National News

AIG Names Leggett-Flynn as Chief Communications Officer

American International Group, Inc. (AIG) has appointed Cindy Leggett-Flynn as senior vice president, chief communications officer. In this position, Leggett-Flynn will be responsible for AIG’s communications strategy in support of its vision, mission, and values.  She will oversee corporate brand …

Citigroup, AT&T Agree: No Thanks to Further Litigation

Citigroup Inc. and AT&T Inc. have ended their litigation over the latter’s use of the phrase “AT&T thanks” on a customer loyalty program, which the bank said was too similar to its trademarked “thankyou.” In a joint court filing, the …

Court Denies U.S. Bid to Rehear Bank of America ‘Hustle’ Mortgage Program

A U.S. appeals court refused on Monday to reconsider its decision to overturn a $1.27 billion penalty against Bank of America Corp. and a jury verdict finding it liable for mortgage fraud leading up to the 2008 financial crisis. The …

Nominate Your Agency as Best Place to Work: Submit Now!

Do you work in a great independent agency? Do you think it’s the best place to work? If so, don’t miss this opportunity to nominate your agency to be named as one of Insurance Journal’s Best Agencies to Work in …

Many Railroads Slow to Adopt Safety Technology Even After Deadline Extension

Many commuter and freight railroads have made little progress installing safety technology designed to prevent deadly collisions and derailments despite a mandate from Congress, according to a government report released. The technology, called positive train control or PTC, uses digital …

OneBeacon Healthcare Names Craig as President; Promotes Wardell, Toomey

Brenda Craig has been appointed president of OneBeacon Healthcare Group. In this role, Craig is accountable for professional liability business targeting hospitals, physicians and physician groups, medical facilities, senior living organizations and managed care organizations. She will report to Executive …

AAIS Releases New Drone Coverage Forms, Rules Filings Ahead of FAA Regulations

The American Association of Insurance Services (AAIS), a non-for-profit national insurance advisory organization, announced new filings of Unmanned Aircraft Liability Coverage forms and rules in their Agricultural General Liability Program (AgGL), in response to consumer demand for coverage for unmanned …

66% of Insurers Plan Increased Hiring Over Next Year: Study

More than 66 percent of insurance companies intend to increase staff during the next 12 months, according to a new midyear labor study. That rate is the highest in the history of the study, The U.S. Insurance Labor Outlook Study, …

Study: Bike Helmets Lower Risk of Brain Injuries, Death

Despite some criticism of bike helmets for not being protective enough, they do cut the risk of severe traumatic brain injury (TBI) by half when riders suffer a head injury, a U.S. study suggests. Riders with helmets were also less …

Battle Against Forced Arbitration in Financial Contracts Could Take Years

A U.S. agency’s plans to ban forced arbitration clauses from financial contracts faces a tough road, with early reaction pointing to a years-long battle that could take a Supreme Court test to settle. Thousands of angry consumers and business representatives …

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