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October 11, 2022
 
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National

 

Information Expected to Emerge Slowly in Hospital Chain Cyberattack

Details of an apparent cyberattack on one of the largest health systems in the U.S. were slow to emerge as security experts on Oct. 7...
 

People Moves: MS Amlin's Slabbert Named CEO of MSIG Holdings

U.S. insurer and reinsurer MSIG Holdings reported that Johan Slabbert has been named chief executive officer of the Warren, New...
 

How One Computer Forecast Model Botched Hurricane Ian

As Hurricane Ian bore down on Florida, normally reliable computer forecast models couldn't agree on where the killer storm would land....
 

Uber Executive's Conviction Puts Spotlight on Secrecy About Hacking

The conviction of Uber Technologies Inc.'s former security chief on Oct. 5 has raised the specter that a high-profile criminal charge and...
 

Mississippi River Reopens to Barge Traffic After Low Water Closures

Two stretches of the southern Mississippi River were reopened to commercial traffic over the weekend after dredging operations deepened...
 

IICF Launches Hurricane Ian Relief Fund

The Insurance Industry Charitable Foundation (IICF) has launched the IICF Hurricane Ian Relief Fund to support those in need in the wake...
 

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...
 

MGAs: An All-Weather Distribution Channel for Soft and Hard Markets

Many reinsurers across the globe increasingly have been doing business with certain select managing general agents (MGAs), seen as market...
 

New and Revised Ian Loss Estimates, Images of Property Damage Published

On Friday, Oct. 7, RMS published a $53-$74 billion estimate of the range of losses coming to private market insurers...
 
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East

 

Judge Nixes Mars COVID-19 Insurance Bid But Leaves $1M Door Ajar

The U.S. District Court for Eastern Virginia has dismissed a complaint by petcare and food company Mars Inc. seeking insurance coverage...
 

Discriminatory Policing Suit Against Virginia Town to Go Forward

A lawsuit against a Virginia town that alleges its police department has operated in a way that led to unlawful racial discrimination and...
 

3 Bakeries Ordered to Pay $1M in Back Wages, Damages to 74 Employees

The U.S. Department of Labor said it has obtained a federal court order requiring that three bakeries located in Danbury, Connecticut,...
 
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Midwest

 

Crews Battling Paper Mill Fire in Michigan's Upper Peninsula

Crews from several fire departments were still battling a fire Monday that broke out late last week at a paper mill in Michigan's Upper...
 

Mutual of Omaha $600 Million Skyscraper to be Town's Tallest Building

Omaha will have a new tallest building once Mutual of Omaha completes its planned $600 million headquarters tower downtown in 2026....
 
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Insurance Jobs

 

Insurance Analyst (Multifamily) - Merchants Capital Corporation - Saint Paul, Minnesota

 

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

 
 
 

Southeast

 

Ian Claims in Florida Topping 449,000 So Far, But Many More Expected

The number of claims filed from Hurricane Ian continues to rise, topping 449,000 as of Monday, and estimated insured losses stand at more...
 

Alligators, Broken Infrastructure, Wreckage Greet Claims Adjusters in SW Florida

Damaged infrastructure created new obstacles for claims adjusters responding to Hurricane Ian, along with widespread flooding, damaged...
 

Insurers' Claims Investigation Work Product Protected After Alabama High Court Ruling

A company cannot be compelled to turn over its risk management work product that may include attorney-client information and claims...
 
More Southeast News »
 
 

South Central

 

Louisiana Insurance Commissioner Approves Citizens Rate Increase of 63%

Louisiana Insurance Commissioner Jim Donelon approved a significant rate hike for Louisiana Citizens residential property insurance...
 

ExxonMobil Ordered to Reinstate, Pay $800,000 in Back Wages to Employees Who Leaked Info

The U.S. Department of Labor's Occupational Safety and Health Administration ordered ExxonMobil Corp. to immediately reinstate two...
 
More South Central News »
 
 
 
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West

 

California Doctor Admits Illegally Prescribing 120K Opioid Pills

A Southern California doctor has pleaded guilty to writing prescriptions for more than 120,000 opioid pills over a six-year span,...
 

Hawaii Volcano Unrest, But No Signs of Imminent Eruption

Mauna Loa, the largest active volcano on the planet, is in a "state of heightened unrest," but is not erupting and there are no signs of...
 

FAA Warns About Type of Seaplane that Crashed in Washington

Federal authorities have issued a warning about a part of the tail in the type of seaplane that crashed in Washington state's Puget Sound...
 

Hub Acquires Investment Advisory Businesses of Quintes in California

HUB International Ltd. acquired the insurance brokerage and investment advisory businesses of Quintes Financial Services LLC and Quintes...
 
More West News »
 
 

International & Reinsurance

 

EU's Russia Oil Sanctions, Effective in December, Are Already Hitting Nation's Trade

European Union sanctions on Russian oil might still be eight weeks away, but they're hitting trade in the nation's crude already. The...
 

Lloyd's Finds No Evidence of Data Compromise From Cyber Attack

Lloyd's of London said on Monday that its investigation into a possible cyberattack had found no evidence of data compromise. "The...
 

Miner Glencore Faces Raft of Class-Action-Style Lawsuits in UK After Admitting Bribery

Glencore Plc faces a raft of class-action style lawsuits from investment and pension funds in the UK, months after the mining giant...
 

Air France, Airbus Execs Plead Not Guilty to Involuntary Manslaughter for 2009 Crash

A French criminal court opened the historic manslaughter trial of Air France and planemaker Airbus on Monday, with angry relatives...
 

Climate Standard Setters Must Avoid Hardwiring Disclosure Differences: G20 Watchdog

Standard setters must work faster to avoid hardwiring differences between their finalized climate-related company disclosures, which...
 

Lloyd's Re/Insurer MS Amlin Underwriting Ltd. Promotes Carrier to CEO

MS Amlin Underwriting Ltd. (MS AUL), the Lloyd's re/insurer, announced the appointment of Andrew Carrier as chief executive officer....
 

Jensten Group Completes Purchase of Ravenhall Risk Solutions

The Jensten Group, the UK-headquartered independent insurance broking group. has completed the acquisition of Ravenhall Risk Solutions,...
 

People Moves: Howden Names Industry Veteran Long to Chair Equine Unit; TMK Taps Beazley's Shastri for Life Sciences; Marsh Norway Hires WTW's Fagerli for Specialty

This edition of International People Moves details appointments at Howden, Tokio Marine Kiln (TMK), and Marsh Norway. A summary of these...
 
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Insurance Journal Blogs and Columns

 

Rising Insurance Costs Weigh Heavily on Real Estate Investors

This post is part of a series sponsored by SWBC. As your clients' trusted insurance broker, it's important to stay up to date on industry...
 

The Importance of DEI in Recruitment and Retention

This post is part of a series sponsored by IAT Insurance Group. To foster a diverse workforce with unique perspectives, purposeful...
 
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Research and Webinars

 
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Gig Work is Blurring Line Between the Personal and Professional. Now What?

Since the onset of the pandemic, work has undergone an unprecedented transformation, with new norms, attitudes, and expectations...
 
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What's the Cost of Slow Insurance Onboarding, Licensing, and Compliance for Your Organization?

Are you losing revenue while waiting for onboarding, licensing, and compliance? Your distribution workforce is the front line of...
 
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

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,...
 
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Your Online Reputation is Critical in Today’s Insurance Landscape

In today's insurance landscape, your online reputation is critical. This guide has everything you need to grow your online...
 
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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