National News

XL Catlin Expands M&A Underwriting Team with Khalidi and Jensen

XL Catlin insurance operations recently added Naveed Khalidi and Michelle Jensen to its team of Mergers and Acquisitions (M&A) insurance underwriters. Khalidi joins XL Catlin from Allied World Assurance Co., where he most recently held the position of senior underwriter …

Workers’ Compensation Insurers Face Rise in Motor Vehicle Accidents

Although there has been an overall decline in workers’ compensation claims, the frequency of claims for motor vehicle accidents has increased in recent years. According to the National Council on Compensation Insurance (NCCI) in a new report, these accidents can …

How Agent and Carrier Relationships Are Changing in a Customer-Centric World

Auto insurance shoppers are placing a greater importance on having more services provided to them today versus five years ago, underscoring the fact that shoppers are increasingly demanding more product options and more and different ways to connect with their …

Another Use for Drones: Investigating Car Wrecks

When police investigators tried to figure out what caused a multi-vehicle crash that killed an elderly woman in Morton, Illinois, last month, they looked to the sky for help. Like a growing number of police agencies throughout the country, the …

Marsh’s Bogan Joins JLT Specialty’s Life Sciences Team

Broker JLT Specialty USA has named John Bogan as a vice president, serving U.S. life science companies and their complex products liability, clinical trial and related risks. Bogan comes to JLT from Marsh, where since 2016 he has served as …

AmWINS Targets Marine Insurance with Creation of 2 Specialty MGAs

Global insurance wholesale brokerage AmWINS Group has formed two specialty managing general agencies focused on the marine industry, AmWINS Specialty Logistics Underwriters (ASLU) and Sentinel Marine Underwriters (SMU). Argonaut Insurance Co. is providing the insurance capacity for both ASLU and …

U.S. on Lookout for Possible Iranian Cyber Attacks After Reinstatement of Sanctions

The U.S. is bracing for cyberattacks Iran could launch in retaliation for the re-imposition of sanctions this week by President Donald Trump, cybersecurity and intelligence experts say. Concern over that cyber threat has been rising since May, when Trump pulled …

3 Steps to Help Close Workers’ Compensation Claims Performance Gap

An analysis of five years of benchmarking data from more than 1,700 claims identifies three practices that workers’ compensation claims organizations rated as low in quality should adopt to keep from falling further behind in performance. According to the analysis …

First Jury in a Roundup Cancer Trial Orders Monsanto to Pay $289 Million

A California jury on Friday found Monsanto liable in a lawsuit filed by a man who alleged the company’s glyphosate-based weed-killers, including Roundup, caused his cancer and ordered the company to pay $289 million in damages. The case of school …

Liberty Mutual’s Q2 Profit Jumps on Life Unit Sale, Lower Catastrophe Costs

The sale of a life insurance unit and an easing of catastrophe costs boosted Liberty Mutual Holding Co.’s net income for the second quarter to $981 million, well above the $126 million it saw in the same quarter last year. …

National News Archives by Month