National News

Supreme Court Agrees to Hear Case That Could Limit Clean Water Act

The U.S. Supreme Court on Tuesday agreed to consider limiting the scope of a landmark law aimed at curbing water pollution in a dispute pitting environmentalists against local authorities in Hawaii over a wastewater treatment plant. The justices agreed to …

A.M. Best Makes Senior Management Changes, Restructures Organization

A.M. Best announced that Roger Sellek will step down as CEO of its Europe, Middle East and Africa (EMEA) and Asia Pacific (AP) regions at the end of March. As part of its succession planning process, A.M. Best has also …

How Pricing Insurance for Cars of Future Could Bring Insurers, Carmakers Together

Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would rise. “The quoted me $10,000 …

China Abandons Pledge, Returns to Very Active Hacking of U.S., Report Says

China largely abandoned a hacking truce negotiated by Barack Obama as President Donald Trump embarked on a trade war with Beijing last year, according to the cybersecurity firm Crowdstrike Inc. A slowdown in Chinese hacking following the cybersecurity agreement Obama’s …

FTC Privacy Settlement Over Cambridge Analytica Could Cost Facebook Billions

Facebook Inc. is in talks with U.S. regulators over alleged privacy violations that could force the social-media giant to pay billions of dollars in a record-breaking settlement, according to two people familiar with the matter. The U.S. Federal Trade Commission’s …

Suit Questions Maiden Holdings’ Handling of AmTrust Portfolio Risks

Maiden Holdings Ltd. is named in a class action investor lawsuit alleging that it failed to adequately address and reveal portfolio risks involving AmTrust Financial Services, its largest customer. The complaint alleges that Maiden didn’t disclose material information, and the …

Travelers Expands Wedding Protector Plan to Include Jewelry Insurance

The Travelers Companies, Inc. has expanded its Wedding Protector Plan insurance offering to include separate fine jewelry insurance policies with coverage limits of up to $100,000. Typical homeowners insurance policies often have limits for jewelry of up to about $1,500. …

EPA Readies ‘Forever Chemical’ PFA Safety Plan Amid Calls for Tougher Action

The Environmental Protection Agency is expected to announce a plan for dealing with a class of long-lasting chemical contaminants amid complaints from members of Congress and environmentalists that it’s not moved aggressively enough to regulate them. So-called forever chemicals, perfluoroalkyl …

Hanover Partners with RSA Group to Expand International Specialty Offerings

The Hanover Insurance Group, Inc. has a new agreement with the multinational insurer RSA Group to join its global network as a U.S. strategic network partner. This relationship expands The Hanover’s international specialty capabilities for domestic businesses with overseas risks. …

Travelers to Provide Auto Insurance for Lexus Complete Lease Program

The Travelers Companies, Inc. will be the auto insurance provider for the new Lexus Complete Lease, a two-year, 20,000-mile lease program for the Lexus UX compact crossover vehicle. The full-service leasing option bundles the cost of the vehicle, auto insurance, …

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