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Today's Headlines

 
January 12, 2022
 
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National

 

Employers Fear Long-Term Liability From 'Take-Home' COVID-19 Lawsuits

As COVID-19 cases surge in the United States, businesses say they fear a California court ruling has increased the likelihood that...
 

U.S. Confronted With Deadly Billion Dollar Disasters as Carbon Emissions Soar

The United States staggered through a steady onslaught of deadly billion-dollar weather and climate disasters in an extra hot 2021, while...
 

U.S. Security Agencies Issue Advisory on Russian Cyber Attacks on Infrastructure

Federal cybersecurity officials are again warning of Russian cyber attacks and urging critical infrastructure networks in particular to...
 

Smart Guns Finally Arriving in U.S., Seeking to Shake Up Firearms Market: Reuters

Personalized smart guns, which can be fired only by verified users, may finally become available to U.S. consumers after two decades of...
 

Judge Denies Prince Andrew's Bid to Avoid Sex Abuse Lawsuit Tied to Epstein

Prince Andrew failed to convince a judge to toss a lawsuit accusing him of sexually abusing a teenage girl decades ago. Virginia Giuffre...
 

Natural Disasters Cost Insurers $120B in 2021. Munich Re Points to Climate Change Link.

Natural disasters across the globe caused economic losses of US$280 billion in 2021, of which roughly US$120 billion were insured,...
 

Navigating Today’s E&S Markets

For brokers and agents to navigate the market successfully, Brent Winans, vice president of Clear Advantage Risk Management, said it takes...
 

MGA Market 2022 Trend Watch: How to Secure London Capacity for U.S. Biz

MGAs thrive on delivering unique solutions for hard-to-place risks, with many companies quick to react to rapidly...
 
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East

 

Judge Gives Preliminary OK to Firm's $34M 'Forever Chemical' Settlement in Vermont

A federal judge has given preliminary approval to a $34 million settlement of a class-action lawsuit against a chemical company over...
 

West Penn Power Settles Coal Ash Discharge Complaints With Environmental Agencies

West Penn Power of Greensburg, Pennsylvania will pay a $610,000 penalty under a settlement to resolve water discharge violations at two...
 

One80 Acquires Workers' Compensation Wholesaler PMC in Massachusetts

Specialty insurance broker One80 Intermediaries reported it has acquired PMC Insurance Group, a workers' compensation wholesale broker...
 

Court Agrees Harvard Not Responsible for Legal Fees of Professor with China Ties

Harvard University is not required to pay legal defense fees for a professor who was found guilty of hiding his ties to a Chinese-run...
 
More East News »
 
 

Insurance Jobs

 

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Midwest

 

Judge: Lawsuit Against Flint, Michigan Water Contractor Can Proceed

A judge on Jan. 10 refused to dismiss a lawsuit against an engineering company, which is accused of not doing enough to stop the flow of...
 

Inszone Acquires Illinois' Lamb, Little & Co.

Inszone Insurance Services, a national provider of benefits, personal and commercial lines insurance, has acquired Illinois-based Lamb,...
 

People Moves: AAdvantage Insurance Adds Diaz; Alera Group Names Braun Managing Director of Business Consulting

AAdvantage Insurance Group Adds Gracie Diaz as Account Executive AAdvantage Insurance Group has hired Gracie Diaz as its newest Account...
 
More Midwest News »
 
 

Southeast

 

Florida Claims Litigation Drops Again in December

The volume of claims litigation in Florida continues to subside and by December had dropped almost 50% below last summer's high point, a...
 

No Need for Experts in Claims Litigation: Just Use Google Earth, Florida Bill Says

Insurers would no longer need to hire expensive expert witnesses in some claims disputes, but could rely on Google maps and images to...
 

Charles Taylor Firm Buys Contego Investigative Services

Charles Taylor, a claims management and tech company, has acquired Orlando-based Contego Investigative Services, the companies announced...
 

King Insurance Buys Up Two More Florida Agencies: DMI and Insurance Den

King Insurance announced it has added two more Florida insurance agencies to its rapidly growing stable of firms in the Southeast. Don...
 
More Southeast News »
 
 

South Central

 

Officials Blame Discarded Fireworks for Louisiana Church Blaze

Carelessly discarded New Year's fireworks may have started a blaze that destroyed much of a church, the Louisiana State Fire Marshal's...
 

