National News

Ironshore Environmental Adds Storage Tank Pollution Liability Coverage to Online Portal

Ironshore Environmental has made its stand-alone Storage Tank Policy accessible to brokers through an online quote & bind portal. The coverage addresses first- and third-party liability in response to releases from underground and aboveground storage tanks with available limits from …

1970s Musicians Sue for ‘Second Chance’ to Reclaim Their Songs

David Johansen, John Waite and other prominent 1970s musicians filed lawsuits on Tuesday accusing Sony Music Entertainment Inc. and UMG Recordings Inc. of improperly refusing to let them reclaim rights to songs they had long ago signed away. The proposed …

WTR Launches Accounts Receivable Insurance Program

Waldorf Trade Risk, LLC (WTR), an insurance program administrator specializing in trade credit risk, has launched ReceivaSure, an accounts receivable insurance program for small- and medium-sized companies built on an end-to-end digital underwriting platform capable of processing most quotes in …

Former Top AIG Executive Sankaran Joins Health Insurtech Oscar as CFO

Technology-driven health plan Oscar has named former American International Group executive Sid Sankaran as its new chief financial officer. Sankaran, who will join Oscar on March 1, was named chief financial officer at AIG in December 2015 in an executive …

Chubb Took $500M Hit from Catastrophes in Q4 But Saw Better Pricing, Investments

In 2018 fourth quarter, global insurer Chubb saw a surge in catastrophe losses, along with growth in premium revenue, better global property/casualty pricing and record net investment income. The insurer booked $355 million in net income compared to more than …

Generali Global Assistance Acquires Travel Insurance Agency Trip Mate from A.J. Gallagher

Generali Global Assistance said it has acquired Trip Mate from Arthur J. Gallagher. Details were not disclosed. Trip Mate is incorporated in Kansas and domiciled in the state of Missouri. It is licensed in all states. Its plans are underwritten …

Safety Agency Pulls Obama Proposal to Require Event Data Recorders in Cars, Trucks

The U.S. National Highway Traffic Safety Administration said on Tuesday it is withdrawing a 2012 Obama administration proposal to require event data recorders in all new cars and trucks because it says automakers have voluntarily installed the devices in nearly …

Chronic Pain is Top Reason Patients Use Medical Marijuana

The stigma surrounding marijuana use appears to be slowly fading in the U.S. New research from the University of Michigan, published in the February issue of Health Affairs, provides insight into the use of medical marijuana. According to the research, …

Bipartisan Bill Would Boost Generic Drugs to Lower Prices

A bipartisan group of U.S. senators re-introduced a bill on Tuesday aimed at helping generic drug companies bring out a cheaper version of pharmaceuticals. Makers of branded drugs have long been accused of refusing to provide samples of drugs on …

NAS Insurance Re-Enters EPLI Market with New Management Liability Policy

NAS Insurance has re-entered the employment practices liability insurance market with a new three-in-one management liability product for small to mid-size businesses. The new NAS’ Management Liability policy will offer EPLI, directors & officers liability and fiduciary liability coverage options …

National News Archives by Month