National News

Trump Now Sides With Those Hoping to Pull Plug on All of Obamacare

The Trump administration is siding with Obamacare opponents who argue that it is unconstitutional and should be scrapped entirely, initiating a new, more aggressive assault on the health care law that will assure the issue will be squarely at the …

Marsh Partners with Insurers on Program to Help Firms Pick Best Cybersecurity Products

What the insurance industry has done for auto and building safety products, insurance broker Marsh wants to extend to cybersecurity products. That is, recommend the cybersecurity products that are the most effective. The program, named Cyber Catalyst, calls on leading …

Berkley FinSecure Launches Embezzlement Insurance for Investors

Berkley FinSecure, a Berkley Company, has launched Capital Shield, an insurance product that covers individuals for embezzlement of their invested assets. The product has been launched with Capital Shield Inc. and Capital Shield Insurance Services and covers individual investors in …

Trump Eyes Bipartisan Deals on Infrastructure and Drug Prices

U.S. President Donald Trump is willing to work with congressional Democrats to lower drug prices for Americans and on infrastructure funding, White House adviser Kellyanne Conway said on Tuesday. Conway said the Trump administration considered those two issues as areas …

J&J, Bayer Deny Liability But Settle 25,000 Xarelto Lawsuits for $775 Million

Bayer AG and Johnson & Johnson have agreed to settle more than 25,000 U.S. lawsuits alleging that their blockbuster blood thinner Xarelto caused unstoppable and in some cases fatal bleeding for a total of $775 million, court documents on Monday …

Employers Using Robots to Catch Fraud in Expense Reports

It sounds like it should have been impossible to miss, but it took more than a year for an industrial equipment company to discover $12,000 worth of doggie day spa charges on an employee’s expense reports. Level upon level of …

Supreme Court Rejects Copyright Claim Against Nike’s Michael Jordan Image

The U.S. Supreme Court rejected an appeal from a photographer who said Nike Inc. stole key aspects of his iconic photo of basketball star Michael Jordan and used them to sell billions of dollars in shoes and other merchandise. The …

How to Turn Today’s Confusion Into a Sustainable Cyber Insurance Market

There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep pace. Meanwhile, the question of how to transform …

Cohen & Co. Insurance Acquisition Corp. Raises $150 Million in IPO

Insurance Acquisition Corp., company sponsored by Cohen & Co. and formed for the purpose of acquiring or merging with insurance firms, completed an initial public offering that raised gross proceeds to the company of $150,650,000. Insurance Acquisition Corp. is a …

Supreme Court Denies Amazon’s Bid to Halt Suit Over Hack of Zappos

The U.S. Supreme Court turned away an appeal by Amazon.com Inc.’s Zappos unit, letting a lawsuit proceed over a 2012 hack that exposed the personal information of 24 million customers. The online shoe and clothing retailer argued unsuccessfully that the …

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