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Today's Headlines

 
October 12, 2022
 
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National

 

Stonybrook Capital Says Hurricane Ian Is Largest-Ever Insured Loss Event at Over $75B

Editors note: A previous version of this story published early Oct 12 had the loss at $75M in the headline. It has been corrected to...
 

Legal Challenges Could Hamper U.S. Rule to Limit Independent Contracting

Business groups will almost certainly file lawsuits in an attempt to delay or derail a rule proposed by the Biden administration on...
 

'Hardening' Property Catastrophe Market Enters 'Hard' Market Phase: Bank of America

European reinsurers will miss their earnings targets in 2022 - for the sixth year in a row - which is pressuring the industry to raise...
 

AM Best: Trouble Around the Bend for Commercial Auto Insurers After Good 2021?

For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim...
 

US Airport Websites Knocked Offline by Pro-Russia Hackers

A pro-Russian hacktivist group is claiming credit for a series of disruptions that temporarily knocked the websites of some US airports...
 

The Emerging Market for Active Assailant Insurance

So far in 2022, the U.S. has experienced multiple tragic mass shootings. One only needs to see the images on the news following the...
 

Top U.S. Homeowners Insurers Minimally Exposed to Losses from Ian: Moody's

A report from Moody's Investors Service clearly paints Ian as a loss event for Florida-only home insurers since large, national insurers...
 

MGAs: An All-Weather Distribution Channel for Soft and Hard Markets

Many reinsurers across the globe increasingly have been doing business with certain select managing general agents (MGAs), seen as market...
 

All of the Hurricane Ian Insurance Loss Estimates

Over the course of the last two weeks, Carrier Management and Insurance Journal have been reporting on estimates of...
 
More National News »
 
 
 
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East

 

Pennsylvania Jury Awards Corrections Officer $1M Over Retaliatory Firing Claim

A white Allegheny County jail corrections officer who claimed he was fired in retaliation for reporting racial and sexual harassment...
 

Buffalo Staffing Firm Settles Employment Discrimination Lawsuit

Staffing Solutions of WNY Inc., a Buffalo-based staffing company serving western New York, will pay $550,000 to settle an employment...
 

Virginia Healthcare Firm Ordered to Pay $703K for Overtime Pay, Retaliation, Damages

The U.S. Department of Labor reported that it has obtained a default judgment to recover $703,609 in back wages and liquidated damages...
 
More East News »
 
 
 
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Midwest

 

Fire Destroys Popular Minnesota Ski Lodge

Fire has destroyed the main lodge at a popular ski resort in northwestern Minnesota. Officials say the main building at Maplelag, which...
 

Ryan Specialty Appoints Senior Distribution Roles; VIAA Promotes Morris to Commercial Lines Coach

Ryan Specialty appoints new senior distribution leadership roles within Ryan Specialty Underwriting Managers Ryan Specialty,...
 
More Midwest News »
 
 
 
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Safety in the Restaurant Industry
 
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Southeast

 

Search for Victims Done, Florida Coast Begins Recovery from Storm

An army of 42,000 utility workers has restored electricity to more than 2.5 million businesses and homes in Florida since Hurricane Ian's...
 

Florida Shrimpers Lost Boats, Homes in Surge; Hope to Get Battered Fleet Back to Sea

The seafood industry in southwest Florida is racing against time and the elements to save what's left of a major shrimping fleet -- and a...
 

People Moves: Duffey at RPS, Drumwright at Starke Agency

RPS Elevates Duffey as President of Signature Programs Risk Placement Services, a specialty insurance distributor, announced that Russell...
 
More Southeast News »
 
 
 
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South Central

 

Texas Department of Work Comp Adopts MQRP Rule Changes

The Texas Department of Insurance, Division of Workers' Compensation (DWC) has adopted amendments to 28 Texas Administrative Code...
 

