National News

Sony’s Unprecedented Cyber Attack: Deep, Costly, Controversial

Sony Pictures’ decision to let Seth Rogen make a comedy about a plot to kill a head of state will potentially cost the studio hundreds of millions of dollars after a devastating cyber-attack linked to North Korea. The Sony Corp. …

OneBeacon Launches Environmental Website for Producers, Clients

OneBeacon Environmental, a member of Hamilton, Bermuda-based OneBeacon Insurance Group Ltd., has launched a new website, www.onebeaconenvironmental.com, featuring overviews of product lines, classes of business, and industry products for specific types of businesses with environmental risks. Through the site, customers and …

XL Group Expands Executive Liability Protection in U.S.

XL Group’s Professional Liability arm has released a new Executive and Corporate Securities Liability policy form to protect companies and their directors and officers from what it terms “an increasingly complex litigation and regulatory environment in the U.S. and around …

Allstate Realigns Customer Units; Promotes Winter, Other Executives

The Allstate Corp. announced organizational and leadership changes in its personal lines management, agency distribution, multiple-customer operations and technology that CEO Thomas J. Wilson says prepare the company to serve the next generation. “These changes will help us build the …

Top 10 Casualty Insurance Trends for 2015: Marsh

While casualty insurance rates remain stable overall and new capacity continues to enter the market, certain classes of business continue to be difficult to place, according to Marsh’s U.S. Casualty Practice. The following report outlines 10 key trends that Marsh …

U.S. Safety Agency Readies for Legal Battle with Takata

U.S. regulators investigating failures of Takata Corp. air bags are preparing for a legal fight in case the Japanese parts maker doesn’t comply with a request to expand a recall. The National Highway Traffic Safety Administration is working as quickly …

Senate Confirms Rosekind As U.S. Highway Safety Chief

The Senate confirmed Mark Rosekind to lead the U.S. National Highway Traffic Safety Administration, which has come under criticism this year for not responding more quickly to evidence of potentially deadly vehicle defects. Rosekind, an expert on human fatigue, has …

Antitrust Concerns End Verisk Bid for Rival EagleView Technology

Verisk Analytics Inc. scrapped a planned $650 million takeover of EagleView Technology Corp. after antitrust regulators said the deal would give the company too large a share in the market for aerial images used by insurers. The data provider instead …

OneBeacon Sells Lawyers Professional Liability Business to Argo

OneBeacon Insurance Group Ltd. has sold the renewal rights to its lawyers professional liability business to Argo Group US, Inc., a member of Argo Group International Holdings Ltd. The transaction includes renewal rights to policies renewing on or after January …

Senate Fails to Renew Terrorism Insurance

A U.S. program that backstops insurance companies’ losses from acts of terrorism is set to end after the Senate didn’t extend it. Efforts to reauthorize the Terrorism Risk Insurance Act for six years fell apart after Senator Tom Coburn, an …

National News Archives by Month