National News

Carmakers on Mobility Utopia: ‘Show Us the Money’

Jim Hackett’s first job at Ford Motor Co. was to figure out ways to make money that didn’t involve selling cars. One of his first big decisions as the executive in charge of smart mobility, a catch-all term for app-driven …

Trump Administration Allows Lawsuits Against Some Businesses in Cuba

The Trump administration said on Monday it would allow lawsuits by U.S. citizens against dozens of Cuban companies and other entities on Washington’s blacklist but will maintain, for now, a ban against suing foreign firms doing business on the communist-ruled …

Industry Eyes Renewal of U.S. Terror Reinsurance and Alternatives Should Congress Fail

U.S. insurers are pushing for the extension of a federal terrorism risk insurance program, hoping to fend off a possible gap that would leave their clients scrambling for alternate coverage. The program, which expires at the end of 2020, was …

Why Insurance Marketing Reps Are Still Worth the Money

Here we go again — another cycle for having marketing representatives, or not. Let’s talk about the way it was and the way it is now. Actually, what was and what is now is basically the same as far as …

NIP Group, AXA XL Partner on Greenhouse, Garden Center, Nursery Insurance Program

NIP Group, Inc. has entered into an underwriting agreement with AXA XL on its GrowPro insurance program. GrowPro provides a complete insurance product for greenhouse growers, nurseries and garden centers nationwide. According to Tom Doherty, president of NIP Group’s Specialty …

Supreme Court Rules Railroad’s Payments to Injured Workers for Lost Wages Are Taxable

The Supreme Court has ruled that payments to injured employees for lost wages by a railway company are taxable under the Railroad Retirement Tax Act (RRTA). The opinion in BNSF Railway Co. vs. Loos by Justice Ruth Bader Ginsburg, in …

With Opioid Litigation Mounting, Purdue Pharma Exploring Bankruptcy: Reuters

OxyContin maker Purdue Pharma LP is exploring filing for bankruptcy to address potentially significant liabilities from thousands of lawsuits alleging the drug manufacturer contributed to the deadly opioid crisis sweeping the United States, people familiar with the matter said on …

Marsh Names AIG’s Bauer as Sharing Economy, Mobility Practice Leader

Robert Bauer has joined insurance broker Marsh to lead its U.S. Sharing Economy & Mobility Practice. Bauer will focus on developing and delivering products and services to companies operating in the new economy, working with others across Marsh including Marsh’s …

Groundwater Near Most Coal Plants Polluted by Coal Ash: Environmental Groups

More than 90 percent of U.S. coal-fired power plants that are required to monitor groundwater near their coal ash dumps show unsafe levels of toxic metals, according to a study released on Monday by environmental groups, which cited the potential …

Insurance Agencies’ Profitability Fell But Organic Growth Continued in 2018: Reagan

Independent insurance agencies just closed the books on a year in which profitability fell slightly but they continued to grow organically and each major line of business grew, according to the latest survey from Reagan Consulting. Agencies surveyed in the …

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