National News

DriveID Can Block or Track Driver’s Mobile Use

Fleet managers and parents of teenager drivers were given another weapon in their battle against distracted driving on Tuesday. That’s according to Cellcontrol, the maker of technology to stop distracted driving. The Baton Rouge, La.-based company unveiled its driver identification …

XL Group Launches New Motor Cargo Truck Coverage

XL Group has added to its inland marine business with customizable coverage for mid-to-large size trucking operations in North America. Motor truck cargo coverage solutions includes flexible limits on 23 additional coverages, 22 optional endorsements, multiple reporting options and payment …

Brokerage Firm Fined $9M for Email Violations, Misstatements

LPL Financial LLC must pay a total of $9 million for significant email system failures and making misstatements to Wall Street’s watchdog, the regulator said on Tuesday. LPL, an affiliate of LPL Financial Holdings Inc., agreed to a fine of …

Wage and Hour Claims Among Top Threats to U.S. Employers

Federal wage and hour lawsuits have reached a surprise record high, according to a report by law firm Seyfarth Shaw LLP. Cases filed under the Fair Labor Standards Act (FLSA) in have continued to skyrocket in 2013, despite indications that …

GOP Questions Fundraising for Obamacare

With the White House already reeling from three major controversies, some Republican lawmakers are zeroing in on what they perceive is another possible scandal tied to President Barack Obama’s landmark health reform law just as it nears implementation. On top …

White House Urges Senate to Cut Crop Insurance by $1 Billion

The U.S. Senate should cut crop insurance subsidies, the most expensive part of the farm safety net, by $1 billion a year before it passes the new farm bill, the White House said on Monday. The five-year farm bill would …

Travelers Launches New Construction Pak- Builders’ Risk Product

Travelers has introduced Construction Pak – Builders’ Risk, an enhanced product to help construction projects of all sizes and types stay on schedule. From standard construction to complex undertakings such as highway projects, stadiums and high-rise buildings, the enhanced builders’ …

Karen Clark’s New Program Creates Realistic Hurricane Tracks, Loss Estimates

Just in time for the 2013 hurricane season, Karen Clark & Co. (KCC), a catastrophe risk and modeling firm, has released a scientific tool for creating hurricane tracks and wind speeds. Named WindfieldBuilder, the tool enables property/casualty insurance companies to …

Supreme Court to Hear Mutual Fund Whistleblower Case

In a case involving whistleblowers at Fidelity Investments, the U.S. Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as workers at publicly traded companies. Two Fidelity whistleblowers asked the court …

House Pushes for More Economic Analysis of Securities Rules

A divided U.S. House of Representatives on Friday passed a Republican-sponsored bill that would force federal securities regulators to conduct more economic analysis before adopting rules for Wall Street. The bill, which is not expected to make it to the …

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