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Today's Headlines

 
October 3, 2022
 
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National

 

Verisk: Up to $57B Insured Losses from Hurricane Ian

Insured losses from Hurricane Ian to onshore property will be between $42 billion and $57 billion, with much of the damage - $38-51...
 

Peloton, Lululemon Settle Lawsuit Over Women's Apparel Line

Peloton Interactive Inc. has reached a settlement of a lawsuit in which Lululemon Athletica Inc. accused the exercise bike maker of...
 

U.S. Homeowners Line 'Stable' but Weather Events Present Uncertainty: AM Best

A day after Hurricane Ian hit Florida as a Category 4 storm Sept. 28, AM Best released its scheduled market segment report of the U.S....
 

National Flood Insurance Program Extended to Mid-December

Late last week President Joe Biden signed legislation passed by Congress to extend the National Flood Insurance Program's authorization...
 

Social Media Company Liability Draws US Supreme Court Scrutiny

The US Supreme Court will decide whether social media companies can be sued over targeted content recommendations, agreeing to hear an...
 

Judge Dismisses Mexico Lawsuit Against Gun Manufacturers

A U.S. federal judge on Friday dismissed a lawsuit brought by the Mexican government against U.S. gun manufacturers arguing their...
 

KCC Estimates Near $63B in Hurricane Ian Insured Losses

Catastrophe modeler Karen Clark & Company (KCC) late Friday said the firm estimates insured losses from Hurricane Ian will near $63...
 

Hotel Industry Pushes Through as Insurance, Economic Uncertainty Builds

A busy summer travel season provided a much-needed boost to the hotel industry but rising insurance costs and other economic factors...
 

Hurricane Ian Recap: Some Early Loss Estimates Surpass $60 Billion

Between the time Tropical Storm Ian moved from Florida on Thursday evening and the time it centered as a post-tropical...
 
More National News »
 
 
 
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East

 

New York Surgeon Pleads Guilty to Participating In $31M Trip-and-Fall Fraud

A New York doctor last week pled guilty to performing unnecessary surgeries as part of a scheme by doctors and lawyers to obtain...
 

Jury Says Funeral Home Must Pay $5.5M for Not Refrigerating Bodies

A funeral home operator accused of leaving bodies unattended without refrigeration must pay $5.5 million to the daughter of a man whose...
 

Jurors to Decide Damages Amount in Sandy Hook Defamation Suit

After watching days of testimony that included the parents of slain children breaking down on the witness stand, a Connecticut jury soon...
 
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Midwest

 

Wisconsin Man Awarded $1.1 Million in Police Excessive Force Settlement

A 20-year-old Madison man should be awarded $1.1 million in a settlement agreement after surveillance video showed police repeatedly...
 

Chinese Billionaire Settles Minnesota Rape Allegations

Chinese billionaire and JD.com founder Richard Liu agreed to settle a lawsuit filed by a former University of Minnesota student who...
 
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Southeast

 

Video Shows Ian Storm Surge Devastated Part of Florida; Losses Mounting

FORT MYERS, Fla. - Dave Lusk, who lives on San Carlos Island, sandwiched between Fort Myers and devastated Fort Myers Beach, Florida,...
 

Ian Again Shows the Risks and Costs of Living on Barrier Islands

When Hurricane Ian struck Florida's Gulf Coast, it washed out the bottom level of David Muench's home on the barrier island of Sanibel...
 

Analysis Shows Climate Change Increased Ian's Rainfall Amounts by 10%

Human-induced climate change, long denied by some elected officials in the states pounded by Hurricane Ian, made the storm's most extreme...
 
More Southeast News »
 
 

Insurance Jobs

 

Account Manager - First Baldwin Insurance - Foley, Alabama

 

Commercial Lines Underwriter - American Property Insurance Company - Eatontown, New Jersey

 

Property Claims Adjuster (Property & Casualty) - Electric Insurance - Remote

 

Excess Lines Underwriter - WH Greene & Associates - East Aurora, NY

 
 
 

South Central

 

Mississippi River Low Water Level Threatens Barge Traffic

Parts of the Mississippi River are so low from weeks of drought that barge traffic is being limited at the worst possible time -- as crop...
 

