National News

Venture Insurance Programs Creates Small Business Online Platform

Venture Insurance Programs, a national insurance program administrator, has unveiled Venture Small Business – a new business unit designed to simplify how agents and brokers quote and bind business for more than 150 classes of business. According to Phillip J. …

Agency E&O Survey: Deadline to Participate Approaching

Why do agencies purchase agency E&O coverage? Are premiums trending up, down or staying the same? What restrictions are agencies seeing in their E&O coverage? These questions and more are part of Insurance Journal’s exclusive 2019 Agency Errors & Omissions …

Munich Re America Taps AXA XL’s Herrera for New Diversity and Inclusion Post

Munich Reinsurance America has appointed Juan Herrera as its first full-time head of Diversity and Inclusion. Herrera will oversee all diversity and inclusion efforts across the North American region including Munich Reinsurance America, Munich Re Specialty Insurance, American Modern Insurance …

U.S. to Update Crash Test Standards and Dummies

U.S. auto safety regulators next year will propose several changes to federal crash testing standards that critics say have failed to keep pace with new vehicle technologies and lag behind other nations. The U.S. New Car Assessment Program will evaluate …

James River Insurance Retains Rating After Dropping Its Biggest Customer, Uber

Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be cancelling its business with ride-hailing giant Uber affiliate, Rasier, its largest client. A.M Best said the Financial Strength Rating of …

U.S. Safety Board Wants to Learn Cause of Fatal Uber Autonomous Car Crash

The U.S. National Transportation Safety Board (NTSB) will hold a Nov. 19 hearing to determine the probable cause of a March 2018 Uber Technologies Inc. self-driving vehicle crash that killed a pedestrian in Arizona. The crash, involving a Volvo XC90 …

Judge Calls on Big 3 Drug CEOs to Discuss Opioid Settlement

The chief executives of the three largest U.S. drug distributors and a drugmaker have been summoned to appear before a federal judge to discuss a proposal to resolve thousands of lawsuits alleging they fueled the U.S. opioid crisis, a person …

J&J Settles Claims by 41 States Over Risks of Vaginal Mesh for $117 Million

Johnson & Johnson agreed to pay $117 million to settle 41 states’ claims that it misrepresented the risks of vaginal-mesh products used to bolster sagging organs and treat incontinence in women. A group of state attorneys general argued after an …

Privacy Law Favored by Tech Firms Gains Support Among House Democrats

A group of more than 100 centrist Democratic House lawmakers is throwing its weight behind a privacy bill that has been praised by alliances of software and internet giants. The move is one of the first large-scale endorsements of a …

Lyft, Uber Bypass House Panel Hearing on Transportation Safety and Labor Conditions

Uber Technologies Inc. and Lyft Inc. skipped a U.S. House of Representatives hearing the ride-hailing industry, angering lawmakers who threatened tighter regulation for the fast-growing market. The two ride-hailing companies had been asked to appear as part of a House …

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