News Center

Business Insurance - _Risk Management

Court rules in favor of printer in ransomware case
A Maryland federal district court ruled Thursday that an insurer must indemnify a screen-printing business under its businessowner’s policy for costs incurred in a ransomware attack.

POSTED JANUARY 24, 2020 2:45 PM
Business Insurance names 2020 U.S. Insurance Awards finalists
Business Insurance on Friday announced the finalists for the 2020 U.S. Insurance Awards program.

POSTED JANUARY 24, 2020 2:44 PM
Retaliation tops EEOC charges in fiscal 2019
Retaliation charges once more represented more than half of the total charges filed with the U.S. Equal Employment Opportunity Commission in fiscal 2019 and comprised the largest category of losses filed for the ninth consecutive year, the agency said Friday.

POSTED JANUARY 24, 2020 1:09 PM
A racial discrimination double whammy
A man in Detroit is suing a Michigan bank for refusing to cash a check awarded to him as a settlement in a racial discrimination lawsuit and instead calling police on him, according to the Detroit Free Press.

POSTED JANUARY 24, 2020 11:48 AM
AssuredPartners buys Illinois brokerages
AssuredPartners Inc. acquired two Illinois brokerages this week, the Lake Mary, Florida-brokerage said in statements.

POSTED JANUARY 24, 2020 11:35 AM

News – Insurance Journal

Sompo International Hires Allied World’s James to Run International Insurance Business
Sompo International Holdings Ltd., a Bermuda-based specialty property and casualty re/insurer, announced that Julian James will soon join the organization to lead the London market and international insurance platforms. Subject to regulatory approval and after a short period of transition, …

POSTED JANUARY 23, 2020 2:16 PM
Massive Fire Scorches Six Row Houses in Staten Island
A fast-moving five-alarm fire severely damaged six row houses in Staten Island on Monday, displacing more than 30 people and causing minor injuries. John Sudnik, chief of the Fire Department of New York, said wood construction in the attics of …

POSTED JANUARY 23, 2020 1:14 PM
New Jersey Law Bans Sale of Flavored Vaping Products
The sale of flavored vaping products is banned in New Jersey under legislation Democratic Governor Phil Murphy signed Tuesday. Murphy signed the measure that moved to his desk amid a nationwide scare last year over mysterious illnesses linked to vaping. …

POSTED JANUARY 23, 2020 1:10 PM
The Hilb Group Acquires New York’s BR Vital Brokerage
The Hilb Group LLC (THG) has acquired New York-based BR Vital Brokerage Inc. (BRV). The transaction became effective January 1, 2020. Based in Brooklyn, N.Y., BRV is an independent brokerage primarily providing property and casualty insurance with a specialty in …

POSTED JANUARY 23, 2020 1:03 PM
Massachusetts’ EverQuote Hires Brainard as EVP of Engineering, Marketplace
EverQuote Inc., a Cambridge, Mass-based online marketplace for insurance shopping in the U.S., has hired David Brainard as executive vice president of Engineering, Marketplace. In this role, Brainard will serve as the operational leader of marketplace-wide engineering teams and platforms …

POSTED JANUARY 23, 2020 1:00 PM

The trusted source of unique, data-driven insights on insurance to inform and empower consumers.

The Joint Industry Forum Discusses the Push for Greater Inclusiveness
By Max Dorfman, Research Writer This year’s Joint Industry Forum (JIF) featured a panel titled “A 21st Century Workforce that Reflects the Communities We Serve,” with the speakers discussing the move to increase diversity in the insurance industry. Moderated by Margaret Redd, Executive Director, National African-American Insurance Association (NAAIA), the panelists noted that the push … Continue reading The Joint Industry Forum Discusses the Push for Greater Inclusiveness

POSTED JANUARY 24, 2020 7:19 PM
I.I.I. Joint Industry Forum: Panel Discussion on the Future of Insurance Marketing
By Brent Carris, Research Analyst, Insurance Information Institute The 2020 Joint Industry Forum began its afternoon sessions with an informative discussion on how businesses can best adapt to the tech driven customer experience. Moderated by Kathleen Bromage, Chief Marketing and Communication Officer at The Hartford, panelists resoundingly agreed that the shift in customer interaction must … Continue reading I.I.I. Joint Industry Forum: Panel Discussion on the Future of Insurance Marketing

