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Today's Headlines

 
March 7, 2022
 
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National

 

Judge Approves Fix to Stem Race Bias in NFL Concussion Deal

Black retired football players who were denied payments for dementia in the NFL's $1 billion concussion settlement can seek to be...
 

U.S. Supreme Court Spurns Google Bid to Avoid Shareholder Lawsuit

The U.S. Supreme Court on Monday declined to hear Alphabet Inc's attempt to nix a lawsuit by shareholders accusing the Google parent...
 

Insurers Urged to Stress Test Cyber Portfolios for Russian Attack Potential

Cyber risk and analytics firm CyberCube said it has seen cyber attacks on Ukrainian government services, infrastructure, and other...
 

Biden Ends Forced Arbitration for Sexual Assault, Harassment

President Joe Biden on Thursday gave victims of workplace sexual assault or harassment the right to seek recourse in a court of law...
 

More Price Increases for U.S. Commercial Insurance in Q4 2021: WTW

U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW's latest Commercial Lines Insurance Pricing...
 

People Moves: Applied Financial Lines Adds 3; Sandbox Ventures Welcomes Chamness

Applied Financial Lines Names Noble, Owen and Dau Nebraska-headquartered specialty insurer Applied Underwriters has expanded its Applied...
 

AIG to Move High Net Worth Homeowners to E&S

Peter Zaffino, CEO of American International Group (AIG), said the company’s ongoing analysis of the increased frequency and severity of...
 

Leadership Conundrum: Can Corporate Culture Survive Remote Work Models?

As the world enters the third year of the pandemic, employees in the insurance industry expect to maintain workplace...
 
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East

 

'No Contest' Plea Doesn't Trigger Criminal Exclusion in Home Policy: Connecticut Court

An insured's plea of nolo contendere to criminal charges does not trigger a criminal acts exclusion in a homeowners insurance policy...
 

New Jersey Initiates Controlled Burns to Lessen Fire Risk in Pinelands

New Jersey environmental officials are fighting fire with fire, using so-called "controlled burns" to reduce the risk of future wildfires...
 

Vermont Police Continue Probe Into 36-Car Pileup

Vermont State Police say the recent multi-car pileup on I-89 likely was the largest motor vehicle crash in state history. Thirty-six...
 
More East News »
 
 
 
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Midwest

 

People Moves: Burns & Wilcox Adds 2 to Professional Liability Practice Group; J.M. Wilson Adds Struck

Burns & Wilcox Adds Tameka Livatino and Erin Pritchett to Professional Liability Practice Group Burns & Wilcox has named Tameka...
 

Hub Acquires Illinois' Kuhl Insurance Agency

Hub International Limited has acquired the assets of Kuhl Insurance Agency, Inc. Terms of the transaction were not disclosed. Located in...
 

Minnesota Lawmakers Disagree Over Drought Relief Package

Minnesota farmers and ranchers still reeling from last summer's drought are asking the Legislature for urgency on relief, though...
 
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Southeast

 

Florida Insurers Crying Foul Over Slide's 'Favored' Treatment in St. Johns Insolvency

The news that a startup Florida insurance company will assume $400 million in policies from the now-insolvent St. Johns Insurance Co. -...
 

Florida Panhandle Wildfire Forces Evac of Areas Still Recovering from Hurricane Michael

Hundreds of residents near Panama City, Florida, were forced to evacuate from a wildfire that destroyed at least two homes and damaged...
 

MedMal Direct Names Hammett CEO

MedMal Direct Insurance Co., a direct-to-physician medical professional liability insurer based in Jacksonville, Florida, has named Marc...
 
More Southeast News »
 
 
 
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South Central

 

Rising Mississippi River Bars Most Nearby Construction

The Mississippi River hit a mark last week that bars most construction work near levees and triggers frequent inspections of those...
 

Austin Officials Approve $3 Million Settlement For Teen Injured by Police

Austin officials approved a nearly $3 million settlement March 3 for a teen who was seriously injured by police during 2020 protests over...
 

UN Report Details Extent of Climate Change on Gulf Coast

Hurricane Harvey dumped more than 50 inches of rain on parts of the Texas coast in 2017. Then in 2020, ferocious winds from Hurricane...
 
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Commercial Lines Producer (Construction) - Hub International - Seattle, WA

 
 
 

West

 

Hub Acquires Western Assurance Corp. in New Mexico

Hub International Ltd. acquired the assets of Western Assurance Corp. in Albuquerque, New Mexico. Chris Williams, president of Western...
 

Washington Insurance Commissioner Accused of Mistreating Staff

Washington state Insurance Commissioner Mike Kreidler is facing allegations that he verbally mistreats staff and has grown increasingly...
 

Nevada Utility to Inspect Power Lines Near 2020 Reno Wildfire

Nevada's largest utility plans to inspect power lines near a Reno neighborhood where a 2020 wildfire destroyed five homes and damaged two...
 

Medical Access in California Workers' Compensation Examined

A new California Workers' Compensation Institute study shows injured workers' overall access to medical care for their initial treatment...
 
More West News »
 
 
 
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It's been over a decade since the last revision of the ISO Homeowners' program. Since then, lifestyles and exposures of many in America changed considerably.
 
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International & Reinsurance

 

Environmental Groups Sue TotalEnergies Over Climate Marketing Claims

A group of environmental organizations has filed a lawsuit in France against the country's largest energy company TotalEnergies, accusing...
 

Japan's Top Court Orders Damages of $12M for Fukushima Victims in Landmark Decision

Japan's Supreme Court upheld an order for utility Tokyo Electric Power (Tepco) to pay damages of 1.4 billion yen ($12 million) to about...
 

AIA Group Agrees to Buy Bank of East Asia's Non-Life Insurance Businesses for $278M

Bank of East Asia (BEA) said late on Friday it has agreed to sell its non-life insurance and healthcare services businesses to a unit of...
 

Re/Insurance Group Aventum Acquires Actuarial Consultant Mulberry Risk

Aventum, the London-based re/insurance group, has acquired Mulberry Risk, a boutique consultancy providing actuarial, analytical,...
 

Argo Group CEO Rehnberg Takes Health Leave; Bradley Assumes Role for Interim

Kevin J. Rehnberg, chief executive officer of Argo Group International Holdings Ltd., announced on March 2, 2022 that he would be...
 

People Moves: Lockton Hires Starr Cos.' Shephard for Aviation; Arch Promotes Bonneau; AXA XL Names Zhou, Lui as Energy U/Ws in Canada

This edition of International People Moves details appointments at Lockton, Arch Insurance International and AXA XL. A summary of these...
 
More International & Reinsurance News »
 
 

Insurance Journal Blogs and Columns

 

Choosing a Bond Producer for the Long Run

This post is part of a series sponsored by Old Republic Surety. How do contractors evaluate their surety bond producers? Old Republic...
 
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Research and Webinars

 
research

Beyond Burnout: Redefining Benefits for a New Era of Work

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

The 5 Critical Things You Need to Know about Growing Your Agency

Want to experience real growth at your agency? You might need to reconsider where you are focusing your attention. Some agents...
 
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...
 
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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