National News

No Workers’ Compensation Loss History? No Problem, Says Valen Analytics

Workers’ compensation carriers can now accurately score a policy even where there is no loss history on the account, according Valen Analytics, a data analytics and predictive modeling firm for the property/casualty insurance industry. Valen has released the latest in …

Cellphones Still a Flight Danger on Some Boeing Jets

U.S. government officials in 2014 revealed an alarming safety issue: Passenger mobile phones and other types of radio signals could pose a crash threat to some models of Boeing 737 and 777 airplanes. More than 1,300 jets registered in the …

Charles Schwab Eyes Purchase of USAA Wealth Management, Brokerage Units: WSJ

Charles Schwab Corp. is in talks to buy brokerage and wealth-management operations from USAA for about $2 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. The deal, which could bring Schwab roughly $100 billion …

Government Data Shows How Opioid Epidemic Spread Across America

Newly released federal data shows how drugmakers and distributors increased shipments of opioid painkillers across the U.S. as the nation’s addiction crisis accelerated from 2006 to 2012. The data, released this week by a federal court in Ohio as part …

Boeing Creates $50M Crash Victims’ Fund; Hires Feinberg to Oversee

Boeing Co. said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired …

FAA Hit for New Delay in Remote Drone Tracking Program

The Federal Aviation Administration has again delayed plans to propose new rules requiring the remote identification of drones, according to records and a member of Congress on Wednesday. Congress directed the FAA in 2016 to issue regulations or guidance by …

Senators’ Flood Insurance Measure Includes Premium Cap, Mitigation, Claims Reforms

A bipartisan group of U.S. senators from coastal states — including three running for president– unveiled a comprehensive flood insurance reform measure they see as an alternative to measures recently passed by a House committee. The Senate proposal, which builds …

Insurance AI Firm RiskGenius Reports Additional Financing

RiskGenius, which provides natural language tools for improving the quality and accuracy of insurance policies, has completed a Series B financing led by Hudson Structured Capital Management. The company said it has also expanded partnerships with insurance carriers Everest Insurance, …

Financial World’s Blockchain Euphoria Gives Way to Pragmatism as Projects Stall

Two years ago Nasdaq Inc. and Citigroup Inc. announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector.” But the …

Digital Workers’ Compensation Provider Pie Insurance Enters 4 Additional States

Pie Insurance said it has begun providing workers’ compensation insurance to small businesses in Mississippi, New Hampshire, Utah and West Virginia. With these additions, Pie now offers coverage in 29 states and the District of Columbia. In June, Pie Insurance …

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