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May 24, 2022
 
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National

 

D.C. Sues Zuckerberg Over Cambridge Analytica Data Breach

The District of Columbia said it sued Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg for his alleged role in the data breach...
 

Inflation Drives 33% Surge in Auto Telematics Adoption in Q1 2022: TransUnion

TransUnion's latest Personal Lines Insurance Shopping Report found the number of consumers who accepted a telematics offer from their...
 

Insurance Technology: MGA Insight Risk Targets Water Damage; Beazley Starts Cyber Incident Response Rooms

Insight Risk Targets Builder's Risk Water Damage Losses Insight Risk, a technology-focused Builder's Risk managing general agent (MGA),...
 

Younger Workers More Likely to Leave Employers to Retain Flexibility

Most business owners expect employees to be back working in person full time a year from now but employees want to retain flexibility...
 

Do Claims Against Musk Raise a Legal Issue for His Companies and Twitter Deal?

A report saying Tesla Inc CEO Elon Musk's company SpaceX paid $250,000 to settle sexual harassment claims by a flight attendant on a...
 

Workers' Comp: A Shining Star in the P/C Sky, But the Future Is Less Bright as Workforce Changes

Workers' compensation continues to be the shining star in the property/casualty insurance market. Despite a 9% decline in direct premiums...
 

Employers Adapting to New World of Worries

Insurers Seek Policies on Diversity, Pay Equity, Social Media, COVID, Even Facial Scans The past few years have been filled with newer...
 

Embracing the Future of Work

As a native of St. Lucia in the Caribbean, I knew immediately when I moved to the United States that I was different....
 
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East

 

Rochester Diocese Offers $147M to Settle Sexual Abuse Claims

The Diocese of Rochester, New York, and its insurers have submitted a proposal to bankruptcy court to settle 471 sexual abuse claims...
 

Vermont Creates Panel to Oversee Opioid Settlement Spending

Vermont Gov. Phil Scott has signed legislation into law that creates an advisory committee to make recommendations on how to spend the...
 

Virginia's Loudoun School Board Sues to Halt Grand Jury Work

The Loudoun County School Board has asked for a temporary injunction that would halt the work of a grand jury convened as part of an...
 

Markets/Coverages: NJM Introduces Commercial Package Policy in New Jersey

NJM Insurance Group is now writing commercial package policies in New Jersey with policy effective dates beginning July 1, 2022. The NJM...
 
More East News »
 
 
 
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Midwest

 

Illinois Contractor Fined $378,000 for Exposing Workers to Deadly Fall Hazards

A Roselle, Illinois contractor's history of violating federal safety standards and ignoring safety citations and penalties - and a...
 

Ransomware Attack Exposed Data of More Than 500,000 Chicago Students, Staff

The personal information of more than half a million Chicago Public Schools students and staff was compromised in a ransomware attack...
 

People Moves: Alliant Hires Johnson in Missouri; Gregory & Appel Names Kennedy COO

Alliant Insurance Services Hires Hunter Johnson Alliant Insurance Services hired Hunter Johnson as vice president, growing its presence...
 
More Midwest News »
 
 

Insurance Jobs

 

Commercial Lines Underwriter II - Frederick Mutual Insurance Company - Frederick Maryland

 

Underwriting Assistant - Frederick Mutual Insurance Company - Frederick Maryland

 

Business Development Representative (InsurTech) - DataCrest, Inc. - Remote

 

Product Analyst - Coverys - Boston, MA; East Lansing, MI; Omaha, NE or Remote

 

Insurance Broker Property and Casualty - Undisclosed - Nassau County, NY

 
 
 

Southeast

 

Florida Senate Committee Passes Insurance Market Rescue Bill 19-2

A Florida Senate committee overwhelmingly approved two measures Monday that supporters believe will go a long way toward trimming roof...
 

Ski Mask and Assault-Rifle Water Gun Prank Leads to Killing of Mississippi Teen

A teen in Mississippi shot and killed another teen who approached his home with a toy gun that looked like an assault rifle while wearing...
 

Court Blocks Bulk of Florida's New Social Media Law as Free Speech Violation

Most of a Florida law that sought to stop social media companies from restricting users' political speech violates the companies' free...
 

