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October 10, 2022
 
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National

 

RMS Range of Insured Losses From Ian $53-$74B, 'Best Estimate' of $67B

Catastrophe modeler RMS chimed in on Hurricane Ian with an estimate of private-market insured losses from the storm of $67 billion. The...
 

Ian Death Toll in US Hits 100 Across Three States

The death toll from Ian reached 100 on Friday, making it the third most deadly hurricane to hit the mainland in a decade. The number of...
 

Insured Damages From Hurricane Ian $31-$53B: CoreLogic

Property data and analytics provider CoreLogic included new and updated projections of storm surge and flood losses for Hurricane Ian for...
 

Historic Homes May Prove to Be More Resilient Against Floods

Whenever historic homes get flooded, building contractors often feel compelled by government regulations to rip out the water-logged wood...
 

Opinion: Consumers Pay the Price as Regulatory Interference Drives Property Insurance Market Instability

Many states are facing a growing affordability and availability crisis in property insurance markets, and it's not just because of...
 

Core Specialty Completes Buy of Hallmark's E&S Operations for $40M

Core Specialty Insurance Holdings, Inc. and its subsidiaries said Oct. 7 that it has completed the acquisition of Hallmark Financial...
 

Study Shows Climate Change Made Droughts More Likely in 2022

Climate change made droughts in the Northern Hemisphere droughts more likely this year, a new study by a team of U.S. and international...
 

Sponsored: CoreLogic To Bring Property Insurance and Restoration Together for INTRCONNECT

This January, CoreLogic is combining the power of property insurance and restoration to put on an event unlike any other ...
 

Hotel Industry Pushes Through as Insurance, Economic Uncertainty Builds

A busy summer travel season provided a much-needed boost to the hotel industry but rising insurance costs and other economic factors...
 

Alt: U.S. Drivers Say They'd Pay More For Insurance To Avoid Telematics Monitoring

Despite inflation and rising costs, most Americans would rather pay more for insurance coverage than use data-monitoring...
 
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2022 Hispanic Market Report
 
In this annual report from Claritas, we examine the insurance behaviors and preferences of the fastest-growing segment in the U.S. - Hispanic consumers.
 
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East

 

City of Rochester Agrees to Pay $12M to Family of Black Man Killed by Police

City officials agreed to pay $12 million to the children of Daniel Prude, a Black man who died after police held him down until he...
 

Fan Sues Patriots Over Alleged Damage to Brady-Autographed Flag

The New England Patriots caused irreparable damage to a U.S. flag signed by Tom Brady by improperly displaying it in the team's hall of...
 

Two New York Hospitals to Pay $165M to Victims of Abuse by Gynecologist

Two New York hospitals have agreed to pay more than $165 million to 147 former patients who have accused a former gynecologist of sexual...
 
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Midwest

 

Group Forms to Try to Block Marijuana Passage in North Dakota

An addiction counselor who helped defeat a marijuana legalization proposal in North Dakota four years ago has launched a fresh opposition...
 

Ohio Contractor Faces $1 Million in Fines for OSHA Violations

A Millersburg, Ohio, contractor with a long history of disregarding workplace safety standards now faces more than $1 million in...
 

Mom Whose Son's Death Led to Missouri Jail Reforms Wins $1.2 Million Settlement

A mother whose son died less than an hour after he was transported from a Missouri jail to a state prison has won a $1.2 million...
 
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Southeast

 

Ending Florida Agency Led to More Development, Losses in Ian, Report Says

The shuttering of a state agency that was created to manage growth in Florida's vulnerable coastal areas may have helped fuel the steady...
 

AM Best Says Tower Hill 'Rearranging the Furniture;' Faces Surplus, Capital Problems

The downgrade of one of Tower Hill's insurance companies by AM Best financial rating firm, announced the day that Hurricane Ian nosed...
 

People Moves: Smith Named President of BoMont Group in Alabama

BoMont Group, an insurance brokerage and consulting firm based in Birmingham, Alabama, has named a former Floridian as president of the...
 

