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May 5, 2022
 
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National

 

Russia-Ukraine a 'Complex' Situation for Insurance Industry: AIG CEO Zaffino

AIG CEO Peter Zaffino during the company's most recent earnings call provided analysts with some insight regarding insurance implications...
 

Under Scrutiny, Some Telehealth Firms Are Rethinking ADHD Drugs

The largest online mental health startup has tightened its prescription practices after criticism by medical professionals that its...
 

DOJ Antitrust Chief Warns S&P Global Over Insurer Ratings Tweak

S&P Global Inc. should "carefully consider" a proposed tweak to how it assesses the creditworthiness of bonds owned by insurance...
 

Markel Co-CEO Whitt to Retire Next Year

Markel Corporation announced Wednesday that Richard R. Whitt III, co-chief executive officer of Markel, plans to retire by March 31,...
 

Allstate Q1 Net Income Returns to Black Despite Adverse Auto Results

First quarter 2022 insurance premiums earned grew 6.5% to about $11 billion at Allstate Corp., as net income was $630 million compared...
 

FEMA Contractors Not Liable for Misrepresentations About Flood Risk

The North Fork of the White River in southern Missouri is a nationally known fly-fishing destination, teeming with brown and rainbow...
 

On the Water: Boats & Risk

People who like the water like boats. This might be a gross misuse and the mariners among us might get offended by it, but I’m going to...
 

How Insurers Can Fire Up Their Innovation Engines: 5 Steps

While the insurance industry as a whole has delivered pockets of innovation, such as cyber insurance and digital...
 
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East

 

Safety Insurance Net Income Plummets as Auto Claims, Inflation Take Toll

Boston-based Safety Insurance Group, Inc. reported first quarter 2022 results showing net income of $7.8 million, compared to $36.2...
 

Ouch. Massachusetts Worker Shoulders Burden of Injury Omitted From Lump Sum

A Massachusetts woman who signed a lump sum settlement with her workers' compensation carrier over a right shoulder injury cannot later...
 

New York City Launches $4M Traffic Safety Campaign

New York City is launching a $4 million campaign to counter rising traffic accidents and curb dangerous driving behaviors like speeding...
 

New Hampshire Hotel Damaged by Fire Had Smoke Alarms, Heat Detectors

Guest rooms at a New Hampshire hotel that was heavily damaged by fire had smoke alarms, in addition to a fire alarm system heat detector,...
 
More East News »
 
 
 
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Midwest

 

Illinois' Main Street Insurance Group Joins VIAA

Main Street Insurance Group recently joined Valley Insurance Agency Alliance (VIAA), a cohesive family of nearly 150 independent...
 

Woman Whose Son was Killed in Illinois Tornado Criticizes Amazon

The mother of a man who was killed in December when a tornado slammed into an Amazon facility in Illinois said on Tuesday that her son...
 

Report: Wisconsin Refinery Knew About Issues Before 2018 Blast

Officials at a northwestern Wisconsin oil refinery knew about equipment issues years before a 2018 explosion there, according to...
 
More Midwest News »
 
 

Insurance Jobs

 

Executive Underwriter – Wholesale Primary Casualty - Navigators, A Brand of The Hartford - Alpharetta, GA (Hybrid)

 

Service Operations Manager - Hub International - Seattle, WA

 

Vice President of Sales Development - Commercial Lines - Hub International - Washington or Oregon

 

Commercial Lines Account Manager - Eastern States Insurance - Waltham, Massachusetts

 

Commercial Lines Carrier Underwriter - 100% REMOTE - Work At Home Vintage Experts - Remote

 
 
 

Southeast

 

Two Sentenced in Compounded Medicine Fraud Scheme

An Arkansas man and a Florida man have been sentenced to prison for their roles in giving kickbacks in compounded cream schemes that...
 

New Agency Forms in Florida

Sentry Insurance Partners is a new, full-service agency based in Miami, with an office in Coral Gables, its principals said in a news...
 

People: Georgia-Based Oakbridge Names Kiser Senior VP

Oakbridge Insurance Agency in Atlanta has named Scott Kiser as senior vice president ant private client group practice leader. Kiser,...
 

