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Today's Headlines

 
August 3, 2022
 
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National

 

U.S. Crypto Company Nomad Hit by $190 Million Theft

U.S. crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the...
 

America First Insurance Group Launches for Conservative Customers

Earlier this week after over a year in development, insurance agency America First Insurance Group was launched, claiming it is the...
 

Inside-Outside Game: Is an Internal Offer Really Worth Less Than an External?

Independent agency sale transactions are continuing at a strong pace in 2022. Organic growth rates and profitability are booming,...
 

People Moves: Beazley Realigns to Bolster N.A. Commercial Property; Fusion Hires M&A VP From AXA XL; Promotions at Distinguished Programs

Beazley strengthens its North American Commercial Property offering Beazley said it restructured its large commercial property division...
 

N. Koreans Steal LinkedIn Resumes to Get Remote Work at Crypto Firms: Researchers

North Koreans are plagiarizing online resumes and pretending to be from other countries to get remote work at cryptocurrency firms to aid...
 

Inside Out: How Exit Crime, Insider Threats Are Creating Challenges for Insurers

There has been a lot of talk about how insurance companies are increasingly falling victim to outside cyber attacks, but the risk of...
 

Do Truck Drivers Need CGL Coverage?

During my 17-year stint at the Big “I” national association, I received tens of thousands of coverage questions from member agents. One...
 

Nationwide P/C's Prez Talks About Inflation and Telematics

Much of a recent interview that Carrier Management had with Mark Berven, the president and chief operating officer of...
 
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East

 

Robinhood Crypto to Pay New York $30M for Cybersecurity, Anti-Laundering Violations

Robinhood Crypto will pay a $30 million penalty to New York State for "significant failures" in its anti-money laundering obligations and...
 

New Hampshire Motorcycle Crash Trial Hears Drugs, Alcohol Testimony

A substance made when the body breaks down heroin was present a truck driver's blood just hours after he was involved in a 2019 crash...
 

Truck Driver Reaches Agreement in Maine Fatal Accident Caused by Dislodged Tire

A truck driver is expected to accept responsibility for causing the death of a state police detective who was struck by a dislodged tire...
 
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Midwest

 

Ohio Manufacturer Faces $480,000 in OSHA Penalties

Federal safety investigators found workers at General Aluminum Mfg. Co.'s Wapakoneta site exposed to machine hazards, just 36 days after...
 

Iowa Basketball League to Pay $1 Million in Youth Exploitation Lawsuit

An Iowa-based youth basketball league agreed to settle a class-action lawsuit filed by former players whose coach secretly recorded them...
 

Western Nebraska Wildfire Forces Evacuations, Destroys Homes

A wildfire that has forced evacuations and destroyed some homes in the Nebraska Panhandle grew to about 25000 square miles (64749.77...
 
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Insurance Jobs

 

Insurance Sales Representatives - Lakeview Household Insurance Solutions - Remote

 

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Southeast

 

Two Bankers Insurance Firms Lose Ratings; Florida OIR Offers Info on Backstop

The Demotech financial review firm has withdrawn the stability ratings for two more Florida property insurance companies, Bankers...
 

Kentucky Braces for Heat After 4,300 Homes Damaged and 37 Killed in Floods

The rain that unleashed massive floods in Appalachian mountain communities diminished on Tuesday, leaving survivors to face a new threat:...
 

West Virginia Cities, Counties Reach $400M Settlement with Drug Firms

West Virginia cities and counties reached a $400 million tentative settlement with three major U.S. drug distributors, lawyers announced...
 

North Carolina Raises Limit on Aid for Lindberg Firms' Policyholders

Policyholders with three insurance companies once owned by billionaire Greg Lindberg and who have as much as $50,000 in the bank may now...
 
More Southeast News »
 
 

South Central

 

Louisiana Completes Major Coastal Restoration Project

Louisiana has completed one of its biggest coastal restoration projects yet, and is at work on even bigger ones. The dredge used to suck...
 

Sandy Hook Father: Alex Jones 'Cowardly' for Missing Court

The father of a 6-year-old killed in the Sandy Hook Elementary School shooting said Tuesday that it was "cowardly" of Alex Jones to skip...
 
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West

 

Oregon Heat Wave Puts State Workplace Safety Rules to Test

New state rules require access to water, shade and breaks on hot days, but workers say they're still laboring in unsafe conditions....
 

Settlement Blocks New Federal Fracking Leases in California

Leasing for new oil and gas drilling on federal land in central California is temporarily blocked under a settlement announced this week...
 

California Commissioner Orders Moratorium Cancellation Moratorium for Wildfires

California Insurance Commissioner Ricardo Lara this week ordered insurers to preserve residential insurance coverage for the county of...
 
More West News »
 
 

International & Reinsurance

 

Lloyd's Insurer Hiscox to Provide Insurance for Ukraine Grain Shipments

Hiscox is committed to a planned insurance consortium providing cover for ships traveling through a safe passage from Ukraine, its chief...
 

Europe's Rhine River on Brink of Becoming Impassable as Water Levels Drop

Water levels on the Rhine River are set to fall perilously close to the point at which it would effectively close, putting the trade of...
 

G7 Nations Mull Options to Deprive Moscow of Bumper Oil Profits

The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of...
 

French Insurer AXA Posts 3% Rise in H1 Net Profit

French insurer AXA announced a new share buyback program as it posted a 3% rise in first-half net profit, driving up its stock price....
 

N. Koreans Steal LinkedIn Resumes to Get Remote Work at Crypto Firms: Researchers

North Koreans are plagiarizing online resumes and pretending to be from other countries to get remote work at cryptocurrency firms to aid...
 

Brown & Brown Completes Acquisition of Specialist Wholesale Broker BdB

Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced the completion of the previously announced acquisition of the general...
 

Landfills Soon Could Be Inundated With Thousands of Wind Turbine Blades: Study

A new study led by the University of South Australia indicates tens of thousands of wind turbine blades will end up in landfills by the...
 

BHSI Hires Liberty Specialty's Ferrari as Head of Transactional Liability in Australasia; AM Best Appoints Curtis for Market Development, Asia-Pacific Region

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and AM Best. A summary of these...
 
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Insurance Journal Blogs and Columns

 

How Long Does it Take an Insurance Producer to Start Selling?

This post is part of a series sponsored by AgentSync. Insurance agencies report lengthy producer onboarding periods of up to 30 days, and...
 
More Blogs »
 
 

Research and Webinars

 
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Future-Proof Best Practices for Workforce and Safety Training

When it comes to safety and compliance a comprehensive training program is a must. We have gathered data across industries to...
 
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A Data-Driven Guide to Improving Workplace Safety

Data and analytics not only help develop preventative safety measures, but predictive safety measures as well. See how leading...
 
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Three Visions for Empowering Independent Agents

During the pandemic, Cake & Arrow conducted qualitative research with hundreds of gig workers and small business owners to...
 
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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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Biometric Authentication Explained

In a digital world, how can you be sure that someone is who they say they are? Or that they even exist at all? This book from...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 43: How Should Insurers Be Thinking About Digital Privacy Post-Roe v. Wade?

The U.S. Supreme Court's June overturning of the 1973 Roe v. Wade decision protecting women's...
 
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EP. 53: Why Most Small-to Mid-Size Cannabis Operators Shun D&O

Since cannabis insurance became a thing, directors & officers insurance has been pricey and...
 
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