National News

P/C Insurance Pros Under Pressure to Predict Super Bowl Scenarios

Property/casualty insurance professionals are being asked to predict not only the winner of the 2015 Super Bowl this Sunday but also whether certain scenarios are likely to occur. Such as whether Seattle Seahawks running back Marshawn Lynch’s total yardage in …

XL Group Introduces New Excess Executive Liability Form

XL Group has developed a new excess “follow form” insurance policy to provide the option of buying an additional layer of professional liability insurance protection. According to Kelly Lyles, chief executive of XL Group’s Global Professional team, potential defense costs …

Willis North America Appoints Peiser Head of Casualty Broking

Willis North America announced the appointment of Joe Peiser as head of Casualty Broking. In this newly created role, Peiser will be responsible for the strategic direction of Willis North America’s casualty insurance offerings including workers’ compensation, primary and excess …

How ‘Crying Wolf’ in Bad Weather Warnings Erodes Public Compliance

The public is more likely to trust and comply with bad weather warnings—such as for winter snowstorms and icy roads—if authorities give their warnings as a probability estimate, according to risk researchers. The researchers were seeking to understand why the …

Wells Media Announces C-Suite, Managerial Promotions

Property/casualty insurance media company Wells Media Group announced four C-suite and managerial staff promotions this week.  Julie Tinney now serves as chief marketing officer, Josh Carlson has been promoted to chief technology officer/chief innovation officer, Andrew Simpson became chief content …

U.S. Says Affordable Care Act Enrollment Hits 9.5 Million

More than 9.5 million people have signed up for 2015 individual health insurance on the new exchanges created under the national healthcare reform law, the U.S. government said on Tuesday, a number that surpasses its enrollment target for the year. …

U.S. Trade Rep Sees Progress on Pacific Trade Pact

The final form of an ambitious Pacific trade pact is coming into focus, U.S. Trade Representative Michael Froman said on Tuesday as he urged Congress get behind the U.S. trade agenda. In remarks prepared for delivery to key congressional committees, …

Securities Class Action Lawsuits, Settlements Get Smaller

The size of federal class action lawsuits accusing companies of securities fraud has dropped significantly, new studies show, as the bull market in stocks approaches its sixth birthday. Losses claimed by shareholders, measured by how much stock prices fell when …

Cooper Gay Swett & Crawford Launch MGA for Lumber, Building Materials Market

Cooper Gay Swett & Crawford (CGSC) Group North America has launched The Insurance Center for Building Materials (ICBM), a new managing general agency addressing the risks associated with lumber and secondary forest products companies, as well as building materials manufacturers …

Supreme Court Backs Employer on Retirees’ Pay for Health Benefits

The U.S. Supreme Court on Monday sided with a company that amended a collective bargaining agreement to force retirees to pay toward healthcare costs, throwing out a lower-court ruling that favored the former employees who objected to the change. On …

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