Florida Citrus Industry Squeezed by Hurricane Ian; Crop Insurance to Cover Some Losses

The waters have receded, but the stink lingers. As Emma Reynolds Ezell surveys the damage that a night of 100 mile-per-hour winds wrought...
 

Comp Insurer Antum Risk to Study Hospital Violence in South Carolina

The South Carolina Hospital Association plans to use data to address the growing issue of workplace violence, an effort that could...
 
More Southeast News »
 
 

Insurance Jobs

 

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

 

Property Claims Adjuster (Property & Casualty) - Electric Insurance - Remote

 
 
 

South Central

 

Texas DWC Recognizes Power Company With Lone Star Safety Award

The Texas Department of Insurance, Division of Workers' Compensation (DWC) recognized WPT Power Corp. with a third Lone Star Safety Award...
 
More South Central News »
 
 

West

 

California Updating Tsunami Hazard Maps for Seven Counties

The California Geological Survey has released updated tsunami hazard maps for seven counties to help users determine whether they are in...
 

Idaho Gender Discrimination Lawsuit Settled

An Idaho city has settled a federal discrimination lawsuit with a former library employee who said they were harassed and discriminated...
 

M4.4 Earthquake Confirmed in Northwest Oregon

A 4.4 magnitude earthquake struck northwest Oregon, the U.S. Geological Survey confirmed. No damage was reported but KOIN reports that...
 

California Department of Insurance Investigation Leads to Arrest of Two Men

A joint investigation into alleged illegal actions by bounty hunters has led to the arrest of two people. National City Police supported...
 
More West News »
 
 

International & Reinsurance

 

Air France and Airbus Face Manslaughter Trial in French Court Over Rio-Paris Crash

PARIS (AP) - Nicolas Touillou had just proposed marriage to his girlfriend. Nelson Marinho Jr. was heading off on a new oil exploration...
 

Many Companies Lack Targets for Employee Mental Health: Study

Only three companies out of 20 have published objectives for employee mental health management, a study from British charity investment...
 

Heavy Rains Ease Across Australia's East but Flood Threats Remain

Heavy rains eased across Australia's east on Monday, a slight relief for flood-weary residents but authorities warned another intense...
 

Lockton Launches Entertainment & Sports Practice for Caribbean, Central America

Lockton Caribbean & Central America (CCA) announced the launch of the insurance broking industry's first Entertainment & Sports practice...
 

Second Singtel Unit Hit by Cyber Attack, Weeks After Massive Optus Data Breach

Singapore Telecommunications Ltd. said on Monday its unit Dialog faced a cyber attack that potentially affected 1,000 current and former...
 

Hurricane Julia Hits Nicaragua Bringing Torrential Rainfall

MEXICO CITY (AP) - Hurricane Julia hit Nicaragua's central Caribbean coast on Sunday after lashing Colombia's San Andres island, and a...
 

People Moves: IQUW Taps Carpenter's Fisher as President; Consilium Snags 6 for Financial Lines From Ed Broking; Aon Commercial Risk Solutions Promotes 2 in EMEA

This edition of International People Moves details appointments at Consilium, IQUW and Aon Commercial Risk Solutions in EMEA. A summary...
 

Munich Re Commits to Stricter Policies for Oil & Gas Underwriting, Investments

Munich Re, the world's largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects,...
 
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Insurance Journal Blogs and Columns

 

An End of an Era: AB 5 and What It Means for Motor Carriers and Their Independent Contractors

This post is part of a series sponsored by IAT Insurance Group. For the last two-and-a-half years the entire nation has been tracking...
 
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Research and Webinars

 
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Sole Proprietor Insurance: Thoughts on Blending Personal and Professional Insurance Products

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...
 
research

Some Carriers Are Denying Coverage for Senior Living Facilities with Pull Cords. Now What?

One of the selling points for senior living facilities is the promise of easy access to assistance in an emergency. To that end,...
 
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

How to Get Your Clients the Most Favorable Prices and Terms Available in the D&O Market Today

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...
 
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