National News

Liberty Mutual Centralizing Personal Lines Service at 6 Call Centers

Boston-headquartered Liberty Mutual said it is moving to a centralized service model for its personal insurance customers beginning in January 2016. This move involves transitioning local service activities into customer service call centers, and expanding those centralized operations, currently at …

Exit Ramp Rollovers Kill Hundreds of Truckers a Year

It was almost midnight when Walter Price eased his 18-wheeler into the right lane on Interstate 75 near Atlanta. As he began to bank onto the exit ramp he’d been taking for the past 10 years, Price had no idea …

AIG CEO Hancock Aims to Sell Off More Assets

American International Group Inc. Chief Executive Officer Peter Hancock, who took over the top job in September, said he plans to sell more businesses that don’t align with the insurer’s biggest moneymakers. “Floating or selling businesses that lack current or …

AIG Chairman Miller to Exit in July: WSJ

American International Group Inc. Chairman Robert “Steve” Miller intends to step down in July after five years in the role, the Wall Street Journal reported. The insurer’s directors have not yet decided on a replacement, but the next outside chairman …

W.R. Berkley Combines U.S. Broker Reinsurance Units

W. R. Berkley Corp. said it has combined its U.S. broker market reinsurance units, Berkley Re America and Facultative ReSources, into a single operating unit that will trade under the Berkley Re America (BRAM) name. Berkley Re America is a …

After Pao’s Loss, Silicon Valley Facing More Bias Suits

Kleiner Perkins Caufield & Byers’ decisive victory over Ellen Pao’s gender bias suit doesn’t mean Silicon Valley giants are off the hook. More lawsuits alleging gender discrimination, sexual harassment and retaliation are already in the pipeline. Cases against Twitter Inc. …

LaRocco to Take Over as State Auto President, CEO in May

Ohio-based State Auto Financial Corporation and State Automobile Mutual Insurance Company (State Auto Mutual) hired Michael E. LaRocco as president and chief executive officer. LaRocco officially takes over the duties of current President and CEO Robert P. Restrepo Jr. on …

Supreme Court Turns Down ‘Death Panel’ Challenge

The U.S. Supreme Court on Monday declined to hear a new challenge to President Barack Obama’s healthcare law that took aim at a bureaucratic board labeled by some Republicans as a “death panel” because it was designed to cut Medicare …

Ex-Pilot’s Suit Says JetBlue Should Have Known He Was Unfit to Fly

A former JetBlue Airways Corp. pilot whose midair meltdown forced an emergency landing of a 2012 flight on Friday sued the carrier for $14.9 million, saying it should have grounded him because it knew he was incapable of flying. Clayton …

Federal Reserve Mulling Insurers’ Proposal for Capital Standards

The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records of a recent meeting between the two sides seen by …

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