National News

Why Hands-Free Cell Phones Are Not Safer: Safety Council

A National Safety Council public opinion poll indicates that 80 percent of drivers across the country believe that hands-free devices are safer than using a handheld phone despite evidence this is nit true. More than 30 studies show hands-free devices …

1 in 7 Cars on Road Have Unrepaired Defect

Even with U.S. auto recalls on pace to reach the highest level in a decade this year, there’s a good chance many of the vehicles won’t get fixed. About a third of all recalled cars and trucks don’t get repaired, …

Private Premiums Under Affordable Care Act 15% Below Forecast, Says CBO

The health law will cost $104 billion less over the next decade, the Congressional Budget Office said after premiums for private Obamacare plans came in lower than the agency expected. The premium for a benchmark “silver” level plan, the second-most …

Energy Firms Unprotected for Major Cyber Events: Willis

Energy companies have no insurance against major cyber attacks, reinsurance broker Willis said, likening the threat to a “time bomb” that could cost the industry billions of dollars. Willis highlighted the industry’s vulnerability to cyber threats in its annual review …

North Carolina’s Anders Wins Top Big ‘I’ Service Award

The Independent Insurance Agents & Brokers (IIABA or the Big “I”) recently awarded agent Cloyce Anders of North Carolina with the Woodworth Memorial Award, the highest honor the association bestows on one of its members, during the annual Big “I” …

Travelers CEO Fishman Eyes Potential Foreign Acquisitions

Travelers Companies, which acquired Dominion of Canada General Insurance in 2013 and increased its ownership stake in its joint venture in Brazil in 2012, is likely to continue expanding internationally. In his annual letter to shareholders, Travelers CEO Jay Fishman …

Republicans to Use Burwell HHS Hearings to Question Affordable Care Act

Republican lawmakers said hearings on Sylvia Mathews Burwell’s nomination as U.S. Health and Human Services secretary provide a fresh opening to raise questions about President Barack Obama’s health-care law. Obama’s choice of Burwell, the director of the Office of Management …

Independent Insurance Agents Find Some Pundits, Politicians in Washington Agree

News flash: a conservative and a liberal in Washington agree — on quite a few matters, in fact. Before an audience of independent insurance agents last Friday, conservative commentator Tucker Carlson and liberal commentator Paul Begala agreed that the coming …

Municipal Bond Insurance Sales Expected to Rise With Interest Rates

Demand for municipal bond insurance is poised to increase as rising interest rates reduce investor appetite for riskier state and local debt, according to Janney Montgomery Scott. Bond insurance accounted for 4.4 percent of new muni issuance last quarter, up …

Secure Settlements Launches Mortgage Settlement Insurance

Secure Settlements, Inc. (SSI), a data intelligence and risk analytics company for the mortgage industry, has partnered with RFIB Group Ltd. and certain underwriters at Lloyd’s of London to offer a new product that will insure lenders utilizing SSI’s ClosingGuard …

National News Archives by Month