Monthly Archives: <span>January 2021</span>

2020 Agents of the Year

Welcome to Insurance Journal’s Agents of the Year report. This report features 25 agents who define what it means to be a successful independent agent today. These agents are more than top sellers. While they have achieved impressive success in …

Social Inflation Lesson: Not Settling Cost Insurer Millions in Suit by Excess Insurer

The defense team for Chubb Group’s Ace American Insurance Co. was confident that no jury would award more than $2 million in a wrongful death lawsuit filed by the family of Mark Braswell, who died on May 16, 2014, when …

Rates, Retentions Up in Employment Practices Liability Market: Report

In its annual survey of the employment practices liability insurance (EPLI) market, The Betterley Report found that rates are continuing their trend upward, in part because commercial rates in general are on the rise but more specifically thanks to COVID-19 …

People & Places

National Regine Fiddler has been appointed as chief marketing officer for insurer Hiscox in the U.S. Fiddler, who previously served as the chief marketing officer and head of Product at BankMobile, will report to and succeed Russ Findlay, who was …

Insurance Company M&As to Continue in 2021

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-effective advancements in technology, PwC said in a new report. The …

My New Markets

Professional & Management Liability Market Detail: Worldwide Facilities (www.wwfi.com) specializes in management and professional liability coverage. Coverage is available for D&O, EPL, crime, fiduciary, management liability, executive liability, public company D&O, nonprofit D&O, healthcare D&O, professional liability, architects & engineers, …

Logic & Language and Forms & Facts The Final Word on COVID-19 and Insurance?

Since this is an insurance coverage column, it’s perhaps fitting to initiate the new year with a look back at the biggest coverage issue of the past year and probably the past couple of decades. In 2001, the coverage question …

Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability

The Lloyd’s market is moving to end its insurance cover for coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022. As part of its plan to accelerate the transition …

Insurers Not Quitting on Cyber Even as Risks Mount

It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S. government agencies and dozens of private businesses through a tainted update downloaded for network-monitoring software made by SolarWinds. Potentially significant …

Introducing the 2020 Insurance Fraud Hall of Shame

The year 2020 would not be complete without a recap of America’s worst insurance fraud crimes. Homeless New Yorkers targeted in a $31.7 million slip-and-fall ring. A sober-home mogul trades sex for drugs. A billionaire insurance mogul attempts to bribe …