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Insurance Journal - Property Casualty Insurance News

Insurance Journal delivers the latest business news for the Property & Casualty insurance industry

Actived: Friday Jan 22, 2021

URL: https://www.insurancejournal.com/

N.Y. Court Takes Contrary Position on Insurers’ Right to

Details: It has long been understood that under New York law, an insurance company may recoup defense costs paid on behalf of an insured once it has been ultimately determined that there was no coverage in

› Verified 5 days ago

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Nearly Two-Thirds of Global Catastrophe Economic Losses

Details: Of this total, private sector and government-sponsored insurance programs covered $97 billion, leaving a protection gap of 64%, which is the portion of economic losses not covered by insurance.

› Verified 2 days ago

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2020 Could Make 2021 the Year of Insurance Agency E&O Lawsuits

Details: Insurance agents and brokers should prepare for a big agency errors and omissions (E&O) litigation wave to crash their shores in 2021. Agency E&O claims are a lagging indicator, meaning plaintiffs

› Verified 6 days ago

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Tennessee Insurance Dept. Makes Multiple Leadership Changes

Details: The Tennessee Department of Commerce & Insurance (TDCI) has announced multiple senior leadership role additions and staffing updates from Commissioner Carter Lawrence. Jennifer Peck Jennifer Peck

› Verified 2 days ago

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New York Court: Uber Drivers Are Employees Eligible for

Details: The decision was born of similar circumstances to Lowry’s case, reaching New York state’s top court as Postmates sought to overturn the state’s Unemployment Insurance Appeal Board’s

› Verified 2 days ago

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Georgia Spending $200K a Year on Indicted Insurance Chief

Details: Georgia taxpayers are spending nearly $200,000 a year in salary and benefits for an insurance commissioner who’s been suspended for nearly two years. When Insurance Commissioner John King

› Verified 22 hours ago

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Cross Insurance Partners with Connecticut’s Daigle

Details: Cross Insurance, a subsidiary of Cross Financial Corp., based in Bangor, Maine, and an independent insurance provider in New England, has partnered with Daigle & Travers Insurance of Fairfield

› Verified 8 days ago

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USI Insurance Services Acquires CB Insurance in Colorado

Details: USI Insurance Services has acquired Colorado Springs, Colo.-based CB Insurance LLC. Terms of the deal were not disclosed. CB Insurance and its predecessors have served the needs of the Colorado

› Verified 8 days ago

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Florida’s Property Insurance Market Is ‘Spiraling Towards

Details: Florida’s property insurance market is “spiraling towards collapse” and requires immediate attention if there is any chance of protecting the market, consumers, and ultimately, the state’s

› Verified 6 days ago

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Insurtech - Latest Resources from Insurance Journal

Details: Jan 11 2021 // Apollo Insurance Solutions Ltd., the Toronto-based online insurance company, announced it has closed an oversubscribed C$13.5 million (US$10.6 million) Series A financing round,

› Verified 9 days ago

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Best Agency to Work For Midwest: DSP Insurance Services

Details: That’s one of the guiding principles at Schaumburg, Ill.-based DSP Insurance Services that employees cited over and over again in 2020 Insurance Journal’s Best Agencies to Work For survey as a

› Verified 6 days ago

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Smith Brothers Insurance Acquires New York-Based Shank

Details: Smith Brothers Insurance has acquired New York-based independent insurance broker Shank & Falvey Insurance, with locations in East Greenbush and Kinderhook. The acquisition expands Smith Brothers

› Verified 15 days ago

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BGC Insurance Rebrands as Corant Global

Details: BGC Insurance (BGCI) has rebranded as Corant Global Ltd., which will become the holding company for all the insurance interests of BGC Partners Inc., a global brokerage and financial technology

› Verified 8 days ago

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Insurance Broker Aon Drops Trump Organization

Details: Insurance broker Aon has ended its business relationship with the Trump Organization, Insurance Journal has learned. The Trump Organization is the hotel, luxury residence and golf course business

› Verified 15 days ago

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Insurance Veterans Lead Confianza, Big Data Analytics

Details: Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder – Jeffrey Glazer – is a past chief executive officer of

› Verified 8 days ago

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AM Best, Moody’s Rate Personal Lines Insurance Market

Details: AM Best kept its stable market segment outlook on the U.S. personal lines insurance segment for 2021, citing the segment’s strong risk-adjusted capitalization and profitable underwriting

› Verified 8 days ago

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First Mainstreet Acquires Nissen-Caven Insurance, Tyler

Details: First MainStreet Insurance (FMSI), an affiliate of TrueNorth Companies, has acquired two Iowa-based agencies: Nissen-Caven Insurance and Tyler Insurance Services. Nissen-Caven Insurance joined

› Verified 13 days ago

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Insurers Winning Most, But Not All, COVID-19 Business

Details: “Business-insurance policies are meant to cover physical things,” said Sean Kevelighan, the chief executive at the institute, which has more than 60 insurance company members.

