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Daily Headlines
November 20, 2017
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Today's Headlines

National

Drugmaker Purdue Moves to Settle States' Claims Over Opioids

Oxycontin maker Purdue Pharma LP is proposing a global settlement in an attempt to end state investigations and lawsuits over the U.S. ...

RMS Comments: What's Next If Flood Insurance Reform Passes? If It Fails?

Last week, the House of Representatives voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874) - a package of seven bills that ...
 
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How Lemonade Is Deciding Who Else May Sell Its Insurance

Digital insurer Lemonade reports that more than 400 businesses applied to sell its insurance within the first 24 hours after it offered to ...

Only a Third of U.S. Vehicles with Defective Takata Air Bags Repaired

Nearly two-thirds of the U.S. vehicles containing defective air bag inflators made by Takata Corp. remain unrepaired as automakers have ...

USAA Among Backers of Home Water Damage Prevention Startup Flo

Flo Technologies has unveiled Flo, an intelligent home water monitoring and conservation system that promises to help reduce water damage ...

Despite Recent Natural Disasters, Homeowners Fail to Enhance Coverage: Clearsurance

A recent online survey of 1,000 U.S. individuals uncovered that the majority (87 percent) are concerned about a natural disaster striking ...

Palomar Specialty Expands Residential Earthquake Product Into Additional States

Palomar Specialty Insurance Company has expanded its Flex Choice residential earthquake insurance product into the following states: ...

Schiavone Takes Over Allianz Global Specialty's Alternative Risk Team; Coppola to Head Financial Lines

Paul Schiavone has been appointed as global head of Allianz Global Corporate & Specialty's Alternative Risk Transfer (ART) business, taking ...

Best Agencies to Work For: Morris & Garritano - Overall Winner

It's no easy feat to survive as a small business let alone to survive and thrive after 132 years in operation. That's what Morris & ...

Tesla Debuts 500-Mile Electric Heavy Duty Truck

Tesla Inc. upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig's trailer and ...

From MyNewMarkets.com Cyber Insurance Trends With Small Businesses

Cyber insurance is now a hot topic and is increasingly being purchased by businesses of all sizes. Gone are the days when company executives...
Carrier Management

What Data Carriers Should Collect from Agents and Why

When it comes to sales and marketing, carriers that distribute through independent agencies are not in control.Sharing...
East

New York's Mackoul & Associates is a Business About People

Working toward joining the Minor Leagues as an umpire to becoming the CEO of an insurance agency may seem like a big career change, but for ...

Rolling Stone Slams Defamation Claim in University of Virginia Rape Story

Rolling Stone is defending itself against a defamation lawsuit over a discredited article about a University of Virginia gang rape by ...

$1.3M Settlement in New Hampshire Paralyzed School Football Player Case

A New Hampshire city and its insurance carriers have agreed to pay a former high school football player who was paralyzed in a 2010 ...

Penn. Couple Suing Police, Insurance Company After Hibiscus Mistaken for Pot

A couple who say they were handcuffed for hours in a police patrol car after their hibiscus plants were confused for marijuana are suing ...
Midwest

Best Agencies to Work For Midwest: Gibson -- Gold

Where Every Employee Is an Owner As one employee stated: "This is not a great place to work -- Gibson is the BEST place to work." That's ...

Minnesota Settles with 13th Life Insurance Company Over Unpaid Claims

The Minnesota Commerce Department has reached a settlement agreement with a major life insurance company that owed money to Minnesotans for ...

Crashes, Fatalities Jumped After Ohio Went to 70 Mph: Highway Patrol

The state highway patrol says crashes and fatalities jumped after Ohio adopted a 70 mph speed limit on many roads and highways. A patrol ...
Southeast

Best Agencies to Work For Southeast: LassiterWare - Gold

LassiterWare employee praise of the agency they say is the Best to Work for in the Southeast increased so much this year, the company was ...

Family Claims Safety Hazard Killed 5-Year-Old at Atlanta Rotating Restaurant

The family of a 5-year-old boy killed when he became caught in a rotating Atlanta restaurant is suing the company, saying it failed to ...

Fire Caused by Ventilation Fan Destroys Mississippi Factory

An electrical fire inside a ventilation fan is believed to have fed a Thursday fire that destroyed a northeast Mississippi factory. Alcorn ...

Gresham to Lead Expansion of Pinnacle Actuarial Resources into Carolinas

Consulting Actuary Legaré W. Gresham has established Pinnacle Actuarial Resources Inc.'s presence the Carolinas with the opening of an ...
South Central

Best Agencies to Work For South Central: BKCW -- Gold

The Place to Work for Insurance Veterans and Newbies Alike Employees at BKCW say there's a lot to like at the Central Texas-based insurance ...

Texas Governor Calls White House Disaster Aid Bill 'Inadequate'

Republican Texas Gov. Greg Abbott on Friday criticized as "completely inadequate" the Trump administration's $44 billion request to ...

