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September 22, 2022
 
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National

 

New York AG's Financial Fraud Suit Against Trump Details Insurance Scenarios

Donald Trump and the Trump Organization used false and misleading statements of financial condition to obtain favorable real estate loans...
 

Congress Examines Insurer Diversity; Results 'Disappointing,' Lawmakers Say

The insurance industry still has a lot of work to do when it comes to diversity, equity and inclusion. In fact, despite a strong DEI push...
 

Cancer Victims Urge Court to End J&J Bankruptcy Roadblock to Lawsuits

People suing Johnson & Johnson over the company's talc products urged an appeals court on Monday to revive their claims, saying the...
 

Markets/Coverages: Travelers, Google Cloud to Build Data System to Underwrite Commercial Risk

Google Cloud and The Travelers Companies said they are working together to create a cloud-based data ecosystem that will help Travelers'...
 

Hurricane Fiona Losses Depend on Business Interruption, Cause

AM Best said it expects insured losses from Hurricane Fiona in Puerto Rico to be influenced by business interruption caused by widespread...
 

People Moves: Maxwell Managing Director at Markel Specialty; Bouvier Hired as Compre Claims Director; Sensa Taps Brown as COO

Markel promotes Maxwell to Managing Director, Commercial Excess Wholesale Markel Corporation has appointed Sarah Maxwell managing...
 

Tesla Recalls Nearly 1.1 Million Vehicles to Update Window Reversing Software

Tesla is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting...
 

Condo Market Spotlight

The insurance market for condos has always had its challenges with limited appetite in the marketplace to begin with but the post-COVID...
 

Automated Rate Filings Put Root Ahead of Auto Insurance Competitors: CEO

At a time when auto insurers react to inflation shocks by filing rate increases at a frenetic pace, an InsurTech CEO...
 
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East

 

Massachusetts Car Dealer Denies Racial Bias Charges: 'We Would Be Hurting Ourselves'

Management at a Massachusetts car dealership accused in a lawsuit filed by the state of illegally charging Black and Hispanic customers...
 

Family Sues Little League World Series Over Head Injury From Bunk Bed Fall

A Utah boy who suffered a serious head injury after falling from a bunk bed during last month's Little League World Series in...
 

Trump Accuser Plans New Lawsuit Under New York's Abuse Survivors Law

A writer who accused former President Donald Trump of raping her in a department store dressing room intends to file another lawsuit...
 

Agency Aggregator Union Bay Acquires Farrell Insurance in Pennsylvania

Union Bay Acquisition, a new aggregator of insurance agencies agent based in Princeton, New Jersey, reports it has acquired Farrell...
 
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Midwest

 

Michigan Veteran Gets Five Years for Fraud over Faked Injuries

A Michigan veteran has been sentenced to five years in prison after investigators who followed him discovered he had faked injuries that...
 

Chicago Apartment Building Explosion Injures 8

Eight people were rushed to hospitals after being injured when an explosion Tuesday tore through the top floor of a Chicago apartment...
 

Jury Awards Illinois Woman $363 Million in Suit Over Plant's Toxic Gas

A jury has awarded $363 million to a woman who alleged that a now-shuttered suburban Chicago plant that sterilized medical equipment...
 
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Insurance Jobs

 

Account Manager - First Baldwin Insurance - Foley, Alabama

 

Commercial Lines Underwriter - American Property Insurance Company - Eatontown, New Jersey

 

Property Claims Adjuster (Property & Casualty) - Electric Insurance - Remote

 

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

 

Marketing Sales Representative - V3 - Remote

 
 
 

Southeast

 

Walmart, CVS Agree to Settle West Virginia Opioid Suit for $147 Million

Walmart and CVS Pharmacy have settled with the state of West Virginia for a combined total of $147 million in a lawsuit over the...
 

School Bus Crashes into Store in South Carolina

A school bus crashed into a store in South Carolina on Tuesday, hitting one student outside and sending seven people to the hospital,...
 

PCF Insurance Buys Peak Performance Brokerage, its 112th Acquisition This Year

PCF Insurance Services, a burgeoning brokerage based in Utah, has acquired Peak Performance Team, a brokerage that offers financing and...
 
