We are back with another Big I Buzz. This week, we are discussing why Hyundai owners are being advised to park outside and a new Century 21 lawsuit. We are also covering some important dates that you'll want to add to your calendar from the IIAW. 

Hyundai Warns Owners to Outside, Recalls 180,000 SUVs

Hyundai SUVs could catch on fire because of an electrical short in a computer. Hyundai is telling some SUV owners to park outdoors. With the fire hazard, Hyundai is recalling 180,000 Tucson SUVs in the U.S. from 2019 through 2020. As of September 9th, Hyundai knew of a dozen engine fires caused by the problem, luckily without any injuries. In addition to the computer shortage, Hyundai says if the anti-lock brake warning light comes on, the SUVs should not be driven and owners should disconnect the positive cable on the battery. If needed, owners should contact a Hyundai dealer who will provide a loaner vehicle. 

For more information on the recall, click here. 

Century 21 Lawsuit Against Allianz, Liberty Mutual, Others Just One of Many

According to Insurance Business Magazine, "The battle against business owners and insurance companies over denied business interruption (BI) insurance claims has entered a new stage, as smaller businesses face insolvency and much larger companies prepare to sue insurers. Bloomberg reported that over 1,000 companies have sued because of denied business interruption claims related to COVID-19. 

Read more about the lawsuit here. 

 IIAW Calendar Reminders

1. Add our October 1st webinar, "Impact of COVID-19 on the Insurance Industry" to your calendar. Starting at 10 a.m. on October 1st, our featured speaker, Dr. Steven Weisbart, Senior Vice President and Chief Economist from the Insurance Information Institute will cover how COVID-19 has impacted the insurance industry. Dr. Steven Weisbart oversees the Institute's program of economic research and analysis, preparing studies in support of the organization's communications mission, speaking to media and conducting briefings for member companies, industry organizations and public policymakers. He is a specialist in annuities, pensions, and life, disability and long-term care insurance. Additional, Dr. Weisbart has authored several significant research papers and articles of insurance issues, including the threat of an avian flu pandemic and the effect of U.S. population on the property/casualty insurance industry. 

Register for the webinar here. 

2. Our Online Community is launching on November 1st. IIAW's Community will help our members, vendors, sponsors and IIAW staff to connect. In addition to this new benefit, we have a big incentive for members to participate: top contributors of our Community will receive gifts and prizes that will give back to their local communities, simply for participating!

We are excited to offer our members this free and valuable benefit, and we are eager that together, as a community, we can support your local communities. If you haven't already, read more about how we are supporting you and your local communities in our September magazine here. 

If you or someone within your company would like to be a part of our Online Community but don't have an account through our website just yet, please click here. Once we receive your information, we will get an account set up under your company's membership.

3. The first of the Big "I" Wisconsin CE Days is quickly approaching. On September 29th and November 2nd, you can earn up to eight P&C continuing education credits online in just one day. Big "I" Wisconsin CE Days are being offered by the IIAW in partnership with the Big "I" Virtual University. You can register for as many or as few classes as you'd like, and you can save 25% off with promo code BIGIWICEDAY!

For more news, check out the Action News section of our weekly e-newsletter Big I Buzz.  If you aren't subscribed, click  here to add your email to our emailing list. We hope that everyone has a great rest of their week!