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Today's Headlines

 
May 31, 2022
 
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National

 

Cyber Insurance Premiums Up 27.5% to Lead All Lines in Q1: CIAB

According to The Council of Insurance Agents & Brokers' (CIAB) Commercial Property/Casualty Market Index, capacity for cyber insurance...
 

As Uvalde Parents Seethe, Recourse Against Police May Be Limited

Texas police accused of bungling the response to a mass shooter in an Uvalde school where 19 children and two teachers were killed aren't...
 

Global Re/insurers See Average Premium Increases of 11% in 1st Quarter: Gallagher Re

Premium growth during the first quarter saw an average increase of 11%, which was supported by continued favorable pricing for commercial...
 

Jury's Duty in Depp-Heard Trial Doesn't Track Public Debate

A seven-person civil jury in Virginia will resume deliberations Tuesday in Johnny Depp's libel trial against Amber Heard. What the jury...
 

U.S. P/C Q1 2022 Underwriting Income Up 5%: AM Best

AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6% to $3.3...
 

Ransomware Attacks Up More Last Year Than In Prior Five Years: Verizon

Verizon released its 15th annual report on data breaches last week, finding that ransomware attacks increased by 13 percent in a single...
 

Employment Practices Liability Rates

Even with all of the change and disruption, employment practices liability insurance market experts say the market is competitive and poised...
 

Carrier Management's Award Winning Content: Geospatial Information Systems

In this series of videos and print and online articles last year, Carrier Management took a deep dive into geospatial...
 
More National News »
 
 
 
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East

 

National Grid Worker Electrocuted at Massachusetts Worksite

A 35-year-old employee of utility National Grid died at the hospital after he was electrocuted at a work site in Massachusetts early...
 

Rhode Island Becomes 19th State to Legalize Recreational Marijuana

Rhode Island's governor signed legislation Wednesday making the state the 19th in the nation to legalize and regulate recreational...
 

Baltimore Settles With Rapper for $300K Over Claims of False Arrest, Police Planting Drugs

A court settlement calls for the city of Baltimore to pay $300,000 to resolve claims that police officers planted drugs on a rapper known...
 
More East News »
 
 

Insurance Jobs

 

Business Development Manager - Intact Insurance Specialty Solutions - Atlanta, GA, Chicago, IL, or Remote

 

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

 
 
 

Midwest

 

Minneapolis to Pay $1.2 Million to People Injured During Floyd Protests

The Minneapolis City Council has approved $1.2 million in legal settlements with two people injured by police during protests following...
 

Michigan Egg Producer to Pay $175,000 Over EEOC Lawsuit

Konos, Inc., a Michigan-based egg producer, will pay $175,000 and provide other relief to settle a sex discrimination and retaliation...
 
More Midwest News »
 
 
 
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Southeast

 

Hale Partnership Invests $15 Million into FedNat's Monarch National

A Charlotte-based investor has agreed to put $15 million into Monarch National Insurance Co., a subsidiary of FedNat Holding Co., a...
 

Seven Die on Georgia Waterways over Memorial Day Weekend

Searchers recovered the bodies of three missing boaters Sunday after two vessels collided on a Georgia river, bringing the crash's death...
 
More Southeast News »
 
 
 
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Episode 8: Why Agents Need to Know Their Specialized Financing Options and How Best to Leverage Them for Growth - with Mike Strakhov from Live Oak Bank
 
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South Central

 

Keystone Adds Texas' Milam Felker Insurance Services

Keystone, a participant-owned insurance agency network, added Milam Felker Insurance Services, Inc. of Odessa, Texas, to its growing...
 

Louisiana Restaurant to Settle $30,000 EEOC Lawsuit

A Louisiana restaurant admitted that it violated federal law when it fired and then later refused to rehire a worker because she was...
 

Army Corps of Engineers Completes Post-Katrina Protections in Louisiana

Seventeen years after Hurricane Katrina flooded New Orleans, the Army Corps of Engineers has completed an extensive system of floodgates,...
 

NTSB: Pilot Disorientation Likely Caused Fatal 2019 Louisiana Plane crash

Pilot disorientation is listed as a probable cause of the 2019 small plane crash that killed five people in south Louisiana. The Advocate...
 
More South Central News »
 
 

West

 

Gains Made Against Massive New Mexico Wildfire

Crews were making progress in stopping the nation's largest active wildfire from spreading on Monday, the fourth straight day of warnings...
 

California Transit Agency Failed to Stop Gunman, Lawsuit Charges

One year after a problem employee shot and killed nine coworkers in a rampage at a light rail yard, the family of one of the victims...
 

California in Climate Partnership with New Zealand That Includes Ideas for More Electric Vehicles

Top officials from California and New Zealand signed a pledge Friday agreeing to help fight climate change by sharing ideas and best...
 

Former Captain Sues Sheriff in Oregon for Retaliation

A nearly 30-year veteran of the Deschutes County Sheriff's Office in Bend, Oregon, has filed a $2.5 million federal lawsuit against the...
 
More West News »
 
 

International & Reinsurance

 

Global Re/insurers See Average Premium Increases of 11% in 1st Quarter: Gallagher Re

Premium growth during the first quarter saw an average increase of 11%, which was supported by continued favorable pricing for commercial...
 

Insurance Premiums Surging for Ukraine War-Exposed Business: Sources

Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing...
 

EU Leaders Agree to Pursue Ban on Most Russia Oil; Insurance Prohibition Delayed

European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia...
 

Insurer FWD Delays $1 Billion Hong Kong IPO: Sources

Asian insurer FWD Group has delayed its $1 billion Hong Kong initial public offering (IPO) because of volatile financial markets,...
 

Season's First Hurricane Pummels Mexico With Strong Winds, Heavy Rain

Hurricane Agatha made landfall in Mexico's Oaxaca state Monday afternoon in what's expected to be the strongest May storm to hit the...
 

AM Best Revises Randall & Quilter's Credit Ratings After Brickell Purchase Terminated

The credit ratings of Randall & Quilter Investment Holdings and its subsidiaries have been revised to under review, negative, from...
 

People Moves: Canopius Restructures Global Underwriting Operations, Makes Senior Appointments

Canopius Restructures Global Underwriting Operations With Senior Appointments Canopius Group, the London-based global specialty...
 
More International & Reinsurance News »
 
 
 
 
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Research and Webinars

 
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Bird's-Eye View: How Property Insurers Are Using Aerial Data

"They got planes in the air, and we had pictures the next day... before we could even get claim adjusters in there." - Tier 1...
 
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Amidst a Widespread Microchip Shortage, Real-Time Insurance Reporting is a Must

Entering into another year of unpredictability in the global supply chain, the shortage of automobile semiconductor chips —...
 
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

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

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...
 
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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