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Today's Headlines

 
May 23, 2022
 
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National

 

Average Age of US Cars Hits Record 12.2 Years in Fifth Straight Annual Increase

Cars on US roads are as old as they've ever been, potentially complicating efforts to expand the use of new safety and...
 

Data Breach-Related Securities Suit Filed Against Cyber Firm Okta

Following a trend in directors and officers litigation involving cybersecurity firms, Okta Inc. now faces a securities class action...
 

FDA Says Abbott Baby Formula Plant on Track to Reopen in 1-2 Weeks

Abbott Laboratories and the U.S. Food and Drug Administration are on track to reopen Abbott's baby formula manufacturing plant in...
 

3M Ordered to Pay $77.5 Million to Veteran in Latest Earplug Trial

A jury in Pensacola, Florida federal court on Friday ordered 3M Co. to pay $77.5 million to a U.S. Army veteran who said he suffered...
 

Costlier Errors: Legal Malpractice Claims Severity Keeps Rising

Almost all insurers that participated in a recent survey said they have been involved with a lawyers professional liability insurance...
 

Global Power Grids Face Biggest Test in Decades With Summer Blackouts Expected

Global power grids are about to face their biggest test in decades with electricity generation strangled in the world's largest...
 

Employers Adapting to New World of Worries

Insurers Seek Policies on Diversity, Pay Equity, Social Media, COVID, Even Facial Scans The past few years have been filled with newer...
 

Insurers Hire More Trial Lawyers Now

As the pandemic continues to wind down, and with jurors finally starting to return to large metropolitan courthouses...
 
More National News »
 
 
 
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East

 

YES and No: New York's Yankees Network Sues Insurer to Recover COVID Losses

Yankees Entertainment and Sports Network (YES), the broadcasting company for the New York Yankees, New York Nets and other area sports...
 

Forest Fire in Northern New Hampshire Nearly Contained

CONWAY, N.H. -- A forest fire in northern New Hampshire that's burned 106 acres was nearly contained, officials said Friday. The Bemis...
 

Man Who Sued InfoWars' Jones Among Victims of Massachusetts Fire

One of the four people who died in a fire at a Massachusetts apartment building last weekend had filed a defamation lawsuit against...
 
More East News »
 
 
 
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Worker Safety Tips
 
AmTrust's Loss Control department offers 22 helpful tips to keep safety top of mind through the seasons in 2022 - and beyond.
 
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Midwest

 

People Moves: Holmes Murphy Adds Boberg in Minneapolis; Hershey Promotes Sinutko to VP of Commercial Lines

Holmes Murphy Adds Tim Boberg as Property Casualty Market Leader of Minneapolis Team Holmes Murphy named Tim Boberg as the Property...
 

Minnesota College Student Awarded $111M in Personal Injury Case

A federal jury in Minnesota has awarded a college student more than $111 million in damages after concluding negligent care of his...
 

Rare Northern Michigan Tornado Kills 2, Injures More than 40

Roofs and walls on a busy business stretch were turned to tangled rubble. Mobile homes were destroyed. Tornadoes are so uncommon in...
 
More Midwest News »
 
 
 
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Southeast

 

Florida DFS Posts Autopsy Reports on 18 Insolvent Insurers, 2012-2017

A week after a Florida news report pointed out that few people seem to know that post-insolvency autopsies are required by law, the state...
 

Grand Jury Indicts Former Georgia Insurance Commissioner Oxendine on Fraud Charges

A former Georgia insurance commissioner has been indicted on federal charges related to an alleged health care scheme. A federal grand...
 

Hearing Scheduled on Damages Owed by Mississippi Ex-Cop Who Killed Mother of Four

A former Mississippi police officer who shot and killed a sleeping woman should pay her four children a quarter-million dollars each for...
 

Florida Insurance Groups Divided on Proposed Special Session Bill

Florida's insurance community appears to be split, at least to some degree, on the impact that two draft bills will have on the property...
 
More Southeast News »
 
 
 
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South Central

 

People Moves: Alliant Adds Chenoweth in Texas; Stonetrust Names Contreras, Boman to Underwriting Team

Alliant Insurance Services Adds James Chenoweth to Mergers & Acquisitions Group Alliant Insurance Services added James Chenoweth in the...
 

Texas Division of Workers' Comp Accepting Public Comment on 3 Forms

The Texas Department of Insurance, Division of Workers' Compensation (DWC) announced it is accepting public comments on three proposed...
 
