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May 3, 2022
 
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National

 

State Farm Still Wins: Buffett Talks Auto Insurance at Annual Event

There wasn't a lot of talk about auto insurance at this year's annual meeting of Berkshire Hathaway, but when the subject came up, Warren...
 

Teva Pharm Sees Nationwide U.S. Opioid Settlement in 2022

Teva Pharmaceutical Industries remains optimistic it could reach a nationwide settlement by the end of the year over lawsuits alleging it...
 

35% of Workplace Injuries Occur During First Year: Travelers

A new study by Travelers of workers compensation claims found that 35% of injuries occur during employees' first year on the job,...
 

U.S. SEC Ramps Up Crypto Fraud Oversight by Adding 20 Employees

The U.S. Securities and Exchange Commission (SEC) said on Tuesday it will add 20 positions to its enforcement unit for crypto markets in...
 

U.S. Solar Industry Warns of Slowdown Due to Supply Chain Disruptions, Tariff Uncertainty

The U.S. solar industry is warning of a big slowdown in project installations this year as global supply chain disruptions and the threat...
 

Insurance Technology: Aon and Paypal, Applied Systems, and iink Address Digital Payments

Aon and Paypal Expand Access to Insurance for Small Businesses Insurance broker Aon and digital payment service PayPal Holdings announced...
 

Bird Flu Forces Free-Range Chickens Into Lockdown, From Pennsylvania to France

Organic and free-range chickens have been thrown into lockdown. Egg-laying hens that normally have access to the outdoors can no longer...
 

On the Water: Boats & Risk

People who like the water like boats. This might be a gross misuse and the mariners among us might get offended by it, but I’m going to...
 

Dealmaking 101: When Opportunity Comes, You Move, Buffett Says

When opportunity comes, you have to move. That was one of the simple life lessons that Warren Buffett imparted during...
 
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East

 

Investigation Underway Into Fire That Ravaged Popular New Hampshire Hotel

Three people were injured in a windswept fire that ripped through a landmark North Conway, New Hampshire hotel Saturday afternoon. Two...
 

Report Blasts Head of Massachusetts Care Center Where 76 Veterans Died From COVID

The leader of a veterans' care center in Massachusetts where 76 veterans died after contracting the coronavirus in the spring of 2020...
 

People Moves: Oberg Joins S&S Marine; UFG Surety Adds Kyner, Virginia Office

Oberg Joins S&S as Commercial Account Executive Rhode Island-based Starkweather & Shepley Insurance Brokerage (S&S) reports that Nathan...
 

New Jersey Court Upholds State Regulator in Dispute With Applied Underwriters

The New Jersey insurance commissioner does not have to rely upon the state's attorney general to bring a lawsuit against out-of-state...
 
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Midwest

 

2 Tornados Spotted in NE Illinois; Minimal Damage Reported

At least two twisters reportedly touched down briefly as part of a storm system that rolled across northeastern Illinois. One EF-0...
 

Balcony Collapse at Wisconsin Block Party Injures 3

Two people were taken to a hospital after a second-floor balcony collapsed and sent roughly a dozen people falling 15 feet to the ground...
 

Several Rail Cars Burn After BNSF Train Derails in North Dakota

Several rail cars caught fire after at least 11 cars of a BNSF train derailed near Burlington, North Dakota early Sunday, but no injuries...
 
More Midwest News »
 
 

Insurance Jobs

 

Executive Underwriter – Wholesale Primary Casualty - Navigators, A Brand of The Hartford - Alpharetta, GA (Hybrid)

 

Service Operations Manager - Hub International - Seattle, WA

 

Vice President of Sales Development - Commercial Lines - Hub International - Washington or Oregon

 

Commercial Lines Account Manager - Eastern States Insurance - Waltham, Massachusetts

 

Commercial Lines Carrier Underwriter - 100% REMOTE - Work At Home Vintage Experts - Remote

 
 
 

Southeast

 

Rating Firms Urge Florida Lawmakers to Take Swift Action on Litigation, Cat Fund

Two insurance company rating firms have joined the call for Florida lawmakers to approve decisive measures to stave off financial...
 

Medical Marijuana Industry Booming in Florida in Last Two Years

As in other states that have legalized medical marijuana, Florida has seen a huge increase in doctors, users and dispensary businesses in...
 

Black Neighborhood Lost $5M When Homes Taken by Georgia Authorities in 1960s

Residents of a Black neighborhood in north Georgia lost more than $5 million on their properties when their homes were destroyed and...
 

Louisiana Judge Orders Liquidation of Lighthouse

A Louisiana district court judge last week ordered the liquidation of Lighthouse Property Insurance Co., the troubled homeowners insurer...
 
