National News

Analysis: Exit from Paris Agreement Creates Climate Liability for U.S. Businesses

The outcome of the U.S. general election is not yet clear. What’s been obvious for months is that climate change was on the ballot, and the U.S. election matters for global climate action. And one thing is certain: The U.S. …

Threat of U.S. Insurance Regulatory Crackdown Fades Without Democratic ‘Blue Wave’

Insurers appear to have dodged a revival of strict regulations and policy upheavals after an anticipated Democratic “Blue Wave,” which would have allowed progressives to push for broad reforms, failed to materialize on Wednesday, said industry executives. The U.S. presidential …

U.S. Officially Becomes 1st Nation to Exit Paris Climate Pact

The U.S. has officially become the first nation to quit the Paris climate agreement, even as the outcome of the country’s presidential race remains undetermined. President Donald Trump, who’s fighting for re-election, moved to withdraw from the landmark environmental accord …

Women Suing Goldman Sachs Demand Files with Words They Say Prove Discrimination

Women suing Goldman Sachs Group Inc. for gender discrimination are going after any internal documents with words like “babe,” “bimbo” or worse that they say would show bias by executives who administered the bank’s promotion and evaluation policies. The women …

AXIS Insurance Adds 3 Underwriters to Renewable Energy Team in U.S.

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced the addition of three new underwriters to its U.S. Renewable Energy team, effective immediately. Kristopher Williams and Melissa Marsh have both joined the team as renewable energy …

Despite Challenges, New Year Will Bring Strong, Stable Industry: Hartwig

Despite a year of unprecedented challenges and uncertainty and a halting global economic recovery, the insurance industry remains strong, stable, sound and secure. Though below pre-COVID forecasts, major indicators point to positive rates of growth and a positive return on …

Missouri High Court Rejects Johnson & Johnson Appeal of $2.12B Baby Powder Award

Missouri’s highest court on Tuesday refused to consider Johnson & Johnson’s appeal of a $2.12 billion damages award to women who blamed their ovarian cancer on asbestos in its baby powder and other talc products. The Missouri Supreme Court let …

Kemper Reports $122.3M in Net Income During Q3

Kemper Corp.’s Q3 net income dipped slightly, though that decline would have been worse if not for after-tax gains in assessments and investments. The company reported $122.3 million in net income during the 2020 third quarter, or $1.83 per diluted …

CoreLogic Discloses Strategic Review that Includes Possible Sale

Data and analytics firm CoreLogic disclosed that its board is conducting a strategic review of its operations, with a goal of “maximizing shareholder value.” That’s a nebulous term that can end up meaning a variety of things, including a potential …

Starr’s Marine Division Launches Terminal Management System Loss Control Program

Starr Marine, a division of Starr Insurance Companies, has introduced a Terminal Management System (TMS) Assessment Program, designed to help Starr clients identify and reduce the risks unique to marine terminal operations of all sizes. The TMS program, developed in …

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