National News

Pandemic Brought Surge in Illegal Street Racing Across U.S.

Jaye Sanford, a 52-year-old mother of two, was driving home in suburban Atlanta on Nov. 21 when a man in a Dodge Challenger muscle car who was allegedly street racing crashed into her head-on, killing her. She is one of …

Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years

The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial auto claims over …

Dakota Access Pipeline Loses Supreme Court Appeal, Leaving Its Future Unclear

The U.S. Supreme Court rejected an appeal by Energy Transfer LP’s Dakota Access Pipeline, letting stand a ruling that required a new federal environmental analysis and left the pipeline vulnerable to being shut down. Making no comment, the justices refused …

U.S. Supreme Court Takes Up Clash Between Religion and LGBT Rights

The U.S. Supreme Court on Tuesday took up a major new legal fight pitting religious beliefs against LGBT rights, agreeing to hear an evangelical Christian web designer’s free speech claim that she cannot be forced under a Colorado anti-discrimination law …

Travelers Acquires Tech Assets of Insurtech Trōv for Personal Insurance

Trōv, an early insurtech that started life as a creator of micro-duration policies and evolved into an embedded insurance specialist, announced this morning that The Travelers Companies will acquire its technology assets. Trōv did not disclose financial terms of the …

Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re

Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property catastrophe market by 2040, said Gallagher Re. In fact, if the cyber market continues to …

Agency’s Specialty Portfolio Often Fragmented by Working With Multiple Carriers

The Hanover Insurance Group recently released its State of Specialty Insurance Report, which highlights the risks of fragmentation in the marketplace. The report spotlights the advantages agencies realize when they create strategic partnerships with select carriers that offer broad capabilities …

ESG Litigation Over Social Issues Is Poised to Rise

Climate-related lawsuits like those filed against energy companies Exxon Mobil Corp., Shell Plc and PG&E Corp. have dominated ESG litigation in recent years. But there are signs an increase in cases extending beyond the environmental pillar of ESG may be …

J&J Unit Proposes Independent Exam If It Remains in Bankruptcy

A Johnson & Johnson subsidiary proposed on Friday that it would submit to an independent examination of the corporate restructuring the healthcare giant undertook in an attempt to settle in U.S. bankruptcy court thousands of lawsuits alleging that J&J baby …

U.S. Soccer to Pay $24 Million to End Women’s Equal-Pay Suit

U.S. Soccer has reached a $24 million agreement with the women’s national team to settle allegations that females were paid less than their male counterparts. The deal, announced Tuesday in a joint statement, would resolve one of the biggest legal …

National News Archives by Month