National News

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 …

Jury Finds J&J Not Liable in Talcum Powder Cancer Case in California

A California jury on Wednesday cleared Johnson & Johnson of liability in a case involving a woman who alleged that the company’s talc-based products, including its baby powder, contain asbestos and caused her cancer, the company said. The jury in …

Take1 Insurance to Offer Escape Room Coverage for Association Members

The Association for Room Escapes of North America (ARENA) is now offering a low-cost insurance program for North American escape room owner/operators designed by entertainment and live event insurance provider Take1 Insurance. The new ARENA program offered through Take1 Insurance, …

AIG, Carlyle Complete Deal Creating Run-Off Reinsurer, Fortitude Re

The Carlyle Group has completed its acquisition of a 19.9 percent stake in Fortitude Group Holdings, a reinsurer operating as Fortitude Re, formerly known as DSA Re. The AIG-Carlyle transaction, first announced in August, is part of a plan to …

National Hockey League Reaches $19M Concussions Settlement with Retired Players

The National Hockey League announced a tentative $18.9 million settlement Monday with more than 300 retired players who sued the league and accused it of failing to protect them from head injuries or warning them of the risks involved with …

Tesla Settles Most Sudden Acceleration Claims

Tesla Inc. resolved most of a purported class-action lawsuit by customers who alleged that their Model S and Model X vehicles would suddenly accelerate, which in some cases resulted in accidents. Lawyers for the carmaker and the plaintiffs said in …

Solutions to Wildfires in Time of Climate Change Are Costly, Unpopular

California’s deadly wildfires have a straightforward solution, experts say: stop building homes in places that are likely to burn — and make homes that already exist in those areas a whole lot tougher. That approach, wildfire and climate policy experts …

Seeman Holtz Agency Acquires Insurtech Goji

Fast-growing insurance agency Seeman Holtz Property & Casualty has taken a technology leap forward by acquiring Boston-based online home and auto Insurance agency Goji (formerly Consumers United) and its technology platform. Goji is a licensed insurance agency that writes policies …

QBE North America Sells National Farmers Union to National General

National General Holdings Corp. has agreed to acquire National Farmers Union Property and Casualty Co. from QBE North America. The estimated purchase price is $43 million. National Farmers Union Insurance writes personal and farm auto and farm and homeowners’ insurance …

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