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Today's Headlines

 
March 10, 2022
 
Today's Headline Sponsor: NSM Insurance Group
 
 
 
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National

 

Progress Slows on Path to Gender Parity in the Board Room

Almost extinct are the days when only men sat on U.S. corporate boards. But the speed at which boards have brought more women to the...
 

Cyber Firm: At Least 6 U.S. State Governments Hacked by China

Hackers working on behalf of the Chinese government broke into the computer networks of at least six state governments in the United...
 

Tesla, Other Car Makers Have Edge Over Incumbent Auto Insurers: Moody's

Tesla and other car makers represent a growing threat to incumbent auto insurers, even though they have little direct impact on the...
 

Biden Orders Government to Study Digital Dollar, Other Cryptocurrency Risks

U.S. President Joe Biden signed an executive order on Wednesday requiring the government to assess the risks and benefits of creating a...
 

Marsh McLennan to Exit Businesses in Russia

Insurance broker Marsh McLennan announced it will exit all of its businesses in Russia. "We condemn the unprovoked attack by the Russian...
 

How Cloud Downtime Insurance Became a Thing

A single hour of downtime from mission-critical, third-party IT service providers can cost small and medium-sized enterprises tens of...
 

U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021

Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021...
 

Why You May See Less of Progressive's Flo in Your State

As insurers like Progressive try to catch up with auto insurance loss severity trends with rate hikes, delays in getting...
 
More National News »
 
 

Insurance Jobs

 

Excess Lines Underwriter - WH Greene & Associates Inc - East Aurora, NY

 

Director, Underwriting Operations - InsuraMatch - Travelers - Wall Township, NJ or Orlando, FL or Boston, MA

 

Content Marketing Manager - Vertafore - Denver, CO

 

Fellow, Insurance - R Street Institute - Remote

 

Business Systems Director - Security First - Ormond Beach, FL

 
 
 

East

 

Brother, Sister Charged in $124 Million Cryptocurrency Fraud

U.S. authorities on Tuesday filed criminal charges against a cryptocurrency executive and civil charges against him and his sister,...
 

New Jersey City Votes to Halt Licenses of Gas Stations Tied to Russia's Lukoil

Reflecting growing animosity across the United States toward Russia after its invasion of Ukraine, lawmakers in New Jersey's largest city...
 

Taxi Driver Shot by Off-Duty Officer Settles With New York County for $2M

A cab driver who was wounded by an off-duty police officer in a 2011 road-rage shooting has settled his lawsuit against New York's Nassau...
 

Keystone Adds New Jersey's Strategic Insurance Partners

The Pennsylvania-based insurance brokerage platform Keystone Agency Partners (KAP), has acquiredadmin Strategic Insurance Partners (SIP),...
 
More East News »
 
 
 
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Warranty Survey Report
 
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Midwest

 

WCRA to Distribute $600 Million to Minnesota Workers' Comp Insurers, Self-Insurers, Policyholders

The Workers' Compensation Reinsurance Association (WCRA) will distribute $600 million to Minnesota's insurers, self-insurers and...
 

Michigan Drivers to Receive $400 Auto Insurance Refunds Over Next 2 Months

Michigan drivers with auto insurance will soon starting getting previously announced $400 refunds per vehicle. Gov. Gretchen Whitmer and...
 

Federal Inspectors Confirm Bird Flu Presence Among Mixed Species Flock in South Dakota

Federal inspectors have confirmed the presence of bird flu in a commercial mixed species flock in southeastern South Dakota. Samples from...
 

Illinois District Court: Insurer Cannot Rely on Employment-Related Exclusion in BIPA Suit

An Illinois federal judge said a policy exclusion for employment-related practices does not protect State Automobile Insurance Co. from...
 
More Midwest News »
 
 
 
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OSHA-NIOSH Safety & Health Handbook
 
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Southeast

 

Major Florida Insurance Bill Dies; Roof Provisions Left out of Second Bill

With just two days left in the 2022 Florida legislative session, a comprehensive property insurance reform bill appears to be dead. But...
 

AM Best Downgrades Outlook for Florida Family Insurance Companies

The AM Best rating firm has downgraded the credit rating and the outlook for Florida Family Insurance and its subsidiary, Florida Family...
 
