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Today's Headlines

 
August 25, 2022
 
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National

 

State Farm to Pay $100 Million to Federal Government for Hurricane Katrina Claims

State Farm Fire and Casualty Co. and two former claims-adjuster sisters, who more than 16 years ago filed a lawsuit claiming the insurer...
 

Weather Whiplash: Summer Lurches From Drought to Flood

Parts of northern Texas, mired in a drought labeled as extreme and exceptional, are flooding under torrential rain. In a drought. Sound...
 

Amazon Keeps Growing, and So Does Its Cache of Data on You

From what you buy online, to how you remember tasks, to when you monitor your doorstep, Amazon is seemingly everywhere. And it appears...
 

With a Few Exceptions, Personal Insurance Shopping Subdued in Q2 2022

Auto insurance shopping was down 3% overall in Q2 2022 compared to Q2 2021. That trend was primarily driven by a significant decrease by...
 

Kobe Bryant's Widow, Friend Win $31 Million in Trial Over Leaked Crash Photos

Kobe Bryant's widow and a family friend were awarded $31 million in damages by a jury for distress they've suffered over the sharing of...
 

Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers' H1 Profits

U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing...
 

Green Building Investments Reach New Heights But Can Carrier Capacity Keep Up?

Increased interest in creating more energy efficient, resilient buildings is expected to fuel growth in the green construction industry,...
 

How to Avoid Ghosting: Hiring Trends and Advice for Insurers

Property/casualty insurance carriers looking to hire talent in 2022 need to move quickly to snap up in-demand...
 
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East

 

Erie Insurance Launches Venture Capital Fund

Pennsylvania-based Erie Insurance has launched Erie Strategic Ventures to invest in innovations in risk avoidance, claims, underwriting,...
 

Firefighter Sues Rochester Over Party Couple Defends as 'Anti-Liberal' Not Racist

ROCHESTER, N.Y. --A Rochester couple who a Black firefighter accused of throwing a racist pool party this summer mocking the Juneteenth...
 

Hub Acquires Winter Harbor Agency in Massachusetts

Global insurance broker Hub International reports it has acquired the assets of Winter Harbor Insurance Group. Located in Woburn,...
 

Gas Vapors Caused Cape Cod Marina Fire That Ruined 6 Buildings, 47 Vehicles, 14 Boats

Gasoline vapors ignited by spark during a gas tank replacement project on a boat was the likely cause of a major fire at a Massachusetts...
 

OSHA Cites Maryland Contractor for 136 'Willful, Repeat, Serious' Safety Violations

A Maryland residential framing contractor - cited for 136 willful, repeat, serious and other violations in 20 workplace safety...
 
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Midwest

 

Highstreet Acquires Michigan's Paragon Underwriters

Highstreet Insurance Partners has acquired Michigan-based Paragon Underwriters. Paragon Underwriters is a program manager that focuses...
 

Judge Dismisses Former Nebraska Officer's Discrimination Lawsuit

A judge has dismissed the discrimination lawsuit of a former Lincoln, Nebraska Police Department spokeswoman, saying her allegations did...
 
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Insurance Jobs

 

P & C Insurance Service Representative - South Shore Insurance - 760 S Calumet Rd Chesterton, In

 

Cost Containment Specialist - The Benefit Group - (Onsite)Omaha, NE

 

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

 
 
 

Southeast

 

UPC Gives up the Ghost, Now in Orderly Run-Off in Florida, Louisiana, Texas and NY

United Property & Casualty Insurance Co., facing heavy losses, in July put out feelers for a potential sale or merger with another...
 

Georgia Insurance Agent Charged with Keeping Premium Refund Checks

A Georgia insurance agent is facing additional charges after she was arrested in July for allegedly keeping premium refund checks that...
 

NCCI Recommends 8.4% Cut in Florida Workers' Comp Rates for 2023

The National Council on Compensation Insurance is recommending an average 8.4% cut in workers' compensation rates for the Florida...
 

