National News

Insurance Tries to Keep Up with Sharing Economy

As more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting. According to Harvard Business Review, the sharing or on-demand economy is attracting more than 22.4 million consumers and $57.6 billion in spending …

Hartford Revamps Specialty Commercial, Middle Market Before Navigators Closing

The Hartford announced the new operating model and organizational structure that will be effective upon the closing of its pending acquisition of specialty insurer The Navigators Group, which it expects to finalize in late March or April. Navigators operations, along …

SIS Wholesale Insurance Services Launches Online Commercial Excess Program

Safebuilt Insurance Services, Inc. dba SIS Wholesale Insurance Services, a national commercial lines insurance program administrator, has launched an online Commercial Excess Liability program. This program offers follow form excess liability coverage with limits up to $10 million. Coverage is …

Insurance Industry Predicts Super Bowl LIII Winner

This Sunday, Jared Goff (in his third NFL season) and the Los Angeles Rams face off against Tom Brady (in his 19th NFL season) and the New England Patriots. Insurance Journal’s Academy of Insurance asked the insurance industry to pick …

Federal Safety Investigators Sidelined by Shutdown Begin Heading to Crash Scenes

It’s been four weeks since a van carrying children from a Louisiana church to Disney World in Florida collided with a swerving tractor-trailer, igniting diesel fuel and killing seven people in a fiery crash. Now, federal crash investigators — sidelined …

Insurance Linked Securities Market Grows to $93B in 2018: Willis Re

Growth of the insurance linked securities (ILS) market reached $93 billion in 2018, up from $88 billion during the prior year, according to the new ILS Market Update from Willis Re, the reinsurance division of Willis Towers Watson. In the …

Why Working Until 70 Is Not Simple Solution to Retirement Crisis: Viewpoint

It may seem a simple solution to the brewing U.S. retirement crisis: Get people to work until 70 before retiring and 85 percent will have the money they need for retirement. They will save more during additional years in jobs …

Trump Plan to Curb Drug Prices Targets Rebates to Pharmacy Benefit Managers

The Trump administration proposed ending a complex system of drug rebates that influence tens of billions of dollars in U.S. pharmaceutical spending, a move that could upend the relationship between drugmakers and pharmacy benefits middlemen. The proposal, a long-awaited part …

Copters, Cops, Canines Patrol Atlanta; NFL Reports No Super Bowl Threats

The National Football League is not aware of any security threats against Sunday’s Super Bowl, the league’s top security officer said Wednesday. “We have no credible or specific threats that have been brought to our attention,” NFL Chief Security Officer …

Risk Management Is Answer to Football’s Insurance Problem, Says Top Sports Broker

ESPN ran an in-depth report recently about insurers being unwilling to cover the National Football League (NFL) for general liability and workers’ compensation due to concerns over player concussions and traumatic brain injuries. According to the ESPN report, Pop Warner …

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