More Southeast News »
 
 

South Central

 

Louisiana Dept. of Insurance to Hold Hurricane Prep Event

The Louisiana Department of Insurance (LDI) and Habitat for Humanity will hold a hurricane preparation session at Mandeville Community...
 

TWIA Names David Duren as General Manager

Today the Board of the Texas Windstorm Insurance Association selected its chief legal and legislative officer, David Durden, to be the...
 
More South Central News »
 
 

West

 

Washington Proposes 4.8% Workers' Comp Increase for 2023

The Washington Department of Labor & Industries is proposing a 4.8% increase in the average price employers and workers pay for workers'...
 

$3M Settlement for Utah Family of Autistic Boy Shot by Police

A Utah family has reached a $3 million settlement with Salt Lake City in a lawsuit filed after officers shot a 13-year-old boy with...
 

Fatal Hawaii Ambulance Fire Linked to Oxygen Device

Preliminary findings from an investigation into an ambulance fire that killed a patient and injured a paramedic last month show the blaze...
 

People Moves: Venbrook in California Names Pippin Chief Claims Officer; Makes Numerous Leadership Moves

Venbrook Group LLC named Louis Pippin as chief claims officer of Venbrook Claims Services. Pippin has nearly 30 years of experience in...
 
More West News »
 
 

International & Reinsurance

 

Barbados Issues 1st Pandemic-Protected Bond, Which Also Covers Natural Disasters

Barbados has issued the world's first government bond with a clause allowing payments to be suspended in the event of another global...
 

Britain Lifts Ban on Gas Fracking in England in Push for Energy Independence

Britain on Thursday formally lifted a moratorium on fracking for shale gas in England that has been in place since 2019, saying...
 

Dale Partners Ltd. Gets Regulatory Nod to Launch Lloyd's Managing Agency

Dale Partners Ltd. (DPL) announced it has received approval from the UK Prudential Regulation Authority (PRA), the Financial Conduct...
 

Hong Kong Insurer AIA in Talks to Buy Philippine's MediCard: Sources

AIA Group Ltd. is in advanced talks to acquire MediCard Philippines Inc., people familiar with the matter said, as the insurance giant...
 

Fortegra Receives UK Branch Authorization

The Fortegra Group Inc., a global specialty insurer and subsidiary of Tiptree Inc., announced that its European insurer, Fortegra Europe...
 

Markets/Coverages: BHSI Launches Multiple New Policies in Spain

Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of new property damage, general liability, D&O, professional...
 

People Moves: Strategic Risk Solutions Taps Marsh's Meindersma to Lead Canada Expansion; Markel Int'l Promotes 3 in Wholesale Claims Leadership Team

This edition of International People Moves details appointments at Strategic Risk Solutions and Markel International. A summary of these...
 
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Research and Webinars

 
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How to Tap into the Power of Community to Deliver More Value to Younger Consumers

Since the onset of the pandemic, work has undergone an unprecedented transformation, with new norms, attitudes, and expectations...
 
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What's the Cost of Slow Insurance Onboarding, Licensing, and Compliance for Your Organization?

Are you losing revenue while waiting for onboarding, licensing, and compliance? Your distribution workforce is the front line of...
 
research

Small Commercial Insurance: Innovation and Where Everyone’s Headed Next

The State of the Market, Innovation and Where Everyone's Headed Next The small commercial insurance market went through a...
 
research

How to Continue Providing Coverage Solutions with Tightened Carrier Guidelines

Tune in for a lively discussion with four agency owners who have successfully used E&S markets to fill in the gaps left by...
 
research

AmTrust Safety Series: Restaurants

Restaurant owners face a lot of challenges running their businesses. Knowing the most common and most dangerous injuries is the...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 57: Culture and Discipline Are Next Cannabis' Steps to Profit Through Risk Management

"Cannabis needs one thing right now, and that's profitability." That may sound like a strange...
 
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EP. 46: Deeper Roots: How the Latino Community Is Strengthening the Cyber Insurance Workforce

The root level is the highest permission level of access to a computer system, and most...
 
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