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Daily Headlines
April 24, 2017
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Today's Headlines


RIMS 2017: Why Cyber Should be Treated as Standalone Insurance

Treating cyber risk as a standalone insurance market holds the promise of unlocking the potential for meaningful coverage for both insurers ...

Intellectual Property Coverage Presents Challenges in Private D&O

Physical property damage due to natural disasters, weather-related or man-made incidents, can be relatively straightforward to assess, but ...
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Reconstruction cost, not market value or assessed value, drives homeowner coverage limits and is an important factor in determining a policy's premium. Hear CoreLogic's Susan Williams describe the difference and the variables that determine a policy's Coverage A. Listen Now!

Supreme Court Rejects GM Use of Bankruptcy to Block Ignition Lawsuits

General Motors Co.'s bid to block hundreds of lawsuits, potentially worth billions of dollars, over a deadly ignition-switch defect broke ...

AIG Study Shows How, Why M&A Insurance Claims Frequency Is Rising

The frequency of insurance claims surrounding mergers and acquisitions (M&As) is rising as large deals prove risky and the average payout ...

Tesla Pushes Back on Class Action Alleging Its Autopilot Software Is Dangerous

Tesla Inc. is facing its first legal challenge over self-driving technology in a case alleging the electric carmaker sold 47,000 vehicles ...

States to Get $485 Million for Prescription Drug Monitoring Programs

The federal government will provide states nearly half a billion dollars for prevention and treatment programs aimed at confronting the ...

New Modeling Product From AIR Worldwide Analyzes Client Cyber Risk

Catastrophe modeling firm AIR Worldwide has released a new cyber risk modeling application for the insurance and reinsurance markets. ARC ...

Willis Towers Watson Names Peiser Head of Broking North America

Global insurance broker and consultant Willis Towers Watson has named Joe Peiser as head of Broking, North America. Peiser will be ...

From MyNewMarkets.com What to Know About Insuring Fairs, Festivals and Other Special Events

The world of fairs and festivals has evolved well beyond the pie judging, chili cook-off, apple bobbing days of the traditional county fair....
Carrier Management

Leadership Advice: When to Get Outta the Way

Leadership is a funny thing. It works in some instances and does not work in others. Responses from followers surprise...
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Massachusetts Lawmakers Debate Pot Regulators' Independence

Recreational marijuana may be legal for adults in Massachusetts but who ultimately will be in charge of regulating and enforcing the new ...

Uber, Lyft Opposing Vermont Bill with New Requirements

Popular ride sharing companies Uber and Lyft are opposing a Vermont bill that would require the companies to greatly increase their ...

New York Passes $153B Budget Including Workers' Comp Reforms

The New York State Senate in April passed its $153 billion 2017-2018 state budget that includes reforms to workers' compensation in the ...

JLT Specialty USA Hires Beecher Carlson's Nolan in Massachusetts

JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), has appointed Molly Nolan as senior vice president. Nolan ...

1st Farmer Lawsuit Against Syngenta over China Trade Begins in Minnesota

The first of tens of thousands of U.S. lawsuits is about to go to trial against Swiss agribusiness giant Syngenta over its decision to ...

Sherman Named President of Michigan's Acrisure

Acrisure LLC, a national retail consulting and insurance broker based in Caledonia, Mich., has named D. Michael Sherman as president. ...

MJ Insurance Adds Parker, Slusser to Risk Management Team in Indianapolis

Indiana-based MJ Insurance, has welcomed two new additions to the risk management department in its Indianapolis headquarters, Aaron Parker ...

Tens of Thousands of Turkeys Killed in Iowa, South Dakota Fires

More than 25,000 turkeys have been killed in separate fires at farms in Iowa and South Dakota A fire at a turkey farm south of Wapello, ...
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Q&A With Florida Commissioner Altmaier, an Agent Turned Regulator

Florida Insurance Commissioner David Altmaier is just about to complete his first full year in the position since taking over for Kevin ...

Feds Grant $5.9M to West Virginia for Drug Addiction Fight

West Virginia will receive $5.9 million from the federal government to help fight drug addiction. U.S. Rep. Evan Jenkins and Sens. Shelley ...

South Carolina Stripper Shot on Job to Get New Workers' Comp Hearing

The quibbling continues over how much a South Carolina stripper should be compensated after being shot while on the job, with the state's ...

Residents in Southwest Florida Evacuated as Brush Fires Spread

Brush fires are threatening more than 2,000 homes in southwest Florida, and the Florida National Guard is helping to evacuate residents. ...
South Central

Despite Opposition, Controversial Insurance Bill Moving in Texas Legislature

Note: This story originally appeared in the Texas Tribune Texas property owners could face new hurdles when they try to sue their insurer ...

Texas Father, Son Charged in Alleged $16M Insurance Scam

Prosecutors say a Texas father and son have been charged in an alleged $16 million hearing aids insurance scam using American Airlines ...

Smith Joins Sales, Marketing Team at Crystal & Co. in Houston

Matthew Smith has been named a director within the national sales and marketing team in the Houston office of the national insurance ...

Minor Temblor Reported off Bay in Washington

A small earthquake struck near Port Townsend in Admiralty Bay. The Pacific Northwest Seismic Network says the earthquake happened shortly ...

