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Today's Headlines

 
January 19, 2022
 
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National

 

Number of Insurance Agency M&As Rose 30% in 2021: OPTIS Partners

There were 1,034 announced insurance agency mergers and acquisitions in 2021, up 30% from 795 reported in 2020, according to agency...
 

Judge Nixes Former Employees' Suit Against Marsh & McLennan Over 2021 Data Breach

A federal judge in New York has dismissed a potential class action against Marsh & McLennan by two former employees who sued after the...
 

AT&T, Verizon Again Agree to Delay Turning On Some 5G Towers Near Key Airports

AT&T and Verizon Communications on Tuesday agreed to temporarily defer turning on some wireless towers near key airports to avert a...
 

Agriculture Officials Find More Avian Flu Cases in Wild Birds, Caution Poultry Farmers

The U.S. Department of Agriculture reported two more cases of highly pathogenic avian flu in wild birds on Tuesday, raising risks for...
 

Teva to Pay $420M to Settle Shareholder Suit Over Generic Drug Pricing

Teva Pharmaceutical Industries Ltd. has agreed to pay $420 million to settle shareholder litigation alleging the company hid an...
 

Multi-Family Property Insurtech Honeycomb Raises $15.4 Million, Plans Expansion

Digital insurance provider Honeycomb announced it has raised $15.4 million in a Series A funding and plans to expand into more states....
 

Cyber, Business Interruption, Natural Disasters Ranked as Top 3 Business Risks: Allianz

A year of unprecedented cyber-attacks, business interruption and supply chain disruption, along with natural catastrophe activity has...
 

Agents Need E&S Markets Now, More Than Ever

Insurance rates are rising, capacity is shrinking, and carriers are tightening their underwriting requirements. As a result, agents must...
 

Why Are Insurance Outsourcing Contracts So Bad?

The insurance industry has changed dramatically over the past decade in response to increasingly stringent regulations,...
 
More National News »
 
 

Insurance Jobs

 

Sales Representative/ Insurance Carrier - National General Insurance [An Allstate Company] - Colorado - Remote/ Work from Home

 

Insurance Underwriter - New Energy Risk - San Francisco Bay Area

 

Small Business Account Manager - Plastridge Insurance - Delray Beach, FL/Remote/Hybrid available

 

Sales Executive & Business Owner - Premium Finance Brokerage, LLC - Nationwide

 

Client Service Advisor - National Real Estate Insurance Group - Kansas City, MO metro area

 
 
 

East

 

Doctors, Police Officer Among 13 Indicted in Alleged $100M Auto Insurance Scam

Federal prosecutors have charged 13 people--including a New York City police officer, an attorney and four physicians--in two indictments...
 

New York Reconsiders Statute of Limitations for Adult Sexual Abuse Survivors

New Yorkers who were sexually abused as adults could sue abusers in civil court under a bill that supporters are again urging the state...
 

Alera Group Acquires New York-Based International Broker Foa & Son

Alera Group reports it has acquired Foa & Son, an international insurance broker based in New York City. Terms were not...
 
More East News »
 
 
 
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Midwest

 

People Moves: Actuarial Risk Management Names Cummings as Senior Consulting Actuary; Rockford Adds Pair

Actuarial Risk Management Names Terrence Cummings as Senior Consulting Actuary Actuarial Risk Management, a actuarial consulting firm,...
 

Michigan House Fire Leaves 2 Dead, 5 Injured, 1 Missing

Two men died and five people were injured early Monday in a fire at a multi-family dwelling in Pontiac, authorities said. Eleven adults...
 

Tornado Victim's Family Sues Amazon Over Illinois Warehouse Collapse

The family of a delivery driver who died last month when a tornado collapsed the central Illinois Amazon facility where he worked filed a...
 
More Midwest News »
 
 

Southeast

 

Committee Approves Florida Surplus Lines Bill; Stiffens Penalties for Adjusters

Florida took a step toward opening its distressed property insurance market to more carriers Tuesday when a Senate committee approved a...
 

Drugmaker Endo Signs $65 Million Opioid Settlement with Florida

Drugmaker Endo International plc said on Tuesday it had agreed to pay up to $65 million to resolve claims by the state of Florida and...
 

