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Daily Headlines
September 20, 2017
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Today's Headlines

National

After the Storm: Insurance Agents E&O Lessons Learned

Editor's Note: This is a republication of a January, 2013 article by Sally Coombs, who was then with Fireman's Fund Insurance Co, which is ...

Category 4 Hurricane Maria Barrels Into Puerto Rico

Hurricane Maria slammed into southeastern Puerto Rico as a Category 4 storm with the potential to inflict $30 billion in damages just two ...
 
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Sponsored by: Florida Association for Insurance Reform. Click here for more info.
Rub elbows with the leaders of Florida's property & casualty insurance industry at FAIR's Annual Insurance Industry Awards Gala on September 28, 2017, in Fort Lauderdale, FL. Keynote Speaker: Joe Petrelli, President of Demotech, Inc. Learn More.
 
 

Most Produce Farmers Hit by Recent Hurricanes Not Covered by Federal Crop Insurance

In the U.S, government-backed insurance plans help compensate farmers for losses after natural disasters. Unfortunately for the produce ...

Zebra Online Insurance Agency Gets $40M from Investors and New CEO from Kayak

The Zebra, an online auto insurance comparison marketplace, plans to use $40 million in new venture funding to double down on brand ...

A.M. Best Warns on Hurricane Maria Impact on Caribbean/Puerto Rican Insurers

Many insurers and reinsurers in the Caribbean and in Puerto Rico will be tested as they brace for Hurricane Maria, the second hurricane to ...

FedEx Goes Cyber Insurance Shopping After Profit Takes Hit from Attack

Package delivery company FedEx Corp. said on Tuesday a June cyber attack on its Dutch unit slashed $300 million from its quarterly profit, ...

Travelers' Cunningham Joins Liberty Mutual to Lead National Insurance Property

Liberty Mutual Insurance has appointed Gregg Cunningham as executive vice president, National Insurance, and general manager, National ...

From MyNewMarkets.com Brokers Bucking Disruption: How Wholesalers Hang On Through Change

As long as there is an insurance industry, wholesaler brokers believe they will have a role to play. "We will continue to be an important...
Carrier Management

CEO Viewpoint: How Drones Are Changing the Face of the Insurance Business

Sometimes it takes a tragedy--maybe even two tragedies--to change a paradigm. But just as Houston and parts of the west...
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East

Company in Fatal Queens Bus Crash Has Been Cited for Safety

The tour bus company involved in a crash with a city bus that killed three in New York City has been cited for several safety violations ...

New York State Prepares Long Island for Hurricane Jose's Impact

New York state officials have deployed members of the National Guard and specialized emergency response units to Long Island to prepare for ...

Former New Jersey Postal Worker Went Zip-Lining While on Disability

A former postal worker who had claimed a wrist injury prevented him from working posted photos of himself zip-lining and rappelling, state ...

IIABNY Appoints Lounsbury as Permanent President and CEO

The Independent Insurance Agents & Brokers of New York (IIABNY) has announced that Lisa K. Lounsbury has been appointed as the ...
Midwest

Landlord Settles Lawsuit Over Deadly Ohio House Fire for $360K

The owner of an Ohio home where a fire killed two adults and two girls is settling a lawsuit claiming she's liable because the rental ...

Kansas Banker Sentenced to Prison for Defrauding Bank, Insurance Company

Prosecutors say a former Kansas banker has been sentenced to prison eight months in prison for a wire fraud scheme that included the theft ...

Small Earthquake in Illinois Felt in 3 States

The U.S. Geological Survey reports that a small earthquake in southeastern Illinois was felt across parts of Illinois, Indiana and ...
Southeast

Agriculture Officials Say Florida Crops Devastated by Irma

Florida's agriculture commissioner said Monday that the path of Hurricane Irma "could not have been more lethal" to the state's farmers and ...

Georgia Gov Pledges State Funds for Local Community Irma Cleanup

Describing Hurricane Irma as a "catastrophic event" after viewing its destruction from the air, Gov. Nathan Deal promised last week that ...

Chemical Explosion at Florida Food Warehouse Injures 3

Authorities say three people suffered injuries in a chemical explosion at a Florida warehouse. Lakeland Fire Department officials said ...

Ferris Wheel Owner Says Injured Kid At Fault for Tennessee Fair Accident

The owner of a Ferris wheel in which four people were injured in Tennessee last year has responded to lawsuits over the incident, saying ...
South Central

2 New Insurers Approved to Do Business in Arkansas

Arkansas Insurance Commissioner Allen Kerr has approved two new companies to begin conducting insurance business in his state. Kerr granted ...

