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Today's Headlines

 
January 26, 2022
 
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National

 

World's First Crypto Mortgage? Homeowners' Insurers Don't Hate It

If homeowners' insurance carriers weren't facing enough issues this year, here's one more to think about: A Miami company is now offering...
 

Progressive Q4, Full Year Net Income Drop Over 40%

Fourth quarter 2021 earnings at Progressive Corp. fell 43% compared with the same time period a year ago to $962.3 billion. The results...
 

Biden Administration Hit for Delay in Creating New Cybersecurity Board

It's a key part of President Joe Biden's plans to fight major ransomware attacks and digital espionage campaigns: creating a board of...
 

Some U.S. Businesses Wary of Sanctions on Russia, Urge Safe Harbors, Exemptions

U.S. President Joe Biden has threatened to impose devastating sanctions on Russia if leader Vladimir Putin invades Ukraine, but some big...
 

U.S. Surplus Lines Premium Up 22% in 2021

Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated...
 

Regional Cyber Conflicts Could Lead to Infrastructure Attacks in 2022: CyberCube

Three regional cyber conflicts could lead to infrastructure attacks and damaging cyber espionage in 2022, a new report from cyber...
 

Sponsored: Insurtechs – Three Considerations When Implementing Self-Service Claims

Over the past year, online client demand has maintained a steep upward climb. Due to the pandemic, cloud and integrated technology capabilities have been expanded to support ...
 

A Special Time for Specialty Markets

The specialty insurance marketplace always has been a vast laboratory for nascent products. It once was a tiny market....
 
More National News »
 
 
 
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Warranty Survey Report
 
AmTrust's Warranty Survey Report reveals an opportunity in the marketplace to improve offerings and expand warranty adoption across all categories.
 
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East

 

Massachusetts Crash Victim Sues Uber for $63 Million

A Massachusetts man seriously injured in a crash while a passenger in an Uber car is suing Uber and the driver for $63 million in...
 

Harris Confirmed as New York Financial Services Chief

The New York State Senate has voted to confirm Adrienne A. Harris as superintendent of the New York State Department of Financial...
 

Initial Probe of Fatal Train Crash at Crossing in Massachusetts Cites Employee Error

Investigators are focusing on human error as the likely reason a train struck a car at a crossing in Massachusetts late last week,...
 
More East News »
 
 
 
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Midwest

 

Buffett's Berkshire Plans In-Person Shareholders Meeting For April

Warren Buffett's company plans to hold its annual shareholders meeting that used to routinely attract more than 40,000 people in person...
 

Abuse Victims View Settlement Payouts as Unequal at Two Michigan Schools

Two former University of Michigan football stars who stand to receive as much as $500,000 each through the school's sexual abuse...
 

Mother of Kansas City Woman Killed in Firetruck Crash Sues

The mother of a woman who died when she was hit by a firetruck in Kansas City last month has filed a wrongful death lawsuit against the...
 

Ohio, Volkswagen Settle Emissions Case For $3.5 Million

Ohio has settled an environmental lawsuit with Volkswagen over the company's 2015 emissions scandal for $3.5 million, state Attorney...
 
More Midwest 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

 
 
 

Southeast

 

World's First Crypto Mortgage? Homeowners' Insurers Don't Hate It

If homeowners' insurance carriers weren't facing enough issues this year, here's one more to think about: A Miami company is now offering...
 

Tennessee Doc Pleads Guilty Then Sues Insurer After Clinic Burns Down

A Tennessee doctor who pleaded guilty to running a pill mill has now filed suit against his property insurance carrier for failing to pay...
 

OakBridge Continues Regional Expansion with McNeal Agency in Georgia

Oakbridge Insurance Agency, a large regional agency in the Southeast, announced that it has acquired McNeal Sports & Wilson Risk...
 

People: Smyth Moves to Summit; McDonald New Captive Head at South Carolina

Smyth named CFO at Summit Summit Consulting, a workers' compensation insurance manager, announced Patrick Smyth has been named chief...
 

