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Today's Headlines

 
February 15, 2022
 
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National

 

Gunmaker Remington to Pay $73M to Settle Liability Claims With Sandy Hook Families

Remington Arms will pay $73 million to the families of five adults and four children killed in the Sandy Hook Elementary School massacre,...
 

How Car, Home Inflation Is Driving Up Loss Costs for Insurers

The two possessions that most concern insurers -- homes and motor vehicles -- happen to be the largest contributors to the historic 7.5%...
 

J&J Defends Baby Powder Bankruptcy Strategy Cancer Plaintiffs Call 'Rotten'

A Johnson & Johnson subsidiary came under attack in court on Monday for attempting to use the bankruptcy process to resolve tens of...
 

Prince Andrew Settles Sexual Abuse Claim for Undisclosed Amount

Prince Andrew has settled a lawsuit against him by a woman who said he sexually abused her when she was a teenager at the late convicted...
 

Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021

An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty...
 

Judge Throws Out Palin Defamation Suit But Still Wants Jury to Issue Verdict

A U.S. judge said on Monday he will throw out Sarah Palin's defamation lawsuit against the New York Times, after concluding that an...
 

Report: More Than 1-in-4 Residents Affected by Climate-Related Extreme Weather in 2021

More than four-in-10 U.S. residents live in a county that was struck by climate-related extreme weather last year, while more than 80%...
 

How to Keep Older Workers From Leaving During Great Resignation

Experienced older workers will retire eventually, but a new study suggests how employers may persuade some of them to...
 
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Featured Events

 
InsurTech NY 2022 Spring Conference: Digital First or Customer First

InsurTech NY 2022 Spring Conference: Digital First or Customer First

March 7 / New York, NY
 
 
 

East

 

Massachusetts Firms at War Over Oprah's 'Favorite' Waffles

Waltham, Massachusetts-based pretzel maker Eastern Standard Provisions managed to get its pretzels on Oprah Winfrey's "Oprah's Favorite...
 

Vermont Town Officials Seek Opinions on Police Review Board

A Bennington, Vermont task force is seeking opinions from the public about a recommendation for a police department review board in the...
 

Lemonade Now Offering Its Pet Insurance in Massachusetts

Digital insurer Lemonade has expanded its pet insurance into the state of Massachusetts, marking the 37th state where it's available. The...
 
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A Smarter Way to Facilitate Risk Tech Adoption
 
In 2022, workplace safety will have a closer correlation with work comp premiums.
 
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Midwest

 

Detroit Program to Target Basement Flooding During Intense Storms

Detroit is starting a program to reduce chronic basement flooding during intense storms. The program initially will target two...
 

Ohio Electric System Settles Lawsuits Seeking Corporate Reform

Akron, Ohio-based First Energy announced it has settled a series of shareholder lawsuits seeking corporate reforms in the wake of a...
 

Flint, Michigan Water Crisis Trial Will Test Contractors' Liability

Jury selection starts Feb. 15 in a trial to determine if engineering contractors bear responsibility for lead-contaminated water in...
 
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Southeast

 

St. Johns Insurance Suspends New Writing in Florida Today

Another one of the top 10 largest insurers in Florida has stopped writing new policies in the state, marking the fifth carrier this year...
 

North Carolina High Court Ends 'Absurd' Windfall for Comp Insurers on Temp Workers

For years, workers' compensation insurers in North Carolina have been able to enjoy a windfall in some cases that involved temporary...
 

Relatively Weak Hurricane Elsa Caused $1B in Damage Last Year

Hurricane Elsa, which made landfall on July 7, 2021, with winds of 86 mph, caused about $1 billion in damage to the southern United...
 

People Moves: Burns & Wilcox adds Anderson in Miami

Burns & Wilcox, a wholesale broker and underwriter, announced that Craig Anderson has joined the company's newly opened South Florida...
 

Man loses Arm and Leg after Explosion at South Florida Scrap Yard

An explosion at a scrap-metal yard in South Florida left a man with such serious injuries that his arm and part of his leg had to be...
 