Kentucky Transportation Cabinet to Hold Meeting on Safety of Flood-Damaged Dam

Ten months ago, historic flooding in eastern Kentucky displaced dozens of people and damaged homes and businesses all along the Kentucky...
 

$1 million Available for Tennessee Volunteer Fire Department Equipment

The Tennessee Department of Commerce and Insurance is reminding residents that the state has $1 million available for firefighting...
 

People Moves: Orion180, Greenwich Transportation Name New Execs

Orion180, a homeowners insurance provider based in Florida, announced that it has made Ryan Jesenik chief operations officer. Jesenik...
 

Relation Acquires Georgia-based Allen, a Trucking Insurance Specialist

California-based Relation Insurance Services has reached across the country to acquire trucking industry specialist Allen Insurance...
 
More Southeast News »
 
 
 
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South Central

 

Controlled Burn Likely Source for Bastrop County, Texas Wildfire

A wildfire burning east of Austin, Texas was likely the resulted of a planned burn, officials said. The Rolling Pines Fire in Bastrop...
 

Fire at Louisiana Church Causes $150K in Damages

An early morning fire on Jan. 14 at a church in Louisiana's capital left $150,000 worth of damages but no injuries, authorities said. The...
 

Report: Louisiana Seafood Industry Saw $580M in Losses From 2020-21 Hurricanes

Louisiana's fisheries and seafood businesses experienced approximately $580 million in total losses resulting from four hurricane between...
 
More South Central News »
 
 
 
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West

 

Biden Administration Unveils 'Wildfire Crisis Strategy' for Western States

The Biden administration on Tuesday unveiled a 10-year plan to treat and maintain millions of additional acres of forests in the western...
 

Risk Strategies Acquires Burke Insurance Group in New Mexico

Risk Strategies acquired Burke Insurance Group LLC, a New Mexico-based commercial retail insurance agency. The acquisition marks Risk...
 

Report: California Workers' Comp Virus Claims Spiked During December Surge

California workers' compensation COVID-19 claim volume continues to track with the state's fluctuating infection trends, as the latest...
 

Homeowners of America Introduces Services in Montana

Homeowners of America, a property/casualty insurance provider and subsidiary of Porch Group Inc., launched service in Montana. With the...
 
More West News »
 
 

International & Reinsurance

 

Net-Zero Insurers' Climate-Friendly Plans to Exit Coal Impeded by Antitrust Laws

A group of the world's biggest insurers and reinsurers jointly pledging to eliminate greenhouse gas emissions from their underwriting...
 

Loss Experience Drives Prices During January Reinsurance Renewals: Fitch

Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price...
 

Asian Insurer FWD Group Raises $200M in Pre-IPO Funding: Sources

Asian insurer FWD Group has raised $200 million in new funding ahead of its planned Hong Kong initial public offering (IPO), according to...
 

Shortage of ESG Experts Could Have Negative Effect on Canada Financial Services Firms

Canada's financial sector is facing a talent shortage in sustainable finance as demand for people who can evaluate ESG-related risks and...
 

UK High Court Throws Out Case Brought by Climate Activists Against Oil Regulator

A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their...
 

UK Car Insurance Premiums Expected to Be Volatile in 2022: Survey

The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year, after rising 5% in the final quarter of...
 

People Moves: Hamilton Names AIG's Friston for Financial Lines; WTW Hires Marsh's Baker for FINEX Banking; Howden Re Taps Berkley Re's Pike for Treaty Reinsurance

This edition of International People Moves details appointments at Hamilton Re, Willis Towers Watson and Howden Re. A summary of these...
 
More International & Reinsurance News »
 
 
 
 
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Insurance Journal Blogs and Columns

 

Self-Driving Trucks: Looking at the Risks

I came across this article on Insurance Journal (of course!) today. Can a Self-Driving 40-Ton Truck Be Safe? Developers Say Yes But...
 
More Blogs »
 
 

Research and Webinars

 
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...
 
research

When the Pace of Change Accelerates - Be Prepared to Change or Get Left Behind

Independent agents and dedicated agents looking to transition to an independent career have a lot to contemplate when...
 
research

The Connected Insurance Agent Advantage

Discover how agents can use modern communication tools to personalize their experience at scale. As the face of insurance...
 
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...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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