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Today's Headlines

 
May 11, 2022
 
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National

 

Claims Frequency Up for 2021, but Workers' Comp Profitability 'Unprecedented'

For the first time in more than a decade, workers' compensation claims frequency, outside of COVID-19 illness claims, increased in the...
 

Face-Scanner Clearview Agrees to Limits in Court Settlement

Facial recognition startup Clearview AI has agreed to restrict the use of its massive collection of face images to settle allegations...
 

Court Says Musk Recklessly Tweeted 'Funding Secured' for Taking Tesla Private

A court said that Elon Musk's 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying "there was...
 

Major League Baseball Settles Wage Suit by Minors' Players

Major League Baseball said it's settling a complaint by minor league players about "poverty" wages, avoiding a trial with hundreds of...
 

D&O Market Has Most Profitable Year Since 2014 but Results May Be an Anomaly

The directors and officers insurance marketplace in 2021 enjoyed its most profitable year since 2014 but results have to be "viewed as a...
 

Biden Administration Asks U.S. Supreme Court to Shun Bayer Weedkiller Appeal

President Joe Biden's administration on Tuesday asked the U.S. Supreme Court not to hear Bayer's bid to dismiss claims by customers who...
 

Drones in Agriculture and More

Drones have become big business in the world of aviation. Today, drones represent the fastest-growing segment in transportation, with more...
 

Improving Company Culture: A How-To Guide

Every month since the onset of the pandemic, American workers started quitting their jobs. In November 2021, the number...
 
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Featured Events

 
Big I Maryland Annual Conference & Trade Show

Big I Maryland Annual Conference & Trade Show

August 21 / Flinstone, MD
 
 
 

East

 

Court Says Federal Law Preempts, Tosses New York Suit Over Amazon Worker Safety

A New York state appeals court on Tuesday dismissed state Attorney General Letitia James' lawsuit accusing Amazon.com Inc. of failing to...
 

Two Barges Break Free in Flooding, Float Down the Potomac

WILLIAMSPORT, Md. (AP) -- Two construction barges broke free from their moorings amid flooding on the Potomac River over the weekend and...
 

Day Camp Operator in Massachusetts Blames Benjamin Moore Stain for Fire

A company that runs a day camp for kids in Massachusetts is blaming Benjamin Moore for a fire on its property, alleging that the...
 
More East News »
 
 
 
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Midwest

 

Ohio Judge to Determine How Much Pharmacies Owe Over Opioid Crisis

How much money should CVS, Walgreens and Walmart pharmacies pay two Ohio counties in damages to help abate the effects of the opioid...
 

Michigan Governor: Last of $400 Auto Refunds Issued

Michigan Gov. Gretchen Whitmer announced this week that auto insurers should have issued the last of $400 per eligible vehicle insurance...
 

Prospect of Heavy Rain Threatens Rural North Dakota Dam

An engineer heading planned reconstruction of an aging dam in northeastern North Dakota warned the state's governor that upcoming...
 
More Midwest News »
 
 

Insurance Jobs

 

Sr. Auto Appraiser - Mercury Insurance Company - San Fernando Valley, CA

 

Deputy Superintendent for Property Bureau - Department of Financial Services - NYC, NY

 

Executive Underwriter – Wholesale Primary Casualty - Navigators, A Brand of The Hartford - Alpharetta, GA (Hybrid)

 

Service Operations Manager - Hub International - Seattle, WA

 

Vice President of Sales Development - Commercial Lines - Hub International - Washington or Oregon

 
 
 

Southeast

 

Florida Lawmakers to Hold Town Hall Meeting Ahead of Insurance Special Session

Three Florida legislators will hold a town hall-type meeting Thursday to gain input from residents ahead of the special session called to...
 

Florida, Louisiana Ranked Highest for Auto Insurance Costs

It's not just homeowners insurance costs that are high in Florida. A new report shows that Floridians continue to pay some of the largest...
 

Risk Strategies Acquires Insurance Center of Central Florida

Boston-based specialty insurance broker Risk Strategies has acquired The Insurance Center of Central Florida (ICCF), a property/casualty...
 