Oklahoma Insurance Commissioner Encourages Fire Prevention

Oklahoma Insurance Commissioner Glen Mulready is using fire prevention week to encourage policyholders to check on their home heating...
 
More South Central News »
 
 
 
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West

 

$2.75M Settlement to Washington Woman in Highway Crash

Washington state has agreed to pay $2.75 million to a woman who was seriously hurt in a rollover crash involving a state Department of...
 

$2.5M in Underreported Payroll by California Business Owners

Karamjit Nijjar, 57, his wife Rajinder Kaur Nijjar, 55, and their daughter Mandip Nijjar, 31, were arraigned today on four felony counts...
 

C3 Risk and B. Wood in California Merge Employee Benefits Practice

C3 Risk & Insurance Services and B. Wood Insurance in San Diego, California, have joined to expand employee benefits plan services. The...
 
More West News »
 
 

Insurance Jobs

 

Controller - New Jersey Insurance Underwriting Association - Newark, New Jersey

 

Insurance Analyst (Multifamily) - Merchants Capital Corporation - Saint Paul, Minnesota

 

Personal & Commercial Lines Producer - 413 Insurance Services, LLC - Georgia (GA)

 

Account Manager - First Baldwin Insurance - Foley, Alabama

 

Commercial Lines Underwriter - American Property Insurance Company - Eatontown, New Jersey

 
 
 

International & Reinsurance

 

'Hardening' Property Catastrophe Market Enters 'Hard' Market Phase: Bank of America

European reinsurers will miss their earnings targets in 2022 - for the sixth year in a row - which is pressuring the industry to raise...
 

Extreme Weather Poses as Big a Threat to Global Energy Security as Ukraine War: WMO

Energy infrastructure will become more vulnerable to extreme weather such as heatwaves and hurricanes, the World Meteorological...
 

QBE Opens Dutch Branch as Part of Europe Expansion Plans; 5 Senior Hires Announced

QBE said it will begin writing business in the Netherlands, incepting from January 2023, now that it has received regulatory approval...
 

Markets/Coverages: Lockton Launches Digital Asset Custody Insurance Facility; WTW Launches Risk IQ Portal for Direct Access to Modeling Tools

Lockton Launches Digital Asset Custody Insurance Facility Lockton has launched a digital asset custody insurance facility, which was...
 

People Moves: O'Leary Named CEO RSA Luxembourg; Northcourt Appoints Pool Re's Butler as Nuclear Industry Adviser; Aon Taps WTW's Dell'Aglio for Strategy & Tech Unit

This edition of International People Moves details appointments at RSA Luxembourg; Northcourt (the MGA and underwriter of nuclear risks),...
 
More International & Reinsurance News »
 
 
 
 
 
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Research and Webinars

 
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How to Tap into the Power of Community to Deliver More Value to Younger Consumers

Since the onset of the pandemic, work has undergone an unprecedented transformation, with new norms, attitudes, and expectations...
 
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Insurance Solutions to Get Your Team to Sell Faster

Are you losing revenue while waiting for onboarding, licensing, and compliance? Your distribution workforce is the front line of...
 
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How Reviews Can Get Your More Quotes

In today's insurance landscape, your online reputation is critical. This guide has everything you need to grow your online...
 
research

AmTrust Safety Series: Restaurants

Restaurant owners face a lot of challenges running their businesses. Knowing the most common and most dangerous injuries is the...
 
research

The Agents and Brokers Guide to D&O Policy Pricing

While general economic factors are always relevant to insurance pricing, in the current market, underwriters of D&O policies...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 47: How to Avoid Being a 'Sitting Duck' During a Disaster-Related Ransomware Attack

Atlantic Hurricane Season, which runs from June 1 through November 30, had a slow start this...
 
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EP. 57: Culture and Discipline Are Cannabis' Next Steps to Profit Through Risk Management

"Cannabis needs one thing right now, and that's profitability." That may sound like a strange...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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