National News

RIMS Report: Insurers, Employers Still Figuring Out Legal Marijuana’s Effects

Following the lead of a pioneering few, more states around the country are warming up to the idea of legalizing marijuana use for medical or recreational purposes, or both. But with legalized pot still in its infancy, it may be …

How to Interest Millennials in Insurance Careers

Many property/casualty insurance professionals are worried about how the industry is going to replace the huge population of baby boomers retiring now and over the next decade. Almost half of insurance industry professionals are over age 45, with 25 percent …

AIG’s Commercial Lines Improves in Q1

American International Group Inc.’s reported  good news in its commercial lines business during the first quarter that was partially offset by low interest rates and weak investment returns. AIG on Thursday reported net income increased more than 50 percent to …

AG Lynch Urges Corporate, Government Cooperation to Fight Cybercrime

Attorney General Loretta Lynch this week urged greater cooperation between the government and private industry to combat computer hackers, a key component of a new cyber- attack playbook released by the Justice Department. Speaking to a gathering of government and …

Judge Denies Daughter’s Cuba Damages Claim Under TRIA for Father’s Death

A federal judge who will sentence BNP Paribas SA Friday for violating U.S. sanctions against Sudan, Iran and Cuba on Thursday rejected a Cuban-American woman’s bid for compensation for her father’s death at the hands of the Castro regime. Marilyn …

RIMS Report: Insurance Gamechangers Include Cyber, Talent, Data

Protecting clients against growing and poorly understood risks associated with information technology system failures is a leading concern of the insurance industry today, a group of underwriters and brokers told risk managers this week. Along with cyber security, the insurance …

Supreme Court Narrow Ruling Finds Elected Judges Aren’t Politicians

Chief Justice John Roberts isn’t a politician — and he wants you to know it. That’s the message of a surprising 5-4 decision issued Wednesday by the U.S. Supreme Court in which Roberts provided the deciding vote. The court held …

AIG Enhances Cybersecurity Services for Cyber Risk Management Program

American International Group has formed new partnerships with cybersecurity experts to expand the risk mitigation and prevention services it offers cyber insurance clients. The partnerships include: K2 Intelligence, BitSight Technologies, RSA, and Axio Global. Services from these partners complement AIG’s …

Kinsale Introduces Law Enforcement/Police Professional Liability Product

Kinsale Insurance Co. has launched a new law enforcement/police professional product. Eligible accounts include boroughs, cities, counties, townships and villages’ law enforcement departments serving populations of 100,000 or less. Larger venues may be submitted for underwriting review. Target law enforcement/police …

Mayweather-Pacquiao Boxing Match Tests Media Copyright

With the biggest boxing match in years just days away, the fight to keep it off illegal streaming sites is well under way. HBO, Showtime, and the promoters for Manny Pacquiao and Floyd Mayweather filed a federal lawsuit on Tuesday seeking to …

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