More South Central News »
 
 

Insurance Jobs

 

Commercial Lines Underwriter II - Frederick Mutual Insurance Company - Frederick Maryland

 

Underwriting Assistant - Frederick Mutual Insurance Company - Frederick Maryland

 

Business Development Representative (InsurTech) - DataCrest, Inc. - Remote

 

Product Analyst - Coverys - Boston, MA; East Lansing, MI; Omaha, NE or Remote

 

Insurance Broker Property and Casualty - Undisclosed - Nassau County, NY

 
 
 

West

 

New Mexico Wildfire Evacuees Worry About Their Future

As more than 2,700 firefighters in northern New Mexico continued to battle the nation's largest active wildfire on Sunday, many evacuees...
 

New Mexico Court Upholds $165M Damage Awards in FedEx Crash

The New Mexico Supreme Court upheld $165 million of jury awards against FedEx in a wrongful-death lawsuit stemming from a deadly crash...
 

Spring Colorado Snowstorm Knocks out Power for 210K

A late spring Colorado snowstorm dumped several inches in the Denver metro area Saturday and knocked out electricity for about 210,000...
 

NTSB Says Cause of Arizona Helicopter Crash Still Uncertain

Federal authorities investigating a fatal crash last month near Phoenix say the helicopter went into a near vertical descent for unclear...
 
More West News »
 
 

International & Reinsurance

 

Memo to Brokers: Stick With Loyal Insurers/MGAs, Price Isn't the Only Differentiator

Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model...
 

Volkswagen Targeted in Court Case That Seeks to Eliminate Polluting Cars by 2030

First it was oil giant Shell Plc, now it's the turn of Europe's biggest carmaker. In the wake of a landmark Dutch ruling a year ago which...
 

Swiss Re and UBS Among Founding Buyers of Credits From Carbon Removal Scheme

Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive...
 

HSBC Banker Suspended After Playing Down Financial Risks of Climate Change

UK pension schemes should not ignore climate change, a senior executive at The Pensions Regulator said on Monday, the first watchdog to...
 

Insurer Aspen Completes $3.12B Loss Portfolio Transfer With Run-Off Specialist Enstar

Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, has completed a previously announced loss portfolio transfer...
 

Insurer FWD Wins Approval for Hong Kong IPO

FWD Group Holdings Ltd., the Asian insurer backed by Hong Kong billionaire Richard Li, has won approval for its planned initial public...
 

Global Power Grids Face Biggest Test in Decades With Summer Blackouts Expected

Global power grids are about to face their biggest test in decades with electricity generation strangled in the world's largest...
 

British Insurance Brokers' Assn., Allianz Create Digital Guide to Combat Underinsurance

The British Insurance Brokers' Association (BIBA) and Allianz have developed a digital guide to support brokers in helping their...
 

People Moves: Guy Carpenter Names N. America GC Access Exec Team; Marsh Promotes Perry for Political Risk & Structured Credit; WTW's Hodgkinson to Join BMS Asia

This edition of International People Moves details appointments at three brokers: Guy Carpenter, Marsh and BMS. A summary of these new...
 
More International & Reinsurance News »
 
 

Research and Webinars

 
research

The Power of a Network Partnership for Independent Agents

Increasing numbers of new agency owners, existing independents, and former captive agents are looking to join agency networks to...
 
research

Behind the Scenes of the Fastest Home & Auto Rollout in Modern Insurance History

Branch Insurance expanded into 14 states in just 1 year. Tune in live on June 22 at 10am Pacific for a behind-the-scenes look at...
 
research

Minimize Compliance Costs with Automation

Wasting time on repetitive producer management tasks is limiting your ability to grow quickly. Read this whitepaper from...
 
research

Navigating a Sea of Uncertainty: 5 Reasons to Select a Cargo Policy

Port accumulation and trans-shipment delays. Extreme weather events. Fires at sea. These are just a few interconnected yet...
 
research

Current Trends and Emerging Threats for Underwriters and the Cyber Insurance Market

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

Insurance Journal TV

 
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EP. 48: Growing Cannabis Lounge Buzz Across U.S. Cities Calling to Insurers

Several insurance professionals who specialize in cannabis are getting more calls about...
 
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EP. 37: Riding the Wave of InsurTech 3.0: What It Takes to Not Just Survive, But Thrive

As the InsurTech industry approaches the next wave of innovation, experts say this could mean...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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