon raised in offshore pens is covered under state law, but not under the federal law...
 

CBIZ Acquires New Jersey's Borden Perlman Insurance Agency

CBIZ Inc., a provider of financial, insurance and advisory services, has acquired Borden Perlman Insurance Agency Inc. (BP) of Ewing,...
 
More East News »
 
 

Midwest

 

Tyson not Shielded by Order Keeping Meatpackers Open, Iowa Judge Rules

A federal judge has rejected an argument by Tyson Foods that is not liable in the death of a worker in Iowa because it was following...
 

Brown & Brown Acquires Assets of Ohio's Berry Insurance Group

Brown & Brown of Ohio LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Berry Insurance Group,...
 

Michigan's Provision Insurance Appoints Irvine as Chief Financial Officer

Provision Insurance Group, an independent insurance agency headquartered in Bingham Farms, Mich., has named Chris Irvine as its chief...
 

Plane Crashes into Michigan House; 3 Killed, Home Severely Damaged

A plane flying from Georgia crashed into a house in southeastern Michigan, killing the pilot and two people aboard, authorities said....
 
More Midwest News »
 
 
 
adv
 
Business Income Insurance Demystified
 
Business income coverage is arguably one of the most important coverages your commercial clients should have. Get THE book on the subject.
 
Get the Book
 
Insurance Journal's Academy of Insurance
 
 
 
 

Southeast

 

Officials Assess Building Damage in Nashville from Christmas Bombing

Officials continue to assess building damage caused by the Christmas Day bombing as law enforcement officials on Thursday allowed media...
 

Kentucky Police Officer Fights Termination Over Breonna Taylor Killing

At least one Kentucky police officer connected to the fatal shooting of a Black woman, Breonna Taylor, is fighting a police move to...
 

Mississippi Defends Medical Marijuana Initiative Against 'Baseless' Suit

A mayor's lawsuit is making baseless arguments as it seeks to overturn a medical marijuana initiative that Mississippi voters approved,...
 

Newly Appointed Florida Deputy CFO to Focus on Insurance Fraud

Former Secretary of the Florida Department of Corrections Julie Jones has been appointed Deputy Chief Financial Officer within the Office...
 
More Southeast News »
 
 

South Central

 

Tougher Rules for Louisiana Car Accident Lawsuits Now in Place

Louisiana motorists filing car accident lawsuits will encounter tougher rules to win damage awards, under a new law championed by the...
 

Global Risk Solutions Acquires Texas' Tailored Adjustment Services

Global Risk Solutions Inc., a provider of property/casualty claims, environmental risk management and complex claims products and...
 

Oklahoma Fire Department Earns Highest ISO Protection Classification

The Norman Fire Department in Oklahoma has achieved the highest Public Protection Classification (PPC) rating from the Insurance Service...
 
More South Central News »
 
 

West

 

Alaska Scientists Find Slope with Tsunami Potential

Alaska scientists have found a second slope that has the potential to create a landslide or a destructive tsunami to its surrounding...
 

California Releases Final ZIPs for Non-Renewal Protection for 2020 Wildfires

California Insurance Commissioner Ricardo Lara announced that nearly 500 policyholders in six ZIP codes affected by the Mountain View...
 

Montana Utility Regulator Seeks $2.5M in Damages Over Email Spying

An outgoing member of Montana's Public Service Commission has filed a $2.5 million damage claim against fellow members of the utility...
 

Idaho Distracted Driving Law Kicks in, Insurers May Consider Citations in Rates

Starting Jan. 1, drivers violating Idaho's hands-free device, distracted driving law risked getting a citation. The law has been in...
 
More West News »
 
 

International

 

Aviation Reinsurance Rates Rise by as Much as 250% in January Renewals: Willis Re

Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the...
 

South African Insurer Santam Accepts Liability for Some Rejected COVID-19 Claims

JOHANNESBURG - South African insurer Santam will begin assessing payouts for some previously rejected coronavirus-related claims after...
 

Global Aviation Deaths Rose in 2020, Although Number of Crashes Fell

The number of people killed in large commercial airplane crashes rose in 2020 to 299 worldwide, even as the number of crashes fell by...
 

