National News

REIN, Liberty Specialty Markets Launch On-Demand Drone Coverage

REIN, an insurtech company providing insurance for risks posed by robotics, mobility and online ecosystems, has launched its first digital portal, DroneInsurance.com, offering drone insurance for commercial drone operators. DroneInsurance.com is an online automated platform for commercial drone operators. For …

Senator Inserts Flood Insurance Renewal in Farm Bill

As the U.S. Senate prepared to consider amendments to its version of a farm bill, Sen. John Kennedy (R., La.) on Wednesday inserted a proposal to reauthorize the National Flood Insurance Program (NFIP) for six months. The program extension, which …

Amazon to Buy Online Pharmacy Startup PillPack as Entry Into Health Care

Amazon.com Inc. agreed to buy the online pharmacy startup PillPack, jumping into the health care business with a deal that will give the retail giant an immediate nationwide drug network. The move represents a formidable threat to pharmacy chains including …

Digital Insurance Agency EverQuote’s IPO Begins Today at $18 Per Share

Cambridge, Mass.-based online insurance agency EverQuote Inc. announced the pricing of its initial public offering of 4,687,500 shares of its Class A common stock at a public offering price of $18 per share. The shares are scheduled to begin trading …

States Agree Not to Fine Equifax Over Data Breach

Equifax Inc. on Wednesday avoided fines in a deal with eight states’ banking regulators over a data breach that compromised sensitive data of more than 145 million people, as the credit reporting agency agreed to tighten up security. Equifax’s disclosure …

Apple, Samsung Finally Settle Long-Running Patent Dispute

The biggest patent battle of the modern technology world has finally come to an end after seven years. Apple Inc. and Samsung Electronics Co. told a judge Wednesday they’d resolved the first filed but last remaining of the legal disputes …

Top Practice Areas for Lawyers’ Malpractice Claims

New malpractice claims against lawyers are being driven by inadequate safeguards against conflicts of interest, along with participation in certain expanding and complex practice areas, according to a new study by insurance broker Ames & Gough. In its annual survey …

Every $1 Spent in Hurricane Protection Lowers Property Loss Exposure by $105

Every $1 a business spends on hurricane protection reduces loss exposure by an average of $105. That’s based on an analysis by global commercial and industrial property insurer firm FM Global, which reviewed loss and mitigation information from thousands of …

Aon Launches Intellectual Property Liability Coverage

Aon plc has launched a new insurance product designed to cover clients’ intellectual property liability, including patents, copyrights, trademarks, trade secrets and know how. This is the latest offering in Aon’s suite of integrated IP capabilities following the recent announcement …

Insurtech Agency CoverWallet Offers Its API for Other Small Firms to Offer Insurance

Digital small business insurance agency CoverWallet, which is partly owned by insurers Zurich Insurance and Starr Companies, is expanding its distribution by letting other small businesses such as accountants and lenders offer its policies from leading carriers. The company is …

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