National News

Markets/Coverages: No Application Needed for New NOW Insurance MedMal Coverage

NOW Insurance, an artificial intelligence-enabled commercial insurance platform specializing in medical professional liability coverage, recently launched coverage for physicians and physician groups in their online platform. Select brokers can now shop for and bind coverage for physician and medical group …

As Homeowners Face Mounting Disasters, Reality TV Wants to Help

Television networks are tapping into a mounting challenge affecting many US homeowners: Rebuilding after disasters. Rachael Ray — the chef whose TV programs on quick dinners gained popularity in the early 2000s — has created a new show called Rachael …

Catholic Nuns Sue Smith & Wesson to Halt its Assault-Style Weapons Sales

A group of Catholic nuns have sued the board of Smith & Wesson to try to force the gunmaker to abandon the manufacture, marketing and sales of assault-style rifles that have been used in U.S. mass shootings. The nuns, in …

Florida Commissioner, NAMIC Latest to Push Back on Federal Climate Change Data Call

Florida’s insurance commissioner and the National Association of Mutual Insurance Companies are pushing back against a plan by the U.S. Treasury to collect data from insurers on risks from climate change, calling it “federal overreach,” burdensome and unauthorized by law. …

23andMe Says Health Data Was Included in Hack That Compromised 6.9 Million Users

Some 6.9 million 23andMe customers had their data compromised after an anonymous hacker accessed user profiles and posted them for sale on the internet earlier this year, the company said on Monday. The compromised data included users’ ancestry information as …

US DOJ Slaps Criminal Fines on UK Brokers Tysers and H.W. Wood for Bribery

The US Department of Justice has slapped criminal penalties on UK reinsurance brokers Tysers Insurance Brokers Ltd. and H.W. Wood Ltd. as a result of their participation “in a corrupt scheme to pay bribes to Ecuadorian government officials,” the DOJ …

During Pandemic, Surgeries Delayed, but Care on Track for Injured Workers: WCRI

Injured workers got timely initial help during the COVID-19 pandemic but faced a longer wait for surgery compared to pre-pandemic years. A new Workers Compensation Research Institute (WCRI) FlashReport examined the time from injury to first medical service among workers’ …

NOAA: 2023 Atlantic Hurricane Season Ranks 4th for Most-Named Storms

Ending on Nov. 30, the 2023 Atlantic hurricane season saw 20 named storms, ranking fourth for the most-named storms in a year since 1950, the National Oceanic and Atmospheric Administration (NOAA) said. Seven storms were hurricanes and three intensified to …

Federal Crop Insurance Provides Billions in Profit for Insurers, Says USDA

Roughly one-third of U.S. government spending to insure the nation’s crops since 2011 has gone to insurance companies that derive more than $1 billion in profit from the program each year, according to a government watchdog’s report released on Monday. …

US Supreme Court Torn Over Purdue Pharma Bankruptcy Settlement

U.S. Supreme Court justices on Monday struggled over whether to approve OxyContin maker Purdue Pharma’s bankruptcy settlement, voicing concern the deal would shield its wealthy Sackler family owners from lawsuits over their role in a deadly opioid epidemic while also …

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