National News

Jury Deliberates Over Palin Defamation Claim Against New York Times

Jurors began considering whether to hold the New York Times liable for defaming Sarah Palin, after her lawyer on Friday accused the newspaper of falsely associating her in a 2017 editorial with a mass murder, a link that a Times …

Gangs Now Arbitrate Payment Disputes as Ransomware Growth Continues

Cyber criminal gangs are getting increasingly adept at hacking and becoming more professional, even setting up an arbitration system to resolve payment disputes among themselves, according to a new report by the United States, Australia and the United Kingdom that …

Insurance Pros At Odds With Las Vegas, Final Result in Predicting Cincinnati Super Bowl

Property/casualty insurance professionals predicted the Cincinnati Bengals would beat the Los Angeles Rams in yesterday’s Super Bowl LVI. An online poll a few days before the game by Insurance Journal.com showed 56% predicted the Bengals would win, compared to 44% …

People Moves: Great American P&C Promotes Cohen, Kadnar; Markel Adds Hiscox’s Wakeham as U.S. Terrorism Underwriter

Great American Insurance Group has promoted Jason M. Cohen to senior vice president and Julie F. Kadnar to divisional group president within its Property & Casualty Group. In 2006, Cohen joined the company as divisional vice president within Corporate Claims. …

SpaceX Satellites Falling Out of Orbit After Being Hit by Solar Storm

SpaceX’s newest fleet of satellites is tumbling out of orbit after being struck by a solar storm. Up to 40 of the 49 small satellites launched last week have either reentered the atmosphere and burned up, or are on the …

Purdue’s Sacklers Consider Adding $1 Billion More to Opioid Settlement

Members of the billionaire Sackler family that own Purdue Pharma LP are weighing whether to add $1 billion to the OxyContin-maker’s faltering opioid settlement bid in an effort to win over holdouts, according to people familiar with the offer. The …

Senate Joins House in Passing Ban on Forced Arbitration of Worker Sexual Abuse Claims

The U.S. Senate on Thursday approved a bill that would ban companies from forcing employees who allege sexual assault or harassment to settle their claims with an arbiter without the option of filing a lawsuit. The bill, which the House …

Hamilton Launches U.S. E&S Insurer, Names Rhoades CEO

Bermuda-based specialty insurer Hamilton Insurance Group, Ltd. reports it has formed Hamilton Select Insurance Inc., a U.S. excess and surplus (E&S) lines insurer. Hamilton Select Insurance Inc. is domiciled in Delaware and joins Hamilton’s existing operating subsidiaries Hamilton Re, Ltd. …

Inspector General Says Counterfeit Parts in Nuclear Plants Raise Safety Concerns

Many counterfeit parts have been discovered in U.S. nuclear plants, potentially increasing the risk of a safety failure, the inspector general of the federal nuclear industry regulator said in a report released on Thursday. The report is a blow to …

W.R. Berkley Optimism About 2022 Comes With Caution About Workers’ Compensation

Executives for commercial lines insurer W.R. Berkley Corp. indicated in a fourth quarter and full year 2021 earnings call that while they are optimistic about 2022, they are exercising caution when it comes to workers’ compensation. “We do have sensitivity …

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