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Today's Headlines

 
July 18, 2022
 
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National

 

First Half Insurance Agency M&A Above 5-Year Average: OPTIS

Agency consultancy OPTIS Partners said the pace of insurance agency mergers and acquisitions during the first six months of 2022 was...
 

Analysis: State Farm Wins Again With Better J.D. Power Scores Than GEICO

When Warren Buffett told Berkshire Hathaway investors that State Farm continues to dominate the large auto insurance carrier landscape...
 

Log4j Software Flaw 'Endemic,' New Cyber Safety Panel Says

A computer vulnerability discovered last year in a ubiquitous piece of software is an "endemic" problem that will pose security risks for...
 

MLB Agrees to Pay $185 Million to Settle Minor League Wage Suit

Major League Baseball agreed to pay $185 million as part of a settlement with minor league ballplayers who say the league exploits them,...
 

Program Data Insurtech Noldor Raises $10M

New York-based Noldor, said it recently closed on a $10 million seed funding round from a group of well-established insurance investors....
 

Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero

Ditching investments in fossil fuel businesses--and denying them insurance--aren't the only ways for the insurance industry to...
 

Creating Harmony: What Cyber, Insurance Pros Can Learn from Music

Music may not be the first thing that comes to mind when considering the cybersecurity and insurance industries, but these industries could...
 

Are 4-Day Workweeks, Flexible Hours the Future?

A four-day workweek sounds appealing to workers, possibly alarming to employers. A bill introduced in the California...
 
More National News »
 
 
 
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East

 

Man Exonerated in Malcolm X Killing Sues New York City for $40 Million

A man who was exonerated last year in the 1965 assassination of Malcolm X has filed a $40 million lawsuit against New York City for the...
 

Drought Getting Worse in Southern New England

Southern New England is experiencing worsening drought conditions, government official said, urging residents to voluntarily take steps...
 

World Insurance Acquires Walker Agency in Massachusetts

World Insurance Associates reports it has acquired Allan M. Walker Insurance Agency of Taunton, Massachusetts. Terms of the transaction...
 

Gunmaker Sig Sauer Loses Bid to Block New Hampshire Liability Suit Over Pistol Misfire

A federal court in New Hampshire has denied gunmaker Sig Sauer's bid to block a product liability lawsuit brought by a man who alleges he...
 
More East News »
 
 
 
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Midwest

 

Michigan Construction Worker Fatally Struck by Bulldozer

A construction worker in suburban Detroit died last Friday after a bulldozer struck him, police said. A man was standing outside his dump...
 

Iowa Farmers Facing Drought or Unusually Dry Conditions

Weeks of heat and scant rainfall have left most of Indiana facing either drought or unusually dry conditions while farmers hope...
 

Major Disaster Declared for Many North Dakota Counties Damaged by Storms

President Joe Biden has issued a major disaster declaration for many of North Dakota's 53 counties which sustained damage caused during a...
 
More Midwest News »
 
 

Insurance Jobs

 

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Personal Lines New Business Processor: - Community Insurance CEnter - Oxford, Michigan

 

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Agency Controller - Quantum Assurance International - Remote

 
 
 

Southeast

 

Tennessee's Workers' Comp System Limits Help for Injuries, Newspaper Reports

Sedgwick, one of the largest workers' compensation claims-management firms in the United States, was penalized by Tennessee regulators...
 

Father Seeks Death Declaration for Son Believed to Have Fallen into Recycling Shredder

The father of a man who disappeared and is now believed to have died in a shredding machine at a South Carolina recycling business is...
 

New Alabama Regs Kick in on Custodials, Clearing Co's, Captives and Home Fortification

The Alabama Department of Insurance has updated a number of regulations in keeping with the National Association of Insurance...
 

Ascend, AmeriSave Expand Insurance Programs

Ascend Inks Payment Platform Agreement with Independent Agents of North Carolina Ascend, an insurance payments platform, has announced an...
 

People: Georgia Agents Elect Iverson President

The Independent Insurance Association of Georgia has installed longtime member Michael Iverson as president of the organization. Iverson...
 
More Southeast News »
 
 

South Central

 

30 Women Settle Watson-Related Claims Against Houston Texans

Thirty women who had accused the Houston Texans of turning a blind eye to allegations that their former star quarterback Deshaun Watson...
 

Texas Jury Hands Fired Southwest Flight Attendant $5.1 Million Verdict

A former Southwest Airlines flight attendant who was fired after sparring with her union president over abortion and other issues won a...
 
