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Today's Headlines

 
January 20, 2022
 
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National

 

Shock Rejection of Purdue Pharma Opioid Deal Raises Scrutiny by Bankruptcy System

The surprise rejection of Purdue Pharma LP's sweeping opioid settlement is already reverberating through the rest of the bankruptcy...
 

Travelers Sets Some Records with Q4 Results

Insurer Travelers reported a quarterly profit of $1.3 billion, an increase of $23 million and a record for the fourth quarter that was...
 

Criminal Indictments Are Major -- But Not Only -- Tool of U.S. Cyber Defense Agencies

The FBI and other federal agencies are increasingly looking to counter cyber threats through tools other than criminal indictments, the...
 

Transportation Safety Chief Objects to Use of Driver Error Statistic

With traffic fatalities spiking higher, the nation's top safety investigator says a widely cited government statistic that 94% of serious...
 

U.S. Airlines Report Only Minor Disruption From 5G Deployment

U.S. airlines said on Wednesday the rollout of new 5G services was having only a minor impact on air travel as the U.S. Federal Aviation...
 

Loss Experience Drives Prices During January Reinsurance Renewals: Fitch

Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price...
 

Agents Need E&S Markets Now, More Than Ever

Insurance rates are rising, capacity is shrinking, and carriers are tightening their underwriting requirements. As a result, agents must...
 

How to Build an InsurTech to Cover Startups

Back in 2015, after working more than 15 years on the underwriting side of the property/casualty insurance business,...
 
More National News »
 
 
 
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East

 

New Jersey Governor Signs Auto Insurance Bad Faith Bill Into Law

New Jersey Gov. Phil Murphy has signed into law a bill that proponents have said makes the auto insurance claims process fairer for...
 

Former New York Post Editor Alleges Harassment, Retaliation

A New York Post editor whose departure was announced Tuesday alleged she was fired two months after revealing to an executive that former...
 

New York Contractor Underreported Payroll by 89 Workers, DA Says

A Congers, New York, contractor has been arrested after he was indicted on insurance fraud charges for allegedly underreporting his...
 
More East News »
 
 

Insurance Jobs

 

Sales Representative/ Insurance Carrier - National General Insurance [An Allstate Company] - Colorado - Remote/ Work from Home

 

Insurance Underwriter - New Energy Risk - San Francisco Bay Area

 

Small Business Account Manager - Plastridge Insurance - Delray Beach, FL/Remote/Hybrid available

 

Sales Executive & Business Owner - Premium Finance Brokerage, LLC - Nationwide

 

Client Service Advisor - National Real Estate Insurance Group - Kansas City, MO metro area

 
 
 

Midwest

 

Group Delivers Whistleblower Documents on Wisconsin Clergy Abuse

An advocacy group working to end clergy abuse in Wisconsin has delivered thousands of documents from Wisconsin's five Catholic dioceses...
 

U. of Michigan Reaches $490M Settlement Over Sexual Abuse

The University of Michigan has agreed to a $490 million settlement with more than 1,000 people who say they were sexually assaulted by a...
 

Wisconsin Senior Apartment Building Fire Kills 3

Three people have died as a result of a fire at a senior apartment building in southeastern Wisconsin that also injured several others,...
 
More Midwest News »
 
 

Southeast

 

Appeals Court Clears The Hartford on Most BP Oil Spill Cleanup Workers' Injury Claims

Navigators Insurance, part of The Hartford, does not have to cover most medical and injury claims from 2,000 workers who cleaned beaches...
 

Tennessee Jury Awards $9 Million to Man Who Sipped Cleaning Fluid at Restaurant

A Tennessee jury has awarded damages far above what the plaintiff asked for, after finding the Cracker Barrell restaurant company at...
 

Florida OIR To Hold Hearings Friday on Big Rate Increases for Three Carriers

Florida regulators will hold hearings Friday, Jan. 21, on another round of hefty rate hikes requested by property insurers facing losses...
 
More Southeast News »
 
 

South Central

 

Appeals Court Clears The Hartford on Most BP Oil Spill Cleanup Workers' Injury Claims

Navigators Insurance, part of The Hartford, does not have to cover most medical and injury claims from 2,000 workers who cleaned beaches...
 

Alera Group Acquires Texas-Based Heritage Risk Management

Alera Group, a national insurance and wealth services firm, has acquired Amarillo, Texas-based Heritage Risk Management, a network of...
 

