National News

Biden Ends Forced Arbitration for Sexual Assault, Harassment

President Joe Biden on Thursday gave victims of workplace sexual assault or harassment the right to seek recourse in a court of law instead of through forced arbitration proceedings. Biden signed into law the Ending Forced Arbitration of Sexual Assault …

Judge Approves Fix to Stem Race Bias in NFL Concussion Deal

Black retired football players who were denied payments for dementia in the NFL’s $1 billion concussion settlement can seek to be retested or have their claims rescored to eliminate racial bias in the testing and payout formula, under a revised …

Markets/Coverages: Take1 Features Film Producers Package; Pathpoint Now Serving Restaurants; Nexus Specialty Targets Management Liability

Take1 Introduces Coverage for Documentary, Industrial, Commercial, and Educational Film Producers Thanks to the growing number of broadcast, cable and streaming platforms, the market demand for recorded filmed content has grown, creating new business opportunities for producers of documentary, industrial, …

Sept. 11 Victims Seek Seizure of Iran Oil From U.S.-Owned Tanker

Victims of the Sept. 11, 2001, attacks asked a U.S. judge to order the seizure of Iranian crude oil from a tanker owned by an American private equity firm, to help satisfy a $3.61 billion judgment against Iran over the …

Russian Cyberattacks May Test Insurer War Exclusion Policy Language

The Russian invasion of Ukraine has increased the risk of cyberattacks and potential claim costs for property/casualty (P/C) insurers globally that offer cyber coverage, the majority of which is underwritten in North America. Such attacks may also further test the …

‘Essential’ MGAs, Other DUAEs Face Inflation, Staffing Pressures

Taking a deep dive into the world of managing general agents and other delegated underwriting authority enterprises, AM Best reports that premiums generated by DUAEs are climbing, and interest in MGA acquisitions remains high. In a March 1, 2022 report …

U.S. Attorney General: Prosecuting Individuals Is Top Priority in Policing Corporate Crime

The U.S. Justice Department’s top priority in rooting out corporate malfeasance is to hold individuals accountable, Attorney General Merrick Garland said March 3 as he detailed a shift in focus and resources at the agency. The agency is allocating resources …

Customer Satisfaction Scores Drop for Property Claims: J.D. Power

J.D. Power says frustration with slower claim cycle times and a rough transition to digital channels contributed to the lowest customer satisfaction score for property claims in five years. Overall customer satisfaction with homeowner insurance property claims dropped to 871 …

Report: Nearly a Third of U.S. Hazardous Chemicals Facilities Exposed to Climate Change Dangers

A report from the Intergovernmental Panel on Climate Change stating that climate change is leading to increasingly irreversible impacts, with a narrowing window to adapt to it, is garnering a lot of reaction. The IPCC Working Group II report: Climate …

U.S. Senators Grill Regulators Over Climate Policy on Natural Gas Projects

Top U.S. senators from both parties on Thursday grilled Democratic energy regulators who recently approved guidelines for approving new natural gas projects that allow consideration of environmental justice, landowner and climate issues. The three Democrats on the five-member Federal Energy …

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