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August 11, 2022
 
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National

 

Cyber Insurance Gap Growing: Survey Report

According to a survey report released yesterday, not only are most North American businesses still not buying cyber insurance, but those...
 

Cisco Hit by Cyberattack From Hacker Linked to Lapsus$ Gang

Cisco Systems Inc. said it was the victim of a cyberattack in which a hacker repeatedly attempted to gain access to the Silicon Valley...
 

Gallagher Denied Restraining Order Against Alliant

District Court Judge Martha M. Pacold has denied Arthur J. Gallagher's request for a temporary restraining order against rival Alliant...
 

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 insurance claims...
 

Tadikonda Replaces Edmundson as CEO of Cyber MGA Corvus

Boston-based insurtech Corvus Insurance said Madhu Tadikonda will take over immediately as CEO, replacing founding CEO Phil Edmundson....
 

How Different is Lemonade?

Remember when Lemonade made a big splash, telling us that they were going to shake the whole insurance world and disrupt everything?...
 

Insurance Company Surplus — A Tiny Primer

I find that almost all agents and a high proportion of insurance carrier employees possess inadequate knowledge of insurance carrier...
 

Why I Trademarked the Term Nuclear Verdicts®

In October 2019, a Philadelphia jury delivered an $8 billion verdict against Johnson & Johnson for its improper...
 
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East

 

Jury Acquits Truck Driver in 2019 New Hampshire Crash That Killed 7 Motorcyclists

A jury on Tuesday acquitted a commercial truck driver of causing the deaths of seven motorcyclists in a horrific head-on collision in...
 

AM Best Revises Mid-Hudson Group Outlooks to Negative, Affirms Ratings

AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A- (Excellent) and the...
 

Providence Police Seek to Fire Officer After Video Shows Excess Force

A Rhode Island police department is seeking to fire an officer after video showed him smashing a handcuffed man's face into the pavement...
 

Runoff Specialist RiverStone Buying Vermont Captive Insurer Western P&C

RiverStone, the U.S. insurance runoff specialist of the Fairfax insurance group, announced a tentative agreement to acquire Western...
 
More East News »
 
 
 
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Midwest

 

North Dakota Resident Charged in ATV Insurance Fraud Scheme

The Cass County, North Dakota State's Attorney's office, in conjunction with the North Dakota Insurance Department, have brought charges...
 

Iowa Metal Manufacturer Settles $500,000 False Claims Act Lawsuit

A southwest Iowa company that makes metal castings used by military contractors in helicopters and other equipment has reached a...
 

Indiana House Explosion Leaves 3 Dead, 39 Homes Damaged

An explosion at an Evansville, Indiana house killed three people and damaged 39 houses, officials said Wednesday afternoon. Evansville...
 
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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

 

Florida Claims Litigation Dropped in July, but AOB Share Continues to Rise

The volume of claims litigation in Florida rose in June then declined in July by almost the same amount. But the share of cases that are...
 

Assistance Also Available for Renters in Flooded Eastern Kentucky

Federal assistance is available not just for homeowners, but also for renters whose homes and property were damaged by recent floods in...
 

Alabama Deputy Shoots Man Who Pointed Modified Flare Gun After Traffic Stop

An Alabama deputy shot and killed a man who pointed a modified flare gun at him after fleeing a traffic stop, law enforcement officials...
 

Higginbotham Adds Another with Acquisition of Holman in Georgia

Higginbotham, an independent insurance and human resources firm, has kept up its pace of steady growth with the recent acquisition of...
 

Miami PT Clinic Managers Convicted in Insurance Fraud Scheme

A Miami woman now living in North Carolina is awaiting sentencing after she was convicted of paying kickbacks and defrauding insurers of...
 
