National News

Florence Impact on Insurers Tempered by Mostly Uninsured Flood Losses

Insurance industry losses from Hurricane Florence, which hit the Carolinas mid-September as a Category 1 storm, will be manageable and not have a severe impact on insurers, according to experts. As the storm turned out to be less of a …

Chubb Appoints Barziza to Lead North American Property Claims

Chubb has appointed Tim Barziza as head of its North American Property Claims. In this role, Barziza will be responsible for leading the technical and administrative operations of the Property Claim Service, including the recovery and the special investigations units …

Employers Providing Paid Family Leave Qualify for Tax Credit

The Treasury Department announced that as part of the 2017 Tax Cuts and Jobs Act, eligible employers who provide paid family and medical leave to their employees during tax years 2018 and 2019 may qualify for a new business credit. …

Judge Signals Trump’s Tweet Over Stormy Daniels Is Free Speech, Not Libel

Stormy Daniels’s libel lawsuit over a tweet by Donald Trump looks to be doomed after a judge said the president was engaging in free speech. The adult film star, whose real name is Stephanie Clifford, claims she was threatened by …

NBA Chief Urges Teams to Adopt New Workplace Policies for Women

National Basketball Association (NBA) Commissioner Adam Silver wants all teams to hire more women, especially in leadership and supervisory positions, and is urging them to take some of the mandates that the Dallas Mavericks must now adhere to as an …

AXIS Insurance, DUAL North America Partner on Environmental Risk Program

AXIS Insurance, the insurance business segment of AXIS Capital Holdings Limited, has partnered with DUAL North America, the underwriting arm of the Hyperion Insurance Group, to provide environmental risk product offerings for contractors, consultants and engineers in the United States. …

U.S. Lawsuit Accuses Walmart of Bias Against Pregnant Employees

Walmart is again being accused of violating federal law by failing to accommodate workers’ pregnancy-related medical restrictions. According to a lawsuit brought by the federal Equal Employment Opportunity Commission (EEOC), Alyssa Gilliam and a class of pregnant employees at Walmart’s …

Lawnmower Injuries Remain Source of Serious Injury and High Costs

Lawnmower injuries persists at a rate of close to 6,400 a year, most of them requiring surgery and hospitalization, and costing an average of $37,000 per patient. In what Johns Hopkins Medicine researchers call an unusually comprehensive analysis of nationwide …

Former AIG, Ironshore Executive Mitrovic Joins Cooper Levenson Law Firm

Veteran insurance executive Michael Mitrovic has joined the Cooper Levenson law firm in its insurance defense litigation practice. Mitrovic’s career spans nearly 40 years in the insurance industry. He served as president of Global Claims for Ironshore Inc., where he …

Holdout Bondholders Agree to Support Puerto Rico Restructuring Deal

Two major holders of Puerto Rico bonds that opposed a restructuring deal for the bankrupt U.S. commonwealth’s Sales Tax Financing Corporation (COFINA) revenue bonds are now part of the agreement, the island’s federally appointed oversight board announced on Friday. The …

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