National News

Judge Nixes Trump Administration’s Low-Cost Association Health Plans for Small Firms

A federal judge has struck down a small-business health insurance plan widely touted by President Donald Trump, the second setback in a week for the administration’s health care initiatives. U.S. District Judge John D. Bates wrote in his opinion late …

New Investment Management Coverage from Berkley Targets Asset, Fund Managers

Berkley Professional Liability, a Berkley Company, has expanded its product offerings to include a primary management liability policy for investment advisors and funds. The new customizable policy offers a choice of coverage options, including investment adviser professional liability, fund professional …

FDA Medical Panel Opposes Restrictions on Breast Implants at This Time

Government medical advisers said this week it’s too soon to ban a type of breast implant that has recently been linked to a rare form of cancer, saying more information is needed to understand the problem. The Food and Drug …

Judge Allows Suit Over Nestle Claim Its Poland Spring Water Is From Natural Spring

A federal judge on Thursday rejected Nestle SA’s bid to dismiss a revised lawsuit claiming that it defrauded consumers by filling bottles of its Poland Spring water with ordinary groundwater. U.S. District Judge Jeffrey Alker Meyer said consumers from eight …

Final Four a ‘Big-Ticket’ for Insurers Covering NCAA Tournament

If the NCAA’s Final Four basketball games were to be cancelled or postponed for any reason, that would be really, really bad news, not only for the collegiate sports association and fans but also for the panel of insurers that …

House Committee Passes Bill to Protect Banks, Insurers Serving Marijuana Businesses

A House committee has advanced a bill to protect financial institutions from criminal prosecution for providing services to legal marijuana businesses. The House Financial Services Committee voted 45 to 15 in favor of the SAFE Banking Act, which promises to …

Rates, Lower Loss Frequency, Innovation Drove Personal Auto Market Turnaround

After a weakened performance in 2015-2016, the U.S. private passenger auto segment has turned around as rate actions and underwriting initiatives have driven a 3.8-point year-over-year improvement in the sector’s combined ratio in 2017. A 4.7-point loss ratio reduction through …

Court Rules Dating App Not Liable for Harassing Content

A U.S. federal appeals court refused to hold Grindr liable to a New York man who said his former boyfriend used the gay dating app to post fake profiles, in a harassment campaign that caused more than 1,000 men to …

California Commissioner Yet to Move on Petition from Climate Activists for More Insurer Regs

Nobody’s saying much as California Insurance Commissioner Ricardo Lara considers how he will respond to a petition submitted by climate change activists urging him to place new regulations on insurers to disclose what projects in the fossil fuel industry they …

Supreme Court May Overturn Tradition of Courts Deferring to Regulatory Agencies

The U.S. Supreme Court’s conservative justices expressed doubts about a precedent that business groups and the Trump administration say gives federal agencies too much power to change regulations without notice. In an hour-long argument in Washington on Wednesday, the court …

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