National News

Consumer Groups Accuse Tesla of Deceptive Marketing of Autopilot

A pair of consumer advocacy groups want the U.S. Federal Trade Commission to investigate Tesla Inc., charging that the company’s advertising and other promotional claims about the safety and capability of its Autopilot driver-assistance technologies are deceptive. “Two Americans are …

Cybersecurity Professional Deploys Insurtech to Simplify Small Business Cyber Market

A small business owner and cybersecurity professional frustrated by the complicated cyber coverage buying process decided to take matters into his own hands – he became a cyber insurance broker. “I wanted to solve the cyber insurance problem for small …

New Marsh Coverage Protects Businesses From Pandemic Losses

Marsh has launched a new insurance product to provide financial protection to US-based businesses and their global operations affected by an infectious disease outbreak. PathogenRX, developed by Marsh in collaboration with Munich Re, and epidemic risk modeler Metabiota, is a …

House Set to Vote on Dodd-Frank Rollback Today

U.S. lawmakers are set to give President Donald Trump a chance to make good on his vow to “do a big number” on the Dodd-Frank Act. Legislation set for passage by the Republican-dominated House this week is the product of …

Supreme Court Pro-Arbitration Ruling a Big Win for Employers

The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees. …

American Drivers Grow More Afraid of Driverless Vehicles: AAA

Three-quarters (73 percent) of American drivers now say they would be too afraid to ride in a fully self-driving vehicle, up significantly from 63 percent in late 2017. Additionally, two-thirds (63 percent) of U.S. adults report they would actually feel …

Ascot US Acquires Inactive Greyhawk Insurance and Specialty

Ascot US Holding Corp. has acquired Greyhawk Insurance Co. and its subsidiary Greyhawk Specialty Insurance Co. Greyhawk is a Colorado domiciled admitted lines insurer that has been in runoff since 2006. Greyhawk Specialty is a dormant Rhode Island domiciled excess …

Congress Considers Tightening Oversight of Foreign Investments

A lobbying group representing major foreign companies doing business in the United States including Anheuser Busch Inbev and Siemens said on Friday it had dropped its opposition to bills that would tighten oversight of foreign investment. The U.S. Senate and …

Why Insurance Industry Should Embrace, Not Fear, Artificial Intelligence

Artificial intelligence isn’t the cold, job killing disruptor many fear it to be – at least it won’t be for many years to come, says Jeff Somers, president of Insureon. Insureon, a bit of a disruptor itself, is a national …

BP Fears Climate Change Lawsuits in U.S.

After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP Plc is wary of the risk of lawsuits related to climate change. Chief Executive Officer Bob Dudley raised the topic of class-action lawsuits twice during …

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