National News

Advisory Firms Urge ‘No’ Vote on AIG Execs’ Pay Packages

American International Group Inc. shareholders should vote against compensation packages for top executives at the insurer’s annual meeting next week, according to two advisory firms that hold sway over investor votes. Institutional Shareholder Services Inc and Glass Lewis & Co, …

Highland Insurance Solutions Launches Contractors Equipment Coverage

Highland Insurance Solutions has launched a new equipment product for contractors. The new policy form offers broad protection and scheduled or blanket reporting coverage. Highland’s new contractors equipment coverage features include: Up to $10 million loss limits $5,000 minimum premium …

HUB to Offer Risk, Compliance Services for Amateur Sports Industry

Hub International Limited (HUB), a global insurance brokerage and Player’s Health, a risk management firm specializing in amateur sports, have formed a partnership to provide risk and compliance services designed to help organizations monitor and report injuries and abuse, establish …

Trump Readies Security Order Limiting Huawei, Other Foreign Telecoms

President Donald Trump is expected to sign an executive order this week barring U.S. companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban on doing business with China’s Huawei, three …

$2 Billion Verdict Far From End of Roundup Litigation Challenges for Bayer

Bayer shares continued to fall on Tuesday after a California jury on Monday awarded more than $2 billion in damages to a couple who alleged that the company’s glyphosate-based weed killer Roundup caused their cancers. The third successive loss by …

U.S. to Consider Opening Unused Spectrum Band for ‘Talking’ Vehicles

The U.S. Federal Communications Commission plans to vote in June on launching a new review of a key spectrum band reserved for automakers that could boost Wi-Fi use, a person briefed on the matter said on Tuesday. In 1999, the …

BPL Global Adds Marsh’s DeCarlo to Grow Credit, Political Risk Business in U.S.

Credit and political risk insurance brokerage specialist BPL Global has appointed Donnie DiCarlo as executive vice president. He will be based in New York and is charged with expanding BPL’s client base in the U.S. and the wider Americas region. …

National Labor Board Memo Says Uber Drivers Are Contractors, Not Employees

Drivers for ride-hailing company Uber Technologies Inc. are independent contractors and not employees, the general counsel of a U.S. labor agency has concluded, in an advisory memo that is likely to carry significant weight in a pending case against the …

Why Less Data May Be More for Employers Using Wearables in Workplace

Employers deploying wearables in the workplace are possibly exposing themselves to more risk than they realize by collecting more data than they need. While some firms may want to deploy the technologies as much as possible, employers would be wise …

Cyber Insurance Growth Slowed in Reaching $2 Billion in 2018, Says Fitch

The cyber insurance market remains a source of growth for U.S. property/casualty insurers; however, that growth is slowing, according to Fitch Ratings. The industry’s total direct written cyber premiums grew 8% in 2018 to $2 billion, down from 37% growth …

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