National News

Empire Underwriters Expands Workers Comp Coverage to Various Trucking Classes

Empire Underwriters, a leading national insurance wholesaler, excess and surplus lines facility and program manager has released a new workers comp program for truckers, tow truck operators, and delivery companies backed by several “A” rated carriers. With the launch of …

Chubb Launches Combined Product for Professional Service Firms

Chubb has introduced a new offering designed to help professional service firms mitigate a variety of exposures that can impact their businesses. The new Pro ERM offering combines miscellaneous professional liability, media liability, cyber liability, and first-party cyber coverages with …

Report Bayer Offered $8 Billion to Settle Roundup Claims Is ‘Fiction,’ Says Mediator

Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, dismissing a report to that effect which drove its shares as much as 11% …

Everest Insurance Launches Everest Elevation REIT Management Liability Policy

Everest Insurance has released a new Everest Elevation REIT Management Liability Policy (Everest Elevation), which provides management liability coverage for real estate investment trusts (REITs). The Financial Lines group at Everest Insurance offers industry-specific management liability insurance on a primary …

Hurricane Barry Cost Economy $600M, Insurers $300M: Aon Catastrophe Report

Total economic losses, largely flood-driven, were expected to exceed US$600 million, while public and private insurers paid out nearly US$300 million, said Aon in its latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the …

Coinbase Must Face Buyers’ Negligence Claims Over ‘Hasty’ Launch of Its Bitcoin Cash

Coinbase Inc. must face a negligence lawsuit for allegedly botching the launch of its digital currency bitcoin cash, or BCH, through an apparent “incompetence born of haste,” a judge ruled. U.S. District Judge Vince Chhabria in San Francisco threw out …

Study Links Cheating on Spouse with Professional Misconduct

People who cheat on their spouses are a lot more likely to engage in misconduct in the workplace, according to a new academic study. The researchers looked at the records of police officers, financial advisers, white-collar criminals and senior executives …

Senators’ Pitch to Major League Baseball: Report Data on Fan Injuries

Two U.S. senators continued their pressure campaign on Major League Baseball to be more proactive about fan safety at ballparks, urging greater transparency about how often and how seriously fans are hurt by foul balls. Democratic Sens. Dick Durbin and …

Bayer Proposes to Settle U.S. Roundup Lawsuits for $8 Billion: Bloomberg

Bayer AG is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations. An agreement, which could take months to work out, …

Remote Workers Can Be Big Cyber Risk for Small Businesses

Remote employees place businesses at risk, yet many small business owners are not properly mitigating potential cyberthreats, nor are they adequately protecting their employee platforms, a new report says. As work-life and technology continue to evolve, a growing number of …

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