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March 30, 2022
 
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National

 

Boy Scouts Victims' Fund Unfair to Insurers, Companies Argue in Court

The Boy Scouts of America's sexual abuse compensation fund may force insurers to make payments they can't negotiate over, even if the...
 

FBI Says Russian Hackers Scanning U.S. Energy Systems and Pose 'Current' Threat

Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and...
 

Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re

More than 50 severe flood events around the world caused combined economic losses of US$82 billion in 2021, while insured losses stood at...
 

Rideshare Riders Could Get Stuck with Medical Bills in a Crash

In the early hours of Sept. 12, 2020, Denver chef Brian Fritts, 32, was riding in the backseat of a Lyft car when another vehicle crashed...
 

U.S. SEC Proposes Boosting Blank-Check Company Disclosures, Liability

Proposal requires SPACs disclose conflicts during, after listing Disclosures must be issued at least 20 days before deal vote Rule would...
 

Home-Based Businesses Carry Risks, Rewards - and Insurance Industry Opportunities

The world of work is changing fast, with the pull of the digital revolution and the push of the pandemic shifting mindsets and...
 

Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re

Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property...
 

Analyzing Tesla Claims: How to Prove the Car Did It

While Tesla has designs on using the data it collects to price insurance policies, the founder of an InsurTech is using...
 
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East

 

New Hampshire Police Officer Fails in Bid for Qualified Immunity for Truck Driver Arrest

An Ossipee, New Hampshire police officer failed in his bid to have an excessive force and unlawful arrest complaint against him dismissed...
 

Court Eyes Appeal Over Mentally Ill Inmate Put in Solitary in Delaware

A federal appeals court is set to hear arguments in a lawsuit filed by a Delaware prison inmate who claimed he was deprived of his...
 

New York Insured's Lies About Pool Voided Coverage for Apartment Building Fire

Union Mutual Fire Insurance Co. was within its rights to rescind insurance coverage for a New York apartment building fire after learning...
 

Coterie Insurance Expands Small Business Offerings to Massachusetts

Coterie Insurance, a small business insurtech, announced that its general liability and business owners insurance products are now...
 
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Midwest

 

Applied Underwriters New Omaha, Nebraska Headquarters Tops Out

Applied Underwriters' mixed-use, 500-acre development on land formerly part of Boys Town in Omaha, Nebraska reached a milestone in its...
 

South Dakota Hires Firm to Track Cannabis From Seed to Sales

The South Dakota Department of Health has hired a New York-based software company to help monitor the flow of marijuana in the state's...
 

High Street Acquires Michigan's Gemini Risk Partners

High Street Insurance Partners has acquired Michigan-based Gemini Risk Partners. Gemini Risk Partners was founded by attorneys David...
 
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Southeast

 

No Florida Special Session for Months, but OIR Moves to Allow Roof Deductibles

A special insurance-reform session of the Florida Legislature probably won't happen before November, when a new House speaker takes...
 

Georgia Tree Company Supervisor Pleads Guilty in Murder of Whistleblowing Worker

A man who helped supply undocumented and uninsured immigrant labor to a tree removal company in Georgia has pleaded guilty to aiding in...
 
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Insurance Jobs

 

Commercial Lines Carrier Underwriter - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Commercial Transportation Underwriting Manager - JM Wilson - Kalamazoo, MI

 

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Loss Control Specialist - Nationwide Insurance - New England States

 

Agency Marketing Services Specialist - Breckenridge Insurance - Remote

 
 
 

South Central

 

Texas' Skyward Specialty Expands D&O Solutions for Non-Standard HOA Market

Houston, Texas-based Skyward Specialty Insurance Group, Inc. is expanding its Management Liability solutions by offering targeted...
 

AM Best Assigns Oklahoma's Bricktown Specialty Excellent Rating

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) to Bricktown...
 

Travis Scott Accused of Violating Astroworld Suits Gag Order

Attorneys for some of those killed and injured during last year's deadly Astroworld music festival alleged in court on Monday that rapper...
 

Relation Acquires Arkansas-Based Dixon

Relation Insurance Services, Inc. announced it acquired the assets of Arkansas-based Dixon Insurance Services, LLC. Terms of the...
 
