Insurance Journal

U.S. AG Garland Hails Aon-Willis Merger Termination as a ‘Victory for Competition’

U.S. Attorney General Merrick Garland today welcomed the decision by insurance brokers Aon and Willis Towers Watson to terminate their planned $30 billion merger. “This is a victory for competition and for American businesses, and ultimately, f...

Posted: Jul 26, 2021

Gulfstream Insurance Admits to Insolvency, Agrees to Liquidate

Personal residential insurer Gulfstream Property and Casualty Insurance Co. has agreed to liquidate according to a July 22 order signed by the Florida Office of Insurance Regulation. The Florida Department of Financial Services must agree to receiver...

Posted: Jul 26, 2021

Gulfstream Insurance Admits Insolvency, Agrees to Liquidate

Personal residential insurer Gulfstream Property and Casualty Insurance Co. has agreed to liquidate according to a July 22 order signed by the Florida Office of Insurance Regulation. The Florida Department of Financial Services must agree to receiver...

Posted: Jul 26, 2021

Understanding the Claim Process for Bonds vs. Insurance

This post is part of a series sponsored by Old Republic Surety. Thinking about building a book of surety business? As an insurance agent, you’ll want to understand how the surety claims process differs from the insurance claims process. You&#82...

Posted: Jul 26, 2021

2021 OUTSTANDING CSR of the Year STATE WINNERS Announced

AUSTIN, TX (July 26, 2021) – Each year, a group of exceptional insurance professionals are chosen by The National Alliance for Insurance Education & Research to compete for the National Outstanding CSR of the Year Award. To be eligible for &#8230...

Posted: Jul 26, 2021

Texas Lifting Insurance-Related COVID-19 Suspensions

A bulletin issued by the Texas Department of Insurance outlines actions the agency is taking to return to the ordinary course of business after Texas Gov. Greg Abbott rescinded suspensions of insurance-related statutes and rules issued in response to...

Posted: Jul 26, 2021

Homeownership Study of Minnesota’s Twin Cities Shows Increase in Rentals

A new study found that between 2005 and 2020, the percentage of single family rentals increased by over 10% in North Minneapolis, Southeast Como and parts of St. Paul, with Southeast Como’s rentals changing due, in part, to an aging …

Posted: Jul 26, 2021

Detroit Area Hit with Severe Storms, High Winds, Flooding

Thousands of utility customers in the Detroit area had no power on July 25 following a night of severe storms. DTE Energy reported nearly 135,000 customers in Oakland and Macomb counties had no service at 10:20 a.m. due to wind …

Posted: Jul 26, 2021

Viewpoint: Be Prepared Before Disaster Strikes

In the wake of 2020 and winter storm Uri, we have seen firsthand how disaster can strike anytime or anywhere, causing sometimes irreparable damage — and no business is immune. Perhaps one of the greatest lessons is the importance of …

Posted: Jul 26, 2021

Study: Many Texas Households Lack Homeowner’s Insurance

A study conducted the Texas Real Estate Research Center at Texas A&M University following winter storm Uri revealed a widespread lack of homeowners insurance in the state. The study shows households that are low-income, in nonmetropolitan areas,...

Posted: Jul 26, 2021

People Moves: ArgoGlobal’s Birtwistle to Howden’s New Reinsurance Casualty Team; Riddell Promoted to...

This edition of International People Moves covers appointments at London-based broker Howden Reinsurance and Berkley Re Australia. A summary of these new hires follows here. Howden Reinsurance, part of international re/insurance intermediary Howden B...

Posted: Jul 26, 2021

Carfagna, Hall Introduce Data Privacy Legislation in Ohio

Two Ohio state representatives have introduced legislation aimed at protecting data privacy by creating standards for the handling of data by businesses. Rick Carfagna (R-Genoa Township) and Thomas Hall (R-Madison Township) introduced House Bill 376,...

Posted: Jul 26, 2021

Workers’ Compensation Research Study Shows No Treatment Delays Due to COVID

COVID-19 did not delay medical treatment for workers’ compensation claimants, but did decrease the amount of emergency care and other services provided to injured workers, a study released by the Workers’ Compensation Institute concludes....