Sovereign Immunity No Defense in $3B Tenn. Coal-Ash Lawsuit, 6th Circuit Rules

Sovereign immunity does not protect a federal contractor against a lawsuit filed by some 60 former employees seeking $3 billion in...
 
More Southeast News »
 
 
 
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South Central

 

Texas Dept. of Insurance Security Issue Exposed Data for Nearly 3 Years

A data breach at the Texas Department of Insurance (TDI) exposed confidential information of 1.8 million Texans for nearly three years,...
 

Louisiana Audit Shows Hurricanes Led to Increase in Insurance Complaints

Residential property. complaints against Louisiana insurance companies skyrocketed in the aftermath of 2020 and 2021 hurricanes,...
 
More South Central News »
 
 

West

 

Nevada Ending Emergency Declarations, Business Restrictions for Pandemic

COVID-19 emergency declarations for Nevada have ended as the public health agency for metro Las Vegas noted that the pandemic isn't over...
 

Drought Will Impact Pacific Northwest This Summer, Experts Warn

Drought is expected to impact much of the Pacific Northwest this summer, including areas in eastern Washington, southern Oregon and...
 

Takeaways from Our Conversation on Cannabis Lounges

Anytime a cannabis lounge opens in some U.S. city it tends to garner a lot of media attention, and the headlines have been buzzing lately...
 

California Teacher Suspected of Molesting Kids in Classroom

A substitute teacher was arrested on suspicion of molesting four female students in a classroom at a Southern California elementary...
 
More West News »
 
 

International & Reinsurance

 

Insurers, Banks Must Take Climate Action or Face Profit Hit, Higher Capital Charges: BOE

LONDON - Banks and insurers that fail to manage climate risks as a "first-order" issue could face a 10% to 15% hit to annual profits and...
 

Credit Agricole Italy Weighs Investing in Banco BPM's Insurance Business

Credit Agricole Italy is interested in investing in the insurance activities of Banco BPM, the French banking group's Italy head said on...
 

R&Q's Accredited Europe Signs 6-Year Program Management Deal with UK Insurtech

The program manager Accredited Insurance (Europe) Ltd., the wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd.,...
 

Munich Re Issues Green Bond in U.S. Market, in a First for European Insurer

Following its successful placement of green bonds in 2020 and 2021, Munich Re has successfully placed its first green subordinated bond...
 

MS Amlin Partners With Insurtech Altelium to Offer Cover for Battery Energy Storage

MS Amlin Underwriting Ltd. (MS AUL), the Lloyd's re/insurer, announced a partnership with insurtech Altelium to offer a construction...
 

WTW Launches Cyber Coverage for Ports and Terminals

Insurance broker WTW has launched specialist cyber coverage for ports and terminals, called CyNav. Designed to address the specific cyber...
 

People Moves: Arch Hires Chaucer's Bauckham for Terrorism, Political Violence & War Team; Dale Moves Into Marine Treaty With 2 Hires From MS Amlin

This edition of International People Moves details appointments at Arch Insurance International and Dale Underwriting Partners. A summary...
 
More International & Reinsurance News »
 
 
 
 
 
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Insurance Journal Blogs and Columns

 

Insurance Agents Should Promote Business Service Bonds

This post is part of a series sponsored by Old Republic Surety. Business bonds and fidelity bonds are easy cross-sells to many commercial...
 
More Blogs »
 
 

Research and Webinars

 
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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...
 
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Behind the Scenes of the Fastest Home & Auto Rollout in Modern Insurance History

Branch Insurance expanded into 14 states in just 1 year. Tune in live on June 22 at 10am Pacific for a behind-the-scenes look at...
 
research

Current Trends and Emerging Threats for Underwriters and the Cyber Insurance Market

This report analyzes the top 99 insurance companies by net premiums written in order better understand their cyber posture and...
 
research

5 Ways Predictive Analytics Helps Insurers Grow

The insurance industry faces many headwinds in the coming year. Learn how AI / predictive analytics can insulate your insurance...
 
research

It's Shaping Up to Be the Best E&S Lines Market in U.S. History

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...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 48: Growing Cannabis Lounge Buzz Across U.S. Cities Calling to Insurers

Several insurance professionals who specialize in cannabis are getting more calls about...
 
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EP. 37: Riding the Wave of InsurTech 3.0: What It Takes to Not Just Survive, But Thrive

As the InsurTech industry approaches the next wave of innovation, experts say this could mean...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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