National News

Boston Is Tops When It Comes to Risky Drivers: Study

Drivers in Boston and Worcester, Massachusetts, are the most accident-prone in the U.S., landing at the bottom of an annual ranking of the nation’s 200 biggest urban areas by Allstate Corp. Worcester’s drivers have a collision every 4.3 years on …

Study: Opioid-Related Deaths Cut by 25% in Medical Marijuana States

On average, states allowing the medical use of marijuana have lower rates of deaths resulting from opioid analgesic overdoses than states without such laws. That’s according to a new multi-institutional study, published in JAMA Internal Medicine and led by researchers …

Commentary: Hopeful Outlook for Workers’ Comp

As we pass the halfway point of 2014, the National Council on Compensation Insurance (NCCI) is relatively optimistic about the outlook for the workers’ compensation market in America. Industry costs remain largely contained. There is a reasonable expectation of some …

Obama Administration Offers Birth Control Fix for Religious Groups

Seeking to quell a politically charged controversy, the Obama administration announced new measures Friday to allow religious nonprofits and some companies to opt out of paying for birth control for female employees while still ensuring those employees have access to …

U.S. Retailers Warned About Hacking Software

More than 1,000 U.S. retailers could be infected with malicious software lurking in their cash register computers, allowing hackers to steal customer financial data, the Homeland Security Department said Friday. The government urged businesses of all sizes to scan their …

Chubb Launches Crime Coverage for Payment Fraud

The Chubb Group of Insurance Companies has created a crime insurance endorsement to help protect companies from an increasingly prevalent type of fraud. Chubb’s Social Engineering Fraud Endorsement provides coverage for an organization’s losses when an employee is tricked into …

Agent Survey: Not All Carrier Training Is Created Equal

Independent agents say product training (used by 50 percent) and technology systems training (used by 41 percent) were the most common types of insurance carrier-provided training they attended last year. However, when the subject turned to the types of training …

Judge Rebukes Whistleblower’s $265B Claim Against BP Over Gulf Safety

BP Plc won’t face a $256 billion lawsuit brought by a whistleblower who claimed the company’s Atlantis oil production platform in the Gulf of Mexico was unsafe. Kenneth Abbott, a former BP contractor, and Food & Water Watch Inc., an …

Hurricane Forecasters Keeping Eye on Storm Building in Atlantic

A potential tropical system became a bit ragged with poor definition late yesterday as it neared the Leeward Islands at the eastern edge of the Caribbean Sea. A U.S. Air Force Reserve Hurricane Hunter found a small area of winds …

Ratings Recap: Continental, Nat’l. Guaranty, Westminster, Triangle, Ellington Mutual

A.M. Best has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-”of Chicago-based Continental Assurance Company (CAC), and has removed the ratings from under review with developing implications and …

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