Features

Recreational Vehicle Rental Site Outdoorsy to Expand Its Insurance Division

Recreational vehicle rental marketplace Outdoorsy said it will use some of the $120 million it raised this year to expand its digital managing general agency that sells insurance to RV owners and renters in the U.S. and Europe. Austin, Texas-based …

Oregon Home Manufacturer Sued for Alleged Racism, Discrimination

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

Wells Media Executive Chairman Awarded Association’s Icon Award

The Insurance Marketing & Communications Association (IMCA) presented Mark Wells, executive chairman of Wells Media Group Inc., with the IMCA Icon award in recognition of extraordinary leadership and exemplary achievement in insurance marketing and communications. Wells recently celebrated 50 years …

Global Cyber Reinsurance Rates Soar by as Much as 40% During July Renewals: Willis Re

Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said this month, as ransomware attacks increase in number and severity. A ransomware attack on Colonial Pipeline in May shut the …

County in Washington Told to Pay $900K to Worker Over Retaliation

A federal jury ordered Washington’s King County to pay about $900,000 to a Black senior Metro transit worker who said he was retaliated against after alleging racial discrimination. The verdict by a jury in U.S. District Court in Seattle in …

Insurance Journal, Carrier Management Staff Win Editorial Awards of Excellence

Wells Media Group publications, websites, webinars, research and podcasts have won a total of nine 2021 Azbee Awards of Excellence from the American Society of Business Publication Editors (ASBPE). “The team is proud to be recognized by our publishing peers,” …

$5M Claims Filed Against Seattle for Handling of Mayor’s Texts

Two now-former public records officers who blew the whistle about Seattle Mayor Jenny Durkan’s missing text messages have each filed $5 million claims against the city, saying they faced retaliation and felt compelled to resign. Records officer Stacy Irwin, with …

Insurers’ Own Infrastructure Could Be Next Targets of Cyber Criminals

As “the next digital pandemic,” cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert. With “a lack of controls at [an] insurer, [you] could have catastrophic damages to an entire portfolio,” said Jack Kudale, …

Judge Advances Privacy Lawsuit Against Google Voice Assistant

A federal judge said Google must face much of a lawsuit accusing the company of illegally recording and disseminating private conversations of people who accidentally trigger its voice-activated Voice Assistant on their smartphones. U.S. District Judge Beth Labson Freeman let …

P/C Agency Mergers Rise 10% in First Half of 2021: OPTIS Partners

There were 339 announced property/casualty insurance agency mergers and acquisitions during the first half of 2021, up from 307 in 2020. According to OPTIS Partners’ M&A report, it was the highest recorded total for the first half of the year. …

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