National News

Consumer Group Demands Probe After Reports of Alleged Bias at State Farm

A national consumer rights group on Thursday called on state insurance commissioners to investigate racial bias in claims handling after the New York Times reported on discrimination lawsuits filed against State Farm by a Chicago policyholder and a former employee …

Markets/Coverages: Falvey’s Cyber Cover for Cargo; PHLY’s New Commercial Line; CoverEase’s Workers’ Comp; Mile Auto’s Telematics

Falvey Cargo Underwriting Offers Cyber for Cargo Falvey Cargo Underwriting announced its latest product offering, Cyber for Cargo, to help address broad cyber exclusions that apply to nearly all cargo insurance policies. The coverage protects against physical loss or damage …

Goldman Sachs Vows to Push Directors for More Climate Disclosure

Goldman Sachs’ big asset-management arm will take a harder line in voting on directors at companies that do not disclose enough about their greenhouse gas emissions, an executive said on Thursday, adding to the pressure on business leaders to provide …

Insurance Technology: Policygenius Raises $125M; Players Health Raises $28M

Insurance brokerage platform Policygenius announced the closing of $125 million of new growth capital, bringing the insurtech’s total funding to more than $250 million. The platform, launched in 2014, allows customers looking for life, disability, home and auto insurance to …

How Big U.S. Companies Are Creating a Brand New Abortion Employee Benefit

The roar of anti-abortion laws sweeping through U.S. state houses is echoing loudly in human resources offices. Companies that have offered to help cover travel costs for employees who have to go out of state for abortions are trying to …

Big Tech Blackout Set to Be Averted With EU-U.S. Data Pact

The European Union and U.S. broke the deadlock on a new data-transfer pact, potentially avoiding a doomsday scenario for tech giants such as Meta Platforms Inc. and thousands of other firms that rely on free flows of information across the …

U.S. Boosts Fines for Automakers Not Meeting Fuel Economy Rules in Tesla Win

The U.S. National Highway Traffic Safety Administration (NHTSA) on Sunday reinstated a sharp increase in penalties for automakers whose vehicles do not meet fuel efficiency requirements for model years 2019 and beyond. The decision was a win for Tesla that …

Russian Invasion of Ukraine, Cyberattacks, and War Exclusions in P/C Policies

The Russian invasion of Ukraine may result in cyberattacks causing widespread and severe losses, in those nations and beyond. Even before the current invasion, some Russian cyberattacks aimed at Ukraine spread to other nations. The most prominent of these was …

Russian Agents Charged with Targeting U.S. Nuclear Plant, Saudi Oil Refinery

U.S. and British officials on Thursday accused the Russian government of running a years-long campaign to hack into critical infrastructure, including an American nuclear plant and a Saudi oil refinery. The announcement was paired with the unsealing of criminal charges …

Rate Hikes, Telematics, Data Science Leading Allstate Back to Profit

For the second time this month, a personal auto insurance giant devoted an investor conference to the topic of rate hikes, with Allstate executives also assuring listeners the carrier has various other tools to return to profitability. “Looking back to …

National News Archives by Month