National News

Uber Moves Into Self-Driving Truck Lane with Otto Acquisition

Ride service Uber Technologies Inc. said on Thursday it has acquired the self-driving trucks startup Otto, and it also announced that Volvo Car Group has agreed to a $300 million alliance to develop self-driving cars. Anthony Levandowski, one of Otto’s …

Americans Put Too Much Faith in Homeowners Insurance

Too few Americans take steps to prepare for disasters and too many assume their home insurance policies will bail them out if one strikes. As disaster season peaks, a new national consumer survey commissioned by Trusted Choice and the Independent …

July Continued Earth’s Record-Setting Hot Streak

As more than 100,000 Americans flee destructive wildfires in California and floods in Louisiana, earth sends yet another reminder that the worst is yet to come: a new record for planet-wide heat. Last month wasn’t just the hottest July on record for the …

Could This New Drug Ease America’s Opioid Crisis?

So far, the fight against America’s opioid crisis has focused on treating addiction and curbing abuse. In February, President Barack Obama asked Congress for $1.1 billion to fund health care for addicts, and last month Congress allocated $181 million in grants for state programs. …

Debt Collectors Cleared to Avoid Liability by Buying Out Claims

Can a debt collector accused of crossing the line avoid liability by buying a consumer’s legal claim out from under her? A federal judge in Las Vegas said yes. The case deserves attention because if the U.S. Court of Appeals …

U.S. Regulator Vows Changes to Mine Cleanup Program

A leading U.S. coal regulator announced plans on Tuesday to toughen what it called “out-of-date” rules for guaranteeing mine cleanups. The Office of Surface Mining and Reclamation Enforcement said it would start working with U.S. state regulators to modify rules …

Endurance Global Risk Solutions Launches Environmental Liability Products

Endurance Specialty Holdings Ltd. has launched a new series of environmental liability insurance products, offering both primary and excess coverage for single sites or property portfolios. Endurance’s new products include a site environmental impairment liability product, which provides eight different …

A.J. Gallagher’s Carroll Joins JLT Re Specialty’s Energy, Financial Teams

JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group (JLT), reports it has added Kathryn Carroll as senior vice president. Based in New York, Carroll will be focused on two specialty areas: Energy, including Heavy Chemicals, and Financial …

Watford Specialty Looking to Build Program Business with U.S. Acquisition

Newly formed Watford Specialty Insurance Co. (WSIC), a subsidiary of Bermuda-based Watford Re, took a big leap forward recently with its acquisition of a carrier with admitted licenses in all 50 states and the District of Columbia. The previously dormant …

Litigation Insurance Reimburses Plaintiff Lawyers Losing Cases on Contingency

When David Brill lost a trial for a client who fell off his neighbor’s ladder, it was a rare failure for his three-member Florida law firm. It also cost him $30,000 in expenses since he’d taken the case on contingency, …

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