Ex-Health Executives Plead Guilty in Arkansas Fraud Case

Two former executives of a Missouri health nonprofit have pleaded guilty to their roles in a corruption scheme that ensnared several...
 
More South Central News »
 
 

West

 

Takeaways from Our Conversation on Cannabis Risk Management

Some organizations view risk management as merely slowing down and planning before proceeding, while others make it a key organizational...
 

Confie Acquires CoWest Insurance Group in Colorado

Confie acquired Colorado-based CoWest Insurance Group and the firm's 30 insurance agency network. The acquisition underscores Confie's...
 

Ex-PG&E Execs Paying $117M To Settle California Wildfires Lawsuit

Former executives and directors of Pacific Gas & Electric have agreed to pay $117 million to settle a lawsuit over devastating 2017 and...
 

California Workers' Comp Written Premium up 27% in First Half of 2022

The Workers' Compensation Insurance Rating Bureau of California released its Quarterly Experience Report, which reflects an increase in...
 
More West News »
 
 

International & Reinsurance

 

EU Proposes Exempting Maritime Pilot Services From Russia Oil Ban

The European Union proposed making so-called pilot services exempt from sanctions targeting the transfer of Russian oil that are set to...
 

Chinese Hackers Suspected in Tampering With Comm100's Client-Chat Program

Suspected Chinese hackers tampered with widely used software distributed by a small Canadian customer service company, another example of...
 

Optus' Parent Company Singtel Assesses Potential Cost of Australia Data Breach

Singapore Telecommunications said on Monday it was assessing the potential cost of a massive cyber-security breach at its Optus arm,...
 

Generali Weighs Deal With U.S. Asset Manager Guggenheim Partners

Assicurazioni Generali SpA is exploring a deal with US investment firm Guggenheim Partners to bolster its asset management business,...
 

Insurtech Lemonade Launches in UK

Lemonade, the New York City-based insurer that is powered by artificial intelligence, has launched in the United Kingdom, following...
 

Russia May Start Providing Trade Finance to Importers of Its Grain: Agriculture Minister

Russia may start providing trade finance to importers of its grain as sanctions imposed on Moscow since it sent troops to Ukraine affect...
 

Indonesia Soccer Stampede Kills at Least 131 as Police Use of Tear Gas Questioned

At least 131 people died after police fired tear gas to dispel rioters at a soccer match in Indonesia, triggering a stampede as fans...
 

People Moves: Canopius Names QBE's Corrigan as Head of Change; Howden Taps AXA XL's Lutgen as COO, Europe; IGI Hires Canopius' Jarvis as CUO

This edition of International People Moves details appointments at re/insurers Canopius Group and International General Insurance...
 
More International & Reinsurance News »
 
 

Research and Webinars

 
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How to Leverage Intermediaries to Build Trust with Customers from the Ground Up

Since the onset of the pandemic, work has undergone an unprecedented transformation, with new norms, attitudes, and expectations...
 
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Insurance Solutions to Get Your Team to Sell Faster

Are you losing revenue while waiting for onboarding, licensing, and compliance? Your distribution workforce is the front line of...
 
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How Investments in Digital Can Achieve Big Results in Small Commercial Insurance

The State of the Market, Innovation and Where Everyone's Headed Next The small commercial insurance market went through a...
 
research

How Underwriters Analyze the Risks Associated with Pull Cords at Senior Living Facilities

One of the selling points for senior living facilities is the promise of easy access to assistance in an emergency. To that end,...
 
research

Learn What’s Driving Underwriting Decisions on D&O Policy Renewals

While general economic factors are always relevant to insurance pricing, in the current market, underwriters of D&O policies...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 47: How to Avoid Being a 'Sitting Duck' During a Disaster-Related Ransomware Attack

Atlantic Hurricane Season, which runs from June 1 through November 30, had a slow start this...
 
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EP. 57: Culture and Discipline Are Cannabis' Next Steps to Profit Through Risk Management

"Cannabis needs one thing right now, and that's profitability." That may sound like a strange...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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