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March 2, 2022
 
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National

 

Analysis: Russian Ransomware Attacks on Ukraine Muted by Leaks, Insurance Exclusion

Warnings that pro-Russian ransomware gangs would snarl networks in Ukraine and its allies have so far failed to materialize amid disarray...
 

Biden Administration Prepares COVID Roadmap for Outbreaks

Top U.S. health officials on Wednesday laid out a national blueprint to manage COVID-19 going forward, vowing to prepare for any new...
 

Cartier Lawsuit Accuses Tiffany of Stealing Luxury Jewelry Trade Secrets

Cartier sued Tiffany & Co on Monday, accusing its luxury rival of stealing trade secrets concerning its high-end jewelry from an employee...
 

Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard

Cyber claims from small and midsize businesses saw a "material uptick" in 2021, with funds transfer fraud a main culprit, according to...
 

D&O Loss Ratios Unchanged by Rate Hikes; Supply Disruption to Fuel Suits

Directors and officers liability insurance premium rate hikes have not had the anticipated impacts on loss ratios that carriers had hoped...
 

Biden's Supreme Court Nominee Defies Expectations on Employer-Employee Cases

Labor unions and worker advocates have applauded President Joe Biden's nomination of Judge Ketanji Brown Jackson for the Supreme Court....
 

AIG to Move High Net Worth Homeowners to E&S

Peter Zaffino, CEO of American International Group (AIG), said the company’s ongoing analysis of the increased frequency and severity of...
 

The Facts About 2021 Wildfires; The Outlook for 2022

The 2021 wildfire season in the Western United States was another one for the books, breaking records for size and...
 
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East

 

Man Alleging Malicious Prosecution for Fatal Fire Sues Pittsburgh Detectives, Prosecutor

A Pennsylvania man who spent nearly 14 years in prison for a deadly 1993 fire before winning a new trial and having the charges against...
 

Rochester Settles Wrongful Termination Claim by Ex-Police Chief

Rochester's ex-police chief La'Ron Singletary will receive $75,000 from the City of Rochester after he sued the city for wrongful...
 

Maine Mother Nears $10M Settlement Over Clinic Failure to Report Abuse

The federal government has agreed to pay $10 million to a Maine woman after a medical clinic failed to tell her or the state about signs...
 

Connecticut's Trager Reznitsky to Add States After Buying P/C Unit of Stronghold Insurance

North Haven-based Trager Reznitsky Insurance has acquired the property/casualty business of another Connecticut independent agency,...
 
More East News »
 
 
 
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Midwest

 

Wisconsin McDonald's Operator Settles EEOC Race Discrimination Claim

Pensec, Inc., a Wisconsin corporation which operates nine McDonald's fast food restaurants, will pay $31,137 and furnish other relief to...
 

BP Seeks to Appeal Kansas Town's Lawsuit Over 2021 Gas Price Hike

Energy giant BP is seeking to appeal a decision that allowed a small Kansas town's lawsuit over soaring natural gas prices in February...
 

7th Circuit: Liberty Must Defend USA Gymnastics in Nassar Lawsuits; Coverage May Be Limited

Larry Nassar is accused of sexually assaulting hundreds of girls and young women while working with USA Gymnastics, resulting in his...
 

People Moves: Holmes Murphy Names Reimers as Senior Client Advocate; Pinnacle Actuarial Promotes 3

Holmes Murphy Names Jay Reimers as Senior Client Advocate Holmes Murphy has hired Jay Reimers as a senior client advocate in its...
 
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Southeast

 

Former Florida Lawmaker Plans to Challenge CFO Patronis, with Insurance as Key Issue

A former state representative has announced plans to challenge Florida CFO Jimmy Patronis in this fall's election, and he's making...
 

Florida Comp Broker Says in Federal Suit That Competitor's Lies Cost It Business

Talking trash about a competitor may be as old as humanity. But a Florida-based workers' compensation insurance broker is charging that...
 

75-Year-Old Driver Won't Face Charges in Deadly Crash into Miami Sidewalk Cafe

A 75-year-old driver likely won't face criminal charges after crashing her Bentley into a busy Miami Beach sidewalk cafe, killing one man...
 

Openly Moves into Georgia with 15-Second Homeowners Quote Platform

Openly, a data-focused homeowners insurer based in Boston, announced that it has expanded into Georgia. The Deep South state is the 17th...
 

