National News

Digital Workers’ Compensation Agency Pie Enters 5 More States

Pie Insurance said it has been approved to sell workers’ compensation insurance in Delaware, Indiana, Nevada, South Carolina and Virginia. Pie sells directly to small business and promises them they can get a workers’ compensation quote online in as little …

States with Fee Schedules Have Lower Medical Costs for Injured Workers, WCRI Finds

Medical treatment for injured workers costs more and prices are growing faster in states that don’t have fee schedules, concludes a new study. The Workers’ Compensation Research Institute studied 30 states without fee schedules and found the prices paid in …

Churchgoers Fear Armed Intruders

More than 1 in 10 Americans (12%) say they do not feel safe in their places of worship. Church Mutual Insurance Co., a leading insurer of religious organizations, said it learned in a new survey that fear of armed intruders …

Millennials More Likely to Buy Flood Insurance Than Baby Boomers

Millennials — those born between 1981 and 1996— are nearly three times more likely to have purchased flood insurance than their older Baby Boomer counterparts born between 1944 and 1964, a new survey finds. Overall, less than half of Americans …

7.3 Million Homes, $1.8 Trillion at Risk from Hurricane Storm Surge: CoreLogic

The Atlantic hurricane season, which began June 1, puts 7.3 million homes at risk with an estimated reconstruction cost of $1.8 trillion, CoreLogic said in its 2019 Storm Surge Report. That’s 300,000 more homes and $200 billion more in reconstruction …

Supreme Court to Hear Case on Retirement Plan Losses

The U.S. Supreme Court will use a case involving International Business Machines Corp. to consider making it harder for workers to sue when their retirement plans lose money because the employer’s stock price falls. The justices said they will scrutinize …

Congress Gives Final OK to Stalled Disaster Aid, 4 Month Flood Insurance Extension

The U.S. Congress on Monday approved legislation providing $19.1 billion in emergency funding for disaster recovery efforts throughout the United States, including Puerto Rico, sending it to President Donald Trump to sign into law. Final passage came as the Democratic-led …

CyberPolicy Launches Coverage for Small, Medium-Sized Businesses

CyberPolicy, an online marketplace designed for small and medium-sized businesses (SMBs) to compare, quote, and buy cyber insurance, has released CyberPolicy Genesis, a one-click cyber insurance product. Starting at just $9.99 per month, CyberPolicy Genesis bundles cybersecurity protection with the …

Applied Systems Names Rhodes New CEO as French Steps Down

Reid French has stepped down as CEO of the insurance agency technology firm Applied Systems, and cloud technology executive Taylor Rhodes has joined as Applied’s new chief executive officer. French, who served as CEO for eight years, will continue to …

Cryptocurrency Pioneer Justin Sun Pays $4.5 Million for Charity Lunch with Buffett

Cryptocurrency pioneer Justin Sun bid a record $4.57 million to have lunch with billionaire investor Warren Buffett, who famously referred to Bitcoin as “probably rat poison squared.” The 28-year-old Sun, who launched Tron or TRX token in 2017, submitted the …

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