National News

New House Finance Chair Waters Under Pressure; Flood Insurance on Bipartisan Agenda

As Maxine Waters takes the gavel of the powerful House Financial Services Committee, it’s not clear whom she’ll end up disappointing more: business-friendly Democrats or progressive Democrats. Conservative Republicans have derided her for touting President Donald Trump’s impeachment, vowing revenge …

Ford Recalls More Than 953,000 Vehicles Globally to Replace Air Bag Inflators

Ford is recalling more than 953,000 vehicles worldwide to replace Takata passenger air bag inflators that can explode and hurl shrapnel. The move includes over 782,000 vehicles in the U.S. and is part of the largest series of recalls in …

AGCS, Praedicat to Offer Product Safety Resource to Industrial Companies

Allianz Global Corporate & Specialty (AGCS), and Praedicat, an insurtech analytics company based in Los Angeles, have expanded their partnership to provide access to ChemMeta, Praedicat’s software product delivering science and regulatory risk analytics for industrial companies. ChemMeta allows both …

Marriott Says Fewer Records Stolen in Starwood Hack Than First Thought

Marriott International Inc. said on Friday that fewer than 383 million customer records were stolen in a massive cyber attack disclosed last month, down from its initial estimate that up to 500 million guests were affected. The hotel operator also …

Nationwide Acquires Liability Insurance Program Manager E-Risk Services

Insurer Nationwide has acquired E-Risk Services, a privately-held, program manager specializing in management lines. Terms of the purchase agreement between were not disclosed. The transaction closed on January 1, 2019. E-Risk Services, located in Flanders, N.J., operates as an underwriting …

Mixing Up Occupancy for Commercial and Residential Properties

There is a trend in residential construction to build condominium communities that go beyond the traditional amenities we’re used to. We are accustomed to work out rooms, pools, game rooms and the like in communities. What we see today also …

Trump Administration Delay with Storm Mitigation Funds Frustrates States

The Trump administration is sitting on billions of dollars intended to help vulnerable cities and states prepare for extreme weather, prompting growing criticism from state officials worried about the next storm season. In February, following a string of severe natural …

Learning by Doing and Undoing: Insurtech Pilots and Pivots

“If you can’t admit a failure, you’re not an entrepreneur. You are not a good business person. There’s nothing brilliant about what you are doing.” –Mark Cuban Insurtechs are great for the industry because it needs to change to be …

Judge Grants Monsanto Request Limiting Evidence in Roundup Cancer Claims Trials

A federal judge overseeing lawsuits alleging Bayer AG’s glyphosate-based weed killer causes cancer has issued a ruling that could severely restrict evidence that the plaintiffs consider crucial to their cases. U.S. District Judge Vince Chhabria in San Francisco in an …

Southern California City Asking Residents for Suggestions on Battling Climate Change

The city of Long Beach, Calif. is soliciting help from its citizens to come up with a plan to deal with climate change. The coastal city of roughly half-a-million, which was an early adopter of the ban on plastic bags …

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