More Southeast News »
 
 
 
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A Podcast for Independent Agents
 
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South Central

 

TWIA Board to Meet on March 22 to Decide on Reinsurance for 2022 Hurricane Season

The Texas Windstorm Insurance Association Board of Directors will hold an interim meeting on March 22 at 1:30 p.m. CT to determine TWIA's...
 

HUD: Texas Agency Discriminated in Hurricane Harvey Flood Relief Funding

Texas' administration of flood relief money from Hurricane Harvey broke federal law by discriminating against Black and Hispanic...
 

Chevron Phillips Chemical Agrees to Reduce Air Pollution at 3 Texas Plants

Chevron Phillips Chemical Company LP has agreed to make upgrades and perform compliance measures estimated to cost $118 million to...
 
More South Central News »
 
 
 
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West

 

New Chief at Pinnacol in Colorado Plans to Transform Hundred-Year-old Carrier to Deal with Changing Workforce

John O'Donnell picked an interesting time to change jobs. The way the world works is radically changing, and just as the pandemic -...
 

California Spraying Company Found Liable for Pesticide Drifts

A Northern California pesticide spraying company was negligent on at least five occasions its helicopter pilots allowed the toxic...
 

Hub Acquires Niedermeyer Risk Management in Oregon

Hub International Ltd. acquired the assets of Niedermeyer Risk Management LLC in Beaverton, Oregon. Jon Niedermeyer, CEO & managing...
 

Appeals Court Rules Protesters Can Sue Over Vegas Arrests

A federal appeals court ruled that a Las Vegas police detective can be sued for arresting protesters who chalked anti-police slogans on...
 

Online University Paying $22M in California Suit for Misleading Students

A California judge has ordered an online, for-profit university and its former parent company to pay $22 million in penalties, saying...
 
More West News »
 
 

International & Reinsurance

 

Russia's Invasion of Ukraine to Spur More Claims Inflation: Moody's

Although insurance penetration in Ukraine and Russia is low, global insurers will face secondary impacts from greater financial market...
 

AM Best Raises Country Risk Level for Russia

The insurance rating firm AM Best said it has moved its country risk tier for Russia to a CRT-5 from a CRT-4 to reflect the...
 

Mosaic to Buy Sirius Int'l Lloyd's Managing Agency; SiriusPoint to Be Mosaic Investor

Mosaic Insurance has entered into an agreement to purchase the Lloyd's managing agency of SiriusPoint as part of a transaction in which...
 

Managers at UK Firms Expect to Dial Back Pandemic-Era Flexible Work Arrangements

Many managers at UK companies expect to dial back their pandemic-era embrace of remote work and flexible arrangements once COVID-19...
 

Marsh McLennan to Exit Businesses in Russia

Insurance broker Marsh McLennan announced it will exit all of its businesses in Russia. "We condemn the unprovoked attack by the Russian...
 

People Moves: AXA XL Names Bewlay Chief Exec Reinsurance, Replacing Cooper; Marsh Promotes 3 for Affinity; Hartford Hires Generali's Mather to Lead Int'l Financial Lines

This edition of International People Moves details appointments at AXA XL, Marsh and The Hartford. A summary of these new hires follows...
 
More International & Reinsurance News »
 
 
 
 
 
 
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Research and Webinars

 
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Recruit and Retain Good Producers with Automation

Wasting time on repetitive producer management tasks is limiting your ability to grow quickly. Read this whitepaper from...
 
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Three Keys to Differentiating Your Brokerage

In an increasingly crowded and commoditized market, brokers are faced with minimal customer loyalty and look to differentiate...
 
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The 5 Critical Things You Need to Know about Growing Your Agency

Want to experience real growth at your agency? You might need to reconsider where you are focusing your attention. Some agents...
 
research

Beyond Burnout: Redefining Benefits for a New Era of Work

In a new report, Beyond Burnout—Redefining a New Era in the Work Place, Cake & Arrow gets to the heart of how people's...
 
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3 Success Stories of Agency Growth - Implement these Strategies in 2022

Independent agents and dedicated agents looking to transition to an independent career have a lot to contemplate when...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 42: Cannabis Supply Chain Risks Worth Tripping Over

Everyone knows about supply chain management nowadays thanks to the pandemic, with shelves...
 
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EP. 31: More Than a Conversation: Cyber, Insurance Pros Say Building Diversity Means Taking Action

The cybersecurity and insurance industries have been talking about prioritizing diversity,...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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