National News

Major League Baseball to Players and Staff: Wear Mask or You’re Out!

Major League Baseball is cracking down on coronavirus safety protocols, mandating that players and staff wear face coverings at all times, including in the dugouts and bullpens, except for players on the field of play. The league sent a memo …

Capital One Will Pay $80 Million Fine for Data Breach During Cloud Transfer

Capital One Financial Corp will pay an $80 million penalty to a U.S. bank regulator after the bank suffered a massive data breach one year ago. The fine, announced Thursday by the Office of the Comptroller of the Currency, punishes …

Boeing Facing $1.25M Fine by FAA for Undue Pressure on Safety Oversight Employees

The U.S. Federal Aviation Administration on Wednesday said it was proposing to fine Boeing Co. $1.25 million after the agency alleged Boeing managers at its South Carolina plant exerted undue pressure on workers who handle safety oversight work on behalf …

Americans Becoming More Leery of Autonomous Technologies

Americans are becoming less comfortable with the idea of driverless transportation. A new report from an American Automobile Association (AAA) indicates that consumer trust in these vehicles has quickly eroded over the past few years. Today, three-quarters (73 percent) of …

D.C. Judge Rules For Insurer, Dismisses Restaurants’ Business Interruption Claims

The insurance industry has notched another victory in its defense of its commercial insurance policies against claims for business interruption due to the coronavirus. In a case brought by the owner of several restaurants against its insurer over business interruption …

Court Revives Johnson & Johnson’s Baby Powder Lawsuits

A New Jersey appeals court’s decision to revive two lawsuits accusing Johnson & Johnson’s iconic Baby Powder of causing cancer may lead to the reinstatement of about 1,000 suits targeting the talc-based product. A three-judge panel of the New Jersey …

Insurance Agents Think They Offer Value. But Some Customers Have a Different View.

Business owners and consumers are rethinking their finances and insurance needs due to the current economic uncertainty. However, new research suggests insurance customers and their agents are not always on the same page; there are gaps between what agents and …

Morgan Stanley to Offer Coverage for High Net Worth Clients through Hub, Marsh, Willis

Morgan Stanley has expanded its insurance offerings to include property & casualty insurance coverage for its high net worth clients through insurance brokers HUB International, Marsh Private Client Services, and Willis Towers Watson. The coverage will target risks associated with …

CNA Reports Q2 Profit Despite COVID-19, Weather, Civil Unrest Losses

CNA Financial Corp. saw its 2020 second quarter net income sliced almost by half compared to the previous year due to “considerable catastrophe losses” from COVID-19, civil unrest and weather-related events. The Chicago-based commercial property/casualty insurer booked $151 million in …

American Family Renames Ameriprise Insurance as Connect

American Family Insurance has renamed the Ameriprise Auto & Home business that it paid almost $1 billion for in a deal that closed last October. The new name is CONNECT, which is accompanied by the slogan: “Powered by American Family …

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