National News

OSHA to Review COVID-19 Workplace Safety Enforcement Under Trump

Federal workplace safety regulators said on Friday they will revisit several COVID-19 related safety investigations performed during the Trump administration as part of a wider effort to better protect workers from the pandemic. The U.S. Occupational Safety and Health Administration …

Internet Law Protects Video Platform From Church’s Bias Claim, Court Rules

Vimeo Inc. is immune to a lawsuit by a church whose account it deleted for promoting gay conversion, the federal appeals court in New York ruled, amid a battle over online speech. Church United and its president and founder, James …

Ransom-Seeking Hackers Are Exploiting Flaws in Microsoft Email Software

Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft’s widely used mail server software, the company said early Thursday – a serious escalation that could portend widespread digital disruption. The disclosure, initially made on Twitter by …

$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley

Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial lines and cyber insurance products as well as advances in texting communications, producer management and licensing compliance, and digital risk …

P/C Insurers Improved Profitability in Year of Coronavirus: AM Best

Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase in net underwriting income and combined ratio that improved slightly over the previous year. These preliminary results are from a new …

Purdue Pharma’s Sacklers Increase Opioid Settlement Offer to $4.3B: Reuters

Members of the Sackler family who own Purdue Pharma LP have offered roughly $4.3 billion to resolve sprawling opioid litigation, up from $3 billion initially proposed in settlement discussions underway in the OxyContin maker’s bankruptcy proceedings, four people familiar with …

Insurance Safety Institute Finds Adaptive Cruise Control Raises Fatal Crash Risk

Adaptive cruise control systems on cars, which control braking and speed, raise the risk of traffic crashes because the technology leads drivers to go faster, a U.S. study found on Thursday. The Insurance Institute for Highway Safety found that drivers …

Transactional Risk Insurance Hits Record High Despite Pandemic: Marsh

After a dramatic downturn in the second quarter of 2020 due to the coronavirus pandemic, merger and acquisition (M&A) deal volume soared to record highs in the second half of the year. This was mirrored in growth of transactional risk …

CRC, Pan-American to Offer Workers’ Comp to Trucking Industry

A new partnership between specialty wholesaler CRC Group, 5Star Specialty Programs and life insurer subsidiary Pan-American Benefit Solutions (PABS), will focus on offering workers’ compensation coverage for the trucking industry. The offering is part of PABS’s capacity expansion to writing …

Google Hires Deloitte’s Walsh to Lead North American Insurance Business

Google has hired former Deloitte Digital partner Nigel Walsh to lead its insurance business in North America. Walsh disclosed the news on Twitter and LinkedIn. He noted on LinkedIn that he’ll be part of a team led by Yolande Piazza, …

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