7,500 Louisiana Ida Victims Move From Tent Camps to Trailers

More than four months after Hurricane Ida destroyed or did major damage to their houses, some Louisiana residents are just now moving...
 
More South Central News »
 
 

West

 

AM Best Says Demand Surge and Inflation to Amplify Colorado Wildfire Losses

AM Best expects demand surge and rising inflationary pressures on building costs to add to overall loss estimates in the recent wildfires...
 

California Budget Aims to Tackle Climate Change, Wildfires, Crime

California Gov. Gavin Newsom proposed a $286.4 billion budget that sets off months of budget talks with his fellow Democrats, who control...
 

Arizona Eyeing $1B Water Plant to Help with Drought

Gov. Doug Ducey has proposed setting aside $1 billion to remove the salt from sea water and bring it to Arizona, a major legacy project...
 

Luxury High-Rise in California Tilting 3 Inches Per Year

A 58-story luxury apartment building in San Francisco continues to sink and is tilting about 3 inches per year, the engineer responsible...
 
More West News »
 
 

International & Reinsurance

 

Thawing Permafrost Could Damage Up to 50% of Arctic Infrastructure: Report

Thawing permafrost could put as much as 50% of Arctic infrastructure at high risk of damage by 2050, requiring tens of billions of...
 

Efma-Accenture Innovation Awards Offer View of Insurance Industry's Transformation

Daniele Presutti, Accenture's Insurance lead in Europe, and Silvia Milián, Accenture's Insurance lead for strategy and consulting in...
 

Specialist MGA Platform Pine Walk Launches Energy Liability MGA, OPEnergy

Pine Walk Capital Ltd., the London-based specialist MGA platform, has announced the launch of its sixth MGA, OPEnergy Ltd. OPEnergy...
 

Xenia Broking Buys Trade Credit & Surety Business From Tysers

The credit insurance and surety specialist, Xenia Broking Group Ltd., announced it has acquired the UK whole turnover trade credit and...
 

Lloyd's, IUA Sign Contract With DXC to Help Build Fully Automated Processing

Lloyd's confirmed a contract has been signed with DXC Technology and the International Underwriting Association (IUA) in an agreement...
 

WTW Launches Crisis Management Business Unit for Security Risk Management

Willis Towers Watson announced the formation of a new Crisis Management unit with the merger of Special Contingency Risks (SCR) and the...
 

India Pushes for $203 Billion Valuation for State-Owned Insurer in Mega IPO: Sources

India is pushing for a valuation of about 15 trillion rupees ($203 billion) for a state-owned insurer that's soon expected to file for...
 

Heavy Rainfall in Brazil Halts Giant Iron Mines, Triggers Concerns About Tailings Dams

Heavy rainfall is disrupting southeastern Brazil's giant iron ore industry, with the world's No. 2 producer Vale SA among companies to...
 
More International & Reinsurance News »
 
 

Insurance Journal Blogs and Columns

 

New Jersey Bill That Could Recreate Car Insurance Crisis of Early 2000s is Headed for Gov. Murphy's Desk

Trial attorneys are on the move. Having won a victory in New York on New Year's Eve, when Gov. Kathy Hochul signed legislation tipping...
 

The Relationship between You, Your Agent and Your Surety

This post is part of a series sponsored by Old Republic Surety. Commercial clients who are new to surety sometimes need help to...
 
More Blogs »
 
 

Research and Webinars

 
research

The Connected Insurance Agent Advantage

Agents can use modern communication tools to personalize their experience at scale. As the face of insurance companies, agents...
 
research

How to improve your employee experience in the hybrid workplace

Discover how your company can attract and retain top talent and manage growth with technology that simplifies office space...
 
research

Agent Involvement Makes a Difference During Disaster

Your response to a client's disaster is the key to customer satisfaction, retention, and referrals.  Playing a role in your...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 39: Expert Says Cannabis Insurance Rates for Cyber, EPL, Property to Rise in 2022

A survey of 200-plus cannabis insurance-focused professionals at one of the largest brokers in...
 
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EP. 28: Looking in the Rearview Mirror: Cyber Lessons Learned from 2021

The year is coming to an end and cyber insurers as well as their clients may be reflecting on...
 
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