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August 9, 2022
 
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National

 

Lemonade Records Another Q2 Loss, Changes Pace For Profitability

Insurtech Lemonade said it booked a second quarter net loss of $67.9 million compared with a net loss of $55.6 million during the same...
 

Independent Agents Place Majority of U.S. P&C Insurance: Big I

The independent agency channel places 62% of all property-casualty insurance written in the U.S., according to the Big "I" 2022 Market...
 

Global Indemnity Agrees to Sell American Reliable Unit to Everett Cash Mutual

Global Indemnity Group said it agreed to sell subsidiary American Reliable Insurance Company (ARIC) to Everett Cash Mutual Insurance Co....
 

Seven Years of Sex Abuse: How Mormon Officials Let it Happen

MJ was a tiny, black-haired girl, just 5 years old, when her father admitted to his bishop that he was sexually abusing her. The father,...
 

Mitsui Sumitomo Insurance to Buy Reinsurance Broker Transverse for $400 Million

Mitsui Sumitomo Insurance Company, a subsidiary of Japan's MS&AD Insurance Group Holdings, will spend about $400 million to buy U.S....
 

AIG Exceeds Profit Estimates on Strong Underwriting Gains

Insurer American International Group Inc. beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned...
 

Beyond the Desktop: 3D Printing with Concrete

Much has been written about concerns related to use of 3D printing in the office or home, including potential risks associated with...
 

Insurance Company Surplus — A Tiny Primer

I find that almost all agents and a high proportion of insurance carrier employees possess inadequate knowledge of insurance carrier...
 

How Personality Traits Determine Intelligent Automation Project Success

Insurance leaders made efforts during the past two years to leverage technology and service clients while minimizing...
 
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East

 

Climate Migration: California Wildfire Pushes Family to Vermont 'Climate Haven'

PROCTOR, Vt. (AP) -- Weeks after surviving one of the deadliest and most destructive wildfires in California history, the Holden family...
 

Pipeline Agrees to Pollution Remediation, Watersheds Restoration in Pennsylvania

The developer of a major pipeline system that connects the Marcellus Shale gas field in western Pennsylvania to an export terminal near...
 

Hilb Group Acquires Transportation Agency Lighthouse in Massachusetts

The Hilb Group reports that it has acquired Massachusetts-based Lighthouse Insurance Agency, further building on the company's presence...
 

Massachusetts Police Sued Over Wrongful Arrest Deny Racial Profiling Claim

A Massachusetts police department whose officers are accused of wrongfully arresting a Black man while pursuing a white suspect said...
 
More East News »
 
 
 
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Midwest

 

North Dakota House Tests Hemp as Construction Material

The two small houses are going up on the back half of a lot just off a busy street, not far from downtown Fargo. "These homes are...
 

Spanish, Hmong Language Licensing Exams Available in Wisconsin

Wisconsin Insurance Commissioner Nathan Houdek announced last week that the Office of the Commissioner of Insurance (OCI) has partnered...
 

Study: Dozens Got Sick Visting Kansas Splash Park

A new federal study said dozens of people got sick after visiting a splash park near Wichita, Kansas, last summer. The study by the...
 
More Midwest News »
 
 

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Southeast

 

Florida's Heritage, UPC Report Losses, Changes for Q2; No Word on UPC Sale

Two major Florida P&C insurers have announced second-quarter financial results. The news is a mixed bag, and was not unexpected. In an...
 

Tennessee's Kemmons Wilson Joins Virtus Brokerage

Virtus LLC, a Kansas City-based insurance brokerage and consulting firm, has joined forces with Kemmons Wilson Insurance Group, a Memphis...
 

Truist Buys Texas-based BenefitMall

Charlotte-based Truist Insurance Holdings, one of the largest insurance brokerages in the United States, has agreed to acquire...
 

Report: Previously Flooded Carolina Homes Pose Risk to Buyers

A new Natural Resources Defense Council report exposes potential hidden costs associated with purchasing a single-family home with a...
 