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West

 

Colorado Stadium Fire Torched Seats, Suite Area

Firefighters extinguished a blaze that torched several rows of seats and a suite area at the Denver Broncos' stadium last week. The fire...
 

Honolulu Looking at New Ways to Regulate Vacation Rentals

Honolulu officials are looking at new ways to regulate short-term vacation rentals in residential areas to address not only parking...
 

5th Oregon County Declares Drought Emergency

Low water storage and snowpack levels in southern Oregon have prompted a fifth Oregon county to declare a drought emergency. Oregon...
 

California's Largest Wildlife Crossing to Reduce Animal Collisions

Groundbreaking is set for next month on what's billed as the world's largest wildlife crossing, a bridge over a major Southern California...
 
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International & Reinsurance

 

Aircraft Leasing Firm AerCap Files $3.5B Insurance Claim for Jets Stuck in Russia

AerCap Holdings NV, the world's largest aircraft-leasing firm, filed insurance claims totaling about $3.5 billion tied to jets and...
 

Jet Leasing Firms Tally Up Losses Stemming From Russia-Ukraine War

Aircraft leasing firms are tallying up losses stemming from Russia's invasion of Ukraine, according to the head of Avolon Holdings Ltd.,...
 

UK Cyber Agency Warns Organizations About Use of Russian Computer Technology

Britain's cybersecurity center on Tuesday said organizations providing services related to Ukraine or critical infrastructure should...
 

Update: Heavy Rains Deluge Australian Towns for 2nd Time in a Month

Heavy rains deluged Australia's east coast on Wednesday, submerging entire towns, while thousands of people fled their homes for the...
 

Credit Suisse Faces $500M-Plus Bill After Ex-Georgian PM Wins Bermuda Court Case

A Bermuda court on Tuesday ruled former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages "substantially in...
 

AM Best and S&P Ratings Suspend All Commercial Operations in Russia

AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on Russia-based...
 

Zurich Removes 'Z' From Social Media Branding as Russia Uses Symbol in Ukraine War

Zurich Insurance said it has removed the letter "Z" from its social media branding as a result of Russia's use of the letter during its...
 

Chubb Buys Renewal Rights of DUAL Asia's Financial Lines Portfolio

Chubb announced the completion of the agreement for the transfer of renewal rights of DUAL Asia's financial lines portfolios in Hong Kong...
 

People Moves: TigerRisk Boosts Delegated Authority Offering; Mosaic Expands M&A Liability Team With 4 Hires; MGU Carbon Names Chubb's Turner as Property U/W

This edition of International People Moves details appointments at broker TigerRisk Partners, Mosaic Insurance and MGU Carbon...
 
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Insurance Journal Blogs and Columns

 

That's A Hard No

That's a hard no. I like that phrase. Simple. Direct. Expresses exactly what I mean. Sometimes it's just no. No negotiation. No...
 

New Guide Makes the Case for Growing Your Distribution Channels with Producer Management Technology

This post is part of a series sponsored by AgentSync. Producer management and licensing compliance isn't the most attractive part of...
 
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Research and Webinars

 
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Why E&S is a Huge Opportunity for Independent Agents

It's shaping up to be the best E&S lines market in U.S. history. Are you realizing the benefits? In this whitepaper, we'll...
 
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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...
 
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4 Agents Share Success Moving Out of Their Comfort Zones

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

Risk Management Checklist: Are you helping your clients navigate their critical areas of risk?

Use this tool to keep track of all the areas of risk your clients might be exposed to and ensure you're helping cover them all....
 
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How to Coordinate Client Communication Seamlessly Across Departments

Hear from Nationwide and Salesforce about innovative strategies and processes to personalize the customer experience. Owning...
 
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Insurance Journal TV

 
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Sign up Today for The InsurTech Summit 2022!

We're back and excited to bring to you another group of industry professionals ready to tackle...
 
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EP. 44: Legal Expert Warning Obscure Law Could Cause Problems if Cannabis is Legalized

If Congress ever gets around to legalizing cannabis, the process of revoking federal...
 
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