National News

Putting Municipal Ransomware Attacks— and Cyber Insurance —in Context

The ransomware attacks on public entities in Texas, Florida, Maryland, Georgia and elsewhere this year have raised questions not only about paying ransoms but also about the role of insurance in helping these targets get back to serving the public. …

Federal Officials Issue Health Warning on Marijuana Use by Teens, Pregnant Women

Federal health officials issued a national warning Thursday against marijuana use by adolescents and pregnant women, as more states legalize the increasingly potent drug for medicinal and recreational use. Health and Human Services Secretary Alex Azar and Surgeon General Jerome …

Category 5 Dorian Batters Bahamas; Florida, Southeast Coast Await Fate

Sept. 2, 2019, 7:12 AM EST— Hurricane Dorian, tied as the most powerful storm to hit land anywhere in the Atlantic, battered the Bahamas inflicting colossal damage to property and infrastructure across the chain of islands. The hurricane was packing …

GE Investors Handed Setback in Investor Lawsuit Over Insurance Liabilities

A federal judge in Manhattan on Thursday partially dismissed a lawsuit by investors in General Electric Co. that accused the company of concealing $24 billion in insurance liabilities and using fraudulent accounting to prop up its power business. Judge Jesse …

How Insurers Help Design High-End Homes That Mitigate Disaster Risk

Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched nearby land in recent years left him concerned. So Gendelman, who runs an insurance brokerage, tapped into a program that …

World’s Safest Cities: Washington Rises, Hong Kong Falls

There’s a new surprise member of the world’s safest cities club. Washington, D.C. has entered the top 10 in the Safe Cities index for the first time, while Hong Kong is a noticeable no-show after plummeting down the rankings. Tokyo …

Automakers Call for Urgency in Advancing U.S. Rules for Self-Driving Vehicles

Waymo, the self-driving car unit of Google parent Alphabet Inc, on Thursday urged the National Highway Traffic Safety Administration (NHTSA) to “promptly” remove regulatory barriers for cars without steering wheels and brake pedals. Automakers must currently meet nearly 75 auto …

New Empire Underwriters Standalone Workers Comp Offering Targets Staffing Firms

Empire Underwriters, a national insurance wholesaler, excess and surplus lines facility and program manager has released a standalone workers comp program for staffing companies available nationwide and backed by several “A” rated carriers. With the launch of the new Standalone …

Update: Hurricane Dorian Expected to Be Category 4 Storm When It Hits Florida

Hurricane Dorian is now expected to become a Category 4 storm with winds reaching 130 miles per hour before it makes landfall on Florida’s east coast, in what would be the first major hurricane to hit the area in 15 …

New Specialty Broker McGill & Partners Forms U.S. Subsidiary

The new London-based insurance broker, McGill & Partners, is forming a Delaware-based subsidiary and is obtaining U.S. licenses to operate, the company’s founder Steve McGill has confirmed. When McGill & Partners announced its launch in May 2019, the London-based company …

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