More Southeast News »
 
 

Insurance Jobs

 

Bowling Center Insurance Sales Agent (no joke!) Illinois/Wisconsin - Western Bowling Proprietors Insurance - Illinois or Wisconsin

 

Insurance Sales Representatives - Lakeview Household Insurance Solutions - Remote

 

Product Manager/ Senior Product Manager - WCF Insurance - Sandy, Utah

 

Commercial Lines Carrier Underwriter - 100% REMOTE - Work At Home Vintage Experts - Remote

 

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South Central

 

Texas Department of Insurance Warns of Scammer Posing as Employee

The Texas Department of Insurance (TDI) is urging consumers to be wary of phone calls or other communications from anyone claiming to be...
 

Louisiana Oil Spill Cleanup Underway After Tank Platform Collapse

An oil spill cleanup is underway at a site where an oil tank platform collapsed in a Louisiana bay, the Coast Guard said. The spill of...
 
More South Central News »
 
 

West

 

Arthur J. Gallagher Acquires Evergreen Insurance Managers in Oregon

Arthur J. Gallagher & Co.'s Risk Placement Services Inc. acquired Hillsboro, Oregon-based Evergreen Insurance Managers Inc. Dyan Bates,...
 

Kobe Bryant Crash Photos Lawsuit to be Heard by Los Angeles Jury

Kobe Bryant was one of the most photogenic sports figures in Los Angeles and images of him seen by millions around the world, smiling in...
 

Department of Labor Reopens Comment Period on Arizona's OSHA Plan

The U.S. Department of Labor's Occupational Safety and Health Administration is reopening the comment period for an additional 60 days on...
 

Coastal Washington Tribe Builds Tsunami Refuge Tower

There's a new option to escape a tsunami for people on the southwest coast of Washington. The Shoalwater Bay Indian Tribe dedicated a...
 
More West News »
 
 

International & Reinsurance

 

Historic Drought, Low River Levels Threaten to Cripple Trade Across Europe

In the midst of an arid summer that set heat records across Europe, the continent's rivers are evaporating. The Rhine -- a pillar of the...
 

Zurich Insurance Reports 25% Increase in H1 Operating Profit, Beating Expectations

Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the...
 

Wildfires Rage in France, Destroying Homes, Forcing Evacuation of Residents

Wildfires tore through the Gironde region of southwestern France on Wednesday, destroying homes and forcing the evacuation of 10,000...
 

UK Insurer Aviva Posts 14% Rise in H1 Operating Profit

Aviva plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in first-half...
 

UK's Aviva Gives Lower-Paid Staff £1,000 to Help Pay Soaring Energy Bills

UK insurer Aviva Plc is the latest financial firm to give some of its staff a one-time payment to help them with the cost-of-living...
 

BHSI Hires Kammermann for Exec & Professional Lines in Switzerland; Apollo Taps Beazley's Foster as Head of Property; MGA Aqueous Hires Hall as Development U/W

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Apollo Syndicate Management,...
 
More International & Reinsurance News »
 
 

Insurance Journal Blogs and Columns

 

How Different is Lemonade?

Remember when Lemonade made a big splash, telling us that they were going to shake the whole insurance world and disrupt everything?...
 
More Blogs »
 
 

Research and Webinars

 
research

Reducing Commercial Auto Risk Exposure for Incomplete Trucks via Accurate Data & Automation

It's likely that 65% of commercial trucks on your books are undervalued. Fortunately, insurtech can easily fix this by combining...
 
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...
 
research

Three Visions for Empowering Independent Agents

During the pandemic, Cake & Arrow conducted qualitative research with hundreds of gig workers and small business owners to...
 
research

Biometric Authentication Explained

In a digital world, how can you be sure that someone is who they say they are? Or that they even exist at all? This book from...
 
research

The Very Real Costs of Doing "Business As Usual"

AgentSync's Guide to the Price of "Business as Usual" in the Insurance Industry When an insurance organization considers adding...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 54: Economic Headwinds, Glut May Not Spare Booming Cannabis Insurance Business

Inflation and a superheated job market may be the nation's prevailing economic concerns, but a...
 
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EP. 43: How Should Insurers Be Thinking About Digital Privacy Post-Roe v. Wade?

The U.S. Supreme Court's June overturning of the 1973 Roe v. Wade decision protecting women's...
 
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