National News

Lawsuit Accuses United Airlines of Refusing Employee Exemptions to Vaccine Mandate

United Airlines Inc is facing claims that it unlawfully denied religious and medical exemptions from a requirement that employees receive COVID-19 vaccines after allegedly making it difficult for workers to apply for them. Six United employees filed a class action …

AXA XL Launches Benchmarking Service for Subcontractor Default Risks

AXA XL’s Construction insurance team has launched a new schedule benchmarking service to strengthen their Subcontractor Default Insurance (SDI) clients’ risk management efforts. “The global pandemic has shined a light on the importance of strong project controls to effectively manage …

MGU SageSure Secures $125M in Bank Financing to Support Continued Growth Plans

SageSure, a tech-driven managing general underwriter focused on costal residential property markets, raised $125 million in bank financing meant to enable its continued growth plans. “SageSure has always been focused on protecting homeowners in the most challenging and catastrophe-prone insurance …

Middle Market Firms Miss Out on Agents as Risk Management Resource: Survey

Many middle market companies are failing to use a key risk management resource: their insurance agents and brokers. According to a survey sponsored by insurer Chubb, only 15% of middle market companies rely heavily on an insurance agent or broker …

Biden Cybersecurity Officials Support Breach Incident Reporting Mandate

The head of the U.S. cybersecurity enforcement agency “is a huge supporter” of bipartisan legislation to mandate that operators of critical infrastructure report data breaches to the government. Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency, said she …

$480M Gift From Insurance Leader Ryan, Wife Is Northwestern University’s Largest Ever

Northwestern University has received the largest gift in its history, $480 million, from Patrick G. Ryan, founder and former long-time CEO of Aon Corp, and now chair of Ryan Specialty Group, and his wife, Shirley W. Ryan, co-founder and long-time …

Q&A: New Director Criswell Prepares FEMA for a Hot, Chaotic Future

Deanne Criswell, the first woman to lead the Federal Emergency Management Agency, in April took over a 20,000-person operation exhausted by managing responses to disasters linked to global warming: wildfires and the 2020 hurricane season, the most active on record. …

JPMorgan to Pay $15.7M to Settle Spoofing Class Action

JPMorgan Chase & Co. agreed to pay $15.7 million in cash to settle a class action lawsuit by investors who accused the largest U.S. bank of intentionally manipulating prices of U.S. Treasury futures and options. The settlement disclosed late Wednesday …

Biden Multi-Agency Plan Seeks to Address Extreme Heat Stress

WASHINGTON (AP) — The Biden administration is moving to protect workers and communities from extreme heat after a dangerously hot summer that spurred an onslaught of drought-worsened wildfires and caused hundreds of deaths from the Pacific Northwest to hurricane-ravaged Louisiana. …

U.S. Road Travel Up 11.5% in July

U.S. motorists drove 11.5% more miles in July as driving nearly matched pre-COVID levels and more Americans returned to offices and took leisure trips. The Federal Highway Administration said Thursday motorists drove 290.1 billion miles in July, up 30 billion …

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