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Today's Headlines

 
January 27, 2022
 
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National

 

BlackRock Agrees to $300M Loan for Root Insurance

Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance has finalized a $300...
 

New York Will Require Employers to Disclose Monitoring to New Hires

Employers in New York must disclose electronic monitoring, such as internet access and videoconferencing, to new hires under a new law...
 

Crop Insurance Payouts Rise as Climate Change Worsens Droughts, Floods

Insurance payments to U.S. farmers for crops lost to droughts and flooding have risen more than threefold over the past 25 years,...
 

Marsh McLennan Q4 Net Income Jumps Over 100%

Fourth quarter 2021 net income at Marsh McLennan more than doubled compared to the same period in 2020, to $803 million. Full year net...
 

Biden Administration Officially Withdraws Employer Vaccine Rule

The Biden administration has officially withdrawn a rule that would have required workers at big companies to get vaccinated or face...
 

Kin Insurance, Omnichannel Pull Plug on SPAC Merger

Digital home insurance company Kin Insurance, Inc. and Omnichannel Acquisition Corp., a special purpose acquisition company, announced...
 

Data Points: Attorney Impact on Commercial Auto Losses

Commercial auto insurance loss severity rose about 5 percent per year during the five-year period ending 2019, as the...
 
More National News »
 
 

Insurance Jobs

 

Sales Representative/ Insurance Carrier - National General Insurance [An Allstate Company] - Utah - 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

 
 
 

East

 

Police Officer's Immunity Does Not Extend to New York County Employer: U.S. Court

A municipality in New York may be held liable for wrongful action by an employee even though the employee was granted individual...
 

Vermont Workers' Compensation Loss Costs to Drop 4.9% in April

Vermont businesses will see a rate decrease of 4.9% in workers' compensation costs. The reduction will be effective on April 1, 2022, and...
 

Connecticut Court Rules Women-Only Gym Areas Violate State Law Against Gender Bias

Women-only exercise areas in gyms and fitness clubs violate a state law banning discrimination based on gender, the Connecticut Supreme...
 
More East News »
 
 

Midwest

 

BlackRock Agrees to $300M Loan for Root Insurance

Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance has finalized a $300...
 

Appeals Court Rules Farm Bureau Must Pay in Full for Second Fire in Home

The United States Court of Appeals for the Eighth Circuit affirmed a district court's ruling that Farm Bureau Property & Casualty...
 

Insurers Return Nearly $25 Million to Missouri Customers

The Missouri Department of Insurance announced that consumers received nearly $25 million from their insurance companies in 2021 thanks...
 

Norman-Spencer to Grow E&O Program Through RPG with The Hanover

Cincinnati, Ohio-based Norman-Spencer is growing its current real estate errors & omissions (E&O) program by creating an exclusive Risk...
 

Alera Group Acquires Gales Agency in Michigan

Alera Group has acquired Gales Agency,Inc., an independent insurance agency providing a full line of insurance products including home,...
 
More Midwest News »
 
 

Southeast

 

People's Trust Must Hand Over Underwriting Manuals in Claims Litigation, Court Says

A property insurer must give up its underwriting manuals in a claims dispute, a Florida appeals court said Wednesday. In People's Trust...
 

Georgia Committee Chair Wants More Study on PTSD Workers' Comp Bill

Supporters spoke passionately Wednesday about the need for workers' compensation insurance to cover mental health treatment for first...
 

First Light Dives in With Marine N-Surance Acquisition

Marine N-Surance Brokers, a wholesaler and managing general agency in Longwood, Florida, has been acquired by First Light Program...
 

Relation Cozies up to Hodge Ethridge in South Carolina

Relation Insurance Services has continued its rapid-expansion plan with the purchase of South Carolina-based Hodge Ethridge Insurance and...
 

EPA to Conduct Unannounced Inspections in 3 Gulf Coast States

The Environmental Protection Agency is taking a series of enforcement actions to address air pollution, unsafe drinking water and other...
 
More Southeast News »
 
 

South Central

 

EPA to Conduct Unannounced Inspections in 3 Gulf Coast States

The Environmental Protection Agency is taking a series of enforcement actions to address air pollution, unsafe drinking water and other...
 

Explosion Damages Louisiana Court's Power Grid, Contractor Injured

A courthouse in north Louisiana will be closed indefinitely so that repairs can be made to the building's main power distribution system....
 
More South Central News »
 
 

West

 

Evacuations Lifted for Wildfire on California Coast

Evacuation orders were lifted Wednesday as firefighters strengthened control lines and mopped up hot spots at a wildfire along...
 

Los Angeles County Faces Lawsuits Over Deadly Fire Station Shooting

Los Angeles County faces two lawsuits connected to last year's shootings at a fire station that killed a firefighter and wounded a...
 

People Moves: Allied American Names Altrock Program Manager; WTW Adds Knox in California

Allied American Underwriters, a division of USG Insurance Services, Inc., named Susan Altrock program manager in the Scottsdale, Arizona...
 

Takeaways from Our Conversation on EPL Challenges in Cannabis

Employment practices liability is tough across pretty much all industries, and it may only get tougher. A new record was set last year...
 

California Insurance Agent Sentenced in Burial Policy Scheme

Saul Hinojosa, 48, of Calipatria, California, was sentenced to one felony count of identity theft and one felony count of grand theft...
 
More West News »
 
 

International & Reinsurance

 

UK Insurer First Central Weighs Sale That Could Value Business at £600M: Sources

British insurer First Central Group Ltd. is considering a sale that could value the business at about 600 million pounds ($800 million),...
 

How Insurers Can Build Operational Resilience With Low-Code Application Programs

The global pandemic has shown how vital it is for firms to understand the services they provide and to invest in their operational...
 

UK Business Closures Jump 14% as Pandemic Takes Brutal Toll on Small Firms

Business closures in the UK jumped by 14% from a year ago in the fourth quarter as the coronavirus pandemic took a brutal toll. Almost...
 

Generali to Raise Stake in Indian P/C Insurance Joint Venture to 74%

Generali has agreed to become the majority shareholder in both its property/casualty and life joint ventures in India. For the P/C...
 

Climate Risk Is Top London Market Challenge, IUA Survey Shows

The top challenge currently facing London market insurance companies is climate risk, a new survey by the International Underwriting...
 

Everest Re Group Signs UN Principles for Sustainable Insurance

Everest Re Group Ltd. announced it has become an official signatory of the UN Principles for Sustainable Insurance (PSI), a global...
 

People Moves: AEGIS London Names Powell CEO, as Croom-Johnson Retires; Corvus Hires Zurich's Delvos as 1st Head of Int'l; HDI's Jackson to Lead Aviation at Apollo

This edition of International People Moves details appointments at AEGIS London, Corvus Insurance and AEGIS London Names Powell as CEO,...
 
More International & Reinsurance News »
 
 
 
 
 
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Insurance Journal Blogs and Columns

 

3 Reasons Insurance Professionals Should Read "Pay Up"

There is definitely one thing that you could accurately accuse me of, being behind in my reading. There is a bookshelf across from my...
 

One Simple Word

Help It's a simple but profound word. It indicates that you recognize that there is something in your path that exceeds your skills,...
 

Is Coverage Possible When You Accidentally Burn Down Your House?

In the category of you can't make this stuff up, a December article on Insurance Journal caught my eye, especially when a coworker asked...
 
More Blogs »
 
 

Research and Webinars

 
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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...
 
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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...
 
research

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...
 
research

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...
 
research

Agent Involvement Makes a Difference During Disaster

Your response to a client's disaster is the key to customer satisfaction, retention, and referrals.  Playing a role in your...
 
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...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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