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Today's Headlines

 
June 30, 2022
 
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National

 

P/C Industry to Finish 2022 in the Red With Combined Ratio Over 100: S&P

For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to...
 

Over 20 New E&S Entrants Reshaping Marketplace: RPS

Wholesale broker Risk Placement Services (RPS) said more than 20 new insurance companies and managing general agents have entered the...
 

Gunmakers Face New Legal Threat From Families of Mass Shooting Victims

Families of children and teachers killed in last month's Texas school massacre face a formidable legal battle if they decide to sue the...
 

Whole Foods Workers Lose Appeal Over 'Black Lives Matter' Masks

A U.S. appeals court said Whole Foods employees cannot sue the upscale grocery chain or its parent Amazon.com Inc. after being sent home...
 

More Insurers to Offer Better D&O Coverage to Businesses With Robust ESG Frameworks: Marsh

Marsh announced today several enhancements to directors and officers liability (D&O) insurance offerings that could enable more clients...
 

Getting the Measure of Inflation for the (Re)insurance Industry

This content was recently published in the Blogs section of RMS' website. It is republished here with permission. Since the early days of...
 

US Farmers Battle Floods, Heat in Bid to Replenish Food Supplies

Global grain markets are at a pivot point, with prices finally starting to ease after a dizzying surge earlier this year. Where things go...
 

Remote Work and the Risks

While most remote workers tend to be in “white collar” jobs with less physical injury risk than other industries such as construction or...
 

It's Personal: How Carriers Can Use Behavioral Analytics to Manage Cyber Risk

The cyber insurance market is in the midst of a reckoning after years of low premiums and inadequate loss control have...
 
More National News »
 
 
 
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Monarch Protects Your Dispensaries
 
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Featured Events

 
The 30th Annual ICT/AFACT Property and Casualty Insurance Symposium

The 30th Annual ICT/AFACT Property and Casualty Insurance Symposium

July 20 - July 21 / Austin, TX
 
 
 

East

 

Rochester Diocese, Insurers Plan for January Hearing on $147M Sexual Abuse Settlement

Insurers and the Roman Catholic Diocese of Rochester have agreed on a schedule for discovery and a bankruptcy court trial regarding a...
 

New York Moves to Bolster Concealed-Carry Gun Laws

New York's getting ready to go around a recent U.S. Supreme Court decision by making schools and subways no-gun zones and by making it...
 

ReSource Pro Acquires Commercial Lines Technology Platform towerIQ

Insurance business services firm ReSource Pro reports it has completed its acquisition of towerIQ, a property/casualty insurance focused...
 

People Moves: Sponic Succeeds Jacobsen at Donegal Personal Lines; Mullan Heads Human Resources for Risk Strategies; Edmonds Becomes Coaction's Chief Actuary

Donegal Names Sponic to Lead Personal Lines David W. Sponic has been named senior vice president of personal lines by Donegal Insurance...
 
More East News »
 
 
 
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Midwest

 

Hill Group Acquires Indiana's Howe-LaGrange and Reick Agencies

The Hilb Group announced that it has acquired Indiana-based Howe-LaGrange Insurance Agency and Reick Insurance Agency, expanding the...
 

Upgrades Urged at Missouri Amtrak Crash Site, But No Action

The chief elected official in the Missouri county where an Amtrak train slammed into a dump truck said Tuesday that residents and county...
 
More Midwest News »
 
 

Insurance Jobs

 

Personal Lines New Business Processor: - Community Insurance CEnter - Oxford, Michigan

 

Commercial Wholesale Underwriter I - 100% Remote - Topa Insurance Company - Remote

 

Agency Controller - Quantum Assurance International - Remote

 

COMPLEX GL ADJUSTER: NATIONAL CASUALTY EXPERIENCE - Gramercy Risk Management - Remote

 

Client Manager - Employee Benefits - Innovative Outsourcing - Dunwoody, Georgia, Northeast of Atlanta - Hybrid

 
 
 

Southeast

 

Court Orders New Trial in Insurance Exec Convicted of Bribing NC Commissioner

It may seem a minor point to some, but it's fundamental to the American system of justice, advocates said: It's up to a jury - not a...
 

Hattersley Faults Patronis for Inaction on Florida Insurance Crisis

A Democratic challenger to Florida's chief financial officer this week laid the blame for some of the state's property insurance woes at...
 

South Carolina Makes $2.2 Million Available for 2022 Wind Mitigation Grants

Some $1.1 million will be made available to South Carolina homeowners for wind mitigation grants starting Friday, July 1, the state...
 

