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March 30, 2020
 
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National

 

Insurance Agency Employees Making More Money But Not as Happy

Insurance agency personnel on average made a little more money in 2019 but they were not as happy as they were in 2018. Nearly all...
 

P/C Insurers Put a Price Tag on Uncovered Coronavirus Business Interruption Losses

The property/casualty industry estimates that business interruption losses from the coronavirus just for small businesses in the U.S....
 

From Free Coverage to Medical Masks. P/C Insurers Deliver Some Good News.

While the property/casualty insurance industry is fighting attempts to force it to pay for the huge business income losses that it says...
 

The Longer Coronavirus Crisis Lasts, the More Uncertain Is P/C Insurance Outlook

North American property/casualty insurers reported improved 2019 operating performance, but near-term performance will likely be more...
 

GM Settles Faulty Ignition Switch Cases for $120 Million

General Motors Co. has reached a $120 million settlement with owners who claimed that their vehicles lost value because of defective...
 

Second Racial Bias Case Against Cable TV Wins Second Look

The U.S. Supreme Court on Monday ordered a lower court to reconsider its decision to let comedian-turned-media executive Byron Allen's...
 

Entering and Exiting Digital: What's Up with Multi-Brand Strategies of P/C Insurers?

Two of the largest property/casualty insurers in the U.S., Allstate and Nationwide, made headlines recently when they announced shifts in...
 

Pandemic Response Sparks Property Liability, Privacy, Cyber Concerns: Risk Alerts

Efforts by automakers to help manufacture medical equipment raise product liability and intellectual property concerns....
 
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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.
 
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East

 

Connecticut Calls on Auto Insurers to Extend Coverage to Personal Delivery Drivers

Connecticut Insurance Department Commissioner Andrew N. Mais has called on insurers to immediately institute an extension of coverage for...
 

Fire Damages Popular Presidential Campaign Trail Restaurant in New Hampshire

A fire caused about $80,000 worth of damage on Wednesday to a New Hampshire restaurant that's a popular campaign trail stop for...
 

New York City Subway Driver Killed in Fire Being Investigated as Crime

A New York City subway driver was killed and several other people were injured early Friday in a fire on a train that is being...
 
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Midwest

 

Ohio Bill Would Expand Business Interruption Coverage During COVID-19 Emergency

Two Democratic state representatives in Ohio have filed a bill in the General Assembly that would require insurers that provide business...
 

Ohio County Reaches $3.5M Settlement in Woman's Dog Mauling Death

The estate of an Ohio woman fatally mauled by her neighbors' dogs will receive $3.5 million to settle a lawsuit against a county and its...
 

Severe Weather Spawns Tornadoes, '100-Year Flood' in Midwest

A severe weather system tore through the Midwest over the weekend, bringing damaging high winds, tornadoes and flooding. Authorities say...
 

Reavis Named Chief People Officer at Ohio Insurtech Root

Columbus, Ohio-based Root Inc., the parent company of online insurer Root Insurance, has appointed Annette Reavis as its first chief...
 
More Midwest News »
 
 

Southeast

 

North Carolina Stay-At-Home Order Takes Effect

North Carolina Gov. Roy Cooper announced Friday that a statewide stay-at-home order will start Monday, saying more movement restrictions...
 

Officials: South Carolina Nuclear Plant Employees Violated Safety Procedures

Employees at a South Carolina nuclear plant failed to check for fires when making rounds and then falsified log books, federal officials...
 

Mississippi Residents Affected by February Floods Eligible for Disaster Aid

Mississippi businesses and residents who were hurt by Pearl River flooding in February are now eligible to receive disaster assistance....
 

Demotech Affirms Ratings of 37 Florida Insurers; Still Reviewing Others

Demotech has affirmed 37 of the 46 Florida-based companies rated by the actuarial firm, as of March 26, according to information gathered...
 
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South Central

 

Oklahoma Lawmakers Call for First Responder Workers' Comp Coverage for COVID-19

A group of Republican lawmakers from the Oklahoma House of Representatives are asking the Oklahoma Municipal League (OML), Oklahoma...
 

6 Hurt as Tornado Tears Through Arkansas College Town

A tornado ripped through northeast Arkansas on Saturday, leaving six people hurt after hitting commercial and residential areas in the...
 

