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Today's Headlines

 
September 29, 2022
 
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National

 

Storm Ian Weakens as Millions Left Without Power

Ian was downgraded to a tropical storm as it continued to move northeastward across central Florida, with a massive and deadly surge of...
 

Citizens' Early Estimate of $3.8B in Ian Losses; Florida OIR Suspends Use and File

Hurricane Ian continued to churn through central Florida Thursday morning, leaving widespread flooding and wind damage in its wake. It...
 

Insurers Should Be Ready for Global Average Disaster Losses of $123 Billion: Verisk

The global insurance industry should be prepared for insured losses from natural catastrophes well in excess of $100 billion every year,...
 

HP Enterprise to Pay $8.5 Million to Settle Gender Pay Gap Suit

Hewlett Packard Enterprise Co. agreed to pay $8.5 million to resolve a lawsuit that alleged it pays female employees less than their male...
 

Intensifying Storms Are Fueling a Record $17 Billion Bond Barrage

Bonds sold to help US utilities recoup losses from natural disasters are seeing an unprecedented boom, with the latest burst of issuance...
 

Big I's Symington Promoted to EVP Before Taking Over as CEO Next Year

Charles Symington has been appointed to the role of executive vice president at the Independent Insurance Agents & Brokers of America...
 

Why It May Be Time To Use 'Literature Pollution' Exclusions for Some Emerging Risks

Fen-phen, Baycol, Rezulin, Vioxx... The 1990s and 2000s saw a tidal wave of pharmaceutical-related litigation that...
 
More National News »
 
 
 
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East

 

Insurers Ask Court in New York to Seize, Sell Vessel to Pay $39M in Cargo Losses

More than 30 insurers that have paid an estimated $39 million in lost cargo claims and cargo owners without insurance have asked the...
 

Connecticut Regulates 'Defense Within Limits' Provisions by Insurers

Connecticut's insurance regulator has provided commercial insurers with updated guidance on "defense within limits" policy provisions...
 

Woman Who Gave Birth on Cell Floor Sues, Says Nurses Ignored Her Cries for Help

A woman who said she was left to give birth to her baby alone on the dirty floor of her jail cell in Maryland filed a federal lawsuit...
 

$52B Movable Barriers, Storm Gates Eyed for Waterways Hit by Sandy

A decade after Superstorm Sandy pummeled New York and New Jersey in one of the costliest storms in U.S. history, the federal government...
 
More East News »
 
 
 
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Midwest

 

Federal Court Finds Iowa Ag-Gag Law Unconstitutional

A federal judge has struck down the third attempt by the Iowa Legislature to stop animal welfare groups from secretly filming livestock...
 

Illinois Candymaker Faces $201,000 in Proposed Fines for Unsafe Workplace Exposure

A federal workplace safety inspection found a Chicago, Illinois-area candy manufacturer's long history of violations for machine safety...
 
More Midwest News »
 
 

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

 

Citizens' Early Estimate of $3.8B in Ian Losses; Florida OIR Suspends Use and File

Hurricane Ian continued to churn through central Florida Thursday morning, leaving widespread flooding and wind damage in its wake. It...
 
More Southeast News »
 
 

South Central

 

Manufacturer Fined $2.5 Million for Clean Air Act Violations at Louisiana Mill

Packaging Corporation of America (PCA) has agreed to pay $2.5 million in civil penalties to resolve allegations that it violated the...
 

Report: Oil Spills Dropped Dramatically Last Decade

Oil and natural gas spills from tankers and pipelines in U.S. waters dropped dramatically from the last decade of the 1990s to the one...
 

Louisiana Governor to Meet With Lloyd's of London

As Louisiana continues to be plagued by a spiraling insurance crisis, with insurers leaving the state and canceling homeowner policies as...
 
More South Central News »
 
 

West

 

Alaska Landslide Damages 3 Homes, Destroys Pickup

A landslide triggered by record rainfall significantly damaged three homes, prompted the evacuation of about a dozen residents and caused...
 

California Cites Home Health Agencies $2M for Misclassifying 66 Workers

The California Labor Commissioner's Office cited Angel Connection Nursing Care and Angel Connection Nursing Services for improperly...
 

California to Allow Lawsuits Against 'Cyber Flashers'

Californians who find themselves victims of "cyber flashing" can sue under a new law signed by Gov. Gavin Newsom. The law aims to punish...
 
More West News »
 
 

International & Reinsurance

 

Taming Global Supply Chain Risks, Holistically

While supply chain risks are insurable, many products do not cover non-damage business interruption, and companies could find they aren't...
 

Soccer Injuries Cost Top Clubs More Than £500M Annually: Howden

Footballers are getting injured more frequently across Europe's top divisions, according to research from an international insurance...
 

UK Insurers, Banks Told to Do More to Help Customers Struggling With Cost of Living

Britain's Financial Conduct Authority (FCA) told banks and insurers on Thursday to do more to help customers struggling with a cost of...
 

How Methane Leaks Accelerate Global Warming

Methane leaks have emerged as a top threat to the global climate, with the latest incident involving two Russian gas pipelines under the...
 

Russia Gas Pipelines Now Have Four Leaks, Blamed by Some on Sabotage

Another leak on the Nord Stream 1 and 2 natural gas pipelines in the Baltic Sea has been disclosed, bringing the total number of ruptures...
 

Optus Must Pay Cost of Replacing Hacked Customer Documents: Australia Government

Australian telecoms giant Optus must pay the cost of replacing the passports and drivers licenses of millions of customers whose personal...
 

Specialty MGA Optio Launches MGA and Broking Operations in Dubai

Optio Group, the London-based specialty managing general agent (MGA), announced it will launch an MGA and reinsurance broker in Dubai,...
 

People Moves: Canopius Names WTW's Maitra as Group Head of Sustainability; Gallagher Re Hires Bangs and Swindell for Asia Pacific

This edition of International People Moves details appointments at Canopius and Gallagher Re. A summary of these new hires follows here....
 
More International & Reinsurance News »
 
 

Research and Webinars

 
research

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...
 
research

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

Lessons Learned from Industry Leaders in Digital Adoption

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

How Underwriters Analyze the Risks Associated with Pull Cords at Senior Living Facilities

One of the selling points for senior living facilities is the promise of easy access to assistance in an emergency. To that end,...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 47: How to Avoid Being a 'Sitting Duck' During a Disaster-Related Ransomware Attack

Atlantic Hurricane Season, which runs from June 1 through November 30, had a slow start this...
 
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EP. 57: Culture and Discipline Are Cannabis' Next Steps to Profit Through Risk Management

"Cannabis needs one thing right now, and that's profitability." That may sound like a strange...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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