Weston Companies Merge to Form Cat-Focused P&C Insurer

Weston companies are one. Company officials recently announced that Florida-based Weston Insurance Co. and Weston Specialty Insurance Co....
 
More Southeast News »
 
 

South Central

 

Oklahoma Oil Tank Battery Explosion and Fire Injures 2

Two workers were injured Jan. 24 in an explosion and fire at a central Oklahoma oil tank battery, officials said. The incident happened...
 

Relation Acquires Texas' Davenport

Relation Insurance Services, Inc has acquired the assets of Wilson R Davenport & Associates LLC, headquartered in McAllen, Texas....
 

Louisiana Court Disbars Attorney Who Allegedly Mishandled Client's Claim Case

The Louisiana Supreme Court has disbarred a Lafayette attorney accused of failing to properly handle a client's case, then lying to...
 
More South Central News »
 
 
 
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West

 

Arizona Judge Rules Google Should Face Jury in State's Location Privacy Lawsuit

Allegations that Alphabet Inc.'s Google deceived users with unclear smartphone location tracking settings should be weighed by a jury, an...
 

California City Votes to Require Gun Liability Insurance

The city council in San Jose, California, voted on Tuesday to become the nation's first city to require gun owners to purchased insurance...
 

Las Vegas Police Paying $2.35M in Jail Restraint Death

The family of a tourist who died in Las Vegas after being strapped to a restraint chair in jail following his arrest on a trespassing...
 

Wildfire on California Coast Now 45% Contained

Shifting winds and increased humidity helped firefighters make progress against a blaze burning in rugged mountains near California's Big...
 

California Bill Would Require Insurers to Disclose Fossil Fuel Dealings

California Assemblyman Marc Levine (D-Marin County) on Tuesday introduced a bill to require insurance companies operating in California...
 
More West News »
 
 

International & Reinsurance

 

Only 38% of 2021's Natural Disaster Losses of $343B Were Covered by Insurance: Aon

Natural disasters cost global economies a total of $343 billion in 2021, compared with $297 billion in 2020, according to Aon's "2021...
 

Owners of High-End London Restaurants Sue AXA Over Failure to Pay COVID Claims

The owners of high-end London restaurants The Wolseley and The Delaunay sued AXA Insurance UK Plc for as much as 4 million pounds ($5.4...
 

AllianzGI Creates Unit Focused on Investing in Companies With Measurable ESG Impact

Asset manager Allianz Global Investors, part of German insurer Allianz, said on Wednesday it had set up a new unit focused on "impact"...
 

Generali Loses Third Board Director in Less Than 2 Weeks

Italy's biggest insurer Generali said on Tuesday Sabrina Pucci had resigned from its board for personal reasons, the third director to...
 

China Strengthens Anti-Money Laundering Rules for Financial Services Firms

China on Wednesday published revised rules designed to strengthen financial firms' ability to combat money laundering. The revised rules,...
 
More International & Reinsurance News »
 
 
 
 
 
 
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Insurance Journal Blogs and Columns

 

3 Reasons Insurance Professionals Should Read "Pay Up"

There is definitely one thing that you could accurately accuse me of, being behind in my reading. There is a bookshelf across from my...
 

One Simple Word

Help It's a simple but profound word. It indicates that you recognize that there is something in your path that exceeds your skills,...
 

Is Coverage Possible When You Accidentally Burn Down Your House?

In the category of you can't make this stuff up, a December article on Insurance Journal caught my eye, especially when a coworker asked...
 
More Blogs »
 
 

Research and Webinars

 
research

2021 Warranty Survey Report

The Warranty Survey report takes a deeper dive into data, such as: Who is most likely to have purchased an extended warranty in...
 
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...
 
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

Discover Your Opportunity to Enhance Policyholder Experience

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. 40: EPL Challenges for Cannabis Include High Turnover

Employment practices liability is tough across pretty much all industries. As cannabis...
 
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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...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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