Small Quake Rattles Northwestern Colorado

A minor earthquake rattled homes in northwestern Colorado over the weekend. The University of Utah Seismograph Stations reports the ...

Feds Will Use Fires to Lower Washington Wildfire Risks

To reduce the risks of wildfires, federal officials this spring are planning to conduct controlled burns on more than 9,000 acres of land ...

Everest Joins California Workers' Comp Rating Bureau Governing Committee

The Everest National Insurance Co. has joined the Governing Committee of the Workers' Compensation Insurance Rating Bureau of California. ...

China & India Lead U.S. in Renewable Energy Targets: Allianz

Renewable power investments will need to rapidly grow in the coming two decades to be in line with the Paris Agreement climate goals, ...

U.K. Has 1st Day Without Burning Coal for Power Since 1880s

The U.K. had its first full day without burning coal to make electricity since the Industrial Revolution more than a century ago, according ...

Hamilton Re to Buy Canopius' Excess Casualty Renewal Rights

Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced it has agreed to acquire the renewal rights to Canopius ...

Society Must Prepare for Disruptive New Techologies, Warns Alibaba Chairman

Alibaba Group Holding Ltd. Chairman Jack Ma said society should prepare for decades of pain as the internet disrupts the economy. The ...

UK's Aviva Buys Remaining 50% Share in Vietnam Joint Venture

Aviva plc has acquired VietinBank's entire 50 percent shareholding in its life insurance joint venture VietinBank Aviva Life Insurance Ltd. ...

At Least 2 Bidders Interested in IDB Unit, Tel-Aviv-Based Clal Insurance

Eduardo Elsztain, the Argentine real estate developer who controls Israeli conglomerate IDB Development Corp., said he has at least two ...

AXIS Re & China's Renmin University Offer Actuarial Scholarship

Bermuda-based AXIS Capital Holdings Ltd. announced the launch of the "AXIS Re Actuarial Scholarship" in partnership with Renmin University ...

Neon Appoints Sirius' Sethi as Senior D&F Underwriter

Neon has appointed Catherine Sethi as senior underwriter in its Property Direct & Facultative (D&F) team. Based in London, Sethi will ...
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Breckenridge Insurance Services Welcomes Property Investor and Real Estate Owned Expert Thomas Elder, AU, ASLI to Team

Atlanta, GA, April 24, 2017 -- Breckenridge Insurance Services announced insurance executive Thomas Elder, AU, ASLI, has joined the ...
Insurance Journal Blogs and Columns

6 Checkpoints Before You Have a Difficult Conversation

I've been on both sides of the desk, having a conversation that neither of us wanted to have. I've been the leader who needed to address an ...

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Slow to Adopt and Slow to Change

The industry is sometimes slighted for being slow to adopt changes in technology but it's not...
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Art Theft and How It Impacts the Insurance Industry

Bill Anderson, a managing partner of Brooklyn, New York-based Art Guard, recently spoke with...

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New Discussions in the Forums

Plymouth Rock
Posted: Fri Apr 21 -- Anyone familiar with or use Plymouth Rock Assurance? They are looking to move into Pennsylvania & we're unfamiliar with them. I know they're... InsuranceLady
NY Auto Liab Coverage for Scooter Rental Company
Posted: Wed Apr 19 -- I am looking to place auto liability coverage for a NY scooter rental company. Any suggestions on what carrier will write this coverage?... dmd
garage liability package Atlantic Casualty VS Scotsdale
Posted: Wed Apr 19 -- The best way to know for sure is to get a copy of each market's form library and compare. You could also ask a wholesale agent who... HonestTruth
Liberty Mutual rental - $94 a year ??
Posted: Mon Apr 17 -- Well I am into my mid-sixties so I would say I fit into the cynical mold. Plus being in the insurance business since 1984 I can definitely... etimer
Posted: Mon Apr 17 -- You should discuss this with an attorney as a forum board isn't the best place for legal advice Big Dog
Referral Fees in CT - Personal Lines
Posted: Wed Apr 12 -- Anyone paying referral fees to others for personal lines / new business leads? pageltd

Reader Comments

Texas Roadhouse to Pay $12M to Settle Age Discrimination Suit Filed in Massachusetts
Posted: Fri Apr 21 -- Age discrimination is rampant in the insurance industry. Used to see professionals in their 60's and early 70's changing jobs for better... Ben Thur
Family Sues Mental Health Contractor in Oregon Bridge Suicide
Posted: Thu Apr 20 -- Very sad that this women chose to take her own life but bottom line is that she chose to do this. What did the family want the health... mrbob
Florida Lawmakers Move Toward Repealing PIP Mandate
Posted: Fri Apr 21 -- Personal injury attorneys and PIP clinics statewide must be very, very concerned. What's next, tort reform? Fair Playing Field
How Meteorologists View 2017 Atlantic Hurricane Season
Posted: Fri Apr 21 -- In other words, they haven't a clue. Predictor
Calexit Supporters End 2018 Bid for California Independence
Posted: Wed Apr 19 -- We were really hoping the left coast would all secede. Agent

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April 17, 2017
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