Monthly Archives: <span>March 2017</span>

Alphabet Adds New Patent Infringement Claim to Suit Against Uber

Alphabet Inc.’s self-driving car unit Waymo on Friday added a new patent claim to its intellectual property lawsuit against Uber Technologies Inc. and requested a preliminary injunction to stop the ride-sharing service from using what it says is proprietary information, …

‘Globesity’ Reaches Pandemic Levels: Aetna International Report

Urgent action is required to limit the global fallout from rising obesity levels, according to a report published by health insurance provider Aetna International. Aetna International said it analyzed data from the World Health Organization (WHO), the United Nations, governments …

NJM Partners with American Modern to Offer Enhanced Collector Car Insurance

NJM Insurance Company has announced an expanded partnership with American Modern Insurance Group for coverage available in New Jersey and Pennsylvania. American Modern offers comprehensive collector car insurance policies. In addition to agreed value loss settlement, which protects against depreciation, …

Fairfax Financial to Pay More Cash, Less Stock, for Allied World

Toronto-based insurance group Fairfax Financial Holdings Ltd. said it would increase the cash component of its offer to buy Allied World Assurance Co. Holdings AG by $18 per share. The increase in the cash component of the offer would reduce …

UK’s Terrorism Reinsurer, Pool Re, Plans to Extend Cover to Include Cyber

Britain’s 6 billion pounds ($7.3 billion) terrorism reinsurance fund hopes to extend its cover to include cyber attacks on property, chief executive Julian Enoizi said. Pool Re, set up in 1993, acts as a backstop to insurers paying out claims …

Top 10 Highest-Performing Large Commercial Insurers: J.D. Power

XL Catlin was 2016’s highest-performing large commercial insurer in terms of customer satisfaction, according to the latest J.D. Power study. CNA, Chubb, Berkshire Hathaway Homestate Companies and a pre-merger ACE (which acquired Chubb) rounded out the top 5. Those designations …

Automakers Recalled Record 53 Million Vehicles in U.S. in 2016

Automakers recalled a record 53.2 million vehicles in 2016 in the United States after a massive expansion of the callback to replace Takata Corp. air bag inflators, the U.S. Transportation Department said on Friday. Under aggressive enforcement by the Obama …

Trump Officials Vow More People Covered, Lower Premiums Under Health Care Bill

Sweeping White House promises that insurance premiums will fall and more people will have coverage under the Obamacare replacement plan may be hard to keep as conservatives demand limits to government involvement in health care before they support the measure. …

Young Insurance Agents: Tell Us What You Think

Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey. Tell us what you …

Louisiana Republicans’ Response to Health Insurance Plan Mostly Muted

Louisiana’s majority-Republican congressional delegation hasn’t exactly embraced the GOP proposal to replace President Barack Obama’s health care law, with most members instead offering a cautious, noncommittal response. Only Rep. Steve Scalise, the third-ranking House Republican and a member of the …