National News

Miners Tell Trump Silica Dust Rule ‘Desperately’ Needed to Curb Black Lung Disease

The head of the national coal miners’ union on Thursday urged the Trump administration to impose regulation on silica dust in mines, which researchers believe is responsible for a resurgence of black lung disease in central Appalachia. The demand from …

‘I Have to Earn My Living,’ Says AIG CEO After Close Shareholder Vote on His Pay

American International Group Inc. Chief Executive Officer Brian Duperreault said on Thursday the insurer is reaching out to shareholders, per its usual custom, who last month gave his $21 million compensation only narrow approval. Asked to comment on the recent …

Wells Fargo Settles Auto Insurance Scam for $385 Million

Wells Fargo & Co. agreed to pay at least $385 million to customers who say they were signed up for auto insurance without their knowledge or consent when they took out a car loan. Terms of the proposed settlement, which …

Agencies: Submit Today for the Top 100 Ranking and More

Insurance Journal is now collecting information for its annual Top 100 property/casualty independent agency listing and other agency rankings. Submit your agency today. There are four ways to qualify: Top 100 Independent P/C Agencies Top Commercial Lines Leaders Top Personal …

AIG Makes Changes at Top of Global P/C Underwriting, Validus

American International Group announced leadership appointments in its Global Chief Underwriting Office, adding underwriters with expertise in global property and casualty underwriting. These appointments are effective immediately: Kean Driscoll has been appointed global chief underwriting officer for Property and Agriculture, …

Amazon Reveals Unique Delivery Drone; FAA Grants Limited Testing Approval

Amazon.com Inc. has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting within months. The new device takes off vertically, …

Repairing Homes After Disasters Requires Planning, Patience Even with Insurance

For the Parkers of Houston, Texas, there will be no summer vacation this year because they are still paying off the dent in their finances left by 2017’s Hurricane Harvey. The couple joins a growing list of people forced to …

Beazley Updates MediaTech Policy with E&O, Cyber Coverage

Specialist insurer Beazley has streamlined its MediaTech insurance policy to provide clear and concise wording and combined comprehensive errors and omissions (E&O) and media liability insurance with cyber coverage. Beazley’s E&O and media coverage includes: Broad professional liability to address …

Nationwide Taps Insider Walker as CEO to Succeed Rasmussen

Columbus, Ohio-based insurer Nationwide said Kirt Walker, a 33-year company veteran, will become its next chief executive officer. Plans call for Walker to take over the CEO slot on Oct. 1, 2019. He will succeed current CEO Steve Rasmussen, who …

Insys Agrees to $225 Million Settlement of U.S. Claims of Illegal Opioid Sales

Insys Therapeutics Inc., grappling with the prospect of bankruptcy after its founder was convicted on racketeering charges, agreed to pay $225 million to settle U.S. claims that the drug maker illegally sold opioid-based painkillers. Under terms of the deal, Insys …

National News Archives by Month