National News

Industry Groups Meet at White House on Vaccine Mandate Rule

Several influential industry groups including the U.S. Chamber of Commerce met White House officials on Friday and raised concerns about labor shortages and coronavirus testing requirements as the administration races to implement a plan to require private-sector workers to be …

RIMS CEO Roth to Retire in 2022

After a 36-year career advancing the risk management profession, RIMS CEO Mary Roth has announced she plans to retire following the RIMS 2022 Annual Conference & Exhibition that is scheduled for next April. She has been chief executive officer of …

Workers’ Compensation Insurers Find That as Opioid Cost Slows, Marijuana Grows

Workers’ compensation insurers have slashed spending on opioids, reducing the risk of addiction and delayed recovery, but now they are under increasing pressure to reimburse injured workers for a new kind of elixir. Six states now allow or require insurers …

Safety Regulator Questions Tesla on No Recall With Autopilot Update

U.S. safety investigators want to know why Tesla didn’t file recall documents when it updated Autopilot software to better identify parked emergency vehicles, escalating a simmering clash between the automaker and regulators. In a letter to Tesla, the National Highway …

Johnson & Johnson Places Talcum Liabilities Into Bankruptcy

Johnson & Johnson on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby Powder and other talc-based products caused cancer, offloading the potential liabilities into a newly created subsidiary. J&J put the talc claims into an …

Lawsuit Seeks SEC Enforcement of Proxy Adviser Restrictions

The National Association of Manufacturers (NAM), a business group, sued the U.S. securities regulator on Wednesday for refusing to enforce a Trump-era rule reining-in companies that advise investors on how to vote in corporate elections. Last year, the Securities and …

Insurtech Veteran Launches Online Directory to Connect P/C Agents with Technologies

A veteran agency insurtech advocate has launched an online directory for property/casualty insurance agents to categorize, compare and connect them with technology companies that support the agency distribution channel. In addition to the directory, InsurancePlayground.com includes the ability to rate …

Toronto Cyber Insurtech Boxx Expands to U.S., Names Itriago as President

Right after closing its Series A financing round, Boxx Insurance Inc. announced its expansion to the U.S. and its appointment of Hilario Itriago as Boxx USA president. The digital managing general agency promises that its cyber insurance products make it …

La Nina Arrives, Threatening More Droughts, Storms and Supply Disruptions

A weather-roiling La Nina appears to have emerged across the equatorial Pacific, setting the stage for worsening droughts in California and South America, frigid winters in parts of the U.S. and Japan and greater risks for the world’s already strained …

Aon Projects Health Costs for Large Companies to Rise 5% in 2022

Costs for large U.S. employers that pay for their employees’ medical care will increase on average five percent to more than $13,000 per employee in 2022, predicts insurance broker Aon. This increase would be slightly less than what employers budgeted …

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