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Insurance Jobs

 

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Senior Commercial Claims Adjuster - Rockingham Insurance Company - Remote

 

Insurance Agency Development Field Specialist - KS/MO - Midwest Insurance Agency Alliance - home based - KS & MO

 
 
 

South Central

 

Austin Water Director Resigns After Second Boil Order in Four Years

The director of Austin's water department resigned Feb. 11, days after employee mistakes at a treatment plant put the city under a boil...
 

Probe Begins After Oklahoma City Apartment Fire Smoldered For Days

Investigators were set to begin digging through rubble to determine the cause of a massive fire that smoldered for four days and engulfed...
 

Oklahoma Commission Approves 2021 Winter Storm Cost Recovery Orders

The Oklahoma Corporation Commission voted to approve two orders for state utilities to recover natural gas costs incurred during the...
 
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West

 

Liberty Company Insurance Brokers Acquires LAGG in Arizona

The Liberty Company Insurance Brokers acquired LAGG in Mesa, Arizona. LAGG was formed in 2016 by Rick Mascolino. The agency helps its...
 

Oregon Getting $262M in Wildfire Recovery Funding

The U.S. Forest Service in Oregon will receive more than $262 million in federal disaster funding to help with wildfire recovery. Oregon...
 

Trustees OK $9M Settlement in Nevada Bus Driver Sex Crimes Case

School trustees in Las Vegas have approved a $9 million settlement in a case involving a former school bus driver who was sent to prison...
 

California Commissioner, Emergency Agencies Issue 'Safer From Wildfires' Framework

California Insurance Commissioner Ricardo Lara and emergency management leaders in Gov. Gavin Newsom's Administration on Monday announced...
 
More West News »
 
 

International & Reinsurance

 

Insurance Broker Hengguang Among Chinese Firms Filing Small New York IPOs

At least six Chinese companies have lodged documents for New York listings in recent weeks, filings showed, promising an end to a...
 

Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report

There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year,...
 

Just 3% of White Collar Workers Want to Return Full-Time to Their Offices: Survey

Just 3% of white collar workers want to return to the office five days a week, according to a poll by management consultancy Advanced...
 

Insurer Beazley Partners With Insurtech Gaia to Offer Coverage for IVF Treatment

Lloyd's insurer Beazley partners with insurtech Gaia to offer a new solution for individuals undertaking in vitro fertilization (IVF)...
 

Sompo International Opens German Headquarters in Cologne

Sompo International Holdings Ltd., a global Bermuda-based specialty provider of property/casualty insurance and reinsurance, announced it...
 

People Moves: Conduit Re Names Roberts CUO; Brit Appoints Hodgkins as Cyber Underwriting Consultant; Oneglobal Hires Gallagher's de Lima as CEO, Andean Region

This edition of International People Moves details appointments at Conduit Re, Brit Ltd. and Oneglobal Broking. A summary of these new...
 
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Insurance Journal Blogs and Columns

 

3 Keys to Avoiding Employment Practices Issues Related to COVID

Last week, the Academy of Insurance hosted a class on the EPLI (Employment Practices Liability Insurance) implications of employers'...
 
More Blogs »
 
 

Research and Webinars

 
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The Ultimate Tax Savings Guide For Insurance Agents

Tax season is here, and as an insurance agent, there are many unique tax strategies available that will help you maximize your...
 
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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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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...
 
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Risk Management Checklist: Are you helping your clients navigate their critical areas of risk?

Use this tool to keep track of all the areas of risk your clients might be exposed to and ensure you're helping cover them all....
 
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Travelers Ins. Adopts Personalization Strategy to Support the Agent-Policyholder Relationship

Discover how agents can use modern communication tools to personalize their experience at scale. As the face of insurance...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 41: More M&As, Cannabis 'Frappucinos' on Tap for 2022

New Frontier Data, a producer of cannabis research and intelligence, released its "22 for 22...
 
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EP. 30: Insurers Grapple With Uncertainty Around Catastrophic Cyber Risk

Much uncertainty exists around catastrophic cyber threats, and for an industry so focused on...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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