POSTED JANUARY 23, 2020 7:00 AM
JIF Insights: Cowbell CEO On Simplifying Cyber For Smaller Firms
At Triple-I’s Joint Industry Forum last week, I had the opportunity to meet with Jack Kudale, CEO and founder of Cowbell Cyber, and learn more about how the startup aims to simplify and demystify cyber insurance for small and medium enterprises. Cyber remains a tough sell among smaller companies. As previously reported by Triple-I, many believe … Continue reading JIF Insights: Cowbell CEO On Simplifying Cyber
For Smaller Firms

POSTED JANUARY 22, 2020 6:07 PM
JIF 2020 Crystal Ball
My first Triple-I Joint Industry Forum (JIF) did not disappoint. Between panel discussions and conversations with thought leaders and decision makers from across the insurance industry,  I learned a lot and accumulated insights and leads that will feed this blog for some time to come. At a high level, an informal poll during one session … Continue reading JIF 2020 Crystal Ball

POSTED JANUARY 17, 2020 10:00 PM
Joint Industry Forum 2020: A clear vision for the insurance industry
Each year Triple-I hosts a conference called the Property/Casualty Joint Industry Forum. This event, which took place on January 16 this year, assembles key figures from the business, policymaking, and media spheres to explore topics of vital interest to the property/casualty insurance industry. During his opening remarks, Triple-I CEO Sean Kevelighan laid out many of the … Continue reading Joint Industry Forum 2020: A clear vision for the insurance industry

POSTED JANUARY 17, 2020 7:22 PM
Florida Dropped From 2020 “Judicial Hellholes” List
Each year the American Tort Reform Association (ATRA) publishes a list of “Judicial Hellholes”  — places where ATRA says laws and court procedures are applied in an “unfair and unbalanced” way in civil cases, usually to the disadvantage of defendants. Since the issue of social inflation has been trending in recent months, it’s no surprise … Continue reading Florida Dropped From 2020 “Judicial Hellholes” List

POSTED JANUARY 14, 2020 3:53 PM
Top 5 challenges for workers comp
The annual Focus on 5 survey by the National Council of Compensation Insurance (NCCI)  yielded the following issues that are keeping workers comp executives up at night: Will insurers be able to react quickly enough to preserve rate adequacy if loss costs start to rise after a sustained period of decline? How does an aging … Continue reading Top 5 challenges for workers comp

POSTED JANUARY 13, 2020 8:52 PM
From the Triple-I Daily: Our most popular content, January 4 to January 10
Here are the 5 most clicked on articles from this week’s I.I.I. Daily newsletter.   Judicial hellholes, American Tort Reform Foundation Storm of tumbleweeds buries cars, terrifies drivers and astounds police, New York Times What is social inflation, and why is it hurting insurance? Insurance Business Magazine 2020 Insurance Fact Book, Insurance Information Institute 2019 … Continue reading From the Triple-I Daily: Our most popular content, January 4 to January 10

POSTED JANUARY 11, 2020 1:00 PM
I.I.I. Joint Industry Forum: Registration Deadline Fast Approaching
I’m looking forward to attending my first Insurance Information Institute Joint Industry Forum next week.  The agenda for the January 16 event at the Marriott Marquis Hotel in New York City is packed with impressive speakers from across the insurance industry, as well as influencers from media, academia, and the world of politics and policy: … Continue reading I.I.I. Joint Industry Forum: Registration Deadline Fast Approaching

POSTED JANUARY 10, 2020 1:53 PM
2020 Insurance Fact Book Includes New Section On Emerging Risks
The Insurance Information Institute (Triple-I) 2020 Insurance Fact Book is now available. The 234-page digital publication features facts, figures, statistical tables, and charts on U.S. and global insurance markets. It also includes detailed data on direct premiums written and factors affecting U.S. auto, homeowners, and business insurance costs. Three unique insurance risks—cybersecurity, extreme weather, and … Continue reading 2020 Insurance Fact Book Includes New Section
On Emerging Risks

POSTED JANUARY 08, 2020 4:25 PM

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