Seaglass Opens Workers Comp MGA in Florida

Seaglass Insurance Group, with offices in Estero, Florida, is a new managing general agent offering workers' comp insurance through a...
 
More Southeast News »
 
 

South Central

 

Two Sentenced in Compounded Medicine Fraud Scheme

An Arkansas man and a Florida man have been sentenced to prison for their roles in giving kickbacks in compounded cream schemes that...
 

Astroworld Movie Released Despite Lawyers' Objections

The experiences of panicked concertgoers who couldn't breathe and had no clear path to escape a massive crowd surge at last year's deadly...
 

Pastor Sues Kanye West, Saying 'Donda' Track Ripped Off Sermon

A Texas minister is suing Kanye West, saying the rapper, producer and entrepreneur used a recording of one of his sermons without...
 
More South Central News »
 
 

West

 

First Light Acquires NTIS in Nevada

First Light Program Managers Inc. and NTIS Inc. dba NTIS Transportation Insurance Services of Las Vegas Nevada have entered into an...
 

Pilot Reported Landing Gear Problem Before Los Angeles Crash

The pilot killed in the crash of a small plane along a Los Angeles freeway last month had reported a problem with his landing gear,...
 

COVID Again Leading Cause of Washington Work-Related Deaths

Washington state officials said this week that COVID-19 was responsible for about one quarter of the 106 work-related deaths reported in...
 

Disaster Declared in New Mexico Wildfire Zone

Firefighters slowed the advance of the largest wildfire in the U.S. as heavy winds relented Wednesday, while President Joe Biden approved...
 
More West News »
 
 

International & Reinsurance

 

Swiss Re Reports Q1 Loss as Ukraine War, Natural Disasters and COVID Take Their Toll

Swiss Re reported a group net loss of $248 million during the first quarter, as a result of headwinds such as the war in Ukraine,...
 

Financial Services Firms Face Losses of $225B From Variety of Water Risks: Report

Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to assess the...
 

EU Regulator Warns of Increased Risk to Airlines as Result of Ukraine War

The European Union's Aviation Safety Agency (EASA) regulator warned on Thursday of increased risks to airlines due to the war in Ukraine,...
 

Update: Record $2.7 Billion IPO by India's Life Insurance Corp. Is Oversubscribed

The record $2.7 billion initial public offering (IPO) by India's Life Insurance Corp. (LIC) was oversubscribed on Thursday, helped by...
 

QBE Re Restructures to Create Connected Business, Consistent Client Experience

QBE Re has announced major changes to its organizational structure as part of the reinsurer's strategy to further align and unify the...
 

Fidelis Insurance Moves to New London Office

Fidelis Insurance Holdings Ltd. and its wholly owned UK subsidiaries have moved to new offices in London on the 42nd Floor of 22...
 

QBE Reports 22% Surge in Q1 Premiums, Expects Hit From Ukraine War

Australia's QBE Insurance Group said on Thursday its first-quarter written premiums grew 22% in constant currency terms, as volatility...
 
More International & Reinsurance News »
 
 
 
 
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Research and Webinars

 
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Should You Explore Opportunities in E&S Lines?

It's shaping up to be the best E&S lines market in U.S. history. Are you realizing the benefits? In this whitepaper, we'll...
 
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Amidst a Widespread Microchip Shortage, Real-Time Insurance Reporting is a Must

Entering into another year of unpredictability in the global supply chain, the shortage of automobile semiconductor chips —...
 
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Minimize Compliance Costs with Automation

Wasting time on repetitive producer management tasks is limiting your ability to grow quickly. Read this whitepaper from...
 
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Attaining Compliance in the Cannabis Universe

Compliance in the cannabis industry is fraught with risk across areas like licensing, equipment, testing, distribution, and...
 
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5 Ways Predictive Analytics Helps Insurers Grow

Consumer activity is picking up as the pandemic wanes. With this surge in activity, many analysts believe the insurance industry...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 47: Cannabis Data Chief on Industry Growth, Opportunities

The cannabis business is big bucks. Global cannabis sales for 2022 will reach just over $35...
 
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EP. 46: You've Heard it Before, So Here it is Again: D&O is a Tough Pill for Cannabis

Directors and officers is a tough line of business, no matter what industry is footing the...
 
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