National News

Travelers Expands Wedding Protector Plan to Include Jewelry Insurance

The Travelers Companies, Inc. has expanded its Wedding Protector Plan insurance offering to include separate fine jewelry insurance policies with coverage limits of up to $100,000. Typical homeowners insurance policies often have limits for jewelry of up to about $1,500. …

EPA Readies ‘Forever Chemical’ PFA Safety Plan Amid Calls for Tougher Action

The Environmental Protection Agency is expected to announce a plan for dealing with a class of long-lasting chemical contaminants amid complaints from members of Congress and environmentalists that it’s not moved aggressively enough to regulate them. So-called forever chemicals, perfluoroalkyl …

Hanover Partners with RSA Group to Expand International Specialty Offerings

The Hanover Insurance Group, Inc. has a new agreement with the multinational insurer RSA Group to join its global network as a U.S. strategic network partner. This relationship expands The Hanover’s international specialty capabilities for domestic businesses with overseas risks. …

Travelers to Provide Auto Insurance for Lexus Complete Lease Program

The Travelers Companies, Inc. will be the auto insurance provider for the new Lexus Complete Lease, a two-year, 20,000-mile lease program for the Lexus UX compact crossover vehicle. The full-service leasing option bundles the cost of the vehicle, auto insurance, …

Look Who Is Betting on the Agency System

According to some pundits, buyers should all be online and the agency system should be dead by now. However, it appears not everyone got that memo. Here are some recent examples of companies, techies and investors betting on agents and …

New Ventures, Driver Shortage Among Challenges in Trucking Insurance Market

The transportation industry is considered a barometer of the U.S. economy. If freight is trending up, so too is the U.S. economy. But capacity constraints for trucking – including a shortage of qualified drivers, low truck supply and the rising …

California Weighs Buying Disaster Insurance Policy to Cover Wildfire Costs

California’s insurance commissioner and a lawmaker want to the state to consider buying insurance in the private market to cover rapidly increasing costs of fighting wildfires due to climate change. State Sen. Bill Dodd, D-Napa and California Insurance Commissioner Ricardo …

Auto Loan Delinquencies Keep Rising But Economists Hold Off on Alarm

Borrowers are behind in their auto loan payments in numbers not seen since delinquencies peaked at the end of 2010, according to the Federal Reserve Bank of New York. More than 7 million Americans were 90 or more days behind …

Nationwide’s ‘SmartMiles’ Auto Insurance Targets Low-Mileage Drivers

For those who work from home, carpool frequently or use public transit more than they drive, Nationwide is launching SmartMiles, an auto insurance policy for low-mileage drivers. BuildIng on its telematics SmartRide offering, SmartMiles allows Nationwide customers to pay for …

Study Questions Safety Claims About Tesla Autopilot’s Steering Feature

An analysis of government data disputes a finding by safety regulators and promoted by Tesla Inc. that crash rates of its older vehicles declined after they were equipped with an automatic steering capability. The study, released Friday by Quality Control …

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