Oklahoma Joins International Insurance Information Exchange Agreement

The Oklahoma Insurance Department has joined an international supervisory cooperation and information exchange agreement. According to the ...
West

450 Las Vegas Shooting Victims and Family Members of Deceased File Lawsuits

Attorneys representing more than 450 victims of the Oct. 1 Las Vegas mass shooting have filed lawsuits against the hotels where the ...

LP Insurance is Where Being Connected Also Means Talking

When people use the word "connected," they're typically referring to the cool vastness of cyberspace, where they can surf the web, send and ...

California Fires Will Add to 2017 Insurer Catastrophe Losses, Fitch Says

No U.S. reinsurance companies in Fitch Rating's rated universe are expected to be downgraded as a result of losses from the California ...

California District Settles Suit over Boy Killed While Walking to School in Fog

A California school district has settled a lawsuit from the family of a 9-year-old boy who was killed by a vehicle while walking to school ...
International

Reinsurance Sector's Share of Hurricane, Quake Losses Is $20B-$25B: A.M. Best

Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are ...

UK P&I Insurer North to Form Dublin Subsidiary as EU Post-Brexit Hub

British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after ...

Pen Underwriting Builds on QBE Partnership with Irish P/C Capacity Deal

Pen Underwriting has extended its strategic relationship with QBE into the Republic of Ireland, with a new property & casualty capacity ...

Technology Risk Mgmt Association TechAssure Names New Member in Germany

TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, has named German ...

XL Catlin Taps Coladon from The Guaranty as Fine Art & Specie U/W in Canada

XL Catlin has appointed Farzina Coladon as underwriter, fine art and specie (FAS) in Canada. Coladon is responsible for underwriting fine ...
Insurance Journal Blogs and Columns

What's Your Learning Style?

Hop in the way back machine with my for a minute and try to remember back when you were in grade school. See if you remember this: when I ...

What's the Lowdown?

WHAT'S THE LOWDOWN? Defined, I'm referring to the noun - "the true facts or relevant information about something" - not to be confused with ...

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Insurance Journal TV

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Workers' Comp Industry Grappling With Opioid Addiction

The workers' comp industry is in the midst of an opioid addiction epidemic, according to Karen...
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Superstorm Sandy's Impact on Flood Risk Assessment and Mitigation

Five years after Superstorm Sandy caused widespread devastation to the East Coast, Marc...

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New Discussions in the Forums

New Agent to be
Posted: Sun Nov 19 -- I've done it, exited, and came back. Wouldn't want to do anything else. If I didn't have a website, I wouldn't be where I'm at. Good luck! alaains1
E-Signature
Posted: Sun Nov 19 -- We use Docusign. Almost every commercial application in our agency is signed via docusign, it's trusted by many business owners and they are... alaains1
Is the independent insurance agency channel healthy?
Posted: Fri Nov 17 -- I think that part of the answer is in educating our customers on some of our... pageltd
Yodle for Marketing?
Posted: Fri Nov 17 -- You need to ask Yodle for the name and contact info for some retail... pageltd
Agency Management System
Posted: Fri Nov 17 -- Here's one worth looking at: http://www.agencysoftware.com/products/ pageltd
Binding Coverage Same Day as Quote
Posted: Fri Nov 17 -- Sure, I do it frequently. In some cases you can even back date coverage. Depends on the company. pageltd
Email Disclaimers
Posted: Wed Nov 8 -- Also for quotes: The proposal does not provide any insurance coverage to you. Based on the information supplied, this quotation is an... jtownagent
Medical Malpractice
Posted: Tue Nov 7 -- Sarkis - I didn't know if you had found an option, but I wanted to provide you our information. One of our specialties is Medical... BostonInsBroker
BOP vs. Commercial Package Policy
Posted: Tue Nov 7 -- There are quite a few standard carriers writing artisan contractor on BOP now. Some may have limited property coverage that cannot be... wariline

Reader Comments

Humans Must Fight the Driverless Dystopia: Viewpoint
Posted: Tue Nov 14 -- When all cars are autonomous, will all NASCAR races end in a tie? Jack Kanauph
Insurers Face Potential $1 Billion in Claims for Las Vegas Mass Shooting
Posted: Mon Nov 13 -- Unless the public is willing to have every piece of luggage searched they walk into a hotel with, I don't see any liability on the hotel or... Jack
Paid 'Climate Leave' May Be Next Employee Benefit
Posted: Fri Nov 17 -- Yogi, Those socialists and millenials in the Trump organization have fallen for the climate change hoax now, too! Can you believe it?! This... Doug Fisher
Connecticut High Court to Hear Sandy Hook Victims' Case Against Gunmaker
Posted: Tue Nov 14 -- When the courts get done with all of this the defendants, who will prevail, should be able to bring suit against the plaintiff's and their... mrbob
How To Stop the Next Harvey Weinstein: Viewpont
Posted: Fri Nov 17 -- You will never stop sexual harassment in Hollywood. There are 2 reasons for this, the first is that there are so many people willing to sell... David

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