Insurance Journal

Washington Roofing Company Fined $300K After Worker Falls From Roof

A Snohomish, Washington-based roofing company is facing more than $300,000 in state fines after a worker fell from a two-story home and was hospitalized. The Washington State Department of Labor & Industries cited Asset Roofing & Guttering In...

Posted: May 19, 2025

Judge Dismisses LA Sparks Player’s WNBA Suit, But She Can Pursue Claim Against Las Vegas Aces

A federal judge dismissed Los Angeles Sparks forward Dearica Hamby’s lawsuit against the WNBA, but said her litigation against the Las Vegas Aces over alleged mistreatment because of her pregnancy could continue. Hamby filed the suit in August...

Posted: May 19, 2025

Judge Scraps LA Sparks Player’s WNBA Suit; Can Pursue Claim Against Las Vegas Aces

A federal judge dismissed Los Angeles Sparks forward Dearica Hamby’s lawsuit against the WNBA, but said her litigation against the Las Vegas Aces over alleged mistreatment because of her pregnancy could continue. Hamby filed the suit in August...

Posted: May 19, 2025

Mexican Navy Ship Hits Brooklyn Bridge, Killing Two on Crew

A Mexican naval vessel carrying 277 people scraped the bottom of the Brooklyn Bridge on Saturday evening, leaving two crew members dead. The tall ship Cuauhtémoc “lost power and crashed into the Brooklyn Bridge,” New York City Mayor Eric...

Posted: May 18, 2025

Pairing Parametric and Standard Insurance Will Become More Common: East Carolina University Students

By Allen Laman Parametric insurance experts don’t see the coverage replacing traditional insurance. But how are the specialized products currently used–and how could their adoption expand in the future? Ten East Carolina students research...

Posted: May 18, 2025

Trouble Brewing? 6 New Risks for Winery and Brewery Clients

As consumers embark on a non-stop quest to find those perfect, Instagram-able moments, wineries and breweries are responding. Today, beer and wine tourists can step out of the taproom and sip Chardonnay by the pool, listen to live music, and …

Posted: May 18, 2025

Perpetuation Planning – Part Two

Last month’s column discussed the reasons to perpetuate a firm, the four common techniques to transfer ownership, pros and cons, and some options for internal perpetuation. This month we conclude with the remaining most popular options used by...

Posted: May 18, 2025

Diversification, Risk Modeling Top of Mind for Carriers as Cyber Liability Market Softens

By Elizabeth Blosfield As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth strategies, according to panelists at this year’s PLUS Cyber Symposium in New Yor...

Posted: May 18, 2025

Lights, Camera, Action: New Risks Emerge as Hollywood Goes Virtual, Hunts Tax Credits

Technology is playing a bigger role in entertainment than ever before. Today’s film and television industry is becoming more digitized in production, in particular, with physical risks being replaced by digital risks. “We’re seeing...

Posted: May 18, 2025

An Agent’s Guide to Expanding into Commercial Lines

Too many insurance agents lose out on lucrative opportunities by quoting only half of the business available to them. For the typical new agency owner, focusing on personal lines makes sense because it’s easier and more familiar. However, ignor...

Posted: May 18, 2025

Navigating the Landscape of Agency Agreements

The relationship between insurance agents, brokers, and carriers is vital to the successful operation of the insurance industry. At its core, this partnership rests on the agency agreement, trust, and clear communication. The Agency Agreement: Defini...

Posted: May 18, 2025

When Harassment Follows You Home: Managing Employment Practices Liability Risk in a Remote Work Era

The boundaries between work and home have never been blurrier. The shift to remote and hybrid environments brought flexibility, but for insurers and employers alike, it also introduced a new exposure: harassment claims in the virtual workplace. Accor...

Posted: May 18, 2025

Risk Management Considerations When Having Family Fun

One of my favorite recent additions to our Academy of Insurance catalog has been our How To Write series. We have used this series of sponsored content to highlight niche markets so agents can be exposed to what makes for …

Posted: May 18, 2025

Leaning into Uncertainty and Managing Risk

In a climate of rapid, often unforeseen change, leaning into uncertainty and adapting quickly is not easy but is always advantageous. For businesses to respond to challenges and harness opportunities for growth and development, understanding risk dri...

Posted: May 18, 2025

Auto Coverage Under a CGL Policy

Everyone knows that an ISO Commercial General Liability (CGL) policy does not cover the use of autos other than some limited coverage such as accidents arising from, for example, valet parking on or next to owned or rented premises. And, …

Posted: May 18, 2025

Industry Recruitment: Lessons Learned

Call it a mid-life crisis. A “come-to-Jesus” moment. Corporate existential angst. It was early 2022, and our organization–Insurance Agents & Brokers (IA&B), the association for independent insurance agencies in Pennsylvania,...

Posted: May 18, 2025

Drivers Keep Shopping

Auto insurance rates are finally leveling out, but drivers still continue to shop for better deals. According to a new J.D. Power 2025 U.S. Insurance Shopping Study, the rate of U.S. auto insurance premium price increases slowed to less than …

Posted: May 18, 2025

Taking a Step Back: Why It’s Important to Take Time to Unwind In an Industry That Never Stops

Like every kid, I looked forward to the freedom and relaxation of summer vacation with great anticipation when I was growing up. The idea of being completely free from the pressure to perform and the deadlines of assignments was always …

Posted: May 18, 2025

New North Dakota Law Shields Bayer From Roundup Lawsuits

By David A. Lieb A new first-of-its-kind law enacted in North Dakota could shield agrochemical manufacturer Bayer from lawsuits claiming it failed to warn customers that its popular weedkiller Roundup could cause cancer. Though the immediate effect m...

Posted: May 18, 2025

Severe Storm Batters St. Louis, Leaving At Least 4 Dead

At least four people died and authorities were searching from building to building for people who were trapped or hurt after severe storms including a possible tornado swept through St. Louis. The storms Friday afternoon tore roofs off buildings, rip...

Posted: May 16, 2025

Edison Plans $6.2 Billion Fire-Prevention Plan After LA Blazes

Four months after devastating wildfires swept across Los Angeles, Edison International’s Southern California utility submitted a $6.2 billion mitigation plan that includes installing hundreds of miles of underground distribution lines, among ot...

Posted: May 16, 2025

Widow of Arkansas Airport Director Killed in Raid Sues ATF Over Husband’s Death

The widow of an Arkansas airport director who was killed during a Bureau of Alcohol, Tobacco, Firearms and Explosives raid on his home last year sued the agency and several officials, claiming the agency and officers acted recklessly and negligently....

Posted: May 16, 2025

Severe Storms Sweep Through Midwest, Leaving Thousands Without Power

Storms accompanied by deep, booming thunder, lightning displays and powerful winds swept through parts of Wisconsin, Illinois, northern Indiana and Michigan overnight — leaving scores of trees down and thousands of homes without power. The National W...

Posted: May 16, 2025

Louisiana Plant at Center of Environmental Justice Fight Halts Operations

A petrochemical plant in Louisiana accused of increasing cancer risks for a majority Black community indefinitely suspended operations largely due to the high cost of reducing toxic pollution. Japanese firm Denka announced Tuesday that its synthetic...

Posted: May 16, 2025

Florida High Court Lets Stand Ruling on Damage Estimates in Supplemental Claims

The Florida Supreme Court on Thursday declined to consider a petition in a condominium insurance case, leaving in place conflicting rulings from Florida appeals courts. The non-decision in American Coastal Insurance vs. Patios West One Condominium As...

Posted: May 16, 2025