National News

Expert: Sophisticated Cannabis Operations Want Higher Limits, Customizations

Erich Bublitz has seen a significant transformation in his clients’ needs in just a year. Increasingly cannabis businesses are coming to him seeking higher limits, and more policy customizations, as their operations develop and become sophisticated and new needs evolve. …

How Lawyers, Not Plaintiffs, Wind Up the Winners in Mass Tort Lawsuits

Brooke Melton died on her 29th birthday. Her Chevy randomly shut off in the middle of the highway a little before 8 p.m., and she crashed into a creek in Atlanta. A couple hours later, her parents were notified by …

Why First Notice of Loss Is Key to Customer Satisfaction: Viewpoint

What’s worse: An incident that caused an insurance claim or the claims process itself? Ask a policy holder who has recently lived through a homeowners’ insurance claim process and the results might not be as lopsided as one would assume. …

For Best in Insurance Industry Marketing, the Awards Go to…

HealthMarkets and The Co-operators won the most awards overall, six each, including two Best of Show Awards, at this year’s annual Insurance Marketing and Communications Association (IMCA) awards gala. They were followed by AIG and VGM Insurance Services, each winning …

Trump Administration Halts Plan to Sideline Pharmacy Benefit Managers

The White House abandoned a push to end rebates paid to middlemen who negotiate drug prices on behalf of health insurers, a move that could turn scrutiny back on how drugmakers themselves set prices. President Donald Trump has made lowering …

IBM Joins Call to Trim Liability Shield for Google, Facebook, Other Internet Platforms

International Business Machines Corp. on Wednesday threw its support behind enacting a new policy to limit liability protections enjoyed by internet platforms such as Alphabet Inc.’s Google, Twitter Inc. and Facebook Inc. Ryan Hagemann, an IBM government and regulatory affairs …

It No Longer Takes a Big Storm to Produce High Tide Flooding in Coastal Communities

Coastal communities across the U.S. again experienced increased high tide flooding last year, forcing their residents to deal with flooded shorelines, streets and basements. The elevated water levels affected coastal economies, tourism and infrastructure like septic systems and stormwater systems, …

J&J Gets New Trial After Jury Awards $417 Million in Baby Powder Talc Suit

Johnson & Johnson deserves a new trial after a jury ordered the world’s largest maker of health-care products to pay $417 million to a woman who blamed the company’s iconic Baby Powder for causing her cancer, an appeals court concluded. …

Lockton Affinity to Administer New Standalone Cyber Liability Product

Lockton Affinity has been appointed as the program administrator for the new CyberLock Defense standalone cyber liability policy with options for more than 40 industry groups including retail, industrial & manufacturing, financial services, restaurants, and more. Key benefits of the …

Claims Industry Consolidation Continues with Sedgwick’s Purchase of York

Sedgwick Group announced this week that it has signed an agreement to purchase York Risk Services, continuing a long-term consolidation trend among third-party administrators. The purchase of York — which must be approved by federal regulators — would mark Sedgwick’s …

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