More Southeast News »
 
 

South Central

 

Florida, Louisiana Ranked Highest for Auto Insurance Costs

It's not just homeowners insurance costs that are high in Florida. A new report shows that Floridians continue to pay some of the largest...
 

SageSure, SURE Close Debut $150 Million Multi-Year Catastrophe Bond

SageSure and SureChoice Underwriters Reciprocal Exchange (SURE) announced that SURE, a coastal property reciprocal insurer whose policies...
 
More South Central News »
 
 

West

 

Massive New Mexico Wildfire Costs Top $65M

Many homes near America's largest wildfire survived the latest barrage of howling winds and erratic flames but New Mexico's governor said...
 

$11.4M Jury Award Prompts Oregon Resort to Change Bike Policy

Mt. Hood Skibowl in Oregon will keep cyclists off its forested trails this summer after losing a lawsuit from a man who said he slammed...
 

People Moves: Dohrmann in California Promotes Jensen; SAIF Names Graneto Vice President

Dohrmann Insurance promoted Brian Jensen to vice president in employee benefits. Jensen will be responsible for managing the operations...
 
More West News »
 
 

International & Reinsurance

 

Aircraft Lessors Begin 'Vigorous' Pursuit of Insurance Claims for Seized Jets in Russia

Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a "vigorous" pursuit of insurance claims while...
 

Lloyd's of London AGM to Go Virtual on Threat of Climate Protests

Commercial insurance market Lloyd's of London is encouraging members of its 100-odd syndicates to attend its annual general meeting next...
 

Allianz Sets Aside Another $2 Billion for Structured Alpha Fund Debacle

Germany's Allianz said on Wednesday it would set aside another 1.9 billion euros ($2 billion) as it braces for the outcome of U.S....
 

Major European Power Cable Suppliers Face UK Class Action Over Alleged Cartel

Major European power cable suppliers face a London class action that is seeking hundreds of millions of pounds in damages over...
 

Zurich Insurance in Talks to Sell $21 Billion Portfolio to Cinven's Viridium: Sources

Zurich Insurance Group AG is in advanced talks to sell a portfolio of German life insurance policies to Cinven's Viridium Group, the...
 

Howden Launches End-to-End Digital Trading Platform for Cargo Risks

Howden, the London-based international insurance broker, announced the launch of xTrade Cargo, the first end-to-end digital trading...
 
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Insurance Journal Blogs and Columns

 

SC Department of Insurance Misapplies Policy Language to Consumer's Detriment

Departments of Insurance exist, in part, to protect consumers from improper actions by insurance carriers. One of these actions is...
 

Federal Insurance Laws in the 2021-2022 Congressional Session

This post is part of a series sponsored by AgentSync. Federal regulations of insurance are few and far between thanks to ages of history...
 
More Blogs »
 
 

Research and Webinars

 
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Navigating a Sea of Uncertainty: 5 Reasons to Select a Cargo Policy

Port accumulation and trans-shipment delays. Extreme weather events. Fires at sea. These are just a few interconnected yet...
 
research

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...
 
research

5 Ways Predictive Analytics Helps Insurers Grow

Consumer activity is picking up as the pandemic wanes. With this surge in activity, many analysts believe the insurance industry...
 
research

EP. 7: Strategy Sessions - What is Embedded Insurance, and Is It the Future?

Strategy Sessions – A Lunch Hour Look at Critical Topics with Industry Movers and Shakers   Episode 7:  What is Embedded...
 
research

Attaining Compliance in the Cannabis Universe

Compliance in the cannabis industry is fraught with risk across areas like licensing, equipment, testing, distribution, and...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 37: Riding the Wave of InsurTech 3.0: What It Takes to Not Just Survive, But Thrive

As the InsurTech industry approaches the next wave of innovation, experts say this could mean...
 
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EP. 47: Cannabis Data Chief on Industry Growth, Opportunities

The cannabis business is big bucks. Global cannabis sales for 2022 will reach just over $35...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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