Louisiana Food Preparer Settles $67K Racial Harassment Suit

A food preparer and retailer in Scott and Carencro, Louisiana, has agreed to pay a former employee $67,500 to settle a lawsuit brought by...
 

Houston Oil and Gas Exploration Companies to Settle $54,500 Disability Claim

Two oil and gas explor­ation companies -- Vantage Energy Services, Inc. and Vantage International Management Company Pte. Ltd. -- will...
 
More South Central News »
 
 
 
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West

 

PURE Launches Insurance Services in Idaho

Privilege Underwriters Reciprocal Exchange, a policyholder-owned property/casualty insurer, it is now serving Idaho. The move completes...
 

People Moves: Pinnacol Names Neppel Chief Investment Officer; Alliant Makes Krickl Vice President

Pinnacol Assurance named Jennifer Neppel chief investment officer. Neppel will succeed David Bomberger, who will retire on March 1 after...
 

Freeway Acquires Can-Do & Showers Insurance Agency in Idaho

Freeway Insurance, a division of Confie, acquired Can-Do & Showers Insurance Agency in Idaho. The acquisition is the first for Freeway...
 
More West News »
 
 

International & Reinsurance

 

In Both Hard and Soft Markets, Zurich Aims to Maintain Focus on Underwriting Discipline

Zurich Insurance Group has worked hard to turn around its financial results over the past five years by bringing underwriting back to the...
 

Investors Cannot Sue German Regulator for Wirecard Collapse, Court Rules

Investors who lost money from investing in Wirecard AG shares can't make Germany's financial regulator Bafin compensate them, a Frankfurt...
 

Oil Spill Caused by Massive Waves From Tonga Is 'Ecological Disaster' for Peru

An oil spill at a refinery in Peru during high waves caused by the explosion last weekend of a volcano in Tonga is an "ecological...
 

UK Financial Watchdog to Curb Marketing of Cryptoassets, Other High-Risk Investments

Britain's financial watchdog said on Wednesday it planned to curb the marketing of cryptoassets and other high-risk investments, a move...
 

Cyber MGA Resilience Becomes Lloyd's Coverholder

Resilience, the San Francisco-based cyber managing general agent, announced it has earned delegated authority as a coverholder at...
 

Insurtech Reask Gets Funding to Deliver Next-Generation Natural Disaster Modeling

Insurtech Reask, an Australian science and technology company that focuses on natural hazard modeling, announced it has closed its seed...
 

UK Insurtech Zego Expands in Europe, Targeting £20B Fleet Insurance Market

Commercial motor insurer Zego announced a European expansion plan by launching in the Netherlands and ramping up operations in France,...
 

People Moves: Lloyd's Names Chubb's Miller as Commercial Dir.; Chubb Promotes Meyer to Switzerland Country Pres.; WTW Hires Aon's Weda for Corp. Risk & Broking, Benelux

This edition of International People Moves details appointments at Lloyd's, Chubb and Willis Towers Watson (WTW). A summary of these new...
 

Tonga Avoids Widespread Disaster Despite Massive Volcanic Blast

The blast from the volcano could be heard in Alaska, and the waves crossed the ocean to cause an oil spill and two drownings in Peru. The...
 
More International & Reinsurance News »
 
 
 
 
 
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Insurance Journal Blogs and Columns

 

Self-Driving Trucks: Looking at the Risks

I came across this article on Insurance Journal (of course!) today. Can a Self-Driving 40-Ton Truck Be Safe? Developers Say Yes But...
 
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Research and Webinars

 
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When the Pace of Change Accelerates - Be Prepared to Change or Get Left Behind

Independent agents and dedicated agents looking to transition to an independent career have a lot to contemplate when...
 
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Discover Your Opportunity to Enhance Policyholder Experience

Your response to a client's disaster is the key to customer satisfaction, retention, and referrals.  Playing a role in your...
 
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2021 Warranty Survey Report

The Warranty Survey report takes a deeper dive into data, such as: Who is most likely to have purchased an extended warranty in...
 
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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. 40: EPL Challenges for Cannabis Include High Turnover

Employment practices liability is tough across pretty much all industries. As cannabis...
 
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EP. 39: Expert Says Cannabis Insurance Rates for Cyber, EPL, Property to Rise in 2022

A survey of 200-plus cannabis insurance-focused professionals at one of the largest brokers in...
 
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