National News

SEC Bribery Unit Probes Technology Companies’ Use of Contractors

The US Securities and Exchange Commission is asking publicly traded tech companies about their relationships with distributors and other business partners outside the US in a push to root out possible corruption, according to people familiar with the matter. The …

Nationwide Survey Finds Distracted Driving Still an Issue

A survey of passenger car and commercial drivers finds that distracted driving is still a significant safety issue, according to a recent survey by insurance carrier, Nationwide. The new latest driving behaviors survey revealed additional risky behaviors impacting all drivers …

Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos

With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves, according to specialty insurer HSB, which has launched a new cyber insurance product to help consumers …

Court Approves 3M Settlement Over ‘Forever Chemicals’ in Public Water Systems

Chemical manufacturer 3M will begin payments starting in the third quarter to many U.S. public drinking water systems as part of a multi-billion-dollar settlement over contamination with potentially harmful compounds used in firefighting foam and several consumer products, the company …

Microsoft Faulted for ‘Inadequate’ Cyber Practices in US Report

A Chinese-state intrusion last year of Microsoft Corp. technology that enabled hackers to gather US officials’ emails “should never have occurred,” according to a report released Tuesday from a government cyber review board. The Cyber Safety Review Board, a White …

Viewpoint: Many Businesses May Be Exposed to Losses From Snow Melt Flooding

Executive summary: Snow melt flooding is an imminent threat in the U.S., but there are steps insurance professionals can take to mitigate their clients’ risk, says Richard Coyle, U.S. commercial director at FloodFlash. Catastrophic flooding is a major problem in …

Spinnaker Veterans Launch P/C Fronting Carrier With Backing From Bain Capital

Emerald Bay Risk Solutions has launched as a property/casualty insurance fronting carrier, backed by Bain Capital Insurance and headed by a group of insurance veterans who have fronting experience. Calling itself a “collaborative underwriting carrier,” the new entity hopes to …

Public Health Groups Sue FDA Again Over Delayed Menthol Ban

Public health groups sued US regulators a second time for failing to follow through on a plan to ban menthol-flavored tobacco products. The lawsuit filed Tuesday in a federal court in Northern California claims that the Food and Drug Administration …

AIG Sues Newly Launched Dellwood Insurance and Its Founders

American International Group and a group of its excess and surplus lines subsidiaries have filed suit against Dellwood Insurance Group and three former AIG executives who launched the nationwide E&S lines insurance holding company about a month ago. According to …

US, Britain Announce Partnership on Artificial Intelligence Safety, Testing

The United States and Britain on Monday announced a new partnership on the science of artificial intelligence safety, amid growing concerns about upcoming next-generation versions. Commerce Secretary Gina Raimondo and British Technology Secretary Michelle Donelan signed a memorandum of understanding …

National News Archives by Month