National News

Are Agencies Overpaying for Young Employees Today?

Memo to insurance agency owners seeking to onboard new employees: Expect to pay more, offer more and train more. Those trying to hire know that already. “What we’re seeing in particular in Texas, and I imagine in other places, too, …

JPMorgan Settles for $5 Million with Employee Who Claimed Anti-Dad Bias

JPMorgan Chase & Co. has agreed to pay $5 million to resolve a discrimination claim filed by a male employee who alleged the bank’s parental leave policy was biased against dads. The payout resolves a 2017 complaint brought by the …

NHL Finals a Reminder That Concussion Risk Has Not Gone Away

Wearing a black shirt with “Fight for your happiness” on the front and “Sick not weak” on the back, Daniel Carcillo eats an apple as his wife makes a cappuccino nearby and their oldest daughter scampers around the kitchen. This …

Judge Restrains 3 Former Guy Carpenter Execs Who Moved to Lockton Global Re

A federal judge in New York has granted reinsurance broker Guy Carpenter’s request for a temporary restraining order against three former executives who moved to competitor Lockton in March. The TRO blocks the three executives from directly or indirectly soliciting …

Facebook Must Turn Over Records on How Execs Handle Data Privacy, Judge Rules

A U.S. judge ordered Facebook Inc. to give shareholders emails and other records concerning how the social media company handles data privacy, after data for 87 million users was accessed by the British political consulting firm Cambridge Analytica. In a …

The Hartford Adds Cybersecurity Training to Cyber Offering for Businesses

The Hartford has partnered with Mimecast, an email and data security company, to offer Mimecast Awareness Training services designed to help customers reduce the risk of a cybersecurity incident before it occurs. According to Tim Marlin, head of cyber underwriting …

Lawyers Professional Liability Insurance Claims Grow in Severity, Complexity, Cost

The number of legal malpractice claims resulting in larger multimillion dollar payouts – as well as the dollar amounts involved – has surged in the past year, with at least two settlements exceeding $250 million. That’s according to the latest …

Flying Is Less Safe Than It Was But It’s Not All Boeing’s Fault

Flying has become deadlier than it has been for years and it’s hard to pin it solely on Boeing Co.’s infamous 737 Max. Aircraft accidents occurred more frequently in almost every region worldwide in 2018 as the death toll climbed …

Aon to Grow Partnership with CoverWallet for Small-Medium Business Market

Global insurance broker Aon is partnering with digital insurance platform CoverWallet to serve clients in Australia. The parties also said they are in the process of expanding this partnership to additional geographies, including the United States. The Aon platform run …

Congress Renews Flood Insurance Program Until June 14

Having failed several times to pass a $19 billion disaster aid bill with a federal flood insurance reauthorization provision by unanimous consent, the House of Representatives managed on Thursday to pass a separate two-week extension of the flood insurance program, …

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