Generali to Purchase AXA's Greek Operations for $203 Million

Assicurazioni Generali SpA agreed to buy the Greek operations of French insurer AXA SA as part of its plans to expand in European...
 

Nexus Completes Acquisition of Hiscox MGA Marine Business

Independent specialty managing general agent (MGA) Nexus Group announced it completed the acquisition of the Hiscox MGA Marine business...
 

Brazil Petrochemical Company Braskem Settles Lawsuits over Sinking City for $1.75B

BRASILIA - Brazilian petrochemical company Braskem SA said on Wednesday it reached a 9.1 billion reais ($1.75 billion) deal to settle...
 

Fatal Accident Halts Production at Hyundai's S. Korean Factory After Refit for New EV

SEOUL - Production at Hyundai Motor's factory in Ulsan, South Korea, was halted on Monday after a worker died in an accident, shortly...
 

Premia Holdings Expands Reinsurance Capacity with Formation of Elevation Re

Premia Holdings Ltd. announced the formation of Elevation Re (SPC) Ltd., a sidecar vehicle which will provide collateralized reinsurance...
 
More International News »
 
 
 
adv
 
Understanding Business Income
 
Business income coverage is arguably one of the most important coverages your commercial clients should have. Get THE book on the subject.
 
Get the Book
 
Insurance Journal's Academy of Insurance
 
 
 
 

Research and Webinars

 
adv

2020 Workers Comp. Regulatory and Legislative Trends Report

This report provides an overview of key legislative, regulatory, judicial, and other developments affecting the workers...
 
adv

Seismic Changes Ahead for D&O Insurance Segment

AM Best expects that the Directors and Officers (D&O) segment will soon undergo radical changes based on an examination of...
 
adv

Three Ways to Thrive as an Insurance Agent in a Hard Market

The hard market is here and shows no signs of slowing down. While this period of the insurance cycle is often known as being the...
 
adv

7 Ways Insurers Should Use Technology to Augment Their Teams

For the Insurance industry, digital transformation has shifted from the 3 - 5 year plan to the 6 month plan. That transformation...
 
More research and webinars »
 
 

Insurance Journal TV

 
adv

ICS20 Soundbite: Capacity, Vaping Among Issues in Cannabis Industry Going Forward

Norman Ives, a wholesale insurance broker at Worldwide Facilities LLC specializing in custom...
 
adv

EP. 2: Forget the Stars, Insurers are Shooting for the Cloud

Recent research shows that more insurers are taking advantage of cloud technology for data...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

How U.S. Government Will Handle COVID-19 Vaccine Injury Claims Is Largely a Secret

Posted: Tue Dec 29 -- "In rare cases of serious illness from the vaccine . . . " HELLO? Millions of people are expected to take this vaccine, one produced faster... Craig Cornell
 

Introducing the 2020 Insurance Fraud Hall of Shame

Posted: Wed Dec 30 -- #1 and not even on the list. Hospitals putting the China virus as the cause of death to collect more money and defraud the US tax payer. Jack
 

After Year's Best IPO, Lemonade Insider Selling Lockup Expiration May Pressure Stock

Posted: Mon Dec 28 -- Actually, Lemonade and the other technology-dependent startup insurance firms will fail and probably fail spectacularly. Financial success... Barry Rabkin
 

Social Inflation Lesson: Not Settling Cost Insurer Millions in Suit by Excess Insurer

Posted: Mon Dec 28 -- Doug: You are correct. But the article reflects gross misconduct by the trial judge. Misconduct which would easily be the grounds for an... retired risk manager
 

Masks Help Curb COVID-19's Spread But May Not be Enough at Close Distances

Posted: Mon Dec 28 -- If masks don't stop the spread of Covid 19 at close distances, as the article says, what good are they? Craig Winston Cornell
 
Go To Popular Comments »
 
 
 
Contact us | Subscribe | Send to a Friend
 
This email was sent to newsletter@newslettercollector.com.
 
Don't want this anymore? Update your subscription or unsubscribe from all lists.
 
Insurance Journal
3570 Camino del Rio North, Suite 100
San Diego, CA 92108
(800) 897-9965
Insurance Journal | Claims Journal | MyNewMarkets | Academy Of Insurance | Carrier Management