National News

Everest Launches Lawyers Professional Liability Policy

Everest Insurance has released a new lawyers professional liability policy – Everest Elevation – designed to provide law firms with liability coverage for financial loss suffered by third parties arising from acts, errors, and omissions in providing legal services. Everest …

FEMA Transfers More Flood Risk with $300 Million Cat Bond

The Federal Emergency Management Agency (FEMA) has again turned to private reinsurance markets to help strengthen the financial framework of the National Flood Insurance Program (NFIP). Last week FEMA entered into a three-year reinsurance agreement, effective April 17, 2019, with …

U.S Now Probing 12 Million Air Bags for Possible Deadly Electrical Flaw

The U.S. National Highway Traffic Safety Administration is investigating a possible deadly flaw in some 12.3 million vehicles that could prevent air bags from deploying in a crash. The agency is examining air-bag control units supplied by parts maker ZF-TRW …

Weinstein’s Companies, Directors, Officers Off the Hook for Sexual Misconduct Claims

Harvey Weinstein’s former companies and their officers and directors were dismissed from a federal lawsuit filed by 10 women, who claim the firms and executives aided the alleged sexual misconduct that led to the movie mogul’s ouster. The women — …

Municipalities Try to Reassure Investors on Climate Risks in Bond Offerings

When Miami Beach borrowed $162 million from Wall Street this week, it wanted investors to know rising seas and extreme weather are a real risk to the city and that it’s doing something about it. An increasing number of states …

Cops Draw Blood to Catch Impaired Drivers

It was about 6:30 on a Friday night in January when Phoenix Police Det. Kemp Layden pulled over a white Jeep Cherokee that was speeding and weaving in and out of its lane. The 47-year-old driver spoke slowly, his eyes …

J&J Asks Federal Court to Assume Baby Powder Lawsuits from State Courts

Johnson & Johnson wants a federal judge to take over more than 2,000 baby-powder lawsuits it faces instead of allowing the cases to be heard by state-court juries, where the company has a mixed record. The world’s largest maker of …

Student Sues Apple for $1 Billion, Blames Face-Recognition Tech for False Arrest

Apple is being sued for $1 billion in damages by an 18-year-old college student who blames the company’s facial recognition software for his false arrest and for wrongly tying him to thefts at Apple stores in several states. The plaintiff …

Tokio Marine’s ProAg to Acquire AmTrust Financial’s Crop Insurance MGA

Producers Ag Insurance Group Inc. has agreed to acquire Leawood, Kan.-based managing general agent AmTrust Agriculture Insurance Services. The deal, which is subject to regulatory approvals, is expected to close by May 1. Terms were not disclosed. AmTrust Ag, a …

Supreme Court to Weigh If U.S. Job Bias Law Protects Gay, Transgender Employees

The U.S. Supreme Court will consider whether federal law bars employers from discriminating on the basis of sexual orientation and gender identity, accepting cases that could let the court’s new conservative majority put its imprint on the American workplace. The …

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