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Today's Headlines

 
February 3, 2022
 
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National

 

Q4 Net Income Drops 50% for Allstate on Higher Auto Claims

Allstate Corp. said fourth quarter 2021 net income plummeted 50% compared to results of the prior year quarter as auto claim frequency...
 

Traffic Fatalities Continue on Record Pace But Not in All States

The number of U.S. traffic deaths surged in the first nine months of 2021 to 31,720, the government reported Tuesday, keeping up a record...
 

Kemper Eyes Rate Hikes, Agency Cancellations to Regain Footing After Q4 Fall

Kemper Corp. said it is taking rating and other actions, including canceling some agents, as it seeks to recover from inflation-riddled...
 

FAA Expects Addressing Safety Issues to Cause Only 'Minimal Disruptions' to Air Travel

The Federal Aviation Administration (FAA) is confident that aviation safety concerns about 5G C-Band deployment will be addressed "safely...
 

Sacklers Close to Agreement Increasing Opioid Settlement in Purdue Bankruptcy

Members of the Sackler family who own Purdue Pharma LP are nearing an agreement to boost their more than $4 billion offer to resolve...
 

Last Chance: Share Your Thoughts on Agency Compensation Trends Now

Tomorrow is the last day to participate in Insurance Journal's annual Agency Salary Survey. Survey respondents receive a complimentary...
 

Global Commercial Insurance Rates Keep Moderating, With Exception of Cyber: Marsh

Global commercial insurance prices increased 13% in the fourth quarter of 2021, a decline from the 15% increases seen in both the second...
 

Despite Mitigation, Cyber Attacks, Rate Hikes to Continue in 2022

As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a...
 

AM Best Answers Questions as DUAE, MGA Assessments Go Live

It is not a credit rating. It will not impact an insurer's financial strength rating. Those were two of the answers that...
 
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East

 

Town Not Liable in Drowning of Handcuffed Teen, Says Delaware Court

A federal appeals court has upheld a judge's ruling that police in a small southern Delaware town had no constitutional duty to rescue a...
 

Hilb Group Acquires New York's Malvaso Agency

The Hilb Group reports it has acquired the Mark E. Malvaso Agency, building upon the company's presence throughout New York state. The...
 

Maine Diocese Deems Abuse Allegations Against 2 Priests Credible

Complaints alleging that two priests sexually abused children in the 1950s and 1970s have been deemed credible by the Roman Catholic...
 
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Insurance Jobs

 

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Midwest

 

Explosion at Ohio Granite Business Leaves 1 Dead, 2 Injured

An explosion early Jan. 31 at a northeastern Ohio granite business left one man dead and two women injured, authorities said. The blast...
 

Aon Launches Cannabis-Focused Management Liability Program Greensite

Greensite Insurance Services, an Aon speciality insurance program, has launched a cannabis management liability program tailored toward...
 

Eighth Circuit: Insurer Has No Duty to Defend Janitorial Service Workplace Discrimination Suit

The United States Court of Appeals for the Eighth Circuit said that an insurer does not have to provide coverage to a St. Louis, Missouri...
 
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Southeast

 

State Farm Charges Chiro Clinics with Fraud in Gaming Florida's PIP Law

In a federal lawsuit filed this week, State Farm Insurance accuses a chiropractor and his string of Florida clinics of widespread fraud...
 

Allied Asks Court to Bar Coverage for Florida Law Firm in Condo Collapse

The insurer for a South Florida law firm that represented the collapsed Surfside condominium - lawyers known for fighting off attempts to...
 

Oakbridge Acquires Another Georgia Agency

Oakbridge Insurance Agency, a large regional independent agency, announced its further expansion into Georgia with the acquisition of...
 
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South Central

 

TWIA Board Chooses Aon For Catastrophe Modeling

The Texas Windstorm Insurance Association Board voted Feb. 2 to select Aon to perform catastrophe modeling analysis to satisfy the...
 

Technical Risk Underwriters Adds Wood Frame Builder's Risk Capacity

Austin, Texas-based Technical Risk Underwriters, a Ryan Specialty Group managing general underwriter focused on construction, has secured...
 

