National News

Helmet Maker Unveils Latest Safe Headgear for Youth Football

The company that produces the top-rated helmet for NFL players and introduced a youth version of the headgear is rolling out a version for flag football. Seattle-based VICIS already produces the helmet that rated best for three straight years at …

Paying Gig Workers Emerges as ‘Getaround’ Tactic to Defeat Employee Lawsuits

The perennial issue in the gig economy is whether workers should be classified as employees. Uber Technologies Inc., Lyft Inc. and other companies that rely on contract work have dealt with this question in a number of ways: staging PR …

FDA Says 3 Deaths Linked to Recalled Heart Device

The U.S. Food and Drug Administration said on Monday three deaths had been reported related to Edwards Lifesciences Corp.’s recall of some of its heart devices. The agency said the company’s voluntary recall of its IntraClude intra-aortic occlusion device in …

Great American Adds Insurance Program for Kona Ice Franchise

Great American Insurance Group’s Alternative Markets Division has added a national program, offered in conjunction with Cornerstone Insurance for Kona Ice Franchise owners across the United States. The program will focus on providing a primary admitted property and casualty policy …

Sale of Applied Underwriters Still Under Review; Cayman Islands Insurer Likely Involved

It appears that the Berkshire Hathaway workers’ compensation unit Applied Underwriters is being sold in a large acquisition, which likely involves Cayman Islands-based United Insurance Co. A spokesman for the Applied confirmed that a deal is in the works, but …

30% of Disaster Claims Settled After Desk Audit Using Munich Re Remote Tool, Images

Munich Re had teamed up with a unit of the National Insurance Crime Bureau to offer insurance carriers an analytics tool that can quickly assess property damage after natural catastrophes and speed up claims payments. Roman Buegler, head of Munich …

Berkley Taps AIG’s Fenster to Lead New Berkley Prime Transportation Division

W.R. Berkley Corp. has formed Berkley Prime Transportation, which will focus on providing primary commercial transportation insurance products countrywide for standard and preferred risks. The new division will focus on using analytics and technology to develop new methods of providing …

Motel 6 Settles Another Class Action Over Giving Guest Lists to Immigration Agents

Motel 6 has agreed to pay $10 million to settle a class-action lawsuit over claims the budget chain routinely provided guest lists from properties in Arizona to U.S. Immigration and Customs Enforcement (ICE) agents, court documents showed on Saturday. The …

Buffett Donates $3.6 Billion of Berkshire Stock to Five Charities

Warren Buffett agreed to donate $3.6 billion worth of Berkshire Hathaway Inc. stock to five charities, including the Bill & Melinda Gates Foundation, in his latest disposal since making a pledge to give the shares away. That brings the total …

Citing Climate Change, Chubb Will Limit Insuring, Investing in Coal Plants

Global insurer Chubb announced it will no longer underwrite the construction and operation of new coal-fired plants or new risks for companies that generate more than 30% of their revenues from coal mining or energy production from coal. Insurance coverage …

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