National News

FDA Warns of Asbestos in Claire Cosmetics; Seeks New Rules on Talc

The U.S. Food and Drug Administration called on Congress to modernize rules for cosmetics safety on Tuesday after it issued an alert warning consumers not to use three cosmetics products sold by Claire’s Stores Inc. because they tested positive for …

New York Regulator Subpoenas Insurance Broker About Trump Organization

New York’s insurance regulator issued a subpoena to the Trump Organization’s primary insurance broker, a person familiar with the matter said. It came just days after President Donald Trump’s former personal attorney testified to Congress that the president’s company sometimes …

Update: Aon Considers Bid to Buy Willis Towers Watson

Aon Plc is considering a combination with rival insurance brokerage Willis Towers Watson Plc, in what could be the industry’s largest ever merger. Aon is in the early stages of exploring an all-share tie-up with Willis Towers, it said in …

Pie Keeps Growing; Workers’ Comp Startup Raises $45 Million in Latest Round

Pie Insurance, an insurtech selling workers’ compensation coverage online to small businesses, has completed a $45 million Series B funding round. Participating investors included SVB Capital, Sirius Group, Greycroft, Moxley Holdings, Aspect Ventures, and Elefund. To date, Pie has raised …

Carmakers on Mobility Utopia: ‘Show Us the Money’

Jim Hackett’s first job at Ford Motor Co. was to figure out ways to make money that didn’t involve selling cars. One of his first big decisions as the executive in charge of smart mobility, a catch-all term for app-driven …

Trump Administration Allows Lawsuits Against Some Businesses in Cuba

The Trump administration said on Monday it would allow lawsuits by U.S. citizens against dozens of Cuban companies and other entities on Washington’s blacklist but will maintain, for now, a ban against suing foreign firms doing business on the communist-ruled …

Industry Eyes Renewal of U.S. Terror Reinsurance and Alternatives Should Congress Fail

U.S. insurers are pushing for the extension of a federal terrorism risk insurance program, hoping to fend off a possible gap that would leave their clients scrambling for alternate coverage. The program, which expires at the end of 2020, was …

Why Insurance Marketing Reps Are Still Worth the Money

Here we go again — another cycle for having marketing representatives, or not. Let’s talk about the way it was and the way it is now. Actually, what was and what is now is basically the same as far as …

NIP Group, AXA XL Partner on Greenhouse, Garden Center, Nursery Insurance Program

NIP Group, Inc. has entered into an underwriting agreement with AXA XL on its GrowPro insurance program. GrowPro provides a complete insurance product for greenhouse growers, nurseries and garden centers nationwide. According to Tom Doherty, president of NIP Group’s Specialty …

Supreme Court Rules Railroad’s Payments to Injured Workers for Lost Wages Are Taxable

The Supreme Court has ruled that payments to injured employees for lost wages by a railway company are taxable under the Railroad Retirement Tax Act (RRTA). The opinion in BNSF Railway Co. vs. Loos by Justice Ruth Bader Ginsburg, in …

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