National News

Analysts See Senate Joining House on Marijuana Banking Law

A stronger-than-expected 321-103 vote in the House in favor of the Secure and Fair Enforcement Banking Act, which allows banks to service the cannabis industry, sets the stage for likely passage in the Senate, according to analysts. The push for …

U.S. Private Flood Insurance: The Journey to Build a New Market

Not long ago, private flood insurance was thought to be an impossible dream in the property/casualty sector. There were numerous arguments supporting the common wisdom that a meaningful market for residential flood coverage from admitted private insurers would never exist. …

Insurers Balk at Study Questioning Value of Municipal Bond Insurance

Around noon one Wednesday in July, two school districts from California’s Central Valley auctioned off their bonds to Wall Street underwriters. Both had the same credit rating. The deals were of similar size. They were being issued for the same …

Vaping Now Linked to 12 Deaths, 805 Illnesses in U.S.

U.S. health officials on Thursday reported 805 confirmed and probable cases and 12 deaths so far from a mysterious respiratory illness tied to vaping, with the outbreak showing no signs of losing steam. Last week, the U.S. Centers for Disease …

Local Officials from Across U.S. Pressure McDonald’s on Workplace Harassment Policies

Scores of local government officials from 31 U.S. states pressured McDonald’s Corp.’s on Thursday to do a better job of protecting workers from groping, obscene comments and other forms of sexual harassment, adding their voices to an employee-led campaign that …

Cyber Insurer Coalition Expands Coverage to Businesses With Up To $1B in Revenue

Coalition, an cyber insurance company focused on small- and midsize-businesses, has expanded its cyber and technology errors and omissions coverage — previously only available to companies with less than $250 million in revenue — to include middle market companies with …

House Passes SAFE Marijuana Banking Bill by Big Margin

The U.S. House advanced legislation designed to let banks do business with cannabis companies in states that permit marijuana sales, a step that some supporters see as helping to pave the way to nationwide legalization. The Secure and Fair Enforcement …

Opioid Trial Judge, Overseeing 2,000 Lawsuits, Denies Bias, Refuses to Step Down

The Cleveland judge overseeing more than 2,000 federal lawsuits over alleged opioid abuses refused to disqualify himself from a bellwether trial set to start next month, rejecting a request by drug distributors and pharmacies who say he is biased against …

Ocean Marine Insurers Face New Risks, Challenges in Changing Segment

Ocean marine insurance is the oldest line of insurance and today represents a small specialty line in the property/casualty insurance industry. Since those early days, marine products have evolved as risks and exposures have increased in both size and complexity. …

InsureTech Connect: Insurance Industry Needs to Understand What Business It’s In

LAS VEGAS — People who buy gasoline generally don’t care for the product or enjoy the experience of pumping gas: They just want to drive. Chris Colborn, chief experience officer for the Lippincott creative consulting firm, opened with that analogy …

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