More Southeast News »
 
 
 
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South Central

 

Texan Insurance Acquires Marek in Texas

Texan Insurance acquired Marek Insurance effective Jan. 31, 2022 in an all-cash transaction. Crosby, Texas-based Marek is Texan's second...
 

Keystone Adds Texas' Trimble-Batjer to Network

Keystone Insurers Group named Trimble-Batjer Insurance Associates, LLP of San Angelo and San Antonio, Texas to its growing network of...
 

Louisiana Judge Orders Liquidation of Lighthouse

A Louisiana district court judge last week ordered the liquidation of Lighthouse Property Insurance Co., the troubled homeowners insurer...
 
More South Central News »
 
 
 
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West

 

FAIR Plan Launches Higher Coverage Limits for Commercial, Business Properties

The California FAIR Plan is now offering increased coverage limits for commercial and business properties. The higher limits are being...
 

Hub Acquires Assets of Oregon-Based Hanson Insurance Group

Hub International Ltd. acquired the assets of BDTAB LLC and Corvallis Insurance LLC, collectively doing business as Hanson Insurance...
 

Hard Drives Stolen During Break-in at Washington Department of Labor Regional Office

Hard drives, laptops, cellphones, office equipment, door access key cards, gas cards and other items were stolen during a recent burglary...
 

Opioid Distributors Reach $518M Settlement with Washington

Washington has reached a $518 million settlement with drug distributors McKesson Corp MCK.N, AmerisourceBergen Corp ABC.N and Cardinal...
 

California City Pushing Back on $85M Award in Restraint Case

San Diego County lawyers are seeking to wipe out an $85 million jury award to the family of man who died after being restrained by...
 
More West News »
 
 
 
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I-Day San Diego 2022
 
Don't Miss Out! Join us on Tuesday May 17th at the Town & Country. Visit over 100 booths plus attend a morning CE class and our industry awards luncheon!
 
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IIAB San Diego
 
 
 
 

International & Reinsurance

 

Allianz Plans to Take Harder Line on Insuring Fossil Fuel Industry to Meet Climate Goals

Europe's biggest insurer Allianz plans to take a harder line on insuring the oil and gas industry as part of efforts to align its...
 

Central Banks, Supervisors Must Focus on Financial Resilience to Climate Change: BoE

The rise in demand for coal following Russia's invasion of Ukraine is a setback to reaching a net-zero economy by 2050 but will also help...
 

Net Zero Business Opportunities Could Double Size of London Insurance Market: LIIBA

The business opportunities provided by the global transition to net zero is potentially large enough to double the size of the London...
 

Bird Flu Forces Free-Range Chickens Into Lockdown, From Pennsylvania to France

Organic and free-range chickens have been thrown into lockdown. Egg-laying hens that normally have access to the outdoors can no longer...
 

UK's Aston Lark Purchases UKGlobal Broking Group in 50th Acquisition

Aston Lark, the London-based broker, announced UKGlobal Broking Group as its 50th acquisition since launching in 2018, less than two...
 

China's Ping An Profit Drops 24% as Pandemic Deals Blow to Business

Ping An Insurance (Group) Co., China's largest insurer by market value, said profit fell 24% and warned that outbreaks of COVID in the...
 

Generali's Board Reappoints CEO Without Support From Rebel Investors: Sources

The board of Generali on Monday reappointed Philippe Donnet as chief executive with 10 votes in favor out of 13, two sources said, after...
 
More International & Reinsurance News »
 
 

Research and Webinars

 
research

How the "Work" in Workers' Comp Is Changing

The Great Resignation. Labor shortages. Remote work. How are today's workplace trends affecting workers' compensation? Join us...
 
research

How Markel Insurance Uses Black Kite in Their Daily Underwriting Process

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

Navigating a Sea of Uncertainty: 5 Reasons to Select a Cargo Policy

Port accumulation and trans-shipment delays. Extreme weather events. Fires at sea. These are just a few interconnected yet...
 
research

EP. 7: Strategy Sessions - What is Embedded Insurance, and Is It the Future?

Strategy Sessions – A Lunch Hour Look at Critical Topics with Industry Movers and Shakers   Episode 7:  What is Embedded...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 46: You've Heard it Before, So Here it is Again: D&O is a Tough Pill for Cannabis

Directors and officers is a tough line of business, no matter what industry is footing the...
 
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EP. 35: Creating Harmony: What Cyber, Insurance Pros Can Learn from Music

Music may not be the first thing that comes to mind when considering the cybersecurity and...
 
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