National News

PLUS Offers Cyber Liability Insurance Designation

The Professional Liability Underwriting Society (PLUS) has launched a designation program for cyber liability professionals. The Cyber Professional Liability Practitioner (CPLP) designation builds on the organization’s Registered Professional Liability Underwriter (RPLU) designation that has been earned by more than 3,000 …

Florida’s TypTap Attracts $100M to Expand Nationally in Flood, Homeowners Insurance

TypTap, a five-year old Florida-based writer of private market homeowners and flood insurance, has attracted $100 million in financing from investment firm Centerbridge Partners. The company plans to use the money to expand nationally. TypTap said it has obtained regulatory …

Google to Offer Cyber Insurance From Allianz, Munich Re to Cloud Users

Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its cloud services, the first time a major provider has opened up such insurance to its clients, the companies said on …

Supreme Court Justices Question Patent Tribunal’s Constitutionality

U.S. Supreme Court justices on Monday signaled they may rein in the power of in-house judges serving on a U.S. Patent and Trademark Office tribunal who have the ability to cancel patents in a case involving a dispute between surgical …

U.S. Conducting Probe of 1.9M Toyota RAV4s Over Fire Risk

U.S. auto safety regulators on Monday said they have opened an investigation into nearly 1.9 million Toyota RAV4 sport-utility vehicles over potential fire risks. The National Highway Traffic Safety Administration (NHTSA) said the preliminary evaluation looking at 2013-2018 RAV4 vehicles …

Many States Lack Flood Risk Disclosure Laws for Homebuyers

Homebuyers in nearly half of the states including hurricane-prone Florida can be left in the dark about the flood risks to their new house. The Natural Resources Defense Council (NRDC) ) has released an updated scorecard that shows which states …

GEICO Drives Up Berkshire 2020 Underwriting Profit

With GEICO’s 2020 underwriting profit more than doubling above the level recorded in 2019, Berkshire Hathaway’s full-year property/casualty underwriting income was in the black, even though the conglomerate’s P/C reinsurance units saw underwriting losses in both years. Taken together, $3.4 …

Top Workplace Discrimination Complaints of 2020: Retaliation #1

More than half of all workplace discrimination complaints filed with the U.S. involve retaliation, according to figures from the Equal Employment Opportunity Commission (EEOC). Retaliation was the most frequently cited claim in charges filed with the agency—accounting for 55.8 percent …

Court Up’holds’ Insurers’ Denial of $6M Crime Claim for Phishing Loss

Real estate software maker RealPage has been denied a $6 million computer crime insurance coverage claim because the stolen funds were not in its possession but were instead being held by a payment processing firm at the time of a …

Crash Victims’ Families Seek Boeing CEO Testimony; Lawmakers Seek FAA Records

Relatives of victims of a Boeing Co. 737 MAX crash in Ethiopia that occurred five months after an Indonesian Lion Air disaster are stepping up pressure on the American planemaker and the federal government, according to a court filing and …

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