Posted: Jul 26, 2021

Managing Through Disruption: The Importance of Risk Management for Supply Chains

Over the last decade, we have witnessed many types of unpredictable disasters, including terrorist attacks, wars, earthquakes, economic crises, devaluation of currencies, SARS, tsunamis, cyber-attacks, and more recently the COVID-19 pandemic. Today&#...

Posted: Jul 26, 2021

Judge: Florida Condo Collapse to Receive $150m in Initial Compensation

As the remaining rubble from the collapse of a 12-story oceanfront condominium was cleared away Wednesday, a Florida judge said victims and families who suffered losses will get a minimum of $150 million in compensation initially. That sum includes a...

Posted: Jul 26, 2021

Former California Insurance Agent Sentenced for Embezzling Nearly $200K

Anna Gabriela Garcia, also known as Anna Nuno-Garcia, 48, of Capistrano Beach, Calif., was sentenced in Orange County Superior Court in Santa Ana after pleading guilty to two felony counts of embezzlement and grand theft for collecting premium paymen...

Posted: Jul 26, 2021

Oregon Home Manufacturer Sued for Alleged Racism, Discrimination

Two former employees of a home manufacturing company in eastern Oregon have filed a lawsuit saying they endured anti-Black racism and discrimination, and then were fired after reporting the incidents to managers. The lawsuit was filed in federal cour...

Posted: Jul 26, 2021

Firefighters Injured While Fighting Montana Wildfire

Five firefighters were injured when a thunderstorm and swirling winds in central Montana blew a lightning-caused wildfire back on them, federal officials said. All five remained in medical facilities and were still being evaluated and treated a day a...

Posted: Jul 26, 2021

California’s Largest Wildfire Torches Homes as Blazes Lash West

Flames racing through rugged terrain in Northern California destroyed multiple homes over the weeked as the state’s largest wildfire intensified and numerous other blazes battered the U.S. West. The Dixie fire, which started July 14, had alread...

Posted: Jul 26, 2021

Mayor Says New York City Businesses Should Mandate Worker Vaccinations

New York City Mayor Bill de Blasio urged the city’s private sector businesses to institute vaccine requirements for their employees, saying the “limits of a purely voluntary system” have been reached. Speaking in his weekly appearan...

Posted: Jul 26, 2021

Maryland County Commits to Change After Lawsuit Settlement

A $2.3 million payment to a group of Black and Latino police officers to settle their workplace discrimination lawsuit against a Maryland police department is the latest effort toward reforms within the department, a county official said Thursday. Pr...

Posted: Jul 26, 2021

Massachusetts Man Charged with Arson Following Great Barrington Blaze

A Massachusetts man is facing charges of arson and insurance fraud in connection with a fire that consumed a building he owned in Great Barrington. The building held apartments and a retail shop but was vacant when it went up …

Posted: Jul 26, 2021

Aon and Willis Towers Watson to Terminate $30B Merger; Aon to Pay $1B Fee to WTW

Aon plc and Willis Towers Watson announced that the firms have agreed to terminate their $30 billion business combination agreement and end litigation with the U.S. Department of Justice (DOJ). The proposed combination was first announced on March 9,...

Posted: Jul 26, 2021

Aon and Willis Towers Watson Terminate $30B Merger; Aon to Pay $1B Fee to WTW

Aon plc and Willis Towers Watson announced that the firms have agreed to terminate their $30 billion business combination agreement and end litigation with the U.S. Department of Justice (DOJ). The proposed combination was first announced on March 9,...

Posted: Jul 26, 2021

Update: Aon and Willis Terminate $30B Merger; Aon to Pay $1B Break-up Fee

Aon plc and Willis Towers Watson announced that the firms have agreed to terminate their $30 billion business combination agreement and end litigation with the U.S. Department of Justice (DOJ). The proposed combination was first announced on March 9,...

Posted: Jul 26, 2021