National News

Zurich North America Combines Commercial, Specialty Products; Horgan to Head New Unit

Zurich North America is bringing its Specialty Products business together with its North America Commercial Insurance as part of a continued streamlining of operations. The company said the move will provide easier access and greater consistency across North America and …

P/C Insurance Industry Again Reports Underwriting Loss in Q1

The U.S. property/casualty industry posted a first-quarter 2017 net underwriting loss of $841.5 million, according to preliminary financial results, continuing the industry’s underwriting loss trend seen in 2016. The first-quarter loss was significantly less than the $2.0 billion net underwriting …

Liberty Mutual Appoints Dekermanji Chief Underwriter for Specialty Energy

Liberty Mutual has appointed Jessica Dekermanji as senior vice president and chief underwriting officer of the National Insurance Specialty Energy unit. Dekermanji will lead a team of underwriting, risk control and account services professionals focused on expanding products and integrating technology to …

Republican Health Bill Would Cut Deficit by $119B, Add 23 Million Uninsured: CBO

A bill passed by U.S. House Republicans would cause 23 million people to lose healthcare coverage by 2026 while de-stabilizing health insurance markets in some states and making it hard for sick people to buy insurance, a budget watchdog agency said on Wednesday. …

Farmers Balk as Trump Budget Caps Crop Insurance Subsidies

U.S. farm groups on Tuesday pushed back against President Donald Trump’s proposal to slash agriculture spending, viewing it as a fresh threat to a struggling farm economy. The White House on Monday proposed $46.54 billion in cuts to federal government …

Automaker Tesla Hit by Union Charges of High Worker Injury Rate

A California-based workers advocacy group released a report on Wednesday saying that Tesla Inc. data showed its workers have been injured at a rate a third higher than the auto industry average. Worksafe made the analysis after being approached by …

Insurance Groups Welcome Delay in Liability Insurance Law Restatement

Insurance groups breathed a sigh of relief this week after legal scholars delayed a vote on a controversial restatement of liability insurance law. As reported by Insurance Journal, the American Legal Institute (ALI) on Tuesday formally decided to postpone a …

Target to Pay $18.5 Million to Settle States’ Claims from 2013 Data Breach

Target Corp. on Tuesday agreed to pay $18.5 million to settle claims by 47 states and the District of Columbia and resolve a multi-state investigation into the retailer’s massive data breach in late 2013. The investigation — led by the Attorneys …

Climate Change Research, Flood Mapping Funds Take Hit in Proposed Trump Budget

President Donald Trump’s first budget request to Congress would cut or eliminate a range of programs designed to reduce greenhouse gas emissions, as well those helping communities prepare for more intense flooding or hurricanes expected to result from climate change. …

There’s No ‘Typical’ Day in the Work Cycle for Whirlpool’s Risk Manager

How does a company incorporate a sustainable and cohesive risk management system for an enterprise with nearly 100,000 employees, 70 manufacturing and technology research centers located in 170 countries around the world, and $21 billion in annual sales? It’s a …

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