More Than 1,000 Flights Canceled as Winter Storm Threatens Heavy Snow, Ice

Airlines canceled hundreds of flights, governors urged residents to stay off roads and schools closed campuses as a huge swath of the...
 
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West

 

Idaho Coronavirus Liability Shield Extension Bill Heads to Senate

Legislation headed to the Idaho Senate on Monday to extend a legal shield for Idaho businesses, schools and government entities from...
 

Colorado Lawmakers Make First Pass on Wildfire Bill

Colorado lawmakers passed a bill to increase wildfire mitigation efforts, just a month since a devastating fire tore through suburbs...
 

M.J. Hall in California Introduces D&O, EPL and FL Cannabis Coverage

San Francisco, California-based M.J. Hall & Co. is introducing directors and officers liability, employment practices liability and...
 

People Moves: LP Adds Heuer; Woodruff Sawyer Names Meissner Leader of Southern California Employee Benefits

LP Insurance Services LLC named Adam Heuer and the Heuer Insurance Agency to the LP Insurance Services team. Heuer joins LP Insurance as...
 

Cruise Offering Public First Driverless Rides in San Francisco

Autonomous vehicle taxis are up and running in San Francisco and the public has been invited to try one out. Employees of General Motors...
 
More West News »
 
 

International & Reinsurance

 

Hackers Target Key Fuel-Distribution Firms in Europe

Europe's fuel-supply network fell victim to a cyberattack -- less than a year after the biggest refined petroleum pipeline in the U.S....
 

Giant Maersk Container Ship Runs Aground in North Sea

One of the world's biggest container ships, the Mumbai Maersk, has run aground off the German island of Wangerooge in the North Sea,...
 

Crypto Platform Wormhole Says 'Funds Are Safe' After Hackers Steal $320M

Cryptocurrency platform Wormhole said on Thursday that "all funds are safe" after hackers stole more than $320 million from its site in...
 

UK Snack Company Hit by Ransomware Attack, Which Could Cause Delivery Delays

Hackers are hitting Britain where it hurts by targeting some of its favorite savory snacks, with the likes of Hula Hoops, KP Nuts,...
 

Life Insurance Corp. of India's Embedded Value Set at More Than $66.8B: Gov't Official

NEW DELHI - State-run Life Insurance Corp. of India's (LIC) embedded value has been finalized at more than 5 trillion rupees ($66.82...
 

Generali Asks Italian Regulators to Review of Tycoons' Stake-Building

Assicurazioni Generali SpA requested regulators to assess whether the stakes purchased by a shareholder group including construction...
 

Oil Production Vessel Explodes Off Coast of Nigeria

An oil production ship exploded off the coast of Nigeria in what may prove to be the nation's second major environmental setback in three...
 

People Moves: Catalina Appoints ERS' Parker as CEO; WTW Hires Aon's Grimwade for D&F Team; BMS Names Former Aon Exec Matheson as Canada Chairman

This edition of International People Moves details appointments at legacy acquisition specialist Catalina Holdings (Bermuda), Willis...
 
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Research and Webinars

 
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The Ultimate Tax Savings Guide For Insurance Agents

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Risk Management Checklist: Are you helping your clients navigate their critical areas of risk?

Use this tool to keep track of all the areas of risk your clients might be exposed to and ensure you're helping cover them all....
 
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4 Agents Share Success Moving Out of Their Comfort Zones

Independent agents and dedicated agents looking to transition to an independent career have a lot to contemplate when...
 
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Small Business Safety and Health Handbook

Small business owners want to ensure their workers go home safe and healthy at the end of the day. However, small businesses...
 
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The Connected Insurance Agent Advantage

Discover how agents can use modern communication tools to personalize their experience at scale. As the face of insurance...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 41: More M&As, Cannabis 'Frappucinos' on Tap for 2022

New Frontier Data, a producer of cannabis research and intelligence, released its "22 for 22...
 
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EP. 30: Insurers Grapple With Uncertainty Around Catastrophic Cyber Risk

Much uncertainty exists around catastrophic cyber threats, and for an industry so focused on...
 
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