National News

ICW Group Now Writing Workers’ Compensation in Michigan, Oklahoma, Tennessee, Virginia

ICW Group Insurance Companies has begun writing workers’ compensation four additional states—Michigan, Oklahoma, Tennessee and Virginia. The San Diego-based company says the move bolsters its presence across the Midwest and South, while enabling it to better serve agents with clients …

Private Mortgage Insurers’ Bigger Slice of Freddie Mac Pie Smaller Than Hoped

Mortgage insurance companies are getting a long-awaited shot at expanding their business with Fannie Mae and Freddie Mac. But it’s shaping up to be less lucrative than they had hoped. Freddie Mac on Monday planned to say it will start …

Tokio Marine Management Rebrands as Tokio Marine America

Tokio Marine Management Inc. (TMM), a commercial property/casualty insurer for large- and middle-market companies and a U.S. subsidiary of Tokio Marine Holdings in Japan, is rebranding as Tokio Marine America (TMA). The company says its new brand represents the “company’s strategic …

Cyber Risk Costs Not Big Enough to Spur Investment by Businesses

The cost of a typical cyber breach to an American company is much less than has been generally estimated, providing one possible explanation for why companies do not invest more to improve computer security, according to a new RAND Corp. …

Suit Against Yahoo Claims ‘Gross Negligence’ Over Data Breach

Yahoo Inc. was sued on Friday by a user who accused it of gross negligence over a massive 2014 hacking in which information was stolen from at least 500 million accounts. The lawsuit was filed in the federal court in …

Study Finds Few Injuries on Obstacle Course Runs

Obstacle course runs like Tough Mudder and Warrior Dash are becoming more popular and are relatively safe for participants, a Canadian study suggests. Only about 1 percent of participants are injured during these races, and most of the injuries are …

SpaceX Explosion Linked to Helium System Breach

SpaceX said Friday that evidence points to a large breach in the rocket’s helium system during a routine prelaunch test that turned into a devastating fireball three weeks ago. The Falcon rocket and a satellite were destroyed in the Sept. …

Ponderosa Insurance Introduces Self-Storage Property & Liability Program

Ponderosa Insurance Agency has introduced a self-storage property and liability insurance available directly to U.S. self-storage operators that includes more coverage such as flood and California/Pacific Northwest earthquake. Ponderosa is a subsidiary of Repwest Insurance Company. Together with its signature …

Presidential Veto of 9/11 Saudi Arabia Lawsuit Bill Faces Possible Override

President Barack Obama on Friday vetoed legislation allowing families of victims of the Sept. 11 attacks to sue Saudi Arabia, which could prompt Congress to overturn his decision with a rare veto override, the first of his presidency. Obama said …

QBE North America Adds Manufacturing E&O Endorsement to Product Liability Coverage

QBE North America’s Commercial Insurance business has introduced a manufacturing E&O endorsement to its product liability product offering. The manufacturing E&O endorsement is a claims made coverage form providing broad coverage on a simple rating basis. This endorsement closes a …

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