National News

Why Employers Should Stop Hiring Based on Work History

A common hiring philosophy used for generations is being flipped on its head by new research from Florida State University. Screening job applicants based on their prior work experience is often a mistake among employers, according to Chad Van Iddekinge, …

WCD’s Spessard Joins Beazley to Head Expanded Environmental Claims Team

Specialist insurer Beazley has hired Cal Spessard to head the team responsible for handling claims arising from the company’s environmental liability business. Spessard joins Beazley from environmental risk management specialists WCD Group, where he served as director, claims and litigation …

Claims Insurtech Snapsheet Raises $29 Million to Expand Into All P/C Lines and Globally

Virtual insurance claims services company Snapsheet has closed on $29 million in Series E funding. The company said it will use the funds to expand beyond auto into all lines of property/casualty insurance and expand globally as well as enhance …

Airlines Urge Nations’ Regulators to Avoid Competing Safety Rules

Global airlines urged regulators on Friday not to compete over setting new safety rules, after two crashes led to the grounding of the Boeing 737 MAX and raised questions about the international influence of the U.S. aviation authority. The U.S. …

Retired Players in NFL Concussion Settlement Balk at Limits on ‘Doctor Shopping’

Retired NFL players seeking testing as part of a $1 billion concussion settlement must see a doctor close to home to prevent fraud and “doctor shopping,” the federal judge overseeing the case ruled. Lawyers for thousands of ex-players complain their …

MGM Sees $800 Million Las Vegas Shooting Settlement; $751 Million Covered by Insurance

Casino giant MGM Resorts told federal regulators last Thursday it might pay up to $800 million to settle liability lawsuits stemming from the 2017 mass shooting in Las Vegas — the deadliest in modern U.S. history. “The company believes it …

Facebook Reported Agreeing to 20-Year Pact on Privacy Oversight by Government

The social media giant Facebook Inc. is headed toward an agreement with the U.S. government over its privacy policies and practices that would put it under 20 years of oversight, according to a source knowledgeable about the discussions. The agreement …

Sompo Global Risks Forms Life Sciences Team Led by Ex-OneBeacon Exec Lauer

Sompo Global Risk Solutions (GRS) has formed a new team offering insurance to clients in the life sciences industry. The GRS Life Sciences team is led by Todd Lauer who has joined Sompo GRS as senior vice president. Lauer brings …

Senators Urge Allies to Heed Trump’s Warning on China’s Huawei

U.S. senators warned allies that Chinese telecommunications companies such as Huawei Technologies Co. can’t meet security standards for advanced networks due in part to Chinese law that demands cooperation with security agencies. “There is no way in hell China can …

‘Pooey Puitton’ Lawsuit Against Louis Vuitton Goes Nowhere

Louis Vuitton has won the dismissal of a lawsuit by a California toy company that accused the French luxury goods maker of trying to interfere with its sales of a poop-shaped toy purse for children, Pooey Puitton. U.S. District Judge …

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