National News

Jobless Ranks May Be Inflated by Millions of Gig Workers

The hardest people to pin down in America’s labor market may be the gig workers: How many hours do they put in, where, and just how many are out there? The Labor Department, in a report Wednesday, said there are …

ProWriters Launches Online Cyber Insurance Portal

ProWriters has launched Cyber Insurance Portal exclusively for insurance agents and brokers that is designed to streamline the insurance comparison process by allowing brokers to instantly compare rates for their clients from multiple carriers. The Cyber Insurance Portal offers agents …

Nationwide Insurance Cutting 1,000 Jobs

Nationwide intends to eliminate the jobs of about 1,100 employees across the country _ around 3.6 percent of its workforce. The insurance and financial services company says about 80 workers in Des Moines and 350 in Columbus, Ohio, were told …

Carbon Copies of Flo, Jake, Gecko Join Climate Change Protest at NAIC Meeting

An angry Flo, an unusually sullen Jake, a less-than cheeky Gecko and a hawkish duck stood outside the National Association of Insurance Commissioners meeting in San Francisco on Thursday in protest to call out the industry for its investments in …

Ambulatory Centers’ Surgery Costs Below Hospitals’, Workers’ Comp Research Finds

There is new evidence that ambulatory surgery centers are less expensive for certain surgeries than hospitals. Payments for similar knee and shoulder surgeries performed in ambulatory surgery centers (ASCs) were lower compared with hospital outpatient departments in 14 of 18 …

Safety Board Hearing Probes Fatal Southwest Airlines Boeing 737 Explosion

The U.S. National Transportation Safety Board opened an investigative hearing on Wednesday into the fatal engine explosion on a Southwest Airlines Boeing 737 that killed one passenger. Dallas-based Southwest has been under scrutiny since an engine on a flight headed …

Markel Completes Acquisition of Investment Manager Nephila

Specialty insurer Markel Corp. has completed its acquisition of Nephila Holdings, an investment manager specializing in reinsurance risk. According to the transaction that was first announced in August, Nephila will continue to operate as a separate business unit. The management …

Bipartisan Senate Bill Would Regulate Proxy Advisors

Six U.S. senators on Wednesday introduced a bill that would require the U.S. securities watchdog to directly regulate firms such as Glass, Lewis & Co and Institutional Shareholder Services, which advise investors on how to vote in corporate elections. The …

Cyber Expert Says Industry Over-Complicates Cyber Insurance

Cyber insurance is relevant to every type of business but the insurance industry needs to make it simpler so that more businesses understand why they should buy it, according to Graeme Newman, chief innovation officer at CFC Underwriting, a cyber …

New ISO Management Liability Program Targets Private Companies’ Increasing Risks

ISO has launched a management liability insurance program designed to address the increasing risks faced by private companies, including sexual harassment. ISO is a Verisk business and a leading provider of forms, rules, and rating information for the property/casualty insurance …

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