National News

Government to Share Cyber Security Information with Private Sector

The U.S. government will use classified information about software vulnerabilities for the first time to protect companies outside of the military industrial complex, top officials told Reuters this week. Secretary of Homeland Security Janet Napolitano said that a system being …

Travelers Launches OnDemand Risk Control Service for Commercial Clients

The Travelers Insurance Cos. has launched an interactive, on demand service for property and casualty insureds looking to manage and mitigate their business risks. The new service, called Risk Control OnDemand, connects Travelers risk experts with insureds through screen share …

On a Leash: Dog Bite Insurance Claim Trends

Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2012, costing more than $489 million, according to the industry’s Insurance Information Institute (III) and insurer State Farm. While the number of claims …

The Goal: Zero Alcohol-Related Driving Deaths

Transportation safety officials are exploring ways to eliminate drunken driving deaths, which account for about a third of the nation’s more than 30,000 annual traffic fatalities— a share that has remained stubbornly unchanged since the late-1990s. The National Transportation Safety …

Sen. Warren Wants Details on ‘Too Big for Trial’ Bank Settlements

An outspoken freshman U.S. senator with a record of taking on Wall Street wants financial regulators and federal prosecutors to provide an economic justification for allowing big banks to settle investigations without admitting any wrongdoing. In a May 14 letter …

Shores Named President of Berkley’s Monitor Liability Managers

Joseph G. Shores, president of Berkley Select, will undertake the additional responsibility as president of Monitor Liability Managers, according to parent company W.R. Berkley Corp. in Greenwich, Conn. Shores succeeds Sandra C. Nelson, who the company said will be involved …

Bipartisan Senators Ask SEC for Action on Credit Rating Agency Pay

A bipartisan pair of U.S. senators urged federal securities regulators to move quickly on fundamental changes to how credit-rating agencies are compensated, a step they said will reduce the type of conflicts that helped fuel the 2007-2009 financial crisis. In …

Bill to Expand Crop Insurance Passes Senate Committee

The Senate Agriculture Committee approved a farm bill on Tuesday, costing $500 billion over a decade, that would expand the scope of the federally subsidized crop insurance program and modestly trim spending on food stamps for the poor. The 1,000-page …

AAMGA Looks to Expand Membership

After a two year process in which the board of directors of the American Association of Managing General Agents (AAMGA) has examined the changing demographics within the wholesale insurance space, the board has voted to expand its membership to bring …

50 Top Apps for Independent Agents

Mobility technology is changing the way the insurance industry operates. But when it comes to working on the go, nothing is as important as mobile device applications. But what apps do independent agents use most? What apps are the most …

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