› Verified 6 days ago

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Tennessee Touts 2020 Growth of Insurance Industry

Details: The Tennessee Department of Commerce & Insurance (TDCI) has located and returned more than $22.8 million to Tennesseans in combinedlife insurance benefits/annuities and monies through its

› Verified 7 days ago

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The Results Are In: How NFL QBs/Insurance Salesmen Mahomes

Details: Insurance Journal poll results from 291 readers indicate that young Mahomes (45%) scurried past veteran Rodgers (37%) as the best QB of the three insurance pitchmen.

› Verified 1 days ago

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New Insurance Group Inigo Gets Approval from Lloyd’s to

Details: The business was founded in 2020, with funding from blue chip international investors and the management team, and through the acquisition of certain, non-legacy insurance underwriting assets from

› Verified 5 days ago

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Top Insurance Regulatory Developments of 2020: Part 1

Details: The NAIC, state insurance regulators, consumer advocates, and the insurance ‎industry as a whole are especially focused on the exponential growth of the ‎industry’s reliance on artificial

› Verified 5 days ago

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The Gig Economy’s Auto Insurance Market and Surplus Lines

Details: The surplus lines insurance market and evolving motor vehicle trends would appear, at first blush, to be a match made in heaven. Surplus lines insurance companies that are eligible to write

› Verified 6 days ago

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Moment of Change: How the Insurance Industry Can Bridge

Details: The insurance industry’s support of communities of color must go beyond making financial contributions, Boone said. “That is wonderful and I do not want to diminish that at all, but let me

› Verified 12 days ago

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FEMA: NW Arkansas Preliminary Flood Insurance Rate Maps

Details: FEMA has made available for review Preliminary Flood Insurance Rate Maps (FIRMs) for certain municipalities and unincorporated areas in northwest Arkansas. The maps cover Elm Springs, Elkins

› Verified 13 days ago

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Top Insurance Regulatory Developments of 2020: Part 2

Details: This is the second installment of a two-part look at the top 10 insurance regulatory developments of 2020 by attorneys at Locke Lord. The first part on Jan. 22 covered COVID-19, Insurtechs, Data

› Verified 22 hours ago

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California Insurance Agents Arraigned in $687K Grand Theft

Details: Licensed insurance agents Robert Farmer, 65, of Camarillo, Calif., and Marion Urcan, 67, of Agoura Hills, Calif., were arraigned this week in Los Angeles County Superior Court on multiple counts

› Verified 15 days ago

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Top West Region Insurance M&As of 2020

Details: Crest Insurance Group acquired John Creps Insurance Agency in Flagstaff, Ariz. In May. The Creps Agency is a property/casualty agency also offering life and disability insurance in addition to

› Verified 22 days ago

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Florida Property Insurance Market Inches Closer to Crisis

Details: After years of warnings that the Florida property insurance market was heading towards an availability crisis, many in the industry say the moment of reckoning has arrived.

› Verified 5 days ago

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Flood Insurance Lessons Learned from the 2020 Hurricane Season

Details: The good news is that municipalities, states, insurance regulators, and even tangential industries such as real estate and banking are increasingly aware of flood risk. Flood insurance is easier

› Verified 6 days ago

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Insurance Journal’s Most Noteworthy Topics of 2020

Details: The Insurance Information Institute has estimated that damage costs from the rioting in the U.S. may rival the 1992 Los Angeles riots to become the most costly civil disorder in the country’s

› Verified 29 days ago

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Taxpayers, Not Insurance, to Cover Costs of Capitol Damage

Details: Taxpayers will pay for damages because federal agencies rarely carry insurance, industry and policy sources said. “Taxpayers will be on the hook for repairs to the Capitol,” said Stephen Ellis

› Verified 18 days ago

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Personal Auto Insurance Rates Fall Across the County

Details: Auto insurance rates are falling across the country an average 1.7 percent, with drivers in Michigan, Ohio, Kentucky, Arkansas and Louisiana seeing the biggest drops of more than 4 percent. This

› Verified 18 days ago

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Top East Region Insurance M&As of 2020

Details: BNK Insurance Services is a managing general agency that specializes in professional liability insurance for niche industries, including real estate agents, home inspectors and mortgage brokers.

