National News

AIG Signs Major Reinsurance Deal with Berkshire’s National Indemnity

American International Group Inc. announced that it has entered into a reinsurance agreement covering many of the long-term risks on previously-written commercial insurance policies. The agreement, with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., is effective January …

Nationwide Using Mobile-App Startup Sure to Sell Renters Insurance

On-demand insurance agency Sure has signed Nationwide as a partner in offering renters insurance via its real time mobile app. Using the Sure app (for iPhone and Android), consumers can now obtain a renters insurance quote, purchase a policy, and …

Cost of Most Serious Workplace Injuries Falls: Liberty Mutual

Workplace injuries and accidents that cause employees to miss six or more days of work cost U.S. employers $59.9 billion in 2014, the most recent year for which statistically valid injury data are available, according to the 2017 Liberty Mutual …

Investigation Concludes Tesla Not at Fault in Self-Driving Car Crash

The push to bring self-driving cars to American roads got a significant boost on Thursday when the nation’s chief auto safety regulator essentially cleared  Tesla Motors Inc.’s Autopilot system of fault in a fatal 2016 crash. The U.S. National Highway …

Aon in Talks to Sell Benefits Outsourcing Division: Reuters

Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier & Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. The divestiture would undo much …

Consumers Not Yet Convinced Driverless Cars Are Safer

Car makers and tech firms are convinced that driverless cars are the future, but they appear to be ahead of consumers in that thinking. Only 23 percent of Americans say they are willing to ride in an autonomous car, while …

Parker Joins Worldwide Facilities’ Financial Service Group

National wholesale insurance brokerage and managing general agent Worldwide Facilities said that Robert M. Parker has joined the team as Financial Services Practice Group counsel and program development coordinator. In the new role, Parker will promote the Financial Services practice …

Stone Named General Counsel for Marsh, Guy Carpenter

Marsh & McLennan Companies Inc. announced that Susan A. Stone has been appointed general counsel of the Company’s Risk and Insurance Services segment, which includes Marsh and Guy Carpenter.  Stone’s new role is effective as of Feb, 15, 2017. For …

Everest Insurance Launches Auto Buffer Coverage for Large Motor Fleets

Everest Insurance has launched an auto buffer product for U.S. clients with well managed motor fleets of 250 to 1,000 units. The product will be offered through a limited network of appointed wholesale brokers specializing in the transportation market. Connie …

Bluetooth Toothbrushes, Telematics, Fitbits and Data Tracking Acceptance

Twice a day, Scott Ozawa’s Bluetooth-enabled toothbrush tells his dental insurer if he brushed for a full two minutes. In return, the 41-year-old software engineer gets free brush heads and the employer which bought his insurance gets premium discounts. The …

National News Archives by Month