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Today's Headlines

 
March 22, 2022
 
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National

 

Biden Sees Risk of Russian Cyberattack on U.S. as Sanctions Bite

President Joe Biden warned Monday about new indications of possible Russian cyberattacks, pumping up the volume on weeks of growing...
 

Investors Say U.S. SEC Climate Disclosure Rule to Clarify 'Mixed Bag' of Data

Investors, including several who run environmentally focused funds, welcomed the U.S. government's proposed new rule on corporate...
 

Kremlin Dismisses U.S. Warning of Potential Russian Cyber Attacks

The Kremlin on Tuesday rejected U.S. warnings that it may be preparing to conduct cyber attacks in response to Western sanctions, and...
 

With Construction Booming, Agents Can Help Contractors Avoid Big Risks

Times are good for contractors, with an active market creating an abundance of work, increasing revenues, and business growth. In 2021,...
 

Insurers, Brokers Among Those Named World's Most Ethical Companies

Two property and casualty insurers and two brokers were included within a list compiled by Ethisphere of the most ethical companies in...
 

Study: SUVs, Pickups Hit Pedestrians More Often Than Cars Do

Drivers of bigger vehicles such as pickup trucks and SUVs are more likely to hit pedestrians while making turns than drivers of cars,...
 

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%...
 

InsurTech in the Public Markets: Lessons From the Rush That Put Them in Hot Water

For the last eight years, InsurTech has had an incredible run. Capital has poured into privately-held companies tackling...
 
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East

 

Rhode Island Reaches $107M Opioid Settlements With Teva and Allerga

Rhode Island's attorney general on Monday announced settlements he valued at $107 million against the drugmakers Teva Pharmaceutical...
 

Related Claim Exclusion Doesn't Require 'Fundamentally Identical' Actions in Delaware

The Delaware Supreme Court has ruled that solar panel manufacturer First Solar, which faced two securities class actions, is not entitled...
 

New York Expands Opioid Settlement Board

New York Gov. Kathy Hochul signed legislation Saturday expanding the state's Opioid Settlement Board from 19 members to 21 members....
 
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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

 

Michigan AG Warns of Scams Over $400 Auto Refund Checks

Michigan Attorney General Dana Nessel warned residents to be aware of scams as auto insurers issue $400 per-vehicle refunds to eligible...
 

South Dakota Gov. Signs Medical Pot Bills, Placing a Limit on Homegrown

South Dakota Gov. Kristi Noem last week signed five bills to make changes to the state's medical marijuana laws, including putting a cap...
 

University of Missouri System Agrees to $1.5 Million Discrimination Settlement

The University of Missouri System has paid a $1.57 million settlement to a white former employee who alleged she was removed from her job...
 
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Southeast

 

TypTap CEO: Pause in Florida Writing was Planned; Growth Continues

The February news that five Florida-admitted property insurers had stopped writing new business in the state painted a picture of...
 

Florida Governor Open to Lawmakers Calling Special Session on Insurance Changes

Florida Gov. Ron DeSantis has not called a special session of the Legislature to tackle festering property insurance problems, but he...
 

Bridgetender Was Texting When Woman Fell; Supervisor Urged Cover-up, Police Say

The bridgetender in charge of a South Florida drawbridge where a woman fell to her death last month did not follow safety procedures and...
 

Openly Opens for Business in Mississippi

Openly, a provider of homeowners insurance, announced that it is now open for business in Mississippi. The company, which sells policies...
 

People: Plummer Rejoins McGriff's Construction Practice

After a short time away, Robert Plummer has rejoined McGriff's national construction practice, based in Birmingham. McGriff, an insurance...
 
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Insurance Rocks!
 
Thank you to all the insurance champions who shared experience and advise to those considering a career in the field.
 
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South Central

 

Dallas Mavericks Accused of Firing Ex-GM For Reporting Sexual Misconduct

Former Dallas Mavericks general manager Donnie Nelson sued the team last week, alleging that team owner Mark Cuban fired him in...
 

Storm System Brings Much Needed Rain to Texas areas Scorched by Fires

Wildfires continued to scorch parts of Texas on March 21, and a storm system moving through could bring much-needed rain but also strong...
 

