National News

Baltimore Bridge May Trigger Historic Marine Loss, Lloyd’s of London Says

Insurance payouts for Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd’s of London Chief Executive Officer John Neal. “This has the potential to be one of …

US Offers $10M Bounty for Information on ‘Blackcat’ Hackers Who Hit UnitedHealth

The U.S. State Department on Wednesday offered up to $10 million for information on the “Blackcat” ransomware gang who hit the UnitedHealth Group’s tech unit and snarled insurance payments across America. “The ALPHV Blackcat ransomware-as-a-service group compromised computer networks of …

UnitedHealth Offers Over $3.3B in Loans to Providers Hit by Cyberattack on Unit

UnitedHealth Group said on Wednesday it has advanced more than $3.3 billion in loans to care providers impacted by a cyberattack on the U.S. healthcare conglomerate’s tech unit last month. Earlier this month, UnitedHealth launched a temporary funding program for …

J&J Can Contest Evidence Linking Its Talc to Cancer, US Judge Rules

Johnson & Johnson will get a new chance to contest the scientific evidence linking talc to ovarian cancer, a federal judge ruled on Wednesday, potentially disrupting more than 53,000 lawsuits the company is now facing over its talc products. In …

Asset-Backed Securities Face New Risks From US Court Decision

A federal court decision has raised new legal risks for a corner of Wall Street that bundles consumer loans into asset-backed securities. A US appeals court last week for the first time upheld the power of the Consumer Financial Protection …

Private Space-Station Maker Sued Over Claims Radio Bands Misused

Vast Space LLC, founded by cryptocurrency billionaire Jed McCaleb, is being sued by a former engineer who claimed he was fired for refusing to use improper radio frequencies in designs for a commercial space station the company hopes to launch …

Deadly Lithium Battery Fires Force Lawmakers to Play Catch-Up on Safety

For a decade, Illinois state Sen. Sue Rezin has recognized the technological and economic potential of lithium-ion batteries. Rezin, a Republican who serves in a district that is a major chemical and energy industry hub southwest of Chicago, also recognizes …

The Target Markets, The Institutes Launch Program Business Professional Designation

The Target Markets Program Administrators Association (TMPAA) and The Institutes Knowledge Group created a new credential for program insurance professionals, the Program Business Professional (PBP) designation. The PBP designation is set to officially launch in May at the upcoming TMPAA …

People Moves: Lockton Taps Marsh’s Gill to Build Technology Specialty Practice

Lockton Taps Marsh’s Gill to Build Technology Specialty Practice Lockton, the independent insurance broker, announced that Manpreet “Preet” Gill is joining the firm’s technology specialty to build and grow a practice focused on developing creative solutions to address a variety …

Subaru to Recall More Than 118,000 Vehicles in US: NHTSA

Subaru of America is recalling 118,723 SUVs and sedans in the U.S. over an issue which prevents air bags from deploying in a crash, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday. The recall covers certain Outback and …

National News Archives by Month