Insurance Journal

4 Things You Should Know about E&O Insurance for Insurance Agents

This post is part of a series sponsored by Darkhorse Insurance. Ever wonder how some insurance agents seem to glide through potential pitfalls without breaking a sweat? It’s not just about luck; it’s about having the right coverage. Error...

Posted: Nov 21, 2024

Key Benefits of Underwriter Link: Seamless Integration with Legacy Systems and Enhanced Client Satis...

This post is part of a series sponsored by Selectsys. In the competitive insurance industry, Wholesalers, MGAs, and Brokers are always seeking ways to streamline operations, integrate new technology with legacy systems, and provide faster, more accur...

Posted: Nov 21, 2024

Virginia Seeks $4.4 Billion Additional Federal Aid for Hurricane Helene Recovery

Citing the devastating impacts of Hurricane Helene in southwest Virginia, Governor Glenn Youngkin submitted a request to President Joseph Biden, President-elect Donald Trump and Congressional appropriators for $4.4 billion in federal support. Youngki...

Posted: Nov 20, 2024

AT&T Stadium Roof Debris Falls to Field Before Dallas Cowboys Game

ARLINGTON, Texas (AP) — A piece of the roof at the home of the Dallas Cowboys fell to the field while the retractable portion of it was being opened at least three hours before a 34-10 loss to Houston on …

Posted: Nov 20, 2024

Judge Tosses Ex-Arkansas Governor’s Suit Against Meta Over CBD Advertisement

A federal judge in Delaware on Monday dismissed a lawsuit filed by former Arkansas Gov. Mike Huckabee against social media giant Meta over advertisements using his name and image to sell CBD products. Huckabee, a Baptist minister and President-elect...

Posted: Nov 20, 2024

A-G Specialty Acquires Michigan’s First Agency TPA

A-G Specialty announced the acquisition of First Agency TPA, A Gallagher Company. First Agency TPA specializes in student and athletic accident coverage at both the interscholastic and intercollegiate levels, as well as special – risk programs...

Posted: Nov 20, 2024

People Moves: Columbia Insurance Group Names Rieth VP of E&S

Columbia Insurance Group (CIG), headquartered in Columbia, Missouri, hired Aaron Rieth as vice president of excess and surplus (E&S). In this newly created position, Rieth leads the development of CIG’s direct-to-agent E&S solution. Rie...

Posted: Nov 20, 2024

New Florida Legislative Leaders Talk Tough on Property Insurance, But No Specific Plans

Florida’s newest legislative leaders on Tuesday rattled some sabers about property insurance rates and claims but offered no agenda for the upcoming session that begins in March, according to state news reports. Incoming Senate President Ben Al...

Posted: Nov 20, 2024

Famous Gulf Coast Restaurant and Owner Fined $1.5M for Mislabeling Seafood

GULFPORT, Miss. (AP) — A Mississippi Gulf Coast restaurant and its co-owner it were sentenced Monday on federal charges of mislabeling inexpensive imported seafood as local premium fish. Mary Mahoney’s Old French House, founded in Biloxi in 196...

Posted: Nov 20, 2024

Library of Congress Says an Adversary Hacked Some Emails

The Library of Congress has notified lawmakers of a “cyber breach” of its IT system by an adversary, a hack of emails between some congressional offices and library staff, according to an email obtained by The Associated Press. The librar...

Posted: Nov 20, 2024

Hurricane Helene Isn’t the Only Big Storm North Carolina Is Recovering From

RALEIGH, N.C. (AP) — Almost two months after Hurricane Helene wreaked havoc on western North Carolina, Republican lawmakers grilled officials Monday over how they handled two other hurricanes that hit the state several years ago. As part of a massive...

Posted: Nov 20, 2024

T-Mobile Caught Hackers Early, Averting Data Leak

T-Mobile US Inc. was able to contain a recent network breach before it reached customers’ phones, according to people familiar with the matter. Hackers accessed edge-routing infrastructure and gained unauthorized access to a limited number of d...

Posted: Nov 20, 2024

$1M Settlement for Woman After Police Dog in California Bit into Her Scalp

A Northern California city has agreed to pay nearly $1 million to settle a lawsuit alleging police used excessive force after a K-9 dog bit into a woman’s scalp during her arrest, requiring her to get more than 200 stitches …

Posted: Nov 20, 2024

New York Insurance Broker Caught in $38 Million Nursing Home Tax Fraud Scheme

Prosecutors report that a New York insurance broker has admitted his role in a $38 million employment tax fraud scheme involving nursing homes he owned across the country, U.S. Attorney Philip R. Sellinger announced that Joseph Schwartz, of Suffern,...

Posted: Nov 20, 2024

How Will the Antitrust Showdown Launched Under Biden Change Under Trump?

The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden’s administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year. Although regu...

Posted: Nov 20, 2024

Markets/Coverages: Rokstone Launches Global Parametric Product

Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has launched Rokstone Parametric in partnership with NormanMax Lloyd’s Syndicate 3939. With an initial US$10 million worldwide facility, the product cover...

Posted: Nov 20, 2024

Slot Machine Operator International Game Reports Hacker Incident

International Game Technology Plc, operator of popular slot machines in casinos, said an unauthorized third party gained access to certain of its systems. The company has experienced disruptions in portions of its internal information technology syst...

Posted: Nov 20, 2024

Judge Weighs ‘Real Housewives of New York’ Cast Member’s Abuse Allegations

The lawyer for a former cast member of the “Real Housewives of New York” told a federal judge Thursday that the First Amendment cannot shield the show’s creators from a lawsuit alleging that the show’s participants were subjec...

Posted: Nov 20, 2024

Modern Cars Are Surveillance Devices on Wheels With Major Privacy Risks: Report

New research reveals serious privacy flaws in the data practices of new internet connected cars in Australia. It’s yet another reason why we need urgent reform of privacy laws. Modern cars are increasingly equipped with internet-enabled feature...

Posted: Nov 20, 2024

Accused of Going Too Far, UK Finance Regulator Plots Where to Go Next

The UK’s top financial regulator has spent much of its eleven-year history in combat with the industry it oversees, a tone set by its first chief executive Martin Wheatley, whose zeal for fining banks got him ousted in 2015. Now, …

Posted: Nov 20, 2024

Bank of Spain Estimates Floods Cost 0.2% of GDP in 4th Quarter

Last month’s catastrophic floods in eastern Spain are likely to have a negative impact of 0.2 percentage points on the country’s gross domestic product in the fourth quarter, the Bank of Spain said on Wednesday. More than 200 people died...

Posted: Nov 20, 2024

Cybersecurity in Insurance: Why Your Data and Compliance Can’t Afford to Slip

This post is part of a series sponsored by AgentSync. Data is at the core of the insurance industry. From the smallest independent agencies to the largest legacy carriers, insurance organizations of all sizes house data. This includes distribution ch...

Posted: Nov 20, 2024

US Faces Growing Crisis Over High Traffic Deaths, NTSB Chair Says

The United States must address a growing public-health crisis over traffic deaths that remain significantly higher than pre-pandemic levels, the head of the National Transportation Safety Board said on Tuesday. “Unlike most developed nations, U...

Posted: Nov 20, 2024

US High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood

Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that a wood-treating company &...

Posted: Nov 20, 2024

California Labor Commissioner Fines Hotel $10M for Worker Recall Law Violations

The Marriott Marquis San Diego Marina was fined $9.4 million by the California Labor Commissioner’s Office for violating the state’s worker recall law. The penalty is for the hotel’s reported failure to rehire 15 employees laid off...

Posted: Nov 20, 2024