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Today's Headlines

 
September 26, 2022
 
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National

 

Marsh McLennan CEO Glaser to Retire; Doyle to Take the Reins in 2023

Marsh McLennan said today that John Q. Doyle will take over as president and CEO effective January 1, at which point current CEO Daniel...
 

Viewpoint: How Progressive's Relationship with 'The Robinsons' Could Be at Risk

Progressive offered a rare look inside their strategic playbook in a recent second quarter earnings report. Describing the firm's market...
 

Small Businesses Underestimate Recovery Time, Cost of Cyberattack

Nationwide Agency Forward survey showed 40% of small business owners surveyed expect a cyberattack to cost less than $1,000 and another...
 

A Week After Fiona, Just Over Half of Puerto Rico Has Power

A week after Hurricane Fiona swiped Puerto Rico, causing catastrophic flooding and knocking out power to the entire island of 3.1...
 

Deutsche Bank in $26.3M Shareholder Settlement Over Epstein, Russian Oligarch Ties

Deutsche Bank AG agreed to pay $26.25 million to settle a U.S. shareholder lawsuit accusing the German bank of lax oversight while doing...
 

NOAA: 6th Warmest August on Record

August 2022 was the world's sixth-warmest August in 143 years, according to scientists at NOAA's National Centers for Environmental...
 

Condo Market Spotlight

The insurance market for condos has always had its challenges with limited appetite in the marketplace to begin with but the post-COVID...
 

Dissatisfied Claimants Put Carriers at Risk of Losing $170B in Premiums: Accenture

A research report published last week found that one-third of claimants were not fully satisfied with their most recent...
 
More National News »
 
 
 
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East

 

Vermont Supreme Court Revives COVID-19 Business Interruption Insurance Claim

The Vermont Supreme Court has kept alive a COVID-19 business interruption loss claim by major shipbuilder against a group of reinsurers....
 

Maine Opts Out of $440M Multistate Settlement With Juul

Maine has opted out of a $440 million multistate settlement with electronic cigarette maker Juul Labs in objection to certain conditions....
 

Maryland Settles Dispute With Kushner Property Management Firm for $3.2M

A property management company owned by the family of former President Donald Trump's son-in-law, Jared Kushner, has agreed to pay a $3.25...
 
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Midwest

 

Michigan Dept. of Insurance to Hold Catalytic Converter Theft Prevention Event

The Michigan Department of Insurance and Financial Services (DIFS) is partnering with the National Insurance Crime Bureau (NICB), the...
 

Ohio Petrochemicals Company to Pay $1.1 Million for Clean Air Act Violations

The U.S. Environmental Protection Agency has announced a settlement with Altivia Petrochemicals LLC for alleged violations of the Clean...
 
More Midwest News »
 
 
 
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Safety in the Restaurant Industry
 
Restaurant owners face a lot of challenges running their businesses. Knowing the most common and dangerous injuries is the first step in preventing injuries.
 
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Southeast

 

Hurricane Ian Aiming for Florida's Big Bend Area; Property Losses Could be Significant

Florida's governor has declared a state of emergency for the entire state, days before a hurricane named Ian is expected to make...
 

Head-Injured Alabama Worker May Get Comp Claim, Despite Mediation Barring It

An electrician sustains a head injury on the job. He signs a mediation agreement absolving the employer of any workers' compensation...
 

North Carolina Insurance Dept. Takes Over Investigation Into Furniture Plant Fire

An investigation into a fire that destroyed a 40-year-old furniture upholstery business in North Carolina has been turned over to the...
 
More Southeast News »
 
 
 
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Secure Coverage in a Hardening Market
 
Tune in Wednesday to watch a lively discussion with 4 agency owners who've successfully used E&S markets to fill in the gaps left by non-renewals in a hard market.
 
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South Central

 

Mother Settles Suit Over Texas Arrest Caught on Camera

A Texas city has settled a federal civil rights lawsuit filed by a Black mother after she and her daughter were wrestled to the ground...
 

Louisiana Town Settles Dispute Over Fraudulent FEMA Claims

A Louisiana town is preparing to settle a 20-year dispute with the Federal Emergency Management Agency by making a repayment of $163,102....
 

Arkansas Machine Shop Sued for Sexual Harassment and Retaliation

Ranger Tool and Die, Inc. (Ranger), an industrial machine shop with locations in Paragould and Jonesboro, Arkansas, violated federal law...
 
More South Central 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

 

Marketing Sales Representative - V3 - Remote

 
 
 

West

 

Judge OKs $230M Settlement in California Oil Spill Case

A judge has approved a $230 million lawsuit settlement by the owners of a pipeline that spilled more than 140,000 gallons of crude oil...
 

Washington Roofers Face $1 Million-Plus in Fines for Reported Safety Violations

Two Washington roofing companies that landed on the Department of Labor & Industries' severe violators list face large fines for...
 

People Moves: Pinnacol adds Parham; Lockton Adds 2 in Northern California

Pinnacol Assurance in Denver, Colorado, named Wes Parham vice president of public affairs. Parham will have responsibility for...
 

Privacy Watchdog Suit Says California Utility Targeted Asians in Pot Searches

Extraordinary use of electricity has long been a telltale sign of illegal grow houses producing thousands of marijuana plants hidden in...
 
More West News »
 
 

International & Reinsurance

 

Global Financial Firms Reassess Risks of Operating in China if Taiwan Tensions Escalate

Global financial firms, still smarting from multi-billion dollar losses in Russia, are now reassessing the risks of doing business in...
 

Australia Plans to Toughen Privacy Rules After Massive Cyber Attack on Optus

Australia plans to toughen privacy rules to force companies to notify banks faster when they experience cyber attacks, Prime Minister...
 

Typhoon Noru Batters Philippines, Killing 5 and Leaving Millions Without Power

Typhoon Noru battered the Philippines' main Luzon island, killing five rescuers and leaving millions of people without electricity. The...
 

Hurricane Fiona Hits Nova Scotia as One of Region's Strongest Storms

Fiona, the most powerful storm of this year's Atlantic hurricane season, roared ashore in eastern Nova Scotia early Saturday as one of...
 

People Moves: Gallagher Promotes Raven to CEO of Energy Team; SiriusPoint Names Heerasing Active U/W of Lloyd's Syndicate; WTW Hires 3 Execs for Natural Resources

This edition of International People Moves details appointments at Gallagher, SiriusPoint and Willis Towers Watson (WTW). A summary of...
 
More International & Reinsurance News »
 
 

Insurance Journal Blogs and Columns

 

Adjuster Licensing and Your P&C Claims Processing Timelines

This post is part of a series sponsored by AgentSync. Hurricanes. Wildfires. Earthquakes. What do they have in common? If you're in the...
 
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Research and Webinars

 
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How to Design Products that Meet the New and Emerging Risks of Gig Workers

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...
 
research

Key Trends in Small Commercial Insurance Distribution

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

How to Continue Providing Coverage Solutions with Tightened Carrier Guidelines

Tune in for a lively discussion with four agency owners who have successfully used E&S markets to fill in the gaps left by...
 
research

AmTrust Safety Series: Restaurants

Restaurant owners face a lot of challenges running their businesses. Knowing the most common and most dangerous injuries is the...
 
More research and webinars »
 
 

Insurance Journal TV

 
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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...
 
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EP. 46: Deeper Roots: How the Latino Community Is Strengthening the Cyber Insurance Workforce

The root level is the highest permission level of access to a computer system, and most...
 
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