National News

Citing Safety Concerns, 16 States Oppose Trump Plan to Ship Natural Gas by Rail

Attorneys general from 16 U.S. states have opposed a Trump administration proposal to ship liquefied natural gas (LNG) by rail, arguing that any leaks increase safety risks to residents and emergency responders. The top legal officers of Maryland, New York, …

Virtual Auto Insurance Agency Insurify Raises $23M; Will Expand Into Home, Renters, Life

Digital auto insurance comparison agency Insurify announced it is expanding into home, renters and life insurance comparison. To help drive its expansion, the Cambridge, Mass.-based company said it has raised $23 million in Series A funding, led by MTech Capital …

Panel Urges Mandatory Safety Systems for Aircraft Manufacturers

An expert committee on Thursday recommended the Federal Aviation Administration’s require Boeing Co and other aircraft manufacturers to adopt new safety management tools in the wake of two fatal Boeing 737 MAX crashes. Boeing grounded its entire 737 Max fleet, …

Gemini, Seeing Insurance As Key to Future of Virtual Currency, Starts Own Captive

U.S. virtual currency firm Gemini Trust Company announced on Thursday that it has launched its own insurance unit to boost coverage against theft of crypto assets. Gemini’s new in-house insurer, Bermuda-based Nakamoto Ltd, provides a total of $200 million in …

Finance, Insurance Sector ‘Wins’ in U.S.-China Trade Deal Seem Familiar

The long-awaited U.S.-China trade deal touted wins for U.S. companies looking to access China’s $40 trillion financial sector, but many of the changes were already in the works, with Beijing having stepped up the pace of liberalization last year. Under …

What the New U.S.-China Trade Agreement Says on Insurance

President Donald Trump and Chinese Vice Premier Liu He signed an economic and trade agreement that promises to increase the agricultural and other goods and services China will buy from the U.S. by $200 billion. For its part, the U.S. …

Brownyard Group Expands Cemetery, Crematory, Library Programs into New States

Brownyard Group has expanded its insurance program for cemeteries and crematories, Memorialpro, and insurance program for non-profit libraries, By The Cover, will now be available in additional states. In addition to states where the programs had previously been available – …

Judge Orders Opioid Distributor to Turn Over Corporate Records to Shareholders

A Delaware judge has ordered one of the world’s largest distributors of opioid painkillers to turn over corporate records to shareholders investigating whether the company engaged in wrongdoing. The judge ruled Monday that shareholders of AmerisourceBergen have demonstrated that they …

Philadelphia Insurance Names Doyle Co-Chief Underwriting Officer; Adds 3 Senior VPs

Philadelphia Insurance Companies has appointed John Doyle as a co-chief underwriting officer and promoted three vice presidents to senior vice president roles. Doyle is now shares the underwriting officer responsibilities along with President John Glomb. In this new role, Doyle …

Using Game Theory to Determine Who’s Liable: Autonomous Vehicle or Human Driver?

A recent decision by the National Transportation Safety Board (NTSB) on the March 2018 Uber crash that killed a pedestrian in Arizona split the blame among Uber, the company’s autonomous vehicle (AV), the safety driver in the vehicle, the victim, …

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