National News

Republican Health Bill Would Cut Deficit by $119B, Add 23 Million Uninsured: CBO

A bill passed by U.S. House Republicans would cause 23 million people to lose healthcare coverage by 2026 while de-stabilizing health insurance markets in some states and making it hard for sick people to buy insurance, a budget watchdog agency …

Farmers Balk as Trump Budget Caps Crop Insurance Subsidies

U.S. farm groups on Tuesday pushed back against President Donald Trump’s proposal to slash agriculture spending, viewing it as a fresh threat to a struggling farm economy. The White House on Monday proposed $46.54 billion in cuts to federal government …

Automaker Tesla Hit by Union Charges of High Worker Injury Rate

A California-based workers advocacy group released a report on Wednesday saying that Tesla Inc. data showed its workers have been injured at a rate a third higher than the auto industry average. Worksafe made the analysis after being approached by …

Insurance Groups Welcome Delay in Liability Insurance Law Restatement

Insurance groups breathed a sigh of relief this week after legal scholars delayed a vote on a controversial restatement of liability insurance law. As reported by Insurance Journal, the American Legal Institute (ALI) on Tuesday formally decided to postpone a …

Target to Pay $18.5 Million to Settle States’ Claims from 2013 Data Breach

Target Corp. on Tuesday agreed to pay $18.5 million to settle claims by 47 states and the District of Columbia and resolve a multi-state investigation into the retailer’s massive data breach in late 2013. The investigation — led by the Attorneys …

Climate Change Research, Flood Mapping Funds Take Hit in Proposed Trump Budget

President Donald Trump’s first budget request to Congress would cut or eliminate a range of programs designed to reduce greenhouse gas emissions, as well those helping communities prepare for more intense flooding or hurricanes expected to result from climate change. …

There’s No ‘Typical’ Day in the Work Cycle for Whirlpool’s Risk Manager

How does a company incorporate a sustainable and cohesive risk management system for an enterprise with nearly 100,000 employees, 70 manufacturing and technology research centers located in 170 countries around the world, and $21 billion in annual sales? It’s a …

Toyota, MIT Lab Eye Using Blockchain in Insurance Rating of Driverless and Shared Vehicles

The Toyota Research Institute (TRI) is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of driverless cars. TRI is collaborating with the MIT Media Lab and other industry partners on ways that both businesses and consumers …

Labor Chief Will Let Fiduciary Rule Go Into Effect in June While Seeking Further Review

The U.S. Labor Department will implement its fiduciary rule on June 9 with no further delays, U.S. Labor Secretary Alexander Acosta said on Tuesday. The department’s rule, which requires brokers offering retirement investment advice to act in the best interest of their …

Zurich’s Bauman Joins XL Catlin to Head Global Programs, Captives

XL Catlin said it is expanding its global insurance programs and captive business with the appointment of Steven Bauman as head of its global programs and captive practice in North America. Bauman will provide technical support across business lines in structuring global captive programs, ensure …

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