More Southeast News »
 
 
 
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South Central

 

Truist Buys Texas-based BenefitMall

Charlotte-based Truist Insurance Holdings, one of the largest insurance brokerages in the United States, has agreed to acquire...
 

Arkansas Supreme Court Asked to Put Marijuana Measure on Ballot

Supporters of a recreational marijuana initiative have asked the Arkansas Supreme Court to order election officials to put their measure...
 

Texas Manufacturer Faces $249,000 in OSHA Penalties

A Jacksonville wood crate and pallet manufacturer's history of workplace safety violations continues after federal inspectors found the...
 
More South Central News »
 
 
 
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West

 

Arthur J. Gallagher & Co. Acquires Denver Agency in Colorado

Arthur J. Gallagher & Co. acquired Denver, Colorado-based Denver Agency. Denver Agency is a personal lines-focused insurance agency that...
 

2 New Mexico Counties Were Added to Wildfire Disaster Declaration

Two more New Mexico counties were added to a federal disaster declaration issued in response to the state's historic wildfire season....
 

Flash Flooding Closed Roads in Death Valley National Park

Heavy rainfall triggered flash flooding that closed several roads in Death Valley National Park near the California-Nevada line. The...
 
More West News »
 
 

International & Reinsurance

 

Insurers Get Safety Assurances for Ships Exporting Ukraine Grain Through Black Sea

Ships exporting Ukraine grain through the Black Sea will be protected by a 10 nautical mile buffer zone, according to long-awaited...
 

Munich Re's Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio

Munich Re's profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a volatile quarter for...
 

Argenta Ceases Underwriting New and Renewal Business in Singapore

Argenta Underwriting Asia Pte Ltd (AUA) announced that it will cease writing new and renewal business in Singapore with immediate effect....
 

Allianz Weighs Sale of Stake in Saudi Arabia Unit

Allianz SE is considering a sale of its Saudi Arabian unit, people familiar with the matter said, a move that would help the German...
 

Argo Group Hands Board Seat to Activist Hedge Fund Firm Voce Capital

Argo Group International Holdings handed a board seat to its largest investor on Monday, adding activist hedge fund manager J. Daniel...
 

CNA Hardy Online Raises Attachment Points for Excess-of-Loss Cover to £150M

CNA Hardy, the specialist commercial insurer that writes business within the Lloyd's and company markets, announced increased flexibility...
 

Brazil's BB Seguridade Posts 86.6% Rise in Q2 Net Profit

Brazilian insurer BB Seguridade Participacoes SA on Monday increased its full-year outlook, citing higher-than-expected growth in written...
 

People Moves: BHSI Enters Commercial Hull in Australasia, Hiring Hesson From QBE; Hannover Re Appoints Swiss Re's Ooi to Oversee P/C Growth in APAC

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and Hannover Re. A summary of...
 
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Insurance Journal Blogs and Columns

 

How Different is Lemonade?

Remember when Lemonade made a big splash, telling us that they were going to shake the whole insurance world and disrupt everything?...
 
More Blogs »
 
 

Research and Webinars

 
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The High Price of "Business As Usual" in the Insurance Industry

AgentSync's Guide to the Price of "Business as Usual" in the Insurance Industry When an insurance organization considers adding...
 
research

A Data-Driven Guide to Improving Workplace Safety

Data and analytics not only help develop preventative safety measures, but predictive safety measures as well. See how leading...
 
research

The Power of a Network Partnership for Independent Agents

Increasing numbers of new agency owners, existing independents, and former captive agents are looking to join agency networks to...
 
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...
 
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...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 43: How Should Insurers Be Thinking About Digital Privacy Post-Roe v. Wade?

The U.S. Supreme Court's June overturning of the 1973 Roe v. Wade decision protecting women's...
 
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EP. 53: Why Most Small-to Mid-Size Cannabis Operators Shun D&O

Since cannabis insurance became a thing, directors & officers insurance has been pricey and...
 
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