Liberty Company Adds Clearwater's Strategic Insurance Services

The Liberty Company Insurance Brokers has continued its rapid expansion plan with the addition of a Clearwater, Florida, firm to its...
 
More Southeast News »
 
 

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South Central

 

Louisiana Lawmaker to Hold Flood Insurance Program Townhall

Louisiana Congressman Garret Graves, St. Charles Parish President Matthew Jewell, FEMA representatives, and members from the St. Charles...
 

Louisiana Court: Feds Can Require Tracking of Charter Fishing Boats

A federal judge on Feb. 28 rejected a lawsuit filed by Gulf of Mexico charter fishing boat operators opposed to federal regulations that...
 

Arkansas Medical Supply Owner, CEO Indicted For Allegedly Conspiring to Defraud Workers' Comp Insurers

Both the former owner of a Rogers, Arkansas-based medical supply and billing company and its former chief executive officer have been...
 
More South Central News »
 
 

West

 

Oil Company Sues Over California Underwater Pipeline Leak

A Houston-based oil company on Feb. 28 sued two container ship operators and an organization that helps oversee marine traffic, saying...
 

'Injections, Injections, Injections': Troubling Questions Follow Closure of Sprawling Pain Clinic Chain

HANFORD, Calif. -- On May 13 of last year, the cellphones of thousands of California residents undergoing treatment for chronic pain lit...
 

California Bar Investigates After Records Published Online

The State Bar of California is investigating a data breach after learning that a website published confidential information about 260,000...
 

People Moves: Pathpoint Names Blust Chief Risk Officer; Woodruff Sawyer Adds Urick in California

Pathpoint Inc. named Ralph Blust chief risk officer and president. Blust oversees Pathpoint's sales and underwriting operations teams....
 
More West News »
 
 

International & Reinsurance

 

Analysis: Russian Ransomware Attacks on Ukraine Muted by Leaks, Insurance Exclusion

Warnings that pro-Russian ransomware gangs would snarl networks in Ukraine and its allies have so far failed to materialize amid disarray...
 

Many Boardrooms Still Fail to Grasp ESG Risk, Marsh Review of Annual Reports Finds

Many global firms are still failing to prioritize environmental, social, and governance (ESG) risks in the boardroom, which is creating...
 

China Will Not Impose Sanctions on Russia for Ukraine Invasion

BEIJING -- China will not join in sanctions on Russia that have been led by the West, the country's banking regulator said on Wednesday,...
 

Shipping Firm Warns Delays May Damage Perishable Cargo Shipments to Russia

Shipments of foodstuffs and medical supplies to Russia risk being damaged or spoiled due to significant delays at ports and customs,...
 

Insured Losses From February's Windstorms in Europe Could Reach €4.5 Billion: RMS

Insured losses from February's windstorms Dudley and Eunice will likely fall between 3.0 and 4.5 billion Euro (US$3.4 and US$5.1...
 

People Moves: Lloyd's Names Gomez People Officer; McMillan Joins Brace Specialty From Canopius

Lloyd's Names Gomez as Chief People Officer Lloyd's of London has appointed Sara Gomez as chief people officer (CPO). As CPO, she will...
 
More International & Reinsurance News »
 
 
 
 
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Insurance Journal Blogs and Columns

 

It's Time to Think About the Future of Producer Management

This post is part of a series sponsored by AgentSync. The insurance industry is riding a wave of insurtech and other digital advancements...
 
More Blogs »
 
 

Research and Webinars

 
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3 Success Stories of Agency Growth - Implement these Strategies in 2022

Independent agents and dedicated agents looking to transition to an independent career have a lot to contemplate when...
 
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The 5 Critical Things You Need to Know about Growing Your Agency

Join Us on Wed. March 30th at 10 am PST, 1pm EST Want to experience real growth at your agency? You might need to reconsider...
 
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Three Keys to Differentiating Your Brokerage

In an increasingly crowded and commoditized market, brokers are faced with minimal customer loyalty and look to differentiate...
 
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The New Era of Work: How Benefit Providers Can Evolve to Meet Employee Expectations

In a new report, Beyond Burnout—Redefining a New Era in the Work Place, Cake & Arrow gets to the heart of how people's...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 42: Cannabis Supply Chain Risks Worth Tripping Over

Everyone knows about supply chain management nowadays thanks to the pandemic, with shelves...
 
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EP. 31: More Than a Conversation: Cyber, Insurance Pros Say Building Diversity Means Taking Action

The cybersecurity and insurance industries have been talking about prioritizing diversity,...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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