Carrozza Joins Texas Associates Insurors as Risk/Insurance Advisor

Texas Associates Insurors has hired Brad Carrozza as its newest risk and insurance advisor. He is based in Austin. Carrozza's...
 
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Will Your Website Make the Difference?
 
On April 8th, join us to learn how InsurTech can automate the lifecycle of prospects and turn your website into a rating tool to win clients.
 
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West

 

PG&E to Use California Wildfire Victims Fund to Pay for Past Crimes

Pacific Gas & Electric is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can't pay for its crimes...
 

Washington State Asks Insurers to Extend Coverage to Delivery Drivers

Washington Insurance Commissioner Mike Kreidler is asking insurers doing business in the state to immediately extend automobile insurance...
 
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International

 

How Coronavirus Crisis Has Changed Underwriting at Lloyd's of London

Thousands of London's underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but...
 

Sirius International Launches Formal Process to Find a Buyer

Sirius International Insurance Group, Ltd. (Sirius Group) announced it has launched a formal process to sell the company after a...
 

Activist Fund CIAM Keeps Pressure on Reinsurer SCOR - and its CEO/Chairman Kessler

The battle between French activist investment fund CIAM and SCOR, which has been waging for more than a year, heated up again recently...
 

South Korean Insurers Hit Hard by Evaporating Investment Returns

Insurers the world over have been walloped by evaporating investment returns, but those in South Korea have been hit particularly hard....
 

Insured Losses from Europe's Storm Victoria (aka Dennis) Estimated at €286M: PERILS

The initial insured property loss estimate for Europe's extratropical cyclone "Victoria," also known as "Dennis," is an estimated €286...
 

Allianz Australia Taps Laybutt from Deloitte as Chief Risk Officer, Succeeding Callahan

Allianz Australia announced the appointment of Tara Laybutt as Allianz Australia's chief risk officer, effective May 11, 2020. Laybutt...
 
More International News »
 
 
 
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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.
 
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Insurance Journal's Academy of Insurance
 
 
 
 
 
 
 
 
 
 
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Insurance Journal Blogs and Columns

 

Guest Post: The Insurance Professional's Guide to Depositions, Part 1 - What to Expect in a Deposition

Today's post is the first in a series of posts by friend of the Academy, Crystal M. Uebelher, J.D., CPCU. Crystal is an insurance...
 

Top 10 Work From Home Tips, or How Not to Lose Your Job from Home

Many workers are being asked to do something that some have wanted for years while others have never wanted. It's time to work from home....
 

Coronavirus Resource Update 3/30/20

Stay Informed The staff at Insurance Journal is covering many aspects of the disease as it impacts the industry and will continue to...
 
More Blogs »
 
 

Insurance Journal TV

 
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What Florida Agents Need to Know During Coronavirus Crisis

Amy O'Connor, Southeast Editor, spoke with president of the Florida Association of Insurance...
 
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Wilson Elser's White Talks Coverage Questions, Regulatory Concerns as COVID-19 Spreads

Wilson Elser Partner Paul White spoke with Insurance Journal's Elizabeth Blosfield in February...
 
Watch more videos at InsuranceJournal.tv »
 
 

Reader Comments

 

How Policy Silence on Pandemics May Bedevil Insurers on Coronavirus Claims

Posted: Thu Mar 26 -- As pointed in comments on other articles on this subject: So what? Policies are silent on lots of things that aren't covered: asteroids,... Tiger88
 

Employers Deploy Spy Software to Monitor At-Home Workers

Posted: Fri Mar 27 -- The best line in the entire article "“It’s not about spying on the user,” Sutton said. “If you hired them, you should trust them. If... Edon
 

Commentary: Does Business Income Insurance Cover Coronavirus Shutdowns?

Posted: Tue Mar 24 -- I bet the policy doesn't specifically exclude damage or loss of use caused by Godzilla either. That will be the next lethal weapon of mass... Jack
 

Restaurateur Sues The Hartford, Seeking Coverage for Coronavirus Business Interruption

Posted: Fri Mar 27 -- Looks like Hartford Property Choice Deluxe Business Income - Virus has a $50,000 Limit. Fine here's your check now go away Paul Hammack
 

Oil Industry Seeks Easing of Environmental Regulation During Pandemic

Posted: Thu Mar 26 -- Vultures, using any opportunity to try and increase profits and destroy the planet even more. The priorities of the Republican party are... Jon
 
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