National News

Drive to Autonomous Vehicles Slows After Series of Accidents

A series of high-profile accidents involving self-driving cars are slowing the mad rush into the autonomous vehicles business, according to a report issued Wednesday. The accidents, some of them fatal, have ignited a debate about how to regulate the safety …

The Hartford Reports Big Profit Gain in Q1; Record New Commercial Business

The Hartford reported a big rise in net income for the 2018 first quarter, crediting improved overall underwriting results, lower catastrophe losses, a boost in net investment income and tax reform. Net income for the quarter came in at $597 …

Amazon, Lowe’s, Tesla Make ‘Dirty Dozen’ Unsafe Workplace List

Amazon, Lowe’s and Tesla are among the firms on a list of employers with unsafe workplaces published by a federation of labor, health and safety groups. The National Council for Occupational Safety and Health (National COSH) released its annual “The …

Insurtechs Haven’t Yet Made Impression on Public

Insurtechs may be trying to transform how carriers, brokers and agents do business, but customers aren’t widely aware of their existence just yet, J.D. Power has determined. J.D. Power, which focused mostly on the auto insurance industry, found that just …

Dedicated DocuSign Investor Turned $18 Million Into $700 Million in 12 Years

The biggest winner of DocuSign Inc.’s long-awaited initial public offering isn’t well-known. The venture capitalist has never appeared on a Midas List, and his firm isn’t one of the venerable investment firms on Sand Hill Road in Silicon Valley. But …

Purviance Takes Helm from DeCarlo at AmWINS; Other Management Changes Take Effect

Scott M. Purviance has officially succeeded M. Steven DeCarlo as the chief executive officer at specialty wholesale broker AmWINS Group. The Charlotte-based brokerage also announced other that management changes have taken effect. AmWINS previewed Purviance’s elevation and the other management …

U.S. Transportation Agency Sets Process for Approval of Drone Taxis

On-demand robotic flying taxis and drone deliveries are years away from reality, but the U.S. Department of Transportation has removed at least one barrier to their operation. Responding to work by companies including Boeing Co., Intel Corp. and Uber Technologies …

Beazley, Lloyd’s Broker, Bitfury Creating Blockchain Registry for Crisis Coverages

Insurer Beazley has partnered with three companies to build a blockchain-based registry that will manage insurance for crisis situations such as mass shootings, the companies told Reuters. The registry will use blockchain to speed a response to mass casualties and …

Supreme Court to Consider Google Privacy Payments to Third Parties

The U.S. Supreme Court on Monday agreed to hear an internet privacy case involving Google that could put the brakes on an increasingly common form of settlement in class action suits that funnels money to unrelated third parties and charities …

Crop Insurer NAU Country Insurance Enhances Crop Management Platform

Iteris, Inc., a data firm focused on the transportation and agriculture industries, and U.S. crop insurance provider NAU Country Insurance Co. have added Iteris’ ClearAg Spray Advisor and crop growth stage models to NAU Country’s crop management platform, Field Insights. …

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