National News

GetMyBoat Boat Rental Service Launches Boat Rental Insurance

GetMyBoat, a global peer-to-peer and boat rental and charter marketplace, has launched a global boat rental insurance product. Customized coverage is offered to boaters who book through the company or through any other service or platform. Policies can be purchased …

A.M. Best Downgrades Tower Group Again

Tower Group International must deal with more ratings downgrades from A.M. Best, spurred by its soaring net losses and uncertainty over whether it can carry its debts through an intended merger with ACP Re. A.M. Best said its revised ratings …

Ugly Is Beautiful for Hurricane Forecaster

When it comes to Atlantic hurricanes, brief and ugly is beautiful, at least to Phil Klotzbach, lead author of Colorado State University’s seasonal storm forecast. That’s because a ragged-looking tropical system that only lasts a few days is an indication …

Insurers on U.S. Financial Oversight Council Agenda for Next Week

The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. Treasury Department said on Thursday. The Financial Stability Oversight Council (FSOC) appears close to deciding whether it believes …

Young Male, Female Drivers Differ in Types of Crashes: Study

Young female drivers have more crashes at intersections and collisions with pedestrians than do young male drivers, who have more off-road and nighttime accidents than young female drivers. Gender is often related to what type of severe or fatal crash …

State Farm Enhances Claims Reporting App with Object Recognition Technology

State Farm has added object recognition technology to their Pocket Agent app to make submitting an auto claim via a mobile device easier and simplify the claims process. This new technology reduces the need for typing by using the mobile …

Report: Russian Hackers Attack 5 Big Banks, Steal Customer Data

Russian hackers attacked JPMorgan Chase & Co. and at least four other banks this month in a coordinated assault that resulted in the loss of gigabytes of customer data, according to two people familiar with the investigation. At least one …

After ‘Terrible’ Cancer Diagnosis, Benmosche Accelerated Exit from AIG

Robert Benmosche, who is stepping down this weekend after five years as American International Group Inc.’s chief executive officer, said he learned in May that he had nine months to a year to live. Benmosche, 70, said in an interview …

Advice to Bankrupt MF Global Could Cost Accounting Firm $1 Billion

A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd., a brokerage run by former New Jersey …

Soccer Moms, Players Sue FIFA Over Concussions

FIFA, soccer’s international governing body, was sued by soccer moms and players who claim the organization failed to adopt effective guidelines for dealing with concussions as more evidence links brain injuries to hitting the ball with the head. In their …

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