National News

AXA XL, Vindati to Offer Ocean Cargo Insurance Via Online Platform

AXA XL’s U.S. marine insurance business and Vindati, an insurtech managing general underwriter (MGU) offering specialty products and an integrated shopping experience for brokers and agents, have partnered to offer ocean cargo insurance for small and middle-sized businesses via Vindati’s …

High Levels of Global Insurtech Investments Continued During Q2: WTW

Insurtech investment worldwide continued at high levels during the second quarter of 2019, marking the fourth consecutive quarter during which total new funding commitments exceeded $1.2 billion, according to the new Quarterly InsurTech Briefing from Willis Towers Watson. The report …

Schools, Lawmakers, Tech Firms Trying to Curb Rising Cyberbullying

Rachel Whalen remembers feeling gutted in high school when a former friend would mock her online postings, threaten to unfollow or unfriend her on social media and post inside jokes about her to others online. The cyberbullying was so distressing …

Alex and Ani Jeweler Alleges Lending Gender Bias by Bank

A few short years ago, jewelry maker Alex and Ani LLC was the public example of a happy Bank of America Corp. customer. Now, it’s suing the lender for more than $1 billion in damages and alleging discrimination. The female-led …

Judge Reduces $2 Billion Roundup Jury Verdict to $86 Million

A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer AG’s glyphosate-based weed killer, Roundup, for their cancer to $86.7 million. Superior Court Judge Winifred Smith of the California Superior …

Insurer Pulls Plug on Socially-Conscious Investment Platform Targeting Millennials

In 2017, Pacific Life Insurance Co. introduced a socially conscious, online investing platform tailored to thirtysomethings eager to use their assets to make the world a better place. Those investors proved more expensive and rare than the company thought, and …

From Confined Spaces to Big Buildings, Drones Take On Riskiest Jobs

Here’s a job any worker would be happy to pass off to a drone: Imagine crawling down a ladder into the vast darkness of a 20-story-high storage tank filled with toxic chemical fumes to spend hours searching for corrosion. More …

Costs, Underinsurance Bigger Challenge Than Uninsured in U.S. Health System

America’s much-maligned health care system is covering 9 out of 10 people, a fact that hasn’t stopped the 2020 presidential candidates from refighting battles about how to provide coverage, from Bernie Sanders’ call for replacing private insurance with a government …

Amazon Should Be Held Partially Responsible for Third Party Sellers: Viewpoint

One day in January 2015, Heather Oberdorf took her dog for a walk, using a $20 retractable leash she had bought from Furry Gang, a third-party seller on Amazon. It did not go well: her dog lunged, causing the collar …

Allergan Halts Sale of Textured Breast Implants Linked to Cancer by FDA

Allergan Plc will stop selling some breast implants after the U.S. Food and Drug Administration said that textured implants had been associated with a rare type of blood cancer. Allergan’s textured Biocell saline-filled and silicone-filled breast implants and tissue expanders …

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