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Today's Headlines

 
September 20, 2022
 
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National

 

Auto Loss Costs Not Coming Down; Bigger Rate Hikes Ahead: Allstate CEO

Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company will be pushing up auto...
 

AM Best Viewpoint: The Value of MGAs in a Hardening Market

The heightened perception of risk stemming from cyber attacks, the climate, pandemics and even inflation are just a few of the volatile...
 

Hurricane Fiona Moves North With Up to $4B Economic Damages Estimated Already

Hurricane Fiona strengthened as it moved away from Puerto Rico and the Dominican Republic where it knocked out power and spawned flash...
 

American Family First U.S. Insurer to Join The Climate Pledge

American Family Insurance has become the first U.S.-based insurance company to sign The Climate Pledge, joining 375 other national and...
 

Uber Says Lapsus$-Linked Hacker Responsible for Breach

Uber Technologies Inc said on Monday a hacker affiliated with the Lapsus$ hacking group was responsible for a cyber attack that forced...
 

U.S. States Ask Appeals Court to Reinstate Facebook Lawsuit

A big group of U.S. states, led by New York, argued to an appeals court Monday that it should reinstate an antitrust lawsuit against...
 

AIG Life/Retirement Unit Corebridge Valued at $13B

Shares of Corebridge Financial Inc opened 2 percent below the IPO price in their New York Stock Exchange debut on Thursday, giving the...
 

Study: Four Major Tipping Points Close to Triggering Hotter Temps

Even if the world somehow manages to limit future warming to the strictest international temperature goal, four Earth-changing climate...
 

Deeper Roots: How the Latino Community Is Strengthening the Cyber Insurance Workforce

The root level is the highest permission level of access to a computer system, and most cybersecurity professionals work hard to ensure...
 

Sponsored: Are you accurately assessing wildfire risk? Why granular data and foundational science matter

Climate change is having an impact on natural hazards all around the world – wildfires are more frequent, larger, and more intense than they have been in ...
 

Condo Market Spotlight

The insurance market for condos has always had its challenges with limited appetite in the marketplace to begin with but the post-COVID...
 

AI Property Claims Assessment Without Damage Photos

Tractable, an InsurTech that revs up auto claims assessment processes using artificial intelligence that's trained on...
 
More National News »
 
 
 
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East

 

Basketball Hall of Fame and Chubb Insurer Hit the Court Over D&O Coverage

The Basketball Hall of fame (BHoF) is suing Chubb Group subsidiary Federal Insurance Co. to have the insurer defend and indemnify it in a...
 

Virginia Commonwealth University Reaches Settlement With Hazing Victim's Family

Virginia Commonwealth University will pay nearly $1 million to the family of a young man who died after a 2021 fraternity hazing incident...
 

UConn to Pay Former Basketball Coach Additional $3.9M Over Firing

UConn announced last Thursday it has agreed to pay former men's basketball coach Kevin Ollie another $3.9 million to settle...
 

People Moves: Distinguished Programs Names Walters to Real Estate Group; Alera Appoints McCormack as Director of Market Relations

Distinguished Programs Appoints Walters to Small Urban & Transitional Real Estate Group Distinguished Programs, a New York, New...
 
More East News »
 
 
 
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Midwest

 

Burns & Wilcox Brand Ambassador Max Homa Earns 5th PGA Tour Victory

Burns & Wilcox brand ambassador Max Homa opened the 2022-23 PGA Tour season with a victory at the Fortinet Championship in Napa,...
 

Ohio Apartment Fire Injures 4; Cause Under Investigation

A fire in an Ohio apartment sent four children to the hospital in critical condition over the weekend, authorities said. West Chester...
 
More Midwest News »
 
 
 
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Southeast

 

Trial Lawyers Back Republican in Florida House Race, Insurers Favor Democrat

In a twist of fate and a sign of the times, some Florida business groups are backing the Democrat in a state House race in the Tampa...
 

More Coaches Named in South Carolina Cheerleader Abuse Lawsuit

A lawsuit alleging the rampant sexual abuse of underage athletes at a competitive cheerleading gym in South Carolina has been amended to...
 

Mississippi State Sorority Treasurer Sentenced in $4M Embezzlement

A woman has been sentenced to nearly four years in federal prison and ordered to pay nearly $3 million in restitution for embezzling...
 

Smart Choice Makes Tennessee Agency Its 22nd Acquisition

Smart Choice, a network of independent agents, has acquired Carriage Hill Insurance, an agency in Tennessee. The agency has $4 million in...
 

Weachter Agency in Tampa Joins Renaissance Alliance

Tampa-based Rip Weachter Insurance agency has become part of the Renaissance Alliance, a rapidly growing national network of independent...
 
More Southeast News »
 
 

Insurance Jobs

 

Property Claims Adjuster (Property & Casualty) - Electric Insurance - Remote

 

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

 

Marketing Sales Representative - V3 - Remote

 

Commercial Lines Customer Service Representative - Bones and Bailey - Midland, MI

 

Agency Manager Producer Owner - Arnold and Barton Insurance - Naples, Fl.