Multiple Tornados Hit Texas; Severe Storm Warning Still in Effect For South Central Region

Multiple tornadoes were reported in central Texas Monday March 21, causing "devastating" property damage according to Gov. Greg Abbott. A...
 
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West

 

Arizona Auto Insurance Rates Rising on Heels of COVID

As if spiraling gas prices weren't enough, motorists across Arizona and the nation are paying more for auto insurance as repair costs and...
 

Authorities Investigate California Crash Helicopter That Injured 6

Authorities on are investigating the crash of a Los Angeles County Sheriff's Department rescue helicopter in Southern California...
 

Lawsuit Filed by Family of Man in Washington Fatal Shooting

The family of a man police fatally shot during a purported drug investigation is suing the Vancouver Police Department and the Washington...
 
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Insurance Jobs

 

Underwriter - Professional Liability - Negley Associates - Remote

 

Senior Underwriter Programs- Professional Liability - Negley Associates - Remote

 

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

 

Director, Underwriting Operations - InsuraMatch - Travelers - Wall Township, NJ or Orlando, FL or Boston, MA

 

Content Marketing Manager - Vertafore - Denver, CO

 
 
 

International & Reinsurance

 

Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia

Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of planes in Russia,...
 

Financial Market Volatility From Russia-Ukraine War Likely to Affect European Insurers

The Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility than...
 

Russia Says 78 Planes Have Been Seized Abroad After International Sanctions: Report

Seventy-eight Russian aircraft have been seized abroad, the Interfax news agency quoted Transport Minister Vitaly Savelyev as saying on...
 

EU Proposes Cyber-Security Rules for EU Institutions Amid Rising Cyber Attack Worries

EU countries should put in place a framework to manage cyber-security risks at EU institutions, the European Commission said on Tuesday,...
 

Japan Warns of Blackouts After Last Week's Quake Causes Serious Power Shortage

Neon signs were turned off, lights dimmed and thermostats dialed down in Japan on Tuesday after the government issued an urgent call to...
 

Rescuers Hunt for Victims, Flight Recorders After China Eastern Plane Crash

WUZHOU, China - Rescuers in southern China searched for survivors from a China Eastern Airlines jet on Tuesday after it crashed with 132...
 

Russia Court Finds Meta Guilty of 'Extremist Activity'; Ruling Will Not Affect WhatsApp

A Moscow court said on Monday that Meta was guilty of "extremist activity," but the ruling will not affect its WhatsApp messenger...
 

People Moves: McGill and Partners Names Aon's Mignon Deputy CFO; Lockton's Pye Joins Miller's Solicitors PI Team; HDI Promotes Dave as UK Head of Aviation & Space

This edition of International People Moves details appointments at McGill and Partners, Miller, and HDI Global Specialty. A summary of...
 
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Insurance Journal Blogs and Columns

 

A Personal Claim Story - Part 1

I've been thinking about writing this and kind of going back and forth about how to do it or whether to do it. Since I can't be...
 
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Research and Webinars

 
research

Why E&S is a Huge Opportunity for Independent Agents

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...
 
research

Beyond Burnout: Redefining Benefits for a New Era of Work

In a new report, Beyond Burnout—Redefining a New Era in the Work Place, Cake & Arrow gets to the heart of how people's...
 
research

How to Coordinate Client Communication Seamlessly Across Departments

Hear from Nationwide and Salesforce about innovative strategies and processes to personalize the customer experience. Owning...
 
research

4 Agents Share Success Moving Out of Their Comfort Zones

Independent agents and dedicated agents looking to transition to an independent career have a lot to contemplate when...
 
research

The 5 Critical Things You Need to Know about Growing Your Agency

Want to experience real growth at your agency? You might need to reconsider where you are focusing your attention. Some agents...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 44: Legal Expert Warning Obscure Law Could Cause Problems if Cannabis is Legalized

If Congress ever gets around to legalizing cannabis, the process of revoking federal...
 
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EP. 33: War in Ukraine Renews Questions Around Likelihood, Insurability of Cyber War

Since Russia launched a full-scale military invasion of Ukraine on February 24, questions have...
 
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