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November 23, 2020
 
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National

 

Kemper to Pay $370M for Specialty Insurer Focused on Hispanic Market

Kemper Corp. has agreed to pay $370 million in cash for specialty auto insurer American Access Casualty Company and its related captive...
 

Johnson & Johnson to Pay $120 Million in NY Baby Powder Case

Johnson & Johnson has been ordered by a New York state judge to pay $120 million in damages to a Brooklyn woman and her husband, after...
 

Best Agency to Work For Overall: RightSure Insurance Group

From standup comedy and acting gigs to selling insurance - not the typical career path for the everyday independent agency owner but that...
 

America's Best Agencies to Work For

The votes are in for the 2020 Best Independent Insurance Agencies to Work For. While 2020 has been an unusual year for agency employees -...
 

Torrent Technologies Adds Palomar Admitted Coverage to Flood Platform

Torrent Technologies, a flood insurance technology and servicing company and part of Marsh, has formed an agreement with Palomar...
 

Praedicat Develops Insurance Tool for COVID-19 Liability

Praedicat, the Los Angeles-based liability emerging risk modeling firm, has developed an insurance tool for the casualty insurance...
 

Zurich Insurance in Talks to Acquire MetLife Unit for $4 Billion

Switzerland's Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc.'s U.S. property and casualty (P&C) car and home...
 
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Pandemic Has Little Impact on Agency M&A Activity: Report

There were 170 announced insurance agency mergers and acquisitions during the third quarter of 2020 compared to 173 for the same period in...
 
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6 Resiliency Tips for Any Leader

In the corporate world, some of us hold titles that automatically define us as a leader. However, if you need to use...
 
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East

 

Best Agency to Work For East: William A. Smith & Son Insurance

Not all insurance agents are created equal. At least that's what William A. Smith & Son Insurance states on its website, a claim that...
 

Theater at Renowned Jacob's Pillow Dance Center in Massachusetts Burns Down

A fire at the renowned Jacob's Pillow dance center in Massachusetts destroyed a theater building, but no one was hurt. The fire at the...
 

Connecticut Town Officials Charged in Probe of Hazardous Waste Dumping

Five former or current officials of Fairfield, Connecticut, are among several people who have been arrested in connection with the...
 
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Midwest

 

Best Agency to Work For Midwest: The Starr Group

"I LOVE working for this business. I look forward to working each day!!!" It's not every day that you hear an employee of any given...
 

Kemper to Acquire American Access Casualty in Illinois for $370M

Specialty insurer, Kemper Corp., has agreed to acquire American Access Casualty Co, and its related captive insurance agency, Newins...
 

5 Leaders Promoted at SECURA Insurance in Wisconsin

SECURA Insurance, based in Neenah, Wis., has promoted five company leaders: Amy DeHart, senior vice president and chief actuary; Dan...
 

Judge Declines to Halt Michigan's Recent Ban on Indoor Dining

A judge on Nov. 20 declined to halt a three-week ban on indoor dining in Michigan that is one of the most recent coronavirus restrictions...
 
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Insurance Journal's Charity Issue highlights volunteer efforts throughout the insurance industry.
Send us photos of your firm supporting the community so we can spread the goodness.
 
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Southeast

 

Best Agency to Work For Southeast: SouthGroup Insurance Services

Employees at SouthGroup Insurance Services don't just like where they work - they LOVE it. And going through the pandemic has only...
 

Mississippi Casino Sues Insurer Westchester for Not Paying COVID-19 Loss

A Mississippi Gulf Coast casino has become one of many businesses nationwide to sue its insurer for refusing to cover business losses...
 

Antidiscrimination Rules for Businesses OK'd by Georgia County Commissioners

A middle Georgia county has approved an anti-discrimination ordinance that would govern businesses, despite opposition from some....
 

The Liberty Company Insurance Brokers Adds Cuevas to Florida Office

The Liberty Company Insurance Brokers has added Mike Cuevas to the firm's Ft. Lauderdale, Fla., office. Cuevas has more than 30 years of...
 
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Business Income Insurance Demystified
 
Business income coverage is arguably one of the most important coverages your commercial clients should have. Get THE book on the subject.
 
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South Central

 

Best Agency to Work for South Central: G&G Independent Insurance

The team at G&G Independent Insurance in Fayetteville, Ark., is young, ambitious, motivated, and passionate about providing innovative,...
 

RSG's Trident Marine Managers, Global Special Risks Join Forces in Houston

RSG Underwriting Managers LLC has consolidated two of its current managing underwriting manager businesses, Houston-based Trident Marine...
 

Louisiana's Main Street Recovery Program to Award Another $2.3M in Grants

The Louisiana Main Street Recovery Program is adding another $2.3 million in funding to increase the number of grants that can be awarded...
 