 
 
 

South Central

 

Indiana Steelworker Dies After Industrial Accident

A steelworker who was injured last week in an industrial accident at a northwest Indiana steel mill has died at a Chicago hospital,...
 

Centene to Pay Texas $165 Million in Medicaid Drug Pricing Settlement

Health insurance giant Centene Corp. has agreed to pay $165.6 million to Texas to resolve claims that it overcharged the state's Medicaid...
 

Federal Court Rules in Favor of Texas Law on Social Media Regulation

A federal appeals court Friday ruled in favor of a Texas law targeting major social media companies like Facebook and Twitter in a...
 

SURE, SageSure Launch Reliable Commercial Protection in Louisiana

SURE, the member-owned insurance company for reliable coastal property protection, today announced its expansion into commercial...
 
More South Central News »
 
 

West

 

Missing Woman Found After Southern California Mudslides

A woman who went missing after recent flash floods unleashed mudslides that swept through her town in the Southern California mountains...
 

Flood Waters Receding After Storm Batters Western Alaska

Floodwaters were receding in parts of western Alaska battered by the worst storm in a half century, leaving behind debris flung by...
 

People Moves: Leavitt United Insurance Services Names Garcia Co-Owner; MJ Insurance Adds Krapf

Leavitt United Insurance Services, a Leavitt Group affiliate, appointed Sarah Garcia to the role of agency co-owner. Garcia has been with...
 
More West News »
 
 
 
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IICF Charity Bowling Event is BACK!
 
Join us at the new location at Mira Mesa Lanes on Oct. 6, 2022 and support local San Diego non-profits. Such a fantastic event. Who doesn't love bowling!?
 
Register or Sponsor
 
Insurance Industry Charitable Foundation (IICF)
 
 
 
 

International & Reinsurance

 

AM Best Viewpoint: The Value of MGAs in a Hardening Market

The heightened perception of risk stemming from cyber attacks, the climate, pandemics and even inflation are just a few of the volatile...
 

Coalition of Insurers, Pension Funds Commit $7.1 Trillion to Support 1.5°C Climate Goal

A coalition of pension funds and insurance companies that includes Allianz SE, the California Public Employees' Retirement System and...
 

Chubb in Advanced Bancassurance Talks With Hong Kong's Hang Seng Bank: Sources

Chubb Ltd. is in advanced talks to form an insurance partnership with Hang Seng Bank Ltd., a Hong Kong-based lender majority owned by...
 

Fairfax-Backed Digit Insurance's IPO Put on Hold by Indian Watchdog

Digit Insurance, a company backed by Canadian billionaire Prem Watsa's Fairfax Group, has had a planned initial public offering (IPO) put...
 

Mexico Struck by Powerful 7.5 Magnitude Earthquake on Fateful Anniversary

MEXICO CITY - A magnitude 7.6 earthquake struck western Mexico on Monday on the anniversary of two devastating temblors, killing at least...
 

People Moves: Chubb Global Mkts Promotes Jackson as Product Head of Mgmt Liability; Pesci Rejoins WTW in EMEA Reserving; IQUW Taps Beazley's Bell, Brown for Property

This edition of International People Moves details appointments at Chubb Global Markets, the broker WTW and the property and specialty...
 
More International & Reinsurance News »
 
 

Insurance Journal Blogs and Columns

 

Practices to Minimize Your Fleet's Insurance Costs

This post is part of a series sponsored by IAT Insurance Group. Equipment, diesel, tires, insurance premiums and inflation weigh heavy on...
 
More Blogs »
 
 

Research and Webinars

 
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Reimagining Employee Benefits to Better Integrate into Everyday Life

Since the onset of the pandemic, work has undergone an unprecedented transformation, with new norms, attitudes, and expectations...
 
research

What's the Cost of Slow Insurance Onboarding, Licensing, and Compliance for Your Organization?

Are you losing revenue while waiting for onboarding, licensing, and compliance? Your distribution workforce is the front line of...
 
research

How to Find Coverage for Senior Living Facilities Where Pull Cords Are Installed

One of the selling points for senior living facilities is the promise of easy access to assistance in an emergency. To that end,...
 
research

Learn What’s Driving Underwriting Decisions on D&O Policy Renewals

While general economic factors are always relevant to insurance pricing, in the current market, underwriters of D&O policies...
 
research

Small Commercial Insurance: Innovation and Where Everyone’s Headed Next

The State of the Market, Innovation and Where Everyone's Headed Next The small commercial insurance market went through a...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 46: Deeper Roots: How the Latino Community Is Strengthening the Cyber Insurance Workforce

The root level is the highest permission level of access to a computer system, and most...
 
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EP. 56: Growing Cannatourism Brings Extravagance, Novelty and New Risks

Cannabis tourism, or more colloquially, "cannatourism," is a billion-dollar and counting...
 
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