National News

Why People Overestimate the Risk of Black Swan Events

In his 2007 book “The Black Swan: The Impact of the Highly Improbable,” finance writer Nassim Nicholas Taleb attempted to educate the public about the danger of rare, unusual events. This is obviously important in the world of finance — …

Climate Change and The Conservative Republican

If you’re a conservative Republican, there’s a decent chance that you believe in climate change. Compared with two years ago that is. Don’t tell this to Rush Limbaugh or presidential hopeful Donald Trump – though he seems to have warmed …

AAIS Offers Its First Personal Auto Program for Insurers; Includes 60 Endorsement Options

The property/casualty insurance advisory organization AAIS has unveiled its first standardized personal auto insurance program for use by insurers that it says is the first new auto program available to the industry in decades. The American Association of Insurance Services …

Marsh Reports Q1 Growth of 2%; Guy Carpenter 3%

Global insurance, risk and consulting firm Marsh & McLennan Companies Inc. reported growth across all of its companies in for the first quarter ended March 31, 2016. Consolidated revenue in the first quarter of 2016 was $3.3 billion, an increase …

Republicans Call for State Pools to Replace Obamacare Safeguards for Sickest Insureds

U.S. House of Representatives Speaker Paul Ryan called on Wednesday for an end to Obamacare’s financial protections for people with serious medical conditions, saying these consumers should be placed in state high-risk pools. In election-year remarks that could shed light …

President Obama Gets Trade Secret Protection Bill Passed by Congress

The U.S. Congress on Wednesday passed and sent to President Barack Obama legislation strengthening legal protection for companies’ trade secrets, including manufacturing processes and computer methods. The House of Representatives voted 410-2 to approve the “Defend Trade Secrets Act” on …

Uber’s $100M Class Action Settlement Falls Short for Some Drivers

Uber’s proposed settlement of a high-profile class-action lawsuit last week has drawn opposition from some drivers and other concerned parties as the ride-hailing service seeks to avoid reclassifying drivers as employees. The settlement, which still must be approved by a …

Robot Cars Complain About Humans’ Poor Roads, Lane Markings, Signage

Volvo’s North American CEO, Lex Kerssemakers, lost his cool as the automaker’s semi-autonomous prototype sporadically refused to drive itself during a press event at the Los Angeles Auto Show. “It can’t find the lane markings!” Kerssemakers griped to Mayor Eric …

Chubb Expands Environmental Insurance Products, Services

Chubb has broadened the availability of its premises pollution liability and other environmental insurance coverages and risk management products through its newly expanded distribution network. Chubb’s Environmental products distribution network has grown from nine to 48 branch offices, as a …

Some Senior Drivers Have Higher Crash Risk

Older drivers with a history of falling have a 40 percent higher risk of being involved in motor vehicle crashes. But despite this increased risk, drivers ages 40 – 80 still have a lower risk of being involved in a …

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