National News

Out-of-Pocket Hospital Costs Were Rising 6.5% a Year… Before Obamacare

If you have private health insurance, the good news is you may be helping your employer keep its health care spending down. The bad news is it’s coming out of your pocket. The amount that people with private insurance still had …

Update: Volkswagen’s U.S. Diesel Settlement Tab to Top $15 Billion

German automaker Volkswagen AG will pay more than $15.3 billion to settle charges that it cheated on U.S. diesel emissions tests, an agreement that will fund buybacks for consumers and provide up to $4.7 billion that could benefit makers of …

NFP Completes Sale of Majority Stake in Kestra Financial to Stone Point Capital

NFP, an insurance broker and consultant, has completed the sale of a majority stake in Kestra Financial (Kestra) to funds managed by Stone Point Capital LLC (Stone Point), a private equity firm focused on investing in the financial services industry. …

Wedding Vendors Account for Most Costly Claims: Travelers

Problems with vendors amounted to 30 percent of claim payments for all wedding claims, according to Travelers Companies, Inc. which announced the findings of its recent analysis of wedding insurance claims from 2011–2015. Wedding venues going bankrupt, photographers failing to …

Putting Drone Deliveries of Disaster Relief to the Test

How to distribute lifesaving supplies quickly and safely after a natural disaster has long been a puzzle for responders. Now, drones might be the lifesaver. That idea was put to the test this week in New Jersey as a drone …

How Led Zeppelin ‘Stairway’ Win Could Affect Music Copyright Liability

Led Zeppelin’s victory over allegations the band stole the opening chords of “Stairway to Heaven” may reverse the swell in copyright infringement lawsuits over pop songs that followed last year’s “Blurred Lines” verdict. “‘Blurred Lines’ left everything wide open,” William …

All Risks Adds New Classes for Occupational Accident Product

All Risks, Ltd., an independent wholesaler, has added a variety of new classes for its occupational accident product, which is part of the Accident & Health division.  Classes that All Risks can offer occupational accident coverage now includes behavioral healthcare, …

IBHS Receives 2016 IMCA Innovation Torchbearer Award

The Insurance Institute for Business & Home Safety (IBHS) received the 2016 Innovation Torchbearer Award from the Insurance Marketing & Communications Association. IMCA’s annual Innovation Torchbearer Award recognizes individuals or organizations that have demonstrated innovative ideas or initiatives impacting the …

Alliant’s Mondshine Joins USI Insurance as Personal Risk Operations Director

Karen Mondshine has joined the national insurance broker USI Insurance Services as as the national director of personal risk operations. She will be responsible for partnering with USI’s regional and national teams to serve USI personal risk clients from onboarding …

Authors, Backers of Dodd-Frank Criticize Court for Cutting MetLife ‘Too-Big-To-Fail’ Tag

A federal court’s striking down of the government’s designation of insurer MetLife Inc as “too-big-to-fail” could undermine efforts to head off another financial crisis, authors of the landmark Dodd-Frank Wall Street reform law said. In a brief filed on Thursday …

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