National News

Last Chance to Participate in Insurance Journal’s Agency E&O Survey

Today is the final day to participate in Insurance Journal’s exclusive 2019 Agency Errors & Omissions Survey. All participants will receive a copy of the survey’s report published in Insurance Journal magazine. This survey is designed specifically for independent agents …

Newer Cars with Safety Features Cited for Reduction in Highway Crash Deaths

Highway crash data from 2018 shows that overall fatalities from vehicle accidents in the U.S. declined 2.4%, marking the second year in a row with a reduction in deaths. The National Highway Traffic Safety Administration’s Fatality Analysis Reporting System (FARS) …

Supreme Court Allows City, State Claims Against Energy Firms Over Climate Costs

The U.S. Supreme Court let government officials press ahead with three lawsuits that accuse more than a dozen oil and gas companies of contributing to climate change. Without comment or published dissent, the high court Tuesday refused to block a …

It’s Not Just Factories Turning to Automation to Stem Wage Growth, Boost Earnings

U.S. companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in order to maintain healthy margins as labor costs tick higher, a Reuters analysis of corporate earnings transcripts shows. The attempt …

Tesla’s Futuristic Door Handles Blamed for Death in Crash

The futuristic door handles on Tesla Inc.’s Model S are being blamed for a fatal crash in which a police officer was unable to pull a man to safety from his burning car. Omar Awan, a 48-year-old anesthesiologist, was driving …

Exxon, New York AG Face Off Over Climate Change Accounting

A lawyer for New York’s attorney general on Tuesday told a state judge Exxon Mobil Corp. used two sets of books to hide the true cost of climate change regulations from investors, while an attorney for the oil major assailed …

Risk Strategies to Offer Cyber Risk Management Platform Underwritten by Berkley

Risk Strategies, a privately held national insurance brokerage and risk management firm, has launched the Cyber Resolute offering that combines new technology with smarter processes and specialized coverage. Cyber Resolute can be tailored to specific client circumstances and works as …

Companies in Polluting Industries Slow to Disclose Climate Change Risks: Moody’s

U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though a global task force called on them to do so two years ago, Moody’s Investors Service said in a report …

Travelers Q3 Profit Falls on Asbestos, Commercial Liability and Auto Claims

The Travelers Companies reported net income of $396 million for the third quarter compared to $709 million in the prior year quarter. Core income in the current quarter was $378 million compared to $687 million in the third quarter for …

Exxon Faces Trial Over Claim It Misled Investors About Climate Change Risks

Exxon Mobil Corp. on Tuesday will face trial in a lawsuit by New York’s attorney general accusing it of misleading investors about the risks of climate change regulations to its business. The trial, expected to begin before Justice Barry Ostrager …

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