Baldwin Risk Partners Donates $5M to USF for Insurance Program

Tampa-based Baldwin Risk Partners Group and the family behind it this week announced a $5 million gift to the University of South Florida...
 
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South Central

 

Louisiana Dept. of Insurance Fines Public Adjuster Accused of Pocketing Insurer Payouts

The Louisiana Department of Insurance has ordered a Texas father-and-son public adjusting team to pay a $50,000 fine for pocketing money...
 

Arthur J. Gallagher & Co. Acquires Louisiana-Based Watkins

Arthur J. Gallagher & Co. today announced the acquisition of Alexandria, Louisiana-based Watkins Insurance & Benefits, LLC, dba Watkins...
 

Dallas Storm Causes 'Nominal' Claims Despite Near-Historic Rainfall

A 1,000-year rain event that brought 10 or more inches of rainfall to parts of North Texas early this week has led to roughly 3,500...
 
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West

 

Lawsuit Says Electrical Equipment Sparked Deadly California Wildfire

The daughter of a 76-year-old man killed last month when California's deadliest wildfire so far this year swept through a remote town has...
 

Brink's Driver Was Asleep During California Jewelry Heist, Lawsuit Says

One of the drivers of a Brink's tractor-trailer was asleep inside the big rig, parked near a remote Southern California rest stop earlier...
 

Walmart Ordered to Pay Oregon Man $4.4M for Racial Profiling

A Multnomah County grand jury has ordered Walmart to pay $4.4 million in damages to a man who sued the store, saying he was racially...
 

Record-Setting Wildfire in New Mexico Declared Contained

More than four grueling months and $300 million later, the federal government has declared the largest wildfire in New Mexico's recorded...
 
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International & Reinsurance

 

Russian Coal Exports Effectively Halted by EU Ban, With Re/Insurance as Key Factor

Russian coal exports were effectively halted by a European Union ban on entities within the 27-nation bloc servicing shipments of the...
 

Europe's Record-Breaking Summer Heat Wave Will Be the Norm by 2035: Report

Europe's record-breaking heat wave will be just an average summer in less than 15 years -- even if countries meet their climate goals --...
 

Indian Ocean Off Coast of Somalia to Lose 'High-Risk Area' Designation as Piracy Drops

The global shipping industry agreed to declassify the Indian Ocean coastline off Somalia as a "high-risk area" following years of...
 

Gas Producer Santos Faces New Climate Claim in Landmark Greenwashing Case

Activists mounting one of the world's first legal challenges over corporate greenwashing have expanded a case against gas producer Santos...
 

People Moves: CNA Hardy Taps Zurich's Crew, Chubb's Devenish for Mgmt Liability; Aon Strengthens Capital Advisory Unit to Drive Legacy Reinsurance Growth

CNA Hardy Taps Zurich's Crew, Chubb's Devenish for Management Liability Team CNA Hardy has appointed Edward Crew as senior technical...
 
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Insurance Journal Blogs and Columns

 

I'm Over Seeking Work/Life Balance

I'm over seeking work/life balance. Is that ok to tell you? Too late, I guess. Here's the deal. When I was in college (in my late 20s), I...
 
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Research and Webinars

 
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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...
 
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Online Review Best Practices for Agents

In today's insurance landscape, your online reputation is critical. This guide has everything you need to grow your online...
 
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This Resource Can Help You Find Carriers and Coverage When Your Standard Carriers Say NO

Are you an independent agent or a dedicated agent who is struggling to find carriers and coverage for your clients? This webinar...
 
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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...
 
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A Data-Driven Guide to Improving Workplace Safety

Data and analytics not only help develop preventative safety measures, but predictive safety measures as well. See how leading...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 55: Cannabis Investing Pro Explains Confusing Market, Offers Tips

Many of our listeners may be insurance brokers, carrier executives, claims managers, lawyers,...
 
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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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