National News

Travelers Hit Hard with Catastrophe Losses in Q2

The Travelers Companies reported an 18 percent drop in net profit for the second quarter largely due to a 50 percent rise in losses from catastrophes. Catastrophe losses of $333 million, up from $221 million for the same period last …

How Tesla Liability in AutoPilot Crash Could Turn on Data Collected by Car

The large volume of data Tesla Motors Inc. collects from its cars on the road has armed it with information to publicly counter, and possibly legally defend, claims about the safety of its Autopilot driving-assist software, according to lawyers familiar …

Case Testing FAA Authority to Regulate Drones Advances

The father and son who posted videos of drones firing a handgun and incinerating a Thanksgiving turkey with a flame-thrower can be questioned by aviation regulators, a U.S. judge ruled in a closely watched case that may determine the government’s …

Everest Insurance Expands Umbrella, Excess Casualty Offering

Everest Insurance has expanded its umbrella and excess casualty offering with their new Peak Protect policy form. Peak Protect is an enhanced commercial umbrella policy form. Everest has also included Crisis Event Protection coverage on the new form, with an …

Risk Managers Fear Cyber and Liability Risks of Autonomous Vehicles: Survey

Cybersecurity is the biggest concern for companies evaluating risk in the nascent self-driving vehicle industry, according to a survey conducted by Munich Re. The world’s second-biggest reinsurer found that 55 percent of corporate risk managers surveyed named cybersecurity as their …

Verisk Analytics Deepens Its Energy Industry Presence with Acquisition of Greentech Media

Data provider Verisk Analytics Inc. is continuing to grow beyond its insurance industry roots with the announcement it will acquire Greentech Media Inc., an information services provider for the solar electricity and clean energy sector. Greentech Media will become part …

Beecher Carlson Adds Brainard as Innovation Chief, Names Darrr Practice Leader for National Casualty

Atlanta-based Beecher Carlson Insurance Services has expanded its National Casualty Practice leadership team, creating a new innovation chief position and appointing a new practice leader. Sharon Brainard will take on the newly created role of chief innovation director for National …

3 States Sue Volkswagen, Charge Cover-Up of Diesel Fraud Went on for Years

Senior executives at Volkswagen AG including its former chief executive covered up evidence that the German automaker had cheated on U.S. diesel emissions tests for years, three U.S. states charged on Tuesday in civil lawsuits against the company. New York, …

U.S. Expected to Sue to Stop Anthem, Aetna Deals

U.S. antitrust officials are poised to file lawsuits to block Anthem Inc.’s takeover of rival health-insurer Cigna Corp. and Aetna Inc.’s deal to buy Humana Inc., according to a person familiar with the matter. Justice Department officials, who are responsible …

AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures

AIG rolled out a new standalone cyber policy that provides primary insurance protection for a wide range of related risks. The insurance giant is marketing CyberEdge Plus as offering primary protection for property damage, bodily injury, business interruption, product liability …

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