National News

Lawsuit Accuses E-Cigarette Makers of Targeting Kids, Deceiving Consumers

E-cigarette maker Juul Labs Inc. and Philip Morris USA Inc. were sued for illegally marketing nicotine-delivery devices to minors and deceiving consumers about the risks of vaping. The lawsuit was filed on behalf of a 19-year-old, Christian Foss, who says …

Citing Wealth Gap, Environment, CEOs Say Social Responsibility Matters

Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday. The group’s “statement of corporate purpose” was signed by the heads of more than 180 U.S. companies, including the …

Best Agencies to Work For Award Nominations Open. Submit Today!

Do you love your agency? Is your agency a Best Place to Work? Then don’t wait – nominate your agency today as a “Best Agency to Work For” in 2019. You must be a current employee of the agency you …

Underwriters Get Picky and Other Trends in Construction Insurance

Construction insurance specialists say their insurance market is strong with plenty of capacity and underwriters competing for the best accounts. According to specialists interviewed by Insurance Journal for their assessment of the market, the boom in the construction business has …

Arch Insurance to Buy Coastal Commercial Property MGU Ventus Risk Management

Arch Insurance North America has agreed to acquire Ventus Risk Management, a technology and analytics-driven managing general underwriter that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Ventis, founded in 2016, has 30 employees and …

Vaping Firms Sue Seeking to Further Delay FDA Review of e-Cigarettes

A vaping industry group sued the U.S. government last week to delay an upcoming review of thousands of e-cigarettes on the market. The legal challenge by the Vapor Technology Association is the latest hurdle in the Food and Drug Administration’s …

Marsh’s Beresheim Joins Lockton to Lead Financial Services Specialty Practice

Insurance broker Lockton announced the addition of Devin Beresheim as executive vice president for Lockton Specialty Practices. Beresheim replaces Brian Kawamoto who retired last year. Beresheim will lead Lockton Financial Services and will build growth plans across Lockton’s specialty practices. …

U.S. Investigating Lung Diseases Linked to e-Cigarettes

The U.S. Centers for Disease Control and Prevention is investigating a “cluster” of lung illnesses that it believes may be linked to e-cigarette use after such cases were reported in 14 states. The CDC said there was no evidence that …

Trump Administration Moves Ahead with Revised Truckers’ Hours Rules

The Trump administration took a key step last week toward relaxing federal rules that govern the length of time truck drivers can spend behind the wheel, a move long sought by the trucking industry but opposed by safety advocates who …

Insurance Driving Up Total Cost of Risk for Businesses

Businesses and organizations paid nearly two percent more in 2018 than they did in 2017 to cover the total cost of risk. Reversing the trend of falling average TCOR per $1,000 of revenue seen from 2013 to 2017, average TCOR …

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