FEMA Not Relying on Trailers to House Hurricane Victims

The hurricanes that battered Texas and Florida have likely spawned the worst disaster-created housing crisis since Hurricane Katrina left ...

MarketScout Hires U.S. Risk's Vincent as VP in Houston

MarketScout, the Dallas, Texas based insurance exchange and specialty MGA, has expanded its Professional Liability Division with the ...
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West

Small Quake in Los Angeles Had Southern Californians Lighting up Twitter

A small earthquake with an epicenter just outside Los Angeles had people in Southern California talking on social media. The U.S. ...

24 Indicted in Staged Crash Case in Vegas Involving $500K in Claims

Nevada's top state prosecutor says 24 people have been indicted in a scheme alleging they staged car crashes and filed about $500,000 worth ...

California Commissioner Sums up Trump Battle, High on Cannabis Insurance

It's David vs. Goliath. That about sums up California Insurance Commissioner Dave Jones' feelings on his efforts to keep the remnants of ...
Sponsored by: IICF. 2017 Benefit Dinner Honoring Ryan Specialty Group. Wednesday, December 12, 2017. Click here for more information.
International

EU Seeks More Control Over Insurers and Financial Sector

The European Commission proposed on Wednesday transferring some powers to oversee the financial sector from national capitals in a move to ...

A.M. Best Warns on Hurricane Maria Impact on Caribbean/Puerto Rican Insurers

Many insurers and reinsurers in the Caribbean and in Puerto Rico will be tested as they brace for Hurricane Maria, the second hurricane to ...

Search for Survivors Underway after Mexico Earthquake; Hundreds Killed

Mexican search and rescue teams worked through the night after an earthquake rocked one of the world's largest urban centers, killing ...

XL Group Picks Dublin for Post-Brexit EU Headquarters

XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom ...

Papadopoulo to Succeed McElroy as CEO of Arch Worldwide Group; Rajeh Moves to CEO Worldwide Reinsurance

Arch Capital Group Ltd. announced that Nicolas Papadopoulo will become chairman and CEO of Arch Worldwide Insurance Group and chief ...

XL Catlin Adds EPLI, Cyber Coverage for Design Professionals in Canada

XL Catlin has added two optional coverages to its professional liability insurance for architects, engineers and other design businesses in ...
Sponsored Content

Agency E&O in a Disaster: How to Avoid Errors While Helping Insureds

Insurance Journal's Academy of Insurance announced an exclusive online discussion called "After the Storm: Preventing Agent E&O Claims in a ...

Global Aerospace Launches Aviation Professional Services Liability Insurance

Parsippany, New Jersey, September 20, 2017 - Global Aerospace, a leading provider of aerospace insurance, announces the introduction of ...
Insurance Journal Blogs and Columns

Do You Remember Before You Knew Insurance?

When Hurricane Andrew made landfall in August 1992, I was a young soldier. To be honest, I was much more interested in my young Army career ...

Key Items to Remember After the Storm Passes Over

I wasn't planning on writing about hurricane season again, but circumstances made it feel like the right thing to do. This hurricane season ...

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Here's How Surplus Lines Business Is Doing

Market competition is having an impact on all property/casualty insurers even surplus lines...
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Consumer Advocate Worries About 'Robot Cars'

Harvey Rosenfield, founder of Consumer Watchdog and author of California's long-standing and...

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New Discussions in the Forums

Take the Harford "Agent's Challenge"
Posted: Tue Sep 12 -- I am sick of the term "agency partners". Our Progressive rep has used this term... d's insurance store

Reader Comments

Florida on Alert for AOB Abuse as Irma Recovery Begins
Posted: Wed Sep 13 -- The day of the hurricane, there were lawyer ads on TV telling people to call them to help file their claims. Also by email and other social... Jack Kanauph
FTC, Congress, States Investigating Equifax Over Data Breach
Posted: Fri Sep 15 -- Wait for it: slap on the wrists is the worst thing that will happen to these scoundrels. Most likely: pay a tiny fine that is a fraction of... Doug Fisher
Small Businesses Can Manage, Cancel Own Policies with Next Insurance Portal
Posted: Thu Sep 14 -- Dear Insurance Journal, Web sites don't read your periodical. Agents do. Does this site point out the potential consequences of adding an... Jack Kanauph
Employers Expect Above-Average Rise in Cost of Employee Benefits in 2018: Mercer Survey
Posted: Mon Sep 18 -- We just got our renewal offer: 39.2% increase in premium!!! Again, thank you obamacare. Jack Kanauph

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