› Verified 21 days ago

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Insurance Journal’s Top 10 Most Read Stories of 2020

Details: Motorcycle helmets, protest damage and COVID-19 pandemic-related lawsuits dominated the headlines in Insurance Journal’s Midwest region in 2020. Here’s a look back at some of most read stories

› Verified 1 months ago

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Insurance Journal’s Most Noteworthy Topics of 2020: East

Details: “Insurance is a fundamental tool in our economy,” said Founder and CEO Josh Lamberg in a December interview with Insurance Journal. “It provides the ability to make someone whole in the

› Verified 29 days ago

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Insurance Journal’s Most Noteworthy Topics of 2020

Details: Insurance market growth has slowed significantly from the heydays of 2016-2017 when direct premiums written grew by more than 30% a year and claims have doubled from 2017 to 2019, reported A.M

› Verified 29 days ago

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Heffernan Insurance Brokers Merges with Porter & Curtis

Details: Founded in 1998, Porter & Curtis LLC is an insurance advisory firm with expertise in religious organizations and sharing economy companies. It offers risk management capabilities, claims advocacy

› Verified 19 days ago

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Allied World Sells Majority Stake in - Insurance Journal

Details: The transaction is subject to customary closing conditions. Closing is expected in the first quarter of 2021. Founded in 2017, Vault is a combination of a policyholder-owned reciprocal insurance

› Verified 6 days ago

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Insurance M&A Rebound to Continue Into 2021: PwC

Details: Insurance mergers and acquisitions (M&A) rebounded from COVID-19 challenges in the second half of 2020. The trend should continue well into 2021 as companies unload non-core assets and purse cost

› Verified 5 days ago

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Canada Reports 20-Year High in Overseas Investment in

Details: The pandemic is driving more customer demand for life insurance, according to a recent Capgemini report, and insurance companies are expected to be attractive investments in 2021.

› Verified 6 days ago

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Houston’s Skyward Specialty Names Burkhart President of

Details: Houston-based Skyward Specialty Insurance Group Inc. (Skyward Specialty) has appointed John Burkhart president of specialty lines with oversight of Executive and Professional Liability, Healthcare

› Verified 22 hours ago

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Maryland Insurance Agencies Accuse Erie Insurance of

Details: “Erie Insurance was founded on the core values of dignity and respect, and these values have been central to our success for more than 95 years,” he said. “We strive to create an environment

› Verified 5 days ago

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The Hilb Group Acquires Michigan’s Owen Moore Insurance

Details: The Hilb Group LLC (THG) acquired Linwood, Michigan-based Owen Moore Insurance Agency (OMA) in a transaction that was effective Dec. 31, 2020. OMA is a full-service property/casualty agency

› Verified 7 days ago

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WestPro Insurance Partners with Obsidian on Bars, Taverns

Details: WestPro Insurance Services has been a program manager for restaurants, bars and taverns general lability and liquor liability coverages since 2007. WestPro distributes the program solely through

› Verified 1 days ago

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Field Property Adjuster at Allstate / Insurance Journal Jobs

Details: Insurance Producer All Insured Washington DC, Remote Middle Market Broker Willis Towers Watson Chicago, IL Catastrophe Field Property Adjuster - Fort Lauderdale Allstate Fort Lauderdale, FL

› Verified 1 days ago

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Remote: Sales Deployment Specialist at Allstate

Details: Insurance Producer All Insured Washington DC, Remote Middle Market Broker Willis Towers Watson Chicago, IL Catastrophe Field Property Adjuster - Fort Lauderdale Allstate Fort Lauderdale, FL

› Verified 1 days ago

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How do NFL QBs Rodgers, Mahomes and Mayfield Rate as

Details: Travelers Insurance Profit Soared in Q4 on Fewer Claims, Investment Gains 2020 Could Make 2021 the Year of Insurance Agency E&O Lawsuits Prioritizing High-Risk Individuals for Vaccines May Not Be

› Verified 5 days ago

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Auto GHRN Administrator at Allstate / Insurance Journal Jobs

Details: Allstate Insurance Company has an exceptional career opportunity for a Good Hands Repair Network Administrator! Under limited supervision, this job is responsible for monitoring the activities of

› Verified 1 days ago

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