National News

U.S. Insurers’ Face ‘Minimal Exposure’ in China’s Evergrande Property Crisis

The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country’s largest property developers, Evergrande, appears on the brink of collapse. According to analysts with the National Association of Insurance Commissioners (NAIC) …

Lawmakers Introduce Liability, Competition Bills Targeting Giant Internet Firms

The biggest U.S. tech companies would face new constraints under two bills announced Thursday after a month of revelations from a Facebook Inc. whistle-blower sparked fresh calls to rein in an industry that has largely escaped regulation so far. A …

Former Boy Scouts Official Tells Congress Group Still Protecting Secrets Over Kids

The former youth protection director for the Boy Scouts of America said Tuesday the organization is not doing enough to protect children from sexual abuse and is still trying to maintain a veil of secrecy over decades of past abuse. …

Benefits of Vaccine Mandates Outweigh Workers’ Comp Costs of Vaccine Injuries

Vaccinations have served to significantly reduce the spread of COVID-19 in populations with high take-up rates, according to the Centers for Disease Control and Prevention(CDC). In the past months, many businesses and public entities have begun to require their employees …

Industry Groups Meet at White House on Vaccine Mandate Rule

Several influential industry groups including the U.S. Chamber of Commerce met White House officials on Friday and raised concerns about labor shortages and coronavirus testing requirements as the administration races to implement a plan to require private-sector workers to be …

RIMS CEO Roth to Retire in 2022

After a 36-year career advancing the risk management profession, RIMS CEO Mary Roth has announced she plans to retire following the RIMS 2022 Annual Conference & Exhibition that is scheduled for next April. She has been chief executive officer of …

Workers’ Compensation Insurers Find That as Opioid Cost Slows, Marijuana Grows

Workers’ compensation insurers have slashed spending on opioids, reducing the risk of addiction and delayed recovery, but now they are under increasing pressure to reimburse injured workers for a new kind of elixir. Six states now allow or require insurers …

Safety Regulator Questions Tesla on No Recall With Autopilot Update

U.S. safety investigators want to know why Tesla didn’t file recall documents when it updated Autopilot software to better identify parked emergency vehicles, escalating a simmering clash between the automaker and regulators. In a letter to Tesla, the National Highway …

Johnson & Johnson Places Talcum Liabilities Into Bankruptcy

Johnson & Johnson on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby Powder and other talc-based products caused cancer, offloading the potential liabilities into a newly created subsidiary. J&J put the talc claims into an …

Lawsuit Seeks SEC Enforcement of Proxy Adviser Restrictions

The National Association of Manufacturers (NAM), a business group, sued the U.S. securities regulator on Wednesday for refusing to enforce a Trump-era rule reining-in companies that advise investors on how to vote in corporate elections. Last year, the Securities and …

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