People: Risk Strategies Names Ellison Benefits Leader

Risk Strategies has named Jason Ellison its employee benefits leader for national health care practice. Ellison, who previously was a...
 
More Southeast News »
 
 

South Central

 

Texas-Based Injury Insurance Startup Spot Raises $33 Million

Spot, an Austin, Texas-based tech startup offering on-demand injury insurance, announced it has raised $33 million in funding, including...
 

FBI Opens Widening Investigation of Clergy Sex Abuse in New Orleans

The FBI has opened a widening investigation into sex abuse in the Roman Catholic Church in New Orleans going back decades, a rare federal...
 

Oklahoma Reaches Opioid Settlement With 3 Drug Makers

Oklahoma officials have reached an opioid settlement with three drug companies that would bring more than $250 million to finance efforts...
 
More South Central News »
 
 

West

 

Northern California Wildfire Threatens 500 Buildings

A wildfire that erupted in Northern California forced evacuations as it threatened about 500 homes and other buildings, authorities said....
 

New Mexico Superintendent of Insurance, Insurer Group Urge Passage of Hermit's Peak Fire Assistance Act

New Mexico Superintendent of Insurance Russell Toal and American Property Casualty Insurance Association President and CEO David A....
 

Report: California Workers' Comp Insurer Losses Were up in 2021

Total insurer combined losses and expenses incurred in 2021 were $13.1 billion, or 96% of calendar year premium, compared with $12...
 

Washington Man Wanted for Auto Insurance Fraud

Vincent Labarbera, of Vancouver, Wash., has been added to Insurance Commissioner Mike Kreidler's most wanted after he failed to appear in...
 

California Insurer's Efforts to Keep Workers and Help During Pandemic Led to Viable New Business

In the annals of how the pandemic changed things, toss in a positive tale from insurer CSAA Insurance Group. Walnut Creek,...
 
More West News »
 
 

International & Reinsurance

 

EU Antitrust Enforcers Accept Offer From Irish Insurers' Association

EU antitrust enforcers accepted on Thursday an offer from Irish insurers' association Insurance Ireland to open up its data sharing...
 

EU Seeks Agreement on Ground-Breaking Regulations for Crypto Assets

The European Union on Thursday will seek agreement on ground-breaking rules for regulating crypto assets as the rout in bitcoin piles...
 

Turkish Insurers Seek Bond Issue to Protect Capital From Soaring Inflation

Turkey's insurance association is in talks with the country's Treasury on a potential inflation-indexed bond issue, the group's head told...
 

China Digital Campaign Used Social Media to Target Mining Firms: Report

A pro-China propaganda campaign used fake social media accounts to try to stir up opposition, including protests, against mining firms...
 

Ariel Re Sponsors 6 Bermudian Students for Summer Internship Program

Six Bermudian students will be learning about the global reinsurance industry this summer as part of an internship program with Ariel Re...
 

Markets/Coverages: Aon Incorporates Climate Science Into European Flood Models

Insurance broker Aon has incorporate the latest climate science into its Impact Forecasting's European flood models to help enable...
 

People Moves: AXA XL Promotes Dores for Int'l Financial Lines; BMS Builds Out Casualty With Hires From Tysers; WTW Taps RenRe's Modhvadia for Structured Risk

This edition of International People Moves details appointments at AXA XL, BMS and WTW. A summary of these new hires follows here. AXA XL...
 
More International & Reinsurance News »
 
 

Research and Webinars

 
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Online Face Verification in Insurance: 5 Ways To Enable Digital Transformation

How can insurance companies use online face verification as part of their digital transformation strategies? Download our report...
 
research

Future-Proof Best Practices for Workforce and Safety Training

When it comes to safety and compliance a comprehensive training program is a must. We have gathered data across industries to...
 
research

Navigating a Sea of Uncertainty: 5 Reasons to Select a Cargo Policy

Port accumulation and trans-shipment delays. Extreme weather events. Fires at sea. These are just a few interconnected yet...
 
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

How to Choose the Right Builders Risk Insurance Policy for Your Client

The construction industry is hotter than ever, so there's never been a better time to learn builders risk insurance. In this...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 51: Insuring Cannabis Seeds Specialty Promises to Grow

The U.S. Drug Enforcement Administration declared in an April memo that cannabis seeds that...
 
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EP. 40: Hey Siri, What's Next for AI and Robotics in Insurance?

A lot has changed in the world of automation since Apple first launched its virtual assistant,...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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