National News

State Insurance Commissioners Name New Jersey’s Hartt to Financial Oversight Panel

The National Association of Insurance Commissioners (NAIC) has appointed Peter L. Hartt, director of New Jersey’s Insurance Division, to a two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC). Hartt will represent the interests …

Navigators Appoints New Leadership for Claims Operations

The Navigators Group Inc. has restructured its leadership team for its global claims organization. Glen Bronstein has been promoted to the newly created role of global chief claims officer. Bronstein joined Navigators to lead the U.S. claims organization in May …

AIG, Chubb, XL Lead in $1 Billion U.S. Cyber Insurance Market: Fitch

About 120 U.S. insurance groups wrote an estimated $1 billion in cyber insurance direct written premiums in 2015, according to Fitch. Fitch aggregated the cybersecurity statutory supplement data for the U.S. property/casualty (P/C) insurance industry and analyzes the cyber insurance …

Would-Be Drone Pilots Flock to Take First U.S. Licensing Test

Thousands of would-be drone pilots are racing to get licensed under new U.S. regulations that have opened an aerial stampede. More than 3,300 have signed up to take the test on Monday, the first day it’s available, and the U.S. …

U.S. Proposes Requiring Speed Limit Devices on Trucks, Buses

Trucks and buses in the United States may have to be equipped with devices to limit their speed under a proposed rule issued on Friday by the U.S. Transportation Department which said the move could save both lives and fuel. …

GM Is Winning Ignition-Switch Defect Trials

General Motors Co.’s victory in a Houston courtroom Thursday makes the carmaker three for three in trials related to an ignition-switch defect, but its legal entanglements may stretch on for years. At least a dozen lawsuits are set for trial …

USAIG Launches Safety Program for Unmanned Aircraft Systems

United States Aircraft Insurance Group (USAIG) has introduced a safety program called Performance Vector Unmanned, created specifically for policyholders who insure unmanned aircraft systems. The new program aims to keep safety at the forefront, which is especially critical considering that UAS …

How One Big Bank Is Targeting Millennials by Mobilizing Car Buying, Financing

Millennials, countless surveys will tell you, are not fans of big banks. They are smart, price-sensitive consumers who are far more likely than older customers to switch lenders if they find a better deal. They are also a huge, irresistible demographic …

How to Catch a Lie? Try Group Questioning

“Who broke Grandma’s favorite vase?” As you listen to a chorus of “I don’t know” and “Not me,” how will you determine the culprit? Conventional wisdom says, divide and conquer, but what does scientific research show us about questioning a …

Everest Re Completes Crop Insurer Sale to CGB Diversified Services

Everest Re Group Ltd. has finalized the sale of its U.S. crop managing general agent, Heartland Crop Insurance Inc., to CGB Diversified Services, Inc. for $49 million. In conjunction with the sale, Everest has entered into a strategic long term …

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