More South Central News »
 
 

West

 

Takeaways from Our Conversation with a Cannabis Business Plaintiff's Attorney

Michael Sampson probably hasn't built a rabid fanbase of followers among insurers and insurance attorneys, but his perspectives on...
 

California Surplus Lines Association Lowering Stamping Fee

The Surplus Line Association of California board voted to drop the association's stamping fee to 0.18%. Effective Jan. 1, 2023, the...
 

Wildfire Threat Becomes Tool to Fight California Home Builders

Preston Brown knows the risk of wildfire that comes with living in the rural, chaparral-lined hills of San Diego County. He's lived there...
 
More West News »
 
 

International & Reinsurance

 

Europe Battles Wildfires in Intense Heat That Scientists Blame on Climate Change

JERTE, Spain - Authorities across southern Europe battled on Sunday to control huge wildfires in countries including Spain, Greece and...
 

ANZ Agrees to Buy Australian Insurer Suncorp's Bank Operations for $3.3 Billion

Australia & New Zealand Banking Group Ltd. agreed to buy Suncorp Group Ltd.'s banking operations for A$4.9 billion ($3.3 billion) as it...
 

Crashed Ukrainian Cargo Plane Carried Shipment of Ammunition for Bangladesh

Ukrainian foreign ministry officials on Sunday traveled to inspect the site where a Ukrainian cargo plane crashed overnight in northern...
 

Nearly Half of UK Black Professionals Plan to Leave Their Jobs

Almost half of Black employees are planning to leave their jobs in the near future, resenting the lack of fairness in their company's...
 

Malaysian Central Bank Sets 2023 Cutoff for Foreign Insurer Stake Sales: Sources

Malaysia's central bank is giving foreign insurers until the end of 2023 to either reduce stakes in their local ventures or contribute to...
 

Professional Services Firm Davies Completes Acquisition of Asta at Lloyd's

Davies, the London-based specialist professional services and technology business, announced it has completed the acquisition of Asta...
 

Moore to Succeed Annandale as CEO of Argenta Syndicate Management Ltd.

Argenta Holdings Ltd. announced the retirement of Andrew Annandale, group CEO and managing director of Argenta Syndicate Management Ltd....
 
More International & Reinsurance News »
 
 

Insurance Journal Blogs and Columns

 

Inflationary Woes

U.S. consumers see inflation continuing to rise in the year ahead but expect to see a more moderate pace over the medium to longer term....
 

Alabama Counties' Insurance Fund Not Liable for its Own Actions in Deadly Dock Fire

Insurers and government self-insurance pools should be breathing a sigh of relief after the Alabama Supreme Court absolved a county...
 

Massachusetts High Court Rules Attorney's Fees Are Not Part of Insured Damages

The Massachusetts Supreme Judicial Court has ruled that attorney's fees from a consumer protection lawsuit are not covered as part of...
 

'Cautious Optimism' for Cyber Buyers as More Focus on Risk Controls: Marsh

While the market for cyber insurance is expected to remain challenging "for the foreseeable future," there is optimism for rate...
 
More Blogs »
 
 

Research and Webinars

 
research

Online Face Verification in Insurance: 5 Ways To Enable Digital Transformation

How can insurance companies use online face verification as part of their digital transformation strategies? Download our report...
 
research

The High Price of "Business As Usual" in the Insurance Industry

AgentSync's Guide to the Price of "Business as Usual" in the Insurance Industry When an insurance organization considers adding...
 
research

Third-party Risk Posture of the Top 99 US Insurance Companies

This report analyzes the top 99 insurance companies by net premiums written in order better understand their cyber posture and...
 
research

Three Visions for Empowering Independent Agents

During the pandemic, Cake & Arrow conducted qualitative research with hundreds of gig workers and small business owners to...
 
research

Reducing Commercial Auto Risk Exposure for Incomplete Trucks via Accurate Data & Automation

It's likely that 65% of commercial trucks on your books are undervalued. Fortunately, insurtech can easily fix this by combining...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 52: Cannabis Business Plaintiff's Attorney on Miscues That Should Get Insurers' Attention

Michael Sampson may not have a rabid fanbase among insurers and insurance attorneys, but he's...
 
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EP. 51: Insuring Cannabis Seeds Specialty Promises to Grow

The U.S. Drug Enforcement Administration declared in an April memo that cannabis seeds that...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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