National News

People Moves: AXA XL Names Takigawa; Gary Heads CoreLogic Claims; Changes at Top at TigerRisk; Hill Joins Digital Partners

AXA XL Insurance Appoints Takigawa as Head of Commercial E&O, Americas AXA XL Insurance has named Michael Takigawa as the head of Commercial Errors & Omissions for the Americas region. Based in San Francisco and Monterey, Calif, Takigawa will oversee …

Agriculture Department Readying Waivers to Address Pork Plants’ Processing Speed

The U.S. Department of Agriculture is working on a proposal for a waiver system for hog plants forced by a federal court to slow processing lines, Secretary Tom Vilsack said on Thursday. Waivers to allow plants to speed up processing …

What’s New in Agency E&O? Participate in This Year’s Survey Today

Insurance Journal invites buyers of agency errors and omissions insurance to participate in this year’s Agency Errors & Omissions Survey. The survey should take no more than 10 minutes to complete, and will provide you and us with important information …

Insurers Could Owe $80M to Investors Suing Over 2016 Willis Merger With Towers Watson

Seven insurers that shared the risk for directors and officers policies sold to Towers Watson may have to pay up to $80 million for settlements with shareholders who cried foul after learning that the brokerage’s 2016 merger with Willis included …

Report: A Fifth of U.S. Insurance Company Board Members Have Worked in Fossil Fuel Industry

A report out Thursday from a climate change advocacy group alleges that more than one-fifth of U.S. insurance company board members have worked for the fossil fuel industry, and that two-thirds of all U.S. insurance company board members are “climate …

Risk Scores for Underwriters, Brokers Reveal Companies’ Likelihood of Being Sued

Last week, Praedicat, a liability risk analytics company, announced that it launched a new Company Risk Score designed to simplify the underwriting of complex emerging risks for liability insurance. The risk score, ranging from 0 to 100 for every one …

Health Workers On Front Lines Once Saluted as Heroes Now Face Hostility

More than a year after U.S. health care workers on the front lines against COVID-19 were saluted as heroes with nightly clapping from windows and balconies, some are being issued panic buttons in case of assault and ditching their scrubs …

Corps of Engineers Partners With Mother Nature in Flood Control Initiatives

The U.S. Army Corps of Engineers is known for damming rivers and building levees to keep waterways at bay. But a new initiative seeks natural flood control solutions as climate change brings increasingly frequent and severe weather events that test …

U.S. to Require Cyber Disclosure, Security Plans From ‘High Risk’ Air, Rail Companies

The Transportation Security Administration will introduce regulations that compel the most important U.S. railroad and airport operators to improve their cybersecurity procedures, Homeland Security Secretary Alejandro Mayorkas said on Wednesday. The upcoming changes will make it mandatory for “higher-risk” rail …

Why Tesla Could Face Tough Road If It Tries to Slash $137M Racial Bias Verdict

Tesla Inc. will likely seek to slash a $137 million jury award for a Black worker who accused the automaker of racial discrimination, but could have difficulty reducing the verdict amid claims that the company tolerated widespread harassment, legal experts …

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