National News

Senior Market Presents Opportunities for Young Agent Specialists

The graying of America could be a great opportunity for young entrepreneurs, including young insurance producers. As the nation’s population continues to gray, the people who work in the many businesses and organizations that serve seniors are themselves getting older …

Drone Pilot Who Challenged FAA Authority Settles

The drone pilot who challenged the U.S. government’s authority over unmanned aircraft agreed to pay a reduced fine of $1,100 to settle his case. Raphael Pirker, a Swiss citizen who flew a small unmanned plane without government permission over the …

U.S. Adds Automatic Braking to Recommended Car Safety Features

The National Highway Traffic Safety Administration plans to add what it considers two “cutting-edge” automatic emergency braking systems to the recommended safety features included under its rating system for consumers. Transportation Secretary Anthony Foxx said  it is recommending two automatic …

Travelers CEO Fishman Reduces Outside Activities Due To Health

Travelers Cos. Chief Executive Officer Jay Fishman is reducing his activities that aren’t tied to the company after being diagnosed with a neuromuscular condition. “I have already begun to cut back fairly meaningfully on my non-Travelers commitments,” Fishman, 62, said …

Lockton Affinity, Monitor Liability Managers Partner on Accountants’ PL Program

Lockton Affinity, the affinity program management division of Lockton Cos., has selected Monitor Liability Managers (Monitor), a W. R. Berkley Company, for its national certified public accountant (CPA) professional liability program. The Lockton Affinity team currently serves more than 1,700 …

Travelers Q4 Profit Jumps 5% to $1.04B, Underwriting Gain Rises

The Travelers Companies Inc. today reported net income of $1.038 billion for the fourth quarter that ended on Dec. 31, 2014, up 5 percent compared to $988 million net income during the 2013 fourth quarter. Travelers said its fourth-quarter results …

HSB Introduces Technology Equipment Breakdown Coverage

The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has launched HSB TechAdvantage, an equipment breakdown and technology insurance that covers losses resulting from microelectronic failures. Microelectronics, with circuitry thousands of times smaller than a human …

Study Finds Big Disparities in Local Prices for Hip, Knee Surgeries

Hip and knee replacements, two of the fastest-growing U.S. medical procedures, are subject to huge – and apparently random – price variations within the same geographical areas, a new insurance industry study said this week. The study by Blue Cross …

Safety Group Seeks GM Bailout Information

The U.S. Treasury’s role in shielding General Motors Co. from car lawsuits after a 2009 bailout of the automaker isn’t confidential and should be made public, the Center for Auto Safety told a federal judge. The safety association’s president, Clarence …

Cyber Attack Retaliation Is Government’s Job: Poll

At a time when most people aren’t confident their workplace is safe from a hacking attack, respondents to the Bloomberg Global Poll are more certain about one thing: Vengeance is not mine. Companies shouldn’t get a pass from the government …

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