National News

P/C Retail, Wholesale Agency 2015 M&A Highlights by Region, State

When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since brokers are enjoying their best combination of growth and profitability in nearly a …

Obama Budget Calls for Increased Cybersecurity Funding, New High-Level Post

The Obama administration is creating a new high-level federal official to coordinate cybersecurity across civilian agencies and to work with military and intelligence counterparts, as part of its 2017 budget proposal announced this week. The $19-billion increase in cybersecurity funding …

U.S. Again Warns Airlines Against Carrying Lithium Battery Cargo

U.S. aviation safety officials are raising new warnings about the dangers of carrying bulk shipments of lithium-based batteries on commercial flights. The Federal Aviation Administration, which regulates the aviation industry, on Tuesday sent a notice to airlines urging them to …

U.S. Victims of Mexican Drug Gangs Sue HSBC Bank Under Anti-Terrorism Act

Families of U.S. citizens murdered by drug gangs in Mexico sued HSBC Holdings Plc, claiming the bank can be held responsible for the deaths because it let cartels launder billions of dollars to operate their businesses. The lawsuit brings fresh scrutiny …

Software Qualifies as a Driver, Says U.S. Safety Agency on Google Self-Driving Car

U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomous vehicles on the roads. The National Highway Traffic …

Safety National Adds Safe Patient Handling Program for Healthcare Clients

Safety National Casualty Corp. has released its Safe Patient Handling Evaluation Resource – a tool that helps evaluate healthcare facilities’ safe patient handling and mobility (SPHM) programs. Safety National has partnered with Atlas Lift Tech to add this complimentary resource …

$14 Million Settlement Would End ‘Happy Birthday’ Copyright Dispute

The copyright to the world’s most popular song, “Happy Birthday to You,” has been in dispute for decades, but if an agreement by Warner/Chappel Music to pay $14 million to end a lawsuit over the song is approved by a …

Judge Sets May Trial for ‘Stairway to Heaven’ Copyright Claim

The judge presiding over a lawsuit challenging the authenticity of Led Zeppelin’s signature song Stairway to Heaven rejected a bid to delay the case, setting the stage for a May trial — if it doesn’t get settled or dismissed before then. …

NAIC Fills President-Elect Post; Mum on New CEO as Nelson Exits

Members of the National Association of Insurance Commissioners (NAIC) have elected Wisconsin Insurance Commissioner Ted Nickel to fill the president-elect position vacated when Sharon P. Clark resigned as Kentucky insurance commissioner on Jan. 11. Subsequently, Tennessee Insurance Commissioner Julie Mix …

Insurance Agency Growth, Profits Slipped in 2015 on Oil Bust, Soft Market: Reagan

Insurance agency and brokerage organic revenue growth slowed to 4.6 percent for 2015, according to the latest Reagan Consulting Organic Growth and Profitability (OGP) survey. That was down from the organic growth of 6.2 percent seen each year from 2012-14. …

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