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West

 

Best Agency to Work for West: Wood Guttman & Bogart

The phrase "truly cares" truly gets thrown around a lot, but it is being used so often by employees at Wood Gutmann & Bogart Insurance...
 

Vallejo $750K to End Lawsuit Over Police Beating

A handyman who was left bloodied after he was beaten and choked by Vallejo police will receive $750,000 from the city, it was announced...
 

Oregon Man Arrested After Tesla Crashes, Sends Batteries Flying

An Oregon man crashed a Tesla while going about 100 mph, destroying the vehicle, a power pole and starting a fire when some of the...
 

A Dozen Items Slated to Be Considered for California Export List

More items are being proposed for the California Export List than in recent memory, including coverages for cyber, parametric products,...
 

Judge Upholds Washington's Orders Against Armed Citizens Legal Defense Network

An administrative law judge upheld Washington Insurance Commissioner Mike Kreidler's fine and cease-and-desist order against Armed...
 

SPG Names Lamitola Chief Sales Officer, Stavrakis Takes Helm of Monarch

Specialty Program Group LLC has named Christopher Lamitola chief sales officer. Lamitola will provide sales and marketing guidance to...
 
More West News »
 
 

International

 

New Insurance Group Inigo Raises $800M of Capital; Founded by Former Hiscox Execs

Inigo Ltd., a new London-based insurance group, announced it has completed a capital raise of approximately $800 million from a...
 

Howden Buys Cyber and Tech Specialist Broker Safeonline

Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech...
 

Hamilton Launches New Bermuda Special Purpose Insurer Called 'Ada Re'

Hamilton Insurance Group Ltd. announced the launch of Ada Capital Management Ltd., a Bermuda-regulated insurance agent authorized to...
 

Ping An's Goal to Pivot from Finance Group to Tech Giant Is Now Threatened

The headwinds that toppled Ant Group Co.'s initial public offering now threaten a $22 billion dream of China's Ping An Insurance (Group)...
 

UK Finance Minister Is Optimistic About Brexit Deal - But Not at Any Price

British finance minister Rishi Sunak has said there is genuine progress in Brexit talks with the European Union, but that it would be...
 

Digital Lloyd's Syndicate Ki Goes Live with List of Broker Trading Partners

Ki, the first fully digital and algorithmically driven Lloyd's syndicate, announced the onboarding of its first trading partners to its...
 

Huge Vestas Wind Turbine Collapses in Northern Sweden in Rare Accident

A 230-meter tall wind turbine built by Vestas Wind Systems A/S collapsed at a site in northern Sweden over the weekend. The cause of the...
 

BMS Names Madell as Director in New Financial Lines Division

BMS Group, the independent specialist re/insurance broker, announced the appointment of Chris Madell as director in BMS' new Financial...
 
More International News »
 
 
 
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Understanding Business Income
 
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Insurance Journal Blogs and Columns

 

4 Items to Look at When Choosing Health Benefits

It's that time of year again. No, not the holiday season, although some of us will be able to gather this year for something close to our...
 
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Research and Webinars

 
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Discover All the Inherent Risks of a High Net Worth Individual

High net worth individuals and their families --- those with liquid assets of more than $1 million -- have an extensive variety...
 
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Key Insights from 2020 Auto Insurance Consumer Shopping Study

Boost retention by reaching out at the right time with the right message. Auto insurance consumers are shopping more than ever...
 
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How the Best Agencies Stand Out

Independent agencies today face an increasingly commoditized market, with new competitors constantly on the rise, and technology...
 
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Seismic Changes Ahead for D&O Insurance Segment

AM Best expects that the Directors and Officers (D&O) segment will soon undergo radical changes based on an examination of...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 2: Forget the Stars, Insurers are Shooting for the Cloud

Recent research shows that more insurers are taking advantage of cloud technology for data...
 
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EP. 14: What an Election Green Wave in Five States Means for the Industry, Insurers

Elections Part II Nov. 3 came and went, and while there's some still contentious feelings...
 
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New Discussions in the Forums

 

Agency Management System

Posted: Sat Nov 14 -- Does anyone have information on QuikFuzion? They sound great, just what my startup would need and the price is great. I just can't find any... FLMA
 

Workers' Comp Audit Companies- Your Opinion?

Posted: Tue Nov 10 -- Is any member familiar with some of the workers' compensation auditing companies that have been around for a while? If so, what is your... insight3fl
 
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Reader Comments

 

World Encouraged by Moderna, Pfizer Vaccines' Success in Trials

Posted: Mon Nov 16 -- Trump said we would have a vaccine by year's end. People who knew nothing mocked him. Time to give Trump credit, Rosenblatt? (please explain... Craig Winston Cornell
 

Independent Agents Seek Digital, Product Support From Carriers to Battle Direct Writers

Posted: Mon Nov 16 -- As long as the direct carriers keep using idiotic catch lines like " Buy only what you need", the independent agents will do fine. Jack
 
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